Board Consent of American Housing Income Trust, Inc. Authorizing Share Issuance to Performance Realty and Others
The Board of Directors of American Housing Income Trust, Inc. has approved, without a formal meeting, the issuance of 999,504 shares previously held by Performance Realty Management, LLC to various individuals and entities, as well as the issuance of 439,897 restricted common shares from the company's treasury to other specified recipients. This action finalizes the share distribution related to a prior Stock Exchange and Restructuring Agreement with Performance Realty. The transfer agent, Issuer Direct, is authorized to carry out these issuances as detailed in the attached exhibits.
BOARD OF DIRECTORS CONSENT IN LIEU OF MEETING REGARDING
SHARE ISSUANCE INSTRUCTIONS
The Board of Directors for American Housing Income Trust, Inc., a Maryland corporation (the “Company”) in furtherance of the prior consents approving and ratifying the Stock Exchange and Restructuring Agreement between the Company and Performance Realty Management, LLC (“Performance Realty”) dated August 1, 2016, but not closed until issuance of the shares set forth herein, hereby consents to the following action in lieu of a meeting:
RESOLVED, Issuer Direct, as transfer agent for the Company, is authorized to issue the 999,504 shares currently titled to Performance Realty bearing OFAC #29847 to those individuals or entities set forth on Exhibit A attached hereto. Issuer Direct is authorized to issue 439,897 shares of restricted common stock out of the Company’s treasury to those individuals or entities set forth on Exhibit B attached hereto.
Dated: August 10, 2016
RESOLVED:
Abstaining from Vote
Sean Zarinegar
Chairman of the Board
/s/ Jeff Howard
Jeff Howard
Director
/s/ Kenneth Hedrick
Kenneth Hedrick
Director
/s/ Les Gutierrez
Les Gutierrez
Director
/s/ James Stevens
James Stevens
Director
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EXHIBIT A
Last Name | First Name | Registered |
Nielsen, Manager | Todd | 3,866 |
Boehmer | Edward | 22,785 |
Boehmer | Edward & Paula | 22,785 |
22,785 | ||
Bollwerk | Albert | 22,785 |
Borkman | Ralph | 7,857 |
Campeau | David & Joan | 22,785 |
Colantonio | Ray | 11,386 |
Creighton | James | 2,619 |
Foerder | Michael | 11,386 |
George | Chris | 7,857 |
Hafner | Jeri L, Vantage | 5,238 |
Hunkler | Michael | 7,857 |
11,386 | ||
Kolanowski, TTE | Joseph | 22,785 |
Kozubal | Michael | 45,582 |
Levine | Jay | 11,386 |
Linebaugh | James | 7,857 |
Lineberger | Jason | 22,785 |
Luke | James "Tom" | 11,386 |
11,386 | ||
MacDiarmid | Don | 7,857 |
11,386 | ||
MacDiarmid | Don | 11,386 |
McCanless | Kurt | 10,476 |
Neilson | Todd | 8,206 |
Nolen | Kenneth | 45,582 |
Paukert | Thomas | 7,744 |
Rees | James | 79,779 |
9,677 | ||
22,785 | ||
Reynolds | Julie | 11,386 |
Reynolds | Julie | 3,417 |
Reynolds | Julie | 2,269 |
Rollins | Scott | 5,238 |
Rollins | Scott | 8,655 |
Schneider | Dennis | 10,251 |
Seward | Paul | 22,785 |
Smith | Paul, L. | 193,766 |
Tapia, Manager | Leroy | 68,380 |
Tognazzini | Arthur | 7,857 |
Tournillion | Nicholas & Audrey | 10,251 |
Visser | Richard & Phyllis | 56,981 |
11,386 | ||
Wade | Jerry | 10,476 |
10,476 | ||
Wells | Roger | 3,866 |
Williams | Doug | 7,857 |
Wright | Robin | 22,785 |
999,504 |
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EXHIBIT B
Last Name | First Name | Restricted |
Nielsen, Manager | Todd | 1,134 |
Boehmer | Edward | 10,548 |
Boehmer | Edward & Paula | 10,548 |
10,548 | ||
Bollwerk | Albert | 7,215 |
Borkman | Ralph | 2,143 |
Campeau | David & Joan | 10,548 |
Colantonio | Ray | 8,614 |
Creighton | James | 714 |
Foerder | Michael | 8,614 |
George | Chris | 2,143 |
Hafner | Jeri L, Vantage | 1,429 |
Hunkler | Michael | 2,143 |
5,281 | ||
Kolanowski, TTE | Joseph | 7,215 |
Kozubal | Michael | 21,085 |
Levine | Jay | 8,614 |
Linebaugh | James | 2,143 |
Lineberger | Jason | 16,017 |
Luke | James "Tom" | 8,614 |
8,614 | ||
MacDiarmid | Don | 2,143 |
11,947 | ||
MacDiarmid | Don | 8,541 |
McCanless | Kurt | 2,857 |
Neilson | Todd | 2,294 |
Nolen | Kenneth | 24,418 |
Paukert | Thomas | 2,164 |
Rees | James | 35,076 |
2,668 | ||
17,215 | ||
Reynolds | Julie | 8,614 |
Reynolds | Julie | 916 |
Reynolds | Julie | 631 |
Rollins | Scott | 1,429 |
Rollins | Scott | 2,392 |
Schneider | Dennis | 2,749 |
Seward | Paul | 6,017 |
Smith | Paul, L. | 64,484 |
Tapia, Manager | Leroy | 21,620 |
Tognazzini | Arthur | 2,143 |
Tournillion | Nicholas & Audrey | 4,150 |
Visser | Richard & Phyllis | 28,352 |
13,614 | ||
Wade | Jerry | 2,857 |
2,857 | ||
Wells | Roger | 1,134 |
Williams | Doug | 2,143 |
Wright | Robin | 10,548 |
439,897 |
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