The annual meeting of the Board of Directors of the Corporation was held at the office of the corporation, on _______________, 19__, immediately following the annual meeting of shareholders of the Corporation.

The Director present was __________________.

Temporary Chairman was nominated and elected and acted as such until relieved by the President, same being _________________.

The Chairman then presented and read to the meeting a Waiver of Notice of meeting, subscribed by all of the Directors of the Corporation.

Upon a motion duly made, seconded and unanimously carried, it was:

RESOLVED, that the Chairman be requested to cause the same to be spread at length upon the minutes.

The Chairman then stated that nominations for officers of the Corporation were in order. The following persons were nominated and thereupon elected to the position opposite their names to serve until their successors are elected and qualified:

________________________    PRESIDENT

________________________   VICE PRESIDENT

________________________    SECRETARY

________________________    TREASURER

The President, Vice President, Secretary and Treasurer thereupon assumed their respective offices.

The President then presented and read the minutes of the annual meeting of shareholders of this Corporation, and the same were, on motion duly made, seconded and unanimously carried, in all respects ratified and adopted by this Board of Directors.

There being no further business to come before the meeting, upon motion duly made, seconded and unanimously carried, the same was adjourned.

DATED: ______________, 19__

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