Signatory Resolution for FIRB

December 15, 2009 FIRB RESOLUTION NO. 028-09 SUBJECT MATTER : Signatory Resolution for FIRB WHEREAS, all applications for tax subsidy pursuant to Executive Order No. 93 are reviewed and decided upon by the FIRB during a meeting called for the purpose; WHEREAS, in cases where a meeting is not possible given certain constraints, in terms of time or otherwise, applications for tax subsidy are reviewed and decided upon by referendum; WHEREAS, the FIRB generally issues a Resolution to reflect the action taken by it with respect to a tax subsidy application; WHEREAS, resolutions arising from decisions during a FIRB meeting are signed only by the Presiding Officer of the FIRB and resolutions arising from decisions by way of referendum are signed by at least a majority of the FIRB membership to validate such resolutions. NOW, THEREFORE, BE IT RESOLVED, AS IT IS HEREBY RESOLVED, to confirm the validity of all resolutions arising from decisions during a FIRB meeting which are signed by the Presiding Officer of the FIRB. SCcHIE (SGD.) GIL P. MONTALBO Director Department of Budget and Management (SGD.) ELMER C. HERNANDEZ Undersecretary Department of Trade and Industry (SGD.) MARGARITA R. SONGCO Deputy Director-General National Economic and Development Authority (SGD.) JAMES H. ROLDAN Assistant Commissioner Bureau of Internal Revenue (SGD.) REYNALDO V. UMALI Deputy Commissioner Bureau of Customs (SGD.) LINA D. ISORENA Executive Director Head, FIRB Secretariat National Tax Research Center (SGD.) GIL S. BELTRAN Undersecretary of Finance Presiding Officer-FIRB Reference: Joint FIRB-Technical Committee Meeting dated December 15, 2009.