Document:

ex10_3.htm

    
      

    

    

    

     

    Dear
      ____________

     

     

    RE:
      (CDN) $50,000 per unit private
      placement in Imaging PET Technologies, Inc.

    

    You
      participated in an amount of (CDN)
      $50,000 representing 1 unit of an Imaging PET Technologies (IPT) private
      placement.  In that offering you were given the choice of one of two
      options:

     

    
      	
               

            	
              a)

            	
              to
                receive 100,000 common shares of
                IPT

            

    

     

    or

     

    
      	
               

            	
              b)

            	
              to
                receive the equivalent of 1,000,000 Positron common
                shares

            

    

     

    This
      option was expedited by the creation for Positron Corporation of a Class B
      convertible preferred share which is convertible into 100 Positron common
      shares. Each $50,000 unit is therefore exercisable into 10,000 Positron Class
      B
      Preferred shares.  Each unit of 10,000 Positron Class B Preferred
      shares is convertible into 1,000,000 Positron common shares

     

    
      	
               

            	
              c)

            	
              Additionally
                you received warrants which are exercisable into 250,000 Positron
                common
                shares at (US) .05 per share for a period to end December 31st
                2007.

            

    

     

    
      
         

      

      
        -1-

        
          

        

      

      
         

      

    

     

    We
      understand that verbally you have indicated your desire to exercise your option
      to accept the Positron Class B shares and to get delivery of a warrant agreement
      on the warrant component as described.

    

    Please
      sign the document attached and return it to us to be processed.

    

    With
      your
      signature:

     

    
      	
            	
              1)

            	
              The
                investors in the IPT private placement have exercised their option
                to
                acquire Positron Class B Preferred Shares which will be convertible
                at a
                rate of 100 Positron common shares behind each Positron Class B Preferred
                Share.

            

    

     

    
      	
            	
              2)

            	
              These
                Positron Class B Preferred Shares are currently subscribed for by
                IPT.

            

    

     

    
      	
            	
              3)

            	
              IPT
                will cause Positron to issue Positron Class B Preferred Shares directly
                to
                each holder.

            

    

     

    
      	
            	
              4)

            	
              The
                Positron Class B Preferred Shares will then be subject to a registration
                statement which will be filed with the USA SEC to register said shares
                for
                sale and an application for trading in the USA Bulletin Board
                market.

            

    

     

    
      	
            	
              5)

            	
              Because
                the Class B has a 100 to 1 conversion feature, the Positron Preferred
                Shares under normal market conditions would be expected to trade
                in the
                stock market at parity to the underlying POSC common shares, i.e.
                100
                times the trading price of the common
                shares.

            

    

     

    
      	
            	
              6)

            	
              Each
                investor upon deciding to exercise their
                option:

            

    

     

    
      	
               

            	
              (i)

            	
              Can
                choose to take physical delivery of the Positron Class B Preferred
                Shares
                which will come with a legend affixed making them non-transferable
                until
                after a registration statement becomes effective or under SEC rule
                144.

            

    

     

    Or
      alternatively

     

    
      
         

      

      
        -2-

        
          

        

      

      
         

      

       

    

    
      	
               

            	
              (ii)

            	
              Will
                allow us to instruct that they be held by the transfer agent until
                the
                registration statement becomes effective.  Filing of the
                registration will be facilitated by Positron legal counsel and transfer
                agent.

            

    

     

    Through
      this methodology your investment may be accelerated toward being freely traded.
      Please complete the form attached and we will expedite the
      transfers.

     

     

    Thank
      you
      for your patience.

    Patrick
      Rooney

    Chairman

    Imaging
      PET Technologies, Inc.

     

    
      
         

      

      
        -3-

        
          

        

      

      
         

      

    

     

    I,
      _______________, invested (CND) $50,000 in the Imaging PET Technologies, Inc.
      (IPT) private placement offering (the “Offering”). The Offering gives me an
      option to elect to acquire Class B Preferred Shares of Positron Corporation
      from
      the shares that have been subscribed for by IPT. I have elected to exercise
      my
      option to directly purchase those Positron Class B Preferred Shares which have
      been subscribed for by IPT in an amount of 10,000 Positron Class B Preferred
      Shares that will be registered into the name of
      ___________________.  These Class B Convertible Preferred Shares will
      be included in a registration statement to be filed with the USA SEC by Positron
      Corporation at its earliest convenience. It is understood that each POSC Class
      B
      Preferred Share is convertible at any time into 100 POSC common
      shares.

    

    Please
      expedite my request to register for free trading and sale my Positron Class
      B
      Convertible Preferred stock holdings.

    

     

      
        	 	 
	
                Sign
                  Investor’s Name

              	 
	 	 
	
                Print
                  Investor’s Name

              	 
	 	 
	
                Dated:

              	 	 

      

    

    

    
      	
               

            	
              ·

            	
              Please
                fax to 1-866-941-9860

            

    

     

     

    -4-ROSS MILLER
                  SECRETARY OF STATE
[LOGO OMITTED]    206 NORTH CARSON STREET
                  CARSON CITY, NEVADA 89701-4299
                  (775) 684 5708
                  WEBSITE: SECRETARYOFSTATE.BIZ

---------------------------------
    ARTICLES OF INCORPORATION

      (PURSUANT TO NRS 78)
---------------------------------

<TABLE>
<CAPTION>
USE BLACK INK ONLY - DO NOT HIGHLIGHT                            ABOVE SPACE IS FOR OFFICE USE ONLY
---------------------------------------------------------------------------------------------------------
<S>                          <C>                                  <C>          <C>     <C>
1. Name of                   Cranston, Inc.
   -------
   Corporation:
   ------------              ----------------------------------------------------------------------------
---------------------------------------------------------------------------------------------------------
2. Resident Agent            Capitol Corporate Services, Inc.
   --------------            ----------------------------------------------------------------------------
   Name and Street           Name
   ---------------
   Address:                  202 South Minnesota Street           Carson City  Nevada  89703
   --------                  -----------------------------------  -----------          --------
   (must be a Nevada         (MANDATORY) Physical Street Address  City                 Zip Code
   -----------------
   address where process
   ---------------------     -----------------------------------  -----------  ------  --------
   may be served)            (OPTIONAL) Mailing Address           City         State   Zip Code
   --------------
---------------------------------------------------------------------------------------------------------
3. Shares:                   Number of shares               Par value             Number of shares
   -------                   with par value: 250,000,000    per share: $ 0.001    without par value: 0
   (number of shares                         -------------              --------                     ----
   -----------------
   corporation is
   --------------
   authorized to
   -------------
   issue)
   ------
---------------------------------------------------------------------------------------------------------
4. Names & Addresses         1.  Alan Moadel
   -----------------             ------------------------------------------------------------------------
   of the Board of               Name
   ---------------
   Directors/Trustees        2 West 46th Street, Second Floor     New York     NY      10036
   ------------------        -----------------------------------  -----------  ------  --------
   (each Director/Trustee    Street Address                       City         State   Zip Code
   ----------------------
   must be a natural person  2.  Phillip Maroof
   ------------------------      ------------------------------------------------------------------------
   at least 18 years of          Name
   --------------------
   age: attach additional    2 West 46th Street, Second Floor     New York     NY      10036
   ----------------------    -----------------------------------  -----------  ------  --------
   page if more than 3       Street Address                       City         State   Zip Code
   -------------------
   directors/trustees:       3.
   -------------------          -------------------------------------------------------------------------
                                Name

                             -----------------------------------  -----------  ------  --------
                             Street Address                       City         State   Zip Code
---------------------------------------------------------------------------------------------------------
5. PURPOSE:                  The purpose of this Corporation shall be:
   --------
   (optional - see           Any lawful purpose.
   ---------------           ----------------------------------------------------------------------------
   instructions)
   -------------
---------------------------------------------------------------------------------------------------------
6. NAME. ADDRESS             Norman T. Reynolds                   X /s/ Norman T. Reynolds
   -------------             ---------------------------------    ---------------------------------------
   AND SIGNATURE OF          Name                                 Signature
   ----------------
   INCORPORATOR:             815 Walker, Suite 1250               Houston      TX      77002
   -------------             -----------------------------------  -----------  ------  --------
   (attach additional page   Address                              City         State   Zip Code
   -----------------------
   If more than 1
   --------------
   incorporator)
   -------------
---------------------------------------------------------------------------------------------------------
7. CERTIFICATE OF            I hereby accept appointment as Resident Agent of the above named corporation
   --------------
   ACCEPTANCE OF             X
   -------------             ----------------------------------------------------------------  ----------
   APPOINTMENT OF            Authorized Signature of R.A. of On Behalf of R.A. Company         Date
   --------------
   RESIDENT AGENT:
   ---------------
---------------------------------------------------------------------------------------------------------
</TABLE>

This form must be accompanied                  Nevada Secretary of State Form 78
by appropriate fees.                                               Articles 2007
                                                            Revised on: 01/01/07

<PAGE>
                   CONTINUATION FOR ARTICLES OF INCORPORATION
                                       FOR
                                 CRANSTON, INC.
                                 (THE "COMPANY")

                                    ARTICLE 8
                                  CAPITAL STOCK

     1.     Authorized  Stock.  The  total  number  of shares of stock which the
            -----------------
Company  shall have authority to issue is 250,000,000, consisting of 200,000,000
shares  of  common  stock,  par value $0.001 per share (the "Common Stock"), and
50,000,000 shares of preferred stock, par value $0.001 per share (the "Preferred
Stock").

     2.     Preferred  Stock.  The  Preferred  Stock  may be issued from time to
            ----------------
time  in  one  or  more  series.  The Board of Directors is hereby authorized to
create  and  provide for the issuance of shares of the Preferred Stock in series
and,  by filing a certificate pursuant to the applicable section of the NRS (the
"Preferred  Stock  Designation"),  to  establish from time to time the number of
shares  to be included in each such series, and to fix the designations, powers,
preferences and rights of the shares of each such series and the qualifications,
limitations  or  restrictions  thereof.  The authority of the Board of Directors
with  respect to each series shall include, but not be limited to, determination
of  the  following:

          (a)     The  designation of the series, which may be by distinguishing
number,  letter  or  title.

          (b)     The  number of shares of the series, which number the Board of
Directors may thereafter (except where otherwise provided in the Preferred Stock
Designation)  increase  or  decrease (but not below the number of shares thereof
then  outstanding).

          (c)     Whether  dividends,  if  any,  shall  be  cumulative  or
noncumulative  and  the  dividend  rate  of  the  series.

          (d)     The  dates  at  which  dividends,  if  any,  shall be payable.

          (e)     The  redemption rights and price or prices, if any, for shares
of  the  series.

          (f)     The  terms  and  amount  of  any sinking fund provided for the
purchase  or  redemption  of  shares  of  the  series.

          (g)     The amounts payable on, and the preferences, if any, of shares
of  the  series  in  the  event  of  any  voluntary  or involuntary liquidation,
dissolution  or  winding  up  of  the  affairs  of  the  Company.

          (h)     Whether  the  shares  of  the series shall be convertible into
shares  of  any  other class or series, or any other security, of the Company or
any  other  corporation,  and,  if  so, the specification of such other class or
series  of such other security, the conversion price or prices or rate or rates,
any  adjustments  thereof,  the  date  or  dates  at  which such shares shall be
convertible and all other terms and conditions upon which such conversion may be
made.

          (i)     Restrictions  on  the issuance of shares of the same series or
of  any  other  class  or  series.

          (j)     The  voting  rights,  if  any, of the holders of shares of the
series.

          (k)     Such  other  powers,  preferences and relative, participating,
optional  and  other  special  rights,  and  the qualifications, limitations and
restrictions  thereof  as  the  Board  of  Directors  shall  determine.

     3.     Common  Stock.  The  Common  Stock  shall  be subject to the express
            -------------
terms  of  the Preferred Stock and any series thereof.  Each share of the Common
Stock  shall  be  equal  to  each  other  share  of  the  Common  Stock.

                                        2
<PAGE>
The holders of shares of the Common Stock shall be entitled to one vote for each
such  share  upon  all  questions  presented  to  the  stockholders.

     4.     Voting  Rights.  Except  as  may  be  provided  in these Articles of
            --------------
Incorporation  or  in  a  Preferred  Stock Designation, or as may be required by
applicable  law, the Common Stock shall have the exclusive right to vote for the
election  of  directors and for all other purposes, and holders of shares of the
Preferred  Stock  shall  not  be  entitled  to  receive notice of any meeting of
stockholders  at  which  they  are  not  entitled to vote.  At each election for
directors,  every  stockholder  entitled to vote at such election shall have the
right  to  vote, in person or by proxy, the number of shares owned by him for as
many  persons as there are directors to be elected and for whose election he has
a right to vote.  It is expressly prohibited for any stockholder to cumulate his
votes  in  any  election  of  directors.

     5.     Denial  of  Preemptive Rights.  No stockholder of the Company shall,
            -----------------------------
by  reason  of  his  holding  shares  of  any  class,  have  any  preemptive  or
preferential  right  to  purchase or subscribe to any shares of any class of the
Company,  now or hereafter to be authorized, or any notes, debentures, bonds, or
other  securities  convertible  into or carrying options or warrants to purchase
shares  of  any  class,  now  or  hereafter to be authorized, whether or not the
issuance  of  any  such  shares,  or  such  notes,  debentures,  bonds  or other
securities would adversely affect dividend or voting rights of such stockholder,
other  than such rights, if any, as the Board of Directors in its discretion may
fix; and the Board of Directors may issue shares of any class of the Company, or
any  notes,  debentures, bonds, or other securities convertible into or carrying
options  or  warrants to purchase shares of any class, without offering any such
shares of any class, either in whole or in part, to the existing stockholders of
any  class.

                                    ARTICLE 9
                              ELECTION OF DIRECTORS

     1.     Number.  The  number  of directors constituting the initial Board of
            ------
Directors  is  two.  The  business and affairs of the Company shall be conducted
and  managed  by,  or under the direction of, the Board of Directors.  The total
number  of  directors  constituting the entire Board of Directors shall be fixed
and  may  be  altered from time to time by or pursuant to a resolution passed by
the  Board  of  Directors.

     2.     Vacancies.  Except  as  otherwise provided for herein, newly created
            ---------
directorships resulting from any increase in the authorized number of directors,
and  any  vacancies on the Board of Directors resulting from death, resignation,
disqualification,  removal or other cause, may be filled only by the affirmative
vote  of  a majority of the remaining directors then in office, even though less
than  a  quorum  of  the Board of Directors.  Any director elected in accordance
with the preceding sentence shall hold office for the remainder of the full term
of  the  newly created directorship or for the directorship in which the vacancy
occurred,  and  until such director's successor shall have been duly elected and
qualified,  subject  to  his  earlier  death,  disqualification,  resignation or
removal.  Subject  to  the  provisions  of  these  Articles of Incorporation, no
decrease  in  the  number of directors constituting the Board of Directors shall
shorten  the  term  of  any  incumbent  director.

     3.     Removal of Directors.  Except as otherwise provided in any Preferred
            --------------------
Stock  Designation,  any  director  may  be  removed  from  office  only  by the
affirmative  vote  of  the  holders of a majority or more of the combined voting
power of the then outstanding shares of capital stock of the Company entitled to
vote  at a meeting of stockholders called for that purpose, voting together as a
single  class.

                                   ARTICLE 10
                             MEETING OF STOCKHOLDERS

     Meetings of stockholders of the Company (the "Stockholder Meetings") may be
held  within  or  without the State of Nevada, as the Bylaws of the Company (the
"Bylaws")  may  provide.  Special Stockholder Meetings may be called only by (a)
the  President,  (b)  the  holders  of  at least 10 percent of all of the shares
entitled  to vote at the proposed special meeting, or (c) the Board of Directors
pursuant  to a duly adopted resolution.  Special Stockholder Meetings may not be
called  by  any  other  person  or persons or in any other manner.  Elections of
directors  need  not  be  by  written ballot unless the Bylaws shall so provide.

                                        3
<PAGE>
                                   ARTICLE 11
                               STOCKHOLDER CONSENT

     No  action that is required or permitted to be taken by the stockholders of
the  Company at any annual or special meeting of stockholders may be effected by
written consent of stockholders in lieu of a meeting of stockholders, unless the
action  to be effected by written consent of stockholders and the taking of such
action  by  such  written consent have expressly been approved in advance by the
Board  of  Directors.

                                   ARTICLE 12
                             LIMITATION OF LIABILITY

     Except  as  otherwise  provided  in  the  NRS, a director or officer of the
Company  shall  not  be personally liable to the Company or its stockholders for
damages  as  a result of any act or failure to act in his capacity as a director
or  officer;  provided,  however, that this Article shall not eliminate or limit
the  liability  of  a  director  or  officer (a) if it is proven that his act or
failure  to  act  constituted  a  breach of his fiduciary duties and such breach
involved  intentional  misconduct,  fraud  or a knowing violation of law, or (b)
under  Section  78.300  of  the  NRS.

     If  the  NRS  is  amended  after  the  date  of filing of these Articles of
Incorporation  to authorize corporate action further limiting or eliminating the
personal  liability  of  a  director, then the liability of the directors of the
Company  shall  be  limited or eliminated to the fullest extent permitted by the
NRS,  as  so  amended,  or  a  similar  successor  provision.  Any  repeal  or
modification  of  this  Article  by the stockholders of the Company or otherwise
shall  not adversely affect any right or protection of a director of the Company
existing  at  the  time  of  such  repeal  or  modification.

                                   ARTICLE 13
                                 INDEMNIFICATION

     1.     Discretionary  Indemnification. (a)  The Company  may  indemnify any
            -------------------------------
person  who  was  or  is  a  party  or  is  threatened to be made a party to any
threatened,  pending  or  completed  action,  suit or proceeding, whether civil,
criminal,  administrative  or investigative, except an action by or in the right
of  the  Company,  by  reason of the fact that he is or was a director, officer,
employee  or  agent  of  the Company, or is or was serving at the request of the
Company  as  a  director,  officer,  employee  or  agent of another corporation,
partnership,  joint  venture,  trust  or  other  enterprise,  against  expenses,
including  attorneys'  fees,  judgments,  fines  and  amounts paid in settlement
actually  and  reasonably incurred by him in connection with the action, suit or
proceeding  if  he:  (i) is not liable pursuant to Section 78.138 of the NRS; or
(ii)  acted  in good faith and in a manner which he reasonably believed to be in
or  not  opposed  to the best interests of the Company, and, with respect to any
criminal  action  or  proceeding, had no reasonable cause to believe his conduct
was  unlawful.  The  termination  of any action, suit or proceeding by judgment,
order,  settlement,  conviction  or  upon  a  plea  of  nolo  contendere  or its
equivalent,  does not, of itself, create a presumption that the person is liable
pursuant  to  Section  78.138  of  the NRS or did not act in good faith and in a
manner  which  he  reasonably  believed  to  be  in  or  not opposed to the best
interests  of  the  Company,  or  that,  with  respect to any criminal action or
proceeding,  he  had  reasonable cause to believe that his conduct was unlawful.

          (b)     The  Company may indemnify any person who was or is a party or
is  threatened to be made a party to any threatened, pending or completed action
or  suit by or in the right of the Company to procure a judgment in its favor by
reason  of  the fact that he is or was a director, officer, employee or agent of
the  Company, or is or was serving at the request of the Company  as a director,
officer,  employee  or agent of another corporation, partnership, joint venture,
trust or other enterprise against expenses, including amounts paid in settlement
and  attorneys'  fees actually and reasonably incurred by him in connection with
the  defense  or  settlement  of  the  action  or  suit if he: (i) is not liable
pursuant  to  Section  78.138  of  the NRS; or (ii) acted in good faith and in a
manner  which  he  reasonably  believed  to  be  in  or  not opposed to the best
interests  of the Company.  Indemnification may not be made for any claim, issue
or  matter  as  to which such a person has been adjudged by a court of competent
jurisdiction,  after  exhaustion  of  all appeals therefrom, to be liable to the
Company or for amounts paid in settlement to the Company, unless and only to the
extent  that the court in which the action or suit was brought or other court of
competent  jurisdiction  determines  upon  application  that  in view of all the
circumstances  of  the  case,  the  person  is fairly and reasonably entitled to
indemnity  for  such  expenses  as  the  courts  deem  proper.

                                        4
<PAGE>
     2.     Determination  of  Discretionary Indemnification.  Any discretionary
            ------------------------------------------------
indemnification  pursuant to Section 1 of this Article "Indemnification", unless
ordered  by  a  court or advanced pursuant to this Section 2, may be made by the
Company  only  as  authorized  in  the  specific  case upon a determination that
indemnification  of  the  director,  officer, employee or agent is proper in the
circumstances.  The  determination  must  be  made:

          (a)     By  the  stockholders;

          (b)     By the Board of Directors by majority vote of a quorum
consisting of directors who were not parties to the action, suit or proceeding;

          (c)     If a majority vote of a quorum consisting of directors who
were not parties to the action, suit or proceeding so orders, by independent
legal counsel in a written opinion; or

          (d)     If a quorum consisting of directors who were not parties to
the action, suit or proceeding cannot be obtained, by independent legal counsel
in a written opinion.

     The  expenses  of  officers  and directors incurred in defending a civil or
criminal  action,  suit  or  proceeding  must be paid by the Company as they are
incurred  in advance of the final disposition of the action, suit or proceeding,
upon  receipt  of  an  undertaking by or on behalf of the director or officer to
repay  the  amount  if  it  is  ultimately  determined  by  a court of competent
jurisdiction  that  he  is  not  entitled  to  be  indemnified  by  the Company.

     3.     Mandatory  Indemnification.  To the extent that a director, officer,
            --------------------------
employee  or agent of the Company has been successful on the merits or otherwise
in  defense  of  any action, suit or proceeding referred to in Section 1 of this
Article  "Indemnification", or in defense of any claim, issue or matter therein,
the  Company  shall  indemnify  him  against expenses, including attorneys' fees
actually  and  reasonably  incurred  by  him  in  connection  with  the defense.

     4.     Non-Exclusivity.  The  indemnification  and  advancement of expenses
            ---------------
authorized  in  or  ordered  by  a  court  pursuant  to  this  Article:

          (a)     Does  not  exclude  any other rights to which a person seeking
indemnification  or advancement of expenses may be entitled under any agreement,
vote  of  stockholders  or  disinterested  directors or otherwise, for either an
action  in  his official capacity or an action in another capacity while holding
his  office,  except that indemnification, unless ordered by a court pursuant to
Section  1  of this Article, or for the advancement of expenses made pursuant to
Section  2  of  this  Article may not be made to or on behalf of any director or
officer  if a final adjudication establishes that his acts or omissions involved
intentional misconduct, fraud or a knowing violation of the law and was material
to  the  cause  of  action.

          (b)     Continues for a person who has ceased to be a director,
officer, employee or agent and inures to the benefit of the heirs, executors and
administrators of any such person.

     5.     Insurance.  The  Company may purchase and maintain insurance or make
            ----------
other  financial  arrangements on behalf of any person who is or was a director,
officer,  employee  or agent of the Company, or is or was serving at the request
of the Company as a director, officer, employee or agent of another corporation,
partnership, joint venture, trust or other enterprise for any liability asserted
against  him  and  liability  and  expenses incurred by him in his capacity as a
director,  officer,  employee  or  agent,  or arising out of his status as such,
whether  or  not  the  Company  has  the authority to indemnify him against such
liability  expenses.

                                        5
<PAGE>
                                   ARTICLE 14
                        AMENDMENT OF CORPORATE DOCUMENTS

     1.     Articles  of  Incorporation.  Whenever  any  vote  of the holders of
            ---------------------------
voting  shares  of the capital stock of the Company is required by law to amend,
alter,  repeal or rescind any provision of these Articles of Incorporation, such
alteration,  amendment,  repeal or rescission of any provision of these Articles
of  Incorporation  must  be  approved  by  the  Board  of  Directors  and by the
affirmative  vote  of  the holders of at least a majority of the combined voting
power  of  the  then  outstanding voting shares of capital stock of the Company,
voting  together  as  a  single  class.

     Subject  to  the  provisions  hereof, the Company reserves the right at any
time,  and  from  time to time, to amend, alter, repeal or rescind any provision
contained  in  these  Articles  of  Incorporation in the manner now or hereafter
prescribed  by  law, and other provisions authorized by the laws of the State of
Nevada  at  the  time  in  force  may be added or inserted, in the manner now or
hereafter  prescribed  by  law;  and  all  rights, preferences and privileges of
whatsoever  nature  conferred  upon stockholders, directors or any other persons
whomsoever  by  and pursuant to these Articles of Incorporation in their present
form  or as hereafter amended are granted subject to the rights reserved in this
Article.

     2.     Bylaws.  In  addition  to  any affirmative vote required by law, any
            ------
change  of  the  Bylaws may be adopted either (a) by the affirmative vote of the
Board  of  Directors,  or (b) by the stockholders by the affirmative vote of the
holders  of  at  least  a  majority  of  the  combined  voting power of the then
outstanding  voting shares of capital stock of the Company, voting together as a
single  class.

                                   ARTICLE 15
                 APPLICATION OF NRS 78.411 TO 78.444, INCLUSIVE

     These  Articles  of  Incorporation expressly provide that the Company shall
not  be  governed  by  NRS  78.411  to  78.444,  inclusive.

                                   ARTICLE 16
                                    EXISTENCE

     The  Company  is  to  have  perpetual  existence.

                                       6

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00128-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00128-of-00352.parquet"}]]