2008 Board Resolutions

9 January 2008

• Assignment to the various committees to conduct a review and study of their respective on-going and future projects to submit to the Board for evaluation

• Authorization and delegation to the Building and Grounds Committee, the landscaping project and to present to the Board, its recommendations for final approval

• Approval and adoption of Management’s proposed elevator improvement project

• Authorization and delegation to the Finance Committee, the process of bidding and selection for the Association’s management service

• Approval and adoption of the terms of reference issued by the Finance Committee for the proposed bidding of management services

• Approval of Spa Committee’s recommendation on old gym equipment

27 February 2008

• Deferment of the approval on bonus for housekeeping services and the U.S. Embassy request for railing upgrade in Unit GF-B Lawton

• Approval of release or issuance of the Corporation’s Audited Financial Statements as of December 31, 2007 as audited by its external auditor, KPMG Laya Mananghaya & Co.

• Approval of the recommendation of the Finance Committee on the management service contract