After due discussion and upon motion made and seconded, it was:

RESOLVED, that the Treasurer-in-Trust accounts of the Corporation with the Equitable PCI Bank - Pacific Star Branch designated as Peso Saving Account No. 0279-06206-0 under the name of Carol Bajar, Treasurer-in-Trust for DB MAKATI HS 80 INC., be closed.
RESOLVED FURTHER, that Noel O. Godinez and Carol Bajar be and are hereby appointed as the signatories to the peso savings and/or current accounts with Equitable PCI Bank and all other banks in which the Corporation has opened or may open an account (Equitable PCI Bank and all other banks in which the Corporation has opened or may open an account, hereinafter collectively referred to as the "Banks"):
RESOLVED FURTHER, that Noel O. Godinez and Carol Bajar be and are hereby authorized and empowered, for and on behalf of the Corporation, to execute, sign and deliver all documents, deposit and withdrawal slips, forms and checks of the Corporation pertaining to the peso savings and/or current accounts with the Banks, or to place and renew fixed deposits on behalf of the Corporation.
RESOLVED FURTHER, that Noel O. Godinez and Carol Bajar are hereby authorized to sign jointly on behalf of the Corporation the request for bank confirmation, notices, communications and other documents in connection with the Corporation's bank accounts with the Banks.

After due discussion and upon motion made and seconded, it was:

RESOLVED, that Raleigh J. Jaleco is hereby appointed Corporate Secretary and Carol Bajar as Assistant Corporate Secretary to serve as such until their successors have been duly appointed/elected and qualified.

After due discussion, and upon motion made, seconded and approved, it was:

RESOLVED, as it is hereby resolved, that the commitment of the students of batch '80 may be on a long term or short term basis. For short term goals, the batchmates totaling 240 students must each contribute P347.00 per month for two years or a total of P8,328.00.

Those present noted that the Foundation's first contribution came from Atty. Zerrudo who donated P10,000.00

After due discussion, and upon motion made, seconded and approved, it was:

RESOLVED, as it is hereby resolved, that the Foundation holds a concert and a golf tournament this calendar year as its first two fund raising activities.

RESOLVED, FURTHER, that the Foundation holds the concert at Ipanema, Libis, Quezon City.

RESOLVED, FURTHER, that the Foundation tries to hold a golf tournament with about 120 participants sometime in October 2002, and that the Foundation holds the golf tournament in collaboration with a non-governmental organization c/o Secretary Dinky Soliman of the Department of Social Welfare and Development.

RESOLVED, FINALLY, that the Foundation asks Mr. Raleigh Jaleco to organize the golf tournament, and Mr. Rodrigo S. Jamias to submit the final venue for the golf tournament to Mr. Jaleco on or before 5 September 2002.

* Concert
The Chairman estimated the costs of the concert to be P45,00.00 inclusive of the venue. Messrs. Rolando and Rodrigo Jamias were requested to provide the total costs of the concert. They were also tasked to prepare the budget, revenue and profit projection and business proposal for the concert

* Golf Tournament
The Chairman estimated the costs of the golf tournament to be as follows:

Sunday to Monday
6:30 a.m. to 1:00 p.m.
P30,000.00 to 45,000.00

Tuesday to Thursday
P65,000 to 75,000

Friday to Saturday
6:00 a.m. to 1:00 p.m.
P150,000.00

Finally, the Board discussed the need to appoint organizers for both events.

After due discussion, and upon motion made, seconded and approved, it was:

RESOLVED, as it is hereby resolved, that the Foundation appoints the following to be the organizers of its fund raising activities:

Overall Organizers:
Concert - Rolando Jamias, Rodrigo Jamias
Golf Tournament - Raleigh Jaleco
Sound System and Instruments - Rolando Jamias
Letter Head, Envelope, Receipts Acknowledgement Receipts - Eriberto Navarro
Design of Logo for HS Batch 80 - Ibay or Med

After due discussion, and upon motion made, seconded and approved, it was:

RESOLVED, as it is hereby resolved, that the regular meeting of the Board of Trustees shall be held at Atty. Gil Roberto L. Zerrudo's office.

The Chairman informed the Board of the need to set its next regular monthly meeting.

After due discussion, and upon motion made, seconded and approved, it was:

RESOLVED, as it is hereby resolved, that the tentative schedule for the next regular meeting of the Board of Trustees shall be on 20 September 2002 at 6:30 p.m.

RESOLVED, FURTHER, that the attendees of the meeting shall bring food to be shared by everyone.

The Chairman informed the Board of the need to collect P500.00 per month for the maintenance of the secretariat.

After due discussion, and upon motion made, seconded and approved, it was:

RESOLVED, as it is hereby resolved, that the Board of Trustees as a group shall contribute the amount of P500.00 per month.

To begin the collections, the following trustees made the following contributions for
August 2002:

Rolando Jamias
P50.00
Anthony Pujol
P50.00
Raleigh J. Jaleco
P50.00
Gil Roberto L. Zerrudo
P50.00
Gerry Yatco
P50.00
Noel G. Hilao
P50.00
Eriberto S. Navarro Jr.
P50.00
Rodrigo S. Jamias
P100.00
Noel O. Godinez
P50.00

Total contributions
P500.00
The P500.00 contribution was placed in trust with Mr. Godinez.

After some discussion, upon motion duly made, seconded and approved, it was:

RESOLVED, that Mr. Noel O. Godinez be, as he is hereby, authorized and empowered to sign and deliver, for and on behalf of the Foundation, contracts/agreements pertaining to the event entitled "Come Together" discussed on the attached Annex "A".

RESOLVED FURTHER, this authority shall remain in effect until the end of the event and/or earlier as determined by the Board of Trustees.

RESOLVED FINALLY, that this Resolution shall remain valid, subsisting and enforceable beginning on 28 September, 2002 and will end on July 31, 2003 unless sooner terminated by the Foundation.