Board of Directors Resolution Declaring A Regular Dividend

Pursuant to a duly made, seconded, and unanimously carried motion, the following resolution was adopted by the Board of Directors:

WHEREAS, there continues to be a surplus existing due to the normal business operations of said Corporation since the last quarterly report submitted by the Treasurer on the ______________ day of _____________, 20 ____, and said surplus now amounts to a total of __________________________________ dollars ($___________), it is hereby:

RESOLVED, that a portion of the aforementioned surplus, in the amount of ___________ dollars ($____ ), will be set aside for the sole purpose of paying a dividend on the common stock of this Corporation, and it is

FURTHER RESOLVED that a dividend of ____________ dollars ($_____________) per share on all shares of common stock issued and outstanding to those shareholders who were shareholders of record on the ________________ day of _________________, 20_____ will be paid by the Treasurer of said Corporation.

The undersigned, ___________________________, certifies that he or she is the duly appointed Secretary of __________________________ Corporation and that the above is a true and correct copy of a resolution duly adopted at a meeting of the directors thereof, convened and held in accordance with law and the Bylaws of said Corporation on ______________, 20____, and that such resolution is now in full force and effect.

IN WITNESS THEREOF, I have affixed my name as Secretary of __________________ Corporation and have attached the seal of _______________________ Corporation to this resolution.

Date:____________________________________ ____________________________