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Collection: Original Records > Articles of Incorporation

Holbury International, Inc (AI-H082)(1972) (7 pages)

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SIXTH: Before there can be a valid sale or transfer of the shares of the corporation by any holder thereof, such holder shall first offer said shares to the corporation and then to the other holders of common shares in the following manner: (a) Such offering sliavehotder shall deliver a notice in writing by mail or otherwise to the Secretary of the corporation stating the price, terms, and conditions of such proposed sale or transfer, the number of shares to be sold or transferred, and his 4 intention to so sell or transfer such shares. Within ten (10) days thereafter, the corporation shall have the prior right to \ purchase such shares so offered at the price and on the terms and conditions stated in the notice, provided, however, that the corporation shall not at any time be permitted to purchase all of its outstanding voting shares. Should the corporation fail to purchase the shares at the expiration of the 10 day period, or prior thereto decline to purchase the shares, the Secretary of the corporation shall, within five days thereafter, mail or deliver to each of the other shareholders of record a copy of the notice given by the sharcholder to the Secretary. Such notice may be delivered to the shareholders personally, or may be mailed to them at their last known address as such address may appear on the books of the corporation. Within 15 days after the mailing or delivering of the copies of the orders to the shareholders, any such shareholder or . shareholders desiring to acquire any part or all of the shares referred to in the notice shall deliver by mail, or otherwise, to the Secretary of the corporation a written offer or offers, expressed to be acceptable immediately, to purchase a specified number of Q.