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The undersigned, constituting all of the members of the Board of Directors (the “Board”) of ALCO ADVANCED
TECHNOLOGIES, INC., a Nevada corporation (the “Company”), by written consent pursuant to the authority contained in the
corporate laws of the State of Nevada and without the formality of convening a meeting, do hereby consent to the following
actions of the Company, to be effective as of the 12th day of August, 2010
Issuance of Shares for “Convertible Promissory Note Agreement” Dated May 12 th, 2008
WHEREAS, a Board Resolution was signed on August 1, 2010 that, it was in the best interest of this corporation that the
“Convertible Promissory Note Agreement” for Twenty Thousand dollars ($20,000.00) together with interest at the rate of ten
(10%) per annum until paid, with an origination date of May 12th, 2008, be settled starting August 11, 2010. The Assignment of
Debt is currently held by, Bonavel Development, S.A. (Note Holder). And;
WHEREAS, The Debt as of August 1, 2010 was agreed by both parties to be settled in the amount of, Twenty Thousand Dollars
($20,000.00) with no interest and will be converted at a rate of 0.0001 par value (due to the NOTE being in default) for a total of
Two Hundred Million shares (200,000,000). The shares would be issued in increments not to exceed any “one” issuance of 10%
to a single individual at a time, to not cause “disturbance” to the market.
WHEREAS, the Note Holder will exercise his right to provide the names and addresses of where his shares are to be issued.
The Note Holder will have until December 31, 2011 to instruct how he chooses the shares to be issued, otherwise the Note
Holder will for-fit any remaining shares and release ALCO ADVANCED TECHNOLOGIES, INC. from any further liabilities
regarding this Debt.
RESOLVED, that, upon direction of the Note Holder the officers of the corporation hereby authorize Pacific Stock Transfer
Company to issue the following individuals and Corporations listed below, shares towards The “Convertible Promissory Note
Agreement” for Twenty Thousand dollars ($20,000.00) with an origination date of May 12th, 2008;
RATIFICATION OF ACTIONS
RESOLVED, that all actions taken by the officers of the Company since the last meeting of the Directors
are, and they hereby are, ratified, approved and confirmed in all respects; except those acts which are violations of
law, public policy or the fiduciary duty existing between said persons and the Company.
COUNTERPARTS
RESOLVED, that this Unanimous Written Consent may be signed in as many counterparts as may be
necessary, each of which so signed shall be deemed to be an original (and each signed copy sent by electronic
facsimile transmission shall be deemed to be an original) and such counterparts together shall constitute one and the
same instrument and notwithstanding the date of the execution shall be deemed to bear the date as set forth above.
IN WITNESS WHEREOF, the undersigned, being all of the Directors of the Company, hereby consents to
and adopts the foregoing.