EXHIBIT 3.1
THIS COMPOSITE ARTICLES OF INCORPORATION OF JAG MEDIA HOLDINGS, INC. (THE
"CORPORATION") REFLECTS THE CURRENT PROVISIONS OF THE CORPORATION'S ARTICLES OF
INCORPORATION, AS FILED ON DECEMBER 16, 1997, AND ALL AMENDMENTS THERETO AND ALL
CERTIFICATES OF DESIGNATION RELATED THERETO FILED WITH THE NEVADA SECRETARY OF
STATE PRIOR TO THE ABOVE DATE.
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IN CASE YOU STILL HOLD SHARES OF THE CORPORATION'S ORIGINAL COMMON STOCK WHICH
IS NO LONGER OUTSTANDING, SEE THE CORPORATION'S CERTIFICATE OF AMENDMENT FILED
APRIL 8, 2002 (EXHIBIT 3.1 TO THE CORPORATION'S CURRENT REPORT ON FORM 8-K
FILED ON APRIL 17, 2002) FOR PROVISIONS RELATED TO THE EXCHANGE OF THOSE SHARES
IN CONNECTION WITH THE CORPORATION'S PRIOR RECAPITALIZATION.
Note: This Is Not an Amendment or a Restatement of the Corporation's Articles of
Incorporation under the Laws of the State of Nevada.
COMPOSITE
ARTICLES OF INCORPORATION
OF
JAG MEDIA HOLDINGS, INC.
FIRST
The name of the Corporation is JAG MEDIA HOLDINGS, INC.
SECOND
Its principal office in the state of Nevada is located at 1 East First
Street, Suite 1411, Reno, Nevada 89501. The name and address of its resident
agent is The Corporation Trust Company of Nevada, 1 East First Street, Suite
1411, Reno, Nevada 89501.
THIRD
The purpose or purposes for which the corporation is organized:
To engage in and carry on any lawful business activity or trade, and
any activities necessary, convenient, or desirable to accomplish such purposes,
not forbidden by law or by these articles of incorporation.
FOURTH
The aggregate number of shares which the Corporation shall have the
authority to issue is Five Hundred Fifty Million Four Hundred Forty Thousand
(550,440,000) of which: (a) Five Hundred Million (500,000,000) shares shall be
common stock, par value $0.00001; (b) Four Hundred Forty Thousand (440,000)
shares shall be Class B common stock, par value $0.00001, of which (i) Four
Hundred Thousand (400,000) shares shall be designated as "Series 2 Class B
common stock" and (ii) Forty Thousand (40,000) shares shall be designated as
"Series 3 Class B common stock"; and (c) Fifty Million (50,000,000) shares shall
be preferred stock, par value $0.00001.
Upon this Certificate of Amendment of Articles of Incorporation becoming
effective pursuant to the laws of the State of Nevada [the one which became
effective June 4, 2004] (the "Effective Time"), each share of the Corporation's
Class A common stock, par value $0.00001, then issued, and each share of the
Corporation's Series 1 Class B common stock, par value $0.00001, then issued, in
each case including shares held in the treasury of the Corporation, shall be
reclassified as one (1) share of fully paid and nonassessable common stock. As
soon as practicable after the Effective Time, the Corporation's transfer agent
shall mail a transmittal letter to each record holder, as of immediately prior
to the Effective time, of the Class A common stock and Series 1 Class B common
stock requiring each holder to exchange his or her certificate. Each holder of
any certificate or certificates that immediately prior to the Effective Time
represented the Class A common stock and Series 1 Class B common stock, upon
surrender of a certificate or certificates to the Corporation or its transfer
agent and confirmation of the name(s) of the record and beneficial owner(s) of
the shares represented by such certificate, shall be entitled to receive,
subject to the succeeding sentence, certificates representing a number of shares
of common stock equal to the number of shares of Class A common stock and the
number of shares of Series 1 Class B common stock reflected on the surrendered
certificate or certificates. The Corporation will not issue certificates
representing fractional shares of common stock. All stockholders of record on
the record date must surrender the physical share certificates representing
shares of the Corporation's Class A common stock and Series 1 Class B common
stock for new share certificates representing the common stock.
1. Common Stock.
The voting powers, designations, preferences, limitations, restrictions and
relative rights of the common stock shall be as follows:
(A) VOTING RIGHTS. Except as required by law, at every meeting of
stockholders of the Corporation, every holder of common stock shall be entitled
to one vote, in person or by proxy, for each share of common stock outstanding
in such holder's name on the stock transfer records of the Corporation.
(B) DISTRIBUTION OF ASSETS. Upon the dissolution, liquidation or winding up
of the Corporation, subject to the rights, if any, of the holders of any other
of the Corporation's securities, the holders of the common stock, Series 2 Class
B common stock and Series 3 Class B common stock will be entitled to receive all
the assets of the Corporation available for distribution to its stockholders
ratably in proportion to the number of shares held by them.
(C) DIVIDENDS. Holders of common stock, Series 2 Class B common stock and
Series 3 Class B common stock shall be entitled to receive, on an equal basis,
such dividends, payable in cash or otherwise, as may be declared thereon by the
Board of Directors from time to time out of the assets or funds of the
Corporation legally available therefor.
2. Series 2 Class B common stock
(A) DESIGNATION AND AMOUNT. The shares of such series shall be designated
as "Series 2 Class B common stock" and the number of shares constituting such
series shall be Four Hundred Thousand (400,000).
(B) NO VOTING RIGHTS. Except as required by law, holders of shares of
Series 2 Class B common stock shall not be entitled or permitted to vote on any
matter required or permitted to be voted upon by the stockholders of the
Corporation.
(C) DISTRIBUTION OF ASSETS. Upon the dissolution, liquidation or winding up
of the Corporation, subject to the rights, if any, of the holders of any of the
Corporation's securities other than common stock, the holders of the Series 2
Class B common stock, Series 3 Class B common stock and common stock will be
entitled to receive all the assets of the Corporation available for distribution
to its stockholders ratably in proportion to the number of shares held by them.
(D) DIVIDENDS. Holders of Series 2 Class B common stock, Series 3 Class B
common stock and common stock shall be entitled to receive, on an equal basis,
such dividends, payable in cash or otherwise, as may be declared thereon by the
Board of Directors from time to time out of the assets or funds of the
Corporation legally available therefor.
(E) MANDATORY REDEMPTION. (1) No redemption of the Series 2 Class B common
stock shall be authorized or made except as provided herein. Each share of the
Series 2 Class B common stock must be redeemed by the Corporation, to the
fullest extent permitted by law, within six (6) months (or as soon thereafter as
permitted by law) following final resolution of the Corporation's lawsuit
against certain brokerage firms (JAG Media Holdings, Inc. v. A.G. Edwards & Sons
et al) which is, as of the date of this resolution, pending in U.S. District
Court for the Southern District of Texas or any successor or other lawsuit
relating to the subject matter thereof in which the Corporation (or any
successor-in-interest) is named as a plaintiff (the "Lawsuit"), which date shall
be determined by the Board of Directors (the "Redemption Date"). The Redemption
Price for each share of the Series 2 Class B common stock shall be equal to the
greater of (i) par value or (ii) the amount obtained by dividing (a) ninety
percent of the net proceeds to the Corporation of the Lawsuit after payment of
fees and expenses incurred in connection with such lawsuit and all taxes on net
income accrued or paid with respect to such amount, by (b) the total number of
shares of Series 2 Class B common stock issued and outstanding as of the
Redemption Date, which amount shall be rounded to the nearest whole cent. Notice
of the redemption by the Corporation of the outstanding shares of Series 2 Class
B common stock (the "Redemption Notice") shall be given by first class mail,
postage prepaid, mailed not less than 30 days prior to the Redemption Date, to
each holder of record of the shares to be redeemed, at such holder's address as
the same appears on the stock register of the Corporation; provided, however,
that no failure to give such notice, nor any deficiency therein, shall affect
the validity of the procedure for the redemption of any shares of Series 2 Class
B common stock to be redeemed except as to the holder or holders to whom the
Company has failed to give such notice or whose notice was defective. The
Redemption Notice shall state:
(A) the Redemption Price;
(B) the Redemption Date;
(C) that the holder is to surrender to the Corporation, at the place
or places, which shall be designated in such redemption notice, its
certificates representing the shares of Series 2 Class B common stock to be
redeemed;
(D) that dividends on the shares of the Series 2 Class B common stock
to be redeemed shall cease to accumulate on the day prior to the Redemption
Date unless the Corporation defaults in the payment of the Redemption
Price; and
(E) the name of any bank or trust company performing the duties
referred to in subsection (e)(5) below.
(2) On or before the Redemption Date, each holder of Series 2 Class B
common stock to be redeemed shall surrender the certificate or certificates
representing such shares of Series 2 Class B common stock to the Company, in the
manner and at the place designated in the Redemption Notice, and on the
Redemption Date the Redemption Price for such shares shall be payable to the
holder thereof whose name appears on such certificate or certificates and who
appears on the stock transfer records of the Corporation as the owner thereof,
and the shares represented by each surrendered certificate shall be returned to
authorized but unissued shares.
(3) Unless the Company defaults in the payment in full of the Redemption
Price, dividends on the Series 2 Class B common stock called for redemption
shall cease to accumulate on the day prior to the Redemption Date, and the
holders of such shares shall cease to have any further rights with respect
thereto on the Redemption Date, other than the right to receive the Redemption
Price, without interest.
(4) If a Redemption Notice shall have been duly given, and if, on or before
the Redemption Date specified therein, all funds necessary for such redemption
shall have been set aside by the Corporation, separate and apart from its other
funds, in trust for the pro rata benefit of the holders of the Series 2 Class B
common stock called for redemption so as to be and continue to be available
therefor, then, notwithstanding that any certificate for shares so called for
redemption shall not have been surrendered for cancellation, all shares so
called for redemption shall no longer be deemed outstanding, and all rights with
respect to such shares shall forthwith on such Redemption Date cease and
terminate, except only the right of the holders thereof to receive the amount
payable on redemption thereof, without interest.
(5) If a Redemption Notice shall have been duly given or if the Corporation
shall have given to the bank or trust company hereinafter referred to
irrevocable authorization promptly to give such notice, and if on or before the
Redemption Date specified therein the funds necessary for such redemption shall
have been deposited by the Corporation with such bank or trust company in trust
for the pro rata benefit of the holders of the Series 2 Class B common stock
called for redemption, then, notwithstanding that any certificate for shares so
called for redemption shall not have been surrendered for cancellation, from and
after the time of such deposit, all shares so called, or to be so called
pursuant to such irrevocable authorization, for redemption shall no longer be
deemed to be outstanding and all rights with respect to such shares shall
forthwith cease and terminate, except only the right of the holders thereof to
receive from such bank or trust company at any time after the time of such
deposit the funds so deposited, without interest. The aforesaid bank or trust
company shall be organized and in good standing under the laws of the United
States of America or of any state thereof. Any interest accrued on such funds
shall be paid to the Corporation from time to time. Any funds so set aside or
deposited, as the case may be, and unclaimed at the end of three years from such
Redemption Date shall, to the extent permitted by law, be released or repaid to
the Corporation, after which repayment the holders of the shares so called for
redemption shall look only to the Corporation for payment thereof.
(6) All interpretations of the redemption provisions contained in this
Section (e) and all determinations required to be made in connection with the
Redemption Date and the Redemption Price, including, without limitation, the
determination of which successor or related actions or proceedings may
constitute a Lawsuit (as defined herein), shall be within the discretion of the
Board of Directors and any such determination by the Board of Directors shall be
final and conclusive, and actions by the
Corporation in respect of this Section (e) shall be taken at the direction of
the Board of Directors. The Board of Directors may, but need not, appoint such
agents, attorneys-in-fact and trustees as and with such revocable and
irrevocable powers as it deems appropriate in its sole discretion to carry out
the redemption provided for herein.
(F) NO REISSUANCE OF SERIES 2 CLASS B COMMON STOCK. None of the shares of
Series 2 Class B common stock acquired by the Corporation by reason of
redemption, purchase, or otherwise shall be reissued.
(G) BUSINESS DAY. If any payment or redemption shall be required by the
terms hereof to be made on a day that is not a Business Day, such payment or
redemption shall be made on the immediately succeeding Business Day. For the
purposes of this Resolution, Business Day shall mean any day other than a
Saturday, Sunday, national or relevant state holiday or any other day on which
commercial banks in New York City are authorized or required by law to be
closed.
(H) LEGEND. The Series 2 Class B common stock will bear a legend to the
following effect:
THE MANDATORY REDEMPTION PROVISIONS, DIVIDEND RIGHTS, VOTING POWERS,
PREFERENCES, LIMITATIONS, RESTRICTIONS AND OTHER RIGHTS OF THE SERIES 2 CLASS B
COMMON STOCK OF THE CORPORATION ARE SET FORTH IN FULL IN THE CERTIFICATE OF
DESIGNATION OF THE SERIES 2 CLASS B COMMON STOCK OF THE CORPORATION, WHICH IS ON
FILE WITH THE SECRETARY OF STATE OF THE STATE OF NEVADA AND AVAILABLE FREE OF
CHARGE FROM THE SECRETARY OF THE CORPORATION UPON THE REQUEST OF ANY STOCKHOLDER
OF THE CORPORATION.
3. Series 3 Class B common stock
(A) DESIGNATION AND AMOUNT. The shares of such series shall be designated
as "Series 3 Class B common stock" and the number of shares constituting such
series shall be Forty Thousand (40,000).
(B) NO VOTING RIGHTS. Except as required by law, holders of shares of
Series 3 Class B common stock shall not be entitled or permitted to vote on any
matter required or permitted to be voted upon by the stockholders of the
Corporation.
(C) DISTRIBUTION OF ASSETS. Upon the dissolution, liquidation or winding up
of the Corporation, subject to the rights, if any, of the holders of any of the
Corporation's securities other than common stock, the holders of the Series 3
Class B common stock, Series 2 Class B common stock and common stock will be
entitled to receive all the assets of the Corporation available for distribution
to its stockholders ratably in proportion to the number of shares held by them.
(D) DIVIDENDS. Holders of Series 3 Class B common stock, Series 2 Class B
common stock and common stock shall be entitled to receive, on an equal basis,
such dividends, payable in cash or otherwise, as may be declared thereon by the
Board of Directors from time to time out of the assets or funds of the
Corporation legally available therefor.
(E) MANDATORY REDEMPTION. (1) No redemption of the Series 3 Class B common
stock shall be authorized or made except as provided herein. Each share of the
Series 3 Class B common stock must be redeemed by the Corporation, to the
fullest extent permitted by law, within six (6) months (or as soon thereafter as
permitted by law) following final resolution of the Corporation's lawsuit
against certain brokerage firms (JAG Media Holdings, Inc. v. A.G. Edwards & Sons
et al) which is, as of the date of this
resolution, pending in U.S. District Court for the Southern District of Texas or
any successor or other lawsuit relating to the subject matter thereof in which
the Corporation (or any successor-in-interest) is named as a plaintiff (the
"Lawsuit"), which date shall be determined by the Board of Directors (the
"Redemption Date"). The Redemption Price for each share of the Series 3 Class B
common stock shall be equal to the greater of (i) par value or (ii) .0025% of
ten percent of the net proceeds to the Corporation of the Lawsuit after payment
of fees and expenses incurred in connection with such lawsuit and all taxes on
net income accrued or paid with respect to such amount, which amount shall be
rounded to the nearest whole cent. Notice of the redemption by the Corporation
of the outstanding shares of Series 3 Class B common stock (the "Redemption
Notice") shall be given by first class mail, postage prepaid, mailed not less
than 30 days prior to the Redemption Date, to each holder of record of the
shares to be redeemed, at such holder's address as the same appears on the stock
register of the Corporation; provided, however, that no failure to give such
notice, nor any deficiency therein, shall affect the validity of the procedure
for the redemption of any shares of Series 3 Class B common stock to be redeemed
except as to the holder or holders to whom the Company has failed to give such
notice or whose notice was defective. The Redemption Notice shall state:
(A) the Redemption Price;
(B) the Redemption Date;
(C) that the holder is to surrender to the Corporation, at the place
or places, which shall be designated in such redemption notice, its
certificates representing the shares of Series 3 Class B common stock to be
redeemed;
(D) that dividends on the shares of the Series 3 Class B common stock
to be redeemed shall cease to accumulate on the day prior to the Redemption
Date unless the Corporation defaults in the payment of the Redemption
Price; and
(E) the name of any bank or trust company performing the duties
referred to in subsection (e)(5) below.
(2) On or before the Redemption Date, each holder of Series 3 Class B
common stock to be redeemed shall surrender the certificate or certificates
representing such shares of Series 3 Class B common stock to the Company, in the
manner and at the place designated in the Redemption Notice, and on the
Redemption Date the Redemption Price for such shares shall be payable to the
holder thereof whose name appears on such certificate or certificates and who
appears on the stock transfer records of the Corporation as the owner thereof,
and the shares represented by each surrendered certificate shall be returned to
authorized but unissued shares.
(3) Unless the Company defaults in the payment in full of the Redemption
Price, dividends on the Series 3 Class B common stock called for redemption
shall cease to accumulate on the day prior to the Redemption Date, and the
holders of such shares shall cease to have any further rights with respect
thereto on the Redemption Date, other than the right to receive the Redemption
Price, without interest.
(4) If a Redemption Notice shall have been duly given, and if, on or before
the Redemption Date specified therein, all funds necessary for such redemption
shall have been set aside by the Corporation, separate and apart from its other
funds, in trust for the pro rata benefit of the holders of the Series 3 Class B
common stock called for redemption so as to be and continue to be available
therefor, then, notwithstanding that any certificate for shares so called for
redemption shall not have been surrendered for cancellation, all shares so
called for redemption shall no longer be deemed outstanding, and all rights with
respect to such shares shall forthwith on such Redemption Date cease and
terminate, except only the
right of the holders thereof to receive the amount payable on redemption
thereof, without interest.
(5) If a Redemption Notice shall have been duly given or if the Corporation
shall have given to the bank or trust company hereinafter referred to
irrevocable authorization promptly to give such notice, and if on or before the
Redemption Date specified therein the funds necessary for such redemption shall
have been deposited by the Corporation with such bank or trust company in trust
for the pro rata benefit of the holders of the Series 3 Class B common stock
called for redemption, then, notwithstanding that any certificate for shares so
called for redemption shall not have been surrendered for cancellation, from and
after the time of such deposit, all shares so called, or to be so called
pursuant to such irrevocable authorization, for redemption shall no longer be
deemed to be outstanding and all rights with respect to such shares shall
forthwith cease and terminate, except only the right of the holders thereof to
receive from such bank or trust company at any time after the time of such
deposit the funds so deposited, without interest. The aforesaid bank or trust
company shall be organized and in good standing under the laws of the United
States of America or of any state thereof. Any interest accrued on such funds
shall be paid to the Corporation from time to time. Any funds so set aside or
deposited, as the case may be, and unclaimed at the end of three years from such
Redemption Date shall, to the extent permitted by law, be released or repaid to
the Corporation, after which repayment the holders of the shares so called for
redemption shall look only to the Corporation for payment thereof.
(6) All interpretations of the redemption provisions contained in this
Section (e) and all determinations required to be made in connection with the
Redemption Date and the Redemption Price, including, without limitation, the
determination of which successor or related actions or proceedings may
constitute a Lawsuit (as defined herein), shall be within the discretion of the
Board of Directors and any such determination by the Board of Directors shall be
final and conclusive, and actions by the Corporation in respect of this Section
(e) shall be taken at the direction of the Board of Directors. The Board of
Directors may, but need not, appoint such agents, attorneys-in-fact and trustees
as and with such revocable and irrevocable powers as it deems appropriate in its
sole discretion to carry out the redemption provided for herein.
(F) NO REISSUANCE OF SERIES 3 CLASS B COMMON STOCK. None of the shares of
Series 3 Class B common stock acquired by the Corporation by reason of
redemption, purchase, or otherwise shall be reissued.
(G) BUSINESS DAY. If any payment or redemption shall be required by the
terms hereof to be made on a day that is not a Business Day, such payment or
redemption shall be made on the immediately succeeding Business Day. For the
purposes of this Resolution, Business Day shall mean any day other than a
Saturday, Sunday, national or relevant state holiday or any other day on which
commercial banks in New York City are authorized or required by law to be
closed.
(H) LEGEND. The Series 3 Class B common stock will bear a legend to the
following effect:
THE MANDATORY REDEMPTION PROVISIONS, DIVIDEND RIGHTS, VOTING POWERS,
PREFERENCES, LIMITATIONS, RESTRICTIONS AND OTHER RIGHTS OF THE SERIES 3 CLASS B
COMMON STOCK OF THE CORPORATION ARE SET FORTH IN FULL IN THE CERTIFICATE OF
DESIGNATION OF THE SERIES 3 CLASS B COMMON STOCK OF THE CORPORATION, WHICH IS ON
FILE WITH THE SECRETARY OF STATE OF THE STATE OF NEVADA AND AVAILABLE FREE OF
CHARGE FROM THE SECRETARY OF THE CORPORATION UPON THE REQUEST OF ANY STOCKHOLDER
OF THE CORPORATION.
4. Preferred stock.
The voting powers, designations, preferences, limitations, restrictions and
relative rights of the preferred stock shall be as follows:
The preferred stock may be issued from time to time in one or more series,
the number of shares and any designation of each series and the voting powers,
designations, preferences and relative, participating, optional, and other
special rights of the shares of each series, and the qualifications, limitations
and restrictions thereof, to be stated and expressed in a resolution or
resolutions providing for the issue of such series adopted by the Board of
Directors, subject to the limitations prescribed by law.
FIFTH
The governing board of this corporation shall be known as directors, and
the number of directors may from time to time be increased or decreased in such
manner as shall be provided by the bylaws of this corporation.
The names and addresses of the initial three members of the board of
directors are:
NAME: POST-OFFICE ADDRESS:
- ----- --------------------
1. Harold Kaufman, Jr. 2801 South Madison
Spokane, Washington 99203
2. Gary Littler 1025 Ocean Avenue
Santa Monica, California 90403
3. Doris Ruff 2001 Yacht Vindex
Newport Beach, California 92660
The number of members of the Board of Directors shall not be less than
three nor more than thirteen.
SIXTH
The capital stock, after the amount of the subscription price, or par
value, has been paid in, shall not be subject to assessment to pay the debts of
the corporation.
SEVENTH
The name and addresses of each of the incorporators signing the Articles of
Incorporation are as follows:
NAME: POST-OFFICE ADDRESS:
- ----- --------------------
Conrad C. Lysiak 601 West First Avenue
Suite 503
Spokane, Washington 99204
EIGHTH
The corporation is to have perpetual existence.
NINTH
In furtherance, and not in limitation of the powers conferred by statute,
the board of directors is expressly authorized:
Subject to the bylaws, if any, adopted by the stockholders, to make, alter
or amend the bylaws of the corporation.
To fix the amount to be reserved as working capital over and above its
capital stock paid in, to authorize and cause to be executed mortgages and liens
upon the real and personal property of this corporation.
By resolution passed by a majority of the whole board, to designate one (1)
or more committees, each committee to consist of one (1) or more of the
directors of the corporation, which, to the extent provided in the resolution or
in the bylaws of the corporation, shall have and may exercise the powers of the
board of directors in the management of the business and affairs of the
corporation, and may authorize the seal of the corporation to be affixed to all
papers which may require it. Such committee or committees shall have such name
or names as may be stated in the bylaws of the corporation or as may be
determined from time to time by resolution adopted by the board of directors.
When and as authorized by the affirmative vote of stockholders holding
stock entitling them to exercise at least a majority of the voting power given
at a stockholders' meeting called for that purpose, or when authorized by the
written consent of the holders of at least a majority of the voting stock issued
and outstanding, the board of directors shall have power and authority at any
meeting to sell, lease or exchange all of the property and assets of the
corporation, including its good will and its corporate franchises, upon such
terms and conditions as its board of directors deem expedient and for the best
interests of the corporation.
TENTH
Meeting of stockholders may be held outside the State of Nevada, if the
bylaws so provide. The books of the corporation may be kept (subject to any
provision contained in the statutes) outside the State of Nevada at such place
or places as may be designated from time to time by the board of directors or in
the bylaws of the corporation.
ELEVENTH
This corporation reserves the right to amend alter, change or repeal any
provision contained in the Articles of Incorporation, in the manner now or
hereafter prescribed by the statute, or by the Articles of Incorporation, and
all rights conferred upon stockholders herein are granted subject to this
reservation.
TWELFTH
The corporation shall indemnify its officers, directors, employees and
agents to the full extent permitted by the laws of the State of Nevada.
I, THE UNDERSIGNED, being the incorporator hereinbefore named, for the
purpose of forming a corporation pursuant to the General Corporation Law of the
State of Nevada, do make and file these Articles of Incorporation, hereby
declaring and certifying that the facts herein stated are true, and accordingly
have hereunto set my hand this 12th day of December, 1997.
/s/ CONRAD C. LYSIAK
----------------------------------------
CONRAD C. LYSIAK
STATE OF WASHINGTON )
)
COUNTY OF SPOKANE )
On this 12th day of December, 1997, before me, a Notary Public, personally
appeared CONRAD C. LYSIAK, who severally acknowledged that he executed the above
instrument.
/s/ JUDY TERESE LYSIAK
----------------------------------------
Notary Public, residing in the State
of Washington, residing in Spokane
My Commission Expires:
October 9, 1998