SIGNANT TWO HOLDINGS LTD.

MINUTES

ANNUAL GENERAL MEETING

MARCH 13, 1999

Held at the offices of Tousignant Young

Shareholders present: Sharyn, Vic, Duane, Sheila.

Copy of these minutes will be mailed to Dale and Rhonda.

Let the record show that Sheila was early. (noted as per Sheila’s request)

1.  Minutes of previous meeting accepted.

Vic moved that the minutes of the previous meeting be accepted and Sheila seconded it.

2.  Matters arising.

a.  Vic brought up about making a stub wall around the part of the house which rests on the concrete ie. along the back of the cabin and walkway. This may help to solve the problem of the ants getting in.

b.  Sharyn proposed that we have only one weekend per year as a designated work weekend. She suggested the Thanksgiving weekend. everyone present agreed.

c.  It was proposed that at Thanksgiving we dig for the stub wall, prepare forms and perhaps cement at the same time. Duane will speak to Dale re estimates. Sharyn to ask Jim re a pneumatic drill for concrete.

d.  Trucks have not been sold as yet. Duane will take the gold truck at Easter. Vic will look into whether he wants to purchase the green truck . Vic brought up whether the prices asked for the trucks are too much.  Sharyn to ask Mike whether $1000.00 is too much for the gold truck. This was done and Mike says that is a fair price for the gold truck. He’s not sure about the green truck.

e.  Alberta Energy Company shares – Shares were sold and the cheque mom received was deposited by Sharyn into her account.

3.  Bookings for Summer 1999

SLOT                                 TASK                                          

July 01- 13          Sheila       Windows

July 14- 26          Duane      Washing blankets and comforters

July 27- Aug 08    Vic           Major dusting or washing

Aug.09- 21          Sharyn      Major vacuuming

Aug 22- Sept.06   Dale         Cleaning of fridge and stove

4.  Pre and post summer bookings

Duane Easter 1999

Vic Christmas 1999 (Vic to check with Dale regarding this as Dale has first priority this year according to the Minutes of the 1997 General Meeting.)

5.  Year end Review

a.  Vic stated that it was a very good year as the dock was repaired, we got rid of a lot of stuff and we got rid of the boatlifter.

b.  Re: the guns, Vic, Duane and Dale each took two.

c.  Sharyn suggested putting out anything for the compost immediately as this will cut down on the smell and the bugs inside the cabin.

d.  Vic suggested putting a cap on Mom’s charitable donations of $20.00- $25.00 if this is agreeable to her. Sharyn to fill out form to put Mom on Bankview House waiting list. This is in progress.

6.  Financial Statements

Financial Statements are located at the office of Tousignant Young for anyone’s review.

7.  Signant Two Resolutions

Resolutions will be left until April 17, 1999 at which time the minutes of that meeting will be added to these.

8.  Rhonda’s Shares.

Re: Rhonda wishing to dispose of her shares, another meeting has been scheduled for April 17, 1999, so that each shareholder can decide what they want to do about this.

9.  Bankview Waiting List

Dealt with under Year End Review.

10.  Deck Expansion

Sheila stated her preference for leaving the deck as is. The deck expansion has therefore been put on hold for now. Vic brought up the idea of putting a canopy over the spiral staircase.

11.  Invitation to Mom.

Find out when Mom plans to go to Halifax and the person whose time it is invite her and make sure she gets there. Sheila and family invited her to go with them in the first part of July.

12.  Other Matters

a.  Repairs not done at Easter

i.  Staining: second and third coat. Sharyn will try to do staining of the front of the cabin during her summer time. This was not done but will do at Thanksgiving.

ii.  Repair of rotting wood at the top of the spiral staircase. This has since been done by Vic and Duane during Easter of 1999.

iii.  Extension of deck.

iv.  Lattice work under deck.

v.  Heater removal in living room.

vi.  Boat- what to do about it?

vii.  Hauling dirt/ gravel out from under cabin

viii.  Redoing the steps down the side of the cabin.

Meeting Adjourned.

APRIL 17, 1999 10.00a.m.

Shareholders Present- Sharyn, Vic, Duane, Sheila.

Sheila had several concerns so wanted the discussion put off for a while. As it will be a very busy summer for everyone it was agreed to put off the discussion until the fall.

Order of priority for 1999—2000

Dale

Rhonda

Sharyn

Duane

Sheila

Victor

Order of priority for 2000-2001

Rhonda

Sharyn

Duane

Sheila

Victor

Dale