Legal amendment to the BCAP By-Laws: By
Post# of 16816
Posted On: 09/05/2012 4:43:47 PM
Legal amendment to the BCAP By-Laws:
Bylaw Amendment RESOLVED,
that the Bylaws, as amended, of the Corporation are hereby amended to add a new Section 10.06 to Article X thereof, to read as follows:
"
Section 10.06 Temporary Provisions . For a period of two (2) years terminating on July 1, 2014, the corporation shall not, without the prior written consent of holders of a majority of the issued and outstanding Common Stock of the corporation (a) amend its Articles of Incorporation so as to increase the number of authorized shares of Common Stock and/or (b) effect a reverse split of the corporation’s issued and outstanding Common Stock. Effective at the close of business on July 1, 2014 or on such earlier date as written consent shall have been provided in accordance with the preceding sentence, these By-Laws shall be automatically amended, without further action by the Board of Directors or shareholders of the corporation, so as to delete and eliminate this Section 10.06."
http://www.baroncapitalenterprise.com/images/...onsent.pdf
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