October 20, 2001

The board meeting of Space Environment Corporation was held in the Conference Room at the Wyndham at 215 W. South Temple, Salt Lake City, Utah, on October 20, 2001.

Present: J. V. Eccles, R. W. Schunk, J. J. Sojka, V.B. Wickwar

Noted absence: W. J. Raitt

Meeting was called to order at 11:50 a.m.

Election of Officers of the Company

J. J. Sojka nominated the following for the officers of the company:

R. W. Schunk President

V.B. Wickwar Vice-President

J. V. Eccles Company Secretary

J. J. Sojka Treasurer

R. W. Schunk seconded the nominations. The above were elected unanimously.

Election of Officers of the Board of Directors

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

W. J. Raitt Chairman of the Board

J. V. Eccles Secretary to the Board

Additional Discussion

J. J. Sojka indicated that items from the previous board meeting remain unaddressed. Specifically, W. J. Raitt needs to write a letter to inform the President of Space Environment Corporation that he, W. J. Raitt, has inherited M.B. Raitt's shares. The Chairman will also itemize share ownership and will provide an attachment to next year's board meeting minutes.

J. J. Sojka moved and J. V. Eccles seconded to adjourn the meeting at noon.


J. Vincent Eccles, Secretary