Authorization For Issuance Of Shares

Whereas, at a meeting of the board of directors of the ______________________ Corporation  (hereinafter sometimes referred to as the "Corporation"), it was resolved that the Corporation  accept the offer of _________________ attached hereto, and issue ____ percent of the authorized  capital stock of the Corporation, fully paid and non-assessable; and

Whereas, ____________________, as the sole owner of the real estate situated in the City of __________________, County of _______________________, State of ______________, has offered to sell to the Corporation the real estate, as more fully described in the offer attached  hereto, in return for ________ percent of the authorized stock of this corporation; and Whereas, the real estate is valuable for the use and lawful purposes of the Corporation;

Now, therefore, be it resolved that the offer made by ______________ to the Corporation is accepted.  Resolved further that the secretary of the Corporation shall promptly deliver to the offeror, a certified copy of the minutes of this meeting.

Resolved further that the president of the Corporation execute and deliver to the offeror, ______ certificates of stock for ______ shares of the Corporation, which shares shall constitute  ________ percent of the authorized capital stock of the Corporation fully paid and non-assessable, on receipt from the offeror, of a warranty deed transferring the real estate to the Corporation.

Resolved further, that all prorations and adjustments for items including, but not limited to, taxes, interest, insurance and rents, shall be made as of the date of the transfer according to the local custom in the real estate industry.

By the Board of Directors, this Resolution is adopted this

______ day of _________________ 201(x)

________________________________________

Chairman, Board of Directors

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