STATE OF NORTH CAROLINA
DEPARTMENT OF THE SECRETARY OF STATE
ARTICLES OF AMENDMENT OF
SOUTH STREET VENTURES VII, INC.
Pursuant to 55-10-06 of the General Statutes of North Carolina, the undersigned
corporation hereby submits the following Articles of Amendment for the purpose
of amending its Articles of Incorporation.
1. The name of the corporation is South Street Ventures VII, Inc.
2. The text of each amendment adopted is as follows:
a. Increase of Authorized Capital. The corporation is currently
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authorized to issue 1,000,000 shares, all of one class designated as
common stock. The corporation hereby increases its authorized capital
to 100,000,000 shares of common stock. The par value of each share
shall remain $0.001;
b. Opt Out of Shareholder Protection Act and Control Share Acquisition
Act.
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The corporation hereby opts out of the provisions of the North
Carolina Shareholder Protection Act, N. C. G. S. 55-9-01 et. seq.
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immediately upon becoming public and opts out of the North Carolina
Control Share Acquisition act, N. C. G. S. 55-9A-01 et. seq. pursuant
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to N. C. G. S. 55-9A-09.
The provisions of these Acts shall not be applicable to the
corporation.
c. Except as expressly changed, the remainder of the corporations
Articles of Incorporation as originally filed with the North Carolina
Secretary of State shall remain in full force and effect.
3. If an amendment provides for an exchange, reclassification, or cancellation
of issued shares, provisions for implementing the amendment, if not
contained in the amendment itself, are as follows:
NOT APPLICABLE.
CORPORATIONS DIVISION P. O. BOX 29622 RALEIGH, NC 27626-0622
(Revised January 2000) (Form B-02)
ARTICLES OF AMENDMENT
Page 2
4. The date of adoption of each amendment was as follows: JULY 15, 2003.
5. (Check either a, b, c, or d, whichever is applicable)
a._____The amendment(s) was (were) duly adopted by the incorporators prior
to the issuance of shares.
b._____The amendment(s) was (were) duly adopted by the board of directors
prior to the issuance of shares.
c._____The amendment(s) was (were) duly adopted by the board of directors
without shareholder action as shareholder action was not required
because (set forth a brief explanation of why shareholder action was
not required.)
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d.___X_The amendment(s) was (were) approved by shareholder action, and
such shareholder approval was obtained as required by Chapter 55 of
the North Carolina General Statutes.
6. These articles will be effective upon filing, unless a delayed time and
date is specified:
This date: January 23, 2004
South Street Ventures VII, Inc.
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Name of Corporation
________________________
Signature
Charles Barkley, President
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Type or Print Name and Title
CORPORATIONS DIVISION P. O. BOX 29622 RALEIGH, NC 27626-0622
(Revised January 2000) (Form B-02)
NOTES:
1. Filing fee is $50. This document and one exact or conformed copy of these
articles must be filed with the Secretary of State.
INSTRUCTIONS FOR FILING
BUSINESS CORPORATION
ARTICLES OF AMENDMENT
(Form B-02)
ITEM 1 Enter the complete corporation name exactly as it appears in the
records of the Secretary of State.
ITEM 2 See form.
ITEM 3 If provisions for implementing the amendment are contained in the
amendment or not required, enter N/A or NONE in the space provided.
ITEM 4 Enter the date(s) the amendment(s) was (were) adopted.
ITEM 5 Select the appropriate method of adoption for the amendment(s) from
those listed and complete.
ITEM 6 The document will be effective on the date and time of filing,
unless a delayed date or an effective time (on the day of filing) is
specified. If a delayed effective date is specified without a time,
it will be effective at 11:59:59 p.m. Raleigh, North Carolina time
on the day specified. If a delayed effective date is specified with
a time, the document will be effective on the day and at the time
specified. A delayed effective date may be specified up to and
including the 90th day after the filing.
DATE AND EXECUTION
Enter the date the document was executed.
In the blanks provided enter:
- The name of the corporation as it appears in Item 1.
- The signature of the representative of the corporation
executing the document (may be the chairman of the board of
directors or any officer of the corporation).
- The name and title of the above-signed representative.
CORPORATIONS DIVISION P. O. BOX 29622 RALEIGH, NC 27626-0622
(Revised January 2000) (Form B-02)