Minutes - 23

22

Thereupon the following resolution was presented providing for form of stock certificate duly seconded and unanimously adopted.

Forms of Preferred and Common Stock

Resolved by the Board of Directors of the Houston Oil Company of Texas that the following forms of common and preferred stock be and the same are here by adopted.

Temporary Certificate

Incorporated under the laws of the state of Texas
Number Shares
Houston Oil Company of Texas
Capital stock $30,000,000

Preferred $10,000,000 Common $20,000,000

This certifies that __________________ is the holder of ___________shares of the par value of One Hundred Dollars each of the Common Capital stock of the
Houston Oil Company of Texas
Full paid and non assessable
Subject to all the rights and preferences of the Preferred Stockholders as set forth in the Charter and Bylaws of the Company and transferable only on the books of the Company in person or by an attorney on surrender of this certificate properly endorsed.
Witness the seal of the Company and the signature of its President and Secretary at Houston, Texas the _______ day of ________.

__________ __________
Secretary President

$100