Corporate Resolutions

Resolution to Sell Corporate Shares

WHEREAS, has duly subscribed for
() shares of the common stock for the aggregate subscription price of $ (), and

WHEREAS, the Board of Directors deems it to be in the best interests of the Corporation to accept said subscription; be it:

RESOLVED, that the Corporation does hereby accept the stock subscription of to purchase () shares of the Corporation for $ () and, it is

RESOLVED FURTHER, that upon tender of the subscription price, the Treasurer of the Corporation is to issue to , or his/her nominee,
() shares of the no-par value common stock.

The undersigned hereby certifies that he/she is the duly elected and qualified Secretary and the custodian of the books and records and seal of ,a corporation duly formed pursuant to the laws of the state of and that the foregoing is a true record of a resolution duly adopted at a meeting of the and that said meeting was held in accordance with state law and the Bylaws of the above-named Corporation on ,and that said resolution is now in full force and effect without modification or rescission.

IN WITNESS WHEREOF, I have executed my name as Secretary and have hereunto affixed the corporate seal of the above-named Corporation this , of .