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EXHIBIT 1.26
RESOLUTION
WRITTEN CONSENT OF DIRECTORS OF
ACCESSPOINT CORPORATION
a Nevada Corporation
The undersigned, being all or a quorum of the members of the Board of
Directors of Accesspoint Corporation, a Nevada Corporation ("Corporation"), do
hereby consent in writing to the adoption of the following resolution.
WHEREAS, this Corporation obtained a loan on August 29, 2000, from Pacific
Capital Group Limited in the principal amount of $250,000.00 ("Loan");
WHEREAS, this Corporation and the above lender have agreed to convert the
Loan into common stock of this Corporation at a conversion rate of $1.685
per share;
WHEREAS, it is deemed to be in the best interest of this Corporation, and
its shareholders, to issue to the above lender 148,368 shares of common
stock of this Corporation as and for conversion of the Loan;
WHEREAS, it is deemed to be in the best interest of this Corporation, and
its shareholders, to instruct this Corporation's stock transfer agent,
Pacific Stock Transfer Company, to immediately issue the foregoing shares
to the above lender;
NOW, THEREFORE, BE IT RESOLVED, that this Corporation convert the Loan into
common voting stock of this Corporation and pursuant thereto issue to the
lender thereof, 148,368 shares of common voting stock of this Corporation,
and that the officers and directors of this Corporation be, and hereby are,
authorized and empowered to execute such documents and instruments and
perform such acts as may be necessary or proper to carry out the purpose
and intent of these resolutions;
RESOLVED FURTHER, that the action of the officers and directors of this
Corporation heretofore perform in furtherance of the purpose and intent of
this resolution be, and hereby are, adopted, approved, and ratified in
full.
This consent has been executed pursuant to Section 307(b) of the California
Corporations Code and Section 78.315(2) of the Nevada Revised Statutes. The
Board of Directors thereupon instructed the Secretary of the Corporation to
place a copy of the above resolutions in and among the minutes of the
Corporation.
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Dated: August 25, 2000
/s/ Tom M. Djokovich
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Tom M. Djokovich, Director
/s/ James W. Bentley
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James W. Bentley, Director
/s/ Tamara A. Djokovich
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Tamara A. Djokovich, Director
/s/ Alfred Urcuyo
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Alfred Urcuyo, Director
/s/ Mark Deo
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Mark Deo, Director
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