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EXHIBIT 10.1

CORPORATE RESOLUTION OF THE BOARD OF DIRECTORS
OF
SIMLATUS CORPORATION

The following is a true copy of the resolution duly adopted by the Board of
Directors of this Corporation at a special meeting, notice to this meeting
having been waived, held via teleconference at 175 Joerschke Dr., Suite A, Grass
Valley, CA 95945 on May 19, 2016.

The Members of the Board of Directors who were present for this meeting, all of
whom took active part therein were:

Mike Schatz
Gary Tilden
Robert Stillwaugh

WHEREAS, the Board of Directors of the Corporation have agreed to cancel the
exploration and development costs and the acquired oil and gas leased properties
in California associated with Direct Capital Group, Inc.; whereas Simlatus
Corporation and Direct Capital Group executed an agreement (See Exhibit-A) from
Direct Capital Group Inc., to cancel the following note(s);
 

   
Original
     
Current
   
Principal
   
P & I
     
Principal
 
Original
 
Interest
   
Balance
   
Balance
 
Payee
 
Amount
 
Date
 
Rate
   
19/03/2016
   
19/03/2016
 
Direct Capital Group
    80,000  
02/29/16
    8.00 %     80,000.00     $ 81,298.00  
Direct Capital Group
    80,000  
01/31/16
    8.00 %     80,000.00     $ 81,806.00  
Direct Capital Group
    80,000  
12/31/15
    8.00 %     80,000.00     $ 82,350.00  
Direct Capital Group
    80,000  
11/30/15
    8.00 %     80,000.00     $ 82,893.00  
Direct Capital Group
    80,000  
10/31/15
    8.00 %     80,000.00     $ 83,818.00  
Direct Capital Group
    240,000  
03/31/15
    8.00 %     24,000.00     $ 282,319.00  
Direct Capital Group
    360,000  
01/01/15
    8.00 %     360,000.00     $ 423,204.00  
Direct Capital Group
    48,000  
10/31/14
    8.00 %     45,157.00     $ 49,572.00  
Direct Capital Group
    360,000  
10/01/14
    22.00 %     360,000.00     $ 463,029.00  
Direct Capital Group
    48,000  
07/31/14
    22.00 %     -     $ 8,919.00  
Direct Capital Group
    48,000  
04/30/14
    22.00 %     23,000.00     $ 38,060.00  
Direct Capital Group
    16,000  
02/28/14
    22.00 %     -     $ 3,561.00  
Direct Capital Group
    16,000  
01/31/14
    22.00 %     -     $ -  
Direct Capital Group
    16,000  
12/31/13
    22.00 %     -     $ -  
Direct Capital Group
    16,000  
11/30/13
    22.00 %     -     $ -  
Direct Capital Group
    16,000  
10/31/13
    22.00 %     -     $ -  
Direct Capital Group
    11,000  
08/31/13
    22.00 %     -     $ -  
Direct Capital Group
    14,072  
07/31/13
    22.00 %     72.00     $ 5,013.00  
Direct Capital Group
    11,000  
07/31/13
    22.00 %     -     $ -                                      
TOTALS
  $ 1,620,072.35               $ 1,212,229.00     $ 1,685,842.00  

 
NOW, THEREFORE, BE IT:

RESOLVED, that the Company acknowledges the agreement with Direct Capital Group,
Inc. to extinguish certain notes.

The undersigned, do hereby certify that we are members of the Board of Directors
of the Corporation; that the attached is a true and correct copy of resolution
duly adopted and ratified at a meeting of the Board of Directors of the
Corporation duly convened and held in accordance with its by-laws of the State
of Nevada, as transcribed by us from the minutes; and that the same have not in
any way been modified, repealed or rescinded and are in full force and effect.

IN WITNESS WHEREOF, We, have hereunto set our hands as Chief Executive Officer
and Members of the Board of Directors of the Corporation.

Acknowledged by:

/s/ Gary B.
Tilden                                                                           05-19-2016

Gary B. Tilden,
CEO                                                                      Date

/s/ Mike
Schatz                                                                             
05-19-2016

Mike Schatz,
COO                                                                          Date

/s/ Robert
Stillwaugh                                                                   
05-19-2016

Robert L Stillwaugh, Chairman                                                   
Date

 
 

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