Resolution of the Board of Directors of Galaxy Holdings

The undersigned, constituting all of the members of the Board of Directors (the “Board”) of Galaxy Holdings, a TX LLC (the “Corporation”), acting pursuant to the General Corporation Law of the State of TX and the Bylaws of the Corporation, hereby adopt the following resolutions by written consent without a meeting, effective as of .

1. Subject of the Resolution

The Board has considered the following matter (the “Subject”):

2. Background and Findings

The Board has reviewed the relevant facts and information presented to it concerning the Subject, has determined that the actions set forth below are in the best interests of the Corporation and its stockholders, and now wishes to take action with respect thereto.

3. Resolutions

NOW, THEREFORE, BE IT RESOLVED, that the Board hereby approves and adopts the following:

4. Authorization of Officers

RESOLVED FURTHER, that the officers of the Corporation are, and each of them acting alone is, hereby authorized and directed, in the name and on behalf of the Corporation, to execute and deliver all such agreements, certificates, instruments, and documents, and to take all such further actions, as they may deem necessary or advisable to carry out the purpose and intent of the foregoing resolutions.

5. Ratification

RESOLVED FURTHER, that all actions previously taken by any officer or director of the Corporation in connection with the matters contemplated by the foregoing resolutions are hereby ratified, approved, and confirmed in all respects.

6. Effectiveness and Counterparts

RESOLVED FURTHER, that this written consent shall be effective as of the date first written above, may be executed in counterparts and by electronic signature, and shall be filed with the minutes of the proceedings of the Board.

Director

Name: Michael Yuan
Title: General Manager
Date:

Director

 

Name:
Title:
Date: