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Exhibit 3.27
[LOGO] INDUSTRY CANADA INDUSTRIE CANADA FORM 11 FORMULE 11
ARTICLES OF CONTINUANCE CLAUSES DE PROROGATION
CANADA BUSINESS LOI CANADIENNE SUR LES (SECTION 187) (ARTICLE 187)
CORPORATIONS ACT SOCIETES PAR ACTIONS
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1 - NAME OF CORPORATION DENOMINATION DE LA SOCIETE
MAAX SPAS (B.C.) INC.
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2 - THE PLACE IN CANADA WHERE THE REGISTERED OFFICE IS LIEU AU CANADA OU DOIT ETRE SITUE LE SIEGE SOCIAL
TO BE SITUATED
Judicial district of Beauce, Province of Quebec
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3 - THE CLASSES AND ANY MAXIMUM NUMBER OF SHARES THAT THE CATEGORIES EL TOUT NOMBRE MAXIMAL D'ACTIONS QUE LA
CORPORATION IS AUTHORIZED TO ISSUE SOCIETE ESL AUTORISEE A EMETTRE
an unlimited number of Common shares
without par value
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4 - RESTRICTIONS, IF ANY, ON SHARE TRANSFERS RESTRICTIONS SUR LE TRANSFERT DES ACTIONS, S'IL Y A LIEU
Schedule I annexed hereto is incorporated into
this form.
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5 - NUMBER (OR MINIMUM AND MAXIMUM NUMBER) OF DIRECTORS NOMBRE (OU NOMBRE MINIMAL ET MAXIMAL) D'ADMINISTRATEURS
No less than one (1) and no more than ten (10)
directors
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6 - RESTRICTIONS, IF ANY, ON BUSINESS THE CORPORATION LIMITES IMPOSEES A LACTIVITE COMMERCIALE DE LA SOCIETE,
MAY CARRY ON S'IL Y A LIEU
None
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7 - (1) IF CHANGE OF NAME EFFECTED, PREVIOUS NAME (1) S'IL Y A CHANGEMENT DE DENOMINATION, DENOMINATION
ANTERIEURE
508696 B.C. Ltd. Incorporation November 22, 1995, under British Columbia
Company Act
(2) DETAILS OF INCORPORATION (2) DETAILS DE LA CONSTITUTION
Incorporation November 22, 1995, under British
Columbia Company Act
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8 - OTHER PROVISIONS, IF ANY AUTRES DISPOSITIONS, S'IL Y A LIEU
Schedule II annexed hereto is incorporated into
this form
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DATE SIGNATURE_ TITLE - TITRE
1998-12-15 /s/ Director
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FOR DEPARTMENTAL USE ONLY AL USAGE DU MINISTERE SEULEMENT FILED - DEPOSEE
CORPORATION NO - Ndegrees DE LA SOCIETE 357038-0
30938093 January 12, 1999
SCHEDULE II
Corporation may Borrow Funds
1. If authorized by the Directors and confirmed by ordinary resolution, the
directors of the Corporation may from time to time:
(a) Borrow money upon the credit of the corporation;
(b) Issue, reissue, sell or pledge debt obligations of the Corporation;
and
(c) Mortgage, hypothecate, pledge or otherwise create a security
interest in all or any property of the Corporation, owned or
subsequently acquired to secure any debt obligation.
The words "debt obligations" as used in this paragraph mean bonds, debentures,
notes or other evidences of indebtedness or guarantees of the Corporation,
whether secured on unsecured.
2. The Directors may from time to time by resolution delegate to the
President and the Secretary or to any two individuals (including the
President or the Secretary) each of whom is an officer of the Corporation
all or any of the powers conferred on the Directors by paragraph 1 of this
schedule, to the full extent thereof or such lessor extent as the
Directors may in any such resolution provide.
3. The powers herein conferred shall be deemed to be in supplement of and not
in substitute for any powers to borrow money for the purposes of the
Corporation possessed by its Directors and Officers independently of this
schedule.
Pre-Emptive Rights
It is hereby provided that no shares of a class of shares shall be issued unless
the shares have first been offered to the shareholders holding shares of that
class, and those shareholders have a pre-emptive right to acquire the offered
shares in proportion to their holdings of the shares of that class, at such
price and on such terms as those shares are to be offered to others.
Vacancy Among Directors
Any vacancy among the directors shall be filled by a vote of the shareholders.
Public Distribution of Securities
The distribution of securities of the Corporation to the public is prohibited.
Maximum Number of Shareholders
The number of shareholders of the Corporation is limited to fifty (50),
exclusive of present or former employees of the Corporation or of a subsidiary.