RESOLUTION OF THE BOARD OF DIRECTORS
OF
Sphinx Industries, Inc.
A Nevada Corporation
BE IT RESOVLED, THAT the Board of Directors are authorized to issue the
capital stock of this Corporation as authorized by the Articles of
Incorporation, in such amounts as the board determines, to accept full or part
payment in cash, property or service at a value determined by the board.
BE IT RESOLVED, THAT pursuant to NRS 78.315 and in accordance with a
resolution of the Board of Directors the following common stock of the
Corporation be issued to name individuals in the amount stated in exchange for
cash.
Name Number of shares
James Ealy 370
Melvin Davis 370
Brenda Finely 325
William Gideon 300
Dated as of March 20, 1997
original signature on file
--------------------------
Richard Fritzler, Director
