SEC Form 20-IS - iRemit Global Remittance

February 17, 2012
March 23, 2012
May 18, 2012
The Board of Directors authorized the Corporation to write-off the Corporation’s receivables for the
year ended 31 December 2010 booked under the account “Receivable – Others” amounting to One
Million Four Hundred Thirteen Thousand Nine Hundred Pesos (P 1,413,900.00).
The Board of Directors authorized Mr. Makoto Kinoshita to represent the Corporation and to negotiate
for and on behalf of the Corporation, as well as to sign, execute, and deliver any and all documents,
resolutions, agreements, and contracts relating to the Corporation’s operations, foreign offices,
branches, and agents in Japan.
The Board of Directors authorized the Corporation to establish and open foreign currency deposit
accounts, whether time, current, savings, money market placement and other types of deposit
accounts with Bank Internasional Indonesia.
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 Indonesian
Rupiah with Bank Internasional Indonesia.
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 United States
Dollars with Union Bank of the Philippines – Emerald Avenue Branch for the account of Al Fardan
Exchange.
The Board of Directors authorized the Corporation to close the Corporation’s deposit accounts nos. 2-
8600-44791, 0142-62996-8, and 286-8008375 with Banco de Oro Unibank – Strata Branch.
The Board of Directors authorized the Corporation to enter into an agreement or arrangement with
Chinatrust Commercial Bank Corporation – Ayala Branch for the purpose of opening a cash
management account with the Bank.
The Board of Directors authorized the Corporation to appear before the National Labor Relations
Commission and file the necessary pleadings therein in connection with NLRC-NCR Case No. 04-
05177-12 titled “Junell F. Dassun vs. IRemit, Inc. and Harris D. Jacildo.” The Board of Directors
likewise authorized the law firm of Gerodias Suchianco Estrella to represent the Corporation in said
case.
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