RESOLVED WHEREAS, this Board of Directors has discussed and determine that it is in the best interests of this Corporation to provide for the automotive transportation expenses of the President [or other OFFICER or EMPLOYEE], “Key Employee.” The vehicle currently operated by the Key Employee is a [MAKE AND MODEL OF VEHICLE, INCLUDING VIN], the “Vehicle.” Therefore it is RESOLVED that the Corporation is authorized and directed to pay any [LOAN OR LEASE] payments associated with this vehicle, due from the Key Employee and due to [LENDING INSTITUION], such [LOAN OR LEASE] as presented in its entirety in the copy of the document attached hereto as Schedule 1. It was also FURTHER RESOLVED that the Corporation shall pay all related transportation, maintenance, insurance, fees, operating, and upkeep expenses incurred by Key Employee in operating the Vehicle, such payments to be made either directly to the various vendors, through reimbursement to Key Employee’s credit card accounts used to pay such expenses, or directly to Key Employee upon submission of a properly completed, documented and approved expense report to the Corporation. The Corporation shall report all transactions associated with Key Employee’s vehicle and expense payments to the IRS and state authorities as required by law.