1. |
The liability of the members of the Company is limited to the amount (if any) of the time being unpaid on the shares respectively held by them.
|
2. |
The undersigned, namely,
|
Name and Address
|
Bermudian Status
(Yes or No)
|
Nationality
|
Number of Shares
Subscribed
|
|
Compass Administration Services Ltd.
Crawford House
50 Cedar Avenue
Hamilton HM 11
|
Yes
|
Bermuda
|
1
|
3. |
The Company is to be an exempted Company as defined by the Companies Act 1981.
|
4. |
The Company, with the consent of the Minister of Finance, has power to hold land situate in Bermuda not exceeding ___ in all, including the following parcels: -N/A
|
5. |
The authorised share capital of the Company is USD$12,000.00 divided into 120,000,000 shares of par value US$0.0001 each.
|
6. |
the objects for which the Company is formed and incorporated are unrestricted.
|
7. |
The following are provision regarding the powers of a Company:
|
i) |
Has the powers of a natural person;
|
ii) |
Subject to the provisions of Section 42 of the Companies Act 1981, has the power to issue preference shares which at the option of the holders thereof are to be liable to be
redeemed;
|
iii) |
Has the power to purchase its own shares in accordance with the provisions of Section 42A of the Companies Act 1981; and
|
iv) |
Has the power to acquire its own shares to be held as treasury shares in accordance with the provisions of Section 428 of the Companies Act 1981.
|
/s/ Laetitia Hupman
|
/s/ Alexandra Schweizer
|
|
Laetitia Hupman
|
(Witness)
|
|
Duly authorised, for and on behalf of
|
||
Compass Administration Services Ltd.
|
||
(Subscriber)
|