Board Resolution of Ingen Technologies, Inc. Approving Name Change and Reverse Stock Split
This document is a board resolution from Ingen Technologies, Inc., a Georgia corporation, dated February 25, 2015. The board unanimously agreed to change the company's name to reflect its status as a holding company and to amend its Certificate of Incorporation to implement a reverse stock split at a ratio of 2500:1, subject to FINRA approval. The resolution is certified by the Chairman, CEO, and a Director of the company.
EXHIBIT 10.9
RESOLUTION OF THE BOARD OF DIRECTORS
OF
Ingen Technologies, Inc.
The undersigned, being members of the Board of Directors of Ingen Technologies, Inc., a Georgia Corporation, do hereby declare and state that they consent to and hereby adopt the following resolutions and/or the following actions:
RESOLVED: According to the Board of Director meeting on February 20th, 2015, the Board unanimously agreed to do the following:
| 1. | Facilitate a name change of the existing corporation to one that reflects the entity to be a holding company, not specific to any Industry. |
| 2. | Amending our Certificate of Incorporation ("Certificate of Incorporation") to effect a reverse stock split of our currently issued and outstanding shares of each class of Capital Stock, mainly our Common Stock Series by a ratio of twenty five hundred for-one (2500:1), or as soon as it is approved by FINRA without reducing the number of our authorized shares of capital stock (the "Reverse Stock Split").. |
I certify that the Corporation is duly organized and existing and has the power to take action called for by the above Resolution dated February 25, 2015.
Acknowledged by:
| By: /s/ Gary B. Tilden | 2/25/2015 | ||
| Gary Tilden, Chairman of the Board | Date | ||
| By:/s/ David S. Hanson | 2/25/2015 | ||
| David Hanson, CEO | Date | ||
| By: /s/ Richard Campbell | 2/25/2015 | ||
| Richard Campbell, Director | Date |
| 1 |
