Also present at the meeting were the following individuals, if any:
The Directors noted that they had reviewed and considered the election to be treated as an S Corporation by the IRS for tax purposes. Based on this review and consideration by the Directors, the following resolution was unanimously adopted:
RESOLVED, that the Corporation elect to be treated as an S Corporation by the IRS for tax purposes.
RESOLVED FURTHER, that the Officers of this Corporation are authorized and directed to take any action necessary to effectuate the foregoing resolution.