Fill and Sign the 20 at Time at Form

- 1 - MINUTES OF FIRST BOARD OF DIRECTORS MEETING OF _______________________________ The first meeting of the board of directors of this corporation was held on __________ , 20 __ , at [time], at __________________ . Present at the meeting were the following persons: _____________________________________________________________________________________________________________________________________________________________________________________________________________, all of whom are designated as directors of this corporation in the Articles of Incorporation.The following persons were also present:Name Title/Affiliation_________________________________________ _________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________1._________________________________________ was elected as the temporary Chairperson of the Board. _________________________________________ was elected as the temporary Secretary of the Board. 2.The Chairperson announced that the meeting had been duly called by the Incorporators of the corporation, called the meeting to order, and determined that a quorum was present. 3.The Secretary then presented an Affidavit of Mailing of Notice or a Waiver of Notice of the Meeting, which was signed by all directors. Upon motion made and carried, the Secretary was ordered to attach the Affidavit of Notice or the Waiver of Notice to the minutes of this meeting. - 2 - 4.The Chairperson reported that the Articles of Incorporation had been duly filed with the State of ________________ on _______________, 20 ___ , and that the incorporation was effective as of ________________ , 20 ___. Upon motion made and carried, it was ordered that a copy of the Articles of Incorporation be attached to the minutes of this meeting.5.Upon motion made and carried, the Board of Directors RESOLVED that: The joint and individual acts of _________________________________________ and _________________________________________, the incorporators of this corporation, which were taken on behalf of the corporation, are approved, ratified, and adopted as acts of the corporation.6.The following persons were elected as officers of the corporation to serve until the firstannual board of directors meeting:_________________________________________, President_________________________________________, Vice-President_________________________________________, Treasurer_________________________________________, Secretary7.Upon motion made and carried, the annual salaries of the officers were fixed at the following rates until the next annual meeting of the board of directors: President $ ______________ Vice-President $ ______________ Secretary $ ______________ Treasurer $ ______________8.Upon motion made and carried, the board of directors RESOLVED that: The officers of this corporation are authorized and directed to pay all fees and expensesnecessary for the organization of this corporation. The officers are also directed to procure and prepare the necessary books for corporate accounting.9. Upon motion made and carried, the board of directors RESOLVED that: The officers of this corporation be authorized and directed to open a bank account with - 3 - _______________ located at _______________ and to deposit all funds of the corporation into this account, with checks payable upon the corporate signature of __________ only. Further RESOLVED that the officers of this corporation are authorized to execute any formal Bank Resolutions and other documents which may be necessary to open such an account. A copy of the formal Bank Resolution for opening this account is hereby adopted and ordered to be attached to the minutes of this meeting.10. A copy of the proposed By-Laws of the corporation was presented at the meeting andread by each director. Upon motion made and carried, the board of directors RESOLVED that: The proposed By-Laws of this corporation are approved and adopted. A copy of these By-Laws are ordered to be attached to the minutes of this meeting.11.The following persons have offered to transfer the property or money listed below to the corporation in exchange for the following number of shares of common capital stock in the corporation:NameProperty or Money Number of Shares __________________________ __________________________ ____ ____________________________________________________ ____ ____________________________________________________ ____ ____________________________________________________ ____ ____________________________________________________ ____ ____________________________________________________ ____ Upon motion made and carried, the board of directors RESOLVED that: The assets proposed for transfer are good and sufficient consideration and the officers aredirected to accept the assets on behalf of the corporation and to issue and deliver the appropriate number of shares of stock in this corporation to the respective persons. The shares of stock issued shall be fully-paid and non-assessable common capital stock of this corporation.12.Upon motion made and carried, the board of directors RESOLVED that: - 4 - The fiscal year of this corporation shall begin on __________ and end on __________ . This corporation shall report its income and expenses on a(n)_____ basis.13. The following other business was conducted: _________________________________.There being no further business, upon motion made and carried, the meeting was adjourned.Dated: _________________, 20 ___[Seal] _________________________________________ [Signature] _________________________________________ [Print Name] Secretary of the Corporation