SEC Form 20-IS - iRemit Global Remittance

RELEVANT RESOLUTIONS APPROVED BY THE BOARD OF DIRECTORS
MEETING OF THE BOARD OF DIRECTORS
June 17, 2011
August 19, 2011
(June 2011 to May 2012)
FOR RATIFICATION BY THE STOCKHOLDERS
1
Annex “F”
The Board of Directors authorized the Corporation to borrow money, arrange and negotiate with the
Security Bank Corporation, for the grant of credit line facility, to secure trust receipts, to obtain other
credit facilities, to enter into and assume any financial undertaking with the Bank, with or without
security, in the aggregate amount of Philippine Pesos: Three Hundred Million (₱300,000,000.00) and
Three Million Four Hundred Fifty Thousand Dollars ($3,450,000.00) or the equivalent of said amount
or any portion thereof in foreign currency.
The Board of Directors authorized the Corporation to borrow money, arrange and negotiate with the
Bank of the Philippine Islands for the grant of a credit line facility, to secure trust receipts, to obtain
other credit facilities, to enter into and assume any financial undertaking with the Bank, with or
without security, in the aggregate amount of Philippine Pesos: One Hundred Million
(₱100,000,000.00) and One Hundred Fifty Thousand Dollars ($150,000.00) or the equivalent of said
amount or any portion thereof in foreign currency.
The Board of Directors authorized the Corporation to borrow money, arrange and negotiate with the
China Banking Corporation for the grant of a credit line facility, to secure trust receipts, to obtain other
credit facilities, to enter into and assume any financial undertaking with the Bank, with or without
security, in the aggregate amount of Philippine Pesos: Three Hundred Million (₱300,000,000.00) or
the equivalent of said amount or any portion thereof in foreign currency.
The Board of Directors authorized the Corporation to establish and open deposit account/s, whether
time, current, savings, money market placement and other types of deposit accounts in Philippine
pesos and/or foreign currencies with Mizuho Corporate Bank, Ltd. (Manila Branch) for the account of
the Corporation.
The Board of Directors authorized the Corporation to apply for accreditation with Twenty Two Forty
One Properties, Inc. as a real estate collection partner for the Green Residences project of SM
Development Corporation.
The Board of Directors authorized the Corporation to enroll any and all of their accounts in Maybank
Philippines, Inc. with the bank’s Internet Banking Facility.
The Board of Directors authorized the Corporation to enter into an agreement with Mizuho Corporate
Bank Ltd. – Manila Branch for the purpose of availing of the Bank’s Global Cash Management
Services.
The Board of Directors authorized the Corporation to borrow money, arrange and negotiate with
Chinatrust (Philippines) Commercial Bank Corporation for the grant of a credit line facility, to secure
trust receipts, to obtain other credit facilities, to enter into and assume any financial undertaking with
the Bank, with or without security, in the aggregate amount of Philippine Pesos: Two Hundred Eighty
Million (₱280,000,000.00).
The Board of Directors authorized the Corporation to apply for and obtain with Security Bank
Corporation on accommodation in the form of a Domestic Bills Purchase Line in the aggregate
principal amount of Philippine Pesos: One Hundred Million (₱100,000,000.00), as well as the
temporary excesses or permanent increases thereon as may be approved by the Bank from time to
time, under such terms and conditions as the Bank may require.