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SPECIAL POWER OF ATTORNEY - Mortgage

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SPECIAL POWER OF ATTORNEY

KNOW ALL MEN BY THESE PRESENTS:

I, Shelly Lim, President of TAHO Po! CORPORATION, a corporation incorporated


under the laws of the Philippines, with its registered office at 7th Floor, Citibank Tower, Paseo
de Roxas, Makati City, by virtue of Board Resolution No. 1 dated January 8, 2008 has made,
constituted and appointed, Jeno Sanchez, treasurer of the Corporation, to be the true and lawful
Attorney-in-Fact and in its name, place and stead, to do, execute and perform the following
specific acts:

1. To mortgage the parcels of land in Kalayaan Islands, Spratlys with TCT No.
123456789 particularly described;

A parcel of land situated in Kalayaan Islands, Spratlys containing an area


of Eighty Six Thousand (86,000) square meters, more or less. more or
less; bounded on the North by the Kalayaan Hotels, on the South by
Kalayaan Beach Resort, on the East by a vacant lot, and on the West by
Pacific Ocean

2. To sign any documents and contracts in connection with the mortgage of the above-
mentioned parcels of land;

As fully and effectively as corporation might do if personally present with full power of
substitution and revocation and hereby confirming all that said representative shall lawfully do or
cause to be done by virtue hereof.

IN WITNESS HEREOF, I have signed this Special Power of Attorney this 9 th day of
January 2008, at Makati City, Philippines.

Shelly Lim
Sanchez
President Treasurer
(Principal) (Attorney-in-fact)

SIGNED IN THE PRESENCE OF:

Eunice Monsod Diaz


Acknowledgement

BEFORE ME, this 9th day of January, 2008 in Makati City, Philippines, personally appeared:

      Name                                    TIN Number                          Date/Place Issued

    SHELLY LIM                           1929292                        Jan 01, 08 / Makati City


 JENO SANCHEZ                          5555555                        Jan 01, 08 / Makati City

known to me to be the same person who executed the foregoing instrument, including the page
whereon the acknowledgments is written and acknowledged before me that the same is her free
and voluntary act and deed and that of the Corporation she represents.

IN WITNESS WHEREOF, I have hereunto set my hand and affixed my notarial seal,
the day, year and place above written.

Ogie Fermo
Notary Public for Makati City
Commission Number 876457
Until December 31, 2008
345 Morato Street, Makati City
PTR Number 987653;01/31/08; Makati City

Doc. Number 22;


Page Number 10;
Book Number 2;
Series of 2008.

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