MINUTES OF THE TWELFTH ANNUAL GENERAL MEETING

OF

SPACE ENVIRONMENT CORPORATION

March 27, 1999

The twelfth annual general meeting of Space Environment Corporation was held at Wyndham Hotel, 215 W. South Temple, Salt Lake City, Utah, on March 27, 1999, the board of directors and shareholders having been informed by letter of the change of date.

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

The meeting was called to order by the president at 9:25 a.m.

Minutes of the Tenth Annual General Meeting

R.W. Schunk moved to accept the minutes of the tenth Annual General Meeting. J.J. Sojka seconded the motion. The motion was passed unanimously.

Due to extenuating circumstances, Space Environment Corporation did not have an annual general meeting for fiscal year October 1996 to October 1997 (the 11th Annual General Meeting.) However, informal meetings were held to discuss company business during that year.

President's Report, 1997-1998

See attached sheets

Additional comments

Lara Sojka will be leaving Space Environment Corporation at end of June 1999. Susan Sojka is currently being trained to replace Lara.

J.J. Sojka moved that the president's report be accepted, W.J. Raitt seconded the motion. It was approved unanimously.

Treasurer's Report

See attached sheets.

R.W. Schunk moved that the treasurer's report be accepted, J.V. Eccles seconded the motion. It was passed unanimously.

Commercialization

W.J. Raitt recommends keeping records of presentations, proposals, contracts, and publications for future advertising. Space Environment Corporation activities and products should be visible on the corporate web pages.

R.W. Schunk and J.J Sojka will examine with accountant and legal counsel issues of liabilities, profit, audit, patent and copyright associated with commercialization ventures. W.J. Raitt will examine Statement of Incorporation and determine if it is sufficiently general to accommodate new commercial ventures.

J.V. Eccles moved and J.J. Sojka seconded to adjourn the meeting at 11:30 am.

 

____________________________________

J. Vincent Eccles, Secretary