Abayon Frozen Goods

Talamban, Cebu City

Telefax no. (032) 412-1650
abayon_frozengoods@yahoo.com

BOARD RESOLUTION AUTHORIZING CORPORATE OFFICER

REPUBLIC OF THE PHILIPPINES }

CEBU CITY} S.S.

SECRETARY’S CERTIFICATE

I, Aleycx Justin C. Lofranco III, Filipino, of legal age, with office address at Talamban, Cebu City, after being
sworn in accordance with law, do hereby depose and state as follows:

1. That I am the incumbent Corporate Secretary of Abayon Frozen Goods, a corporation duly organized
and existing under Philippine laws, with principal office at Talamban, Cebu City,;

2. That during the special meeting of the Board of Directors held on 5 January 2011, wherein a quorum
was present and acted throughout, after being informed of the necessity of authorizing company’s officers
to transact for and in behalf of Abayon Frozen Goods, the Board approved the following resolution, to wit:

RESOLUTION NO. BD-028-2007

“RESOLVED, as it is hereby resolved, that the representatives be empowered and authorized to apply for,
negotiate, obtain loans from banks and other financial companies., including the renewal, extension
and/or increase, roll over or restructuring thereof, and/or of its existing credit facilities in such amount(s)
and under such terms and conditions as may be mutually agreed upon, and to secure and guarantee the
payment of the aforesaid loan or credit facilities by means of mortgage, pledge, assignment or any other
form of encumbrance upon any and all properties or assets of the corporation of whatever kind or nature,
real or personal, as may be sufficient or required for the purpose.“

“RESOLVED, as it is hereby resolved, that the representatives be empowered and authorized to negotiate
business transactions relating to the conduct of business of Abayon Frozen Goods, to secure new clients,
and to enter into new investments and business ventures. “

“RESOLVED, as it is hereby resolved, that the representatives be empowered and authorized to execute,
sign, seal, deliver and present any and all documents and other pertinent papers, instruments and writings
of whatever nature, kind and description, including employment contracts, necessary to accomplish the
purpose for which this special power of attorney has been granted.”

“RESOLVED, as it is hereby resolved, that the representatives be empowered and authorized to sue and
be sued in the Philippines in behalf of our Company in all matters related to the transactions of our
Company, to appear at the pre-trial conferences and hearings of cases filed in the Philippines against our
Company, to engage, terminate, substitute and pay for the services of counsel, to submit to the voluntary
arbitration, to enter into stipulation of facts, amicable settlement or compromise agreement, and to file
answers, affidavits, position papers, motions, memoranda, petitions and other papers in the course of
litigation.”

RESOLVED FURTHER, as it is hereby resolved, that ALEYCX JUSTIN C. LOFRANCO, the Operations Manager,
be authorized to sign, execute, and deliver any and all documents including but not limited to loan
application, disclosure statement, purpose sheet, application for letters of credit, promissory note, draft,
surety agreement, trust receipt, mortgages, pledge, assignment, and the like, including the
renewals/extensions/increase/amendments/restructuring thereof, in order to effectuate the foregoing
matters.”

NAME POSITION SIGNATURE

Aleycx Justin Lofranco Operations Manager

3. That the foregoing Resolution remains valid and has not in any manner been novated, revoked, nor
repealed to date.

AFFIANT FURTHER SAYETH NONE.

Issued this 6th day of January 2011 at Cebu City.

Aleycx Justin C. Lofranco III

Corporate Secretary