Document:

Exhibit 10.1
    

    
      AMENDED AND RESTATED
    

    
      BY-LAWS
    

    
      OF
    

    
      CALGON CARBON CORPORATION
    

    
      A Delaware Corporation
    

    
      (as amended and restated through December 13, 2011)
    

    
      

      

      INDEX
    

    
      -----
    

    
      BY-LAWS
    

    
      -------
    

    	
          ARTICLE
        	

        
	

        	

        	
           
        
	
          
            I.
          

        	
          
            STOCKHOLDERS
          

        	

        
	

        	

        	
           
        
	
          1.01
        	
          Annual Meetings
        	
          1
        
	
          1.02
        	
          Special Meetings
        	
          1
        
	
          1.03
        	
          Notice of Annual and Special Meetings
        	
          1
        
	
          1.04
        	
          Quorum
        	
          1
        
	
          1.05
        	
          Voting
        	
          2
        
	
          1.06
        	
          Procedure at Stockholder's Meetings
        	
          2
        
	
          1.07
        	
          Action Without Meeting
        	
          2
        
	
          1.08
        	
          Notice of Stockholder Business and Nominations
        	
          3
        
	

        	

        	
           
        
	
          
            II.
          

        	
          
            DIRECTORS
          

        	

        
	

        	

        	
           
        
	
          2.01
        	
          Number, Election and Term of Office
        	
          5
        
	
          2.02
        	
          Annual Meetings
        	
          5
        
	
          2.03
        	
          Regular Meetings
        	
          5
        
	
          2.04
        	
          Special Meetings
        	
          5
        
	
          2.05
        	
          Notice of Annual and Special Meetings
        	
          6
        
	
          2.06
        	
          Quorum and Manner of Acting
        	
          6
        
	
          2.07
        	
          Action Without Meeting
        	
          6
        
	
          2.08
        	
          Participation by Conference Telephone
        	
          6
        
	
          2.09
        	
          Resignations
        	
          
            7
          

        
	
          2.10
        	
          Removal of Directors
        	
          7
        
	
          2.11
        	
          Vacancies
        	
          7
        
	
          2.12
        	
          Compensation of Directors
        	
          7
        
	
          2.13
        	
          Committees
        	
          7
        

    

    

    

    
      
        

        

      

      
        
          1
        

        
          

        

      

      
        

        

      

    

    

    

    	
          
            III.
          

        	
          
            OFFICERS AND EMPLOYEES
          

        	

        
	

        	

        	
           
        
	
          3.01
        	
          Executive Officers
        	
          8
        
	
          3.02
        	
          Additional Officers; Other Agents and Employees
        	
          8
        
	
          3.03
        	
          The Chairman
        	
          8
        
	
          3.04
        	
          The President
        	
          8
        
	
          3.05
        	
          Chief Operating Officer
        	
          9
        
	
          3.06
        	
          Executive Vice President
        	
          9
        
	
          3.07
        	
          Senior Vice President
        	
          9
        
	
          3.08
        	
          Chief Financial Officer
        	
          9
        
	
          3.09
        	
          Chief Administrative Officer
        	
          9
        
	
          3.10
        	
          The Vice Presidents
        	
          9
        
	
          3.11
        	
          The Secretary and Assistant Secretaries
        	
          
            10
          

        
	
          3.12
        	
          The Treasurer and Assistant Treasurers
        	
          10
        
	
          3.13
        	
          Vacancies
        	
          10
        
	
          3.14
        	
          Delegation of Duties
        	
          10
        
	

        	

        	
           
        
	
          
            IV.
          

        	
          
            SHARES OF CAPITAL STOCK
          

        	

        
	

        	

        	
           
        
	
          4.01
        	
          Share Certificates
        	
          10
        
	
          4.02
        	
          Transfer of Shares
        	
          11
        
	
          4.03
        	
          Transfer Agents and Registrars
        	
          11
        
	
          4.04
        	
          Lost, Stolen, Destroyed or Mutilated Certificates
        	
          11
        
	
          4.05
        	
          Regulations Relating to Shares
        	
          12
        
	
          4.06
        	
          Holders of Record
        	
          12
        
	
          4.07
        	
          Fixing of Record Date
        	
          12
        
	

        	

        	
           
        
	
          
            V.
          

        	
          
            LOANS, NOTES, CHECKS, CONTRACTS AND OTHER INSTRUMENTS
          

        	

        
	

        	

        	
           
        
	
          5.01
        	
          Notes, Checks, etc
        	
          13
        
	
          5.02
        	
          Execution of Instruments Generally
        	
          13
        
	
          5.03
        	
          Proxies in Respect of Stock or Other Securities of Other Corporations
        	
          13
        
	

        	

        	
           
        
	
          
            VI.
          

        	
          
            GENERAL PROVISIONS
          

        	

        
	

        	

        	
           
        
	
          6.01
        	
          Offices
        	
          13
        
	
          6.02
        	
          Corporate Seal
        	
          13
        
	
          6.03
        	
          Fiscal Year
        	
          14
        
	

        	

        	
           
        
	
          
            VII.
          

        	
          
            VALIDATION OF CERTAIN CONTRACTS
          

        	

        
	

        	

        	
           
        
	
          7.01
        	

        	
          14
        
	

        	

        	
           
        
	
          
            VIII.
          

        	
          
            INDEMNIFICATION OF DIRECTORS AND OFFICERS
          

        	

        
	

        	

        	
           
        
	
          8.01
        	
          Indemnification
        	
          14
        
	
          8.02
        	
          Payment of Indemnification
        	
          15
        
	
          8.03
        	
          Exclusivity
        	
          15
        

    

    

    

    
      
        

        

      

      
        

        

        
          

        

      

      
        

        

      

    

    

    

    	
          
            IX.
          

        	
          
            AMENDMENTS
          

        	

        
	

        	

        	
           
        
	
          9.01
        	

        	
          15
        

    

    

    

    
      
        

        

      

      
        

        

        
          

        

      

      
        

        

      

    

    
      BY-LAWS
OF
CALGON CARBON CORPORATION
    

    
      

      ARTICLE I
    

    
      STOCKHOLDERS
    

    
      Section 1.01        Annual
      Meetings.  Annual meetings of the stockholders shall be held at such
      place, either within or without the State of Delaware, and at such time
      and date as the Board of Directors shall determine and as set forth in
      the notice of the meeting.
    

    
      Section 1.02        Special
      Meetings.  Special meetings of the stockholders may be called at any
      time, for the purpose or purposes set forth in the call, by the
      President or the Board of Directors by delivering a written request to
      the Secretary. At any time, upon the written request of any person or
      persons who have duly called a special meeting, it shall be the duty of
      the Secretary to fix the date of the meeting, to be held not more than
      75 days after receipt of the request, and to give due notice thereof.
      Special meetings shall be held at such place, either within or without
      the State of Delaware, and at such time and date as the Board of
      Directors shall determine and as set forth in the notice of the meeting.
    

    
      Section 1.03        Notice of
      Annual and Special Meetings. Except as otherwise expressly required
      by law, notice of each meeting of stockholders, whether annual or
      special, shall be given by or at the direction of the Board of Directors
      at least 10 or not more than 60 days prior to the date on which the
      meeting is to be held to each stockholder of record entitled to vote
      thereat by delivery of a notice thereof to him personally or by sending
      a copy thereof through the mail or by overnight courier, charges
      prepaid, to his address appearing on the records of the Corporation or
      by electronic transmission, as and to the extent permitted by applicable
      law. Each such notice shall specify the place, day and hour of the
      meeting and, in the case of a special meeting, shall briefly state the
      purpose or purposes for which the meeting is called. A written waiver of
      notice, signed by the person or persons entitled to such notice, whether
      before or after the date and time fixed for the meeting shall be deemed
      the equivalent of such notice. Neither the business to be transacted at
      nor the purpose of the meeting need be specified in a waiver of notice
      of such meeting.
    

    
      Section 1.04        Quorum.  A
      stockholders' meeting duly called shall not be organized for the
      transaction of business unless a quorum is present. At any meeting the
      presence in person or by proxy of stockholders entitled to cast at least
      a majority of the votes which all stockholders are entitled to cast on
      the particular matter shall constitute a quorum for the purpose of
      considering such matter, except as otherwise expressly provided by law,
      by the Certificate of Incorporation of the Corporation or by these
      By-Laws. The stockholders present at a duly organized meeting can
      continue to do business until adjournment, notwithstanding the
      withdrawal of enough stockholders to leave less than a quorum. If a
      meeting cannot be organized because a quorum has not attended, those
      present may adjourn the meeting from time to time to such time (not more
      than 30 days after the next previous adjourned meeting) and place as
      they may determine, without notice other than by announcement at the
      meeting of the time and place of the adjourned meeting; and in the case
      of any meeting called for the election of directors, those who attend
      the second of such adjourned meetings, although entitled to cast less
      than a majority of the votes entitled to be cast on any matter to be
      considered at the meeting, shall nevertheless constitute a quorum for
      the purpose of electing directors.
    

    
      
        

        

      

      
        
          1
        

        
          

        

      

      
        

        

      

    

    
      Section 1.05        Voting.  At
      every meeting of stockholders, each holder of record of issued and
      outstanding stock of the Corporation entitled to vote at such meeting
      shall be entitled to vote in person or by proxy and, except where a date
      has been fixed as the record date for the determination of stockholders
      entitled to notice of or to vote at such meeting, no holder of record of
      a share of stock which has been transferred on the books of the
      Corporation within 10 days next preceding the date of such meeting shall
      be entitled to notice of or to vote at such meeting in respect of such
      share so transferred. Resolutions of the stockholders shall be adopted,
      and any action of the stockholders at a meeting upon any matter shall be
      taken and be valid, only if at least a majority of the votes cast with
      respect to such resolutions or matter are cast in favor thereof, except
      as otherwise expressly provided by law, by the Certificate of
      Incorporation of the Corporation or by these By-Laws. The Chairman of
      the Board (if one has been elected and is present) shall be chairman,
      and the Secretary (if present) shall act as secretary, at all meetings
      of the stockholders. In the absence of the Chairman of the Board, the
      President shall be chairman and in the absence of both of them, the
      chairman shall be designated by the Board of Directors; and in the
      absence of the Secretary, an Assistant Secretary shall act as secretary
      of the meeting.
    

    
      Section 1.06        Procedure
      at Stockholders' Meetings.  The organization of each meeting of the
      stockholders, the order of business thereat and all matters relating to
      the manner of conducting the meetings shall be determined by the
      chairman in accordance with such regulations, if any, as may from time
      to time be prescribed by the Board of Directors. Such rules, regulations
      or procedures, whether adopted by the Board of Directors or prescribed
      by the chairman of the meeting, may include, without limitation, the
      following: (i) the establishment of an agenda or order of business for
      the meeting; (ii) the determination of when the polls shall open and
      close for any given matter to be voted on at the meeting; (iii) rules
      and procedures for maintaining order at the meeting and the safety of
      those present; (iv) limitations on attendance at or participation in the
      meeting to stockholders of record of the Corporation, their duly
      authorized and constituted proxies or such other persons as the chairman
      of the meeting shall determine; (v) restrictions on entry to the meeting
      after the time fixed for the commencement thereof; and (vi) limitations
      on the number of questions or comments that may be by any participant
      and the time allotted for any such question or comment, or all such
      questions or comments, in the aggregate. In addition to the foregoing,
      the chairman may, for any reason and in his sole discretion, adjourn or
      postpone any meeting of the stockholders at any time and from time to
      time.
    

    
      Section 1.07        Action
      Without Meeting.  Subject to Section 4.07(B), unless otherwise
      provided by the Certificate of Incorporation of the Corporation, any
      action required to be taken at any annual or special meeting of
      stockholders, or any action which may be taken at any annual or special
      meeting of stockholders, may be taken without a meeting, without prior
      notice and without a vote, if a consent in writing, setting forth the
      action so taken, shall be signed by the holders of outstanding stock
      having not less than the minimum number of votes that would be necessary
      to authorize or take such action at a meeting at which all shares
      entitled to vote thereon were present and voted, and such written
      consent is filed with the minutes of the proceedings of the
      Corporation's stockholders. Notice of any corporate action taken without
      a meeting by less than unanimous written consent shall be given to those
      stockholders who have not consented in writing.
    

    
      
        

        

      

      
        
          2
        

        
          

        

      

      
        

        

      

    

    
      Section 1.08        Notice of
      Stockholder Business and Nominations.     
    

    
      (A) Annual Meetings of Stockholders.
    

    
      (1)  Nominations of persons for election to the Board of Directors of
      the Corporation and the proposal of business to be considered by the
      stockholders at an annual meeting of stockholders must be (a) specified
      in the notice of meeting (or any supplement thereto) given by or at the
      direction of the Board of Directors (including by a Committee appointed
      by the Board of Directors), (b) otherwise properly brought before the
      meeting by or at the direction of the Board of Directors (including by a
      Committee appointed by the Board of Directors), or (c) otherwise
      properly brought before the meeting by a stockholder of the Corporation
      who was a stockholder of record at the time of giving of  notice
      provided for in this Section 1.08(A), who is entitled to vote at the
      meeting and who has complied with the notice procedures set forth in
      this Section 1.08(A).  Nominations of persons for election to the Board
      of Directors of the Corporation shall exclusively be made by the Board
      (or a Committee thereof appointed by the Board, including the Corporate
      Governance Committee), which will consider nominations properly made by
      stockholders in accordance with the procedures of Section 1.08(A) below.
    

    
      (2)  For nominations or other business to be properly brought before an
      annual meeting by a stockholder pursuant to paragraph (A)(1) of this
      Section 1.08, the stockholder must have given timely notice thereof in
      writing to the Secretary of the Corporation and such other business must
      be a proper matter for stockholder action. To be timely, a stockholder's
      notice shall be delivered to the Secretary at the principal executive
      offices of the Corporation not later than the close of business on the
      60th day nor earlier than the close of business on the 120th day prior
      to the first anniversary of the date of the preceding year's proxy
      statement for the annual meeting; provided, however, that in the event
      that the annual meeting is called for a date that is more than 25 days
      before or more than 60 days after the first anniversary of the preceding
      year's annual meeting, notice by the stockholder in order to be timely
      must be so received not later than the close of business on the 10th day
      following the day on which public announcement of the date of such
      annual meeting is first made. In no event shall the public announcement
      of an adjournment of an annual meeting commence a new time period for
      the giving of a stockholder's notice as described above. Such
      stockholder's notice shall set forth (a) as to each person whom the
      stockholder proposes to nominate for election or reelection as a
      director all information relating to such person that is required to be
      disclosed in solicitations of proxies for election of directors in an
      election contest, or is otherwise required, in each case pursuant to
      Regulation 14A under the Securities Exchange Act of 1934, as amended
      (the "Exchange Act") and the rules and regulations promulgated
      thereunder (including such person's written consent to being named in
      the proxy statement as a nominee and to serving as a director if
      elected), along with a description of all arrangements or understandings
      between the stockholder and each nominee and any other person or persons
      (naming such person or persons) pursuant to which the nomination or
      nominations are to be made by the stockholders (b) as to any other
      business that the stockholder proposes to bring before the meeting, a
      brief description of the business desired to be brought before the
      meeting, the reasons for conducting such business at the meeting and any
      material interest in such business of such stockholder and the
      beneficial owner, if any, on whose behalf the proposal is made along
      with a description of all arrangements or understandings between such
      stockholder and any other person or persons in connection with the
      proposal of such business by such stockholder; (c) a representation that
      the stockholder intends to appear in person or by proxy at the meeting
      to nominate the person or persons or raise the proposal specified in the
      notice; and (d) as to the stockholder giving the notice and the
      beneficial owner, if any, on whose behalf the nomination or proposal is
      made (i) the name and address of such stockholder, as they appear on the
      Corporation's books, and of such beneficial owner and (ii) the class and
      number of shares of the Corporation which are owned beneficially and of
      record by such stockholder and such beneficial owner.
    

    
      
        

        

      

      
        
          3
        

        
          

        

      

      
        

        

      

    

    
      (3)  Notwithstanding anything in the second sentence of paragraph (A)(2)
      of this By-Law to the contrary, but subject to Section 2.11 of these By-
      Laws, in the event that the number of directors to be elected to the
      Board of Directors of the Corporation is increased and there is no
      public announcement naming all of the nominees for director or
      specifying the size of the increased Board of Directors made by the
      Corporation at least 70 days prior to the first anniversary of the date
      of the preceding year's proxy statement for the annual meeting, a
      stockholder's notice required by this Section 1.08(A) shall also be
      considered timely, but only with respect to nominees for any new
      positions created by such increase, if it shall be delivered to the
      Secretary at the principal executive offices of the Corporation not
      later than the close of business on the 10th day following the day on
      which such public announcement is first made by the Corporation.
    

    
      (B)  Special Meetings of Stockholders.
    

    
      Only such business shall be conducted at a special meeting of
      stockholders as shall have been brought before the meeting pursuant to
      the Corporation's notice of meeting. Nominations of persons for election
      to the Board of Directors at a special meeting of stockholders at which
      directors are to be elected pursuant to the Corporation's notice of
      meeting must be (a) specified in the notice of meeting (or any
      supplement thereto) given by or at the direction of the Board of
      Directors (including by a Committee appointed by the Board of
      Directors), (b) otherwise properly brought before the meeting by or at
      the direction of the Board of Directors (including by a Committee
      appointed by the Board of Directors), or (c) otherwise properly brought
      before the meeting by a stockholder of the Corporation who was a
      stockholder of record at the time of giving of notice provided for in
      this Section 1.08(B), who is entitled to vote at the meeting and who
      complied with the notice procedures set forth in this Section 1.08(B).
      Nominations of persons for election to the Board of Directors of the
      Corporation shall exclusively be made by the Board (or a Committee
      thereof appointed by the Board, including the Corporate Governance
      Committee), which will consider nominations properly made by
      stockholders in accordance with the procedures of Section 1.08(B) below.
      In the event the Corporation calls a special meeting of stockholders for
      the purpose of electing one or more directors to the Board of Directors,
      any such stockholder may propose for nomination a person or persons (as
      the case may be), for election to such position(s) as specified in the
      Corporation's notice of meeting, if the stockholder's notice required by
      paragraph (A)(2) of this Section 1.08 shall be delivered to the
      Secretary at the principal executive offices of the Corporation not
      earlier than the close of business on the 120th day prior to such
      special meeting and not later than the close of business on the later of
      the 90th day prior to such special meeting or the 10th day following the
      day on which public announcement is first made of the date of the
      special meeting. In no event shall the public announcement of an
      adjournment of a special meeting commence a new time period for the
      giving of a stockholder's notice as described above.     
    

    
      (C)  General.        
    

    
      (1)  Only such persons who are nominated by the Board of Directors, a
      Committee of the Board or a stockholder of the Corporation in accordance
      with the procedures set forth in this Section 1.08 shall be eligible to
      serve as directors and only such business shall be conducted at a
      meeting of stockholders as shall have been brought before the meeting in
      accordance with the procedures set forth in this Section 1.08. Except as
      otherwise provided by law, the Chairman of the meeting shall have the
      power and duty to determine whether a nomination or any
      business   proposed to be brought before the meeting was made, or
      proposed, as the case may be, in accordance with the procedures set
      forth in this Section 1.08 and, if any proposed nomination or business
      is not in compliance with this Section 1.08, to declare that such
      defective proposal or nomination shall be disregarded.
    

    
      
        

        

      

      
        
          4
        

        
          

        

      

      
        

        

      

    

    
      (2)  For purposes of this Section 1.08, "public announcement" shall mean
      disclosure in a press release reported by the Dow Jones News Service,
      Associated Press or comparable national news service or in a document
      publicly filed by the Corporation with the Securities and Exchange
      Commission pursuant to Section 13, 14 or 15(d) of the Exchange Act.
    

    
      (3)  Notwithstanding the foregoing provisions of this Section 1.08, a
      stockholder shall also comply with all applicable requirements of the
      Exchange Act and the rules and regulations thereunder with respect to
      the matters set forth in this Section 1.08. Nothing in this Section 1.08
      shall be deemed to affect any rights of (i) stockholders to request
      inclusion of proposals in the Corporation's proxy statement pursuant to
      Rule 14a-8 under the Exchange Act or (ii) the holders of any series of
      Preferred Stock to elect directors under specified circumstances.
    

    
      ARTICLE II
    

    
      DIRECTORS
    

    
      Section 2.01        Number,
      Election and Term of Office.  The number of directors which shall
      constitute the full Board of Directors shall be determined by resolution
      of the board of directors or of the stockholders. The directors shall be
      classified with respect to their terms of office into three classes,
      each of which shall consist as nearly as possible of one-third of the
      total number of directors. The term of office of one class of directors
      shall expire at each annual meeting of the stockholders, so that at each
      such meeting the successors to the directors of the class whose term
      expires at such meeting shall be elected to hold office for a term of
      three years. If the number of directors is increased, the board of
      directors shall assign the additional directorships so created among the
      classes of directors. Each director shall hold office for the term for
      which he is elected and thereafter until his successor is duly elected
      or until his prior death, resignation or removal. Directors need not be
      stockholders. Directors shall be nominated as set forth in Section 1.08.
    

    
      Section 2.02        Annual Meeting.  Annual
      Meetings of the Board of Directors shall be held each year at the same
      place as and immediately after the annual meeting of stockholders, or at
      such other place and time as shall theretofore have been determined by
      the Board. At its regular annual meeting, the Board of Directors shall
      organize itself and elect the officers of the Corporation for the
      ensuing year, and may transact any other business.
    

    
      Section 2.03        Regular
      Meetings.  Regular meetings of the Board of Directors may be held at
      such intervals and at such time and place as shall from time to time be
      determined by the Board. After there has been such determination and
      notice thereof has been once given to each person then a member of the
      Board of Directors, regular meetings may be held at such intervals and
      time and place without further notice being given.
    

    
      Section 2.04        Special
      Meetings.  Special meetings of the Board of Directors may be called
      at any time by the Board, by the Chairman of the Board or by the
      President to be held on such day and at such time and place as shall be
      specified by the person or persons calling the meeting.
    

    
      
        

        

      

      
        
          5
        

        
          

        

      

      
        

        

      

    

    
      Section 2.05        Notice of
      Annual and Special Meetings.  Except as otherwise expressly required
      by law, notice of the annual meeting of the Board of Directors need not
      be given. Except as otherwise expressly required by law, notice of every
      special meeting of the Board of Directors specifying the place, date and
      time thereof shall be given to each director (i) by being mailed on at
      least the third day prior to the date of the meeting, (ii) by being
      given personally or by telephone at least 24 hours prior to the time of
      the meeting or (iii) by electronic transmission in accordance with
      applicable law at least 24 hours prior to the time of the meeting, and
      shall be deemed given at the time specified by applicable law. A written
      waiver of notice of a special meeting, signed by the person or persons
      entitled to such notice, whether before or after the date and time
      stated therein fixed for the meeting, shall be deemed the equivalent of
      such notice, and attendance of a director at a meeting shall constitute
      a waiver of notice of such meeting except when the director attends the
      meeting for the express purpose of objecting, when he enters the
      meeting, to the transaction of any business because the meeting is not
      lawfully called or convened.
    

    
      Section 2.06        Quorum
      and Manner of Acting.  At all meetings of the Board of Directors,
      except as otherwise expressly provided by law or by the Certificate of
      Incorporation of the Corporation or these By-Laws, the presence of a
      majority of the full Board shall be necessary and sufficient to
      constitute a quorum for the transaction of business. If a quorum is not
      present at any meeting, the meeting may be adjourned from time to time
      by a majority of the directors present until a quorum as aforesaid shall
      be present, but notice of the time and place to which such a meeting is
      adjourned shall be given to any directors not present (i) by being
      mailed on at least the third day prior to the date of the reconvened
      meeting, (ii) by being given personally or by telephone at least 24
      hours prior to the time of the reconvened meeting, or (iii) by
      electronic transmission in accordance with applicable law at least 24
      hours prior to the time of the reconvened meeting, and shall be deemed
      given at the time specified by applicable law. Resolutions of the Board
      of Directors shall be adopted, and any action of the Board at a meeting
      upon any matter shall be taken and be valid, only with the affirmative
      vote of at least a majority of the directors present at the meeting,
      except as otherwise provided herein. The Chairman of the Board (if one
      has been elected and is present) shall be chairman, and the Secretary
      (if present) shall act as secretary, at all meetings of the Board. In
      the absence of the Chairman of the Board, the President shall be
      chairman, and in the absence of both of them the directors present shall
      select a member of the Board of Directors to be chairman; and in the
      absence of the Secretary, the chairman of the meeting shall designate
      any person to act as secretary of the meeting.
    

    
      Section 2.07        Action
      Without Meeting.  Any action required or permitted to be taken at
      any meeting of the Board of Directors or of any committee thereof may be
      taken without a meeting if a consent in writing, setting forth the
      actions so taken, shall be signed by all members of the Board or such
      committees, as the case may be, and such written consent is filed with
      the minutes of proceedings of the Board or committee.
    

    
      Section 2.08        Participation
      by Conference Telephone.  Members of the Board of Directors of the
      Corporation, or any committee designated by the Board, may participate
      in a meeting of the Board or committee by means of conference telephone
      or similar communications equipment by means of which all persons
      participating in the meeting can speak to and hear each other, and
      participation in a meeting by such means shall constitute presence in
      person at such meeting.
    

    
      
        

        

      

      
        
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      Section 2.09        Resignations.  A
      director may resign by submitting his written resignation to the
      Chairman of the Board (if one has been elected) or the Secretary. Unless
      otherwise specified therein, the resignation of a director need not be
      accepted to make it effective and shall be effective immediately upon
      its receipt by such officer or as otherwise specified therein. If the
      resignation of a director specifies that it shall be effective at some
      time later than receipt, the resigning director shall be competent to
      act on all matters before the Board of Directors, including filling the
      vacancy caused by such resignation until the effective time specified in
      the resigning director's notice of resignation.
    

    
      Section 2.10        Removal
      of Directors.  The entire Board of Directors or any individual
      director may be removed at any time (a) for cause by the vote of
      stockholders entitled to cast at least a majority of the votes which all
      stockholders would then be entitled to cast at a regular annual election
      of directors, and (b) without cause by the vote of stockholders then
      entitled to cast at least 75% of such votes, in either case given at a
      special meeting of the stockholders called for the purpose, whether or
      not the Corporation's stockholders are then entitled to vote
      cumulatively in the election of directors. The vacancy or vacancies
      caused in the Board of Directors by such removal may but need not be
      filled by the stockholders at such meeting.
    

    
      Section 2.11        Vacancies.  Any
      vacancy that shall occur in the Board of Directors by reason of death,
      resignation, disqualification, removal, increase in the number of
      directors or any other cause whatsoever shall, unless filled as provided
      in Section 2.10 of this Article II, be filled by a majority of the
      remaining numbers of the Board of Directors, whether or not a quorum,
      and each person so elected shall be a director until his successor is
      elected by the stockholders at a meeting called for the purpose of
      electing directors, or until his prior death, resignation or removal.
      The term of office of any person elected a director pursuant to this
      Section 2.11 shall expire at the next succeeding annual meeting of the
      stockholders regardless of the class to which such directorship is
      assigned pursuant to Section 2.01 and at such annual meeting the
      stockholders shall elect a director to fill such directorship until the
      expiration of the remaining term of office of directors of that class.
    

    
      Section 2.12        Compensation
      of Directors.  The Corporation may allow compensation to its
      directors for their services, as determined from time to time by
      resolution adopted by the Board of Directors.
    

    
      Section 2.13        Committees.  The
      Board of Directors may, to the fullest extent permitted by Section
      141(c)(2) of the General Corporation Law of the State of Delaware,
      designate one or more committees consisting of directors to have and
      exercise such authority, powers and duties of the Board in the
      management of the business and affairs of the Corporation as the
      resolution of the Board creating such committee may specify and as is
      otherwise permitted by law. Subject to the rules and regulations of the
      New York Stock Exchange, or any other national securities exchange on
      which the Corporation's securities may be listed or any automated
      inter-dealer quotation system on which the Corporation's securities may
      be quoted, the Board of Directors may designate one or more directors as
      alternate members of any committee, who may replace any absent or
      disqualified member at any meeting of the committee. Subject to the
      rules and regulations of the New York Stock Exchange, or any other
      national securities exchange on which the Corporation's securities may
      be listed or any automated inter-dealer quotation system on which the
      Corporation's securities may be quoted, in the absence or
      disqualification of any member of such committee or committees, the
      member or members thereof present at any meeting and not disqualified
      from voting, whether or not he or they constitute a quorum, may
      unanimously appoint another director to act at the meeting in the place
      of such absent or disqualified member.
    

    
      
        

        

      

      
        
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      ARTICLE III
    

    
      OFFICERS AND EMPLOYEES
    

    
      Section 3.01        Executive
      Officers.  The Executive Officers of the Corporation shall be the
      President, a Secretary, and a Chief Financial Officer, and may include a
      Chairman of the Board, a Chief Operating Officer, a Chief Administrative
      Officer and one or more Vice Presidents as the Board of Directors may
      from time to time determine, all of whom shall be elected by the Board
      of Directors. All officers elected by the Board of Directors shall each
      have such powers and duties as generally pertain to their respective
      offices, subject to the specific provisions of this Article III. Such
      officers shall also have such powers and duties as from time to time may
      be conferred by the Board of Directors or by any committee thereof. The
      Board of Directors or any committee thereof may from time to time elect,
      or the Chairman of the Board or President may appoint, such other
      officers (including one or more Chief Operating Officers, one or more
      Chief Administrative Officers, one or more Executive Vice Presidents or
      Senior Vice Presidents and one or more Vice Presidents, Assistant Vice
      Presidents and Assistant Secretaries) and such agents, as may be
      necessary or desirable for the conduct of the business of the
      Corporation. Such other officers and agents shall have such duties and
      shall hold their offices for such terms as shall be provided in these
      By-Laws or as may be prescribed by the Board of Directors or such
      committee or by the Chairman of the Board or the President, as the case
      may be. Any two or more offices may be held by the same person. Each
      Executive Officer shall hold office until the next succeeding annual
      meeting of the Board of Directors and thereafter until his successor is
      duly elected and qualifies, or until his earlier death, resignation or
      removal.
    

    
      Section 3.02        Additional
      Officers; Other Agents and Employees.  The Board of Directors may
      from time to time appoint or hire such additional officers (including a
      Treasurer and Assistant Treasurer), assistant officers, agents,
      employees and independent contractors as the Board deems advisable; and
      the Board or the President shall prescribe their duties, conditions of
      employment and compensation. Subject to the power of the Board of
      Directors, the President may employ from time to time such other agents,
      employees, and independent contractors as he may deem advisable for the
      prompt and orderly transaction of the business of the Corporation, and
      he may prescribe their duties and the conditions of their employment,
      fix their compensation and dismiss them, without prejudice to their
      contract rights, if any.
    

    
      Section 3.03        The
      Chairman.  If there shall be a Chairman of the Board, he shall be
      elected from among the directors, shall preside at all meetings of the
      stockholders and of the Board, and shall have such other powers and
      duties as from time to time may be prescribed by the Board. The Chairman
      of the Board shall be responsible for the general management of the
      affairs of the Corporation and shall perform all duties incidental to
      his or her office which may be required by law and all such other duties
      as are properly required of him or her by the Board of Directors. The
      Chairman of the Board may also serve as President of the Corporation, if
      so elected by the Board of Directors.
    

    
      Section 3.04        The President.  The
      President shall be the chief executive officer of the Corporation.
      Subject to the control of the Board of Directors, the President shall
      have general policy supervision of and general management and executive
      powers over all the property, business, operations and affairs of the
      Corporation, and shall see that the policies and programs adopted or
      approved by the Board are carried out. The President shall exercise such
      further powers and duties as from time to time may be prescribed in
      these By-Laws or by the Board of Directors.
    

    
      
        

        

      

      
        
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      Section 3.05        Chief
      Operating Officer. Each Chief Operating Officer shall have such
      powers and perform such duties as may be assigned to such Chief
      Operating Officer by the Board of Directors or the President.
    

    
      Section 3.06        Executive
      Vice President. Each Executive Vice President shall have such powers
      and perform such duties as may be assigned to such Executive Vice
      President by the Board of Directors or the President.
    

    
      Section 3.07        Senior
      Vice President. Each Senior Vice President shall have such powers
      and perform such duties as may be assigned to such Senior Vice President
      by the Board of Directors or the President.
    

    
      Section 3.08        Chief
      Financial Officer. The Chief Financial Officer shall:
    

    
      (A)         be responsible for the accounts and other financial records
      of the Corporation consistent with directions of the Board of Directors
      or any committee of the Board of Directors assigned duties related
      thereto; be the custodian of the official corporate financial records;
    

    
      (B)         prescribe the Corporation’s accounting practices and
      procedures in accordance with Generally Accepted Accounting Principles
      (GAAP) and the directions of the Board of Directors or any committee of
      the Board of Directors assigned duties related thereto;
    

    
      (C)         prepare, analyze and interpret the Corporation’s financial
      results for use in the decision-making process; prepare and file
      external financial reports to satisfy shareholders, government
      regulatory bodies, financial institutions, and others;
    

    
      (D)         verify or cause to be verified the accuracy of all financial
      statements and accounting reports issued by the Corporation;
    

    
      (E)         oversee the investment of corporate funds; have primary
      contact with banks, investment bankers and investor groups to raise
      capital as directed by the Board of Directors or the President; and
    

    
      (F)         perform such other duties as may be assigned to him or her
      by the Board of Directors or the President.
    

    
      Section 3.09        Chief
      Administrative Officer.  Each Chief Administrative Officer shall
      have such powers and perform such duties as may be assigned to such
      Chief Administrative Officer by the Board of Directors or the President.
    

    
      Section 3.10        The Vice
      Presidents.  The Vice Presidents may be given by resolution of the
      Board of Directors general executive powers, subject to the control of
      the President, concerning one or more or all segments of the operations
      of the Corporation. The Vice Presidents shall exercise such further
      powers and duties as from time to time may be prescribed in these
      By-Laws or by the Board of Directors or by the President. At the request
      of the President or in his absence or disability, the Senior Vice
      President shall exercise all the powers and duties of the President.
    

    
      
        

        

      

      
        
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      Section 3.11        The
      Secretary and Assistant Secretaries.  It shall be the duty of the
      Secretary (a) to keep or cause to be kept an original or duplicate
      record of the proceedings of the stockholders and the Board of
      Directors, and a copy of the Certificate of Incorporation of the
      Corporation and of these By-Laws; (b) to attend to the giving of notices
      of the Corporation as may be required by law or these By-Laws; (c) to be
      custodian of the corporate records and of the seal of the Corporation
      and see that the seal is affixed to such documents as may be necessary
      or advisable; (d) to have charge of the stock books of the Corporation,
      and a share register, giving the names of the stockholders in
      alphabetical order, and showing their respective addresses, the number
      and classes of shares held by each, the number and date of certificates
      issued for the shares, and the date of cancellation of every certificate
      surrendered for cancellation; and (e) to exercise all powers and duties
      incident to the office of Secretary, and such other powers and duties as
      may be prescribed by the Board of Directors or by the President from
      time to time. The Secretary by virtue of his office shall be an
      Assistant Treasurer. The Assistant Secretaries shall assist the
      Secretary in the performance of his duties and shall also exercise such
      further powers and duties as from time to time may be assigned to them
      by the Board of Directors, the President or the Secretary. As the
      direction of the Secretary or in his absence or disability, an Assistant
      Secretary shall perform the duties of the Secretary.
    

    
      Section 3.12        The
      Treasurer and Assistant Treasurers.  The Treasurer shall have
      custody of all the funds and securities of the Corporation. He shall
      collect all moneys due the Corporation and deposit such moneys to the
      credit of the Corporation in such banks, trust companies, or other
      depositories as may have been duly designated by the Board of Directors.
      He shall endorse for collection on behalf of the Corporation, checks,
      notes, drafts and other documents, and may sign and deliver receipts,
      vouchers and releases of liens evidencing payments made to the
      Corporation. Subject to Section 5.01 of these By-Laws, he shall cause to
      be disbursed the funds of the Corporation by payment in cash or by
      checks or drafts upon the authorized depositories of the Corporation. He
      shall have charge of the books and accounts of the Corporation. He shall
      perform all acts incident to the office of Treasurer and such other
      duties as may be assigned to him by the Board of Directors. The
      Treasurer by virtue of his office shall be an Assistant Secretary. The
      Assistant Treasurers shall assist the Treasurer in the performance of
      his duties and shall also exercise such further powers and duties as
      from time to time may be assigned to them by the Board of Directors, the
      President or the Treasurer. At the direction of the Treasurer or in his
      absence or disability, an Assistant Treasurer shall perform the duties
      of the Treasurer.
    

    
      Section 3.13        Vacancies.  Vacancy
      in any office or position by reason of death, resignation, removal,
      disqualification, disability or other cause, shall be filled in the
      manner provided in this Article III for regular election or appointment
      to such office.
    

    
      Section 3.14        Delegation
      of Duties.  The Board of Directors may in its discretion delegate
      for the time being the powers and duties, or any of them, of any officer
      to any other person whom it may select.
    

    
      ARTICLE IV
    

    
      SHARES OF CAPITAL STOCK
    

    
      Section 4.01        Share
      Certificates.  The shares of the Corporation’s stock may be
      certificated or uncertificated, as provided under Delaware law, and
      shall be entered in the books of the Corporation and registered as they
      are issued.  Any certificates representing shares of stock shall be in
      such form as the Board of Directors shall prescribe.  Every share
      certificate shall be signed by the Chairman of the Board, the President
      or any Vice President and by the Treasurer or any Assistant Treasurer or
      the Secretary or any Assistant Secretary. The signatures of such
      officers may be by facsimile.  Each such certificate shall set forth the
      name of the registered holder thereof, the number and class of shares
      and the designation of the series, if any, which the certificate
      represents.  The Board of Directors may, if it so determines, direct
      that certificates for shares of stock of the Corporation be signed by a
      transfer agent or registered by a registrar or both, in which case such
      certificates shall not be valid until so signed or registered.
    

    
      
        

        

      

      
        
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      In case any officer of the Corporation who shall have signed, or whose
      facsimile signature shall have been used on, any certificate for shares
      of stock of the Corporation shall cease to be such officer, whether
      because of death, resignation, removal or otherwise, before such
      certificate shall have been delivered by the Corporation, such
      certificate shall nevertheless be deemed to have been adopted by the
      Corporation and may be issued and delivered as though the person who
      signed such certificate or whose facsimile signature shall have been
      used thereon had not ceased to be such officer.
    

    
      Within a reasonable time after the issuance or transfer of
      uncertificated stock, the Corporation shall send to the registered owner
      thereof a written notice that shall set forth the name of the
      Corporation, that the Corporation is organized under the laws of the
      State of Delaware, the name of the stockholder, the number and class
      (and the designation of the series, if any) of the shares represented,
      and any restrictions on the transfer or registration of such shares of
      stock imposed by the Corporation’s Certificate of Incorporation, these
      Bylaws, any agreement among stockholders or any agreement between
      stockholders and the Corporation.
    

    
      Section 4.02        Transfer
      of Shares.  Upon surrender to the Corporation or the transfer agent
      of the Corporation of a certificate for shares duly endorsed or
      accompanied by proper evidence of succession, assignation or authority
      to transfer, it shall be the duty of the Corporation to issue a new
      certificate or evidence of the issuance of uncertificated shares to the
      stockholder entitled thereto, cancel the old certificate and record the
      transaction upon the Corporation’s books.  Upon the surrender of any
      certificate for transfer of stock, such certificate shall be
      conspicuously marked on its face “Cancelled” and filed with the
      permanent stock records of the Corporation.
    

    
      Upon the receipt of proper transfer instructions from the registered
      owner of uncertificated shares, such uncertificated shares shall be
      cancelled, issuance of new equivalent uncertificated shares or
      certificated shares shall be made to the stockholder entitled thereto
      and the transaction shall be recorded upon the books of the
      Corporation.  If the Corporation has a transfer agent or registrar
      acting on its behalf, the signature of any officer or representative
      thereof may be in facsimile.
    

    
      Section 4.03        Transfer
      Agents and Registrars.  The Board of Directors may appoint any one
      or more qualified banks, trust companies or other corporations organized
      under any law of any state of the United States or under the laws of the
      United States as agent or agents for the Corporation in the transfer of
      the stock of the Corporations and likewise may appoint any one or more
      such qualified banks, trust companies or other corporations as registrar
      or registrars of the stock of the Corporation and may make or authorize
      such agent to make all such rules and regulations deemed expedient
      concerning the issue, transfer and registration of shares of stock.
    

    
      Section 4.04        Lost,
      Stolen, Destroyed or Mutilated Certificates.  In case of loss,
      destruction or mutilation of a share certificate, the Corporation may
      issue (i) a new certificate or certificates of stock or (ii)
      uncertificated shares in place of any certificate or certificates
      previously issued by the Corporation alleged to have been lost, stolen
      or destroyed, upon such terms and conditions as the Board of Directors
      may from time to time determine.
    

    
      
        

        

      

      
        
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      Section 4.05        Regulations
      Relating to Shares.  The Board of Directors shall have power and
      authority to make such rules and regulations not inconsistent with these
      By-Laws or with law as it may deem expedient concerning the issue,
      transfer and registration of certificates representing shares of stock
      of the Corporation.
    

    
      Section 4.06        Holders
      of Record.  The Corporation shall be entitled to treat the holder of
      record of any share or shares of stock as the holder and owner in fact
      thereof and shall not be bound to recognize any equitable or other claim
      to or interest in such shares on the part of any other person, whether
      or not it shall have express or other notice thereof, except as
      otherwise expressly provided by the laws of the State of Delaware.
    

    
      Section 4.07     Fixing of Record Date.
    

    
      (A)  The Board of Directors may fix a time, not less than 10 or more
      than 60 days prior to the date of any meeting of stockholders, or the
      date fixed for the payment of any dividend or distribution, or the date
      for the allotment of rights, or the date when any change or conversion
      or exchange of shares will be made or go into effect, as a record date
      for the determination of the stockholders entitled to notice of, or to
      vote at, any such meeting, or entitled to receive payment of any such
      dividend or distribution, or to receive any such allotment of rights, or
      to exercise the rights in respect to any such change, conversion or
      exchange of shares. In such case, only such stockholders as shall be
      stockholders of record on the date so fixed shall be entitled to notice
      of, or to vote at, such meeting or to receive payment of such dividend,
      or to receive such allotment of rights, or to exercise such rights, as
      the case may be, notwithstanding any transfer of any shares on the books
      of the Corporation after any record date fixed as aforesaid. If no
      record date is fixed by the Board of Directors, the record date for the
      determination of the stockholders entitled to notice of, and to vote at,
      any such meetings, and any adjournment thereof, or entitled to receive
      payment of any such dividend, or to any such allotment of rights, or to
      exercise the rights in respect of any change, conversion or exchange of
      capital stock, shall, with respect to any meeting of stockholders, be at
      the close of business on the day preceding the day on which notice is
      given, or if notice is waived, at the close of business on the day
      preceding the day on which the meeting is held or shall , with respect
      to any dividend, allotment of rights or exercise of rights in respect of
      any change, conversion or exchange of capital stock, be the date of
      adoption by the Board of a resolution approving such matters.
    

    
      (B)  In order that the Corporation may determine the stockholders
      entitled to consent to corporate action in writing without a meeting,
      the Board of Directors may fix a record date, which record date shall
      not precede the date upon which the resolution fixing the record date is
      adopted by the Board of Directors, and which date shall not be more than
      ten (10) days after the date upon which the resolution fixing the record
      date is adopted by the Board of Directors. Any stockholder of record
      seeking to have the stockholders authorize or take corporate action by
      written consent shall, by written notice to the Secretary of the
      Corporation, request the Board of Directors to fix a record date. The
      Board of Directors shall promptly, but in all events within ten (10)
      days after the date on which such a request is received, adopt a
      resolution fixing the record date. If no record date has been fixed by
      the Board of Directors within ten (10) days of the date on which such a
      request is received, the record date for determining stockholders
      entitled to consent to corporate action in writing without a meeting,
      when no prior action by the Board of Directors is required by applicable
      law, shall be the first date on which a signed written consent setting
      forth the action taken or proposed to be taken is delivered to the
      Corporation by delivery to its registered office in the State of
      Delaware, its principal place of business, or an officer or agent of the
      Corporation having custody of the book in which proceedings of meetings
      of the stockholders are recorded, to the attention of the Secretary of
      the Corporation. Delivery made to the Corporation's registered office
      shall be by hand or by certified or registered mail, return receipt
      requested. If no record date has been fixed by the Board of Directors
      and prior action by the Board of Directors is required by applicable
      law, the record date for determining stockholders entitled to consent to
      corporate action in writing without a meeting shall be at the close of
      business on the date on which the Board of Directors adopts the
      resolution taking such prior action.
    

    
      
        

        

      

      
        
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      ARTICLE V
    

    
      LOANS, NOTES, CHECKS, CONTRACTS AND OTHER INSTRUMENTS
    

    
      Section 5.01        Notes,
      Checks, etc.  All notes, drafts, acceptance, checks, endorsements
      (other than for deposit) and all evidences of indebtedness of the
      Corporation whatsoever shall be signed by the President, or shall be
      signed by such officers or agents and shall be subject to such
      requirements as to countersignature or other conditions as the Board of
      Directors from time to time may designate. Facsimile signatures on
      checks may be used unless prohibited by the Board of Directors.
    

    
      Section 5.02        Execution
      of Instruments Generally.  Except as provided in Section 5.01 of
      this Article V, all contracts and other instruments requiring execution
      by the Corporation may be executed and delivered by the President, any
      Vice President or the Treasurer, and authority to sign any such
      contracts or instruments, which may be general or confined to specific
      instances, may be conferred by the Board of Directors upon any other
      person or persons. Any person having authority to sign on behalf of the
      Corporation may delegate, from time to time, by instrument in writing,
      all or any part of such authority to any person or persons if authorized
      so to do by the Board of Directors.
    

    
      Section 5.03        Proxies
      in Respect of Stock or Other Securities of Other Corporations.
      Unless otherwise provided by the Board of Directors, the President may
      from time to time appoint an attorney or attorneys or an agent or agents
      of the Corporation to exercise in the name and on behalf of the
      Corporation the powers and rights which the Corporation may have as the
      holder of stock or other securities in any other corporation to vote or
      consent in respect of such stock or other securities, may instruct the
      person or persons so appointed as to the manner of exercising such
      powers and rights and may execute or cause to be executed in the name
      and on behalf of the Corporation and under its corporate seal or
      otherwise all such written proxies or other instruments as he may deem
      necessary or proper in order that the Corporation may exercise its said
      powers and rights.
    

    
      ARTICLE VI
    

    
      GENERAL PROVISION
    

    
      Section 6.01        Offices.  The
      registered office of the Corporation in the State of Delaware shall be
      at 2711 Centerville Road, in the City of Wilmington, County of New
      Castle, Delaware 19808. The name of its registered agent at such address
      is Corporation Service Company. The Corporation may have other offices,
      within or without the State of Delaware, at such place or places as the
      Board of Directors may from time to time determine or the business of
      the Corporation may require.
    

    
      Section 6.02        Corporate Seal.  The
      Board of Directors shall prescribe the form of a suitable corporate
      seal, which shall contain the full name of the Corporation and the year
      and state of incorporation. Such seal may be used by causing it or a
      facsimile or reproduction thereof to be affixed to or placed upon the
      document to be sealed.
    

    
      
        

        

      

      
        
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      Section 6.03        Fiscal
      Year.  Unless otherwise determined by the Board of Directors, the
      fiscal year of the Corporation shall be the calendar year.
    

    
      ARTICLE VII
    

    
      VALIDATION OF CERTAIN CONTRACTS
    

    
      Section 7.01        No contract or other transaction between the
      Corporation and another person shall be invalidated or otherwise
      adversely affected by the fact that any one or more stockholders,
      directors or officers of the Corporation:
    

    
      (A) is pecuniarily or otherwise interested in, or is a stockholder,
      director, officer, or member of, such other person, or
    

    
      (B) is a party to, or is in any other way pecuniarily or otherwise
      interested in, the contract or other transaction, or
    

    
      (C) is in any way connected with any person pecuniarily or otherwise
      interested in such contract or other transaction, provided the fact of
      such interest shall be disclosed or known to the Board of Directors or
      the stockholders, as the case may be, and in any action of the
      stockholders or of the Board authorizing or approving any such contract
      or other transaction, any and every stockholder or director may be
      counted in determining the existence of a quorum with like force and
      effect as though he were not so interested, or were not such a
      stockholder, director, member or officer, or were not such a party, or
      were not so connected. Such director, stockholder or officer shall not
      be liable to account to the Corporation for any profit realized by him
      from or through any such contract or transaction approved or authorized
      as aforesaid. As used herein, the term "person" includes a corporation,
      partnership, firm, association or other legal entity.
    

    
      ARTICLE VIII
    

    
      INDEMNIFICATION OF DIRECTORS AND OFFICERS
    

    
      Section 8.01        Indemnification.  Directors
      and officers of the Corporation shall be indemnified as of right to the
      fullest extent now or hereafter permitted by law in connection with any
      actual or threatened civil, criminal, administrative or investigative
      action, suit or proceeding (whether brought by or in the name of the
      Corporation or otherwise) arising out of their service to the
      Corporation or to another organization at the request of the
      Corporation. Persons who are not directors or officers of the
      Corporation, including each person who at the request of the Corporation
      has served as a director, officer, employee, or agent of another
      corporation, partnership, joint venture, trust or other enterprise
      (individually, including directors or officers of the Corporation, an
      "Indemnified Person" and collectively, the "Indemnified Persons") may be
      similarly indemnified in respect of such service to the extent
      authorized at any time by the Board of Directors of the Corporation. The
      Corporation may purchase and maintain insurance to protect itself and
      any Indemnified Person against any liability asserted against him and
      incurred by him in respect of such service whether or not the
      Corporation would have the power to indemnify him against such liability
      by law or under the provisions of this Article. The provisions of this
      Article shall be applicable to actions, suits or proceedings commenced
      after the adoption hereof, whether arising from acts or omissions
      occurring before or after the adoption hereof, and to Indemnified
      Persons who have ceased to render such service, and shall inure to the
      benefit of the heirs, executors and administrators of the directors,
      officers and other persons referred to in this Article VIII.
    

    
      
        

        

      

      
        
          14
        

        
          

        

      

      
        

        

      

    

    
      Section 8.02        Payment
      of Indemnification.  Expenses (including attorneys' fees) incurred
      by an Indemnified Person in defending any civil, criminal,
      administrative or investigative action, suit or proceeding shall be paid
      by the Corporation in advance of the final disposition of such action,
      suit or proceeding upon receipt of an undertaking by or on behalf of
      such Indemnified Person to repay such amount if it shall ultimately be
      determined that such person is not entitled to be indemnified by the
      corporation as authorized in this Article VIII. Such expenses (including
      attorneys' fees) incurred by Indemnified Persons may be so paid upon
      such terms and conditions, if any, as the Corporation deems appropriate.
    

    
      Section 8.03        Exclusivity.  The
      indemnification and advancement of expenses provided by, or granted
      pursuant to, this Article VIII shall not be deemed exclusive of any
      other rights to which those seeking indemnification or advancement of
      expenses may be entitled under the Certificate of Incorporation of the
      Corporation, these By-Laws or any agreement, vote of stockholders or
      disinterested directors or otherwise, both as to action in such person's
      official capacity and as to action in another capacity while holding
      such office, it being the policy of the Corporation that indemnification
      of the persons specified in this Article VIII shall be made to the
      fullest extent permitted by law. The provisions of this Article VIII
      shall not be deemed to preclude the indemnification of any person who is
      not specified in Article VIII but whom the Corporation has the power or
      obligation to indemnify under applicable law, or otherwise.
    

    
      ARTICLE IX
    

    
      AMENDMENTS
    

    
      Section 9.01   These By-Laws may be amended, altered and repealed, and
      new By-Laws may be adopted, by the stockholders or the Board of
      Directors of the Corporation at any regular or special meeting, except
      that Sections 2.01, 2.10, 2.11 and this Section 9.01 may only be amended
      by the vote of stockholders entitled to cast at least 75% of the vote
      which all stockholders are then entitled to cast with respect to such
      amendment. No provision of these By-Laws shall vest any property or
      contract right in any stockholder.
    

    
      

      15Exhibit 10.1

                            SHARE EXCHANGE AGREEMENT

                                   dated as of

                                 October 1, 2010

                                     between

                             ALTUS EXPLORATIONS INC.

                                       and

                        UWD UNITAS WORLD DEVELOPMENT INC.

                        relating to the purchase and sale

                                       of

                          100% of the Outstanding Stock

                                       of

                   THE CANADIAN TACTICAL TRAINING ACADEMY INC.
<PAGE>
                            SHARE EXCHANGE AGREEMENT

     THIS SHARE EXCHANGE  AGREEMENT (the  "AGREEMENT") is dated as of October 1,
2010, by and between ALTUS EXPLORATION INC. A Nevada  incorporated  company (the
"BUYER")  and UWS  UNITAS  WORLD  DEVELOPMENT  INC.,  a  Federally  incorporated
Canadian company (Collectively known as the "SELLER").

                                   WITNESSETH:

     WHEREAS  the  Seller,  is the  beneficial  owner of all of the Shares  (the
"SHARES")  of  THE  CANADIAN   TACTICAL   TRAINING  ACADEMY  INC.,  a  Federally
incorporated  Canadian company (the "COMPANY") and desires to sell the Shares to
Buyer, and Buyer desires to purchase the Shares from Seller,  upon the terms and
subject to the conditions hereinafter set forth.

     WHEREAS  the  Buyer  wishes  to change  its name to The  Canadian  Tactical
Training Academy Inc. or similar mutually agreeable name, assume the business of
the Company,  and appoint the  management  of the Sellers as  management  of the
Buyer.

     The parties hereto agree as follows:

                                    Article 1
                                   DEFINITIONS

     Section 1.01. OTHER  DEFINITIONAL  AND  INTERPRETATIVE  PROVISIONS.  Unless
specified  otherwise,  in this Agreement the obligations of any party consisting
of more than one Person are joint and several. The words "hereof",  "herein" and
"hereunder"  and words of like import used in this Agreement shall refer to this
Agreement as a whole and not to any particular provision of this Agreement.  The
captions  herein are included  for  convenience  of reference  only and shall be
ignored in the construction or interpretation hereof. References to Articles and
Sections  are to  Articles  and  Sections  of this  Agreement  unless  otherwise
specified.  Any singular term in this  Agreement  shall be deemed to include the
plural,  and any  plural  term  the  singular.  Whenever  the  words  "include,"
"includes" or "including" are used in this Agreement, they shall be deemed to be
followed  by the words  "without  limitation,"  whether  or not they are in fact
followed  by  those  words or words of like  import.  "Writing,"  "written"  and
comparable terms refer to printing,  typing and other means of reproducing words
(including electronic media) in a visible form. References to any Person include
the successors and permitted assigns of that Person.  References from or through
any date mean,  unless  otherwise  specified,  from and including or through and
including, respectively.

                                       2
<PAGE>
                                    Article 2
                    PURCHASE AND SALE AND TRANSFER OF RIGHTS

     Section  2.01.  PURCHASE AND SALE.  Article 1 Upon the terms and subject to
the  conditions  of this  Agreement,  Seller  agrees  to sell to Buyer and Buyer
agrees to purchase from Seller,  100% of the outstanding  shares  (equivalent to
100% of the total  common  shares) of the  Company in  exchange  for  80,000,000
shares of common  stock of the Buyer  issued to the Seller (or approx.  61.5% of
the issued and  outstanding  of the  Buyer),  the exact  issuance as outlined in
Schedule A.

     Section  2.02.  CLOSING.   Upon  mutual  execution  of  this  document  via
electronic counterparts with original copies to follow.

                                    Article 3
                  REPRESENTATIONS AND WARRANTIES OF THE SELLERS

     Seller makes the  following  representations  and  warranties to Buyer with
respect to the  Company as of the date  hereof  (except to the extent  expressly
relating  to a specific  date,  in which event such  representation  or warranty
shall be made as of such date),  which shall be unaffected by any  investigation
heretofore or hereafter made by or on behalf of Buyer:

     Section 3.01.  CORPORATE  EXISTENCE AND POWER. The Company is a corporation
duly  incorporated,  validly existing and in good standing under the laws of its
jurisdiction of incorporation  and has all corporate powers required to carry on
its business as now conducted.

     Section 3.02.  CORPORATE  AUTHORIZATION AND BINDING EFFECT.  The execution,
delivery and  performance by Seller of this Agreement,  and the  consummation by
each of the Sellers and the Company of the transactions  contemplated hereby and
thereby have been duly  authorized  by all necessary  corporate and  shareholder
action by each of the Sellers and the  Company.  Seller and the Company has full
power and  authority  to execute and deliver this  Agreement  and to perform its
obligations hereunder.  This Agreement and each Related Agreement to which it is
a party has been duly  executed  and  delivered  by Seller and the Company  and,
assuming due and valid  authorization,  execution and delivery thereof by Buyer,
this Agreement is a valid and binding obligation of Seller and the Company party
thereto, enforceable in accordance with its terms and conditions.

     Section  3.03.  GOVERNMENTAL  AUTHORIZATION.  The  execution,  delivery and
performance by the Seller of this Agreement and the  consummation  by the Seller
of the transactions  contemplated  hereby require no action by or in respect of,
or filing with, any Governmental Authority.

                                       3
<PAGE>
     Section 3.04. NONCONTRAVENTION.  The execution, delivery and performance by
the Seller of this Agreement and the  consummation  by Seller and the Company of
the  transactions  contemplated  hereby  and  thereby  do not and  will  not (i)
contravene or conflict with the  certificates  or articles of  incorporation  or
bylaws  of the  Seller or the  Company;  (ii)  contravene  or  conflict  with or
constitute a violation of any provision of any Law binding upon or applicable to
the Seller or the Company or any of their respective properties or assets; (iii)
result in a  violation  or a breach of, or  constitute  a default or require any
consent  under  or  give  rise  to  a  right  of  termination,  cancellation  or
acceleration  of any  right or  obligation  of the  Company  or to a loss of any
benefit to which the Company is entitled under any provision of any note,  bond,
mortgage, indenture, lease, agreement,  contract, obligation or other instrument
to which  the  Company  is bound,  or any  license,  franchise,  permit or other
similar  authorization  held by the  Company;  or (iv) result in the creation or
imposition  of any Lien on any asset of the  Company,  except for any  Permitted
Liens.

     Section 3.05.  CAPITALIZATION.  All outstanding  shares of capital stock of
the Company are duly authorized,  validly issued, fully paid,  nonassessable and
free from preemptive rights. Except as set forth in this Article 1(v), there are
no  outstanding  (v) shares of capital  stock or other voting  securities  of or
other  ownership  interests  in the  Company;  (vi))  securities  of the Company
convertible  into  or  exchangeable  for  shares  of  capital  stock  or  voting
securities of or other ownership  interests in the Company;  or (vii) options or
other rights to acquire from the Company,  or any  obligation  of the Company to
issue,  transfer or sell,  any capital  stock or voting  securities  of or other
ownership   interests  in  the  Company  or  securities   convertible   into  or
exchangeable  for  capital  stock or  voting  securities  of or other  ownership
interests  in the  Company  (the  items in  clauses  (v),  (vi) and (vii)  being
referred to collectively as the "COMPANY SECURITIES").  There are no outstanding
obligations  of the  Company to  repurchase,  redeem or  otherwise  acquire  any
Company Securities. The Company does not have any Subsidiaries.

     Section  3.06.  OWNERSHIP  OF SHARES.  Seller is the record and  beneficial
owner of the Shares,  free and clear of any Lien,  and will transfer and deliver
to Buyer at the Closing valid title to the Shares, free and clear of any Lien.

     Section  3.07.  PERMITS;  COMPLIANCE.  The Company is in  possession of all
franchises,  grants,  authorizations,  licenses, permits, easements,  variances,
exceptions,  consents,  certificates,  approvals,  clearances  and orders of any
Governmental  Authority  necessary  for the Company to operate  its  business as
currently  conducted,  to own,  lease and operate its properties and to carry on
the Business (the "COMPANY PERMITS") and the use and operation by the Company of
its properties and the conduct of the Business comply with the  requirements and
conditions of all Company Permits.

     Section  3.08.  FINANCIAL  STATEMENTS.  Article 2 The Company has unaudited
consolidated  financial  statements  of the  Company as of  December  31,  2009,

                                       4
<PAGE>
(collectively,  the  "FINANCIAL  STATEMENTS"),  the  financial  position  of the
Company as of the dates thereof and their  consolidated  results of  operations,
cash flows and stockholders equity for the periods then ended.

     Section  3.09.  BOOKS AND RECORDS.  The books of account,  minute books and
stock  record  books of the Company  are  complete  and correct in all  material
respects and have been  maintained in accordance  with  reasonable and customary
business  practices.  The minute books of the Company  contain  records that are
complete and correct in all material  respects of all meetings of, and corporate
action  taken by  (including  all actions by  unanimous  written  consent),  the
shareholders  and  directors of the Company since  inception.  True and complete
copies of all  minute  books  and all stock  record  books of the  Company  have
heretofore been made available to Buyer.

     Section  3.10.  ABSENCE OF CERTAIN  CHANGES.  The Company has conducted its
business in the ordinary course consistent with past practices and there has not
been:

     (a)any event,  occurrence or development  which has had a Company  Material
Adverse Effect;

     (b)any  declaration,  setting  aside or  payment of any  dividend  or other
distribution with respect to any shares of capital stock of the Company,  or any
repurchase,  redemption or other  acquisition by the Company of any  outstanding
shares of capital stock or other securities of, or other ownership interests in,
the Company;

     (c)any  amendment of any material term of any  outstanding  security of the
Company;

     (d)any incurrence, assumption, amendment or guarantee by the Company of any
indebtedness  for borrowed money, or any foreign  currency,  hedging,  financial
derivatives  or  similar  transactions,  other  than in the  ordinary  course of
business and consistent with past practices;

     (e)any  creation  or  assumption  by the  Company  of any Lien,  other than
Permitted Liens, on any asset of the Company;

     (f)Article 3 any making of any loan, advance or capital  contribution to or
investment  in any Person by the  Company  other than loans,  advances,  capital
contributions or investments made in the ordinary course of business  consistent
with past  practices or (i) any  amendment of the terms of any loan to executive
officers or directors;

     (g)any transaction or commitment made, or any contract or agreement entered
into,  by the Company  relating  to its assets or the  Business  (including  the
acquisition  or  disposition  of any assets),  in either  case,  material to the
Company,  other than  transactions  and  commitments  in the ordinary  course of

                                       5
<PAGE>
business   consistent  with  past  practices  and  those  contemplated  by  this
Agreement;

     (h)any material  change in any method of accounting or accounting  practice
by the Company.

     (i)any payment,  discharge or satisfaction of any material claim, liability
or  obligation,  except in the  ordinary  course of  business or pursuant to the
terms of any Material Contract;

     (j)any material modification to a Material Contract;

     (k)except  as  required  under  applicable  law  or  pursuant  to  existing
agreements,  any (ii) grant of any severance or termination pay to any director,
officer or employee of the Company,  (iii)  increase in  compensation,  bonus or
other  benefits  payable under any severance or  retirement or  termination  pay
policies  of  the  Company,  (iv)  entering  into  of any  employment,  deferred
compensation  or other similar  agreement (or any amendment to any such existing
agreement) with any director, officer or employee of the Company or (v) adoption
of any new Employee Plan or  modification  of any Employee  Plan, in the case of
each of clauses (ii) through (v), other than in the ordinary  course of business
consistent with past practices; or

     (l)any  disposal  or lapse  of any  rights  to the use of any  Intellectual
Property Right, which would have a Company Material Adverse Effect.

     Section 3.11. NO UNDISCLOSED MATERIAL LIABILITIES. There are no liabilities
or obligations of the Company of any kind, other than:

     (a)liabilities  or  obligations  disclosed  or provided  for in the Balance
Sheet or the notes thereto;

     (b)liabilities  or obligations  incurred in the ordinary course of business
since the Balance Sheet Date;

     (c)liabilities or obligations under this Agreement; and

     (d) other  liabilities or obligations which in the aggregate would not have
a Company Material Adverse Effect.

     Section 3.12.  LITIGATION.  As of the date of this  Agreement,  there is no
judicial  or  administrative  action,  suit  or  proceeding  pending,  or to the
Knowledge of Seller, threatened against the Company or relating to the Business,
any of the  Company's  properties  or any of the  officers or  directors of such
companies  before  any court or  arbitrator  or  before  or by any  Governmental
Authority that would,  individually or in the aggregate, have a Company Material
Adverse Effect. The Company is not subject to any judgment, order or decree that
would result in a Company Material Adverse Effect.

                                       6
<PAGE>
     Section 3.13.  TAXES.  Article 4 The Company has also separately  filed all
material Tax Returns that it was required to file for each taxable  period.  All
such Tax  Returns  were timely  filed,  correct  and  complete  in all  material
respects and were prepared in substantial  compliance  with all applicable  laws
and regulations. The Company has paid all material Taxes shown or required to be
shown on such separate Tax Returns.

     (b) There are no Liens for Taxes (other than Taxes not yet due and payable)
upon any of the assets of the Company.

     (c) The Company has withheld and paid all employment,  sales, use and other
Taxes  required to have been  withheld and paid in  connection  with any amounts
paid or owing to any employee,  independent contractor,  creditor or other third
party.

     (d) There is no pending or any threatened  dispute or claim  concerning any
material Tax  liability of the Company for any taxable  period  during which the
Company was a member of the Seller's Affiliated Group.

          (i) EMPLOYEES. The company does not nor has ever had any employees.

     Section 3.14.  CERTAIN BUSINESS  PRACTICES.  Neither the Company nor any of
its  directors,  officers  employees  or any other person  authorized  to act on
behalf of the Company has used any corporate  funds for unlawful  contributions,
gifts,  entertainment or other unlawful expenses relating to political activity,
made any  unlawful  payment to  foreign  or  domestic  government  officials  or
employees  or to  foreign  or  domestic  political  parties  or  campaigns  from
corporate funds,  violated any provision of the Foreign Corrupt Practices Act of
1977, as amended, or made any bribe, rebate, payoff, influence payment, kickback
or other similar unlawful payment to any foreign or domestic government official
or employee from corporate funds.

     Section 3.15.  ENVIRONMENTAL  MATTERS.  Article 5 Except as to matters that
would not have a Company Material Adverse Effect:

          (i) no complaint has been filed, no penalty has been assessed,  and no
third-party  investigation,  claim, suit,  proceeding or review is pending or is
threatened  by any  Governmental  Authority or other Person  against the Company
and, in each case,  alleging or relating to any  violation by the Company of any
Environmental Law;

          (ii) the Company is in compliance with all Environmental  Laws and has
obtained  and  is  in  compliance  with  all  permits,   licenses,   franchises,
certificates,  approvals and other similar  authorizations  of any  Governmental
Authority (collectively, "ENVIRONMENTAL PERMITS") required by Environmental Laws
to conduct the Business;

                                       7
<PAGE>
     COMPLIANCE  WITH LAWS AND COURT ORDERS.  The Company is in compliance  with
all, and is not under investigation with respect to applicable Laws.

     Section  3.16.  EMPLOYEE  MATTERS.  The  Company  is in  compliance  in all
material respects with all applicable Laws respecting  employment and employment
practices,  terms, and conditions of employment,  and wages and hours and is not
engaged in any unfair labor practice.

     Section 3.17. TITLE TO ASSETS; LIENS. The Company has good title to all the
properties and assets reflected in the Balance Sheet and all assets purchased by
the Company since the Balance Sheet Date free and clear of all Liens (other than
Permitted Liens). At the time of the Closing,  the assets of the Company,  taken
together  with the  rights  and  benefits  to Buyer  arising  under the  Related
Agreements,  shall be adequate in all  material  respects to allow Buyer at such
time to conduct the Business substantially as it is currently being conducted.

     Section 3.18. REAL PROPERTY. The Company has no title to any real property.

     (a)To Seller's Knowledge,  there is no structural defect in any of the Real
Property or the improvements thereon.

     Section 3.19MATERIAL CONTRACTS.  Article 6 The Company is not a party to or
bound by any agreement or contract except as disclosed.

     (b) Each  agreement,  contract,  plan,  lease,  arrangement  or  commitment
required to be  disclosed  pursuant  to this  Section  (collectively,  "MATERIAL
CONTRACTS") is a valid and binding agreement of the Company and is in full force
and effect,  and none of the Company or, to the  Knowledge of Seller,  any other
party thereto is in default or breach in any respect under the terms of any such
agreement, contract, plan, lease, arrangement or commitment.

     Section 3.20.  INSURANCE.  Seller has made available to Buyer copies of all
insurance  policies  providing  coverage  in favor of the  Company or any of its
properties,   including  "all  risk"  insurance  policies   (collectively,   the
"INSURANCE POLICIES"). There are no material claims by the Company pending under
any of the Insurance  Policies as to which coverage has been questioned,  denied
or disputed  by the  underwriters  of such  policies or in respect of which such
underwriters  have reserved their rights.  As of the date hereof,  all Insurance
Policies  are in full force and effect,  all premiums due thereon have been paid
and the Company is in  compliance  in all material  respects  with the terms and
provisions of the Insurance Policies.

     Section  3.21.  INTELLECTUAL  PROPERTY.  Article 7 No Company  Intellectual
Property Right is subject to any outstanding judgment, injunction, order, decree
or  agreement  restricting  the use  thereof by the Company or  restricting  the
licensing thereof by the Company to any Person.

                                       8
<PAGE>
     (b) Except as expressly  disclosed  to Buyer,  the Company has the sole and
exclusive right to use the Company Intellectual  Property Rights, and no consent
of any third  party is required  for the use  thereof by the  Company  following
Closing.  To the Knowledge of Seller, no claims have been asserted by any person
challenging the use of any Company Intellectual  Property Rights, or challenging
or questioning the validity or  effectiveness  of any such license or agreement.
No additional  Intellectual  Property Rights other than the Company Intellectual
Property Rights are necessary or material to the conduct of the Business.

                                    Article 4
                     REPRESENTATIONS AND WARRANTIES OF BUYER

     Buyer hereby makes the  following  representations  and  warranties  to the
Sellers as of the date  hereof  (except to the extent  expressly  relating  to a
specific date, in which event such  representation  or warranty shall be made as
of such date),  which shall be  unaffected  by any  investigation  heretofore or
hereafter made.

     Section 4.01.  CORPORATE  EXISTENCE AND POWER.  Buyer is a corporation duly
incorporated,  validly  existing  and in good  standing  under  the  laws of its
jurisdiction of incorporation  and has all corporate powers required to carry on
its business as now conducted.

     Section  4.02.  CORPORATE  AUTHORIZATION.   The  execution,   delivery  and
performance by Buyer of this Agreement and each Related Agreement to which it is
a party and the  consummation by Buyer of the transactions  contemplated  hereby
and thereby have been duly authorized by all necessary corporate and shareholder
action by Buyer.  Buyer has full power and authority to execute and deliver this
Agreement and to perform its obligations hereunder. This Agreement has been duly
executed  and  delivered  by Buyer and,  assuming  due and valid  authorization,
execution and delivery thereof by each Seller party thereto, this Agreement is a
valid and binding obligation of Buyer,  enforceable in accordance with its terms
and conditions.

     Section  4.03.  GOVERNMENTAL  AUTHORIZATION.  The  execution,  delivery and
performance  by  Buyer of this  Agreement  and each  Related  Agreement  and the
consummation  by Buyer  of the  transactions  contemplated  hereby  and  thereby
require  no  action  by or in  respect  of, or  filing  with,  any  Governmental
Authority

     Section 4.04. NONCONTRAVENTION.  The execution, delivery and performance by
Buyer of this  Agreement  and the  consummation  by  Buyer  of the  transactions
contemplated  hereby do not and will not (i)  contravene  or  conflict  with the
articles of incorporation or bylaws of Buyer, (ii) assuming  compliance with the
matters  referred  to in 4.03,  contravene  or  conflict  with or  constitute  a
violation of any provision of any Law binding upon or applicable to Buyer, (iii)
result in

                                       9
<PAGE>
a violation or a breach of, or constitute a default or require any consent under
or give rise to a right of  termination,  cancellation  or  acceleration  of any
right  or  obligation  of Buyer or to a loss of any  benefit  to which  Buyer is
entitled  under any provision of any note,  bond,  mortgage,  indenture,  lease,
agreement,  contract, obligation or other instrument to which Buyer is bound, or
any license, permit or other similar authorization held by Buyerj.

     Section 4.05.  LITIGATION.  As of the date of this  Agreement,  there is no
judicial  or  administrative  action,  suit  or  proceeding  pending,  or to the
knowledge of Buyer,  threatened against Buyer before any Governmental  Authority
which in any manner challenges or seeks to prevent,  enjoin, alter or materially
delay the transactions contemplated by this Agreement.

                                    Article 5
                            COVENANTS OF THE SELLERS

     Each of the Sellers agrees that:

     Section 5.01. CONDUCT OF THE COMPANY.  Except as expressly  contemplated by
this  Agreement  or as otherwise  consented  to by Buyer in writing,  during the
period from the date hereof and continuing,  each of the Sellers shall cause the
Company to:

     (a)conduct  its  business  in  the  usual,   regular  and  ordinary  course
consistent with past practices;

     (b)not  mortgage,  pledge,  sell or dispose  of any assets  with a value of
$3,000 or more in the  aggregate,  and not waive,  release,  grant,  transfer or
permit  to lapse  any  Company  rights  of  value in  excess  of  $5,000  in the
aggregate;

     (c)comply  in all material  respects  with all  provisions  of any Material
Contracts to which the Company is a party;

     (d)not take any action that would result in the representation set forth in
Article 3(ii) being untrue;

     (e)not enter into any new or amended  contract,  agreement,  side letter or
memorandum  of  understanding  with any  unions  representing  employees  of the
Company;

     (f)not  enter into any  agreement  or  understanding  with any other Person
outside  of the  ordinary  course of  business  consistent  with past  practices
involving  expenditures  in excess of $3,000 in the aggregate or involving terms
of duration or commitments in excess of 3 months;

                                       10
<PAGE>
     (g)not  enter into any  agreement  or  understanding  with any other Person
containing any  exclusivity,  non-competition  or similar  provisions that would
materially restrict the ability of the Company to compete;

     (h)not  adopt  or  propose  any  change  in  its  organizational  documents
(including bylaws); and

     (i)not merge or consolidate with any other Person.

     Section 5.02. ACCESS TO INFORMATION; CONFIDENTIALITY.

     (a)After the Closing,  Seller will hold, and will use their best efforts to
cause their respective officers,  directors,  employees,  accountants,  counsel,
consultants,  advisors and agents to hold, in  confidence,  unless  compelled to
disclose by judicial or administrative  process or by other requirements of law,
all confidential documents and information concerning the Company, except to the
extent that such  information can be shown to have been (iv) previously known on
a  nonconfidential  basis by either Seller,  (v) in the public domain through no
fault of Sellers or their  Affiliates  or (vi) later  lawfully  acquired  by any
Seller  from  sources  other than those  related to its prior  ownership  of the
Company.  The  obligation  of  Sellers  and  their  Affiliates  to hold any such
information in confidence shall be satisfied if they exercise the same care with
respect to such  information as they would take to preserve the  confidentiality
of their own similar information.

     (b)On and after the Closing Date, Seller will afford, promptly to Buyer and
its  agents  reasonable  access to its  books of  account,  financial  and other
records  (including  accountant's  work  papers),  information,   employees  and
auditors to the extent  reasonably  necessary for Buyer in  connection  with any
audit,  investigation,   dispute  or  litigation  (other  than  any  dispute  or
litigation  involving either of the Sellers) relating to the Business;  PROVIDED
that any such access by Buyer shall be conducted  during normal  business  hours
and shall not  unreasonably  interfere  with the conduct of the  business of the
Sellers, Buyer shall bear all of the out-of-pocket costs and expenses (including
reasonable  attorneys'  fees, but excluding  reimbursement of Seller for general
overhead, salaries and employee benefits) reasonably incurred in connection with
the foregoing.

     Section 5.03. NOTICES OF CERTAIN EVENTS. From the date hereof, Seller shall
promptly notify Buyer of:

     (a)any actions,  suits,  claims,  investigations  or proceedings  Article 8
commenced  against  the Company or Article 9 in respect of which the Company has
an  indemnification  obligation  and as to which Seller has  Knowledge  that, if
pending on the date of this  Agreement,  would have been  required  to have been
disclosed pursuant to 3.12.

                                       11
<PAGE>
                                    Article 6
                               COVENANTS OF BUYER

     Buyer agrees that:

     Section  6.01.  CONFIDENTIALITY.  Prior to the  Closing  Date and after any
termination of this Agreement,  Buyer and its Affiliates will hold, and will use
their best efforts to cause their  respective  officers,  directors,  employees,
accountants,  counsel,  consultants,  advisors and agents to hold, in confidence
all confidential  documents and information  concerning the Company furnished to
Buyer or its Affiliates in connection with the transaction  contemplated by this
Agreement.

     Section 6.02. TRADEMARKS; TRADENAMES. Buyer shall not permit the Company to
use any of the marks or names of Seller that the parties  agree shall  belong to
Seller after closing.

                                    Article 7
                       COVENANTS OF BUYER AND THE SELLERS

     Buyer and the Sellers agree that:

     Section 7.01. BEST EFFORTS;  FURTHER ASSURANCES.  Article 10 Subject to the
terms and  conditions  of this  Agreement,  Buyer and the Sellers will use their
best efforts to take,  or cause to be taken,  all actions and to do, or cause to
be done, all things necessary or desirable under applicable laws and regulations
to consummate the transactions contemplated by this Agreement.  Seller and Buyer
shall,  and the Sellers shall cause the Company prior to the Closing,  and Buyer
shall cause the Company  after the  Closing,  to execute and deliver  such other
documents,  certificates,  agreements  and other writings and to take such other
actions as may be necessary or  desirable  in order to  consummate  or implement
expeditiously the transactions contemplated by this Agreement.

     Section 7.02. PUBLIC ANNOUNCEMENTS.  The parties agree to consult with each
other  before  issuing  any press  release or making any public  statement  with
respect to this Agreement or the  transactions  contemplated  hereby and, except
for any press  releases  and  public  announcements  the  making of which may be
required by applicable law or any listing agreement with any national securities
exchange,  will  not  issue  any such  press  release  or make  any such  public
statement prior to such consultation..

     Section 7.03 OPERATIONAL AGREEMENT.  Both parties agree that within 90 days
of closing an operational  partnership agreement shall be in place, inclusive of
employment  agreements  for principal  officers of the Seller.  Buyer and Seller
have to date  negotiated  most of the terms of the  agreement and will use their
best faith  efforts to  complete  and ratify said  agreement.  In the event of a

                                       12
<PAGE>
failure to complete an agreement Seller retains the right to purchase the shares
sold to the Buyer for an equal amount of consideration expended by the Buyer.

                                    Article 8
                                EMPLOYEE BENEFITS

     Section  8.01.  EMPLOYEE  BENEFITS.  Nothing  herein  shall be construed to
require the Company or Buyer to continue  after  Closing the  employment  of any
Company employee or to otherwise interfere with the Company's right to terminate
any such employees at any time after Closing.

                                    Article 9
                              CONDITIONS TO CLOSING

     Section  9.01.  CONDITIONS  TO  OBLIGATIONS  OF BUYER AND THE SELLERS.  The
obligations  of Buyer and the Sellers to  consummate  the Closing are subject to
the satisfaction of the following conditions:

     (a)no provision of any Law shall prohibit the consummation of the Closing;

     (b)there  shall not be in effect any Law  enacted,  enforced,  promulgated,
issued or  deemed  applicable  to the  transactions  contemplated  hereby of any
Governmental  Authority that makes illegal or otherwise  materially restrains or
prohibits the consummation of the transactions contemplated hereby.

     Section 9.02. CONDITIONS TO OBLIGATION OF BUYER. The obligation of Buyer to
consummate the Closing is subject to the  satisfaction of the following  further
conditions:

     (a)the  Seller  shall  have  performed  or  complied  with in all  material
respects all of the covenants and  agreements  required to be performed by it on
or prior to the Closing Date under this Agreement,  and the  representations and
warranties of the Seller set forth in this Agreement  shall be true at and as of
the  Closing  Date  as if  made  at  and  as of  such  time  (except  as to  any
representation  or warranty  which speaks as of a specific  date,  which must be
true as of such date;

     (b)there shall not have occurred any Company  Material Adverse Effect after
the date hereof which is continuing on the Closing Date;

     (c)Buyer  shall have  received  all  documents  it may  reasonably  request
relating to the existence of the Seller and the authority of the Seller for this
Agreement, all in form and substance reasonably satisfactory to Buyer; and

                                       13
<PAGE>
     Section 9.03.  CONDITIONS TO OBLIGATION OF THE SELLERS.  The  obligation of
the  Sellers  to  consummate  the  Closing is  subject  to  satisfaction  of the
following further conditions:

     (a)Buyer shall have performed or complied with in all material respects all
of the  covenants and  agreements  required to be performed by it on or prior to
the Closing Date under this Agreement, and the representations and warranties of
Buyer set forth in this Agreement shall be true at and as of the Closing Date as
if made at and as of such time  (except  as to any  representation  or  warranty
which speaks as of a specific date, which must be true as of such date); and

     (b)the Seller shall have received all documents it may  reasonably  request
relating  to the  existence  of  Buyer  and the  authority  of  Buyer  for  this
Agreement, all in form and substance reasonably satisfactory to the Sellers.

                                   Article 10
                            SURVIVAL; INDEMNIFICATION

     Section  10.01.  SURVIVAL.  Except as  specifically  set forth  below,  the
representations and warranties of the parties hereto contained in this Agreement
or  in  any  certificate  or  other  writing  delivered  pursuant  hereto  or in
connection herewith shall survive the Closing until the first anniversary of the
Closing Date. The covenants and  agreements of the parties  hereto  contained in
this Agreement or in any certificate or other writing delivered  pursuant hereto
or in  connection  herewith  shall survive the Closing  indefinitely  or for the
shorter period explicitly specified therein,  except that for such covenants and
agreements that survive for such shorter period,  breaches thereof shall survive
indefinitely  or until the latest date  permitted  by law.  Notwithstanding  the
preceding  sentences,  any  breach  of  representation,  warranty,  covenant  or
agreement in respect of which indemnity may be sought under this Agreement shall
survive the time at which it would otherwise terminate pursuant to the preceding
sentences,  if notice of the  inaccuracy or breach  thereof  giving rise to such
right of  indemnity  shall  have  been  given to the  party  against  whom  such
indemnity may be sought prior to such time.

     Section  10.02.  INDEMNIFICATION.  Article  11  Effective  at and after the
Closing,  Seller hereby  indemnifies Buyer and its Affiliates against and agrees
to hold  each of them  harmless  from  any and  all  damage,  loss  and  expense
(including  reasonable expenses of investigation and reasonable  attorneys' fees
and  expenses and any fines or penalties  imposed)  ("DAMAGES",  which shall not
include amounts subject to  indemnification by the Sellers) actually suffered by
Buyer or any of its Affiliates arising out of any misrepresentation or breach of
representation or warranty (each such  misrepresentation and breach, a "WARRANTY
BREACH") or breach of  covenant  or  agreement  made or to be  performed  by the
Sellers pursuant to this Agreement.

                                       14
<PAGE>
     (b)Effective at and after the Closing,  Buyer hereby indemnifies Seller and
its Affiliates against and agrees to hold each of them harmless from any and all
Damages actually suffered by Seller or any of its Affiliates  arising out of any
Warranty  Breach or breach of covenant or  agreement  made or to be performed by
Buyer pursuant to this Agreement.

     Section  10.03.  PROCEDURES.  Article 12 The party seeking  indemnification
under Article 11 (the  "INDEMNIFIED  PARTY") agrees to give prompt notice to the
party  against  whom  indemnity  is sought  (the  "INDEMNIFYING  PARTY")  of the
assertion of any claim, or the  commencement  of any suit,  action or proceeding
("CLAIM")  in respect of which  indemnity  may be sought  under such Section and
will provide the  Indemnifying  Party such information with respect thereto that
the  Indemnifying  Party may  reasonably  request.  The failure to so notify the
Indemnifying  Party shall not relieve the Indemnifying  Party of its obligations
hereunder,  except to the extent such failure shall have adversely  affected the
Indemnifying Party.

     (b)The  Indemnifying  Party shall be entitled to participate in the defense
of any Claim  asserted by any third party ("THIRD PARTY CLAIM") and,  subject to
the  limitations  set forth in this  Section,  shall be  entitled  to assume the
control  of and  appoint  lead  counsel  for such  defense,  in each case at its
expense.

     (c)If the Indemnifying Party shall assume the control of the defense of any
Third Party Claim in accordance  with the provisions of this Article 12, (i) the
Indemnifying  Party shall obtain the prior  written  consent of the  Indemnified
Party (which shall not be unreasonably withheld,  delayed or conditioned) before
entering  into  any  settlement  of such  Third  Party  Claim,  but  only if the
settlement  does not  release the  Indemnified  Party from all  liabilities  and
obligations with respect to such Third Party Claim or if the settlement  imposes
injunctive or other equitable relief against the Indemnified Party, and (ii) the
Indemnified  Party shall be entitled to participate in the defense of such Third
Party Claim and to employ separate  counsel of its choice for such purpose.  The
fees and  expenses of such  separate  counsel  shall be paid by the  Indemnified
Party. The  Indemnifying  Party shall have no  indemnification  obligations with
respect to any Third Party Claim that shall be settled by the Indemnified  Party
without the prior written consent of the Indemnifying Party, which consent shall
not be unreasonably withheld, delayed or conditioned.

     (d)Each party shall  cooperate,  and cause their  respective  Affiliates to
cooperate,  in the  defense or  prosecution  of any Third  Party Claim and shall
furnish or cause to be furnished such records,  information  and testimony,  and
attend such conferences,  discovery proceedings, hearings, trials or appeals, as
may be reasonably requested in connection therewith. The Indemnified Party shall
keep the  Indemnifying  Party  fully  informed of the defense of any Third Party
Claim conducted by such Indemnified Party.

                                       15
<PAGE>
     (e)Each  Indemnified  Party  shall use  reasonable  efforts to collect  any
amounts available under insurance coverage,  or from any other Person alleged to
be responsible, for any Damages payable under Article 11.

     Section 10.04. KNOWLEDGE. Notwithstanding anything in this Agreement to the
contrary,   the  rights  of  the  parties  to   indemnification   based  on  the
representations and warranties set forth in this Agreement shall not be affected
by any  investigation  conducted with respect to, or any knowledge  acquired (or
capable of being  acquired)  about the accuracy or  inaccuracy  of or compliance
with, any such representation or warranty.

                                   Article 11
                                   TERMINATION

     Section 11.01. GROUNDS FOR TERMINATION. This Agreement may be terminated at
any time prior to the Closing:

     (a)by mutual written agreement of Seller and Buyer;

     (b)by  either  Seller  or  Buyer  if  consummation   of  the   transactions
contemplated  hereby would  violate any  nonappealable  final  order,  decree or
judgment of any Governmental Authority having competent jurisdiction; or

     (c)by Buyer if (iii)  Seller  shall have filed a petition  for relief under
the  Bankruptcy  Code prior to the Closing or (iv) an  involuntary  petition for
relief under the Bankruptcy Code is filed against Seller prior to the Closing by
any party other than (x) Buyer or its Affiliates or (y) any Person acting at the
direction of or in concert with Buyer or its Affiliates and such petition is not
dismissed prior to the Closing;

     (d) by Buyer if the Company does not raise at least $1,000,000 in equity or
debt within 12 months of the date of this Agreement.

     The party desiring to terminate this Agreement  pursuant to clauses of this
11.01 shall give notice of such termination to the other party.

     Section 11.02.  EFFECT OF  TERMINATION.  If this Agreement is terminated as
permitted by 11.01, such termination shall be without liability of any party (or
any   stockholder,   director,   officer,   employee,   agent,   consultant   or
representative  of such  party) to any other party to this  Agreement;  provided
that if such termination shall result from either party's willful (v) failure to
fulfill a condition to the  performance  of the  obligations of the other party,
(vi) failure to perform a covenant  set forth in this  Agreement or (vii) breach
of any representation or warranty or agreement contained herein, such failing or
breaching  party  shall be fully  liable  for any and all  Damages  incurred  or
suffered by the other party as a result of such failure or breach. The

                                       16
<PAGE>
provisions of 6.01, 12.03, 12.05, 12.06 and shall survive any termination hereof
pursuant to 11.01.

                                   Article 12
                                  MISCELLANEOUS

     Section  12.01.  NOTICES.  All notices and other  communications  hereunder
shall be in writing  (including  facsimile  transmission,  with  confirmation of
receipt)  and shall be deemed to have been  duly  given  (viii)  when  delivered
personally or by  facsimile,  (ix) when  received by the  addressee,  if sent by
Express  Mail,  Federal  Express  or other  express  delivery  service  (receipt
requested),  or (x) three  business  days  after  being  sent by  registered  or
certified mail, return receipt requested, in each case to the other party at the
following  addresses (or to such other address for a party as shall be specified
by like notice,  provided that notices of a change of address shall be effective
only upon receipt thereof) PROVIDED that any communication by facsimile shall be
confirmed  by a copy sent via  overnight  mail to the  physical  address  of the
recipient set forth above. All such notices,  requests and other  communications
shall be deemed  received  on the date of  receipt by the  recipient  thereof if
received  prior to 5 p.m. in the place of receipt and such day is a Business Day
in the place of receipt.  Otherwise,  any such notice,  request or communication
shall be deemed not to have been received until the next succeeding Business Day
in the place of receipt.

     Section  12.02.  AMENDMENTS  AND WAIVERS.  Article 13 Any provision of this
Agreement  may be  amended  or  waived  only if such  amendment  or waiver is in
writing  and is  signed,  in the  case of an  amendment,  by each  party to this
Agreement,  or in the case of a waiver,  by the party against whom the waiver is
to be effective.

     (b)No  failure  or delay by any party in  exercising  any  right,  power or
privilege  hereunder shall operate as a waiver thereof,  nor shall any single or
partial  exercise  thereof preclude any other or further exercise thereof or the
exercise of any other right, power or privilege.  The rights and remedies herein
provided  shall be  cumulative  and not  exclusive  of any  rights  or  remedies
provided by law.

     Section 12.03. EXPENSES. Except as otherwise provided herein, all costs and
expenses  incurred in connection  with this Agreement shall be paid by the party
incurring such cost or expense.

     Section  12.04.  SUCCESSORS  AND ASSIGNS.  The provisions of this Agreement
shall be binding  upon and inure to the benefit of the parties  hereto and their
respective successors and assigns;  provided that no party may assign,  delegate
or otherwise  transfer  any of its rights or  obligations  under this  Agreement
without the consent of each other party hereto.

                                       17
<PAGE>
     Section  12.05.  GOVERNING  LAW.  This  Agreement  shall be governed by and
construed in accordance with the laws and courts of the State of Nevada, without
regard to the conflicts of law rules of such country.

     Section 12.06. JURISDICTION. The parties hereto agree that any suit, action
or  proceeding  seeking  to  enforce  any  provision  of, or based on any matter
arising  out of or in  connection  with,  this  Agreement  or  the  transactions
contemplated  hereby shall be brought in the State of Nevada.  In any such suit,
action or  proceeding  each party  irrevocably  waives,  to the  fullest  extent
permitted by law, any objection  that it may now or hereafter have to the laying
of the venue of any such suit,  action or  proceeding  in any such court or that
any such suit,  action or proceeding  brought in any such court has been brought
in an inconvenient forum.

     Section 12.07. COUNTERPARTS; EFFECTIVENESS; THIRD-PARTY BENEFICIARIES. This
Agreement may be signed in any number of counterparts, each of which shall be an
original, with the same effect as if the signatures thereto and hereto were upon
the same  instrument.  No provision of this  Agreement is intended to confer any
rights, benefits, remedies, obligations or liabilities hereunder upon any Person
other than the parties hereto and their respective successors and assigns.

     Section 12.08.  ENTIRE  AGREEMENT.  This Agreement  constitutes  the entire
agreement  between  the  parties  with  respect  to the  subject  matter of this
Agreement and supersedes all prior agreements and understandings,  both oral and
written,  between  the  parties  with  respect  to the  subject  matter  of this
Agreement.

     Section  12.09.   SEVERABILITY.   If  any  term,  provision,   covenant  or
restriction  of this Agreement is held by a court of competent  jurisdiction  or
other  authority  to be invalid,  void or  unenforceable,  the  remainder of the
terms, provisions,  covenants and restrictions of this Agreement shall remain in
full force and effect and shall in no way be affected,  impaired or  invalidated
so long as the economic and legal  substance  of the  transactions  contemplated
hereby is not affected in any manner materially  adverse to any party. Upon such
a  determination,  the  parties  shall  negotiate  in good faith to modify  this
Agreement  so as to effect  the  original  intent of the  parties  as closely as
possible in an  acceptable  manner in order that the  transactions  contemplated
hereby be consummated as originally contemplated to the fullest extent possible.

                                       18
<PAGE>
     IN WITNESS  WHEREOF,  the parties  hereto have caused this  Agreement to be
duly  executed by their  respective  authorized  officers as of the day and year
first above written.

THE BUYER:

By:
    -----------------------------------------
Name:
Title:

ALTUS EXPLORATIONS INC.

THE SELLER:

By:
    -----------------------------------------
Name:
Title:

UWD UNITAS WORLD DEVELOPMENT INC.

THE COMPANY:

By:
    -----------------------------------------
Name:
Title:
THE CANADIAN TACTICAL TRAINING ACADEMY INC.

                                       19
<PAGE>
                                   SCHEDULE A:

                               ISSUANCE OF SHARES

NAME                 AMOUNT OF SHARES TO BE SOLD   AMOUNT OF SHARES TO BE ISSUED
----                 ---------------------------   -----------------------------
UWD UNITAS WORLD         450 Common Shares            80,000,000 Common Shares
DEVELOPMENT INC.

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