BOARD OF DIRECTORS' RESOLUTION DECLARING A REGULAR DIVIDEND
Upon a duly made, seconded and unanimously carried motion, the following resolution was adopted by the Board of Directors: WHEREAS, the financial statement submitted to the Board of Directors by the Treasurer of this Corporation reveals that there continues to be a surplus resulting from the Corporation's operations since the last quarterly report submitted by the Treasurer on [DATE], and that the surplus now amounts to [N] Dollars ($[N]), it is hereby: RESOLVED, that a portion of the aforementioned surplus, in the amount of [N] Dollars ($[N]), be set aside for the purpose of paying a dividend on the common stock of this Corporation, and the Treasurer is hereby directed to pay a dividend of [N] Dollars ($[N]) per share on all shares of common stock issued and outstanding to those shareholders who were shareholders of record on [DATE]. The undersigned, [N], certifies that I am the duly appointed Secretary of [COMPANY NAME] 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 [DATE], and that such resolution is now in full force and effect. IN WITNESS THEREOF, I have affixed my name as Secretary of [COMPANY NAME] Corporation.
Dated: [DATE]
___________________ Secretary