MINUTES
OF
HENDRICK TREE FARM, LTD.

A special meeting of the Board of Directors of Hendrick Tree Farm, Ltd., was held.

The following directors were present: Paul Fox, Roy Hendrick Jr., Patricia A. Hendrick.

The chairman announced that the meeting was held pursuant to written Waiver of Notice thereof and consent thereto by all directors. Such waiver and consent was presented to the meeting and upon motion duly made, seconded and unanimously carried, was made part of the record of this meeting.

The chairman then announced that certain shares of stock in the corporation had been transferred, to certain persons, to-wit:

Certificate No. Number of Shares Date Issued to
21 10 12/30/80 Nancy E. Hendrick
22 10 12/30/80 Marie F. Grady & Dennis E. Grady
23 10 12/30/80 Rachel A. Grady
24 10 12/30/80 Dennis E. Grady & Marie F. Grady
25 10 12/30/80 Daniel R. Grady
26 10 12/30/80 Paul E. Fox & Gladys H. Fox
27 10 12/30/80 Gladys H. Fox & Paul E. Fox
28 10 12/30/80 Roy W. Hendrick, Jr. & Lani V. Hendrick
29 10 12/30/80 Lani V. Hendrick & Roy W. Hendrick, Jr.
30 10 12/30/80 Holly V. Hendrick
31 10 12/30/80 Michael E. Hendrick
32 10 12/30/80 Allison A. Hendrick
33 10 12/30/80 Lee Hendrick & Marcia A. Hendrick
34 10 12/30/80 Marcia A. Hendrick & Lee Hendrick
35 10 12/30/80 Scott Hendrick
36 10 12/30/80 Mark Hendrick
37 10 12/30/80 Michael B. Hendrick
38 10 12/30/80 Joanne Hendrick
39 10 12/30/80 Roy W. Hendrick III
40 10 12/30/80 Roy W. Hendrick III
41 5 12/30/80 Nancy E. Hendrick
42 5 1/26/81 Marie F. Grady
43 5 1/26/81 Rachel A. Grady
44 5 1/26/81 Dennis E. Grady
45 5 1/26/81 Daniel Grady
46 5 1/26/81 Paul E. Fox & Gladys H. Fox
47 5 1/26/81 Gladys H. Fox & Paul E. Fox
48 5 1/26/81 Roy W. Hendrick, Jr. & Lani V. Hendrick
49 5 1/26/81 Lani V. Hendrick & Roy W. Hendrick, Jr.
50 5 1/26/81 Holly V. Hendrick
51 5 1/26/81 Michael E. Hendrick
52 5 1/26/81 Allison A. Hendrick
53 5 1/26/81 Lee Hendrick & Marcia A. Hendrick
54 5 1/26/81 Marcia A. Hendrick & Lee Hendrick
55 5 1/26/81 Scott Hendrick
56 5 1/26/81 Mark Hendrick
57 5 (undated) Michael Bruce Hendrick
58 5 1/26/81 Joanne Hendrick
59 5 1/26/81 Roy W. Hendrick, III
60 5 1/26/81 Roy W. Hendrick, III
61 25 6/01/83 Roy W. Hendrick, Jr. & Lani V. Hendrick

On motion duly made, seconded and carried, it was

RESOLVED, that the transfers read and hereinabove set forth by, and the same hereby, are approved, and that the Secretary be and is hereby authorized and directed to show said transfer upon the books of the corporation accordingly.

BE IT FURTHER RESOLVED, that the books and records of Hendrick Tree Farm, Ltd., be and are hereby amended to disclose the following ownerships in the amounts of shares indicated:

Owner Number of Shares
Estate of Roy W. Hendrick, Sr. 570
Nancy E. Hendrick 15
Dennis E. Grady & Marie F. Grady 15
Marie F. Grady 5
Marie F. Grady & Dennis E. Grady 10
Rachel E. Grady 15
Daniel R. Grady 15
Paul E. Fox & Gladys H. Fox 30
Roy W. Hendrick, Jr. & Lani V. Hendrick 55
Holly V. Hendrick 15
Michael E. Hendrick 15
Allison A. Hendrick 15
Lee Hendrick & Marcia A. Hendrick 30
Scott Hendrick 15
Mark Hendrick 15
Michael B. Hendrick 15
Joanne Hendrick 15
Roy W. Hendrick, III 30
Hendrick Tree Farm, Ltd. 105

There being no further business, the meeting was adjourned.


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