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inthe event the' Corporation's deductions for salary, rent, trove] and entcrminment, etc., paid to stockholder -executive are disallowed: and, W M -R I --.AS, the Chairman noted that it was in order to elect officers forthe cnsri ng year. Noitnitratiows were, flirty made and seconded For the fallowing: President; WILLIAM J. SKEFFINGTON Secretary JOHN W. SKEFFINGTON Chief FinancialOfficer: JO.t3NW,SKEFFINGTON WHEREAS, the Board of Directurs coneludc that it in die hest interest of the Corporationkrod its sbareholdexs that the Lola] officersalaries, wages, includingbonuse.a, for the ensuing yiir be approximately equal to the tbllowiog; Total Officer Compensabor: $-0- WHEREAS, die Board of Directors>citodude that it is in the best interest of the Curpormion and its shareholders. to authorize WILLIAM I SKEFFINGTON as President or JOHN W. SKEFFINGTON as Chief Financial Officer and Secretary to enter into contracts on bcttalf of the Corporation. THEREFORE, the following resolutions are hereby adopted RESOLVED, that the undersigned Directors hereby agree that any business transacted without notice pursuant to this resolution shalt betas valid and legal and have the sauce force; and -effect as thought notice had been duty given,: and, RESOLVED, that all contracts and agreements entered into by on behalf ofthe Corporation by an authorized officer of the Corporation during the "current fiscal year" be and they are hcreby appiavod„ and, RESOLVED, that all loans made to or by this Corporation for the benefit of its shareholders, tis rcllected in ttais Corporation's :books and records,, and the terms for repayment id'such loans, be and they hereby are approvod; and, RE SU VE,D, that the Directors of this Cor,p0ration hereby affirm all other actions previously taken by the officers of the C'orporatol;and;: RESOLVED, the Directors accept and approve the annual report as outlined hereinabove Cts containing accurate figures for 2014; and, RESOLVED, that any pay ricutor payments made to as officer or eiriployee of this Corporation such as salary, eoirmussious ox bonuses, or business expense ine urre lay such officer or employee, which shall be disallowed ins -whole or in part as a deduction expense to this Corporation by the Internal Revenue Service, and/or: the California Franchise Tax Board, shall be reimbursed by such of[ioer and employee to the Corporation to the frill extent and the anutuat of ,aid ctisaliowan= It shall be the duty of the Board of Directors; as a Board, to "force payment by die officer or employee, subject to tate determination of the Board ofDuciiors, proportionate amounts may be withheld from Such officers, or employees' ritteue compensation until the amount owed to the Corporation shall be fully Page 2'