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DocuSign Envelope ID:71A54OD4-95BC-4724-9E65-6A85543C95A9 <br /> CERTIFICATE OF CORPORATE RESOLUTION <br /> AND AUTHORIZATION TO BORROW <br /> RESOLVED, that J. BEAU BENNETT, LLC, a North Carolina limited liability company <br /> (hereinafter the "Company"), having its executive offices in the Town of Hillsborough, State of <br /> North Carolina, may negotiate and procure loans from the Orange County (the hereinafter the <br /> "Lender") up to an amount not exceeding Twenty thousand dollars and 00/100($20,000.00) in <br /> the aggregate at any one time outstanding on such terms and conditions as said members <br /> hereinafter authorized deem proper. <br /> RESOLVED FURTHER, that the following members of this Company, J. Beau Bennett and <br /> Lauren E. Bennett,the Managing Members of the Company, are hereby authorized, <br /> empowered and directed to perform the following acts and deeds in the name of and on behalf <br /> of this Company: <br /> (a) To pledge collateral to secure and/or guarantee the indebtedness and obligations of <br /> Company and its members, pursuant to any one or more of the following: loan and <br /> security agreement, guaranty agreement or other security agreement (the <br /> "Documents") in favor of Lender as such officer deems advisable or appropriate to <br /> guarantee payment and secure performance of all obligations of Borrower to Lender; <br /> and <br /> (b) To give security for any liabilities of the Company to Lender, by pledge, mortgage, <br /> assignment, security interest, or other lien upon any real or personal property, tangible <br /> or intangible, of the Company, and to execute in such a form as may be required by the <br /> Lender all notes and other evidences of such loans, all instruments of pledge, <br /> assignments, security interest, or other lien, and all financing and other agreements <br /> with Lender relating to the terms and conditions upon which any such loans may be <br /> obtained and to the security to be furnished by this Company therefore and which shall <br /> become a binding obligation in accordance with its terms when signed by both parties; <br /> and <br /> (c) To modify, supplement or amend such agreements, guarantees, notes or other writings, <br /> any such terms or conditions thereof, and any such security; and <br /> (d) To pledge, assign, guarantee, mortgage, cosign, grant security interest in and otherwise <br /> transfer to Lender additional security and collateral for any and all debts and obligations <br /> of this Company whenever and however arising; and <br /> (e) To do and perform all other acts and things deemed by and such officer of agent <br /> necessary, convenient, or proper to carry out any of the contents of these resolutions; <br /> hereby ratifying, approving and confirming all that any such officers or agents have done <br /> or may do relating to the loan given by Lender. <br /> RESOLVED FURTHER that the foregoing resolution shall remain in full force and effect <br /> until written notice of their amendment or recession shall be received by Lender, and that <br /> receipt of such notice shall not affect any action taken by said Bank prior thereto; and <br /> 1 <br />