ANTIGUA AND BARBUDA
The International Business Corporations Act, 1982 No. 28 of 1982 Cap. 222 Vol. 5 of the Revised Laws of
Antigua 1992 Edition
A Company Limited by Shares
NET-FORCE SYSTEMS INC.
In these By-Laws, if not inconsistent with the subject or context, the words hereinafter stated shall bear the
meanings opposite to them.
1. Shares and Share Capital
The issue or allotment of shares shall be under the control of the Board which may issue the whole or any portion
thereof with such referred, deferred, special or limited rights as it may think fit.
1.2 Alteration of Capital
The Corporation may from time to time by ordinary resolution increase the share capital by such sum to be
divided into shares of such amount as the resolution shall prescribe. The Corporation may by ordinary resolution:
a. Consolidate and divide all or any portion of its share capital into shares of larger amount than its existing
b. Sub-divide its existing shares, or any of them, into shares of smaller amount that is fixed by the Articles of
Incorporation subject, nevertheless, to the provisions of the Act;
c. Cancel any shares which, at the date of the passing of the resolution, have not been taken up or agreed to be
THE CORPORATION The above-named Corporation
THE ACT The International Business Corporations Act, 1982 No.
28 of 1982, and every other Act for the time being in
force concerning corporations and affecting the
THESE PRESENTS These By-Laws as originally framed, or as from time
to time amended or altered by special resolution.
THE REGISTER The Register of shareholders to be kept as required
by Section 130 of the Act.
OFFICE The Registered Office for the time being of the