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(die a form of Security Agreement, dated as of July 1, <br /> 1986 <br /> (the "Security Agreement") , by and between the Company <br /> and the Authority; and <br /> (e) a form of Deed of Trust Agreement; dated as of July <br /> 1, 1986 (the "Deed of Trust") from the Company to Charles E. <br /> Harris as trustee for the benefit of the Authority. <br /> (f) a form of Guaranty Agreement, dated as of July 1, <br /> 1956 (the "Company Guaranty" ) , from the Company to the <br /> Purchaser. <br /> (g) a form of Guaranty Agreement, dated as of July 1, <br /> 1986 (the "Personal Guaranty" ) , from Mr. and Mrs. Jerome J. <br /> Richardson to the Purchaser. <br /> The documents presented were delivered to the Secretary of the <br /> Authority and directed to be marked Exhibits A, B, C, D, E, F and <br /> G respectively, and were made a part of the permanent records of <br /> the Authority. <br /> Moses Carey introduced the following resolution, the <br /> title of which was read aloud: <br /> RESOLUTION APPROVING AND AUTHORIZING THE ISSUANCE OF A <br /> NOT TO EXCEED $1, 500, 000 INDUSTRIAL REVENUE BOND <br /> (ISOTECHNOLOGIES, INC. PROJECT) OF THE AUTHORITY; <br /> APPROVING THE FORM AND AUTHORIZING THE SALE OF THE BOND <br /> PURSUANT TO THE BOND PURCHASE AGREEMENT; APPROVING AND <br /> AUTHORIZING THE EXECUTION AND DELIVERY OF THE LOAN <br /> AGREEMENT, THE BOND PURCHASE AGREEMENT, SECURITY <br /> AGREEMENT, THE DEED OF. TRUST AND THE ASSIGNMENT; <br /> APPROVING THE FORM AND AUTHORIZING THE ENDORSEMENT AND <br /> PLEDGE OF THE NOTE; APPROVING THE FORM OF THE COMPANY <br /> GUARANTY AND THE PERSONAL GUARANTY; AUTHORIZING <br /> EXECUTION AND DELIVERY OF CLOSING CERTIFICATES; AND <br /> MAKING A TAX ELECTION, ALL IN CONNECTION WITH FINANCING <br /> AN INDUSTRIAL PROJECT FOR ISOTECHNOLOGIES, INC. <br /> BE IT RESOLVED by the Board of Commissioners (the "Board") of <br /> The Orange County Industrial Facilities and Pollution Control <br /> Financing Authority (the "Authority") : <br /> Section 1. The Authority hereby a <br /> in the form that has been presented to thecBoardhatLthisAmeeting, <br /> and the Chairman or the Vice Chairman and the Secretary or any <br /> Assistant Secretary of the Authority are hereby authorized to <br /> execute and deliver the Loan Agreement, in any number of signed <br /> counterparts, for and on behalf of the Authority in substantially <br /> such form with such changes therein, additions thereto and <br /> 2 . <br />