8/15/12

RE S O LU TIO N S O F TH E BO A RD O F DIRE

click here to print this page BUSINESS INTERNET BANKING AGREEMENT RESOLUTIONS OF THE BOARD OF DIRECTORS OF _______________________________________________ (the “Company”) WHEREAS, the Board has reviewed State Bank of India’s Internet & Tele-banking agreement and disclosures (the “Agreement”), to be entered into by and between the Company and State Bank of India, California (the “Bank”); and NOW, THEREFORE, BE IT RESOLVED AS FOLLOWS:

1. It is in the best interest of the Company to participate in the Internet services offered by the Bank, such participation to be on the terms and conditions set forth in the Agreement. 2. The Board authorizes and directs the President, or any officer of the Company designated by the President or acting with apparent authority on behalf of Company, acting individually or together, for and on behalf of the Company to negotiate, execute and deliver the Agreement with such terms, covenants, and conditions as such officer may approve, such approval to be conclusively evidenced by the execution and delivery of the Agreement. Use of any of the internet and tele-banking services by the Company will also constitute the Company’s agreement to the Agreement. 3. The Board has considered the security procedures to be utilized in connection with the internet and telebanking services contemplated by the Agreement, and finds that such security procedures are commercially reasonable for the Company. 4. The Board recognizes that internet and tele-banking services allows the Company, through employees specified by its officers to transfer Company funds, obtain balance information, pay bills on-line and to change from time to time the employees who will be able to engage in such transactions. The Board further recognizes that the Bank will not be responsible for verifying whether an internet/tele-banking transaction is originated by an authorized individual. Thus, the Bank will treat a transaction as “authorized”, without verifying that the individual is with the Company or otherwise investigating whether the individual is exercising authority granted by the Company or consistent with any internal limitations on activity established by Company for that individual. Company will be responsible for all internet and tele-banking transactions whether or not by authorized persons and whether or not for authorized purposes.

I certify that I am the Secretary/Acting Secretary of the Board of Directors of the Company, and that the foregoing is a true and complete copy of Resolutions adopted by the Board on ________________________________ [insert date of passage of Resolution] either (a) at a meeting duly called and held, at which a quorum was present and acting throughout, or (b) pursuant to authorized action by unanimous written consent; and further that the above has not been amended, modified, or repealed. I certify under penalty of perjury under the laws of the State of California that the foregoing is true and correct, of my own personal knowledge.

DATE: ______________________

Secretary: __________________________ Print Name: __________________________

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