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Special Joint meeting of the Directors
The Board of Directors of 01T, Inc.; 011' Properties, (_LC; Alaska Interior Transport Inc.;
Northland Fuels and Energy; and North Pole Gravel Products held a special joint meeting
conducted at 2355 Richardson I-Iwy., North Pole, Alaska, on the 25'" day of Septenebesr, 2012 at
1 000AM.
'Pile following persons, constituting the entire membership of the directors of the corporations,
were present either in person u f telepltonical ly:
Mark Sankird- President
Dick Burley- Vice President, Chairman ofthe Board
Ronald Muir- Secretary/Treasurer
Richard Meyer
Rod Chiupka
Dick Burley served as Chairman of the mecling and Ron Muir served as Secretary.
(laving announced that a quorum of the board of directors were present, as rquil-Ld by the
Bylaws of the Corporation necessary for the holding of a meeting ot'thc directors, and leaving
announced that the meeting had been duly convened, the Chairman further announce that the
meeting could proceed with its business_ Upon a duly made, seconded and fully discussed
motion, the following resolutions were adopted:
Whereas: 01T has teamed with Turbo Steam for the installation of waste to energy electrical
generation system on the remediation plant and;
Whereas: The purpose of the project is to reduce electrical cost and sell excess to GVEA and:
Whereas: OIT has applied for grant funding for the system through The Alaska Energy
Authority,
IT IS IIEREBV RESOLVED that;
1. OIT, Inc will provide the matching resources tier project at the match amounts
indicated in the application.
2- Mark Santi)rd has the authority to commit the organization to the obligations
under the grant.
- 3. Rod Chiupka is point of contact to represent the applicant for purposes of this
application.
4. OIT, Inc. is in compliance with applicable Rderat, state, and local, laws including
existing credit and federal tax obligations.
There being no further business before the meeting, the motion of the Chairman, seconded and
carried, to meeting was adjourned.
Ronald Muir. Secretary
OIT, Inc.