Exhibit 3.2
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Industry Canada Industrie Canada
CERTIFICATE CERTIFICAT
OF AMENDMENT DE MODIFICATION
CANADA BUSINESS LOI CANADIENNE SUR
CORPORATIONS ACT LES SOCIETES PAR ACTIONS
COREL CORPORATION 434590-8
Name of corporation-Denomination Corporation number-Numero de la societe
de la societe
I hereby certify that the articles of Je certifie que les statuts de la
the above-named corporation were societe susmentionnee ont ete modifies:
amended:
a) under section 13 of the Canada [ ] a) en vertu de l'article 13 de la
Business Corporations Act in Loi canadienne sur les
accordance with the attached societes par actions,
notice; conformement a l'avis
ci-joint;
b) under section 27 of the Canada [ ] b) en vertu de l'article 27 de la
Business Corporations Act as set Loi canadienne sur les
out in the attached articles of societes par actions, tel
amendment designating a series qu'il est indique dans les
of shares; clauses modificatrices
ci-jointes designant une serie
d'actions;
c) under section 179 of the Canada [X] c) en vertu de l'article 179 de
Business Corporations Act as set la Loi canadienne sur les
out in the attached articles of societes par actions, tel
amendment; qu'il est indique dans les
clauses modificatrices
ci-jointes;
d) under section 191 of the Canada [ ] d) en vertu de l'article 191 de
Business Corporations Act as set la Loi canadienne sur les
out in the attached articles of societes par actions, tel
reorganization; qu'il est indique dans les
clauses de reorganisation
ci-jointes;
/s/ Richard G. Shaw MARCH 31, 2006 / LE 31 MARS 2006
- ------------------------------------- Date of Amendment - Date de modification
Richard G. Shaw
Director - Directeur
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(GRAPHIC)
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INDUSTRY CANADA INDUSTRIE CANADA FORM 4 FORMULAIRE 4
ARTICLES OF AMENDMENT CLAUSES MODIFICATRICES
CANADA BUSINESS LOI CANADIENNE SUR LES (SECTIONS 27 OR 177) (ARTICLES 27 OU 177)
CORPORATIONS ACT SOCIETES PAR ACTIONS
1 -- Name of the Corporation - Denomination sociale de is societe
COREL CORPORATION
2 -- Corporation No. - No de la societes
434590-8
3 -- The articles of the above-named corporation are amended as follows:
Las statuts de la sociate mentinnee cl-dessus sont modifies de la facon
sulvante:
The articles of the Corporation are amended to:
1. Change each 11.710548 issued and outstanding Common Shares into 1 Common
Share (the "Reverse Share Split"), and any fractional Common Share resulting
from the Reverse Share Split shall be rounded up to the nearest whole Common
Share.
2. Delete the following from section 4 of the certificate and articles of
continuance of the Corporation dated January 27, 2006;
"No shares of the Corporation may be transferred without either:
(a) the approval of the directors of the Corporation expressed by a resolution
passed at a meeting of the board of directors or by an instrument or instruments
in writing signed by a majority of the directors; or
(b) the approval of the holders of at least a majority of the shares of the
Corporation entitling the holders thereof to vote in all circumstances (other
than holders of shares who are entitled to vote separately as a class) for the
time being outstanding expressed by a resolution passed at a meeting of the
holders of such shares or by an instrument or instruments in writing signed by
the holders of a majority of such shares.".
Signature Printed Name - Nom en lettres moultes 4 - Capacity of - En qualite de 5 - Tel. No. -No de tel
/s/ Darren Sukonick Darren Sukonick Authorized officer 416-865-8195
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FOR DEPARTMENTAL USE ONLY
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