Attached files
CAPITAL RESERVE CANADA
RESOLUTION
OF THE DIRECTORS OF CAPITAL RESERVE CANADA LIMITED
The undersigned, being all
of the Directors of the Corporation, take the following actions effective
as of this 2nd, day of September 2009, as if passed by resolution at a
duly called and attended meeting. BE IT RESOLVED:
Authorization
be given for the company (CRC) to apply for and complete the
"DRAWDOWN EQUITY FINANCING AGREEMENT" ,and the "REGISTRATION RIGHTS AGREEMENT'
along with any conditions within the contract's between Auctus Private Equity
Fund, LLC and CRC. As a condition of the financing agreement, CRC must prepare
and file with the SEC a Registration Statement on form S-1.
Authorization
be given for the company (CRC) to complete a Drawdown Notice for the
amount of 10 million dollars to be issued in shares In the company as outlined in the
"DRAWDOWN EQUITY FINANCING AGREEMENT"
Authorization
be given for the company transfer agent "Holladay Stock Transfer" to complete
the requested Drawdown Notice for the amount of 10 million dollars to be
issued in shares in the company as outlined In the " DRAWDOWN EQUITY
FINANCING AGREEMENT"
BE IT RESOLVED THAT this
resolution may be signed in as many counterpart as may be necessary, each of
which so signed shall be deemed to
be an original (and each signed copy sent by electronic facsimile shall
be deemed to be an original) .and such counterparts together shall
constitute one and the same instrument and not withstanding the date of shall be
deemed to bear the date as set forth above.
The
foregoing Resolution is hereby passed by the Directors of the Corporation,
Pursuant to the Business Corporation Act. this 2nd day
of September, 2008.
/s/ Don
Getty
/s/ Michael Dolinski
Don
Getty, Michael
Dolinski
Chairman
of
Board Board
of Directors
Capital
Reserve Canada
Ltd. Capital
Reserve Canada Ltd.
/s/ Steve Claussen
Steve Claussen
CEO/President
Capital Reserve Canada Ltd.
Capital Reserve Canada Ltd.