This certifies that: The records of the Office of the Board Secretariat show that during the Two Hundred Forty Third (243^rd ) Meeting of the Board of Directors of the Subic Bay Metropolitan Authority held last 5 July 2013 wherein there was a quorum to validly transact business, the following resolution was approved:

Resolution No. 13-07-4795

œRESOLVE, as it is hereby resolved, that upon recommendation of Management and without prejudice to COA Regulations and pertinent laws on the matter, the Board hereby approves the adjustment of Maintenance Rates for Rental Services and Equipment as contained in Management ™s Memorandum* dated 8 May 2013, a copy of which is incorporated herein by way of reference. 

Issued this 19^th day of July 2013.

(SGD) ATTY. JOCELYN G. ALVARADO
Secretary for the Meeting

* Text Available at the Office of the National Administrative Register, U.P. Law Complex, Diliman, Quezon City