2005 Board Resolutions

21 January 2005

• Purchase of Teakwood sunlounger for Outdoor Pool

• Approval of 2005 CAPEX Implementation Schedule

• Installation of Digital Video Recorders for CCTV (Update on Security CCTV)

• Designation of “essensa.net” as EEFCC’s Official Website

• Appointment of Mr. Diwa as the new General Manager of EEFCC

• Puno and Puno Law Offices to effect Amendments to By-Laws

• Hiring of additional Doormen

• Study of EEFDC Security Policy

• Color Coding of posts in the parking area to demarcate the assigned parking areas

• Conduct of Homeowners’ Forum

3 February 2005

• Purchase of twelve (12) sunloungers with cushions; twelve (12) Ascot armchairs with cushion; and three (3) canfiel round tables; request of additional CAPEX fund to purchase the sunloungers and tables

• Availment of eight (8%) percent discount on association dues for Unit Owners

18 February 2005

• Operation of two (2) dedicated cable TV channels for Essensa residents

2 March 2005

• Study on provision for a Drivers’ Quarters

• Study of other Banks where EEFCC can make short-term placements

• Conduct of structural investigation

• Purchase of Multipoint water heaters for jacuzzi and shower rooms

• Proposal on the Renewal of Insurance of EEFCC’s Condominium Building

• Registration of EEFCC Website

• Designation of Puno and Puno Law Offices to Study the Real Property Tax issue

• Approval of KPMG Audit Report as of December 31, 2003 and Decemebr 31, 2004

15 April 2005

• Engagement of Maunsell Phils., Inc. to conduct a visual investigation and exploratory probing of basement walls

• Granting of authority to execute Fire and Allied Perils Insurance Coverage of EEFCC

• Assignment of President of EEFCC as representative in the Bonifacio Global City Estate Association

• Termination of CPMI Management Contract

• Assignment of Puno and Puno Law Offices to study possible termination of the Schindler Maintenance and Repair Agreement

26 May 2005

• Authority of Mr. Diwa to prepare, file and execute a Joint Protest Letter (with other condominium corporations) with the National Water Resources Board to Question the Water Rate Increase of Bonifacio Water Corporation

• Arup to issue a Final Report and Certification on the Structural Integrity of the Retaining Wall

• Assignment of Mr. Aboitiz and Puno and Puno Law Offices to Review EEFCC’s Constituent Documents and Recommend Amendments

• Operation of one (1) additional cable channel (Essensa Community Channel)

• Granting of authority to conduct bidding for the engagement and execution of a Management Contract for the operation and management of EEFCC

28 June 2005

• Granting of authority to install a frameless glass swing door at the open end of the upper ground floor elevator lobby

• Review of the Property Management Bid Committee Report, and awarding to Century Property Management Inc.

• Granting of Puno and Puno Law Offices to file, on behalf of EEFCC, all the amendments on the amended By-laws and Master Deed as adopted in previous board meetings

• Provisional amendment of bank signatories (only from July 1 to July 31, 2005)

• Installation of Picocells by Globe Telecommunications

• Approval of Mr. Rodriguez to sign and execute the proxy for and on behalf of EEFCC for the meeting of Bonifacio Global City Estate Association Inc.

1 September 2005

• Assignment of the study on the feasibility and legality of constructing an indoor playroom

• Authority of EEFCC through the Socials Sub-Committee, to solicit, ask for or request sponsorships from companies, individuals or such other entity or entities for the conduct of the 2nd International Food Festival scheduled on October 1, 2005

• Establishment of guidelines and letters on walking and proper care of dogs

• Assignment of the study on the feasibility and legality of the installation of air cool to reduce electric bills

• Ratification and confirmation of EEFCC’s Bank Account/ Investment with Rizal Commercial Banking Corporation

17 November 2005

• Authority of EEFCC to install and construct a motor operated aluminum roll-up grill at the vehicle entrance of EEFCC

• Authority to purchase and install a cartridge filter in the solar water heater to reduce the suspended particulates and improve the clarity of the indoor pool water

• Assignment of study on the Exhaust System for the Common Area Rest Rooms

• Granting of authority to fund the Annual Christmas Tree Lighting Ceremony

• Presentation of Arup’s final report on the Retaining Wall Crack Investigation

• Setting of Annual General Membership Meeting on December 20, 2005

• Granting of authority to fund the Improvement of EEFC’s Computer System