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Resolution: 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 issue to _______________, or his 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 __________, 20 ___.

A TRUE RECORD.

ATTEST.

Secretary