1. Str. Gr. Ureche nr. 1 -3, B1. W.
RESOLUTION OF THE BOARD OF DIRECTORS
DATE : Monday, March 23, 2015
FROM : S.C. PANGIRAN BUDI SERVICE S.R.L
TO : Compliance Officer
THROUGH : SIR DR IR FEROZ
A quorum of directors of S.C. PANGIRAN BUDI SERVICE S.R.L
"Company") with its address at
telephone/video conference a Board of Directors meeting which was duly noticed and held
on this Monday, 23 March 2015
aspects of this transaction was held to the full satisfaction of the Board members and the
following resolutions were unanimously adopted:
RESOLUTION:
It is resolved that SIR DR IR FEROZ
25895236 as OWNER/CHAIRMAN
company, to enter into this transaction involving the assignment of Bank Financial
Instruments to be applied to a Non Recourse Loan (NRL)
RESOLUTION:
It is resolved that SIR DR IR FEROZ
the company, to arrange the issuance and assignment of a Bank Financial Instruments
be applied to a Non Recourse Loan (NRL)
RESOLUTION:
Clients Initials __
3, B1. W. Maracineanu – mezanin IASI Romania European Union
Email :ioedf@diplomats.com
RESOLUTION OF THE BOARD OF DIRECTORS
Monday, March 23, 2015
S.C. PANGIRAN BUDI SERVICE S.R.L
Compliance Officer – Trading Platform
SIR DR IR FEROZ
S.C. PANGIRAN BUDI SERVICE S.R.L (Hereinafter called the
"Company") with its address at IASI, ROMANIA,EU UNION attended in person or by
telephone/video conference a Board of Directors meeting which was duly noticed and held
Monday, 23 March 2015. A detailed discussion regarding various issues and
n was held to the full satisfaction of the Board members and the
following resolutions were unanimously adopted:
SIR DR IR FEROZ holder of the MALAYSIAN passport number
OWNER/CHAIRMAN and authorized Representative/Signatory
company, to enter into this transaction involving the assignment of Bank Financial
Non Recourse Loan (NRL),
SIR DR IR FEROZ as OWNER/CHAIRMAN and authorized
, to arrange the issuance and assignment of a Bank Financial Instruments
Non Recourse Loan (NRL) with rolls and extensions,
________
IASI Romania European Union
Page 1
RESOLUTION OF THE BOARD OF DIRECTORS
(Hereinafter called the
attended in person or by
telephone/video conference a Board of Directors meeting which was duly noticed and held
. A detailed discussion regarding various issues and
n was held to the full satisfaction of the Board members and the
passport number A
Representative/Signatory of the
company, to enter into this transaction involving the assignment of Bank Financial
authorized Signatory of
, to arrange the issuance and assignment of a Bank Financial Instruments to

2. Str. Gr. Ureche nr. 1 -3, B1. W.
It is resolved thatSIR DR IR FEROZ
S.C. PANGIRAN BUDI SERVICE S.R.L
monitor, execute, manage and sign all paperwork, agreements, contracts and all
documentation as may be necessary with third parties, pertinent to this transactions
involving the the issuance and assignment of Bank Financial Instruments
Non Recourse Loan (NRL) with rolls and extensions,
RESOLUTION:
It is further resolved at this meeting of the Board of Directors that
OWNER/CHAIRMAN and authorized signatory of
PANGIRAN BUDI SERVICE S.R.L
any banks, trading entities, program managers, facilitators, lawyers and other involved
persons and companies of his choice, as he may deem appropriate and at his absolute
discretion, on behalf S.C. PANGIRAN BUDI SERVICE S.R.L
RESOLUTION:
That SIR DR IR FEROZ as
PANGIRAN BUDI SERVICE S.R.L
resolutions and provisions thereof are in conformity with the charter, bylaws and articles of
incorporation of the company, and that the foregoing resolution and the authority thereby
conveyed shall remain in full fo
accomplished.
It is further certified that the foregoing resolutions have never been modified or amended
and are now in full force and effect. The above named representative of the company has
been duly elected and appointed to hold office, the representative is presently holding office,
and is empowered to act for and on behalf of the company. This fax or email copy of the
Clients Initials __
3, B1. W. Maracineanu – mezanin IASI Romania European Union
Email :ioedf@diplomats.com
SIR DR IR FEROZ as OWNER/CHAIRMAN and authorized signa
S.C. PANGIRAN BUDI SERVICE S.R.L be assigned full authority to instruct, arrange,
monitor, execute, manage and sign all paperwork, agreements, contracts and all
documentation as may be necessary with third parties, pertinent to this transactions
volving the the issuance and assignment of Bank Financial Instruments to be applied to a
with rolls and extensions,
It is further resolved at this meeting of the Board of Directors that SIR DR IR FEROZ
and authorized signatory of ALL FINANCE RELATED FOR S.C.
PANGIRAN BUDI SERVICE S.R.L any and all transaction related fees and entitlements to
any banks, trading entities, program managers, facilitators, lawyers and other involved
companies of his choice, as he may deem appropriate and at his absolute
S.C. PANGIRAN BUDI SERVICE S.R.L.
as OWNER/CHAIRMAN and authorized signatory of
PANGIRAN BUDI SERVICE S.R.L, is hereby authorized to certify that the foregoing
resolutions and provisions thereof are in conformity with the charter, bylaws and articles of
incorporation of the company, and that the foregoing resolution and the authority thereby
conveyed shall remain in full force and effect until the purposes set forth herein are
It is further certified that the foregoing resolutions have never been modified or amended
and are now in full force and effect. The above named representative of the company has
ly elected and appointed to hold office, the representative is presently holding office,
and is empowered to act for and on behalf of the company. This fax or email copy of the
________
IASI Romania European Union
Page 2
and authorized signatory of
be assigned full authority to instruct, arrange,
monitor, execute, manage and sign all paperwork, agreements, contracts and all
documentation as may be necessary with third parties, pertinent to this transactions
to be applied to a
SIR DR IR FEROZ as
ALL FINANCE RELATED FOR S.C.
any and all transaction related fees and entitlements to
any banks, trading entities, program managers, facilitators, lawyers and other involved
companies of his choice, as he may deem appropriate and at his absolute
and authorized signatory of S.C.
uthorized to certify that the foregoing
resolutions and provisions thereof are in conformity with the charter, bylaws and articles of
incorporation of the company, and that the foregoing resolution and the authority thereby
rce and effect until the purposes set forth herein are
It is further certified that the foregoing resolutions have never been modified or amended
and are now in full force and effect. The above named representative of the company has
ly elected and appointed to hold office, the representative is presently holding office,
and is empowered to act for and on behalf of the company. This fax or email copy of the

3. Str. Gr. Ureche nr. 1 -3, B1. W.
Board Resolution shall be of equal value and effect to the original, and shall
such by everyone, for all purposes, everywhere.
The above motions and resolutions were duly made, seconded and unanimously passed
and carried out at the completion of this meeting.
In witness whereof, I have hereunto set our hand and seal of the company in our own free
will and act, in certification of the above resolutions and provisions on this
March 2015.
Signed for and on behalf of S.C
______________________________________
Name : SIR DR IR FEROZ
Title : CHAIRMAN
Passport No. : A25895236
Country of Issue : MALAYSIA
Clients Initials __
3, B1. W. Maracineanu – mezanin IASI Romania European Union
Email :ioedf@diplomats.com
Board Resolution shall be of equal value and effect to the original, and shall
such by everyone, for all purposes, everywhere.
The above motions and resolutions were duly made, seconded and unanimously passed
and carried out at the completion of this meeting.
In witness whereof, I have hereunto set our hand and seal of the company in our own free
will and act, in certification of the above resolutions and provisions on this
S.C. PANGIRAN BUI SERVICE S.R.L
______________________________________
SIR DR IR FEROZ
CHAIRMAN
A25895236
________
IASI Romania European Union
Page 3
Board Resolution shall be of equal value and effect to the original, and shall be accepted as
The above motions and resolutions were duly made, seconded and unanimously passed
In witness whereof, I have hereunto set our hand and seal of the company in our own free
will and act, in certification of the above resolutions and provisions on this Monday, 23