MINUTES OF THE SPECIAL MEETING OF THE

BOARD OF DIRECTORS OF ______________________

PRESENT: ALSO PRESENT:

1. Call to Order

The President, Mr., called the meeting to order and presided over the same. The
Secretary, recorded the minutes of the proceedings.

2. Insurance and Surety Company Inc.

The Chairman announced that this meeting was called to consider the proposal of
management that the Corporation (a) apply for a Surety Bond, and (b) enter into contracts
with Insurance and Surety Company Inc. (the “Contracts”).

After consideration, and on motion duly seconded, the Board approved the
following resolution:

“RESOLVED, That the Board of Directors of (the ‘Corporation’)

authorize, as it hereby authorizes, the Corporation (a) to apply for a Surety
Bond, and (b) to enter into contracts with Insurance and Surety Company
Inc. (the ‘Contracts’);

“RESOLVED FURTHER, That the Treasurer, be, as she is hereby,

authorized, (a) to negotiate with Insurance and Surety Company Inc. and
agree to such terms and conditions of the Contracts as they may deem to be
in the best interest of the Corporation, (b) to sign, execute, and deliver any
and all such Contracts, as well as such agreements and documents as may be
necessary or required for the implementation of the Contracts, (c) to effect
extensions, renewals, amendments, modifications, or supplements thereto,
whether such extensions, renewals, amendments, modifications, or
supplements are in the nature of new or separate transactions, and (d) to
sign, execute, and deliver, for and in behalf of the Corporation, all
documents, papers, and deeds that may be required by Insurance and Surety
Company Inc. from time to time in connection with the Contracts.”

3. Adjournment

There being no further business to transact, the meeting was thereupon adjourned.

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ATTEST:

President Treasurer

Secretary Director

Assistant Secretary Director

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