THIRDAMENDEDBYLAWS

OF

PCSEDVENTURES!.COM,INC. 

 

 

ARTICLEI

 

Offices

 

 

TheprincipalofficeoftheCorporationintheStateof IdahoshallbelocatedintheCityofBoise,CountyofAda.TheCorporationmayhavesuchotherofficesastheBoardofDirectors maydesignate.

 

The registeredofficeoftheCorporationintheStateof Idaho,asrequiredbytheIdahoBusinessCorporationAct,may,butneednot,beidenticalwiththeprincipalofficeintheStateofIdaho.TheaddressoftheregisteredofficemaybechangedfromtimetotimebytheBoardofDirectors.

 

 

ARTICLEII

 

Shareholders

 

 

Section1.AnnualMeeting.TheannualmeetingoftheshareholdersshallbeheldbetweenJune15andSeptember30ofeachyearforthepurpose ofelectingdirectorsandforthetransactionofsuchotherbusinessasmaycomebeforethemeeting.

 

Section2. SpecialMeetings. Specialmeetingsoftheshareholders,foranypurposeorpurposes,unlessotherwiseprescribedbystatuteortheCorporation'sArticles ofIncorporation,maybecalledbythePresidentorbytheBoardofDirectors.ThePresidentshallcall aspecialmeetingattherequestoftheholdersofnotlessthanone-fifth(1/5)ofalloutstandingsharesoftheCorporation entitledtovoteatthemeeting.

 

Section3.PlaceofMeeting.TheBoardof Directorsmaydesignateanyplace,either within orwithouttheStateofIdaho,astheplaceof meetingfortheannualmeetingorforanyspecialmeeting. Awaiverofnoticesignedbyallshareholdersentitledtovoteatameetingmaydesignateanyplace,eitherwithinorwithouttheStateof Idaho,as theplacefor theholdingofsuchmeeting. Ifnodesignation ismade,theplaceofmeetingshallbetheprincipalofficeoftheCorporationintheStateofIdaho.

 

Section4.NoticeofMeeting.Writtennoticestatingtheplace,dayandtimeofthemeetingand,incaseofaspecialmeeting,thepurposeorpurposesforwhichthemeetingiscalled shall,unless otherwiseprescribedbystatute,bedeliverednotlessthan10ormorethan50days beforethedateofthemeeting,eitherpersonallyorbymail,byoratthedirectionofthe PresidentortheSecretaryortheofficerorotherpersonscallingthemeeting,toeach shareholderofrecordentitled tovoteatsuchmeeting.If mailed,such noticeshallbedeemedtobedeliveredwhendepositedintheUnitedStatesmail,addressedtotheshareholderattheshareholder's addressasitappearsonthestocktransferbooksoftheCorporation,oratsuchotherlastknownaddressofwhichtheCorporationmayhavenotice,withpostagethereonprepaid.

 

Section5.ClosingofTransferBooksorFixingofRecordDate. Forthepurposeofdeterminingshareholdersentitledtonoticeofortovoteatanymeetingofshareholders,oranyadjournmentthereof,orshareholdersentitledtoreceivepaymentofanydividendorinordertomakeadeterminationofshareholdersforanyotherproperpurpose,theBoardofDirectorsoftheCorporationmayprovidethatthestocktransferbooksshallbeclosedforastatedperiodbutnottoexceed,inanycase,50days.If the stock transfer books shall be closed for the purpose ofdeterminingshareholdersentitledtonoticeofortovoteatameetingofshareholders,suchbooksshallbeclosedforatleasttendaysimmediatelyprecedingsuchmeeting.Inlieuofclosingthestocktransferbooks,theBoardofDirectorsmayfixinadvanceadateastherecorddateforanysuchdeterminationofshareholders,suchdateinanycasetobenotmorethan50daysand,incaseofameetingofshareholders, notlessthan10dayspriortothedateofwhich theparticularactionrequiringsuchdetermination of shareholdersistobetaken. If thestocktransferbooksarenotclosedandnorecorddateisfixedforthedeterminationofshareholdersentitledtonoticeofortovoteatameeting ofshareholders,orshareholdersentitledtoreceivea dividend,thedateonwhichnoticeofthemeetingismailedorthedateonwhichthe resolutionoftheBoardofDirectorsdeclaringsuchdividendisadopted,asthecasemaybe,shallbetherecorddateforsuchdeterminationofshareholders.Whenadeterminationofshareholdersentitledtovoteatanymeetingofshareholders hasbeenmadeasprovidedinthissection,suchdeterminationshall applytoanyadjournmentthereof.

 

Section6.VotingRecord.Theofficeroragent havingchargeofthestocktransferbooksforsharesoftheCorporationshallhaveavailableacompleterecordoftheshareholdersentitledtovoteat each meetingofshareholders,orany adjournmentthereof.Suchrecordshallbeproducedandkeptopenatthemeetingandshallbesubjecttotheinspectionofanyshareholderduringthemeeting.

 

Section7.Quorum.AmajorityoftheoutstandingsharesoftheCorporationentitledtovote,representedinpersonorbyproxyatameeting,shallconstituteaquorumatameetingofshareholders.Theshareholderspresentatadulyorganizedandconvenedmeetingwhereaquorumhasbeenpresentcancontinuetodobusinessasaquorumuntiladjournment,notwithstandingthewithdrawalofenoughshareholderstoleavelessthanaquorum.If a quorumispresent,actiononanymatter(otherthan electionofdirectors)isapprovedifthevotescastinfavoroftheactionexceedvotescastinoppositiontothematter,unlessthevoteofthegreaternumberofvotingby classesisrequiredbytheseBylaws ortheArticlesof Incorporation.

 

Section8.Proxies.Atallmeetingsofshareholders,ashareholdermayvoteinpersonor by properlyexecutedwrittenproxy.Suchproxy shall be filedwith the Secretary of the Corporationbeforeoratthetimeof themeeting. Noproxyshallbevalid after11months fromthedateofitsexecutionunlessotherwiseprovidedintheproxy.

 

Section9.VotingofShares.SubjecttotheprovisionsofSection12ofthisArticleII,eachoutstandingshareentitledtovoteshallbeentitledtoonevoteuponeachmattersubmittedtoavoteatameetingofshareholders.

 

Section 10. VotingofSharesby Certain Holders. SharesstandinginthenameofanotherCorporationmaybevotedbysuchofficer,agentorproxyastheBylawsofsuchCorporationmayprescribeor,intheabsenceofsuchprovision,as theBoard of Directorsof suchothercorporationmaydetermine.

 

Sharesheldbyapersonalrepresentative,guardianorconservatormaybevotedby suchpersonalrepresentative,guardianorconservator,eitherinpersonorbyproxy,withoutatransferofsuchsharesintothenameofsuchpersonalrepresentative,guardianorconservator.Sharesstandinginthenameofatrusteemaybevotedbysuchtrustee, eitherinpersonorbyproxy,butnotrusteeshall beentitled tovotesharesheldbysuchtrusteewithoutatransferofsuch shares intothetrustee'sname.

 

Sharesstandinginthenameofareceiver maybevotedbysuchreceiver,andsharesheldbyor underthecontrolofareceivermaybevotedbysuchreceiverwithout thetransferthereofintothereceiver'snameifauthoritysotodobecontainedinanappropriateorderofthecourtbywhichsuchreceiverwasappointed.

 

Ashareholderwhosesharesare pledgedshallbeentitledtovotesuchsharesuntiltheshareshavebeentransferred intothenameofthepledgee,andthereafterthepledgeeshallbeentitledtovotethesharessotransferred.

 

Neither treasurysharesheldbythisCorporationnorsharesheldbyanothercorporation,ifamajorityofthevotingsharesofsuchothercorporationareheldbythisCorporation,shallbevotedatanymeetingorcountedindeterminingthetotalnumberofoutstandingsharesatanygiventimeforpurposesofanymeeting.

 

Section11.InformalActionbyShareholders.Anyactionrequired orpermittedtobetakenatameetingoftheshareholdersmaybetakenwithoutameetingifaconsentinwritingsettingforththe actionsotakenshall be signedbyalloftheshareholdersentitledtovotewithrespecttothesubjectmatterthereof.

 

Section12.Voting.Eachoutstandingshare,regardlessofclass,shallbeentitledtoone(1)voteoneachmattersubmittedtoavoteatameetingofshareholders.Theaffirmativevoteofthemajorityofsharesrepresentedatameetingatwhicha quorumispresentshallbetheactoftheshareholders.

 

 

ARTICLE III

 

BoardofDirectors

 

Section1.GeneralPowers.ThebusinessandaffairsoftheCorporationshallbemanaged byitsBoardofDirectors.

 

Section2. Number,TenureandQualifications. ThenumberofdirectorsoftheCorporationshallnotbelessthanone(1)normorethan nine(9),whichnumbermaybeincreasedfromtimetotimebyresolutionoftheBoardofDirectors. Eachdirectorshallholdofficeuntilthenextannualmeetingofshareholdersanduntilthedirector'ssuccessor shallhavebeenelectedandqualified. DirectorsneednotberesidentsoftheStateof Idahoor shareholdersoftheCorporation.

 

Section3.RegularMeetings.AregularmeetingoftheBoardofDirectorsshallbeheldwithoutothernoticethanthisBylawimmediatelyafter,andatthesameplaceas,theannualmeetingofshareholders.TheBoardofDirectorsmay provide,byresolution,thetimeandplace,eitherwithinorwithouttheStateofIdaho,fortheholdingofadditionalregular meetingswithoutothernoticethansuchresolution.AnymeetingsoftheBoardmaybeconductedbytelephoneconferencing,oranyothertelecommunication means.

 

Section4.SpecialMeetings.SpecialmeetingsoftheBoardofDirectorsmaybecalledbyoratthe request ofthePresidentorbyamajorityofthedirectors.ThepersonorpersonsauthorizedtocallspecialmeetingsoftheBoardofDirectorsmayfixanyplace,either withinorwithouttheStateof Idaho,astheplaceforholdinganyspecialmeetingoftheBoardofDirectorscalledbythemorsuchmeetingmaybeheldbyconferencetelephonecall.

 

Section5.Notice.Noticeofanyspecialmeetingshallbegivenatleastthreedayspriortheretobywrittennoticedeliveredpersonallyormailedtoeachdirectoratthedirector'sbusinessaddressorbytelegram. If mailed,suchnoticeshallbedeemedtobedeliveredwhendepositedintheUnitedStatesmail,soaddressed,withpostagethereonprepaid.If noticebegivenbytelegram,suchnoticeshallbedeemedtobedeliveredwhenthetelegramisdeliveredtothetelegraphcompany.Anydirectormaywaivenoticeofanymeeting.Theattendanceofadirectorata meetingshallconstituteawaiverofnoticeofsuchmeetingexceptwhere adirectorattendsameetingfortheexpresspurposeofobjectingtothetransactionofanybusinessbecausethemeetingisnotlawfullycalledorconvened.Neitherthebusiness tobetransactedat,northepurposeof,anyregularorspecialmeetingof theBoardof Directorsneedbespecifiedinthenoticeorwaiverofnoticeorsuchmeeting.

 

Section6.Quorum.AmajorityofthenumberofdirectorsfixedbySection2ofthisArticleIIIshallconstituteaquorumforthetransactionofbusinessatanymeetingoftheBoardofDirectors;butiflessthansuchmajorityispresentatameeting,amajorityofthedirectorspresentmayadjournthemeetingfromtimetotimewithoutfurthernotice.

 

Section7.MannerofActing.Theactofthemajorityofthedirectorspresentata meetingatwhichaquorumispresentshallbetheactofthe BoardofDirectors.

 

Section8.ActionWithoutaMeeting.Anyactionrequiredor permittedtobetakenbytheBoardofDirectorsatameetingmay betakenwithoutameetingifaconsentinwritingsettingforththeactionsotakenshallbesignedbyallofthedirectors.

 

Section9. Vacancies.Anyvacancyoccurring ontheBoardofDirectorsmaybefilledbytheaffirmativevoteofamajorityoftheremainingdirectorsthoughlessthanaquorumoftheBoardofDirectors.Adirectorelectedtofillavacancyshallbeelectedfortheunexpiredtermofsuchdirector'spredecessorinoffice.Anyadditionaldirectorrequiredby reasonofanincreaseinthenumberofdirectorsmaybeelectedbytheBoardofDirectors,suchadditionaldirectortoserveonlyuntilthenextelectionofdirectorsbytheshareholders.

 

Section10.Compensation.ByresolutionoftheBoardofDirectors,eachdirectormaybepaidexpenses,ifany,ofattendanceateachmeetingoftheBoardofDirectorsandmaybepaidastatedsalaryasdirectororafixedsumforattendanceateachmeetingoftheBoardofDirectors,orboth.Nosuchpaymentshall precludeanydirectorfrom servingtheCorporationinanyothercapacityandreceivingcompensation therefore.

 

Section11.PresumptionofAssent.Adirectorof theCorporationwhoispresentatameetingoftheBoardofDirectorsatwhichactiononanycorporatematteristakenshallbepresumedtohaveassentedtotheactiontakenunlesssuchdirector'sdissentshallbeenteredintheminutesofthemeetingor unlessthedirectorshallfileawritten dissent tosuchactionwiththepersonactingastheSecretary of themeetingbeforetheadjournmentthereoforshallforwardsuchdissentbyregisteredmailtotheSecretaryoftheCorporation immediatelyaftertheadjournmentofthemeeting.Suchrighttodissentshallnotapplytoadirectorwhovotedinfavorofsuchaction.

 

 

ARTICLE IV

 

Officers

 

 

Section1.Number.Theofficersof theCorporationshallbeaPresident, oneormoreVice-Presidents,asdeterminedbytheBoardofDirectors,aSecretaryandaTreasurer.TheBoardofDirectorsmayelectorappointsuchotherofficersandassistantofficersasitmaydeemnecessary.Anytwoor moreofficesmaybeheldbythesameperson,excepttheofficesofPresident andSecretary.Officersneed notbedirectors.

 

Section2.ElectionandTermofOffice.TheofficersoftheCorporationshallbeelectedannuallybytheBoardofDirectorsatthemeetingheld aftereachannualmeetingoftheshareholders. Eachofficershallholdofficeuntilsuchofficer'ssuccessor shallhavebeenelectedandqualifiedoruntilsuchofficer'sdeath,resignationor removalinthemannerhereinafterprovided.

 

Section3.Removal. Any officeroragentmayberemovedbytheBoardofDirectorswhenever,initsjudgment,thebest interestoftheCorporationwillbeservedthereby,butsuchremovalshallbewithoutprejudicetothecontractrights,ifany,ofthepersonsoremoved. Electionorappointmentsofanofficeroragentshallnotofitselfcreatecontractrights.

 

Section4.Vacancies.Avacancyinanyofficebecauseofdeath,resignation,removal,disqualificationorotherwisemaybefilledbytheBoardofDirectorsfortheunexpiredportionoftheterm.

 

Section5.Duties.Thedutiesandpowersofthecorporateofficers,inadditiontothosehereinprovided,maybefixedanddeterminedbytheBoardof Directors.

 

Section6.President.ThePresidentshallbetheprincipalexecutiveofficeroftheCorporation;thePresidentshallpresideoverallmeetingsofthestockholdersandofthedirectors.ThePresidentshallsignasPresidentallcertificatesofstockandallcontracts,deeds,conveyancesandotherinstrumentsnecessarytothetransactionofthebusinessofthe Corporation that areauthorizedbytheBoardofDirectors,providedtheBoardofDirectors,byresolution,mayauthorizesomeperson otherthan the Presidenttoexecuteinstrumentsonbehalf oftheCorporation.

 

ThePresidentshallcallspecialmeetingsoftheBoardofDirectorswhenthePresidentmaydeemitnecessaryandmustcallaspecialmeetingofthedirectorsupontherequestof amajorityofthemembersthereof;andthePresidentshallhave,subjecttothecontroloftheBoardofDirectors,generaldirectionoftheaffairsoftheCorporationandshalldischargesuchotherandfurtherdutiesasmayberequiredofthePresidentbytheBoardofDirectorsintheproperconductofthebusinessoftheCorporation.

Section7.Vice-Presidents.IntheabsenceofthePresident,orintheeventofthePresident'sinabilityorrefusaltoact,theVice-Presidents,intheorderdesignatedatthe timeoftheirelection,shallperformthedutiesofthePresidentand,whensoacting,shallhaveallthepowersofandbesubjecttoalltherestrictions upon thePresident.

 

Section8.Secretary.It shallbethedutyoftheSecretarytocausearecordtobekeptoftheproceedingsoftheBoardofDirectorsandofallmeetingsoftheshareholders;theSecretaryshallberesponsibleforthecorporatesealandthebookofblankcertificatesofstockandshallcausethestockcertificatestobeissuedandshallcountersignthesameandcausethecorrespondingentriestobemadeonthemarginofsaidstockbookofsuch issue;theSecretaryshallaffixthecorporatesealandmaycountersignall contracts, deeds,conveyancesandallotherinstrumentsandobligationsinwriting,ofwhateverkindornature,authorizedbytheBoardofDirectorstobeenteredintoandexecutedbytheCorporation;theSecretaryshallcausetobekeptapropertransferbookandastockledgershowingthenumberofsharesissuedtoandtransferredbyeachshareholderandthedateofsuchissuanceandtransfer;theSecretaryshallkeeparegisterofthepostofficeaddressofeachshareholderfurnishedtotheSecretarybysuchshareholder;andtheSecretaryshallfurtherdoandperformeachandeverydutypertainingtotheSecretary'sofficeasrequiredbylaw,theBylawsofthisCorporationorresolutionoftheBoardofDirectors;andincaseoftheSecretary'sabsence,inabilityorrefusaltoact,all theSecretary'sdutiesshallbeperformedbyanAssistantSecretaryoranactingSecretarytobeappointedbythePresidentorbyaVice-Presidentwhenperforming thedutiesofthePresident.

 

Section9.Treasurer.TheTreasurershallhavechargeofandbe responsibleforallfundsandsecuritiesoftheCorporation,receive andgivereceiptsformoniesdueandpayabletotheCorporationfromanysourcewhatsoeveranddepositallsuchmoniesinthenameoftheCorporation insuchbanks,trustcompaniesorotherdepositoriesasshallbeselectedinaccordancewiththeprovisionsofArticleVIoftheseBylawsand,ingeneral,performallofthedutiesincidenttotheofficeofTreasurer.IfrequiredbytheBoardofDirectors,theTreasurershallgiveabondforthefaithfuldischargeoftheTreasurer'sdutiesin suchsumandwithsuchsuretyorsuretiesastheBoardofDirectorsshalldetermine.

 

Section10.AssistantSecretariesandAssistantTreasurers.The AssistantSecretaries,whenauthorizedbytheBoardofDirectors,maysign,withthePresidentcertificates forsharesofthe Corporation,theissuanceofwhichshallhavebeenauthorizedbyaresolutionoftheBoardofDirectors.TheAssistantTreasurersshall, respectively,ifrequiredby theBoardofDirectors,givebondsforthefaithfuldischargeoftheir dutiesinsuchsumsandwithsuchsuretiesastheBoardofDirectorsshalldetermine.TheAssistantSecretariesandAssistantTreasurersingeneral,shallperformsuchdutiesasshallbeassignedtothembytheSecretaryortheTreasurer,respectively,orbythePresidentor theBoardofDirectors.

 

Section11.Salaries.Thesalariesoftheofficersshallbe fixedbytheBoardofDirectors,andnoofficershallbepreventedfromreceivingsuch salarybyreasonofthefactthatsuchofficerisalsoadirectoroftheCorporation.

 

 

ARTICLEV

 

IndemnificationAgainstLiability

 

 

Tothefullestextentpermittedbylaw,thisCorporationshallindemnifyanypersonandtoadvanceexpensesincurredortobeincurredbysuchpersonindefendingacivil,criminal,administrativeorinvestigativeaction,suitorproceedingthreatenedorcommencedbyreasonofthefactsaidpersonisorwasadirector,officer,employee oragentoftheCorporation,orisorwasservingattherequestoftheCorporationasadirector, officer,employeeoragentofanotherCorporation, partnership,jointventure,trustorotherenterprise.Anysuchindemnificationoradvancementofexpensesshallnotbedeemedexclusiveofanyotherrightstowhichsuchpersonmay beentitledunderanybylaw,agreement,voteofshareholdersordisinteresteddirectorsorotherwise,bothastoaction insuchperson'sofficialcapacityandastoactioninanothercapacitywhileholdingsuchoffice.AnyindemnificationoradvancementofexpensessograntedorpaidbytheCorporationshall,unlessotherwiseprovidedwhenauthorizedorratified,continue astoapersonwhohasceasedtobeadirector,officer,employeeoragentandshallinuretothebenefitofthe heirsandpersonal representativeofsuch aperson. 

NodirectorshallbeliabletotheCorporationoritsshareholdersformonetarydamagesforbreachoffiduciarydutyexcept:Foranybreachofthedirector'sdutyofloyaltytotheCorporationoritsshareholders;foractsoromissionsnotingoodfaithorwhichinvolve intentionalmisconductoraknowingviolationoflaw;forliability imposedforfailuretocomplywiththeapplicablelegalstandardofconductforadirectorinanyofthecircumstancesdescribedinSection30-1-48,IdahoCode;orforanytransactionfrom whichthedirectorderivesanimproperpersonalbenefit.

 

 

 

ARTICLEVI

 

Contracts,Loans,ChecksandDeposits

 

Section1.Contracts.TheBoardofDirectorsmayauthorizeanyofficerorofficers,agentoragentstoenterintoanycontractorexecuteanddeliveranyinstrumentinthenameofandonbehalfoftheCorporation,andsuchauthoritymaybegeneralorconfinedtospecificinstances.

 

Section2.Loans.NoloansshallbecontractedonbehalfoftheCorporation,andnoevidencesofindebtednessshallbeissuedinitsnameunlessauthorizedbyaresolutionoftheBoardofDirectors. Suchauthoritymaybegeneralorconfinedtospecificinstances.

 

Section3.Checks.Drafts,Etc. Allchecks,draftsorotherordersforthepaymentofmoney,notesorotherevidencesofindebtednessissuedinthenameoftheCorporationshallbesignedbysuchofficerorofficers,agentoragentsoftheCorporationandinsuchmannerasshallfromtimetotimebedeterminedbyresolutionoftheBoardofDirectors.

 

Section4.Deposits.AllfundsoftheCorporationnototherwiseemployedshallbedepositedfromtimetotimeto thecreditoftheCorporationinsuchbanks,trustcompaniesorotherdepositoriesastheBoardofDirectorsmayselect.

 

 

 

ARTICLEVII

 

CertificatesforSharesandTheirTransfer

 

Section1.CertificatesforShares.CertificatesrepresentingsharesoftheCorporationshallbeinsuchformas shallbedeterminedbytheBoardofDirectors.SuchcertificatesshallbesignedbythePresidentandbytheSecretaryoranAssistantSecretaryandsealedwiththecorporatesealorafacsimilethereof.Thesignaturesofsuchofficers uponacertificatemaybefacsimilesifthecertificateismanuallysignedonbehalfofatransferagentoraregistrarotherthantheCorporationitselforoneofitsemployees.Eachcertificateforsharesshallbeconsecutivelynumberedorotherwiseidentified.Thenameandaddressofthepersontowhomthesharesrepresentedtherebyareissued,withthenumberofsharesanddateofissue,shall beenteredonthestocktransferbooksoftheCorporation. AllcertificatessurrenderedtotheCorporationfortransfershallbecancelled, andnonewcertificateshallbeissueduntiltheformercertificateforalikenumberofsharesshallhavebeensurrenderedandcancelled,exceptthatincaseofalost,destroyedormutilatedcertificateanewonemaybeissuedthereforeuponsuchtermsandindemnitytotheCorporationastheBoardofDirectorsmayprescribe.

 

Section2.TransferofShares.Transferofsharesofthe CorporationshallbemadeonlyonthestocktransferbooksoftheCorporationbytheholderofrecordthereoforbytheholder's legalrepresentativeordulyauthorizedattorneyinfact,whoshallfurnishproper evidenceofauthoritytotransfer,andonsurrenderforcancellation ofthecertificateforsuchshares.Theperson inwhosenamesharesstandonthebooksoftheCorporationshallbe deemedbytheCorporationtobetheownerthereofforallpurposes.

 

 

ARTICLEVIII

 

Dividends

 

TheBoardofDirectorsmayfromtimetotimedeclare,andtheCorporationmaypay,dividendsincash,propertyoritsown shares,exceptwhentheCorporationisinsolventorwhenthepaymentthereofwouldrendertheCorporationinsolvent,subjecttothefollowingprovisions:

 

(a)        Dividendsmaybedeclaredandpaidincashorproperty onlyoutofthe unreservedandunrestrictedearnedsurplusoftheCorporation,exceptasotherwiseprovidedinthissection.

 

(b)          Dividendsmaybedeclaredandpaidintreasuryshares.

 

(c)          Dividendsmaybedeclaredandpaidinauthorizedbutunissuedsharesoutofanyunreservedandunrestricted surplusoftheCorporation onlyasprovided bylaw.

 

 

ARTICLE IX

 

CorporateSeal

 

TheBoardofDirectorsshallprovideacorporatesealwhichshallbecircularinformandshallhaveinscribedthereonthenameoftheCorporation,thestateofincorporationandthewords"CorporateSeal."

 

 

ARTICLEX

 

WaiverofNotice

 

Wheneveranynoticeisrequiredtobegiventoanyshareholderordirectorofthe CorporationundertheprovisionsoftheseBylawsorundertheprovisionsoftheIdahoBusinessCorporationAct,awaiverthereofinwritingsignedbythepersonorpersonsentitledtosuchnotice, whetherbeforeorafterthetimestatedtherein,shallbedeemedequivalenttothegivingofsuchnotice.

 

 

ARTICLEXI

 

Amendments

 

TheBylawsmaybealtered,amendedorrepealedandnewBylawsmaybeadoptedbytheBoardofDirectorsorbytheshareholdersatanyregularor specialmeeting.

 

I,theundersigned,amemberoftheBoardof DirectorsofPCSEDVENTURES!.COM,INC.,andtheSecretaryoftheCorporation,herebycertifythe aboveandforegoingThirdAmendedBylawsweredulyadoptedand amendedbytheBoardofDirectors onor aboutAugust28,2006.

DATEDatBoise,Idaho,this 29 dayofAugust,2006.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

THIRD AMENDEDBYLAWS-10