Board Meeting Minutes October 4,2004

Attendance: Ananda Gunawardena(Chair), Anjana Ratnasara, Jagath Kumara

TC board met from 10AM to 11AM EDT on Oct 4,2004 and adopted the following board resolution.

TextCentric, Inc. Board Resolution

Pursuant to the rules and by laws of TextCentric, Inc., a board meeting was held today, October 4, 2004.

The subject of the board meeting was the reorganization of TextCentric, Inc. Specifically, the distribution of the ownership shares and the reassignment of officers with in the corporation.

Ananda Gunawardena has operated since the inception of the corporation as the majority shareholder, as the Chairman of the corporation and as the President of the corporation.

As of the Oct 4, 2004, the Board action, has reorganized TextCentric, Inc in the following manner.

The Board voted and the following actions have taken place with board approval with regard to officer positions:

  1. Ananda Gunawardena vacates the position of Presidency of TextCentric, Inc. to take place Oct 4, 2004.
  1. Ananda Gunawardena remains the Chairman of TextCentric, Inc.
  1. Anjana Ratnasara is appointed President of TextCentric, Inc. and to hold this position beginning Oct 4, 2004.
  1. Jagath Kumara is appointed Secretary and Treasure of TextCentric, Inc. to be effective on October 4, 2004.
  1. Gordon Freedman will be appointed to the Board of TextCentric, to take effect upon completion of the reorganization of TextCentric, Inc, and upon reaching the financial stability as reported to the board by President Anjana Ratnasara, and adopted by the board but not to effect the assignment of owners percentage and the issuance of stock certificates.
  1. Mark Resmer will be appointed to the Board of TextCentric, to take effect upon completion of the reorganization of TextCentric, Inc, and upon reaching the financial stability as reported to the board by President Anjana Ratnasara, and adopted by the board but not to effect the assignment of owners percentage and the issuance of stock certificates.

The board voted and the following actions have taken place with board approval with regard to ownership of TextCentric. The following indicates the percentage of company ownership as of the allocation voted on by the board on October 4, 2004 to take effect as of October 4, 2004. The board voted that stock allocations will be made in the form of certificates no later than November 30, 2004 and that those allocations will have full information regarding vesting for each participant.

The following allocations of percentage have been assigned by the board as follows with the following vesting schedules:

  1. Ananda Gunawardena
  2. Percentage – 34%
  3. Vesting Period – To be determined within 30 days
  1. Anjana Ratnasara
  2. Percentage – 35%
  3. Vesting Period – To be determined within 30 days
  1. Jagath Kumara
  2. Percentage – 13%
  3. Vesting Period – To be determined within 30 days
  1. Gordon Freedman
  2. Percentage – 15%
  3. Vesting Period – To be determined within 30 days
  1. Steve Tamagni
  2. Percentage – Not allocated yet
  3. Vesting Period – To be determined
  1. Mark Resmer
  2. Percentage – 1%
  3. Vesting Period – To be determined within 30 days

The board certifies that these actions have been voted on in accordance with the rule and by laws of TextCentric, Inc on October 4, 2004. The signatures below so recognize these actions.

Ananda Gunawardena

Chairman of the Board and as President of TextCentric, Inc.

Anjana Ratnasara

President-Elect of TextCentric, Inc.

Jagath Kumara

Secretary & Treasurer

5001 Baum Blvd Suite 418PittsburghPA15213 412-260-8647

3180 Imjin Road, Suite 154 Marina, CA 831 224 6161 831 625 6600