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<br />• President, is authorized and directed for and on behalf of the <br />Issuer to date, sign, and otherwise execute the Indenture and the <br />Secretary or any Assistant Secretary is hereby authorized to <br />attest the Indenture and such officers are hereby authorized to <br />deliver the Indenture. The details of the Bonds shall be as set <br />forth in the Indenture. The sale and delivery of the Bonds by the <br />Issuer to Allied Pasadena National Bank at a price equal to 100$ <br />of the par amount thereof is hereby authorized and approved. <br />Section 5. The Board hereby approves the Corporate <br />Guarantee Agreement in substantially the form and substance <br />presented to the Board and the President or any Vice President is <br />authorized and directed, for and on .behalf of the Issuer, to date, <br />sign, or otherwise execute the Corporate Guarantee Agreement and <br />the Secretary or any Assistant Secretary of the Board is hereby <br />authorized to attest the Corporate Guarantee Agreement on behalf <br />of the Issuer, and such officers are hereby authorized to deliver <br />the Corporate Guarantee Agreement. <br />Section 6. The Board hereby approves the Personal <br />Guarantee Agreement in substantially the form and substance <br />presented to the Board and the President or any Vice President is <br />authorized and directed, for and on behalf of the Issuer, to date, <br />sign, or otherwise execute the Personal Guarantee Agreement and <br />the Secretary or any Assistant Secretary of the Board is hereby <br />• authorized to attest the Personal Guarantee Agreement on behalf of <br />the Issuer, and such officers are hereby authorized to deliver the <br />Personal Guarantee Agreement. <br />Section 7. The Board hereby approves and accepts the <br />Mortgage in substantially the €orm and substance presented to the <br />Board and the President or any Vice President and the Secretary or <br />any Assistant Secretary is hereby authorized to evidence the <br />acceptance of the Mortgage on behalf of the Issuer and such <br />officers are hereby authorized to deliver the Mortgage. <br />Section 8. The Board hereby approves the Memorandum in <br />substantially the form and substance presented to the Board and <br />the President or any Vice President is authorized and directed for <br />and on behalf of the Issuer, to date, sign, or otherwise execute <br />the Memorandum and the Secretary or any Assistant Secretary is <br />hereby authorized to attest the Memorandum and such officers are <br />hereby authorized to deliver the Memorandum on behalf of the <br />Issuer, and such officers are hereby authorized to deliver the <br />Memorandum. <br />Section 9. The Board hereby accepts the .Indemnity Letter <br />from the User and the Guarantors, fn substantially the form and <br />substance presented to the Board and the President or any Vice <br />• - 4 <br />