Document:

PROMISSORY NOTE

<TABLE>
<CAPTION>
      Principal       Loan Date           Maturity        Loan No      Call      Collateral      Account      Officer      Initials
<S>  <C>              <C>                <C>                <C>          <C>        <C>           <C>          <C>
     $3,750,000.00    01-11-2000         12/01/2000         9001         C          7380          2999005      79969
</TABLE>
  References in the shaded area are for  Lender's  use only and do not limit the
  applicability of this document to any particular loan or item.

Borrower:   DYNATRONICS CORPORATION     Lender:   ZIONS FIRST NATIONAL BANK
            7030 PARK CENTRE DRIVE                HEAD OFFICE/COMMERCIAL BANKING
            SALT LAKE CITY, UT 84121              #1 SOUTH MAIN STREET
                                                  SALT LAKE CITY, UT 84125

Principal Amount:$3,750,000.00 Initial Rate:8.500% Date of Note:January 11, 2000

PROMISE TO PAY.  DYNATRONICS CORPORATION ("Borrower") promises to pay to ZIONS
FIRST NATIONAL  BANK  ("Lender"),  or order,  in lawful money of the United
States of America,  the principal  amount of Three Million Seven Hundred Fifty
Thousand & 00/100 Dollars  ($3,750,000.00) or so much as may be outstanding,
together with Interest on the unpaid outstanding  principal balance of each
advance.  Interest shall be  calculated  from  the date of each  advance  until
repayment of each advance.

PAYMENT. Borrower will pay this loan in one payment of all outstanding principal
plus all accrued unpaid Interest on December 1, 2000. In addition, Borrower will
pay regular monthly  payments of accrued unpaid interest  beginning  February 2,
2000, and all subsequent interest payments are due on the same day of each month
after  that.  The annual  interest  rate for this Note is  computed on a 365/360
basis; that is, by applying the ratio of the annual interest rate over a year of
360 days,  multiplied by the outstanding  principal  balance,  multiplied by the
actual number of days the principal  balance is  outstanding.  Borrower will pay
Lender at  Lender's  address  shown  above or at such other  place as Lender may
designate in writing.  Unless  otherwise  agreed or required by applicable  law,
payments  will be  applied  first to any  unpaid  collection  costs and any late
charges, then to any unpaid interest, and any remaining amount to principal.

VARIABLE INTEREST RATE. The interest rate on this Note is subject to change from
time to time based on changes in an index which is the ZIONS FIRST NATIONAL BANK
PRIME RATE (the "Index").  "PRIME RATE" MEANS AN INDEX WHICH IS DETERMINED DAILY
BY THE  PUBLISHED  COMMERCIAL  LOAN  VARIABLE  RATE INDEX HELD BY ANY TWO OF THE
FOLLOWING  BANKS:  CHASE  MANHATTAN  BANK,  WELLS  FARGO BANK N.A.,  AND BANK OF
AMERICA  N.T.  & S.A.  IN THE  EVENT  NO TWO OF THE  ABOVE  BANKS  HAVE THE SAME
PUBLISHED  RATE, THE BANK HAVING THE MEDIAN RATE WILL  ESTABLISH  LENDERS' PRIME
RATE. IF, FOR ANY REASON BEYOND THE CONTROL OF LENDER, ANY OF THE AFOREMENTIONED
BANKS BECOMES  UNACCEPTABLE  AS A REFERENCE FOR THE PURPOSE OF  DETERMINING  THE
PRIME RATE USED HEREIN,  LENDER MAY, FIVE DAYS AFTER  POSTING  NOTICE IN LENDERS
OFFICES, SUBSTITUTE ANOTHER COMPARABLE BANK FOR THE ONE DETERMINED UNACCEPTABLE.
AS USED IN THIS PARAGRAPH,  'COMPARABLE  BANK' SHALL MEAN ONE OF THE TEN LARGEST
COMMERCIAL BANKS HEADQUARTERED IN THE UNITED STATES OF AMERICA.  THIS DEFINITION
OF PRIME RATE IS TO BE  STRICTLY  INTERPRETED  AND IS NOT  INTENDED TO SERVE ANY
PURPOSE OTHER THAN  PROVIDING AN INDEX TO DETERMINE  THE VARIABLE  INTEREST RATE
USED HEREIN IT IS NOT THE LOWEST  RATE AT WHICH  LENDER MAY MAKE LOANS TO ANY OF
ITS  CUSTOMERS,  EITHER NOW OR IN THE  FUTURE.  Lender  will tell  Borrower  the
current Index rate upon Borrower's request. Borrower understands that Lender may
make loans based on other rates as well. The interest rate change will not occur
more often than each DAY. The Index currently is 8.500% per annum.  The Interest
rate to be  applied to the  unpaid  principal  balance of this Note will be at a
rate equal to the Index, resulting In an Initial rate of 8.500% per annum.

                                        1
<PAGE>

01-11-2000                      PROMISSORY NOTE                           Page 2
                                  (Continued)

NOTICE: Under no  circumstances will the interest rate on this Note be more than
the maximum rate allowed by applicable law.

PREPAYMENT. Borrower agrees that all loan fees and other prepaid finance charges
are  earned  fully as of the date of the loan and will not be  subject to refund
upon early  payment  (whether  voluntary or as a result of  default),  except as
otherwise  required by law.  Except for the foregoing,  Borrower may pay without
penalty  all or a portion  of the  amount  owed  earlier  than it is due.  Early
payments will riot,  unless agreed to by Lender in writing,  relieve Borrower of
Borrower's  obligation to continue to make payments of accrued unpaid  interest.
Rather, they will reduce the principal balance due.

DEFAULT.  Borrower  will be in  default  if any of the  following  happens:  (a)
Borrower  fails to make any payment when due.  (b)  Borrower  breaks any promise
Borrower has made to Lender, or Borrower fails to comply with or to perform when
due any other term, obligation, covenant ' or condition contained in this Note .
(c) Any  representation  or statement made or furnished to Lender by Borrower or
on Borrower's  behalf is false or misleading in any material  respect either now
or at the time made or furnished.  (d) Borrower becomes insolvent, a receiver is
appointed for any part of Borrowers  property,  Borrower makes an assignment for
the benefit of creditors,  or any proceeding is commenced  either by Borrower or
against Borrower under any bankruptcy or insolvency laws. (e) Any creditor tries
to take any of Borrower's  property on or in which Lender has a lien or security
interest. This includes a garnishment of any of Borrower's accounts with Lender.
(f)   (g)  A  material  adverse  change  occurs  in  Borrower's  financial
condition,  or Lender  believes  the prospect of payment or  performance  of the
Indebtedness is impaired. (h) Lender in good faith deems itself insecure.

If any default,  other than a default in payment, is curable and if Borrower has
not been given a notice of a breach of the same  provision  of this Note  within
the preceding twelve (12) months,  it may be cured (and no event of default will
have occurred) if Borrower, after receiving written notice from Lender demanding
cure of such default:  (a) cures the default within fifteen (15) days; or (b) if
the cure requires more than fifteen (15) days, immediately initiates steps which
Lender deems in Lender's  sole  discretion  to be sufficient to cure the default
and  thereafter  continues  and  completes all  reasonable  and necessary  steps
sufficient to produce compliance as soon as reasonably practical.

LENDER'S  RIGHTS.  Upon default,  Lender may declare the entire unpaid principal
balance on this Note and all accrued unpaid interest  immediately  due,  without
notice, and then Borrower will pay that amount. Upon default,  including failure
to pay upon final maturity,  Lender, at its option, may also, if permitted under
applicable  law,  increase  the  variable  interest  rate on this  Note to 3.000
percentage  points over the Index. The interest rate will not exceed the maximum
rate  permitted by applicable  law.  Lender may hire or pay someone else to help
collect this Note if Borrower  does not pay.  Borrower also will pay Lender that
amount.  This includes,  subject to any limits under  applicable  law,  Lender's
reasonable attorneys' fees and Lender's legal expenses whether or not there is a
lawsuit,  including reasonable attorneys' fees and legal expenses for bankruptcy
proceedings  (including  efforts  to  modify  or vacate  any  automatic  stay or
injunction),  appeals, and any anticipated post-judgment collection services. If
not  prohibited by applicable  law,  Borrower also will pay any court costs,  in
addition to all other sums  provided  by law.  This Note has been  delivered  to
Lender  and  accepted  by Lender In the  State of Utah.  If there Is a  lawsuit,
Borrower  agrees  upon  Lender's  request to submit to the  jurisdiction  of the
courts of SALT LAKE  County,  the State of Utah.  Subject to the  provisions  on
arbitration, this Note shall be governed by and construed In accordance with the
laws of the State of Utah.

RIGHT OF SETOFF.  Borrower grants to Lender a contractual  security interest in,
and hereby  assigns,  conveys,  delivers,  pledges,  and transfers to Lender all
Borrower's right, title and interest in and to, Borrower's  accounts with Lender
(whether checking, savings, or some other account), including without limitation
all accounts  held jointly with someone else and all accounts  Borrower may open
in the future, excluding however all IRA and Keogh accounts,

                                        2
<PAGE>

01-11-2000                       PROMISSORY NOTE                          Page 3
                                  (Continued)

and all trust  accounts  for which the grant of a  security  interest  would  be
prohibited  by law. Borrower  authorizes  Lender, to  the  extent  permitted  by
applicable  law, to charge or  setoff  all sums  owing  on this Note against any
and all such accounts.  Lender agrees not to exercise its right of setoff unless
an event of  default  continues  to  exist  (15)  fifteen  days  after  Lender's
notification of default has been received in writing by Borrower.

COLLATERAL.  This Note is secured by, in addition to any other collateral, a
Deed of Trust dated January 11, 2000, to a trustee in favor of Lender on real
property located in Salt Lake County, State of Utah and a Commercial  Security
Agreement  dated  February 23, 1995, all the terms and  conditions of which are
hereby  incorporated  and made a part of this Note.

LINE OF CREDIT.  This Note evidences a revolving line of credit.  Advances under
this Note may be requested orally by Borrower or by an authorized person. Lender
may, but need not,  require that all oral requests be confirmed in writing.  All
communications,  instructions, or directions by telephone or otherwise to Lender
are to be  directed to Lender's  office  shown  above.  The  following  party or
parties are authorized to request advances under the line of credit until Lender
receives  from  Borrower  at Lender's  address  shown  above  written  notice of
revocation  of their  authority:  KELVIN H.  CULLIMORE,  JR.,  PRESIDENT;  and
Terry Atkinson, Controller.  Borrower  agrees to be liable for all sums either:
(a)  advanced in  accordance with  the  instructions  of an  authorized  person
or  (b)  credited  to any of Borrower's accounts with Lender. The unpaid
principal balance owing on this Note at any  time  may be  evidenced  by
endorsements  on this  Note or by  Lender'sinternal  records,  including  daily
computer  print-outs.  Lender will have no obligation  to advance  funds under
this Note if: (a) Borrower is in default under the terms of this Note ,
including  any agreement made in connection  with the signing of this Note;  (b)
Borrower  ceases  doing  business  or is  insolvent;  (c) ; (d) Borrower has
applied funds provided  pursuant to this Note for purposes  other than those
authorized  by  Lender;  or (e)  Lender in good  faith  deems  itself insecure
under this Note.

ARBITRATION DISCLOSURES:

1.   ARBITRATION IS FINAL AND BINDING ON THE PARTIES AND SUBJECT TO ONLY
     VERY LIMITED REVIEW BY A COURT.

2.   IN ARBITRATION THE PARTIES ARE WAIVING THEIR RIGHT TO LITIGATE IN COURT,
     INCLUDING THEIR RIGHT TO A JURY TRIAL.
3.   DISCOVERY IN ARBITRATION IS MORE LIMITED THAN DISCOVERY IN COURT.

1.   ARBITRATORS ARE NOT REQUIRED TO INCLUDE FACTUAL FINDINGS OR LEGAL
     REASONING IN THEIR AWARDS. THE RIGHT TO APPEAL OR TO SEEK MODIFICATION OF
     ARBITRATORS' RUUNGS IS VERY LIMITED.

2.   A PANEL OF ARBITRATORS MIGHT INCLUDE AN ARBITRATOR WHO IS OR WAS AFFILIATED
     WITH THE BANKING INDUSTRY.

3.   IF YOU HAVE QUESTIONS ABOUT ARBITRATION, CONSULT YOUR ATTORNEY OR THE
     AMERICAN ARBITRATION ASSOCIATION.

                                        3
<PAGE>

01-11-2000                       PROMISSORY NOTE                          Page 4
                                   (Continued)

         (a) Any claim or controversy  ("Dispute")  between or among the parties
and their  assigns,  including  but not  limited to  Disputes  arising out of or
relating to this agreement,  this arbitration provision  ("arbitration clause"),
or any  related  agreements  or  instruments  relating  hereto or  delivered  in
connection  herewith ("Related  Documents"),  and including but not limited to a
Dispute  based on or arising from an alleged  tort,  shall at the request of any
party be resolved  by binding  arbitration  in  accordance  with the  applicable
arbitration rules of the American Arbitration Association (the "Administrator").
The  provisions  of this  arbitration  clause  shall  survive  any  termination,
amendment, or expiration of this agreement or Related Documents.  The provisions
of this  arbitration  clause shall  supersede  any prior  arbitration  agreement
between or among the parties. If any provision of this arbitration clause should
be  determined to be  unenforceable,  all other  provisions of this  arbitration
clause shall remain in full force and effect.

         (b) The arbitration  proceedings  shall be conducted in Salt Lake City,
Utah, at a place to be determined by the  Administrator.  The  Administrator and
the arbitrator(s) shall have the authority to the extent practicable to take any
action  to  require  the   arbitration   proceeding  to  be  completed  and  the
arbitrator(s)' award issued within one hundred fifty (150) days of the filing of
the Dispute with the Administrator.  The arbitrator(s)  shall have the authority
to impose  sanctions on any party that fails to comply with time periods imposed
by the Administrator or the  arbitrator(s),  including the sanction of summarily
dismissing any Dispute or defense with prejudice.  The arbitrator(s)  shall have
the authority to resolve any Dispute regarding the terms of this agreement, this
arbitration  clause or Related  Documents,  including  any claim or  controversy
regarding the arbitrability of any Dispute.  All limitations  periods applicable
to any Dispute or defense,  whether by statute or agreement,  shall apply to any
arbitration  proceeding hereunder and the arbitrator(s) shall have the authority
to decide whether any Dispute or defense is barred by a limitations  period and,
if so, to  summarily  enter an award  dismissing  any Dispute or defense on that
basis. The doctrines of compulsory  counterclaim,  res judicata,  and collateral
estoppel  shall apply to any  arbitration  proceeding  hereunder so that a party
must  state  as a  counterclaim  in the  arbitration  proceeding  any  claim  or
controversy  which  arises  out of the  transaction  or  occurrence  that is the
subject  matter of the  Dispute.  The  arbitrator(s)  may in the  arbitrator(s)'
discretion  and at the  request  of  any  party:  (1)  consolidate  in a  single
arbitration  proceeding any other claim or controversy  involving  another party
that is substantially  related to the Dispute where that other party is bound by
an arbitration clause with tw Lender, such as borrowers,  guarantors,  sureties,
and owners of collateral; (2) consolidate in a single arbitration proceeding any
other claim or controversy that is substantially similar to the Dispute; and (3)
administer  multiple  arbitration  claims or  controversies  as class actions in
accordance  with  the  provisions  of  Rule 23 of the  Federal  Rules  of  Civil
Procedure.

         (c) The arbitrator(s) shall be selected in accordance with the rules of
the  Administrator  from  panels  maintained  by  the  Administrator.  A  single
arbitrator  shall have  expertise in the subject  matter of the  Dispute.  Where
three  arbitrators  conduct an  arbitration  proceeding,  the  Dispute  shall be
decided by a majority vote of the three  arbitrators,  at least one of whom must
have  expertise  in the  subject  matter of the Dispute and at least one of whom
must be a practicing  attorney.  The arbitrator(s) shall award to the prevailing
party  recovery  of all costs and fees  (including  attorneys'  fees and  costs,
arbitration  administration  fees  and  costs,  and  arbitrator(s)'  fees).  The
arbitrator(s),  either during the pendency of the  arbitration  proceeding or as
part of the arbitration award, also may grant provisional or ancillary remedies,
including  but not  limited  to an  award  of  injunctive  relief,  foreclosure,
sequestration,  attachment,  replevin,  garnishment,  or  the  appointment  of a
receiver.

         (d)  Judgment  upon an  arbitration  award may be  entered in any court
having jurisdiction,  subject to the following limitation: the arbitration award
is binding  upon the parties  only if the amount  does not exceed  Four  Million
Dollars  ($4,000,000.00);  if the award  exceeds  that limit,  either  party may
demand  the  right  to a court  trial.  Such a  demand  must be  filed  with the
Administrator  within  thirty (30) days  following  the date of the  arbitration
award;  if such a demand is not made within that time period,  the amount of the
arbitration  award shall be binding.  The  computation of the total amount of an
arbitration  award shall include  amounts awarded for attorneys' fees and costs,
arbitration administration fees and costs, and arbitrator(s)' fees.

                                        4
<PAGE>

01-11-2000                       PROMISSORY NOTE                          Page 5
                                   (Continued)
         (e) No provision of this  arbitration  clause,  nor the exercise of any
rights  hereunder,  shall  limit the right of any party to:  (1)  judicially  or
non-judicially  foreclose  against any real or personal  property  collateral or
other security;  (2) exercise self-help  remedies,  including but not limited to
repossession and setoff rights;  or (3) obtain from a court having  jurisdiction
thereover any  provisional or ancillary  remedies,  including but not limited to
injunctive   relief,   foreclosure,    sequestration,    attachment,   replevin,
garnishment,  or the appointment of a receiver.  Such rights can be exercised at
any time,  before or during initiation of an arbitration  proceeding,  except to
the extent such action is contrary to the  arbitration  award.  The  exercise of
such rights shall not  constitute a waiver of the right to submit any Dispute to
arbitration, and any claim or controversy related to the exercise of such rights
shall be a Dispute  to be  resolved  under the  provisions  of this  arbitration
clause. Any party may initiate  arbitration with the Administrator;  however, If
any party Initiates litigation and another party disputes any allegation in that
litigation,  the disputing  party-upon the request of the initiating  party-must
file a demand for arbitration with the Administrator and pay the Administrator's
filing fee.  The parties may serve by mall a notice of an initial  motion for an
order of arbitration.

         (f)  Notwithstanding  the  applicability  of  any  other  law  to  this
agreement the  arbitration  clause,  or Related  Documents  between or among the
parties, the Federal Arbitration Act, 9 U.S.C. Section 1 et seq., shall apply to
the construction and interpretation of this arbitration clause.

LOAN AGREEMENT. THIS PROMISSORY NOTE IS MADE IN ACCORDANCE WITH A LOAN AGREEMENT
DATED FEBRUARY 23, 1995, AS AMENDED.

PRIOR NOTE.  The Promissory Note from Dynatronics Corporation to Lender dated
October 21, 1998 in the original principal amount of $3,500,000.00.

GENERAL  PROVISIONS.  Lender may delay or forgo  enforcing  any of its rights or
remedies under this Note without losing them.  Borrower and any other person who
signs,  guarantees or endorses this Note,  to the extent  allowed by law,  waive
presentment, demand for payment, protest and notice of dishonor. Upon any change
in the terms of this Note, and unless otherwise  expressly stated in writing, no
party who signs this Note, whether as maker,  guarantor,  accommodation maker or
endorser,  shall be released from liability.  All such parties agree that Lender
may renew or  extend  (repeatedly  and for any  length of time)  this  loan,  or
release any party or guarantor or collateral; or impair, fail to realize upon or
perfect Lender's security interest in the collateral;  and take any other action
deemed necessary by Lender without the consent of or notice to anyone.  All such
parties  also agree that Lender may modify  this loan  without the consent of or
notice to anyone other than the party with whom the modification is made.

PRIOR TO SIGNING THIS NOTE,  BORROWER READ AND  UNDERSTOOD ALL THE PROVISIONS OF
THIS NOTE,  INCLUDING THE VARIABLE INTEREST RATE PROVISIONS.  BORROWER AGREES TO
THE TERMS OF THE NOTE AND ACKNOWLEDGES RECEIPT OF A COMPLETED COPY OF THE NOTE.

BORROWER:

DYNATRONICS CORPORATION

   By:   /s/ KELVYN H. CULLIMORE, JR.
       -----------------------------------
       KELVYN H. CULLIMORE, JR., PRESIDENT

LASER PRO, Reg. U.S. Pat. & T.M. Off.., Ver. 3.28 (c) 2000 CFI ProServices, Inc.
All rights reserved. [UT-D20 DYNAT.LN)CORPORATE RESOLUTION TO BORROW

<TABLE>
<CAPTION>
    Principal       Loan Date          Maturity       Loan No      Call      Collateral      Account      Officer     Initials
<S> <C>              <C>               <C>              <C>         <C>         <C>           <C>          <C>
    $3,750,000.00    01-11-2000        12/01/2000       9001        C           7380          2999005      79969
</TABLE>
   References in the shaded area are for  Lender's use only and do not limit the
   applicability of this document to any particular loan or item.

Borrower:  DYNATRONICS CORPORATION      Lender:   ZIONS FIRST NATIONAL BANK
           7030 PARK CENTRE DRIVE                 HEAD OFFICE/COMMERCIAL BANKING
           SALT LAKE CITY, UT 84121               #1 SOUTH MAIN STREET
                                                  SALT LAKE CITY, UT 84125

I, the undersigned  Secretary or Assistant Secretary of DYNATRONICS  CORPORATION
(the  "Corporation"),  HEREBY  CERTIFY that the  Corporation  is  organized  and
existing  under and by virtue of the laws of the State of Utah as a  corporation
for profit, with its principal office at 7030 PARK CENTRE DRIVE, SALT LAKE CITY,
UT 84121, and is duly authorized to transact business in the State of Utah.

I FURTHER  CERTIFY that at a meeting of the Directors of the  Corporation,  duly
called and held on  November 23, 1999  at which a quorum was present and voting,
                   ------------------
or by other duly authorized corporate action in lieu of a meeting, the following
resolutions were adopted:

BE IT RESOLVED, that any one (1) of the following named officers,  employees, or
agents of this Corporation, whose actual signatures are shown below:

      NAMES                      POSITION         ACTUAL SIGNATURES
      -----                      --------         -----------------

      KELVYN H. CULLIMORE, JR.   PRESIDENT        x /s/ KELVYN H. CULLIMORE, JR.
                                                   -----------------------------

      TERRY ATKINSON             CONTROLLER       x /S/ TERRY ATKINSON
                                                   -----------------------------

acting for and on behalf of the Corporation and as its act and deed be, and they
hereby are, authorized and empowered:

         Borrow  Money.  To borrow from time to time from ZIONS  FIRST  NATIONAL
         BANK  ("Lender"),  on such  terms as may be  agreed  upon  between  the
         Corporation and Lender,  such sum or sums of money as in their judgment
         should be borrowed, without limitation.

         Execute Notes.  To execute and deliver to Lender the promissory note or
         notes, or other evidence of credit  accommodations  of the Corporation,
         on Lender's  forms,  at such rates of interest and on such terms as may
         be  agreed  upon,  evidencing  the  sums of money  so  borrowed  or any
         indebtedness  of the  Corporation  to Lender,  and also to execute  and
         deliver  to Lender  one or more  renewals,  extensions,  modifications,
         refinancings,  consolidations,  or substitutions for one or more of the
         notes,  any  portion  of the  notes,  or any other  evidence  of credit
         accommodations.

         Grant Security. To mortgage, pledge, transfer, endorse, hypothecate, or
         otherwise  encumber and deliver to Lender,  as security for the payment
         of any loans or credit accommodations so obtained, any promissory notes
         so executed  (including any amendments to or  modifications,  renewals,
         and  extensions  of such  promissory  notes),  or any other or  further
         indebtedness  of the  Corporation to Lender at any time owing,  however
         the same may be evidenced,  any property now or hereafter  belonging to
         the  Corporation or in which the  Corporation now or hereafter may have
         an interest,  including  without  limitation  all real property and all
         personal  property  (tangible or intangible) of the  Corporation.  Such
         property   may   be   mortgaged,   pledged,   transferred,    endorsed,
         hypothecated, or encumbered at the time such loans are obtained or such
         indebtedness  is  incurred,  or at any other time or times,  and may be
         either in addition to or in lieu of any property theretofore mortgaged,
         pledged, transferred, endorsed, hypothecated, or encumbered.

         Execute Security Documents.  To execute and deliver to Lender the forms
         of mortgage, deed of trust, pledge agreement, hypothecation agreement,
         and other security agreements and financing statements which may be
         submitted by Lender, and which shall evidence the terms and conditions
         under and pursuant to which such liens and encumbrances, or any of
         them, are given; and also to execute and deliver to Lender any other
         written instruments, any chattel paper, or any other collateral, of any
         kind or nature, which they may in their discretion deem reasonably
         necessary or proper in connection with or pertaining to the giving of
         the liens and encumbrances.

         Negotiate Items. To draw, endorse, and discount with Lender all drafts,
         trade acceptances, promissory notes, or other evidences of indebtedness
         payable to or belonging to the Corporation in which the Corporation may
         have an  interest,  and either to receive cash for the same or to cause
         such  proceeds to be credited  to the account of the  Corporation  with
         Lender,  or to cause such other  disposition  of the  proceeds  derived
         therefrom as they may deem advisable.

         Further Acts. In the case of lines of credit,  to designate  additional
         or  alternate  individuals  as being  authorized  to  request  advances
         thereunder,  and in all cases,  to do and  perform  such other acts and
         things,  to pay any and all fees and costs,  and to execute and deliver
         such other  documents and  agreements  as they may in their  discretion
         deem  reasonably  necessary or proper in order to carry into effect the
         provisions  of these  Resolutions.  The  following  person  or  persons
         currently  are  authorized to request  advances and authorize  payments
         under  the line of  credit  until  Lender  receives  written  notice of
         revocation of their authority: KELVYN H. CULLIMORE, JR., PRESIDENT; and
         JOHN HALES, CHIEF FINANCIAL OFFICER.

                                        1
<PAGE>

BE IT  FURTHER  RESOLVED,  that any and all acts  authorized  pursuant  to these
Resolutions and performed  prior to the passage of these  Resolutions are hereby
ratified and  approved,  that these  Resolutions  shall remain in full force and
effect and Lender may rely on these  Resolutions  until written  notice of their
revocation shall have been delivered to and received by Lender.  Any such notice
shall not affect any of the Corporation's agreements or commitments in effect at
the time notice is given.

BE IT FURTHER  RESOLVED,  that the Corporation  will notify Lender in writing at
Lender's  address  shown above (or such other  addresses as Lender may designate
from time to time) prior to any (a) change in the name of the  Corporation,  (b)
change in the assumed  business  name(s) of the  Corporation,  (c) change in the
management of the  Corporation,,  (d) change in the  authorized  signer(s),  (e)
conversion of the Corporation to a new or different type of business entity,  or
(0 change in any other aspect of the  Corporation  that  directly or  indirectly
relates to any agreements  between the Corporation and Lender.  No change in the
name of the Corporation will take effect until after Lender has been notified,

I FURTHER CERTIFY that the officers,  employees, and agents named above are duly
elected,  appointed, or employed by or for the Corporation,  as the case may be,
and occupy the positions set opposite their respective names; that the foregoing
Resolutions  now stand of record on the books of the  Corporation;  and that the
Resolutions  are in full force and effect and have not been  modified or revoked
in any manner whatsoever.  The Corporation has no corporate seal, and therefore,
no seal is affixed to this certificate.

IN TESTIMONY WHEREOF, I have hereunto set my hand on January 11, 2000 and attest
that the  signatures  set  opposite  the names  listed  above are their  genuine
signatures.

                                        CERTIFIED TO AND ATTESTED BY:

                                        X   /s/ BOB CARDON
                                         ---------------------------------------
                                        X  Corp. Secretary
                                         ---------------------------------------

NOTE:  In case the  Secretary or other  certifying  officer is designated by the
foregoing  resolutions as one of the signing  officers,  it is advisable to have
this certificate signed by a second Officer or Director of the Corporation.

LASER PRO, Reg. U.S. Pat. & T.M. Off.., Ver. 3.28 (c) 2000 CFI ProServices, Inc.
All rights reserved. [UT-C10 DYNAT.LN)
                                        2

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