Phoenix Resources Technologies, Inc. Board Resolution for Issuance of Common Stock to Michael Lamb

Summary

Phoenix Resources Technologies, Inc., a Nevada corporation, has resolved to issue 13,000,000 new shares of common stock to Michael Lamb, its Secretary and Chief Operating Officer. This issuance serves as partial compensation for previously unpaid salary and aims to maintain corporate and shareholder integrity, as well as restore shareholder value. The resolution also authorizes company officers to pursue mergers or acquisitions that would enhance the company's core business and intellectual property value.

EX-10.1 2 ex101-401a.txt STOCK ISSUANCE Phoenix Resources Technologies, Inc. A Nevada Corporation BOARD RESOLUTION ISSUING NEW STOCK Issuance of stock. RESOLVED on this 31st Day of March, 2001, that thirteen million shares (13,000,000) of new common stock be issued to Michael Lamb, Secretary and Chief Operating Officer, as partial compensation for previously unpaid salary and for the purpose of maintaining corporate and shareholder integrity and for use in restoring the shareholder value to the company: RESOLVED FURTHER, that such actions be taken by the officers so as to merge and or acquire such other business as would make sense to maximize the value of the core, product, intellectual property and business of the company. /s/ Bobby Rekhi - --------------------- Bobby Rekhi /s/ Marvin Reiss - --------------------- Marvin Reiss EX-10.1 OTHERDOC