UNANIMOUS WRITTEN CONSENT IN LIEU OF SPECIAL MEETING
OF THE
BOARD OF DIRECTORS
OF
SATX, INC.
The undersigned, constituting all of the directors of the above named
corporation, hereby consent in writing, pursuant to NRS 78.315, to the adoption
of the following recitals and resolutions.
APPROVAL OF AGREEMENT AND AUTHORIZATION TO ISSUE STOCK
RESOLVED, that SATX, Inc. be authorized to enter into that certain Stock
Purchase agreement dated June, 2000 by and between SATX, Inc. and Terry Byrne
("Agreement"), and the revision executed on June 23, 2000, which is attached
hereto as Exhibit "A" and by this reference incorporated herein.
RESOLVED FURTHER, that Merritt Jesson, President and CEO, be and hereby
is authorized to execute the Agreement on behalf of SATX, Inc and to take
whatever action is necessary to cause 1,250,000 shares of the common stock of
SATX, Inc. to be issued to Terry Byrne and to register said stock as provided in
the Agreement.
RESOLVED FURTHER, That Merritt Jesson, President and CEO, be and hereby
is authorized to take whatever action is necessary to cause the warrants
referenced in Section 4 (B) of the Agreement to be issued to Terry Byrne.
RESOLVED FURTHER, that all shares and warrants so issued will not be
registered under the Securities Act of 1933 ("1933 Act") and will be "restricted
securities" within the meaning of Rule 144 of the 1933 Act. The certificates
evidencing the Shares shall bear restrictive legends as appropriate and will be
subject to appropriate stop transfer orders to the respective transfer agents.
The Company shall be under no obligation to register the Shares under the 1933
Act or any state securities law for resale by the individual or entity who is
issued the Shares.
RESOLVED FURTHER, that this Unanimous Consent may be executed
simultaneously in two or more counterparts, each of which shall be deemed an
original and all of which together shall constitute but one and the same
instrument.
(Signature Page Follows)
<PAGE>
IN WITNESS WHEREOF, the undersigned have executed this Unanimous
Consent to be effective the 26th day of June, 2000.
/s/ MERRITT JESSON /s/ KHOREN SHAGINIAN
------------------- ----------------------
Merritt Jesson Khoren Shaginian
/s/ ROBERT ELLIS
----------------------
Robert Ellis
