02 THE BOARD OF DIRECTORS

The annual meeting of the voting members shall follow

the Following:

Order of business:

Call to order by the Chairman Proof of the requirement notice of the meeting; Certification of quorum; Reading of the minutes of the previous meeting and action taken thereof; Annual report of the Treasurer; Annual report of the Chairman; Official Report of the Official concerned: Transaction of pending and new business; Election of the Board of Directors; Proclamation of the elected Board of Trustees; Other business; Adjournment.

SECTION I: COMPOSITION AND CONTROLLING POWER OF THE BOARD

The direct government and controlling body of Trojan Horse International (TULIP) Phils. Incorporated, is vested on the Board of Directors as elected by the voting members during the annual Meeting held every year.

SECTION 2: TENURE OF OFFICE OF THE BOARD MEMBERS