Document:

a5831953ex10_7.htm

    EXHIBIT
10.7

     

     

    
      
      

    

    NONE
OF THE SECURITIES REPRESENTED HEREBY HAVE BEEN REGISTERED UNDER THE UNITED
STATES SECURITIES ACT OF 1933, AS AMENDED (THE "1933 ACT"), OR ANY U.S. STATE
SECURITIES LAWS, AND, UNLESS SO REGISTERED, MAY NOT BE OFFERED OR SOLD, DIRECTLY
OR INDIRECTLY, IN THE UNITED STATES OR TO U.S. PERSONS, EXCEPT PURSUANT TO AN
EFFECTIVE REGISTRATION STATEMENT UNDER THE 1933 ACT, OR PURSUANT TO AN AVAILABLE
EXEMPTION FROM, OR IN A TRANSACTION NOT SUBJECT TO, THE REGISTRATION
REQUIREMENTS OF THE 1933 ACT AND IN EACH CASE ONLY IN ACCORDANCE WITH APPLICABLE
STATE SECURITIES LAWS.

     

    

    
      	 
	 
	
              WARRANT
      CERTIFICATE

            
	 

    

     

    WARRANT
FOR PURCHASE OF COMMON SHARES

    
       

      
        

        

      

    

    THIS
WARRANT WILL BE VOID AND OF NO VALUE UNLESS EXERCISED WITHIN THE LIMITS HEREIN
PROVIDED

     

    THIS
WARRANT IS NOT TRANSFERABLE

     

    BRAINTECH,
INC.

    (Incorporated
under the laws of Nevada)

     

    _____________WARRANTS

     

    DATED:  September
26, 2008

     

    THIS IS TO
CERTIFY THAT ___________________ is
entitled to acquire in the manner herein provided, subject to the restrictions
herein contained, during the period commencing on the date hereof and ending at
5:00 p.m. (Vancouver time) on September 26, 2013 (the "Expiry Date"), the
number of fully paid and non-assessable common shares ("Common Shares") of
Braintech, Inc. ("the Company") as set forth above at a price of USD $0.30 per
Common Share (the "Exercise Price").

     

    Until such
time as the same is no longer required under applicable securities laws and
regulations, the certificates representing any of the Common Shares issued upon
exercise of the Warrants represented by this Certificate will bear a legend in
substantially the following form:

     

    NONE
OF THE SECURITIES REPRESENTED HEREBY HAVE BEEN REGISTERED UNDER THE UNITED
STATES SECURITIES ACT OF 1933, AS AMENDED (THE "1933 ACT"), OR ANY U.S. STATE
SECURITIES LAWS, AND, UNLESS SO REGISTERED, MAY NOT BE OFFERED OR SOLD, DIRECTLY
OR INDIRECTLY, IN THE UNITED STATES OR TO U.S. PERSONS, EXCEPT PURSUANT TO AN
EFFECTIVE REGISTRATION STATEMENT UNDER THE 1933 ACT, OR PURSUANT TO AN AVAILABLE
EXEMPTION FROM, OR IN A TRANSACTION NOT SUBJECT TO, THE REGISTRATION
REQUIREMENTS OF THE 1933 ACT AND IN EACH CASE ONLY IN ACCORDANCE WITH APPLICABLE
STATE SECURITIES LAWS.

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

     

    The
Warrants are governed by the following Terms and Conditions:

     

    ARTICLE
1

    INTERPRETATION

     

    1.1
                         
Definitions

     

    In these Terms and Conditions, unless
there is something in the subject matter or context inconsistent
therewith:

     

    
      	
               
      

            	
              (a)

            	
              "Common
      Shares" means the common shares in the capital of the Company as
      constituted at the date hereof and any shares resulting from any
      subdivision or consolidation of the Common
  Shares;

            

    

     

    
      	
               
      

            	
              (b)

            	
              "Company"
      means Braintech, Inc. or its successor corporation as a result of
      consolidation, amalgamation or merger with or into any other corporation
      or corporations, or as a result of the conveyance or transfer of all or
      substantially all of the properties and estates of the Company as an
      entirety to any other corporation and thereafter "Company" will mean such
      successor corporation;

            

    

     

    
      	
               
      

            	
              (c)

            	
              "Company's
      Auditor" means an independent firm of accountants duly appointed as the
      auditor of the Company;

            

    

     

    
      	
               
      

            	
              (d)

            	
              "herein",
      "hereby" and similar expressions refer to these Terms and Conditions as
      the same may be amended or modified from time to time; and the expression
      "Article" and "Section" followed by a number refer to the specified
      Article or Section of these Terms and
  Conditions;

            

    

     

    
      	
               
      

            	
              (e)

            	
              "person"
      means an individual, corporation, partnership, trustee or any
      unincorporated organization and words importing persons have a similar
      meaning;

            

    

     

    
      	
               
      

            	
              (f)

            	
              "Warrant
      Holder" or "Holder" means the holder of the Warrants;
  and

            

    

     

    
      	
               
      

            	
              (g)

            	
              "Warrants"
      mean the share purchase warrants issued by the
  Company.

            

    

     

    1.2                          
Gender

     

    Words importing the singular number
include the plural and vice versa and words importing the masculine gender
include the feminine and neuter genders.

     

    
      
        
        

      

      
        2

        
          

        

      

      
        
        

      

    

     

    1.3                          
Interpretation Not
Affected by Headings

     

    The division of these Terms and
Conditions into Articles and Sections, and the insertion of headings are for
convenience of reference only and will not affect the construction or
interpretation thereof.

     

    1.4                          
Applicable
Law

     

    The Warrants will be construed in
accordance with the laws of the State of Nevada and the laws of the United
States applicable thereto and will be treated in all respects as Nevada
contracts.

     

    ARTICLE
2

    ISSUE OF ADDITIONAL
WARRANTS

     

    2.1                          
Additional
Warrants

     

    The Company may at any time and from
time to time issue additional warrants or grant options or similar rights to
acquire or purchase Common Shares.

     

    2.2                          
Issue in Substitution
for Lost Warrants

     

    
      	
               
      

            	
              (a)

            	
              In
      case a Warrant becomes mutilated, lost, destroyed or stolen, the Company,
      at its discretion, may issue and deliver a new Warrant of like date and
      tenor as the one mutilated, lost, destroyed or stolen, in exchange for and
      in place of and upon cancellation of such mutilated Warrant, or in lieu
      of, and in substitution for such lost, destroyed or stolen Warrant and the
      substituted Warrant will be entitled to the benefit hereof and rank
      equally in accordance with its terms with all other Warrants issued or to
      be issued by the Company.

            

    

     

    
      	
               
      

            	
              (b)

            	
              The
      applicant for the issue of a new Warrant pursuant hereto will bear the
      cost of the issue thereof and in case of loss, destruction or theft
      furnish to the Company such evidence of ownership and of loss,
      destruction, or theft of the Warrant so lost, destroyed or stolen as will
      be satisfactory to the Company in its discretion and such applicant may
      also be required to furnish indemnity in amount and form satisfactory to
      the Company in its discretion, and will pay the reasonable charges of the
      Company in connection therewith.

            

    

     

    2.3                          
Warrant Holder Not a
Shareholder

     

    A Warrant Holder is not a shareholder
of the Company, is not entitled to any rights or interests as a shareholder of
the Company and has only the rights and interests expressly provided
herein.

     

    
      
        
        

      

      
        3

        
          

        

      

      
        
        

      

    

     

    ARTICLE
3

    NOTICE

     

    3.1                          
Notice to Warrant
Holder

     

    Any notice to be given to the Holder
will be sent by prepaid registered post and will be deemed to have been received
by the Holder on the fourth day following the mailing thereof or on the date of
successful facsimile transmission or email.  Any such notice will be
addressed to the Holder at the address of the Holder appearing on the Holder's
Warrant or to such other address as the Holder may advise the Company by notice
in writing.

     

    3.2                          
Notice to the
Company

     

    Any notice to be given to the Company
may be delivered personally, or sent by facsimile or other means of electronic
communication providing a printed copy ("Electronic Communication") or may be
forwarded by first class prepaid registered mail to the addresses set forth
below.  Any notice delivered or sent by Electronic Communication shall
be deemed to have been given and received at the time of
delivery.  Any notice mailed as aforesaid shall be deemed to have been
given and received on expiration of 72 hours after it is posted, addressed as
follows:

     

    Braintech,
Inc.

    Suite 102,
930 West 1st Street

    North
Vancouver, British Columbia

    V7P
3N4

     

    Attention: 
         Secretary

     

    Facsimile
No.:     (604) 986-6131

     

    ARTICLE
4

    EXERCISE OF
WARRANTS

     

    4.1                          
Method of Exercise of
Warrants

     

    
      	
               
      

            	
              (a)

            	
              The
      right to acquire Common Shares conferred by the Warrants may be exercised
      by the Holder of such Warrant by surrendering the Warrant Certificate
      representing same, together with a duly completed and executed Exercise
      Form in the form attached hereto to the Company at its principal office in
      the City of North Vancouver, British Columbia.  The purchase
      price (the "Purchase Price") applicable at the time of exercise of any
      Warrants shall be equal to the number of Warrants exercised multiplied by
      the Exercise Price.  The Warrant Holder may pay the Purchase
      Price in cash, by delivering to the Company a bank draft or certified
      cheque payable to the Company at its principal office in the City of North
      Vancouver, British Columbia,
Canada.

            

    

     

    4.2                          
Effect of Exercise of
Warrants

     

    
      	
               
      

            	
              (a)

            	
              Upon
      surrender and payment as aforesaid the Common Shares so subscribed for
      will be deemed to have been issued and such person or persons will be
      deemed to have become the holder or holders of record of such Common
      Shares on the date of such
surrender.

            

    

     

    
      
        
        

      

      
        4

        
          

        

      

      
        
        

      

       

    

    
      	
               
      

            	
              (b)

            	
              Within
      ten (10) business days after surrender as aforesaid, the Company will
      forthwith cause to be delivered to the person or persons in whose name or
      names the Common Shares so subscribed for are to be issued as specified in
      such subscription or mailed to him or them at his or their respective
      addresses specified in such subscription, a certificate or certificates
      for the appropriate number of Common Shares not exceeding those which the
      Warrant Holder is entitled to acquire pursuant to the Warrant
      surrendered.

            

    

     

    4.3                          
Subscription for Less
Than Entitlement

     

    The Holder may subscribe for and
acquire a number of Common Shares, less than the number which he is entitled to
acquire pursuant to the surrendered Warrant.  In the event of any
acquisition of a number of Common Shares less than the number which can be
acquired pursuant to a Warrant, the Holder upon exercise will be entitled to
receive a new Warrant in respect of the balance of the Common Shares which he
was entitled to acquire pursuant to the surrendered Warrant and which were not
then acquired.

     

    4.4                          
Warrants for Fractions
of Shares

     

    To the extent that the Holder is
entitled to receive on the exercise or partial exercise a fraction of a Common
Share, such right may be exercised in respect of such fraction only in
combination with another Warrant or other Warrants which in the aggregate
entitle the Holder to receive a whole number of such Common Shares.

     

    4.5                          
Expiration of
Warrants

     

    After the expiration of the period
within which a Warrant is exercisable, all rights thereunder will wholly cease
and terminate and such Warrant will no longer be valid and of no
effect.

     

    4.6                          
Time of
Essence

     

    Time will be of the essence
hereof.

     

    4.7                          
Adjustments

     

    The number of Common Shares deliverable
upon the exercise of the Warrants will be subject to adjustment in the event and
in the manner following:

     

    
      	
               
      

            	
              (a)

            	
              if
      and whenever the Common Shares at any time outstanding are (i) subdivided
      into a greater number of Common Shares or the Company shall issue a stock
      dividend on the outstanding Common Shares, the number of Common Shares
      deliverable upon exercise of the Warrants will be proportionately
      increased and the Exercise Price will be proportionately decreased, or
      (ii) consolidated into a lesser number of Common Shares the number of
      Common Shares deliverable upon the exercise of the Warrants will be
      decreased proportionately and the Exercise Price will be proportionately
      increased;

            

    

     

    
      
        
        

      

      
        5

        
          

        

      

      
        
        

      

       

    

    
      	
               
      

            	
              (b)

            	
              (i)
      in case of any capital reorganization or of any reclassification of the
      capital of the Company or in the case of the consolidation, merger or
      amalgamation of the Company with or into any other Company (hereinafter
      collectively referred to as a "Reorganization"), each Warrant will after
      such Reorganization confer the right to acquire the number of shares or
      other securities of the Company (or of the Company resulting from such
      Reorganization) which the Warrant Holder would have been entitled to upon
      Reorganization if the Warrant Holder had been a shareholder at the time of
      such Reorganization;

            

    

     

    
      	
               
      

            	
              (ii)
      in any such case, if necessary, appropriate adjustments will be made in
      the application of the provisions of this Article 4 relating to the rights
      and interest thereafter of the holders of the Warrants so that the
      provisions of this Article 4 will be made applicable as nearly as
      reasonably possible to any shares or other securities deliverable after
      the Reorganization or the exercise of the
  Warrants;

            

    

     

    
      	
               
      

            	
              (iii)
      the subdivision or consolidation of Common Shares at any time outstanding
      into a greater or lesser number of Common Shares (whether with or without
      par value) will not be deemed to be a Reorganization for the purposes of
      this Section 4.7 (b);

            

    

     

    
      	
               
      

            	
              (c)

            	
              in
      the event that the Company shall, at any time while this Warrant is
      outstanding, issue or sell Common Shares, or securities convertible into
      Common Shares, without fair consideration then in each such case the
      Exercise Price shall be lowered to equal the price per Common Share
      received or receivable by the Company in connection with such issuance or
      sale.  The decision as to whether the Company has received fair
      consideration shall be made by the Company's Board of Directors acting
      reasonably; and

            

    

     

    
      	
               
      

            	
              (d)

            	
              the
      adjustments provided for in this Section 4.7 are cumulative and will
      become effective immediately after the record date for or, if a record
      date is fixed, the effective date of the event which results in such
      adjustments.

            

    

     

    4.8                          
Determination of
Adjustments

     

    If any questions will at any time arise
with respect to any adjustment provided for in Section 4.7, such question will
be conclusively determined by the Company's Auditor, or, if they decline to so
act any other firm of chartered accountants, in Vancouver, British Columbia,
that the Company may designate and who will have access to all appropriate
records and such determination will be binding upon the Company and the holders
of the Warrants.

     

    
      
        
        

      

      
        6

        
          

        

      

      
        
        

      

    

     

    ARTICLE
5

    COVENANTS BY THE
COMPANY

     

    5.1                          
Reservation of
Shares

     

    The Company will reserve and there will
remain unissued out of its authorized capital a sufficient number of Common
Shares to satisfy the rights provided for herein and in the Warrants should the
holders of all the Warrants from time to time outstanding determine to exercise
such rights in respect of all Common Shares which they are or may be entitled to
acquire pursuant thereto and hereto.

     

    5.2                          
Company May
Purchase

     

    The Company may from time to time offer
to purchase, for cancellation only, any Warrants in such manner, from such
persons and on such terms and conditions as it determines and if such offer is
accepted, then purchase such Warrants.

     

    ARTICLE
6

    WAIVER OF CERTAIN
RIGHTS

     

    6.1                          
Immunity of
Shareholders, Etc.

     

    The Warrant Holder, as part of the
consideration for the issue of the Warrants, waives and releases and will not
have any right, cause of action or remedy now or hereafter existing in any
jurisdiction against any past, present or future incorporator, shareholder,
director or officer (as such) of the Company for the issue of Common Shares
pursuant to any Warrant or on any covenant, agreement, representation or
warranty by the Company herein contained or in the Warrant.

     

    ARTICLE
7

    MODIFICATION OF TERMS,
MERGER, SUCCESSORS

     

    7.1                          
Modification of Terms
and Conditions for Certain Purposes

     

    From time to time the Company may,
subject to the provisions of these Terms and Conditions, modify the Terms and
Conditions hereof, for the purpose of correction or rectification of any
ambiguities, defective provisions, errors or omissions herein.

     

    
      
        
        

      

      
        7

        
          

        

      

      
        
        

      

    

     

    7.2                          
Transferability

     

    The Warrant and all rights attached to
it are not transferable or assignable.

     

    IN WITNESS
WHEREOF BRAINTECH, INC. has caused this Warrant to be signed by its duly
authorized officers under its corporate seal, and this Warrant to be dated as of
the date of issuance first above written.

     

    SIGNED
BY:

     

    BRAINTECH,
INC.

     

    

     

    Per:           ______________________________

     Authorized Signatory

     

    Dated as
of:     September 26, 2008

     

    
      
        
        

      

      
        8

        
          

        

      

      
        
        

      

    

    

    EXERCISE
FORM

     

    TO:           Braintech, Inc.

     

    The
undersigned hereby elects to purchase ________ Common Shares of Braintech, Inc.
pursuant to the terms of the attached Warrant (only if exercised in full), and
tenders herewith payment of the purchase price in full, together with all
applicable transfer taxes, if any.

     

    Please
issue a certificate or certificates representing said Common Shares in the name
of the undersigned or in such other name as is specified below:

     

    _______________________________

     

    _______________________________

    

    The Common
Shares shall be delivered to the following:

    

    _______________________________

     

    _______________________________

     

    _______________________________

    

     

    Accredited
Investor.  The undersigned is an “accredited investor” as
defined in Regulation D promulgated under the Securities Act of 1933, as
amended.

     

    The
undersigned acknowledges that the certificates representing the Common Shares
issuable hereunder shall bear such legends as may be required under applicable
securities law.

     

    DATED this
______ day of ______________________, _____.

     

     

    ______________________________________________________________________

    Signature

     

     

    ______________________________________________________________________

    (Print
full name)

    
 

    ______________________________________________________________________

    (Print
full address)

     

     

    Instructions:

    The
registered holder may exercise his right to acquire Common Shares by completing
the above form, surrendering the Warrant Certificate and (a) providing payment
by bank draft, money order or certified cheque to the Company at its principal
office in North Vancouver, British Columbia.  For the protection of
the holder, it would be prudent to register if forwarding by
mail.  Certificates for Common Shares will be delivered or mailed as
soon as practicable after the exercise of the Warrants.  The rights of
the registered holder cease if the Warrants are not exercised prior to 5:00 p.m.
(Vancouver time) on the Expiry Date.

     

     

    9ex4-4.htm

    Exhibit
4.4

    
      	
              ROSS
      MILLER

            	 
      	 
      
	
              Secretary
      of State

            	
              Filed
      in the office of

            	
              Document
      Number

            
	
              204
      North Carson Street, Ste 1

            	
              /s/
      Ross Miller

            	
              20080576939-19

            
	
              Carson
      City, Nevada 89701-4299

            	
              Ross
      Miller

            	
              Filed
      Date and Time

            
	
              (775)
      684-5708

            	
              Secretary
      of State

            	
              08/28/2008
      4:33 PM

            
	
              Website:
      www.nvsos.gov.biz

            	
              State
      of Nevada

            	
              Entity
      Number

            
	 
      	
               

            	C14364-2004

    

    

    
      
        
          	
                  AMENDMENT
      TO

                
	
                  CERTIFICATE
      OF DESIGNATION

                
	
                  AFTER
      ISSUANCE OF CLASS OR SERIES

                
	
                  (PURSUANT
      TO NRS 78.1955)

                

        

      

    

    

    USE BLACK
INK ONLY-DO NOT
HIGHLIGHT                                                                                               ABOVE
SPACE IS FOR OFFICE USE ONLY

    

    CERTIFICATE
OF AMENDMENT TO CERTIFICATE OF DESIGNATION

    FOR
NEVADA PROFIT CORPORATIONS

    (PURSUANT
TO NRS 78.1955 – AFTER ISSUANCES OF CLASS OR SERIES)

    

    1. NAME
OF CORPORATION:

    

    International
Building Technologies Group, Inc.

    

    2.
STOCKHOLDER APPROVAL PURSUANT TO STATUTE HAS BEEN OBTAINED.

    

    3. THE
CLASS OF CERIES OF STOCK BEING AMENDED:

    

    Series C
Preferred Stock

    

    4. BY
RESOLUTION ADOPTED BY THE BOARD OF DIRECTORS, THE CERTIFICATE OF DESIGNATION IS
BEING AMENDED AS FOLLOWS OR THE NEW CLASS OR SERIES IS:

    

    Series C
Preferred Stock previously designated and subsequently amended (see attachments
A &B) is to remain the same with the following changes and
deletions:

    

    b.
Authorized shares of Series C Preferred Stock: 3,000,000

    

    g.
Mandatory Redemption Rights: Upon written request from the Company, Holder
agrees to convert each Series C Preferred Stock to $2.00 worth of Company’s
Common Stock on a mandatory basis.

    

    h. DELETE
existing content

    

    h. INSERT
the following: Par Value $0.001

    

    5.
EFFECTIVE DATE OF FILING (OPTIONAL):

     (MUST
NOT BE LATER THAN 90 DAYS AFTER THE CERTIFICATE IS FILED)

    

    6.
OFFICER SIGNATURE (REQUIRED): X /s/ Peter
Chin

    

    FILING
FEE: $175.00

    IMPORTANT:
FAILURE TO INCLUDE ANY OF THE ABOVE INFORMATION AND SUBMIT THE PROPER FEES MAY
CAUSE THIS FILING TO BE REJECTED.

    

    THIS FORM
MUST BE ACCOMPANIED BY APPROPRIATE FEES.

    Nevada
Secretary of State NRS Amend Designation - After

    Revised
on. 7-1-08

    
      
         

      

      
         

        
          

        

      

      
         

      

    

    EXHIBIT
A

    DEAN
HELLER

    Secretary
of State

    204 North
Carson Street, Suite 1

    Carson
City, Nevada 89701-4299

    (775)
684-5708 Website: secretaryofstate.biz

    

    CERTIFICATE
OF DESIGNATION

    (Pursuant
to NRS 78.1955)

    

    CERTIFICATE
OF DESIGNATION

    FOR
NEVADA PROFIT CORPORATION

    (PURSUANT
TO NRS 78.1955)

    

    1.         NAME
OF CORPORATION

    

    Motorsports
Emporium, Inc.

    

    
      	
              2.

            	
              BY
      RESOLUTION OF THE BOARD OF DIRECTORS PURSUANT TO A PROVISION IN THE
      ARTICLES OF INCORPORATION.  THIS CERTIFICATE ESTABLISHES THE
      FOLLOWING REGARDING THE VOTING POWERS, DESIGNATIONS, PREFERENCES,
      LIMITATIONS, RESTRICTIONS AND RELATIVE RIGHTS OF THE FOLLOWING CLASS OR
      SERIES OF STOCK:

            

    

    

    a.        Designation:
Series C Preferred Stock

    

    b.        Authorized
Shares of Series C Preferred Stock Created hereby: 3,000,000

    

    c.        Liquidation
Rights: None

    

    d.        Dividend
Rights: None

    

    e.        Conversion
Rights: None

    

    f.        Voting
Rights: 3,000 votes per share on all matters submitted to a vote of
shareholders.

    

    g.        Mandatory
Redemption rights: None

    

    
      	
               
      

            	
              h.
      No Reissuance of Series C Preferred: No share of Series C Preferred Stock
      acquired by the Corporation in any manner shall ever be reissued and shall
      be cancelled, retired and eliminated from the shares of capital stock
      which the corporation shall be authorized to
  issue.

            

    

    

    3.           
EFFECTIVE DATE OF FILING (OPTIONAL):

    (must not
be later than 90 days after the certificate is filed)

    

    OFFICER
SIGNATURE:  /s/ David W Keaveney  President

    

    FILING
FEE:  $175.00

    

    IMPORTANT:
FAILURE TO INCLUDE ANY OF THE ABOVE INFORMATION AND SUBMIT THE PROPER FEES MAY
CAUSE THE FILINGS TO BE REJECTED.

    

    This form
must be accompanied by appropriate fees.

    

    Nevada
Secretary of State AM 78.1955 Designation

    2003

    Revised
on 09/28/05

    
      
         

      

      
         

        
          

        

      

      
         

      

    

    EXHIBIT
B

    
      
        	
                ROSS
      MILLER

              	 
      	 
      
	
                Secretary
      of State

              	
                Filed
      in the office of

              	
                Document
      Number

              
	
                204
      North Carson Street, Ste 1

              	
                /s/
      Ross Miller

              	
                20070838517-51

              
	
                Carson
      City, Nevada 89701-4299

              	
                Ross
      Miller

              	
                Filed
      Date and Time

              
	
                (775)
      684-5708

              	
                Secretary
      of State

              	
                12/10/2007
      2:35 PM

              
	
                Website:
      www.nvsos.gov.biz

              	
                State
      of Nevada

              	
                Entity
      Number

              
	 
      	
                 

              	      
                C14364-2004 

              

      

      
 

    

    
      	
              AMENDMENT
      TO

            
	
              CERTIFICATE
      OF DESIGNATION

            
	
              AFTER
      ISSUANCE OF CLASS OR SERIES

            
	
              (PURSUANT
      TO NRS 78.1955)

            

    

    

    USE BLACK
INK ONLY-DO NOT
HIGHLIGHT                                                                                               ABOVE
SPACE IS FOR OFFICE USE ONLY

    

    CERTIFICATE
OF AMENDMENT TO CERTIFICATE OF DESIGNATION

    FOR
NEVADA PROFIT CORPORATIONS

    (PURSUANT
TO NRS 78.1955 – AFTER ISSUANCES OF CLASS OR SERIES)

    

    1. NAME
OF CORPORATION:

    

    International
Building Technologies Group, Inc.

    

    2.
STOCKHOLDER APPROVAL PURSUANT TO STATUTE HAS BEEN OBTAINED.

    

    3. HE
CLASS OF CERIES OF STOCK BEING AMENDED:

    

    Series C
Preferred Stock

    

    4. BY
RESOLUTION ADOPTED BY THE BOARD OF DIRECTORS, THE CERTIFICATE OF DESIGNATION IS
BEING AMENDED AS FOLLOWS OR THE NEW CLASS OR SERIES IS:

    

    Everything
remains the same as the original filing of Preferred Stock Series C (see
attached Exhibit A) with the following amendments to Section 2 items b and
g:

     

    b.
Authorized Shares of Series C Preferred Stock: 1,000,000

     

    g.
Mandatory Redemption Rights: Upon written request from the Company, Holder
agrees to convert each Preferred Series C Stock to $5.00 worth of INBG Common
Stock on a mandatory basis.

    

    5.
EFFECTIVE DATE OF FILING (OPTIONAL):

    (MUST NOT
BE LATER THAN 90 DAYS AFTER THE CERTIFICATE IS FILED)

    

    6.
OFFICER SIGNATURE (REQUIRED): X /s/ Peter
Chin

    

    FILING
FEE: $175.00

    IMPORTANT:
FAILURE TO INCLUDE ANY OF THE ABOVE INFORMATION AND SUBMIT THE PROPER FEES MAY
CAUSE THIS FILING TO BE REJECTED.

    

    THIS FORM
MUST BE ACCOMPANIED BY APPROPRIATE FEES.

    

    Nevada
Secretary of State AM 78.1955 After Issue 2007

    Revised
on. 01/01/07

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00149-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00149-of-00352.parquet"}]]