UNITED STATES

 

SECURITIES AND EXCHANGE COMMISSION

 

Washington, D.C. 20549

 

FORM 8-K

 

CURRENT REPORT

 

Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934

 

Date of Report (Date of earliest event reported)

 

May 16, 2012

 

PETROSONIC ENERGY, INC.

(Formerly Bearing Mineral Exploration, Inc.)

(Exact name of registrant as specified in its charter)

 

Nevada 000-53881 98-0585718

(State or other jurisdiction

of incorporation)

(Commission File

Number)

(IRS Employer

Identification No.)

 

Suite 300, 714 – 1 st Street, SE, Calgary, AB CANADA, T2G 2G8

 

(Address of Principal Executive Offices)

 

(403) 708-7869

(Issuer's Telephone Number)

 

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

 

¨   Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

 

¨   Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

 

¨   Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

 

¨   Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))  

 

 
 

 

TABLE OF CONTENTS

 

ITEM 5.03 Amendments to Articles of Incorporation or Bylaws; Change in Fiscal Year 3
     
ITEM 8.01 Other Events 3
     
ITEM 9.01 Financial Statements and Exhibits 3
     
SIGNATURES   4
     
Exhibit  3.1  

 

2
 

 

ITEM 5.03 AMENDMENTS TO ARTICLES OF INCORPORATION OR BYLAWS; CHANGE IN FISCAL YEAR.

 

On April 25, 2012, the Board of Directors (the “Board”) of Petrosonic Energy, Inc. (the “Company”) approved a stock split of the Company’s common stock at the rate of 11.25 shares of common stock for each one share of common stock of the Company’s authorized and issued and outstanding shares (the “Stock Split”). The Board of Directors resolved that a Certificate of Amendment be filed with the Nevada Secretary of State reflecting an increase in the number of authorized shares of common stock from 75,000,000 to 843,750,000 resulting from the stock split. The amendment to the Company’s Articles of Incorporation and the stock split took effect on May 16, 2012 upon receipt of approval from the Financial Industry Regulatory Authority (“FINRA”). A copy of the amendment is filed as an exhibit to this report.

 

Furthermore on May 16, 2012, the Company amended its Articles of Incorporation to change its name from “Bearing Mineral Exploration, Inc.” to “Petrosonic Energy, Inc.” (the “Name Change”). A copy of the amendment is filed as an exhibit to this report.

 

ITEM 8.01 OTHER EVENTS .

 

In connection with the name change described in Item 5.03 above, FINRA will assign the Company a new stock symbol 30 business days after the effective date of the Name Change and Stock Split.  In addition, as a result of the Stock Split, FINRA has placed a “D” on the Company’s current stock symbol “BEAXD,” such “D” to be removed 20 business days from the open of business on May 16, 2012.

 

ITEM 9.01 FINANCIAL STATEMENTS AND EXHIBITS.

 

(d) Exhibits

 

Exhibit No.   Description
     
3.1   Amendments to the Articles of Incorporation of Bearing Mineral Exploration, Inc.

 

3
 

 

SIGNATURES

 

Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

 

  PETROSONIC ENERGY, INC.
   
  May 18, 2012
   
  /s/ ART AGOLLI
  Art Agolli
  President, Chief Executive Officer

 

4
 

 

EXHIBIT INDEX

 

Exhibit No.   Description
     
3.1   Amendments to the Articles of Incorporation of Bearing Mineral Exploration, Inc.

 

5

 

ROSS MILLER *090201*
Secretary of State  
204 North Carson Street, Suite 1  
Carson City, Nevada 89701-4520  
(775) 884-5708  
Website: www.nvsos.gov  

 

       
Filed in the office of Document Number
  /s/ Ross Miller 20120288844-59
Certificate of Amendment     Filing Date and Time 
 (PURSUANT TO NRS 78.385 AND 78.390)   Ross Miller  04/25/2012/ 1:00 PM 
    Secretary of State  Entity Number 
    State of Nevada E0373802008-8

 

USE BLACK INK ONLY - DO NOT HIGHLIGHT ABOVE SPACE IS FOR OFFICE USE ONLY

 

Certificate of Amendment to Articles of Incorporation

For Nevada Profit Corporations

(Pursuant to NRS 78.385 and 78.390 - After Issuance of Stock)

 

1. Name of corporation:

Bearing Mineral Exploration, Inc.

 

2. The articles have been amended as follows: (provide article numbers, if available)

 

The amount of total authorized capital stock of the corporation is Eight Hundred Forty-Three Million Seven Hundered Fifty Thousand (843,750,000) shares of common stock, par value per shares: $0.001.

 

3. The vote by which the stockholders holding shares in the corporation entitling them to exercise a least a majority of the voting power, or such greater proportion of the voting power as may be required in the case of a vote by classes or series, or as may be required by the provisions of the articles of incorporation* have voted in favor of the amendment is:         N/A

 

4. Effective date of filing: (optional) May 7, 2012
  (must not be later than 90 days after the certificate is filed)

 

5. Signature: (required)

 

X ART AGOLLI  
Signature of Officer  

 

*If any proposed amendment would alter or change any preference or any relative or other right given to any class or series of outstanding shares, than the amendment must be approved by the vote, in addition to the affirmative vote otherwise required, of the holders of shares representing a majority of the voting power of each class or series affected by the amendment regardless to limitations or restrictions on the voting power thereof.

 

IMPORTANT: Failure to include any of the above information and submit with the proper fees may cause this filing to be rejected.

 

 
 

 

EXHIBIT A

TO

CERTIFICATE OF AMENDMENT TO

ARTICLES OF INCORPORATION

OF

BEARING MINERAL EXPLORATION, INC.

 

Upon the effective date of the filing of this Certificate of Amendment to Articles of Incorporation each share of the corporation’s outstanding common stock (the “ Prior Common Stock ”) shall be converted and reconstituted into 11.25 shares of common stock (the “ Stock Split ”). No further adjustment of any shares set forth in this Article shall be made as a result of the Stock Split, as all share amounts set forth in this Certificate of Amendment have been appropriately adjusted to reflect the Stock Split. Each outstanding stock certificate of the corporation which, immediately prior to the time this Certificate of Amendment is effective with the Secretary of State of the State of Nevada, representing one or more shares of Prior Common Stock shall thereafter be deemed to represent the appropriate number of shares of Common Stock taking into account the Stock Split until such Prior Common Stock certificate is exchanged for a new stock certificate reflecting the appropriate number of shares resulting from the Stock Split.

 

SAC 442,187,992v1  

 

 
 

 

 

ROSS MILLER  
Secretary of State  
204 North Carson Street, Suite 1  
Carson City, Nevada 89701-4520  
(775) 684-5708  
Website: www.nvsos.gov  

 

  Filed in the office of Document Number
  /s/ Ross Miller 20120288839-83
Articles of Merger   Filing Date and Time
  (PURSUANT TO NRS 92A.200)   Ross Miller 04/25/2012/ 1:00 PM
Page 1   Secretary of State Entity Number
  State of Nevada  E0373802008-8

 

USE BLACK INK ONLY - DO NOT HIGHLIGHT ABOVE SPACE IS FOR OFFICE USE ONLY

 

Articles of Merger

(Pursuant to NRS Chapter 92A)

 

1) Name and jurisdiction of organization of each constituent entity (NRS 92A.200):

 

¨ If there are more than four merging entities, check box and attach an 8 1/2" x 11" blank sheet containing the required information for each additional entity from article one.

 

Petrosonic Energy, Inc.

Name of merging entity

 

Nevada   Corporation
Jurisdiction   Entity type*

 

 

Name of merging entity

 

 
Jurisdiction   Entity type*

 

 

Name of merging entity

 

 
Jurisdiction   Entity type*

 

 

Name of merging entity

 

 
Jurisdiction   Entity type*

   

 and,

 

Bearing Mineral Exploration, Inc.

Name of surviving entity

 

Nevada   Corporation

Jurisdiction   Entity type*

 

* Corporation, non-profit corporation, limited partnership, limited-liability company or business trust.

Filing Fee: $350.00

This form must be accompanied by appropriate fees. Nevada Secretary of State 92A Merger page 1
SAC 442,187,992v1 Revised: 8-31-11

 

 
 

 

ROSS MILLER
Secretary of State
204 North Carson Street, Suite 1
Carson City, Nevada 89701-4520
(775) 684-5708
Website: www.nvsos.gov

     
     
Articles of Merger      
  (PURSUANT TO NRS 92A.200)      
Page 2      
     

  

USE BLACK INK ONLY – DO NOT HIGHLIGHT ABOVE SPACE IS FOR OFFICE USE ONLY

 

2) Forwarding address where copies of process may be sent by the Secretary of State of Nevada (if a foreign entity is the survivor in the merger – NRS 92A,190):

 

Attn:  

 

c/o:  
   
   

 

3) Choose one:

 

¨ The undersigned declares that a plan of merger has been adopted by each constituent entity (NRS 92A.200).

 

x The undersigned declares that a plan of merger has been adopted by the parent domestic entity (NRS 92A.180).

 

4) Owner’s approval (NRS 92A.200) (options a, b or c must be used, as applicable, for each entity):

 

¨ If there are more than four merging entities, check box and attach an 8 1/2” ×11” blank sheet containing the required information for each additional entity from the appropriate section of article four.

 

(a) Owner’s approval was not required from

 

Petrosonic Energy, Inc.

Name of merging entity, if applicable

 

 

Name of merging entity, if applicable

 

 

Name of merging entity, if applicable

 

 

Name of merging entity, if applicable

 

and, or;

 

Bearing Mineral Exploration, Inc.

Name of surviving entity, if applicable

 

This form must be accompanied by appropriate fees. Nevada Secretary of State 82A Merger Page 2
SAC 442,187,992v1 Revised: 8-31-11

 

 
 

 

ROSS MILLER
Secretary of State
204 North Carson Street, Suite 1
Carson City, Nevada 89701-4520
(775) 684-5708
Website: www.nvsos.gov

     
     
Articles of Merger      
  (PURSUANT TO NRS 92A.200)      
Page 3      
     

  

USE BLACK INK ONLY – DO NOT HIGHLIGHT ABOVE SPACE IS FOR OFFICE USE ONLY

 

  (b) The plan was approved by the required consent of the owners of :
     
     
    Name of merging entity, if applicable
     
    Name of merging entity, if applicable
     
    Name of merging entity, if applicable
     
    Name of merging entity, if applicable
     
    and, or,
     
    Name of surviving entity, if applicable

 

*Unless otherwise provided in the certificate of trust or government instrument of a business trust, a merger must be approved by all the trustees and beneficial owners of each business trust that is a constituent entity in the merger.

 

This form must be accompanied by appropriate fees. Nevada Secretary of State 92A Merger Page 3
SAC 442,187,992v1 Revised: 8-31-11

 

 
 

 

ROSS MILLER
Secretary of State
204 North Carson Street, Suite 1
Carson City, Nevada 89701-4520
(775) 684-5708
Website: www.nvsos.gov

     
     
Articles of Merger      
  (PURSUANT TO NRS 92A.200)      
Page 4      
     

 

USE BLACK INK ONLY – DO NOT HIGHLIGHT ABOVE SPACE IS FOR OFFICE USE ONLY

  

  (c) Approval of plan of merger for Nevada non-profit corporation (NRS 92A.160):
     
    The plan of merger has been approved by the directors of the corporation and by each public officer or other person whose approval of the plan of merger is required by the articles of incorporation of the domestic corporation.
     
     
    Name of merging entity, if applicable
     
    Name of merging entity, if applicable
     
    Name of merging entity, if applicable
     
    Name of merging entity, if applicable
     
    and, or,
     
    Name of surviving entity, if applicable

 

This form must be accompanied by appropriate fees. Nevada Secretary of State 92A Merger Page 4
SAC 442,187,992v1 Revised: 8-31-11

 

 
 

 

ROSS MILLER
Secretary of State
204 North Carson Street, Suite 1
Carson City, Nevada 89701-4520
(775) 684-5708
Website: www.nvsos.gov

     
     
Articles of Merger      
  (PURSUANT TO NRS 92A.200)      
Page 5      
     

 

USE BLACK INK ONLY – DO NOT HIGHLIGHT ABOVE SPACE IS FOR OFFICE USE ONLY

 

  5) Amendments, if any, to the articles or certificate of the surviving entity. Provide article numbers, if available. (NRS 92A.200)*:
     
    1. Name of Corporation: Petrosonic Energy, Inc.





     
  6) Location of Plan of Merger (check a or b):
     
    ¨ (a) The entire plan of merger is attached;
    or,
    x (b) The entire plan of merger is on file at the registered office of the surviving corporation, limited-liability company or business trust, or at the records office address if a limited partnership, or ther place of business of the surviving entity (NRS 92A.200).
     
  7) Effective date and time of filing: (optional) (must not be later than 90 days after the certificate is filed)
    Date: May 7, 2012 Time:    

 

*Amended and restated articles may be attached as an exhibit or integrated into the articles of merger. Please entitle them “Restated” or “Amended and Restated,” accordingly. The form to accompany restated articles prescribed by the secretary of state must accompany the amended and/or restated articles. Pursuant to NRS 92A.180 (merger of subsidiary into parent – Nevada parent owning 90% or more of subsidiary), the articles of merger may not contain amendments to the constituent documents of the surviving entity except that the name of the surviving entity may be changed.

 

This form must be accompanied by appropriate fees. Nevada Secretary of State 92A Merger Page 5
SAC 442,187,992v1 Revised: 8-31-11

 

 
 

 

ROSS MILLER
Secretary of State
204 North Carson Street, Suite 1
Carson City, Nevada 89701-4520
(775) 684-5708
Website: www.nvsos.gov

     
     
Articles of Merger      
  (PURSUANT TO NRS 92A.200)      
Page 6      
     

 

USE BLACK INK ONLY – DO NOT HIGHLIGHT ABOVE SPACE IS FOR OFFICE USE ONLY

 

  (8) Signatures – Must be signed by: An officer of each Nevada corporation; All general partners of each Nevada limited partnership; All general partners of each Nevada limited-liability limited partnership; A Manager of each Nevada limited liability company with managers or one member if there are no managers; A trustees of each Nevada business trust (NRS 92A.230)*
     
    ¨ If there are more than four merging entities, check box and attach an 8 ½” x 11” blank sheet containing the required information for each additional entity from article eight.
     
    Petrosonic Energy, Inc.
    Name of merging entity
    X ART AGOLLI President 4/25/12
    Signature Title Date
         
    Name of merging entity    
    X    
    Signature Title Date
         
    Name of merging entity    
    X    
    Signature Title Date
         
    Name of merging entity    
    X    
    Signature Title Date
         
    and,    
    Bearing Mineral Exploration, Inc.    
    Name of surviving entity    
    X ART AGOLLI President 4/25/12
    Signature Title Date

 

*The articles of merger must be signed by each foreign constituent entity in the manner provided by the law governing it (NRS 92A.230) Additional signature blocks may be added to this page or as an attachment, as needed.

 

IMPORTANT: Failure to include any of the above information and submit with the proper fees may cause this filing to be rejected.

 

 
 

  

 

ROSS MILLER

Secretary of State

 

205 North Carson Street,

Carson City, Nevada 89701-4299

(775) 684-5708

 

Articles of Incorporation

(PURSUANT TO NRS 78)

Filed in the office of

Document Number

20080397328-22

/s/ Ross Miller
Ross Miller

Filing Date and Time

06/11/2008 11:20 AM

Secretary of State Entity Number
State of Nevada E0373802008-8

 

  Important. Read attached instructions before completing from. ABOVE SPACE IN FOR OFFICE USE ONLY

 

1. Name of
corporation:
Bearing Mineral Exploration, Inc.      
2. Registered Agent
Name and Street
Address:

Val-U-Corp Services, Inc.

Name

     
  (must be a Nevada address where process may be served) 1802 North Carson Street Suite 212 Carson City    NEVADA 89701 
   

Street Address

City

 

 

Zip Code

           
    Optional Mailing Address City State Zip Code
3. Shares:
(number of shares
corporation
authorized to issue
)
Number of shares Number of shares
    with par value:  75,000,000 Common  Par value: $.001  without par value:                                  
4. Names & Addresses
of Board of
Directors/Trainees:

1   Daniel A. Kramer

    Name

   
  (attach additional page   1802 North Carson Street Suite 212   Carson City  NV 89701
  there is more than 2 directors/trustees)

Street Address

City

 State

Zip Code

           
    2.      
        Name      
           
    Street Address City State Zip Code
           
    3.      
        Name      
           
    Street Address City State Zip Code
5.

Purposes:

(optional; see instructions)

The purpose of this Corporation shall be:

All legal purposes

     
6. Names, Address
and Signature of
Daniel A. Kramer /s/ Daniel A. Kramer
  Incorporator: Name Signature    
  (attach additional page        
  there is more than 1 incorporator) 

1802 North Carson Street Suite 212

Address

Carson City

City

NV

State

 

89701

Zip Code

7. Certificate of I hereby accept appointment as Registered Agent for the above named corporation:
  Acceptance of  
  Appointment of /s/ Daniel A. Kramer  
  Registered Agent: Authorized signature of R.A. or On behalf of R.A. Company Date       June 11, 2008      

  

This form must be accompanied by appropriate fees. See attached fee schedule.

 

Nevada Secretary of State NRS 78 Articles 2003

Revised: on: 09/2003

 

 
 

 

Articles of Incorporation

 

Of

 

Bearing Mineral Exploration, Inc.

 

First. The name of the corporation is Bearing Mineral Exploration, Inc.

 

Second. The registered office of the corporation in the State of Nevada is located at 1802 N. Carson Street, Suite 212, Carson City, Nevada 89701. The corporation may maintain an office, or offices, in such other places within or without the State of Nevada as may be from time to time designated by the Board of Directors or the By-Laws of the corporation. The corporation may conduct all corporation business of every kind and nature outside the State of Nevada as well as within the State of Nevada.

 

Third. The objects for which this corporation is formed are to engage in any lawful activity, including, but not limited to the following:

a) Shall have such rights, privileges and powers as may be conferred upon corporations by any existing law.
b) May at any time exercise such rights, privileges and powers, when not inconsistent with the purposes and objects for which this corporation is organized.
c) Shall have power to have succession by its corporate name for the period limited in its certificate or articles of incorporation, and when no period is limited, perpetually, or until dissolved and its affairs wound up according to law.
d) Shall have power to sue and be sued in any court of law or equity.
e) Shall have power to make contracts.
f) Shall have power to hold, purchase and convey real and personal estate and to mortgage or lease any such real and personal estate with its franchises. The power to hold real and personal estate shall include the power to take the same by devise or bequest in the State of Nevada, or in any other state, territory or country.
g) Shall have power to appoint such officers and agents as the affairs of the corporation shall require, and to allow them suitable compensation.
h) Shall have power to make By-Laws not inconsistent with the constitution or laws of the United States, or of the State of Nevada, for the management, regulation and government of its affairs and property, the transfer of its stock, the transaction of its business, and the calling and holding of meetings of its stockholders.
i) Shall have power to wind up and dissolve itself, or be wound up or dissolved.
j) Shall have power to adopt and use a common seal or stamp, and alter the same at pleasure. The use of a seal or stamp by the corporation on any corporate documents is not necessary. The corporation may use a seal or stamp, if it desires, but such use or nonuse shall not in any way affect the legality of the document.

 

 
 

 

k) Shall have the power to borrow money and contract debts when necessary for the transaction of its business, or for the exercise of its corporate rights, privileges or franchises, or for any other lawful purpose of its incorporation; to issue bonds, promissory notes, bills of exchange, debentures, and other obligations and evidences of indebtedness, payable at a specified time or times, or payable upon the happening of a specified event or events, whether secured by mortgage, pledge or otherwise, or unsecured, for money borrowed, or in payment for property purchased, or acquired, or for any other lawful object.
l) Shall have power to guarantee, purchase, hold, sell, assign, transfer, mortgage, pledge or otherwise dispose of the shares of the capital stock of, or any bonds, securities or evidences of the indebtedness created by, any other corporation or corporations of the State of Nevada, or any other state or government, and, while owners of such stock, bonds, securities or evidences of indebtedness, to exercise all rights, powers and privileges of ownership, including the right to vote, if any.
m) Shall have power to purchase, hold, sell and transfer shares of its own capital stock, and use therefore its capital, capital surplus, surplus, or other property to fund.
n) Shall have power to conduct business, have one or more offices, and conduct any legal activity in the State of Nevada, and in any of the several states, territories, possessions and dependencies of the United States, the District of Columbia, and any foreign countries.
o) Shall have power to do all and everything necessary and proper for the accomplishment of the objects enumerated in its certificate or articles of incorporation, or any amendment thereof, or necessary or incidental to the protection and benefit of the corporation, and, in general, to carry on any lawful business necessary or incidental to the attainment of the objects of the corporation, whether or not such business is similar in nature to the objects set forth in the certificate or articles of incorporation of the corporation, or any amendments thereof.
p) Shall have power to make donations for the public welfare or for charitable, scientific or educational purposes.
q) Shall have power to enter into partnerships, general or limited, or joint ventures, in connection with any lawful activities, as may be allowed by law.

 

Fourth. That the total number of stock authorized that may be issued by the Corporation is seventy five million (75,000,000) shares of Common stock with a par value of one tenth of one cet ($0.001) per share and no other class of stock shall be authorized. Said shares may be issued by the corporation from time to time for such considerations as may be fixed by the Board of Directors.

 

Fifth. The governing board of the 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 By-Laws of this corporation, providing that the number of directors shall not be reduced to fewer than one (1).

The first Board of Directors shall be one(1) in number and the name and post office address of the Director shall be listed as follows:

 

Daniel A. Kramer

1802 N. Carson St., Ste. 212, Carson City, NV 89701

 

 
 

 

 

 

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 post office address of the Incorporator signing the Articles of Incorporation is as follows:

 

Daniel A. Kramer

1802 N. Carson St., Ste. 212, Carson City, NV 89701

 

Eighth. The Registered Agent for this corporation shall be VAL-U-CORP SERVICES, INC. The address of the Registered Agent, and, the registered or statutory address of this corporation in the State of Nevada, shall be: 1802 N. Carson Street, Suite 212, Carson City, Nevada 89701.

 

Ninth. The corporation is to have perpetual existence.

 

Tenth. In furtherance and not in limitation of the powers conferred by the statue, the Board of Directors is expressly authorized:

 

a) Subject to the By-Laws, if any, adopted by the Stockholders, to make, alter or amend the By-Laws of the corporation.
b) 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.
c) By resolution passed by a majority of the whole Board, to designate one (1) or more committees, each committee to consist of one or more of the Directors of the corporation, which, to the extent provided in the resolutions, or in the By-Laws 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. Such committee, or committees, shall have such name, or names as may be stated in the By-Laws of the corporation, or as may be determined from time to time by resolution adopted by the Board of Directors.
d) When and as authorized by the affirmative vote of the 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 deems expedient and for the best interests of the corporation.

 

Eleventh. No shareholder shall be entitled as a matter of right to subscribe for or receive additional shares of any class of stock of the corporation, whether now or hereafter authorized, or any bonds, debentures or securities convertible into stock, but such additional shares of stock or other securities convertible into stock may be issued or disposed of by the Board of Directors to such persons and on such terms as in its discretion it shall deem advisable.

 

 
 

 

Twelfth . No Director or Officer of the corporation shall be personally liable to the corporation or any of its stockholders 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 (i) for acts or omissions which involve intentional misconduct, fraud or a knowing violation of the law, or (ii) the payment of dividends in violation of Section 78.300 of the Nevada Revised Statutes. Any repeal or modification of this Article by the Stockholders of the corporation shall be prospective only, and shall not adversely affect any limitations on the personal liability of a Director or Officer of the corporation for acts or omissions prior to such repeal or modification.

 

Thirteenth . 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 statute, or by the Articles of Incorporation, and all rights conferred upon Stockholders herein are granted subject to this reservation.

 

I, the undersigned, being the Incorporator hereinbefore named for the purpose of forming a corporation pursuant to 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 June 11, 2008.

 

/s/ Daniel A. Kramer

Daniel A. Kramer

Incorporator