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Collection: Original Records > Articles of Incorporation

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

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such shares at the price and on the terms stated in the notice. Bach such offer shall be accompanied by the purchase price therefor with authorization to pay such price against delivery of the shares. (b) If the total number of shares specified in the offers to purchase exceads the number of shares to be gold or transferred, each offering shareholder shall be entitled to purchase such proportion of such shares as the number of shares of the corporation which he holds bears to the cova number of shares held by all the shareholders desixing to purchase the shares. (c) If all the shares to be sold or transforred are not disposed of under such apportionment, each shareholder desiring to purchase shares in a number in excess of his proportionate share, as provided above, shall be entitled to purchase such proportion of those shares which remain thus undisposed of, as the total number of shares which he*‘holds bears to the total number of shares held by all of the shareholders desiring to purchase shares in excess of those to which they are entitled under such apportionment. (4) If within said 15 day period, the offer or offers to purchase aggreyate less than the number of shares to be sold or transferred, the shareholder desiring to sell or transfer such shares shall not be obligated to accept any such offer or offers and may dispose of all of the shares referred to in his notice to any person or persons whomsoever, proviaued, however, that he shall not seii or transfer such shares at a lower orice or on terms more favorable to the purchaser or transferea than those specified in his notice to the Secretary of the corporation. SEVENTH: Each shareholder of this corporation shall be.