Attached files
file | filename |
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8-K - FORM 8-K - ELAH Holdings, Inc. | v56532e8vk.htm |
EX-3.2 - EX-3.2 - ELAH Holdings, Inc. | v56532exv3w2.htm |
EX-10.3 - EX-10.3 - ELAH Holdings, Inc. | v56532exv10w3.htm |
EX-10.7 - EX-10.7 - ELAH Holdings, Inc. | v56532exv10w7.htm |
EX-99.1 - EX-99.1 - ELAH Holdings, Inc. | v56532exv99w1.htm |
EX-10.4 - EX-10.4 - ELAH Holdings, Inc. | v56532exv10w4.htm |
EX-10.6 - EX-10.6 - ELAH Holdings, Inc. | v56532exv10w6.htm |
EX-10.5 - EX-10.5 - ELAH Holdings, Inc. | v56532exv10w5.htm |
EX-10.8 - EX-10.8 - ELAH Holdings, Inc. | v56532exv10w8.htm |
EX-10.2 - EX-10.2 - ELAH Holdings, Inc. | v56532exv10w2.htm |
EX-10.1 - EX-10.1 - ELAH Holdings, Inc. | v56532exv10w1.htm |
Exhibit 3.1
AMENDED AND RESTATED
ARTICLES OF INCORPORATION
OF
FREMONT GENERAL CORPORATION
(hereby changed to SIGNATURE GROUP HOLDINGS, INC.)
ARTICLES OF INCORPORATION
OF
FREMONT GENERAL CORPORATION
(hereby changed to SIGNATURE GROUP HOLDINGS, INC.)
Fremont General Corporation (hereinafter referred to as the Corporation), a corporation
organized and existing under and by virtue of the laws of the State of Nevada, does hereby certify
as follows:
1. The current name of the Corporation is Fremont General Corporation.
2. The original Articles of Incorporation of the Corporation were filed in the Office of the
Secretary of State on January 26, 1972.
3. These Amended and Restated Articles of Incorporation are being filed pursuant to Section
IV.G. of the Signature Group Holdings, LLCs Fourth Amended Chapter 11 Plan of Reorganization of
Fremont General Corporation, Joined by James McIntyre as Co-Plan Proponent, Chapter 11 Case No.
8:08-bk-13421-ES, confirmed by Order of the United States Bankruptcy Court, Central District of
California Santa Ana Division, entered May 25, 2010.
4. Pursuant to NRS 78.622, these Amended and Restated Articles of Incorporation may be filed
without further action by the directors or stockholders of the corporation.
5. The provisions of the Articles of Incorporation of the Corporation as heretofore amended
and/or supplemented are hereby restated, integrated and further amended to read in its entirety as
follows:
ARTICLE 1
NAME
NAME
The name of the corporation is SIGNATURE GROUP HOLDINGS, INC. (the Corporation).
ARTICLE 2
RESIDENT AGENT AND ADDRESS
RESIDENT AGENT AND ADDRESS
The name of the resident agent and the agents street address where process may be served upon
the Corporation are as follows:
Registered Agent Solutions, Inc.
4625 West Nevso Dr., Suite 2
Las Vegas, NV 89103
4625 West Nevso Dr., Suite 2
Las Vegas, NV 89103
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ARTICLE 3
PURPOSE
PURPOSE
The purpose of the Corporation is to engage in any lawful act or activity for which a
corporation may be organized under the Nevada Revised Statutes of the State of Nevada (NRS).
ARTICLE 4
CAPITAL STOCK
CAPITAL STOCK
Section 4.1 Shares, Classes and Series Authorized
This Corporation is authorized to issue two classes of stock to be designated, respectively,
Common Stock and Preferred Stock. The total number of shares of all classes of capital stock
which the Corporation shall have authority to issue is Two Hundred Million (200,000,000) shares, of
which One Hundred Ninety Million (190,000,000) shares shall be designated as Common Stock with a
par value of $0.01 per share, and Ten Million (10,000,000) shares shall be designated as Preferred
Stock with a par value of $0.01 per share. The Common Stock and Preferred Stock may be collectively
referred to herein as the Capital Stock. The Corporation shall be prohibited from issuing
non-voting securities, whether Common Stock or Preferred Stock.
Section 4.2 Designations, Powers, Preferences, Rights, Qualifications, Limitations and Restrictions
Relating to the Capital Stock
The following is a statement of the designations, powers, preferences and rights in respect of
the classes of the Capital Stock, and the qualifications, limitations or restrictions thereof, and
of the authority with respect thereto expressly vested in the Board of Directors of the Corporation
(the Board):
(1) Preferred Stock. 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 powers, preferences and
rights of the shares of each series, and the qualifications, limitations or restrictions thereof,
to be as stated and expressed in a resolution or resolutions providing for the issue of such series
adopted by the Board, subject to the limitations prescribed by law, including 11 U.S.C.
§1123(a)(6). The Board in any such resolution or resolutions is expressly authorized to state for
each such series:
(a) the voting powers, if any, of the holders of shares of such series in addition to
any voting rights affirmatively required by law;
(b) the rights of shareholders in respect of dividends, including, without limitation,
the rate or rates per annum and the time or times at which (or the formula or other method
pursuant to which such rate or rates and such time or times may be determined) and
conditions upon which the holders of shares of such series shall be entitled to receive
dividends and other distributions, and whether any such dividends shall be cumulative or
non-cumulative and, if cumulative, the terms upon which such dividends shall be cumulative;
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(c) whether any shares of the stock of each such series shall be redeemable by the
Corporation at the option of the Corporation or the holder thereof and, if redeemable, the
terms and conditions upon which any shares of the stock of such series may be redeemed;
(d) the amount payable and the rights or preferences to which the holders of the stock
of such series shall be entitled upon any voluntary or involuntary liquidation, dissolution
or winding up of the Corporation;
(e) the terms, if any, upon which shares of stock of such series shall be convertible
into, or exchangeable for, shares of stock of any other class or classes or of any other
series of the same or any other class or classes, including the price or prices or the rate
or rates of conversion or exchange and the terms of adjustment, if any; and
(f) any other powers, designations, preferences and relative, participating, optional
or other special rights, and qualifications, limitations or restrictions thereof, so far as
they are not inconsistent with the provisions of these Amended and Restated Articles of
Incorporation (Articles of Incorporation) and to the full extent now or hereafter
permitted by the laws of the State of Nevada.
Subject to any limitations or restrictions stated in the resolution or resolutions of the
Board originally fixing the number of shares constituting a series, the Board may by resolution or
resolutions likewise adopted increase (but not above the total number of authorized shares of
Preferred Stock) or decrease (but not below the number of shares of the series then outstanding)
the number of shares of the series subsequent to the issue of shares of that series; and, in case
the number of shares of any series shall be so decreased, the shares constituting the decrease
shall resume that status that they had prior to the adoption of the resolution originally fixing
the number of shares constituting such series.
(2) Common Stock. Except as otherwise provided for by law, the shares of Common Stock shall
entitle the holders thereof to one vote for each share on all matters on which shareholders have
the right to vote. The holders of shares of Common Stock shall not be permitted to cumulate their
votes for the election of directors. Notwithstanding the foregoing, except as otherwise required by
law, holders of Common Stock, as such, shall not be entitled to vote on any amendment to these
Articles of Incorporation (including any Certificate of Designations relating to any series of
Preferred Stock) that relates solely to the terms of one or more outstanding series of Preferred
Stock if the holders of such affected series are entitled, either separately or together with the
holders of one or more other such series, to vote thereon pursuant to these Articles of
Incorporation (including any Certificate of Designations relating to any series of Preferred Stock)
or pursuant to the NRS.
Subject to the preferences, privileges and powers with respect to each class or series of
Preferred Stock having any priority over the Common Stock, and the qualifications, limitations or
restrictions thereof, the holders of the Common Stock shall have and possess all rights pertaining
to the Capital Stock; provided however, that in the event of any liquidation, dissolution, or
winding up of the Corporation, the holders of the Common Stock (and the holders of any class or
series of stock entitled to participate with the Common Stock in the distribution of
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assets) shall be entitled to receive, in cash or in kind, the assets of the Corporation
available for distribution remaining after: (i) payment or provision for payment of the
Corporations debts and liabilities and (ii) distributions or provisions for distributions to
holders of any class or series of Capital Stock having preference over the Common Stock in the
liquidation, dissolution, or winding up of the Corporation.
ARTICLE 5
LIMITATION OF DIRECTOR LIABILITY
LIMITATION OF DIRECTOR LIABILITY
No director or officer of the Corporation shall be personally liable to the Corporation or any
of its shareholders for damages for breach of fiduciary duty as a director or officer involving any
act or omission of any such director or officer; provided, however, that the foregoing provision
shall not eliminate or limit the liability of a director or officer (1) for acts or omissions which
involve intentional misconduct, fraud, a knowing violation of law or breach of the duty of loyalty,
or (2) the payment of distributions in violation of Section 78.300 of the NRS. Any repeal or
modification of this Article 5 shall be prospective only and shall not adversely affect any
limitation on the personal liability of a director or officer of the Corporation for acts or
omissions prior to such repeal or modification.
ARTICLE 6
INDEMNIFICATION
INDEMNIFICATION
Section 6.1 Actions, Suits or Proceedings Other than by or in the Right of the Corporation
To the fullest extent permitted by the NRS, the Corporation shall indemnify any person who is
or was or has agreed to become a director or officer of the Corporation who was or is made a party
to or is threatened to be made a party to any threatened, pending or completed action, suit or
proceeding, whether civil, criminal, administrative or investigative (other than an action by or in
the right of the Corporation) by reason of the fact that he or she is or was or has agreed to
become a director or officer of the Corporation, or is or was serving or has agreed to serve at the
request of the Corporation as a director, officer, employee or agent of another corporation,
partnership, joint venture, trust or other enterprise, or by reason of any action alleged to have
been taken or omitted in such capacity, and the Corporation may indemnify any other person who is
or was or has agreed to become an employee or agent of the Corporation who was or is made a party
to or is threatened to be made a party to any threatened, pending or completed action, suit or
proceeding, whether civil, criminal, administrative or investigative (other than an action by or in
the right of the Corporation) by reason of the fact that he or she is or was or has agreed to
become an employee or agent of the Corporation, or is or was serving or has agreed to serve at the
request of the Corporation as a director, officer, employee or agent of another corporation,
partnership, joint venture, trust or other enterprise, or by reason of any action alleged to have
been taken or omitted in such capacity, against costs, charges, expenses (including attorneys fees
and expenses), judgments, fines and amounts paid in settlement actually and reasonably incurred by
him or her or on his or her behalf in connection with such action, suit or proceeding and any
appeal therefrom, if he or she acted in good faith and in a manner he or she reasonably believed to
be in, or not opposed to, the best interests of the Corporation and, with respect to any criminal
action or proceeding, had no reasonable cause to
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believe his or her conduct was unlawful. The termination of any action, suit or proceeding by
judgment, order, settlement or conviction, or upon a plea of nolo contendere or its equivalent,
shall not, of itself, create a presumption that the person did not act in good faith and in a
manner which he or she reasonably believed to be in, or not opposed to, the best interests of the
Corporation and, with respect to any criminal action or proceeding, had reasonable cause to believe
that his or her conduct was unlawful. Notwithstanding anything contained in this Article 6, but
subject to Section 6.7 hereof, the Corporation shall not be obligated to indemnify any director or
officer in connection with an action, suit or proceeding, or part thereof, initiated by such person
against the Corporation unless such action, suit or proceeding, or part thereof, was authorized or
consented to by the Board.
Section 6.2 Actions or Suits by or in the Right of the Corporation
To the fullest extent permitted by the NRS, the Corporation shall indemnify any person who is
or was or has agreed to become a director or officer of the Corporation who was or is a party or is
threatened to be made a party to any threatened, pending or completed action or suit by or in the
right of the Corporation to procure a judgment in its favor by reason of the fact that he or she is
or was or has agreed to become a director or officer of the Corporation, or is or was serving or
has agreed to serve at the request of the Corporation as a director, officer, employee or agent of
another corporation, partnership, joint venture, trust or other enterprise, or by reason of any
action alleged to have been taken or omitted in such capacity, and the Corporation may indemnify
any other person who is or was or has agreed to become an employee or agent of the Corporation who
was or is made a party or is threatened to be made a party to any threatened, pending or completed
action or suit by or in the right of the Corporation to procure a judgment in its favor by reason
of the fact that he or she is or was or has agreed to become an employee or agent of the
Corporation, or is or was serving or has agreed to serve at the request of the Corporation as a
director, officer, employee or agent of another corporation, partnership, joint venture, trust or
other enterprise, or by reason of any action alleged to have been taken or omitted in such
capacity, against costs, charges and expenses (including attorneys fees and expenses) actually and
reasonably incurred by him or her or on his or her behalf in connection with the defense or
settlement of such action or suit and any appeal therefrom, if he or she acted in good faith and in
a manner he or she reasonably believed to be in, or not opposed to, the best interests of the
Corporation, except no indemnification shall be made in respect of any claim, issue or matter as to
which such person shall have been adjudged to be liable to the Corporation unless and only to the
extent that the court in which such action or suit was brought shall determine upon application
that, despite the adjudication of such liability but in view of all the circumstances of the case,
such person is fairly and reasonably entitled to indemnity for such costs, charges and expenses
which the court shall deem proper. Notwithstanding anything contained in this Article 6, but
subject to Section 6.7 hereof, the Corporation shall not be obligated to indemnify any director or
officer in connection with an action or suit, or part thereof, initiated by such person against the
Corporation unless such action or suit, or part thereof, was authorized or consented to by the
Board.
Section 6.3 Indemnification for Costs, Charges and Expenses of a Successful Party
To the extent that a present or former director or officer of the Corporation has been
successful, on the merits or otherwise (including, without limitation, the dismissal of an action
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without prejudice), in defense of any action, suit or proceeding referred to in Section 6.1 or
6.2, or in defense of any claim, issue or matter therein, such person shall be indemnified against
all costs, charges and expenses (including attorneys fees and expenses) actually and reasonably
incurred by such person or on such persons behalf in connection therewith.
Section 6.4 Indemnification for Expenses of a Witness
To the extent that any person who is or was or has agreed to become a director or officer of
the Corporation is made a witness to any action, suit or proceeding to which he or she is not a
party by reason of the fact that he or she was, is or has agreed to become a director or officer of
the Corporation, or is or was serving or has agreed to serve as a director, officer, employee or
agent of another corporation, partnership, joint venture, trust or other enterprise, at the request
of the Corporation, such person shall be indemnified against all costs, charges and expenses
actually and reasonably incurred by such person or on such persons behalf in connection therewith.
To the extent that any person who is or was or has agreed to become an employee or agent of
the Corporation is made a witness to any action, suit or proceeding to which he or she is not a
party by reason of the fact that he or she was, is or has agreed to become an employee or agent of
the Corporation, or is or was serving or has agreed to serve as a director, officer, employee or
agent of another corporation, partnership, joint venture, trust or other enterprise, at the request
of the Corporation, such person may be indemnified against all costs, charges and expenses actually
and reasonably incurred by such person or on such persons behalf in connection therewith.
Section 6.5 Determination of Right to Indemnification
Any indemnification under Section 6.1 or 6.2 (unless ordered by a court) shall be made, if at
all, by the Corporation only as authorized in the specific case upon a determination that
indemnification of the director, officer, employee or agent is proper under the circumstances
because he or she has met the applicable standard of conduct set forth in Section 6.1 or 6.2. Any
indemnification under Section 6.4 (unless ordered by a court) shall be made, if at all, by the
Corporation only as authorized in the specific case upon a determination that indemnification of
the director, officer, employee or agent is proper under the circumstances. Such determinations
shall be made with respect to a person who is a director or officer at the time of such
determination (1) by a majority vote of directors who were not parties to such action, suit or
proceeding even though less than a quorum of the Board, (2) by a committee of such directors
designated by majority vote of such directors, even though less than a quorum, (3) if there are no
such directors, or if such directors so direct, by independent counsel in a written opinion or (4)
by the shareholders of the Corporation. To obtain indemnification under this Article 6, any person
referred to in Section 6.1, 6.2, 6.3 or 6.4 shall submit to the Corporation a written request,
including therewith such documents as are reasonably available to such person and are reasonably
necessary to determine whether and to what extent such person is entitled to indemnification.
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Section 6.6 Advancement of Costs, Charges and Expenses
Costs, charges and expenses (including attorneys fees and expenses) incurred by or on behalf
of a director or officer in defending a civil or criminal action, suit or proceeding referred to in
Section 6.1 or 6.2 shall be paid by the Corporation in advance of the final disposition of such
action, suit or proceeding; provided, however, that the payment of such costs, charges and expenses
incurred by or on behalf of a director or officer in advance of the final disposition of such
action, suit or proceeding shall be made only upon receipt of a written undertaking, by or on
behalf of the director or officer to repay all amounts so advanced in the event that it shall
ultimately be determined that such director or officer is not entitled to be indemnified by the
Corporation as authorized in this Article 6 or by law. No security shall be required for such
undertaking and such undertaking shall be accepted without reference to the recipients financial
ability to make repayment. The majority of the directors who were not parties to such action, suit
or proceeding may, upon approval of such director or officer of the Corporation, authorize the
Corporations counsel to represent such person, in any action, suit or proceeding, whether or not
the Corporation is a party to such action, suit or proceeding.
Section 6.7 Procedure for Indemnification
Any indemnification under Section 6.1, 6.2, 6.3 or 6.4 or advancement of costs, charges and
expenses under Section 6.6 shall be made promptly, and in any event within sixty (60) days (except
indemnification to be determined by shareholders which will be determined at the next annual or
special meeting of shareholders), upon the written request of the director or officer. The right to
indemnification or advancement of expenses as granted by this Article 6 shall be enforceable by the
director, officer, employee or agent in any court of competent jurisdiction in the event the
Corporation denies such request, in whole or in part, or if no disposition of such request is made
within sixty (60) days of the request. Such persons costs, charges and expenses incurred in
connection with successfully establishing his or her right to indemnification or advancement, to
the extent successful, in any such action shall also be indemnified by the Corporation. It shall be
a defense to any such action (other than an action brought to enforce a claim for the advancement
of costs, charges and expenses under Section 6.6 where the required undertaking, if any, has been
received by the Corporation) that the claimant has not met the standard of conduct set forth in
Section 6.1 or 6.2, but the burden of proving such defense shall be on the Corporation. Neither the
failure of the Corporation (including its directors, its independent counsel and its shareholders)
to have made a determination prior to the commencement of such action that indemnification of the
claimant is proper in the circumstances because he or she has met the applicable standard of
conduct set forth in Section 6.1 or 6.2, nor the fact that there has been an actual determination
by the Corporation (including its directors, its independent counsel and its shareholders) that the
claimant has not met such applicable standard of conduct, shall be a defense to the action or
create a presumption that the claimant has not met the applicable standard of conduct.
Section 6.8 Settlement
The Corporation shall not be obligated to reimburse the costs, charges and expenses of any
settlement to which it has not agreed. If, in any action, suit or proceeding (including any appeal)
within the scope of Section 6.1 or 6.2, the person to be indemnified shall have
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unreasonably failed to enter into a settlement thereof offered or assented to by the opposing
party or parties in such action, suit or proceeding, then, notwithstanding any other provision of
this Article 6, the indemnification obligation of the Corporation to such person in connection with
such action, suit or proceeding shall not exceed the total of the amount at which settlement could
have been made and the expenses incurred by or on behalf of such person prior to the time such
settlement could reasonably have been effected.
Section 6.9 Other Rights; Continuation of Right to Indemnification; Individual Contracts
The indemnification and advancement of costs, charges and expenses provided by or granted
pursuant to this Article 6 shall not be deemed exclusive of any other rights to which any person
seeking indemnification or advancement of costs, charges and expenses may be entitled under law
(common or statutory) or any Bylaw, agreement, policy of indemnification insurance or vote of
shareholders or directors or otherwise, both as to action in his or her official capacity and as to
action in any other capacity while holding office, and shall continue as to any person who has
ceased to be a director, officer, employee or agent and shall inure to the benefit of the legatees,
heirs, distributees, executors and administrators of any such person. Nothing contained in this
Article 6 shall be deemed to prohibit the Corporation from entering into, and the Corporation is
specifically authorized to enter into, agreements with directors, officers, employees and agents
providing indemnification rights and procedures different from those set forth herein. All rights
to indemnification under this Article 6 shall be deemed to be a contract between the Corporation
and each director, officer, employee or agent of the Corporation who serves or served in such
capacity (or is or was serving or has agreed to serve at the request of the Corporation as a
director, officer, employee or agent of another corporation, partnership, joint venture, trust or
other enterprise) at any time while this Article 6 is in effect.
Section 6.10 Savings Clause
If this Article 6 or any portion shall be invalidated on any ground by any court of competent
jurisdiction, the Corporation shall nevertheless indemnify each director or officer, and may
indemnify each employee or agent, of the Corporation as to any costs, charges, expenses (including
attorneys fees and expenses), judgments, fines and amounts paid in settlement with respect to any
action, suit or proceeding, whether civil, criminal, administrative or investigative (including any
action by or in the right of the Corporation), to the full extent permitted by any applicable
portion of this Article 6 that shall not have been invalidated and to the fullest extent permitted
by applicable law.
Section 6.11 Insurance
The Corporation may purchase and maintain insurance, at its expense, to protect itself and any
person who is or was a director, officer, employee or agent of the Corporation or is or was serving
or has agreed to serve at the request of the Corporation as a director, officer, employee or agent
of another corporation, partnership, joint venture, trust or other enterprise against any costs,
charges or expenses, liability or loss incurred by such person in any such capacity, or arising out
of such persons status as such, whether or not the Corporation would have the power to indemnify
such person against such costs, charges or expenses, liability or loss
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under these Articles of Incorporation or applicable law; provided, however, that such
insurance is available on acceptable terms as determined by a vote of the Board. To the extent that
any director, officer, employee or agent is reimbursed by an insurance company under an
indemnification insurance policy for any costs, charges, expenses (including attorneys fees and
expenses), judgments, fines and amounts paid in settlement to the fullest extent permitted by any
applicable portion of this Article 6, the Bylaws, any agreement, the policy of indemnification
insurance or otherwise, the Corporation shall not be obligated to reimburse the person to be
indemnified in connection with such proceeding.
Section 6.12 Definitions
For purposes of this Article 6, the following terms shall have the following meanings:
(1) The Corporation shall include, in addition to the resulting corporation, any constituent
corporation or entity (including any constituent of a constituent) absorbed by way of an
acquisition, consolidation, merger or otherwise, which, if its separate existence had continued,
would have had power and authority to indemnify its directors, officers, employees or agents so
that any person who is or was a director, officer, employee or agent of such constituent
corporation or entity, or is or was serving at the written request of such constituent corporation
or entity as a director or officer of another corporation, entity, partnership, joint venture,
trust or other enterprise, shall stand in the same position under the provisions of this Article 6
with respect to the resulting or surviving corporation or entity as such person would have with
respect to such constituent corporation or entity if its separate existence had continued;
(2) Other enterprises shall include employee benefit plans, including, but not limited to,
any employee benefit plan of the Corporation;
(3) Director or officer of the Corporation shall include any director or officer of the
Corporation who is or was or has agreed to serve at the request of the Corporation as a director,
officer, partner or trustee of another corporation, partnership, joint venture, trust or other
enterprise;
(4) Serving at the request of the Corporation shall include any service that imposes duties
on, or involves services by a director, officer, employee or agent of the Corporation with respect
to an employee benefit plan, its participants or beneficiaries, including acting as a fiduciary
thereof;
(5) Fines shall include any penalties and any excise or similar taxes assessed on a person
with respect to an employee benefit plan;
(6) To the fullest extent permitted by law, a person shall be deemed to have acted in good
faith and in a manner he or she reasonably believed to be in, or not opposed to, the best interests
of the Corporation and, with respect to any criminal action or proceeding, had no reasonable cause
to believe his or her conduct was unlawful, if his or her action is based on the records or books
of account of the Corporation or another enterprise, or on information supplied to him or her by
the officers of the Corporation or another enterprise in the course of their duties, or on the
advice of legal counsel for the Corporation or another enterprise or on information or records
given or reports made to the Corporation or another enterprise by an independent
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certified public accountant or by an appraiser or other expert selected with reasonable care
by the Corporation or another enterprise; and
(7) A person shall be deemed to have acted in a manner not opposed to the best interests of
the Corporation, as referred to in Sections 6.1 and 6.2 if such person acted in good faith and in
a manner he or she reasonably believed to be in the interest of the participants and beneficiaries
of an employee benefit plan.
Section 6.13 Subsequent Amendment and Subsequent Legislation
Neither the amendment, termination or repeal of this Article 6 or of relevant provisions of
the NRS or any other applicable laws, nor the adoption of any provision of these Articles of
Incorporation or the Bylaws of the Corporation or of any statute inconsistent with this Article 6
shall eliminate, affect or diminish in any way the rights of any director, officer, employee or
agent of the Corporation to indemnification under the provisions of this Article 6 with respect to
any action, suit or proceeding arising out of, or relating to, any actions, transactions or facts
occurring prior to the final adoption of any such amendment, termination, repeal, provision or
statute.
If the NRS is amended to expand further the indemnification permitted to directors and
officers of the Corporation, then the Corporation shall indemnify such persons to the fullest
extent permitted by the NRS, as so amended.
ARTICLE 7
AMENDMENTS
AMENDMENTS
Section 7.1 Amendments of Articles of Incorporation
In addition to any affirmative vote required by applicable law and any voting rights granted
to or held by holders of shares of any series of Preferred Stock, any alteration, amendment, repeal
or rescission of any provision of these Articles of Incorporation must be approved by the Board and
by the affirmative vote of the holders of a majority (or such greater proportion as may otherwise
be required pursuant to any specific provision of these Articles of Incorporation) of the total
votes eligible to be cast by the holders of all outstanding shares of Capital Stock entitled to
vote thereon. Subject to the foregoing, the Corporation reserves the right to amend these Articles
of Incorporation from time to time in any and as many respects as may be desired and as may be
lawfully contained in an original articles of incorporation filed at the time of making such
amendment.
Except as may otherwise be provided in these Articles of Incorporation, the Corporation
reserves the right at any time, and from time to time, to amend, alter, change or repeal any
provision contained in these Articles of Incorporation and to add or insert herein any other
provisions authorized by the laws of the State of Nevada at the time in force, in the manner now or
hereafter prescribed by law, and all rights, preferences and privileges of any nature conferred
upon shareholders, directors or any other persons whomsoever by and pursuant to these Articles of
Incorporation in its present form or as hereafter amended are granted subject to the rights
reserved in this Section 7.1.
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Section 7.2 Amendments of Bylaws
In furtherance and not in limitation of the powers conferred by statute, the Board of the
Corporation is expressly authorized to make, alter, amend, rescind or repeal from time to time any
of the Bylaws of the Corporation in accordance with the terms thereof; provided, however, that any
Bylaw made by the Board may be altered, amended, rescinded or repealed in accordance with the terms
thereof by the holders of a majority of the shares of Capital Stock entitled to vote thereon at any
annual meeting or at any special meeting called for that purpose. Notwithstanding the foregoing,
any provision of the Bylaws that contains a supermajority voting requirement shall only be altered,
amended, rescinded or repealed by a vote of the Board or holders of shares of Capital Stock
entitled to vote thereon that is not less than the supermajority specified in such provision.
[Signature Page Follows]
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IN WITNESS WHEREOF, the Corporation has caused these Amended and Restated Articles of
Incorporation to be executed in its name.
Signed: /s/ Richard Sanchez
Name: Richard Sanchez
Title: President
Name: Richard Sanchez
Title: President
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