MINUTES OF THE 12TH ANNUAL BOARD MEETING

OF

SPACE ENVIRONMENT CORPORATION

March 27,1999

The board meeting took place at Wyndham Hotel, 215 W. South Temple, Salt Lake City, Utah, on March 27, 1999. It was called to order at 11:45 p.m.

Present: J.V. Eccles, W.J. Raitt, R.W. Schunk, J.J. Sojka

Election of Officers of the Company

W.J. Raitt nominates the following for the officers of the company:

R.W. Schunk President

W.J. Raitt Vice-President

J.V. Eccles Company Secretary

J.J. Sojka Treasurer

J.J. Sojka seconded the nominations. The above were elected unanimously.

Election of Officers of the Board of Directors

R.W. Schunk nominates W.J. Raitt as Chairman of the Board and J.V. Eccles as Secretary to the Board. J.J. Sojka seconds the nominations. They are elected unanimously. The officers are as follows:

W.J. Raitt Chairman of the Board

J.V. Eccles Secretary to the Board

Additional Discussion

The stock shares of M.B. Raitt are to be inherited by W.J. Raitt. W.J. Raitt is tasked to examine the corporate record to ensure stock ownership details are current.

W.J. Raitt moved and J.V. Eccles seconded to adjourn the meeting at 12:00 noon.

 

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J. Vincent Eccles, Secretary