A RESOLUTION APPROVING AND RATIFYING THE AMENDMENT TO LOAN AGREEMENT SIGNED AND EXECUTED BETWEEN THE CITY GOVERNMENT OF TAGUM AND THE PHILIPPINE NATIONAL BANK (PNB) WITH ALL THE TERMS AND CONDITION THEREOF RELATIVE TO THE REPRICING OF THE INTEREST FOR THE TERM LOAN DATED APRIL 7, 2011, AMOUNTING TO ONE HUNDRED SIXTY TWO MILLION (P 162,000,000.00) PESOS TO FUND THE THEN ON-GOING
CONSTRUCTION OF THE NEW CITY HALL BUILDING.