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MINUTES OF SPECIAL FETING OF BOARD OF DIRECTORS OF BERKELEY PUMP COMPANY l A special meeting of the Board of Directors of Berkeley Pump Company was held on the 4th day of August 1980 at the hour of 3:00 P.M. at the principle office of the Corporation. All of the directors were present except Berne A. Schepman and Robert L. Chambers who had been notified of the meeting and its business by phone earlier. iLe Pi resident stated that h~ '.:ad ar. offer to bu}~ the Harr~.s^n ^r^^arr., in Grand Island which adjoins the souther: border of our Grand Island plant and is 3-1/2 acres with a house on it. He stated that this is necessary property for us for future expansion as it is the only- way that we can expand. He asked that. we consider this and give ii the necessary authority to him and the, power of attorney to John Albers to sign the necessary papers to make the transaction cam lete. He thought that the land could be purchased for around' '~, P $J0,000.00 and that it could be financed over a five year period ' at 20% interest with a down payment not to exceed 30%: After a full discussion, upon motion duly made, seconded and unanimously carried the following resolution was adopted: RESOLVED: That this Corporation give the President complete authority to negotiate for the 3-1/2 acres of land south of our Grand Island plant and have the proper papers drawn and the financing arranged with a maximum price of $70,000.00 with financing at 10% and not more than 30% down to be paid off in about five years. Also John Albers is given power of attczney to sign the necessary papers. Further, the President informed the Board that Bartley L. Bulmore, the Branch Manager of the Denver Branch had passed away. The newly appointed Manager is George F, Herget and he recommended that he be appointed the Registered Agent. After a full discussion, upon motion duly made, seconded and unanimously carried the following resolution was adopted: RESOLVED: That George F. Herget, the Manager of the Denver Branch be appointed as our Registered Agent for the State of Colorado. ~- There being no further business, the ~e ing was adjou ~ ` ~ .ti,~-~..~ ~ ~ ~ ~ „ ~ a p o a, Secretary Fred F. Stadelhofer, resi enC (contd Pg. 2) L'