exhibit10_4.htm -- Converted by SEC Publisher, created by BCL Technologies Inc., for SEC Filing

EX-10 5 exhibit10_4.htm EX10_4 exhibit10_4.htm -- Converted by SEC Publisher, created by BCL Technologies Inc., for SEC Filing

Exhibit 10.4

The Board discussed relocation of John Ivy’s primary residence from Texas to California and agreed to purchase the house in Texas to facilitate the move. Upon a motion duly made by Robert Montgomery and seconded by Rogers Brandon, it was unanimously approved to purchase John Ivy’s Texas house for $381,000 based on a recent appraisal.