SECRETARY'S CERTIFICATE

I, PERLITA M. SAGMIT, the duly elected Corporate Secretary ofClark International Airport Corporation (CIAC), a corporation duly organizedand existing under the laws of the Republic of the Philippines with officeaddress at Executive Office Building, Civil Aviation Complex, Clark FreeportZone, Pampanga, after having been duly sworn to in accordance with law,hereby certify, that during the 24 February 2017 1't Regular Meeting of theBoard of Directors of the said corporatiory the following resolutions wereunanimously approved:

ResolutionNo. RM-02-05, Series qf 2011

"RESOLVED THAT, the adoption of the provisions ofExecutive Order No. 24, Prescribing Rules to Goaern the

Compensntion of Members of the Board of Directors/Trustees inGoa ernment- Otune d and Contr olle d Cow or ations includin g G oaernmentFinancial Institutions, be APPROVED, as it is hereby APPROVED."

ResolutionNo. RM-02-06, Series o-f 2011

"RESOLVED THAT', the supplemental budget in the totalamount of Three Million Four Hundred Sixty Thousand Pesos(Php3,460,000) to cover the necessary budget for theimplementation of Execudve Order No. 24, be APPROVED, as it ishereby APPROVED.'

In witness whereof, I hereby sign this instrument this 7th day of March2071. at Clark Freeport Zone, Philippines.

H8191.4535 issued on February 1.2, 2011. at DFA Pampanga, and is the

SUBSCRIBED AND SWORN to before me in tr"," }l\un.a{ ilhb4laq{.far?.this day of tr4AR {l 7 7il,l1 201'1., by Perlita M. Sagmit who ha8satisfactorily proven to me her identity through her Passport with No.

same person who personally appeared and acknowledged tofreely and voluntarily executed the same.

has

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RLITA M. SAGVIITCorporate Secretar{

CLARK INTERNATIONAL AIRPORT CORPORATIONBENEFIT PACKAGE FOR THE BOARD OF DIRECTORS

(2011',)

1. Per Diems will be paid to Directors based on attendance in meetings asfollows:

a. For Board Meetings

with a maximum of Php 288,000 per year.

with a maximum of Php 240,000 per year.

b. For Committee Meetings

meetings per month, or Php 144,000 per year.

*Section 7 of EO 24 provides that "Department Secretaries, Undersecretaries,Asslsfanf Secretaries and other government officials, who are Ex-Officio BoardMembers, including their authorized alternates/representatives, shall not beentitled to any additional compensation for their service as such:

*Additional Compensation does not include reimbursable expenses, thus ex-officio board members are entitled to the same.

2. Reimbursable Expenses

As general rule, all necessary expenses of members of the Board of Directorsto attend Board and other meetings and discharge their official duties shall bepaid directly by CIAC.

Reimbursable expenses are allowed in the exigency of service and subject tosubmission of receipts. Said expenses may be reimbursed but only for thefollowing items incurred in the performance of official functions based on theapproved budget and subject to accounting and auditing rules and regulations:

a. Transportation expenses in going to and from the place ofmeetings;

b. Meals during business meetings;c. Travel expenses during official travel; andd. Communication expenses.

Total Allowable Reimbursable Expenses per Director are as follows:

per year.

per annum.

approval of the trip and CIAC's Annual Budget.

a. Transportation Expenses

submission of the following documents:. Request for Reimbursement Form;. Official Receipt or Cash lnvoice;o ltinerary of travel; and. Certification that the expense incurred was used on official

trips.

b. Meals during Business MeetingsReimbursement should be supported by the following documents:

. Request for Reimbursement Form;o Official Receipts or Cash lnvoices for the meals incurred;. Request for Refreshment Form, identifying the:

i. Name of persons represented, and their Company;and

{. ltems discussed and resolved during the meeting.. Certification that expenses incurred was official in nature.

c. Communication ExpensesEvery Director is entitled to reimburse communication expenses notexceeding Php 2,500 per month, subject to the submission of thefollowing documents:

. Request for Reimbursement Form;

. Official Receipt;o Billing StatemenUlnvoice (under the name of the Director);. Certification that expenses incurred was official in nature.

d. Travel Expenses during Official Travel

Thru a Cash Advance. Supporting documents are as follows:. BCDA Approval of Authority to Travel;o Invitation (if applicable)o ltinerary of travel (for computation of Per Diem); and. Certification from Accounting Department that availee has no

outstanding Cash Advance (CA)

Upon Liquidation. Liquidation Report;. Certificate of Travel Completed and ltinerary of travel;. Used Plane TickeV E-Ticket;. Official Receipt for HotelAccommodation. Certified true copies of CA documents; and. Official Receipts for Participation/Registration fee, Visa (when

applicable.)

Reimbursement. Request for Reimbursement Form;. BCDA Approval of Authority to Travel;. lnvitation (if applicable). Certificate of Travel Completed and ltinerary of travel;o Used Plane TickeU E-Ticket;. Official Receipt for Hotel Accommodation; ando Official Receipts for Participation/Registration fee, Visa (when

applicable.)