Loans 
Form 2123 authorizes the pledging of accounts receivable as loan collateral.~

Form 2123:     SHAREHOLDERS' RESOLUTION FOR BORROWING ON ACCOUNTS RECEIVABLE~
SHAREHOLDERS' RESOLUTION FOR BORROWING ON ACCOUNTS RECEIVABLE

WHEREAS, the Board of Directors of this Corporation has determined that it has become necessary to borrow money for corporate purposes and that such funds can be obtained at favorable rates only by borrowing against the accounts receivable of the Corporation, it is hereby 
RESOLVED, that the Board of Directors of this Corporation is hereby authorized to borrow > dollars ($> ) on the terms and conditions set out in the Promissory Note and Pledge Instruments attached to the minutes of this meeting. 
The undersigned, > , certifies that I am the duly appointed Secretary of > Corporation and that the above is a true and correct copy of a resolution duly adopted at a meeting of the shareholders thereof, convened and held in accordance with law and the Bylaws of said Corporation on > , 19>  , and that such resolution is now in full force and effect. 
IN WITNESS THEREOF, I have affixed my name as Secretary of > Corporation and have attached the seal of > Corporation to this resolution.

Secretary 
Dated: > , 19> .
(SEAL)