BOARD OF DIRECTORS MEETING

Insert Your Company Name

In Santiago of Chile, on 13:45 hours, at the offices located in Number, Street, City, Country, Postal ,
takes place the board of directors (the “Board”), meeting of Insert Your Company Name (the
“Company”).

I. ATTENDANCE.

The meeting was attended by the Board members Full Name Full Name .
Also attended Full Name , who acted as ad-hoc secretary to the Board. The
director Full Name acted as president.

It is expressly stated that in accordance with article 47 of Law No. 18.046 about Corporation,
directors Full Name and Full Name if attend via phone attended this meeting via tele-conference,
being connected continuously and uninterruptedly.

II. OBJECT.

The President proposes the Board, to issue Founder Institute, Incorporated a warrant (the “Warrant”)
to purchase shares of the Company’s capital stock, which is in the best interests of the Company and
its stockholders.

In order to issue the corresponding Warrant, all directors attending agree that the form, terms and
provisions of the Warrant are hereby approved, adopted and confirmed, and that the shares of the
Company’s capital stock purchasable upon exercise of the Warrant (the “Warrant Stock”) and any
Common Stock issuable upon conversion thereof are hereby set aside and reserved for issuance.

Also, the Board resolves that:

1. The Warrant Stock and any Common Stock issuable upon conversion thereof shall be validly
issued, fully paid and nonassessable when issued in accordance with the terms of the Warrant
and the Company’s Certificate of Incorporation, and the issuance of such shares of capital
stock is hereby approved.

2. The exercise price per share of the Warrant Stock set forth in the Warrant is hereby approved
and deemed to be fair and reasonable to the Company’s stockholders.

FI Board Consent_Chile.doc
 3. The appropriate officers of the Company be, and each of them hereby is, authorized and
directed, for and on behalf of the Company, to execute and deliver the Warrant to Founder
Institute, Incorporated.

4. The appropriate officers of the Company be, and each of them hereby is, authorized and
directed, for and on behalf of the Company, to execute and submit any and all documents to
comply with all applicable state and federal securities laws in connection with the issuance of
the securities contemplated hereby.

5. That the officers of the Company be, and each of them hereby is, authorized and empowered
to take any and all such further action, to execute and deliver any and all such further
agreements, instruments, documents and certificates and to pay such expenses, in the name
and on behalf of the Company or such officer, as any such officer may deem necessary or
advisable to effectuate the purposes and intent of the resolutions hereby adopted, the taking
of such actions, the execution and delivery of such agreements, instruments, documents and
certificates and the payment of such expenses by any such officer to be conclusive evidence
of his or her authorization hereunder and the approval thereof.

6. That any and all actions taken by the officers of the Company to carry out the purposes and
intent of the foregoing resolutions prior to their adoption are approved, ratified and
confirmed.

III. CERTIFICATION.

In accordance with article 47 of Law 18,046 about Corporations, the president Full Name
and the secretary Full Name , hereby certify that Full Name and Full Name if attend via phone,
were permanently and interruptedly present at the meeting by tele-conference.

IV. REDUCTION TO PUBLIC DEED.

The Board agreed by the unanimity of the directors attending the meeting, to authorize
Full Name , for, acting jointly or separately each one of them, may turn
into public deed the entirety or part of this Board of Directors’ minute if it is necessary; and the
bearer of a copy of the same, to request the corresponding inscriptions, subinscriptions, annotations
and publications.

There being no further business to discuss by the Board, the meeting was adjourned at 15:45 hours.

[signature page to follow]

FI Board Consent_Chile.doc
_________________________________ _________________________________
Name: Full Name Name: Full Name

President Secretary

{BAZ: 0195066.DOC v.3} FI Board Consent_Chile.doc