Collateralize Asset

MINUTES OF DIRECTORS MEETING OF

,

A CORPORATION.

The board of directors of held a meeting on at .

The following individual(s) were present at the meeting representing a Quorum and/or all of the Directors of .

Name Title

Also present at the meeting were the following individuals, if any:

Name Title

The Directors noted that they had reviewed and considered granting a lien on to secure a payment of  dollars ($ .00) to  on the terms set forth in the security agreement. Based on this review and consideration by the Directors, the following resolution was unanimously adopted:

RESOLVED, that a lien on to secure a payment of  dollars ($ .00) to  on the terms set forth in the security agreement, which was presented to the Directors for consideration, is hereby authorized to be granted.

RESOLVED FURTHER, that the Officers of this Corporation are authorized and directed to take any action necessary to effectuate the foregoing resolution.

DATE:

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