BY-LAWSOF
ATI MODULAR TECHNOLOGY CORP.
ANevadaCorporation
ARTICLEI–OFFICES
TheregisteredofficeoftheCorporationintheStateofNevadashallbelocatedintheCityandStatedesignatedintheArticlesofIncorporation.TheCorporationmayalsomaintainofficesatsuchotherplaceswithinorwithouttheStateofNevadaastheBoardofDirectorsmay,fromtimetotime,determine.
ARTICLEII-MEETINGOFSHAREHOLDERS
Section1-AnnualMeetings:(Chapter78.310)[1]
TheannualmeetingoftheshareholdersoftheCorporationshallbeheldatthetimefixed,fromtimetotime,bytheDirectors.
Section2-SpecialMeetings:(Chapter78.310)
SpecialmeetingsoftheshareholdersmaybecalledbytheBoardofDirectorsorsuchpersonorpersonsauthorizedbytheBoardofDirectorsandshallbeheldwithinorwithouttheStateofNevada.
Section3-PlaceofMeetings:(Chapter78.310)
MeetingsofshareholdersshallbeheldattheregisteredofficeoftheCorporation,oratsuchotherplaces, withinorwithouttheStateofNevadaastheDirectorsmayfromtimetotimefix.Ifnodesignationismade,themeetingshallbeheldattheCorporation'sregisteredofficeinthestateofNevada.
Section4-NoticeofMeetings:(Section78.370)
(a) Written or printednotice of each meeting ofshareholders,whether annual or special, signed bythe president, vice president or secretary, stating thetimewhen and place where it is to be held, as well as the purpose or purposes for which the meeting is called, shall beserved either personally or by mail, by or at the direction of thepresident, the secretary, or theofficeror the person calling the meeting, not less than ten ormore than sixtydaysbefore the date ofthe meeting, unless the lapse of the prescribed time shall have been waived before or after the taking ofsuch action, upon eachshareholderof record entitled to vote at such meeting, and toany othershareholderto whom the giving ofnotice may be requiredbylaw. Ifmailed, such notice shall bedeemedto be givenwhen deposited in theUnited States mail, addressed to theshareholder as it appears on thesharetransfer records of the Corporation or to the current address, which a shareholder hasdeliveredto the Corporationin a written notice.
[1] Unless otherwise stated herein all references to “Sections” in these Bylaws refer to those sections contained in Title 78 ofthe Nevada Private Corporations Law.
(b) Furthernoticetoashareholderisnotrequiredwhennoticeoftwoconsecutiveannualmeetings,andallnoticesofmeetingsorofthetakingofactionbywrittenconsentwithoutameetingtohimorherduringtheperiodbetweenthosetwoconsecutiveannualmeetings;orall,andatleasttwopaymentssentbyfirst-classmail of dividends orinterest on securitiesduring a12-month period have been mailedaddressedtohimorherathisorheraddressasshownontherecordsoftheCorporationandhavebeen returnedundeliverable.
Section5-Quorum:(Section78.320)
(a) Exceptasotherwiseprovidedherein,orbylaw,orintheArticlesofIncorporation(suchArticlesandanyamendmentsthereofbeinghereinaftercollectivelyreferredtoasthe"ArticlesofIncorporation"),aquorum shallbepresentatallmeetingsofshareholdersoftheCorporation,iftheholdersofamajorityofthesharesentitledtovoteonthatmatter arerepresentedatthemeetingin personorbyproxy.
(b) Thesubsequentwithdrawalofanyshareholderfromthemeeting,afterthecommencementofameeting,ortherefusalofanyshareholderrepresentedinpersonorbyproxytovote,shallhavenoeffectontheexistenceofaquorum,afteraquorumhasbeenestablishedatsuchmeeting.
(c) Despitetheabsenceofaquorumatanymeetingofshareholders,theshareholderspresentmayadjournthemeeting.
Section6-VotingandAction:(Section78.32O&78.350)
(a) Exceptasotherwiseprovidedbylaw,theArticlesofIncorporation,ortheseBylaws,anycorporateaction,theaffirmativevoteofthemajorityofsharesentitledtovoteonthatmatterandrepresentedeitherinpersonorbyproxyatameetingofshareholdersatwhichaquorumispresent,shallbetheactoftheshareholdersoftheCorporation.
(b) Exceptasotherwiseprovidedbystatute,theCertificateofIncorporation,ortheseBylaws,ateachmeetingofshareholders,eachshareholderoftheCorporationentitledtovotethereat,shallbeentitledtoonevoteforeachshareregisteredinhisnameonthebooksoftheCorporation.
(c) Whereappropriatecommunicationfacilitiesarereasonablyavailable,anyandallshareholdersshallhavetherighttoparticipateinanyshareholders'meeting,bymeansofconferencetelephoneoranymeansofcommunicationsbywhichallpersonsparticipatinginthemeetingareabletoheareachother.
Section7-Proxies:(Section78.355)
Eachshareholderentitledtovoteortoexpressconsentordissentwithoutameeting,maydosoeitherinpersonorbyproxy,solongassuchproxyisexecutedinwritingbytheshareholderhimself,hisauthorizedofficer,director,employeeoragentorbythesignatureofthestockholdertobeaffixedtothewritingbyanyreasonablemeans,including,butnotlimitedto,afacsimilesignature,orbyhisattorney-in-factthere untodulyauthorizedin writing.Everyproxy shallberevocableatwillunlesstheproxyconspicuouslystates thatit is irrevocable and theproxyiscoupled with an interest. Atelegram, telex,cablegram,orsimilartransmissionbytheshareholder,oraphotographic,photostatic,facsimile,shallbe treatedas a valid proxy, and treated as asubstitution of theoriginal proxy,so long as suchtransmission is acompletereproductionexecuted by the shareholder. If it isdetermined that thetelegram, cablegram or otherelectronictransmission isvalid, thepersonsappointedbythe Corporationtocountthevotesofshareholders and determine thevalidity ofproxies andballots or other persons makingthosedeterminationsmust specify the informationupon whichthey relied. Noproxy shall bevalidafter the expiration of sixmonths from the date of its execution,unless otherwise provided in theproxy. Suchinstrument shallbe exhibited to the Secretary atthe meeting and shallbe filed withthe records of the Corporation.Ifanyshareholderdesignatestwo ormore personsto act asproxies, amajorityof those persons present at themeeting, or, if oneis present,then thatone has andmayexercise all of thepowers conferred by the shareholder upon all of thepersons so designated unless the shareholder provides otherwise.
Section8-ActionWithoutaMeeting:(Section78.320)
UnlessotherwiseprovidedforintheArticlesofIncorporationoftheCorporation,anyactiontobetakenatanyannualorspecialshareholders'meeting,maybetakenwithoutameeting,withoutpriornoticeandwithoutavoteifwrittenconsentsaresignedbyamajorityoftheshareholdersoftheCorporation,excepthoweverifadifferentproportionofvotingpowerisrequiredbylaw,theArticlesofIncorporationortheseBylaws, than that proportionof writtenconsents isrequired.Such writtenconsentsmustbe filed with the minutesoftheproceedingsoftheshareholdersofthe Corporation.
ARTICLEIII-BOARDOFDIRECTORS
Section1-Number.Term.ElectionandQualifications:(Section71.115,78.330)
(a) ThefirstBoardofDirectorsandallsubsequentBoardsoftheCorporationshallconsistof,notless than1nor more than9,unlessand untilotherwisedeterminedby vote ofa majorityoftheentireBoard ofDirectors.TheBoardofDirectorsorshareholdersallhavethepower,intheinterimbetweenannualandspecialmeetingsoftheshareholders,toincreaseordecreasethenumberofDirectorsoftheCorporation. A Director need not be a shareholder of the Corporation unless the Certificate ofIncorporation of the Corporation or these Bylaws so require.
(b) ExceptasmayotherwisebeprovidedhereinorintheArticlesofIncorporation,themembersoftheBoardofDirectorsoftheCorporationshallbeelectedatthefirstannualshareholders'meetingandateachannualmeetingthereafter,unlesstheirtermsarestaggeredintheArticlesofIncorporationoftheCorporationortheseBylaws,byapluralityofthevotescast atameetingofshareholders, bytheholders of sharesentitled tovote inthe election.
(c) ThefirstBoardofDirectorsshallholdofficeuntilthefirstannualmeetingofshareholdersanduntiltheirsuccessorshavebeendulyelectedandqualifiedoruntilthereisadecreaseinthenumberofDirectors.Thereinafter,Directorswillbeelectedattheannualmeetingofshareholdersandshallholdofficeuntiltheannualmeetingoftheshareholdersnestsucceedinghiselection,unlesstheirtermsarestaggeredin theArticles ofIncorporationof theCorporation(solong asat leastone-fourthinnumberof the are elected at each annual shareholders' meeting) or these Bylaws, or untilhis prior death, resignationorremoval. Any Directormay resign at anytime uponwritten notice of such resignation tothe Corporation.
(d) AllDirectorsofthe CorporationshallhaveequalvotingpowerunlesstheArticlesofIncorporationoftheCorporationprovidethatthevotingpowerofindividualDirectorsorclassesofDirectorsaregreaterthanorlessthanthatofanyotherindividualDirectorsorclassesofDirectors,andthedifferentvotingpowersmaybestatedintheArticlesofIncorporationormaybe dependentuponanyfactorevent that may be ascertainedoutside the Articles of Incorporationif the mannerin which the fact orevent may operate on those votingpowers isstated intheArticlesof Incorporation.If the Articlesof IncorporationprovidethatanyDirectorshavevotingpowergreaterthanorlessthanotherDirectorsoftheCorporation, every reference in these Bylaws to a majority or a proportion of Directors shall bedeemed to refer to majorityorotherproportionofthevotingpowerofalltheDirectorsorclassesofDirectors,asmaybe requiredbythe Articles ofIncorporation.
Section2-DutiesandPowers:(Section78.120)
TheBoardofDirectorsshallberesponsibleforthecontrolandmanagementofthebusinessandaffairs,propertyandinterestsoftheCorporation,andmayexerciseallpowersoftheCorporation,exceptsuchasthosestatedunderNevadastatelaw,areintheArticlesofIncorporationorbytheseBylaws,expresslyconferred upon or reserved to the shareholders or any other person or persons named therein.
Section3-RegularMeetings:Notice:(Section78.310)
(a) AregularmeetingoftheBoardofDirectorsshallbeheldeitherwithinorwithouttheStateofNevadaatsuchtimeandatsuchplaceastheBoardshallfix.
(b) NonoticeshallberequiredofanyregularmeetingoftheBoardofDirectorsand,ifgiven,neednotspecifythepurposeofthemeeting;provided,howeverthatincasetheBoardofDirectorsshallfixorchangethetimeorplaceofanyregularmeetingwhensuchtimeandplacewasfixedbeforesuchchange,noticeofsuchaction shall begivento eachdirectorwho shallnothavebeen present atthe meeting atwhich suchactionwastakenwithin the timelimited,and inthe manner set forthinthese Bylaws with respect tospecialmeetings, unless such notice shall be waived in the manner set forth in these Bylaws.
Section4-SpecialMeetings:Notice:(Section78.310)
(a) SpecialmeetingsoftheBoardofDirectorsshallbeheldatsuchtimeandplaceasmaybespecifiedin therespectivenoticesorwaiversofnoticethereof.
(b) Exceptasotherwiserequiredstatute,writtennoticeofspecialmeetingsshallbemaileddirectlytoeachDirector,addressedtohimathisresidenceorusualplaceofbusiness,ordeliveredorally,withsufficienttimefortheconvenientassemblyofDirectorsthereat,orshallbesenttohimatsuchplacebytelegram,radio or cable,or shall be deliveredto him personally or given tohim orally,notlater thanthe daybeforethedayonwhichthemeeting istobeheld.Ifmailed,the noticeof anyspecialmeetingshall be deemed to be delivered on the second dayafter it is deposited in the United States mails, so addressed,with postage prepaid. Ifnotice is givenbytelegram, it shall be deemed to bedelivered when the telegram is delivered to the telegraph company. A notice, or waiver of notice,except as required by these Bylaws, need not specify thebusiness to be transacted at or the purpose or purposes of the meeting.
(c) NoticeofanyspecialmeetingshallnotberequiredtobegiventoanyDirectorwhoshallattendsuchmeetingwithoutprotestingpriortheretooratitscommencement,thelackofnoticetohim,orwhosubmitsasignedwaiverofnotice,whetherbeforeorafterthemeeting.Noticeofanyadjournedmeetingshallnotberequiredtobegiven.
Section5-Chairperson:
TheChairpersonoftheBoard,ifanyandifpresent,shallpresideatallmeetingsoftheBoardofDirectors.IfthereshallbenoChairperson,orheorsheshallbeabsent,thenthePresidentshallpreside,andinhisabsence,anyotherdirectorchosenbytheBoardofDirectorsshallpreside.
Section6-QuorumandAdjournments:(Section78.315)
(a) AtallmeetingsoftheBoardofDirectors,oranycommitteethereof,thepresenceofamajorityoftheentireBoard,orsuchcommitteethereof;shallconstituteaquorumforthetransactionofbusiness,exceptasotherwiseprovidedbylaw,bytheCertificateofIncorporation,ortheseBylaws.
(b) Amajorityofthedirectorspresentatthetimeandplaceofanyregularorspecialmeeting,althoughlessthanaquorum,mayadjournthesamefromtimetotimewithoutnotice,whetherornotaquorumexists.NoticeofsuchadjournedmeetingshallbegiventoDirectorsnotpresentattimeoftheadjournmentand,unlessthetimeandplaceoftheadjournedmetingareannouncedatthetimeoftheadjournment,totheotherDirectorswhowerepresentattheadjournedmeeting.
Section7-MannerofActing:(Section78.315)
(a) AtallmeetingsoftheBoardofDirectors,eachdirectorpresentshallhaveonevote,irrespectiveofthenumberofsharesofstock,ifany,whichhemayhold.
(b) Exceptasotherwiseprovidedbylaw,bytheArticlesofIncorporation,orthesebylaws,actionapprovedbyamajorityofthevotesoftheDirectorspresentatanymeetingoranycommitteethereof,atwhichaquorumispresentshallbetheactoftheBoardofDirectorsoranycommitteethereof.
(c) Anyactionauthorizedinwritingmadepriororsubsequenttosuchaction,byalloftheDirectorsentitledtovotethereonandfiledwiththeminutesoftheCorporationshallbetheactoftheBoardofDirectors,orany committeethereof,andhavethesameforceandeffectasifthesamehadbeenpassedbyunanimousvoteata dulycalledmeetingoftheBoardorcommittee forallpurposes.
(c)Whereappropriatecommunicationsfacilitiesarereasonablyavailable,anyoralldirectorsshallhavetherighttoparticipateinanyBoardofDirectorsmeeting,oracommitteeoftheBoardofDirectorsmeeting,bymeansofconferencetelephoneoranymeansofcommunicationbywhichallpersonsparticipating in themeeting are able to hear each other.
Section8-Vacancies:(Section78.335)
(a) UnlessotherwiseprovidedforbytheArticlesofIncorporationoftheCorporation,anyvacancyintheBoardofDirectorsoccurringbyreasonofanincreaseinthenumberofdirectors,orbyreasonofthedeath,resignation,disqualification,removalorinabilitytoactofanydirector,orothercause,shallbefilledbyanaffirmativevoteofamajorityoftheremainingdirectors,thoughlessthanaquorumoftheBoardor by a sole remaining Director, at any regularmeeting or special meetingof the Board ofDirectors called for that purpose except whenever the shareholders ofanyclassorclassesorseriesthereof are entitled to elect one ormore Directors bythe Certificate ofIncorporation ofthe Corporation, vacancies and newlycreated directorshipsof such class or classes or seriesmay be filled bya majorityoftheDirectors electedbysuch classor classesorseries thereof then in office, or by asoleremaining Director so elected.
(b) Unlessotherwiseprovidedforbylaw,theArticlesofIncorporationortheseBylaws,whenoneormore Directorsshallresignfrom theboardandsuchresignationiseffectiveatafuturedate,a majorityofthedirectors,theninoffice,includingthosewhohavesoresigned,shallhavethepowertofillsuchvacancyorvacancies,thevoteotherwisetotakeeffectwhensuchresignationorresignationsshallbecome effective.
Section9-Resignation:(Section78.335)
ADirectormayresignatanytimebygivingwrittennoticeofsuchresignationtotheCorporation.
Section10-Removal:(Section78.335)
UnlessotherwiseprovidedforbytheArticlesofIncorporation,oneormoreoralltheDirectorsoftheCorporationmayberemovedwithorwithoutcauseatanytimebyavoteoftwo-thirdsoftheshareholdersentitledtovotethereon,ataspecialmeetingoftheshareholderscalledforthatpurpose,unlesstheArticles of Incorporationprovide that Directorsmayonly beremoved for cause,providedhowever, such Director shall not beremoved if theCorporationstates in its Articles of Incorporationthat its Directorsshall be elected bycumulative votingand there are a sufficientnumber of shares cast against his or herremoval, whichifcumulativelyvotedat anelectionofDirectorswould besufficienttoelecthim orher.If a Director was elected by a votinggroup of shareholders, onlythe shareholders of thatvoting groupmay participateinthevotetoremovethatDirector.
Section11-Compensation:(Section78.140)
TheBoardofDirectorsmayauthorizeandestablishreasonablecompensationoftheDirectorsforservicestotheCorporationasDirectors,including,butnotlimitedtoattendanceatanyannualorspecialmeetingoftheBoard.
Section12Committees:(Section78.125)
UnlessotherwiseprovidedforbytheArticlesofIncorporationoftheCorporation,theBoardofDirectors,mayfromtimetotimedesignatefromamongitsmembersoneormorecommittees,andalternatemembersthereof,asthey deemdesirable,each consistingofone or more members,with such powersandauthority(totheextentpermittedby lawandtheseBylaws)asmaybeprovidedinsuchresolution.UnlesstheArticlesofIncorporationorBylawsstateotherwise,theBoardofDirectorsmayappointnaturalpersonswhoare not Directors to serve on suchcommittees authorized herein. Eachsuch committee shall serve at the pleasure of the Board and, unless otherwise stated by law, the Certificate of Incorporation of the Corporation or these Bylaws, shall be governed by the rules and regulations stated herein regarding the Board of Directors.
ARTICLEIV-OFFICERS
Section1-Number,Qualifications,ElectionandTermofOffice:(Section78.130)
(a) TheCorporation'sofficersshallhavesuchtitlesanddutiesasshallbestatedintheseBylawsorinaresolutionoftheBoardofDirectorswhichisnotinconsistentwiththeseBylaws.TheofficersoftheCorporationshallconsistofapresident,secretaryandtreasurer,andalsomayhaveoneormorevicepresidents,assistantsecretariesandassistanttreasurersandsuchotherofficersastheBoardofDirectorsmay from time totime deem advisable. Any officermayhold two ormore offices in theCorporation.
(b) TheofficersoftheCorporationshallbeelectedbytheBoardofDirectorsattheregularannualmeetingoftheBoardfollowingtheannualmeetingofshareholders.
(c) EachofficershallholdofficeuntiltheannualmeetingoftheBoardofDirectorsnextsucceedinghiselection,anduntilhissuccessorshallhavebeendulyelectedandqualified,subjecttoearlierterminationbyhisorherdeath,resignationorremoval.
Section2-Resignation:
AnyofficermayresignatanytimebygivingwrittennoticeofsuchresignationtotheCorporation.
Section3-Removal:
AnyofficerelectedbytheBoardofDirectorsmayberemoved,eitherwithorwithoutcause,andasuccessorelectedbytheBoardatanytime,andanyofficerorassistantofficer,ifappointedbyanotherofficer,maylikewiseberemovedbysuchofficer.
Section4-Vacancies:
(a)Avacancy,howevercaused,occurringintheBoardandanynewlycreatedDirectorshipsresulting fromanincreaseintheauthorizednumberofDirectorsmaybefilledbytheBoardofDirectors.
Section5-Bonds:
TheCorporationmayrequireanyorallofitsofficersorAgentstopostabond,orotherwise,totheCorporationforthefaithfulperformanceoftheirpositionsorduties.
Section6-Compensation:
ThecompensationoftheofficersoftheCorporationshallbefixedfromtimetotimebytheBoardofDirectors.
ARTICLEV-SHARESOFSTOCK
Section1-CertificateofStock:(Section78.235)
(a) ThesharesoftheCorporationshallberepresentedbycertificatesorshallbeuncertifiedshares.
(b) CertificatedsharesoftheCorporationshallbesigned,(eithermanuallyorbyfacsimile),bytheofficersoragentsdesignatedbytheCorporationforsuchpurposes,andshall;certifythenumberofsharesownedbyhimintheCorporation.Wheneveranycertificateiscountersignedorotherwiseauthenticatedby atransfer agentor transferclerk,andby aregistrar,thena facsimileofthe signatures oftheofficersor agents, the transfer agent or transfer clerk or the registrar of theCorporationmay be printed or lithographed upon thecertificate in lien of theactualsignatures. If theCorporation uses facsimile signatures of its officers and agents onits stockcertificates, it cannot act as registrar of its own stock, but its transferagent andregistrarmaybeidenticaliftheinstitution actinginthosedualcapacitiescountersigns or otherwise authenticates any stock certificates in both capacities. If anyofficer who hassignedorwhosefacsimilesignaturehasbeenplaceduponsuchcertificate,shallhaveceasedtobesuch officer before such certificate is issued, it may beissued by the Corporationwith thesame effect as if he weresuchofficeratthedateofitsissue.
(c) IftheCorporationissuesuncertificatedsharesasprovidedforintheseBylaws,withinareasonabletimeaftertheissuanceortransferofsuchuncertificatedshares,andatleastannuallythereafter,theCorporationshallsendtheshareholderawritten statementcertifyingthenumberofsharesownedby suchshareholderintheCorporation.
(d) Exceptasotherwiseprovidedbylaw,therightsandobligationsoftheholdersofuncertificatedsharesandtherightsandobligationsoftheholdersofcertificatesrepresentingsharesofthesameclassandseriesshallbeidentical.
Section2-LostorDestroyedCertificates:(Section104.8405)
TheBoardofDirectorsmaydirectanewcertificateorcertificatestobeissuedinplaceofanycertificateorcertificatestheretoforeissuedbytheCorporationallegedtohavebeenlost,stolen,ordestroyediftheowner:
(a) sorequestsbeforetheCorporationhasnoticethattheshareshavebeenacquiredbyabonafidepurchaser,
(b) fileswiththeCorporationasufficientindemnitybond, and
(c) satisfiessuchotherrequirements,includingevidenceasmaybeimposedbytheCorporation.
Section3-TransfersofShares:(Section104.8401,104.8406&104.8416)
(a) TransfersorregistrationoftransfersofsharesoftheCorporationshallbemadeonthestocktransfer booksoftheCorporationbytheregisteredholderthereof,orbyhisattorneydulyauthorizedbyawrittenpowerofattorney;andinthecaseofsharesrepresentedbycertificates,onlyafterthesurrendertotheCorporationofthecertificatesrepresentingsuchshareswithsuchsharesproperlyendorsed,withsuchevidenceoftheauthenticityofsuchendorsement,transfer,authorizationandothermattersasthe Corporation may reasonably require,and thepayment of all stock transfer taxes due thereon.
(b) TheCorporationshallbeentitledtotreattheholderofrecordofanyshareorsharesastheabsoluteownerthereofforallpurposesand,accordingly,shallnotbeboundtorecognizeanylegal,equitableorotherclaimto,orinterestin,suchshareorsharesonthepartofanyotherperson,whetherornotitshallhaveexpressorothernoticethereof,exceptasotherwiseexpresslyprovidedbylaw.
Section4-RecordDate:(Section782215&78.350)
(a) TheBoardofDirectorsmayfix,inadvance,whichshallnotbemorethansixtydaysbeforethemeetingoractionrequiringadeterminationofshareholders,astherecorddateforthedeterminationofshareholdersentitledtoreceivenoticeof,ortovoteat,anymeetingofshareholders,ortoconsenttoanyproposalwithout ameeting,or for the purpose of determining shareholders entitledto receivepayment of anydividends, orallotmentof anyrights,or for thepurpose of anyother action.If norecord date isfixed, the record date for shareholders entitled to notice of meeting shall be at the close ofbusiness on thedaypreceding theday onwhichnotice isgiven, or,if nonotice is given, thedayon which themeetingis held, or if notice is waived, at the close of business on the day before the day on which the meeting is held.
(b) TheBoardofDirectorsmayfixarecorddate,whichshallnotprecedethedateuponwhichtheresolutionfixingtherecorddateisadoptedforshareholdersentitledtoreceivepaymentofanydividendorotherdistributionorallotmentofanyrightsofshareholdersentitledtoexerciseanyrightsinrespectofanychange, conversion or exchange of stock, or forthe purpose of any other lawful action.
(c) Adeterminationofshareholdersentitledtonoticeofortovoteatashareholders'meetingiseffectiveforanyadjournmentofthemeetingunlesstheBoardofDirectorsfixesanewrecorddatefortheadjournedmeeting.
Section5-FractionsofShares/Scrip:(Section78.205)
TheBoardofDirectorsmayauthorizetheissuanceofcertificatesorpaymentofmoneyforfractionsofashare,eitherrepresented byacertificate or uncertificated,which shallentitletheholdertoexercisevotingrights,receivedividendsandparticipateinanyassetsoftheCorporationintheeventofliquidation,inproportiontothe fractional holdings; oritmayauthorizethepaymentincaseofthefair valueof fractionsofashareasofthetimewhenthoseentitledtoreceivesuchfractionsaredetermined;oritmayauthorizetheissuance,subject tosuchconditionsasmay bepermittedbylaw,ofscrip inregistered orbearer form over the manual or facsimile signature of an officer or agent of the Corporation or its agent for that purpose, exchangeable as therein provided for fullshares, but such scrip shall not entitle the holder to any rightsofshareholder,exceptasthereinprovided.Thescrip may containprovisionsorconditionsthatthe Corporationdeemsadvisable.Ifascripceasestobeexchangeableforfullsharecertificates,theshares thatwouldotherwisehavebeenissuableasprovidedonthescriparedeemedtobetreasurysharesunless the scrip contains other provisions for their disposition.
ARTICLEVI-DIVIDENDS(Section78.215&78.288)
(a) Dividendsmaybedeclaredandpaidoutofanyfundsavailabletherefor,asoften,insuchamounts,andatsuchtimeortimesastheBoardofDirectorsmaydetermineandsharesmaybeissuedprorataandwithoutconsiderationtotheCorporation'sshareholdersortotheshareholdersofoneormoreclassesorseries.
(b) Sharesofoneclassorseriesmaynotbeissuedasasharedividendtoshareholdersofanotherclassorseriesunless: (i)soauthorizedbytheArticlesofIncorporation; (ii) amajorityoftheshareholdersoftheclassorseriestobeissuedapprovetheissue;or (iii) therearenooutstandingsharesoftheclassorseriesofsharesthatareauthorizedtobeissued.
ARTICLEVII-FISCALYEAR
ThefiscalyearoftheCorporationshallbefixed,andshallbesubjecttochangebytheBoardofDirectorsfromtimetotime,subjecttoapplicablelaw.
ARTICLEVIII-CORPORATESEAL(Section78.065)
Thecorporateseal,ifany,shallbeinsuchformasshallbeprescribedandaltered,fromtimetotime,bytheBoardofDirectors.TheuseofasealorstampbytheCorporationoncorporatedocumentsisnotnecessaryandthelackthereofshallnotinanywayaffectthelegalityofacorporatedocument.
ARTICLEIX-AMENDMENTS
Section1-ByShareholders:
AllBylawsoftheCorporationshallbesubjecttoalterationorrepeal,andnewBylawsmaybemade,byamajorityvoteoftheshareholdersatthetimeentitledtovoteintheelectionofDirectorseventhoughtheseBylawsmayalsobealtered,amendedorrepealedbytheBoardofDirectors.
Section2-ByDirectors:(Section78.120)
TheBoardofDirectorsshallhavepowertomake,adopt,alter,amendandrepeal,fromtimetotime,BylawsoftheCorporation.
ARTICLEX-.WAIVEROFNOTICE:(Section78.375)
Wheneveranynoticeisrequiredtobegivenbylaw,theArticlesofIncorporationortheseBylaws,awrittenwaiversignedbythepersonorpersonsentitledtosuchnotice,whetherbeforeorafterthemeetingbyanyperson,shallconstituteawaiverofnoticeofsuchmeeting.
ARTICLEXI-INTERESTEDDIRECTORS:(Section78.140)
NocontractortransactionshallbevoidorvoidableifsuchcontractortransactionisbetweenthecorporationandoneormoreofitsDirectorsorOfficers,orbetweentheCorporationandanyothercorporation,partnership,association,orotherorganizationinwhichoneormoreofitsDirectorsorOfficers,are directors or officers,or havea financial interest, when such Director orOfficer ispresent at or participatesinthemeeting ofthe Board, orthecommittee ofthe shareholders which authorizes thecontract or transaction or his, her ortheir votes are counter forsuchpurpose, if:
(a) thematerialfactsastohis,herortheirrelationshiporinterestandastothecontractortransactionaredisclosedorareknowntotheBoardofDirectorsorthecommitteeandarenotedintheminutesofsuchmeeting,andtheBoardorcommitteeingoodfaithauthorizesthecontractortransactionbytheaffirmativevotesofamajorityofthedisinterestedDirectors,eventhoughthedisinterestedDirectorsbe less than aquorum; or
(b) thematerialfactsastohis,herortheirrelationshiporrelationshipsorinterestorinterestsandastothecontractortransactionaredisclosedorareknowntotheshareholdersentitledtovotethereon,andthecontractortransactionisspecificallyapprovedingoodfaithbyvoteoftheshareholders;or
(c) thecontractortransactionisfairastotheCorporationasofthetimeitisauthorized,approvedorratified,bytheBoardofDirectors,acommitteeoftheshareholders;or
(d) thefactofthecommondirectorship,officeorfinancialinterestisnotdisclosedorknowntotheDirectororOfficeratthetimethetransactionisbroughtbeforetheBoardofDirectorsoftheCorporationforsuchaction.
SuchinterestedDirectorsmaybecountedwhendeterminingthepresenceofaquorumattheBoardofDirectors'orcommitteemeetingauthorizingthecontractortransaction.
ARTICLEXII-ANNUALLISTOFOFFICERS.DIRECTORSANDREGISTEREDAGENT:
(Section78.150&78.165)
TheCorporationshall,withinsixtydaysafterthefilingofitsARTICLESOFIncorporationwiththeSecretary ofState, and annually thereafteronor beforethelastday ofthe month inwhichthe anniversarydate ofincorporationoccurseach year,filewiththeSecretaryofStatea list ofits president, secretaryandtreasurerandallofitsDirectors,alongwiththepostofficeboxorstreetaddress,eitherresidenceorbusiness,andadesignationofitsresidentagentinthestateofNevada.Suchlistshall becertifiedbyan officer of the Corporation.
