In October of 2004 Rent Record, Inc. a California Corporation in good standing, changed its corporate name to Repository, I.T., Inc. to emphasize it’s information technology (I.T.) expertise as a data solution provider.  All corporate by-laws, articles and policies remain intact and in full force including the following unanimous written consent of the board of directors:

  UNANIMOUS WRITTEN CONSENT

OF THE BOARD OF DIRECTORS OF

RENT RECORD, INC.

Effective as of January 5, 2004

                The undersigned, being all of the directors of Rent Record, Inc., a California corporation (the “Corporation”), acting pursuant to the provisions of Section 307 of the California Corporations Code, hereby consent to and adopt the following resolutions:

ADOPTION OF STATEMENT OF POLICY

            WHEREAS, it is in the best interests of the Corporation to adopt a Statement of Policy setting forth certain standards pursuant to which the Corporation will operate.  

            RESOLVED, that the Statement of Policy attached hereto as Exhibit A is hereby adopted and approved.

            RESOLVED FURTHER, that the Statement of Policy is hereby appended to and made part of the Bylaws of the Corporation.   

AUTHORITY

RESOLVED, that the officers of the Corporation are authorized and directed to execute all documents and take any action they consider necessary or advisable to carry out the purpose of these resolutions.

EXHIBIT A  

STATEMENT OF POLICY

WHEREAS, the Board of Directors of Rent Record, Inc. (“RRI”) has determined that it is in the best interests of the Corporation, that the Corporation adhere to the standards of conduct set forth in this Statement of Policy.  

RRI shall at all times adhere to the following standards of conduct:

1. The “RRI No List Commitment”.  

To protect our contributors from having their valuable client lists purchased by a competitor, RRI does not, and never will, sell client lists nor will we sell, share or transfer sensitive information of any kind without the express written consent of it’s contributors.

2.  The “RRI $1 Profit Cap Commitment”.  

RRI will never price residential reports to data contributors more than $1 (one dollar) over costs.  The mark-up could potentially be lower but never higher.  The price paid by non-contributors will likely be much higher and should help keep contributor prices relatively low.