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<SEC-DOCUMENT>0001275287-06-003136.txt : 20060606
<SEC-HEADER>0001275287-06-003136.hdr.sgml : 20060606
<ACCEPTANCE-DATETIME>20060606171815
ACCESSION NUMBER:		0001275287-06-003136
CONFORMED SUBMISSION TYPE:	8-A12B
PUBLIC DOCUMENT COUNT:		2
FILED AS OF DATE:		20060606
DATE AS OF CHANGE:		20060606

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			CHINA BAK BATTERY INC
		CENTRAL INDEX KEY:			0001117171
		STANDARD INDUSTRIAL CLASSIFICATION:	MISCELLANEOUS ELECTRICAL MACHINERY, EQUIPMENT & SUPPLIES [3690]
		IRS NUMBER:				880442833
		STATE OF INCORPORATION:			NV
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		8-A12B
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-32898
		FILM NUMBER:		06889946

	BUSINESS ADDRESS:	
		STREET 1:		BAK INDUSTRIAL PARK, NO. 1 BAK STREET
		STREET 2:		KUICHONG TOWN, LONGGANG DISTRICT
		CITY:			SHENZHEN PEOPLE
		STATE:			F4
		ZIP:			518119
		BUSINESS PHONE:		86-755-8977-0093

	MAIL ADDRESS:	
		STREET 1:		BAK INDUSTRIAL PARK, NO. 1 BAK STREET
		STREET 2:		KUICHONG TOWN, LONGGANG DISTRICT
		CITY:			SHENZHEN PEOPLE
		STATE:			F4
		ZIP:			518119

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	MEDINA COFFEE INC
		DATE OF NAME CHANGE:	20000626
</SEC-HEADER>
<DOCUMENT>
<TYPE>8-A12B
<SEQUENCE>1
<FILENAME>cb6042.htm
<DESCRIPTION>FORM 8-A12B
<TEXT>
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<p  align="center"><font size="5" face="Times New Roman"><b>UNITED STATES<br> SECURITIES AND EXCHANGE COMMISSION<br> </b></font>
<font size="3"><b>Washington, D.C. 20549</b></font></p>
<p  align="center">
<font size="5" face="Times New Roman"><b>FORM 8-A</b></font></p>
<p  align="center">
<font size="3" face="Times New Roman"><b>FOR REGISTRATION OF CERTAIN CLASSES OF SECURITIES<br> PURSUANT TO SECTION 12(b) OR (g) OF THE<br> SECURITIES EXCHANGE ACT OF 1934</b></font></p>
<p  align="center">
<font size="6" face="Times New Roman"><b>CHINA BAK BATTERY, INC.</b><br> </font><font size="2" face="Times New Roman"><i>(Exact name of registrant as specified in its charter)</i></font></p>
<table align="center"  border="0" style="border-collapse:collapse" cellspacing="0"  cellpadding="0"  width="100%">

 <tr>
  <td width="45%" valign="top">
  <p  align="center">
<font size="2" face="Times New Roman"><b>Nevada</b></font></p>  </td>
  <td width="10%" valign="top">
  <p  align="center"><font size=1 face="Times New Roman">&nbsp;</font></p> </td>
  <td width="45%" valign="top">
  <p  align="center">
<font size="2" face="Times New Roman"><b>86-0442833</b></font></p>  </td>
 </tr>
 <tr>
  <td  valign="top">
  <p  align="center">
<font size="2" face="Times New Roman"><i>(State of Incorporation or Organization)</i></font></p>  </td>
  <td  valign="top">
  <p  align="center"><font size=1 face="Times New Roman">&nbsp;</font></p> </td>
  <td  valign="top">
  <p  align="center">
<font size="2" face="Times New Roman"><i>(I.R.S. Employer Identification No.)</i></font></p>  </td>
 </tr>
 <tr>
  <td  valign="top">
  <p  align="center"><font size=1 face="Times New Roman">&nbsp;</font></p> </td>
  <td  valign="top">
  <p  align="center"><font size=1 face="Times New Roman">&nbsp;</font></p> </td>
  <td  valign="top">
  <p  align="center"><font size=1 face="Times New Roman">&nbsp;</font></p> </td>
 </tr>
 <tr>
  <td  valign="top">
  <p  align="center">
<font size="2" face="Times New Roman"><b>BAK Industrial Park, No. 1 BAK   Street </b></font></p>  </td>
  <td  valign="top">
  <p  align="center"><font size=1 face="Times New Roman">&nbsp;</font></p> </td>
  <td  valign="top">
  <p  align="center"><font size=1 face="Times New Roman">&nbsp;</font></p> </td>
 </tr>
 <tr>
  <td  valign="top">
  <p  align="center"><font size="2" face="Times New Roman"><b>Kuichong Town, Longgang District</b></font></p>  </td>
  <td  valign="top">
  <p  align="center"><font size=1 face="Times New Roman">&nbsp;</font></p> </td>
  <td  valign="top">
  <p  align="center"><font size=1 face="Times New Roman">&nbsp;</font></p> </td>
 </tr>
 <tr>
  <td  valign="top">
  <p  align="center">
<font size="2" face="Times New Roman"><b>Shenzhen, Peoples Republic of China</b></font></p>  </td>
  <td  valign="top">
  <p  align="center"><font size=1 face="Times New Roman">&nbsp;</font></p> </td>
  <td  valign="top">
  <p  align="center">
<font size="2" face="Times New Roman"><b>518119</b></font></p>  </td>
 </tr>
 <tr>
  <td  valign="top">
  <p  align="center">
<font size="2" face="Times New Roman"><i>(Address of Principal Executive Offices)</i></font></p>  </td>
  <td  valign="top">
  <p  align="center"><font size=1 face="Times New Roman">&nbsp;</font></p> </td>
  <td  valign="top">
  <p  align="center">
<font size="2" face="Times New Roman"><i>(Zip Code)</i></font></p>  </td>
 </tr>
 <tr>
  <td  valign="top">
  <p  align="center"><font size=1 face="Times New Roman">&nbsp;</font></p> </td>
  <td  valign="top">
  <p  align="center"><font size=1 face="Times New Roman">&nbsp;</font></p> </td>
  <td  valign="top">
  <p  align="center"><font size=1 face="Times New Roman">&nbsp;</font></p> </td>
 </tr>
 <tr>
  <td  colspan="2" valign="top">
  <p  align="center">
<font size="2" face="Times New Roman">Securities to be registered   pursuant to Section 12(b) of the Act:</font></p>  </td>
  <td  valign="top">
  <p  align="center"><font size=1 face="Times New Roman">&nbsp;</font></p> </td>
 </tr>
 <tr>
  <td  colspan="2" valign="top">
  <p  align="center"><font size=1 face="Times New Roman">&nbsp;</font></p> </td>
  <td  valign="top">
  <p  align="center"><font size=1 face="Times New Roman">&nbsp;</font></p> </td>
 </tr>
 <tr>
  <td  valign="top">
  <p  align="center">
<font size="2" face="Times New Roman">Title of each class</font></p>  </td>
  <td  valign="top">
  <p  align="center"><font size=1 face="Times New Roman">&nbsp;</font></p> </td>
  <td  valign="top">
  <p  align="center">
<font size="2" face="Times New Roman">Name of each exchange on which</font></p>  </td>
 </tr>
 <tr>
  <td  valign="top">
  <p  align="center">
<font size="2" face="Times New Roman">to be so registered</font></p>  </td>
  <td  valign="top">
  <p  align="center"><font size=1 face="Times New Roman">&nbsp;</font></p> </td>
  <td  valign="top">
  <p  align="center">
<font size="2" face="Times New Roman">each class is to be registered</font></p>  </td>
 </tr>
 <tr>
  <td  valign="top">
  <p  align="center"><font size=1 face="Times New Roman">&nbsp;</font></p> </td>
  <td  valign="top">
  <p  align="center"><font size=1 face="Times New Roman">&nbsp;</font></p> </td>
  <td  valign="top">
  <p  align="center"><font size=1 face="Times New Roman">&nbsp;</font></p> </td>
 </tr>
 <tr>
  <td  valign="top">
  <p  align="center"><font size="2" face="Times New Roman"><b>Common Stock, par value $0.001 per   share</b></font></p>  </td>
  <td  valign="top">
  <p  align="center"><font size=1 face="Times New Roman">&nbsp;</font></p> </td>
  <td  valign="top">
  <p  align="center">
<font size="2" face="Times New Roman"><b>The NASDAQ National Market</b></font></p>  </td>
 </tr>
</table>

<p>
<font size="2" face="Times New Roman">If this form relates to the registration of a class of securities pursuant to Section 12(b) of the Exchange Act and is effective pursuant to General Instruction A.(c), check the following box.&nbsp;&nbsp;</font>
<font size="2" face="Wingdings">x</font></p>
<p>
<font size="2" face="Times New Roman">If this form relates to the registration of a class of securities pursuant to Section 12(g) of the Exchange Act and is effective pursuant to General Instruction A.(d), please check the following box.&nbsp;&nbsp;</font>
<font size="2" face="Wingdings">o</font></p>
<p>
<font size="2" face="Times New Roman">Securities Act registration statement file number to which this form relates:&#160; </font></p>
<p>
<font size="2" face="Times New Roman">Securities to be registered pursuant to Section 12(g) of the Act:&#160; <b>None.</b></font></p>

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<div style="page-break-before:always"></div>
<PAGE>
<br>

<p  align="center">
<font size="2" face="Times New Roman"><b>INFORMATION REQUIRED IN REGISTRATION STATEMENT</b></font></p>
<table align="center"  border="0" style="border-collapse:collapse" cellspacing="0"  cellpadding="0"  width="100%">

 <tr>
  <td width="7%" valign="bottom">
  <p>
<font size="2" face="Times New Roman"><b>Item   1.</b></font></p>  </td>
  <td width="93%" valign="bottom">
  <p>
<font size="2" face="Times New Roman"><b>Description   of Registrant&#146;s Securities to be Registered.</b></font></p>  </td>
 </tr>
</table>

<p>
<font size="2" face="Times New Roman">
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;China BAK Battery,
Inc., a Nevada corporation, is registering pursuant to Section 12(b) of the
Securities Exchange Act of 1934 its class of common stock, par value $0.001 per
share. </font></p>

<p><font size="2" face="Times New Roman">
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Each outstanding
share of common stock entitles the holder thereof to one vote per share on all
matters coming before the shareholders for a vote. Our Articles of Incorporation
do not permit cumulative voting for the election of directors, which means that
the holders of more than 50% of such outstanding shares voting for the election
of directors can elect all of the directors to be elected, if they so choose; in
such event, the holders of the remaining shares will not be able to elect any of
our directors. We do not have a classified board of directors. Under Nevada law,
for an action by the stockholders of a corporation on a matter, other than the
election of directors, to be approved, the number of votes cast in favor of the
action must exceed the number of votes cast in opposition to the action, except
that amendments to the Articles of Incorporation, approvals of mergers,
conversions to which the corporation is a party, and exchanges of securities of
the corporation for another entity&#146;s securities must be approved by a vote
of the holders of a majority of the outstanding shares of common stock and the
approval by the stockholders of a resident domestic corporation of a combination with an interested stockholder
must be approved by a vote of the holders of a majority of the outstanding
shares of common stock not beneficially owned by the interested stockholder
proposing the combination.&#160; The directors of a Nevada corporation are
elected at the annual meeting of the stockholders by a plurality of the votes
cast at the election. </font></p>
<p>
<font size="2" face="Times New Roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Holders of shares of our common stock do not have preemptive rights to purchase shares in any future issuance of our common or other capital stock. </font></p>
<p>
<font size="2" face="Times New Roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;If the consideration for which shares of our common stock were authorized to be issued has been paid to us for such shares, then such shares of our common stock will be fully paid and the holder of such shares will not be subject to assessment or other liability as a result of the holder&#146;s ownership of such shares of our common stock.</font></p>
<p>
<font size="2" face="Times New Roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The holders of shares of our common stock are entitled to payment of dividends out of funds legally available when and as such dividends are declared by our board of directors. Our operations are conducted through wholly owned direct and indirect subsidiaries (the &#147;Subsidiaries&#148;) organized and located in the People&#146;s Republic of China (the &#147;PRC&#148;). PRC regulations currently permit the payment of dividends only out of accumulated profits as determined in accordance with PRC accounting standards and regulations. Each of our Subsidiaries is required to set aside a portion of its after-tax profits according to PRC accounting standards and regulations to fund certain reserve funds. If our Subsidiaries do not accumulate sufficient profits under PRC accounting standards and regulations to first fund certain reserve funds as required by PRC accounting standards, such Subsidiaries will be
unable to pay dividends to us and we, in turn, will be unable to pay any dividends. Furthermore, any restrictions imposed on the expatriation of any currency out of the PRC by PRC-based companies would adversely affect our ability to pay dividends. In the event of our liquidation, dissolution or winding up, holders of shares of our common stock are entitled to receive, ratably, the net assets available to stockholders after payment of all creditors.</font></p>

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 <tr>
  <td width="7%" valign="top">
  <p style="margin-left:1em; text-indent:-1em">
<font size="2" face="Times New Roman"><b>Item   2.</b></font></p>  </td>
  <td width="10%" valign="top">
  <p style="margin-left:1em; text-indent:-1em">
<font size="2" face="Times New Roman"><b>Exhibits.</b></font></p>  </td>
  <td width="2%" valign="top">
  <p>
<font size="1" face="Times New Roman">&nbsp;</font></p>  </td>
  <td width="81%" valign="top">
  <p>
<font size="1" face="Times New Roman">&nbsp;</font></p>  </td>
 </tr>
 <tr>
  <td  valign="top">
  <p style="margin-left:1em; text-indent:-1em">
<font size="1" face="Times New Roman">&nbsp;</font></p>  </td>
  <td  valign="top">
  <p style="margin-left:1em; text-indent:-1em">
<font size="1" face="Times New Roman">&nbsp;</font></p>  </td>
  <td  valign="top">
  <p>
<font size="1" face="Times New Roman">&nbsp;</font></p>  </td>
  <td  valign="top">
  <p>
<font size="1" face="Times New Roman">&nbsp;</font></p>  </td>
 </tr>
 <tr>
  <td  valign="top">
  <p style="margin-left:1em; text-indent:-1em">
<font size="1" face="Times New Roman">&nbsp;</font></p>  </td>
  <td  valign="top">
  <p  align="center">
<font size="1" face="Times New Roman"><b>Exhibit No.</b></font></p>  </td>
  <td  valign="top">
  <p>
<font size="1" face="Times New Roman">&nbsp;</font></p>  </td>
  <td  valign="top">
  <p>
<font size="1" face="Times New Roman"><b>Description</b></font></p>  </td>
 </tr>
 <tr>
  <td  valign="top">
  <p style="margin-left:1em; text-indent:-1em">
<font size="1" face="Times New Roman">&nbsp;</font></p>  </td>
  <td  valign="top">
  <hr size="1" width="100%" noshade color=black>

  </td>
  <td  valign="top">
  <p>
<font size="1" face="Times New Roman">&nbsp;</font></p>  </td>
  <td  valign="top">
  <hr size="1" width="100%" noshade color=black>

  </td>
 </tr>
 <tr>
  <td  valign="top">
  <p style="margin-left:1em; text-indent:-1em">
<font size="1" face="Times New Roman">&nbsp;</font></p>  </td>
  <td  valign="top">
  <p  align="center">
<font size="2" face="Times New Roman">1</font></p>  </td>
  <td  valign="top">
  <p>
<font size="1" face="Times New Roman">&nbsp;</font></p>  </td>
  <td  valign="top">
  <p>
<font size="2" face="Times New Roman">Articles of Incorporation of the Registrant   (incorporated by reference to Exhibit 3.1 to Registration Statement on Form   SB-1 (File No. 333-41124) filed with the Commission on July 10, 2000).</font></p>  </td>
 </tr>
 <tr>
  <td  valign="top">
  <p style="margin-left:1em; text-indent:-1em"><font size="1" face="Times New Roman">&nbsp;</font></p>  </td>
  <td  valign="top">
  <p  align="center">
<font size="2" face="Times New Roman">2</font></p>  </td>
  <td  valign="top">
  <p>
<font size="1" face="Times New Roman">&nbsp;</font></p>  </td>
  <td  valign="top">
  <p>
<font size="2" face="Times New Roman">Articles of Amendment of the Registrant   (incorporated by reference to Exhibit 3.2 to Registration Statement on Form   SB-1 (File No. 333-41124) filed with the Commission on July 10, 2000).</font></p>  </td>
 </tr>
 <tr>
  <td  valign="top">
  <p style="margin-left:1em; text-indent:-1em">
<font size="1" face="Times New Roman">&nbsp;</font></p>  </td>
  <td  valign="top">
  <p  align="center">
<font size="2" face="Times New Roman">3</font></p>  </td>
  <td  valign="top">
  <p>
<font size="1" face="Times New Roman">&nbsp;</font></p>  </td>
  <td  valign="top">
  <p>
<font size="2" face="Times New Roman">Bylaws of the Registrant.</font></p> </td>
 </tr>
 <tr>
  <td  valign="top">
  <p style="margin-left:1em; text-indent:-1em">
<font size="1" face="Times New Roman">&nbsp;</font></p>  </td>
  <td  valign="top">
  <p  align="center">
<font size="2" face="Times New Roman">4</font></p>  </td>
  <td  valign="top">
  <p>
<font size="1" face="Times New Roman">&nbsp;</font></p>  </td>
  <td  valign="top">
  <p>
<font size="2" face="Times New Roman">
Common Stock Specimen, $0.001 par value (incorporated by reference to Exhibit
4.1 to Registrant&#146;s Registration Statement on the Form SB-2 (File No.
333-130247 filed with the Commission on December&nbsp;9,&nbsp;2005).</font></p> </td>
 </tr>
</table>

<p  align="center">
<font size="2" face="Times New Roman">2</font></p>

<hr size="1" width="100%" noshade color=black>
<div style="page-break-before:always"></div>
<PAGE>
<br>

<p  align="center">
<font size="2" face="Times New Roman"><b>SIGNATURE</b></font></p>
<p>
<font size="2" face="Times New Roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Pursuant to the requirements of Section 12 of the Securities Exchange Act of 1934, as amended, the registrant has duly caused this Registration Statement to be signed on its behalf by the undersigned, thereto duly authorized.</font></p>
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  <td width="60%" valign="top">
  <p>
<font size="2" face="Times New Roman">Dated:&nbsp;&nbsp;May 31, 2006</font></p>  </td>
  <td width="4%" valign="top">
  <p>
<font size="1" face="Times New Roman">&nbsp;</font></p>  </td>
  <td width="36%" valign="bottom">
  <p>
<font size="1" face="Times New Roman">&nbsp;</font></p>  </td>
 </tr>
 <tr>
  <td  valign="top">
  <p>
<font size="1" face="Times New Roman">&nbsp;</font></p>  </td>
  <td  valign="top">
  <p>
<font size="1" face="Times New Roman">&nbsp;</font></p>  </td>
  <td  valign="bottom">
  <p>
<font size="1" face="Times New Roman">&nbsp;</font></p>  </td>
 </tr>
 <tr>
  <td  valign="top">
  <p>
<font size="1" face="Times New Roman">&nbsp;</font></p>  </td>
  <td  valign="top">
  <p>
<font size="1" face="Times New Roman">&nbsp;</font></p>  </td>
  <td  valign="bottom">
  <p>
<font size="1" face="Times New Roman">&nbsp;</font></p>  </td>
 </tr>
 <tr>
  <td  valign="top">
  <p>
<font size="1" face="Times New Roman">&nbsp;</font></p>  </td>
  <td  colspan="2" valign="top">
  <p>
<font size="2" face="Times New Roman"><b>CHINA   BAK BATTERY, INC.</b></font></p>  </td>
 </tr>
 <tr>
  <td  valign="top">
  <p>
<font size="1" face="Times New Roman">&nbsp;</font></p>  </td>
  <td  colspan="2" valign="top">
  <p>
<font size="1" face="Times New Roman">&nbsp;</font></p>  </td>
 </tr>
 <tr>
  <td  valign="top">
  <p>
<font size="1" face="Times New Roman">&nbsp;</font></p>  </td>
  <td  colspan="2" valign="top">
  <p>
<font size="1" face="Times New Roman">&nbsp;</font></p>  </td>
 </tr>
 <tr>
  <td  valign="top">
  <p>
<font size="1" face="Times New Roman">&nbsp;</font></p>  </td>
  <td  valign="top">
  <p>
<font size="2" face="Times New Roman">By:</font></p>  </td>
  <td  valign="bottom">
  <p>
<font size="2" face="Times New Roman">/s/ Yongbin Han</font></p>  </td>
 </tr>
 <tr>
  <td  valign="top">
  <p>
<font size="1" face="Times New Roman">&nbsp;</font></p>  </td>
  <td  valign="top">
  <p>
<font size="1" face="Times New Roman">&nbsp;</font></p>  </td>
  <td  valign="bottom">
  <hr size="1" width="100%" noshade color=black>

  </td>
 </tr>
 <tr>
  <td  valign="top">
  <p><font size="1" face="Times New Roman">&nbsp;</font></p>  </td>
  <td  valign="top">
  <p>
<font size="1" face="Times New Roman">&nbsp;</font></p>  </td>
  <td  valign="bottom">
  <p>
<font size="2" face="Times New Roman">Yongbin Han</font></p>  </td>
 </tr>
 <tr>
  <td  valign="top">
  <p>
<font size="1" face="Times New Roman">&nbsp;</font></p>  </td>
  <td  valign="top">
  <p>
<font size="1" face="Times New Roman">&nbsp;</font></p>  </td>
  <td  valign="bottom">
  <p>
<font size="2" face="Times New Roman">Chief Financial Officer</font></p>  </td>
 </tr>
</table>

<p  align="center">
<font size="2" face="Times New Roman">3</font></p>

<hr size="1" width="100%" noshade color=black>
<div style="page-break-before:always"></div>
<PAGE>
<br>

<p  align="center">
<font size="2" face="Times New Roman"><b>EXHIBIT INDEX</b></font></p>
<table align="center"  border="0" style="border-collapse:collapse" cellspacing="0"  cellpadding="0"  width="100%">

 <tr>
  <td width="10%" valign="top">
  <p  align="center">
<font size="1" face="Times New Roman"><b>Exhibit No.</b></font></p>  </td>
  <td width="2%" valign="top">
  <p>
<font size="1" face="Times New Roman">&nbsp;</font></p>  </td>
  <td width="88%" valign="top">
  <p>
<font size="1" face="Times New Roman"><b>Description</b></font></p>  </td>
 </tr>
 <tr>
  <td  valign="top">
  <hr size="1" width="100%" noshade color=black>

  </td>
  <td  valign="top">
  <p>
<font size="1" face="Times New Roman">&nbsp;</font></p>  </td>
  <td  valign="top">
  <hr size="1" width="100%" noshade color=black>

  </td>
 </tr>
 <tr>
  <td  valign="top">
  <p  align="center">
<font size="2" face="Times New Roman">1</font></p>  </td>
  <td  valign="top">
  <p>
<font size="1" face="Times New Roman">&nbsp;</font></p>  </td>
  <td  valign="top">
  <p>
<font size="2" face="Times New Roman">Articles of Incorporation of the Registrant   (incorporated by reference to Exhibit 3.1 to Registration Statement on Form   SB-1 (File No. 333-41124) filed with the Commission on July 10, 2000).</font></p>  </td>
 </tr>
 <tr>
  <td  valign="top">
  <p  align="center"><font size="2" face="Times New Roman">2</font></p>  </td>
  <td  valign="top">
  <p><font size="1" face="Times New Roman">&nbsp;</font></p>  </td>
  <td  valign="top">
  <p><font size="2" face="Times New Roman">Articles of Amendment of the Registrant   (incorporated by reference to Exhibit 3.2 to Registration Statement on Form   SB-1 (File No. 333-41124) filed with the Commission on July 10, 2000).</font></p>  </td>
 </tr>
 <tr>
  <td  valign="top">
  <p  align="center"><font size="2" face="Times New Roman">3</font></p>  </td>
  <td  valign="top">
  <p><font size="1" face="Times New Roman">&nbsp;</font></p>  </td>
  <td  valign="top">
<p><font size="2" face="Times New Roman"><a href="cb6042ex3.htm">Bylaws of
the Registrant.</a></font></p> </td>
 </tr>
 <tr>
  <td  valign="top">
  <p  align="center"><font size="2" face="Times New Roman">4</font></p>  </td>
  <td  valign="top">
  <p><font size="1" face="Times New Roman">&nbsp;</font></p>  </td>
  <td  valign="top">
  <p><font size="2" face="Times New Roman">
Common Stock Specimen, $0.001 par value (incorporated by reference to Exhibit
4.1 to Registrant&#146;s Registration Statement on the Form SB-2 (File No.
333-130247 filed with the Commission on December&nbsp;9,&nbsp;2005).</font></p> </td>
 </tr>
</table>

<BR>


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</html>
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</DOCUMENT>
<DOCUMENT>
<TYPE>EX-3
<SEQUENCE>2
<FILENAME>cb6042ex3.htm
<DESCRIPTION>EXHIBIT 3
<TEXT>
<html>

<head>
<title></title>
</head>

<body bgcolor="white">



<p  align="right">
<font size="2" face="Times New Roman"><b>Exhibit 3</b></font></p>
<p  align="center"><font size="2" face="Times New Roman"> BYLAWS</font></p>
<p  align="center">
<font size="2" face="Times New Roman">OF</font></p>
<p  align="center">
<font size="2" face="Times New Roman">CHINA BAK BATTERY, INC.<br>
(as amended to reflect the name change on February 14, 2005.) </font></p>
<p  align="center">
<font size="2" face="Times New Roman">AS AMENDED AND RESTATED JANUARY 20, 2005<br>
AS FURTHER AMENDED MAY 15, 2006</font></p>
<hr size="1" width="100%" noshade color=black>
<div style="page-break-before:always"></div>
<PAGE>
<br>

<p  align="center">
<font size="2" face="Times New Roman">TABLE OF CONTENTS</font></p>
<table align="center"  border="0" style="border-collapse:collapse" cellspacing="0"  cellpadding="0"  width="100%">

 <tr>
  <td  colspan="4"  valign="top">
  <p style="margin-left:1em; text-indent:-1em">
<font size="2" face="Times New Roman">ARTICLE I</font></p>  </td>
  <td  valign="top">
  <p align="right" style="margin-left:1em; text-indent:-1em">
<font size="2" face="Times New Roman">1</font></p>  </td>
 </tr>
 <tr>
  <td  colspan="4"  valign="top">
  <p style="margin-left:1em; text-indent:-1em">
<font size="1" face="Times New Roman">&nbsp;</font></p>  </td>
  <td  valign="top">
  <p style="margin-left:1em; text-indent:-1em"><font size=1 face="Times New Roman">&nbsp;</font></p> </td>
 </tr>
 <tr>
  <td  valign="top">
  <p style="margin-left:1em; text-indent:-1em">
<font size="1" face="Times New Roman">&nbsp;</font></p>  </td>
  <td  colspan="3"  valign="top">
  <p style="margin-left:1em; text-indent:-1em">
<font size="2" face="Times New Roman">OFFICES</font></p>  </td>
  <td  valign="top">
  <p  align=right>
<font size="2" face="Times New Roman">1</font></p>  </td>
 </tr>
 <tr>
  <td  valign="top">
  <p style="margin-left:1em; text-indent:-1em">
<font size="1" face="Times New Roman">&nbsp;</font></p>  </td>
  <td  colspan="3"  valign="top">
  <p style="margin-left:1em; text-indent:-1em">
<font size="1" face="Times New Roman">&nbsp;</font></p>  </td>
  <td  valign="top">
  <p  align=right><font size=1 face="Times New Roman">&nbsp;</font></p> </td>
 </tr>
 <tr>
  <td width="5%" valign="top">
  <p style="margin-left:1em; text-indent:-1em">
<font size="1" face="Times New Roman">&nbsp;</font></p>  </td>
  <td width="5%" valign="top">
  <p style="margin-left:1em; text-indent:-1em">
<font size="1" face="Times New Roman">&nbsp;</font></p>  </td>
  <td width="15%" valign="top">
  <p>
<font size="2" face="Times New Roman">Section 1.1</font></p>  </td>
  <td width="70%" valign="top">
  <p>
<font size="2" face="Times New Roman">Registered   Office</font></p>  </td>
  <td width="5%" valign="top">
  <p  align=right>
<font size="2" face="Times New Roman">1</font></p>  </td>
 </tr>
 <tr>
  <td  valign="top">
  <p style="margin-left:1em; text-indent:-1em"><font size="1" face="Times New Roman">&nbsp;</font></p>  </td>
  <td  valign="top">
  <p style="margin-left:1em; text-indent:-1em">
<font size="1" face="Times New Roman">&nbsp;</font></p>  </td>
  <td  valign="top">
  <p>
<font size="1" face="Times New Roman">&nbsp;</font></p>  </td>
  <td  valign="top">
  <p>
<font size="1" face="Times New Roman">&nbsp;</font></p>  </td>
  <td  valign="top">
  <p  align=right><font size=1 face="Times New Roman">&nbsp;</font></p> </td>
 </tr>
 <tr>
  <td  valign="top">
  <p style="margin-left:1em; text-indent:-1em">
<font size="1" face="Times New Roman">&nbsp;</font></p>  </td>
  <td  valign="top">
  <p style="margin-left:1em; text-indent:-1em">
<font size="1" face="Times New Roman">&nbsp;</font></p>  </td>
  <td  valign="top">
  <p>
<font size="2" face="Times New Roman">Section 1.2</font></p>  </td>
  <td  valign="top">
  <p>
<font size="2" face="Times New Roman">Other   Offices</font></p>  </td>
  <td  valign="top">
  <p  align=right>
<font size="2" face="Times New Roman">1</font></p>  </td>
 </tr>
 <tr>
  <td  valign="top">
  <p style="margin-left:1em; text-indent:-1em">
<font size="1" face="Times New Roman">&nbsp;</font></p>  </td>
  <td  valign="top">
  <p style="margin-left:1em; text-indent:-1em">
<font size="1" face="Times New Roman">&nbsp;</font></p>  </td>
  <td  valign="top">
  <p>
<font size="1" face="Times New Roman">&nbsp;</font></p>  </td>
  <td  valign="top">
  <p>
<font size="1" face="Times New Roman">&nbsp;</font></p>  </td>
  <td  valign="top">
  <p  align=right><font size=1 face="Times New Roman">&nbsp;</font></p> </td>
 </tr>
 <tr>
  <td  colspan="4"  valign="top">
  <p style="margin-left:1em; text-indent:-1em">
<font size="2" face="Times New Roman">ARTICLE II</font></p>  </td>
  <td  valign="top">
   <p  align=right>
<font size="2" face="Times New Roman">1</font></p></td>
 </tr>
 <tr>
  <td  colspan="4"  valign="top">
  <p style="margin-left:1em; text-indent:-1em">
<font size="1" face="Times New Roman">&nbsp;</font></p>  </td>
  <td  valign="top">
  <p style="margin-left:1em; text-indent:-1em"><font size=1 face="Times New Roman">&nbsp;</font></p> </td>
 </tr>
 <tr>
  <td  valign="top">
  <p style="margin-left:1em; text-indent:-1em">
<font size="1" face="Times New Roman">&nbsp;</font></p>  </td>
  <td  colspan="3"  valign="top">
  <p style="margin-left:1em; text-indent:-1em">
<font size="2" face="Times New Roman">SHAREHOLDERS</font></p>  </td>
  <td  valign="top">
   <p  align=right>
<font size="2" face="Times New Roman">1</font></p> </td>
 </tr>
 <tr>
  <td  valign="top">
  <p style="margin-left:1em; text-indent:-1em">
<font size="1" face="Times New Roman">&nbsp;</font></p>  </td>
  <td  colspan="3"  valign="top">
  <p style="margin-left:1em; text-indent:-1em">
<font size="1" face="Times New Roman">&nbsp;</font></p>  </td>
  <td  valign="top">
  <p  align=right><font size=1 face="Times New Roman">&nbsp;</font></p> </td>
 </tr>
 <tr>
  <td  valign="top">
  <p style="margin-left:1em; text-indent:-1em"><font size="1" face="Times New Roman">&nbsp;</font></p>  </td>
  <td  valign="top">
  <p style="margin-left:1em; text-indent:-1em">
<font size="1" face="Times New Roman">&nbsp;</font></p>  </td>
  <td  valign="top">
  <p>
<font size="2" face="Times New Roman">Section 2.1</font></p>  </td>
  <td  valign="top">
  <p>
<font size="2" face="Times New Roman">Place of   Meetings</font></p>  </td>
  <td  valign="top">
  <p  align=right>
<font size="2" face="Times New Roman">1</font></p>  </td>
 </tr>
 <tr>
  <td  valign="top">
  <p style="margin-left:1em; text-indent:-1em">
<font size="1" face="Times New Roman">&nbsp;</font></p>  </td>
  <td  valign="top">
  <p style="margin-left:1em; text-indent:-1em">
<font size="1" face="Times New Roman">&nbsp;</font></p>  </td>
  <td  valign="top">
  <p>
<font size="1" face="Times New Roman">&nbsp;</font></p>  </td>
  <td  valign="top">
  <p>
<font size="1" face="Times New Roman">&nbsp;</font></p>  </td>
  <td  valign="top">
  <p  align=right><font size=1 face="Times New Roman">&nbsp;</font></p> </td>
 </tr>
 <tr>
  <td  valign="top">
  <p style="margin-left:1em; text-indent:-1em">
<font size="1" face="Times New Roman">&nbsp;</font></p>  </td>
  <td  valign="top">
  <p style="margin-left:1em; text-indent:-1em">
<font size="1" face="Times New Roman">&nbsp;</font></p>  </td>
  <td  valign="top">
  <p>
<font size="2" face="Times New Roman">Section 2.1</font></p>  </td>
  <td  valign="top">
  <p>
<font size="2" face="Times New Roman">Annual   Meeting</font></p>  </td>
  <td  valign="top">
  <p  align=right>
<font size="2" face="Times New Roman">1</font></p>  </td>
 </tr>
 <tr>
  <td  valign="top">
  <p style="margin-left:1em; text-indent:-1em">
<font size="1" face="Times New Roman">&nbsp;</font></p>  </td>
  <td  valign="top">
  <p style="margin-left:1em; text-indent:-1em">
<font size="1" face="Times New Roman">&nbsp;</font></p>  </td>
  <td  valign="top">
  <p>
<font size="1" face="Times New Roman">&nbsp;</font></p>  </td>
  <td  valign="top">
  <p>
<font size="1" face="Times New Roman">&nbsp;</font></p>  </td>
  <td  valign="top">
  <p  align=right><font size=1 face="Times New Roman">&nbsp;</font></p> </td>
 </tr>
 <tr>
  <td  valign="top">
  <p style="margin-left:1em; text-indent:-1em">
<font size="1" face="Times New Roman">&nbsp;</font></p>  </td>
  <td  valign="top">
  <p style="margin-left:1em; text-indent:-1em">
<font size="1" face="Times New Roman">&nbsp;</font></p>  </td>
  <td  valign="top">
  <p>
<font size="2" face="Times New Roman">Section 2.3</font></p>  </td>
  <td  valign="top">
  <p>
<font size="2" face="Times New Roman">List of   Shareholders</font></p>  </td>
  <td  valign="top">
  <p  align=right>
<font size="2" face="Times New Roman">1</font></p>  </td>
 </tr>
 <tr>
  <td  valign="top">
  <p style="margin-left:1em; text-indent:-1em"><font size="1" face="Times New Roman">&nbsp;</font></p>  </td>
  <td  valign="top">
  <p style="margin-left:1em; text-indent:-1em">
<font size="1" face="Times New Roman">&nbsp;</font></p>  </td>
  <td  valign="top">
  <p>
<font size="1" face="Times New Roman">&nbsp;</font></p>  </td>
  <td  valign="top">
  <p>
<font size="1" face="Times New Roman">&nbsp;</font></p>  </td>
  <td  valign="top">
  <p  align=right><font size=1 face="Times New Roman">&nbsp;</font></p> </td>
 </tr>
 <tr>
  <td  valign="top">
  <p style="margin-left:1em; text-indent:-1em">
<font size="1" face="Times New Roman">&nbsp;</font></p>  </td>
  <td  valign="top">
  <p style="margin-left:1em; text-indent:-1em">
<font size="1" face="Times New Roman">&nbsp;</font></p>  </td>
  <td  valign="top">
  <p>
<font size="2" face="Times New Roman">Section 2.4</font></p>  </td>
  <td  valign="top">
  <p>
<font size="2" face="Times New Roman">Special   Meetings</font></p>  </td>
  <td  valign="top">
  <p  align=right>
<font size="2" face="Times New Roman">1</font></p>  </td>
 </tr>
 <tr>
  <td  valign="top">
  <p style="margin-left:1em; text-indent:-1em">
<font size="1" face="Times New Roman">&nbsp;</font></p>  </td>
  <td  valign="top">
  <p style="margin-left:1em; text-indent:-1em">
<font size="1" face="Times New Roman">&nbsp;</font></p>  </td>
  <td  valign="top">
  <p>
<font size="1" face="Times New Roman">&nbsp;</font></p>  </td>
  <td  valign="top">
  <p>
<font size="1" face="Times New Roman">&nbsp;</font></p>  </td>
  <td  valign="top">
  <p  align=right><font size=1 face="Times New Roman">&nbsp;</font></p> </td>
 </tr>
 <tr>
  <td  valign="top">
  <p style="margin-left:1em; text-indent:-1em">
<font size="1" face="Times New Roman">&nbsp;</font></p>  </td>
  <td  valign="top">
  <p style="margin-left:1em; text-indent:-1em">
<font size="1" face="Times New Roman">&nbsp;</font></p>  </td>
  <td  valign="top">
  <p>
<font size="2" face="Times New Roman">Section 2.5</font></p>  </td>
  <td  valign="top">
  <p>
<font size="2" face="Times New Roman">Notice</font></p>  </td>
  <td  valign="top">
  <p  align=right>
<font size="2" face="Times New Roman">2</font></p>  </td>
 </tr>
 <tr>
  <td  valign="top">
  <p style="margin-left:1em; text-indent:-1em">
<font size="1" face="Times New Roman">&nbsp;</font></p>  </td>
  <td  valign="top">
  <p style="margin-left:1em; text-indent:-1em">
<font size="1" face="Times New Roman">&nbsp;</font></p>  </td>
  <td  valign="top">
  <p>
<font size="1" face="Times New Roman">&nbsp;</font></p>  </td>
  <td  valign="top">
  <p>
<font size="1" face="Times New Roman">&nbsp;</font></p>  </td>
  <td  valign="top">
  <p  align=right><font size=1 face="Times New Roman">&nbsp;</font></p> </td>
 </tr>
 <tr>
  <td  valign="top">
  <p style="margin-left:1em; text-indent:-1em"><font size="1" face="Times New Roman">&nbsp;</font></p>  </td>
  <td  valign="top">
  <p style="margin-left:1em; text-indent:-1em">
<font size="1" face="Times New Roman">&nbsp;</font></p>  </td>
  <td  valign="top">
  <p>
<font size="2" face="Times New Roman">Section 2.6</font></p>  </td>
  <td  valign="top">
  <p>
<font size="2" face="Times New Roman">Quorum</font></p>  </td>
  <td  valign="top">
  <p  align=right>
<font size="2" face="Times New Roman">2</font></p>  </td>
 </tr>
 <tr>
  <td  valign="top">
  <p style="margin-left:1em; text-indent:-1em">
<font size="1" face="Times New Roman">&nbsp;</font></p>  </td>
  <td  valign="top">
  <p style="margin-left:1em; text-indent:-1em">
<font size="1" face="Times New Roman">&nbsp;</font></p>  </td>
  <td  valign="top">
  <p>
<font size="1" face="Times New Roman">&nbsp;</font></p>  </td>
  <td  valign="top">
  <p>
<font size="1" face="Times New Roman">&nbsp;</font></p>  </td>
  <td  valign="top">
  <p  align=right><font size=1 face="Times New Roman">&nbsp;</font></p> </td>
 </tr>
 <tr>
  <td  valign="top">
  <p style="margin-left:1em; text-indent:-1em">
<font size="1" face="Times New Roman">&nbsp;</font></p>  </td>
  <td  valign="top">
  <p style="margin-left:1em; text-indent:-1em">
<font size="1" face="Times New Roman">&nbsp;</font></p>  </td>
  <td  valign="top">
  <p>
<font size="2" face="Times New Roman">Section 2.7</font></p>  </td>
  <td  valign="top">
  <p>
<font size="2" face="Times New Roman">Voting</font></p>  </td>
  <td  valign="top">
  <p  align=right>
<font size="2" face="Times New Roman">2</font></p>  </td>
 </tr>
 <tr>
  <td  valign="top">
  <p style="margin-left:1em; text-indent:-1em">
<font size="1" face="Times New Roman">&nbsp;</font></p>  </td>
  <td  valign="top">
  <p style="margin-left:1em; text-indent:-1em">
<font size="1" face="Times New Roman">&nbsp;</font></p>  </td>
  <td  valign="top">
  <p>
<font size="1" face="Times New Roman">&nbsp;</font></p>  </td>
  <td  valign="top">
  <p>
<font size="1" face="Times New Roman">&nbsp;</font></p>  </td>
  <td  valign="top">
  <p  align=right><font size=1 face="Times New Roman">&nbsp;</font></p> </td>
 </tr>
 <tr>
  <td  valign="top">
  <p style="margin-left:1em; text-indent:-1em">
<font size="1" face="Times New Roman">&nbsp;</font></p>  </td>
  <td  valign="top">
  <p style="margin-left:1em; text-indent:-1em">
<font size="1" face="Times New Roman">&nbsp;</font></p>  </td>
  <td  valign="top">
  <p>
<font size="2" face="Times New Roman">Section 2.8</font></p>  </td>
  <td  valign="top">
  <p>
<font size="2" face="Times New Roman">Method of   Voting</font></p>  </td>
  <td  valign="top">
  <p  align=right>
<font size="2" face="Times New Roman">2</font></p>  </td>
 </tr>
 <tr>
  <td  valign="top">
  <p style="margin-left:1em; text-indent:-1em"><font size="1" face="Times New Roman">&nbsp;</font></p>  </td>
  <td  valign="top">
  <p style="margin-left:1em; text-indent:-1em">
<font size="1" face="Times New Roman">&nbsp;</font></p>  </td>
  <td  valign="top">
  <p>
<font size="1" face="Times New Roman">&nbsp;</font></p>  </td>
  <td  valign="top">
  <p>
<font size="1" face="Times New Roman">&nbsp;</font></p>  </td>
  <td  valign="top">
  <p  align=right><font size=1 face="Times New Roman">&nbsp;</font></p> </td>
 </tr>
 <tr>
  <td  valign="top">
  <p style="margin-left:1em; text-indent:-1em">
<font size="1" face="Times New Roman">&nbsp;</font></p>  </td>
  <td  valign="top">
  <p style="margin-left:1em; text-indent:-1em">
<font size="1" face="Times New Roman">&nbsp;</font></p>  </td>
  <td  valign="top">
  <p>
<font size="2" face="Times New Roman">Section 2.9</font></p>  </td>
  <td  valign="top">
  <p>
<font size="2" face="Times New Roman">Record Date;   Closing Transfer Books</font></p>  </td>
  <td  valign="top">
  <p  align=right>
<font size="2" face="Times New Roman">3</font></p>  </td>
 </tr>
 <tr>
  <td  valign="top">
  <p style="margin-left:1em; text-indent:-1em">
<font size="1" face="Times New Roman">&nbsp;</font></p>  </td>
  <td  valign="top">
  <p style="margin-left:1em; text-indent:-1em">
<font size="1" face="Times New Roman">&nbsp;</font></p>  </td>
  <td  valign="top">
  <p>
<font size="1" face="Times New Roman">&nbsp;</font></p>  </td>
  <td  valign="top">
  <p>
<font size="1" face="Times New Roman">&nbsp;</font></p>  </td>
  <td  valign="top">
  <p  align=right><font size=1 face="Times New Roman">&nbsp;</font></p> </td>
 </tr>
 <tr>
  <td  valign="top">
  <p style="margin-left:1em; text-indent:-1em">
<font size="1" face="Times New Roman">&nbsp;</font></p>  </td>
  <td  valign="top">
  <p style="margin-left:1em; text-indent:-1em">
<font size="1" face="Times New Roman">&nbsp;</font></p>  </td>
  <td  valign="top">
  <p>
<font size="2" face="Times New Roman">Section 2.10</font></p>  </td>
  <td  valign="top">
  <p>
<font size="2" face="Times New Roman">Action by   Consent</font></p>  </td>
  <td  valign="top">
  <p  align=right>
<font size="2" face="Times New Roman">3</font></p>  </td>
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  <p style="margin-left:1em; text-indent:-1em">
<font size="1" face="Times New Roman">&nbsp;</font></p>  </td>
  <td  valign="top">
  <p style="margin-left:1em; text-indent:-1em">
<font size="1" face="Times New Roman">&nbsp;</font></p>  </td>
  <td  valign="top">
  <p>
<font size="1" face="Times New Roman">&nbsp;</font></p>  </td>
  <td  valign="top">
  <p>
<font size="1" face="Times New Roman">&nbsp;</font></p>  </td>
  <td  valign="top">
  <p  align=right><font size=1 face="Times New Roman">&nbsp;</font></p> </td>
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  <td  colspan="4"  valign="top">
  <p style="margin-left:1em; text-indent:-1em"><font size="2" face="Times New Roman">ARTICLE III</font></p>  </td>
  <td  valign="top">
  <p align="right" style="margin-left:1em; text-indent:-1em">
<font size="2" face="Times New Roman">3</font></p>  </td>
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  <p style="margin-left:1em; text-indent:-1em">
<font size="1" face="Times New Roman">&nbsp;</font></p>  </td>
  <td  valign="top">
  <p style="margin-left:1em; text-indent:-1em"><font size=1 face="Times New Roman">&nbsp;</font></p> </td>
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  <p style="margin-left:1em; text-indent:-1em">
<font size="1" face="Times New Roman">&nbsp;</font></p>  </td>
  <td  colspan="3"  valign="top">
  <p style="margin-left:1em; text-indent:-1em">
<font size="2" face="Times New Roman">BOARD OF   DIRECTORS</font></p>  </td>
  <td  valign="top">
  <p  align=right>
<font size="2" face="Times New Roman">3</font></p>  </td>
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  <p style="margin-left:1em; text-indent:-1em">
<font size="1" face="Times New Roman">&nbsp;</font></p>  </td>
  <td  colspan="3"  valign="top">
  <p style="margin-left:1em; text-indent:-1em">
<font size="1" face="Times New Roman">&nbsp;</font></p>  </td>
  <td  valign="top">
  <p  align=right><font size=1 face="Times New Roman">&nbsp;</font></p> </td>
 </tr>
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  <p style="margin-left:1em; text-indent:-1em">
<font size="1" face="Times New Roman">&nbsp;</font></p>  </td>
  <td  valign="top">
  <p style="margin-left:1em; text-indent:-1em">
<font size="1" face="Times New Roman">&nbsp;</font></p>  </td>
  <td  valign="top">
  <p>
<font size="2" face="Times New Roman">Section 3.1</font></p>  </td>
  <td  valign="top">
  <p>
<font size="2" face="Times New Roman">Management</font></p>  </td>
  <td  valign="top">
  <p  align=right>
<font size="2" face="Times New Roman">3</font></p>  </td>
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  <p style="margin-left:1em; text-indent:-1em">
<font size="1" face="Times New Roman">&nbsp;</font></p>  </td>
  <td  valign="top">
  <p style="margin-left:1em; text-indent:-1em">
<font size="1" face="Times New Roman">&nbsp;</font></p>  </td>
  <td  valign="top">
  <p>
<font size="1" face="Times New Roman">&nbsp;</font></p>  </td>
  <td  valign="top">
  <p>
<font size="1" face="Times New Roman">&nbsp;</font></p>  </td>
  <td  valign="top">
  <p  align=right><font size=1 face="Times New Roman">&nbsp;</font></p> </td>
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  <td  valign="top">
  <p style="margin-left:1em; text-indent:-1em">
<font size="1" face="Times New Roman">&nbsp;</font></p>  </td>
  <td  valign="top">
  <p style="margin-left:1em; text-indent:-1em">
<font size="1" face="Times New Roman">&nbsp;</font></p>  </td>
  <td  valign="top">
  <p>
<font size="2" face="Times New Roman">Section 3.2</font></p>  </td>
  <td  valign="top">
  <p>
<font size="2" face="Times New Roman">Qualification;   Election; Term</font></p>  </td>
  <td  valign="top">
  <p  align=right>
<font size="2" face="Times New Roman">3</font></p>  </td>
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  <p style="margin-left:1em; text-indent:-1em"><font size="1" face="Times New Roman">&nbsp;</font></p>  </td>
  <td  valign="top">
  <p style="margin-left:1em; text-indent:-1em">
<font size="1" face="Times New Roman">&nbsp;</font></p>  </td>
  <td  valign="top">
  <p>
<font size="1" face="Times New Roman">&nbsp;</font></p>  </td>
  <td  valign="top">
  <p>
<font size="1" face="Times New Roman">&nbsp;</font></p>  </td>
  <td  valign="top">
  <p  align=right><font size=1 face="Times New Roman">&nbsp;</font></p> </td>
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  <p style="margin-left:1em; text-indent:-1em">
<font size="1" face="Times New Roman">&nbsp;</font></p>  </td>
  <td  valign="top">
  <p style="margin-left:1em; text-indent:-1em">
<font size="1" face="Times New Roman">&nbsp;</font></p>  </td>
  <td  valign="top">
  <p>
<font size="2" face="Times New Roman">Section 3.3</font></p>  </td>
  <td  valign="top">
  <p>
<font size="2" face="Times New Roman">Number</font></p>  </td>
  <td  valign="top">
  <p  align=right>
<font size="2" face="Times New Roman">3</font></p>  </td>
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  <p style="margin-left:1em; text-indent:-1em">
<font size="1" face="Times New Roman">&nbsp;</font></p>  </td>
  <td  valign="top">
  <p style="margin-left:1em; text-indent:-1em">
<font size="1" face="Times New Roman">&nbsp;</font></p>  </td>
  <td  valign="top">
  <p>
<font size="1" face="Times New Roman">&nbsp;</font></p>  </td>
  <td  valign="top">
  <p>
<font size="1" face="Times New Roman">&nbsp;</font></p>  </td>
  <td  valign="top">
  <p  align=right><font size=1 face="Times New Roman">&nbsp;</font></p> </td>
 </tr>
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  <td  valign="top">
  <p style="margin-left:1em; text-indent:-1em">
<font size="1" face="Times New Roman">&nbsp;</font></p>  </td>
  <td  valign="top">
  <p style="margin-left:1em; text-indent:-1em">
<font size="1" face="Times New Roman">&nbsp;</font></p>  </td>
  <td  valign="top">
  <p>
<font size="2" face="Times New Roman">Section 3.4</font></p>  </td>
  <td  valign="top">
  <p>
<font size="2" face="Times New Roman">Removal</font></p>  </td>
  <td  valign="top">
  <p  align=right>
<font size="2" face="Times New Roman">4</font></p>  </td>
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  <p style="margin-left:1em; text-indent:-1em">
<font size="1" face="Times New Roman">&nbsp;</font></p>  </td>
  <td  valign="top">
  <p style="margin-left:1em; text-indent:-1em">
<font size="1" face="Times New Roman">&nbsp;</font></p>  </td>
  <td  valign="top">
  <p>
<font size="1" face="Times New Roman">&nbsp;</font></p>  </td>
  <td  valign="top">
  <p>
<font size="1" face="Times New Roman">&nbsp;</font></p>  </td>
  <td  valign="top">
  <p  align=right><font size=1 face="Times New Roman">&nbsp;</font></p> </td>
 </tr>
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  <td  valign="top">
  <p style="margin-left:1em; text-indent:-1em"><font size="1" face="Times New Roman">&nbsp;</font></p>  </td>
  <td  valign="top">
  <p style="margin-left:1em; text-indent:-1em">
<font size="1" face="Times New Roman">&nbsp;</font></p>  </td>
  <td  valign="top">
  <p>
<font size="2" face="Times New Roman">Section 3.5</font></p>  </td>
  <td  valign="top">
  <p>
<font size="2" face="Times New Roman">Vacancies</font></p>  </td>
  <td  valign="top">
  <p  align=right>
<font size="2" face="Times New Roman">4</font></p>  </td>
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  <td  valign="top">
  <p style="margin-left:1em; text-indent:-1em">
<font size="1" face="Times New Roman">&nbsp;</font></p>  </td>
  <td  valign="top">
  <p style="margin-left:1em; text-indent:-1em">
<font size="1" face="Times New Roman">&nbsp;</font></p>  </td>
  <td  valign="top">
  <p>
<font size="1" face="Times New Roman">&nbsp;</font></p>  </td>
  <td  valign="top">
  <p>
<font size="1" face="Times New Roman">&nbsp;</font></p>  </td>
  <td  valign="top">
  <p  align=right><font size=1 face="Times New Roman">&nbsp;</font></p> </td>
 </tr>
 <tr>
  <td  valign="top">
  <p style="margin-left:1em; text-indent:-1em">
<font size="1" face="Times New Roman">&nbsp;</font></p>  </td>
  <td  valign="top">
  <p style="margin-left:1em; text-indent:-1em">
<font size="1" face="Times New Roman">&nbsp;</font></p>  </td>
  <td  valign="top">
  <p>
<font size="2" face="Times New Roman">Section 3.6</font></p>  </td>
  <td  valign="top">
  <p>
<font size="2" face="Times New Roman">Place of   Meetings</font></p>  </td>
  <td  valign="top">
  <p  align=right>
<font size="2" face="Times New Roman">4</font></p>  </td>
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 <tr>
  <td  valign="top">
  <p style="margin-left:1em; text-indent:-1em">
<font size="1" face="Times New Roman">&nbsp;</font></p>  </td>
  <td  valign="top">
  <p style="margin-left:1em; text-indent:-1em">
<font size="1" face="Times New Roman">&nbsp;</font></p>  </td>
  <td  valign="top">
  <p>
<font size="1" face="Times New Roman">&nbsp;</font></p>  </td>
  <td  valign="top">
  <p>
<font size="1" face="Times New Roman">&nbsp;</font></p>  </td>
  <td  valign="top">
  <p  align=right><font size=1 face="Times New Roman">&nbsp;</font></p> </td>
 </tr>
 <tr>
  <td  valign="top">
  <p style="margin-left:1em; text-indent:-1em">
<font size="1" face="Times New Roman">&nbsp;</font></p>  </td>
  <td  valign="top">
  <p style="margin-left:1em; text-indent:-1em">
<font size="1" face="Times New Roman">&nbsp;</font></p>  </td>
  <td  valign="top">
  <p>
<font size="2" face="Times New Roman">Section 3.7</font></p>  </td>
  <td  valign="top">
  <p>
<font size="2" face="Times New Roman">Annual   Meeting</font></p>  </td>
  <td  valign="top">
  <p  align=right>
<font size="2" face="Times New Roman">4</font></p>  </td>
 </tr>
 <tr>
  <td  valign="top">
  <p style="margin-left:1em; text-indent:-1em"><font size="1" face="Times New Roman">&nbsp;</font></p>  </td>
  <td  valign="top">
  <p style="margin-left:1em; text-indent:-1em">
<font size="1" face="Times New Roman">&nbsp;</font></p>  </td>
  <td  valign="top">
  <p>
<font size="1" face="Times New Roman">&nbsp;</font></p>  </td>
  <td  valign="top">
  <p>
<font size="1" face="Times New Roman">&nbsp;</font></p>  </td>
  <td  valign="top">
  <p  align=right><font size=1 face="Times New Roman">&nbsp;</font></p> </td>
 </tr>
 <tr>
  <td  valign="top">
  <p style="margin-left:1em; text-indent:-1em">
<font size="1" face="Times New Roman">&nbsp;</font></p>  </td>
  <td  valign="top">
  <p style="margin-left:1em; text-indent:-1em">
<font size="1" face="Times New Roman">&nbsp;</font></p>  </td>
  <td  valign="top">
  <p>
<font size="2" face="Times New Roman">Section 3.8</font></p>  </td>
  <td  valign="top">
  <p>
<font size="2" face="Times New Roman">Regular   Meetings</font></p>  </td>
  <td  valign="top">
  <p  align=right>
<font size="2" face="Times New Roman">4</font></p>  </td>
 </tr>
 <tr>
  <td  valign="top">
  <p style="margin-left:1em; text-indent:-1em">
<font size="1" face="Times New Roman">&nbsp;</font></p>  </td>
  <td  valign="top">
  <p style="margin-left:1em; text-indent:-1em">
<font size="1" face="Times New Roman">&nbsp;</font></p>  </td>
  <td  valign="top">
  <p>
<font size="1" face="Times New Roman">&nbsp;</font></p>  </td>
  <td  valign="top">
  <p>
<font size="1" face="Times New Roman">&nbsp;</font></p>  </td>
  <td  valign="top">
  <p  align=right><font size=1 face="Times New Roman">&nbsp;</font></p> </td>
 </tr>
 <tr>
  <td  valign="top">
  <p style="margin-left:1em; text-indent:-1em">
<font size="1" face="Times New Roman">&nbsp;</font></p>  </td>
  <td  valign="top">
  <p style="margin-left:1em; text-indent:-1em">
<font size="1" face="Times New Roman">&nbsp;</font></p>  </td>
  <td  valign="top">
  <p>
<font size="2" face="Times New Roman">Section 3.9</font></p>  </td>
  <td  valign="top">
  <p>
<font size="2" face="Times New Roman">Special   Meetings</font></p>  </td>
  <td  valign="top">
  <p  align=right>
<font size="2" face="Times New Roman">4</font></p>  </td>
 </tr>
 <tr>
  <td  valign="top">
  <p style="margin-left:1em; text-indent:-1em">
<font size="1" face="Times New Roman">&nbsp;</font></p>  </td>
  <td  valign="top">
  <p style="margin-left:1em; text-indent:-1em">
<font size="1" face="Times New Roman">&nbsp;</font></p>  </td>
  <td  valign="top">
  <p>
<font size="1" face="Times New Roman">&nbsp;</font></p>  </td>
  <td  valign="top">
  <p>
<font size="1" face="Times New Roman">&nbsp;</font></p>  </td>
  <td  valign="top">
  <p  align=right><font size=1 face="Times New Roman">&nbsp;</font></p> </td>
 </tr>
 <tr>
  <td  valign="top">
  <p style="margin-left:1em; text-indent:-1em"><font size="1" face="Times New Roman">&nbsp;</font></p>  </td>
  <td  valign="top">
  <p style="margin-left:1em; text-indent:-1em">
<font size="1" face="Times New Roman">&nbsp;</font></p>  </td>
  <td  valign="top">
  <p>
<font size="2" face="Times New Roman">Section 3.10</font></p>  </td>
  <td  valign="top">
  <p>
<font size="2" face="Times New Roman">Quorum</font></p>  </td>
  <td  valign="top">
  <p  align=right>
<font size="2" face="Times New Roman">4</font></p>  </td>
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 <tr>
  <td  valign="top">
  <p style="margin-left:1em; text-indent:-1em">
<font size="1" face="Times New Roman">&nbsp;</font></p>  </td>
  <td  valign="top">
  <p style="margin-left:1em; text-indent:-1em">
<font size="1" face="Times New Roman">&nbsp;</font></p>  </td>
  <td  valign="top">
  <p>
<font size="1" face="Times New Roman">&nbsp;</font></p>  </td>
  <td  valign="top">
  <p>
<font size="1" face="Times New Roman">&nbsp;</font></p>  </td>
  <td  valign="top">
  <p  align=right><font size=1 face="Times New Roman">&nbsp;</font></p> </td>
 </tr>
 <tr>
  <td  valign="top">
  <p style="margin-left:1em; text-indent:-1em">
<font size="1" face="Times New Roman">&nbsp;</font></p>  </td>
  <td  valign="top">
  <p style="margin-left:1em; text-indent:-1em">
<font size="1" face="Times New Roman">&nbsp;</font></p>  </td>
  <td  valign="top">
  <p>
<font size="2" face="Times New Roman">Section 3.11</font></p>  </td>
  <td  valign="top">
  <p>
<font size="2" face="Times New Roman">Interested   Directors</font></p>  </td>
  <td  valign="top">
  <p  align=right>
<font size="2" face="Times New Roman">4</font></p>  </td>
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 <tr>
  <td  valign="top">
  <p style="margin-left:1em; text-indent:-1em">
<font size="1" face="Times New Roman">&nbsp;</font></p>  </td>
  <td  valign="top">
  <p style="margin-left:1em; text-indent:-1em">
<font size="1" face="Times New Roman">&nbsp;</font></p>  </td>
  <td  valign="top">
  <p>
<font size="1" face="Times New Roman">&nbsp;</font></p>  </td>
  <td  valign="top">
  <p>
<font size="1" face="Times New Roman">&nbsp;</font></p>  </td>
  <td  valign="top">
  <p  align=right><font size=1 face="Times New Roman">&nbsp;</font></p> </td>
 </tr>
 <tr>
  <td  valign="top">
  <p style="margin-left:1em; text-indent:-1em">
<font size="1" face="Times New Roman">&nbsp;</font></p>  </td>
  <td  valign="top">
  <p style="margin-left:1em; text-indent:-1em">
<font size="1" face="Times New Roman">&nbsp;</font></p>  </td>
  <td  valign="top">
  <p>
<font size="2" face="Times New Roman">Section 3.12</font></p>  </td>
  <td  valign="top">
  <p>
<font size="2" face="Times New Roman">Committees</font></p>  </td>
  <td  valign="top">
  <p  align=right>
<font size="2" face="Times New Roman">5</font></p>  </td>
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 <tr>
  <td  valign="top">
  <p style="margin-left:1em; text-indent:-1em"><font size="1" face="Times New Roman">&nbsp;</font></p>  </td>
  <td  valign="top">
  <p style="margin-left:1em; text-indent:-1em">
<font size="1" face="Times New Roman">&nbsp;</font></p>  </td>
  <td  valign="top">
  <p>
<font size="1" face="Times New Roman">&nbsp;</font></p>  </td>
  <td  valign="top">
  <p>
<font size="1" face="Times New Roman">&nbsp;</font></p>  </td>
  <td  valign="top">
  <p  align=right><font size=1 face="Times New Roman">&nbsp;</font></p> </td>
 </tr>
 <tr>
  <td  valign="top">
  <p style="margin-left:1em; text-indent:-1em">
<font size="1" face="Times New Roman">&nbsp;</font></p>  </td>
  <td  valign="top">
  <p style="margin-left:1em; text-indent:-1em">
<font size="1" face="Times New Roman">&nbsp;</font></p>  </td>
  <td  valign="top">
  <p>
<font size="2" face="Times New Roman">Section 3.13</font></p>  </td>
  <td  valign="top">
  <p>
<font size="2" face="Times New Roman">Action by   Consent</font></p>  </td>
  <td  valign="top">
  <p  align=right>
<font size="2" face="Times New Roman">5</font></p>  </td>
 </tr>
 <tr>
  <td  valign="top">
  <p style="margin-left:1em; text-indent:-1em">
<font size="1" face="Times New Roman">&nbsp;</font></p>  </td>
  <td  valign="top">
  <p style="margin-left:1em; text-indent:-1em">
<font size="1" face="Times New Roman">&nbsp;</font></p>  </td>
  <td  valign="top">
  <p>
<font size="1" face="Times New Roman">&nbsp;</font></p>  </td>
  <td  valign="top">
  <p>
<font size="1" face="Times New Roman">&nbsp;</font></p>  </td>
  <td  valign="top">
  <p  align=right><font size=1 face="Times New Roman">&nbsp;</font></p> </td>
 </tr>
 <tr>
  <td  valign="top">
  <p style="margin-left:1em; text-indent:-1em">
<font size="1" face="Times New Roman">&nbsp;</font></p>  </td>
  <td  valign="top">
  <p style="margin-left:1em; text-indent:-1em">
<font size="1" face="Times New Roman">&nbsp;</font></p>  </td>
  <td  valign="top">
  <p>
<font size="2" face="Times New Roman">Section 3.14</font></p>  </td>
  <td  valign="top">
  <p>
<font size="2" face="Times New Roman">Compensation   of Directors</font></p>  </td>
  <td  valign="top">
  <p  align=right>
<font size="2" face="Times New Roman">5</font></p>  </td>
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  <td  valign="top">
  <p style="margin-left:1em; text-indent:-1em">
<font size="1" face="Times New Roman">&nbsp;</font></p>  </td>
  <td  valign="top">
  <p style="margin-left:1em; text-indent:-1em">
<font size="1" face="Times New Roman">&nbsp;</font></p>  </td>
  <td  valign="top">
  <p>
<font size="1" face="Times New Roman">&nbsp;</font></p>  </td>
  <td  valign="top">
  <p>
<font size="1" face="Times New Roman">&nbsp;</font></p>  </td>
  <td  valign="top">
  <p  align=right><font size=1 face="Times New Roman">&nbsp;</font></p> </td>
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 <tr>
  <td  colspan="4"  valign="top">
  <p style="margin-left:1em; text-indent:-1em"><font size="2" face="Times New Roman">ARTICLE IV</font></p>  </td>
  <td  valign="top">
  <p align="right" style="margin-left:1em; text-indent:-1em">
<font size="2" face="Times New Roman">5</font></p>  </td>
 </tr>
 <tr>
  <td  colspan="4"  valign="top">
  <p style="margin-left:1em; text-indent:-1em">
<font size="1" face="Times New Roman">&nbsp;</font></p>  </td>
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<font size="1" face="Times New Roman">&nbsp;</font></p>  </td>
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  <p style="margin-left:1em; text-indent:-1em">
<font size="2" face="Times New Roman">NOTICE</font></p>  </td>
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<font size="2" face="Times New Roman">5</font></p>  </td>
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<font size="1" face="Times New Roman">&nbsp;</font></p>  </td>
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  <p style="margin-left:1em; text-indent:-1em">
<font size="1" face="Times New Roman">&nbsp;</font></p>  </td>
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<font size="1" face="Times New Roman">&nbsp;</font></p>  </td>
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  <p style="margin-left:1em; text-indent:-1em">
<font size="1" face="Times New Roman">&nbsp;</font></p>  </td>
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  <p>
<font size="2" face="Times New Roman">Section 4.1</font></p>  </td>
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  <p>
<font size="2" face="Times New Roman">Form of   Notice</font></p>  </td>
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<font size="2" face="Times New Roman">5</font></p>  </td>
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<font size="1" face="Times New Roman">&nbsp;</font></p>  </td>
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<font size="1" face="Times New Roman">&nbsp;</font></p>  </td>
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  <p>
<font size="1" face="Times New Roman">&nbsp;</font></p>  </td>
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  <p>
<font size="1" face="Times New Roman">&nbsp;</font></p>  </td>
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<font size="1" face="Times New Roman">&nbsp;</font></p>  </td>
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<font size="1" face="Times New Roman">&nbsp;</font></p>  </td>
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  <p>
<font size="2" face="Times New Roman">Section 4.2</font></p>  </td>
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  <p>
<font size="2" face="Times New Roman">Waiver</font></p>  </td>
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<font size="2" face="Times New Roman">5</font></p>  </td>
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  <p style="margin-left:1em; text-indent:-1em"><font size="1" face="Times New Roman">&nbsp;</font></p>  </td>
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<font size="1" face="Times New Roman">&nbsp;</font></p>  </td>
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<font size="1" face="Times New Roman">&nbsp;</font></p>  </td>
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<font size="1" face="Times New Roman">&nbsp;</font></p>  </td>
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  <p style="margin-left:1em; text-indent:-1em">
<font size="2" face="Times New Roman">ARTICLE V</font></p>  </td>
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<font size="2" face="Times New Roman">6</font></p>  </td>
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<font size="1" face="Times New Roman">&nbsp;</font></p>  </td>
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<font size="1" face="Times New Roman">&nbsp;</font></p>  </td>
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  <p style="margin-left:1em; text-indent:-1em">
<font size="2" face="Times New Roman">OFFICERS AND   AGENTS</font></p>  </td>
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  <p  align=right>
<font size="2" face="Times New Roman">6</font></p>  </td>
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<font size="1" face="Times New Roman">&nbsp;</font></p>  </td>
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  <p style="margin-left:1em; text-indent:-1em">
<font size="1" face="Times New Roman">&nbsp;</font></p>  </td>
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<font size="1" face="Times New Roman">&nbsp;</font></p>  </td>
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<font size="1" face="Times New Roman">&nbsp;</font></p>  </td>
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  <p>
<font size="2" face="Times New Roman">Section 5.1</font></p>  </td>
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  <p>
<font size="2" face="Times New Roman">In General</font></p>  </td>
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<font size="2" face="Times New Roman">6</font></p>  </td>
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<font size="1" face="Times New Roman">&nbsp;</font></p>  </td>
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<font size="1" face="Times New Roman">&nbsp;</font></p>  </td>
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  <p>
<font size="1" face="Times New Roman">&nbsp;</font></p>  </td>
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  <p>
<font size="1" face="Times New Roman">&nbsp;</font></p>  </td>
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  <p style="margin-left:1em; text-indent:-1em"><font size="1" face="Times New Roman">&nbsp;</font></p>  </td>
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  <p style="margin-left:1em; text-indent:-1em">
<font size="1" face="Times New Roman">&nbsp;</font></p>  </td>
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  <p>
<font size="2" face="Times New Roman">Section 5.2</font></p>  </td>
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  <p>
<font size="2" face="Times New Roman">Election</font></p>  </td>
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  <p  align=right>
<font size="2" face="Times New Roman">6</font></p>  </td>
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<font size="1" face="Times New Roman">&nbsp;</font></p>  </td>
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  <p style="margin-left:1em; text-indent:-1em">
<font size="1" face="Times New Roman">&nbsp;</font></p>  </td>
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  <p>
<font size="1" face="Times New Roman">&nbsp;</font></p>  </td>
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  <p>
<font size="1" face="Times New Roman">&nbsp;</font></p>  </td>
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  <p style="margin-left:1em; text-indent:-1em">
<font size="1" face="Times New Roman">&nbsp;</font></p>  </td>
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  <p style="margin-left:1em; text-indent:-1em">
<font size="1" face="Times New Roman">&nbsp;</font></p>  </td>
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  <p>
<font size="2" face="Times New Roman">Section 5.3</font></p>  </td>
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  <p>
<font size="2" face="Times New Roman">Other   Officers and Agents</font></p>  </td>
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  <p  align=right>
<font size="2" face="Times New Roman">6</font></p>  </td>
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<p  align="center">
<font size="2" face="Times New Roman">i</font></p>

<hr size="1" width="100%" noshade color=black>
<div style="page-break-before:always"></div>
<PAGE>
<br>

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<font size="1" face="Times New Roman">&nbsp;</font></p>  </td>
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<font size="1" face="Times New Roman">&nbsp;</font></p>  </td>
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  <p>
<font size="2" face="Times New Roman">Section 5.4</font></p>  </td>
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<font size="2" face="Times New Roman">Compensation</font></p>  </td>
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<font size="2" face="Times New Roman">6</font></p>  </td>
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<font size="1" face="Times New Roman">&nbsp;</font></p>  </td>
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<font size="1" face="Times New Roman">&nbsp;</font></p>  </td>
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<font size="1" face="Times New Roman">&nbsp;</font></p>  </td>
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<font size="1" face="Times New Roman">&nbsp;</font></p>  </td>
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<font size="1" face="Times New Roman">&nbsp;</font></p>  </td>
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<font size="2" face="Times New Roman">Section 5.5</font></p>  </td>
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  <p>
<font size="2" face="Times New Roman">Term of   Office and Removal</font></p>  </td>
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<font size="2" face="Times New Roman">6</font></p>  </td>
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<font size="1" face="Times New Roman">&nbsp;</font></p>  </td>
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<font size="1" face="Times New Roman">&nbsp;</font></p>  </td>
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  <p>
<font size="1" face="Times New Roman">&nbsp;</font></p>  </td>
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  <p>
<font size="1" face="Times New Roman">&nbsp;</font></p>  </td>
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<font size="1" face="Times New Roman">&nbsp;</font></p>  </td>
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<font size="1" face="Times New Roman">&nbsp;</font></p>  </td>
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  <p>
<font size="2" face="Times New Roman">Section 5.6</font></p>  </td>
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  <p>
<font size="2" face="Times New Roman">Employment   and Other Contracts</font></p>  </td>
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  <p  align=right>
<font size="2" face="Times New Roman">6</font></p>  </td>
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<font size="1" face="Times New Roman">&nbsp;</font></p>  </td>
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  <p style="margin-left:1em; text-indent:-1em">
<font size="1" face="Times New Roman">&nbsp;</font></p>  </td>
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<font size="1" face="Times New Roman">&nbsp;</font></p>  </td>
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  <p>
<font size="1" face="Times New Roman">&nbsp;</font></p>  </td>
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  <p style="margin-left:1em; text-indent:-1em"><font size="1" face="Times New Roman">&nbsp;</font></p>  </td>
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  <p style="margin-left:1em; text-indent:-1em">
<font size="1" face="Times New Roman">&nbsp;</font></p>  </td>
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  <p>
<font size="2" face="Times New Roman">Section 5.7</font></p>  </td>
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  <p>
<font size="2" face="Times New Roman">Chairman of   the Board of Directors</font></p>  </td>
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  <p  align=right>
<font size="2" face="Times New Roman">6</font></p>  </td>
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<font size="1" face="Times New Roman">&nbsp;</font></p>  </td>
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<font size="1" face="Times New Roman">&nbsp;</font></p>  </td>
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<font size="1" face="Times New Roman">&nbsp;</font></p>  </td>
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<font size="1" face="Times New Roman">&nbsp;</font></p>  </td>
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<font size="1" face="Times New Roman">&nbsp;</font></p>  </td>
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  <p style="margin-left:1em; text-indent:-1em">
<font size="1" face="Times New Roman">&nbsp;</font></p>  </td>
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  <p>
<font size="2" face="Times New Roman">Section 5.8</font></p>  </td>
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  <p>
<font size="2" face="Times New Roman">President</font></p>  </td>
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<font size="2" face="Times New Roman">6</font></p>  </td>
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<font size="1" face="Times New Roman">&nbsp;</font></p>  </td>
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<font size="1" face="Times New Roman">&nbsp;</font></p>  </td>
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  <p>
<font size="1" face="Times New Roman">&nbsp;</font></p>  </td>
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  <p>
<font size="1" face="Times New Roman">&nbsp;</font></p>  </td>
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<font size="1" face="Times New Roman">&nbsp;</font></p>  </td>
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  <p style="margin-left:1em; text-indent:-1em">
<font size="1" face="Times New Roman">&nbsp;</font></p>  </td>
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  <p>
<font size="2" face="Times New Roman">Section 5.9</font></p>  </td>
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  <p>
<font size="2" face="Times New Roman">Vice   Presidents</font></p>  </td>
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<font size="2" face="Times New Roman">7</font></p>  </td>
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<font size="1" face="Times New Roman">&nbsp;</font></p>  </td>
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<font size="1" face="Times New Roman">&nbsp;</font></p>  </td>
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  <p>
<font size="1" face="Times New Roman">&nbsp;</font></p>  </td>
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<font size="1" face="Times New Roman">&nbsp;</font></p>  </td>
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  <p style="margin-left:1em; text-indent:-1em">
<font size="1" face="Times New Roman">&nbsp;</font></p>  </td>
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  <p>
<font size="2" face="Times New Roman">Section 5.10</font></p>  </td>
  <td  valign="top">
  <p>
<font size="2" face="Times New Roman">Secretary</font></p>  </td>
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  <p  align=right>
<font size="2" face="Times New Roman">7</font></p>  </td>
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<font size="1" face="Times New Roman">&nbsp;</font></p>  </td>
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<font size="1" face="Times New Roman">&nbsp;</font></p>  </td>
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  <p>
<font size="1" face="Times New Roman">&nbsp;</font></p>  </td>
  <td  valign="top">
  <p>
<font size="1" face="Times New Roman">&nbsp;</font></p>  </td>
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  <p style="margin-left:1em; text-indent:-1em">
<font size="1" face="Times New Roman">&nbsp;</font></p>  </td>
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  <p style="margin-left:1em; text-indent:-1em">
<font size="1" face="Times New Roman">&nbsp;</font></p>  </td>
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  <p>
<font size="2" face="Times New Roman">Section 5.11</font></p>  </td>
  <td  valign="top">
  <p>
<font size="2" face="Times New Roman">Assistant   Secretaries</font></p>  </td>
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  <p  align=right>
<font size="2" face="Times New Roman">7</font></p>  </td>
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<font size="1" face="Times New Roman">&nbsp;</font></p>  </td>
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  <p style="margin-left:1em; text-indent:-1em">
<font size="1" face="Times New Roman">&nbsp;</font></p>  </td>
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  <p>
<font size="1" face="Times New Roman">&nbsp;</font></p>  </td>
  <td  valign="top">
  <p>
<font size="1" face="Times New Roman">&nbsp;</font></p>  </td>
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  <p  align=right><font size=1 face="Times New Roman">&nbsp;</font></p> </td>
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  <p style="margin-left:1em; text-indent:-1em"><font size="1" face="Times New Roman">&nbsp;</font></p>  </td>
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  <p style="margin-left:1em; text-indent:-1em">
<font size="1" face="Times New Roman">&nbsp;</font></p>  </td>
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  <p>
<font size="2" face="Times New Roman">Section 5.12</font></p>  </td>
  <td  valign="top">
  <p>
<font size="2" face="Times New Roman">Treasurer</font></p>  </td>
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  <p  align=right>
<font size="2" face="Times New Roman">7</font></p>  </td>
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<font size="1" face="Times New Roman">&nbsp;</font></p>  </td>
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  <p style="margin-left:1em; text-indent:-1em">
<font size="1" face="Times New Roman">&nbsp;</font></p>  </td>
  <td  valign="top">
  <p>
<font size="1" face="Times New Roman">&nbsp;</font></p>  </td>
  <td  valign="top">
  <p>
<font size="1" face="Times New Roman">&nbsp;</font></p>  </td>
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  <p  align=right><font size=1 face="Times New Roman">&nbsp;</font></p> </td>
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  <p style="margin-left:1em; text-indent:-1em">
<font size="1" face="Times New Roman">&nbsp;</font></p>  </td>
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  <p style="margin-left:1em; text-indent:-1em">
<font size="1" face="Times New Roman">&nbsp;</font></p>  </td>
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  <p>
<font size="2" face="Times New Roman">Section 5.13</font></p>  </td>
  <td  valign="top">
  <p>
<font size="2" face="Times New Roman">Assistant   Treasurers</font></p>  </td>
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  <p  align=right>
<font size="2" face="Times New Roman">7</font></p>  </td>
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<font size="1" face="Times New Roman">&nbsp;</font></p>  </td>
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  <p style="margin-left:1em; text-indent:-1em">
<font size="1" face="Times New Roman">&nbsp;</font></p>  </td>
  <td  valign="top">
  <p>
<font size="1" face="Times New Roman">&nbsp;</font></p>  </td>
  <td  valign="top">
  <p>
<font size="1" face="Times New Roman">&nbsp;</font></p>  </td>
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  <p  align=right><font size=1 face="Times New Roman">&nbsp;</font></p> </td>
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  <p style="margin-left:1em; text-indent:-1em">
<font size="1" face="Times New Roman">&nbsp;</font></p>  </td>
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  <p style="margin-left:1em; text-indent:-1em">
<font size="1" face="Times New Roman">&nbsp;</font></p>  </td>
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  <p>
<font size="2" face="Times New Roman">Section 5.14</font></p>  </td>
  <td  valign="top">
  <p>
<font size="2" face="Times New Roman">Bonding</font></p>  </td>
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  <p  align=right>
<font size="2" face="Times New Roman">7</font></p>  </td>
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  <p style="margin-left:1em; text-indent:-1em"><font size="1" face="Times New Roman">&nbsp;</font></p>  </td>
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  <p style="margin-left:1em; text-indent:-1em">
<font size="1" face="Times New Roman">&nbsp;</font></p>  </td>
  <td  valign="top">
  <p>
<font size="1" face="Times New Roman">&nbsp;</font></p>  </td>
  <td  valign="top">
  <p>
<font size="1" face="Times New Roman">&nbsp;</font></p>  </td>
  <td  valign="top">
  <p  align=right><font size=1 face="Times New Roman">&nbsp;</font></p> </td>
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  <td  colspan="4"  valign="top">
  <p style="margin-left:1em; text-indent:-1em">
<font size="2" face="Times New Roman">ARTICLE VI</font></p>  </td>
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  <p align="right" style="margin-left:1em; text-indent:-1em">
<font size="2" face="Times New Roman">8</font></p>  </td>
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  <p style="margin-left:1em; text-indent:-1em">
<font size="1" face="Times New Roman">&nbsp;</font></p>  </td>
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  <p style="margin-left:1em; text-indent:-1em"><font size=1 face="Times New Roman">&nbsp;</font></p> </td>
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  <p style="margin-left:1em; text-indent:-1em">
<font size="1" face="Times New Roman">&nbsp;</font></p>  </td>
  <td  colspan="3"  valign="top">
  <p style="margin-left:1em; text-indent:-1em">
<font size="2" face="Times New Roman">CERTIFICATES   REPRESENTING SHARES</font></p>  </td>
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  <p  align=right>
<font size="2" face="Times New Roman">8</font></p>  </td>
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<font size="1" face="Times New Roman">&nbsp;</font></p>  </td>
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  <p style="margin-left:1em; text-indent:-1em">
<font size="1" face="Times New Roman">&nbsp;</font></p>  </td>
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  <p  align=right><font size=1 face="Times New Roman">&nbsp;</font></p> </td>
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  <p style="margin-left:1em; text-indent:-1em">
<font size="1" face="Times New Roman">&nbsp;</font></p>  </td>
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  <p style="margin-left:1em; text-indent:-1em">
<font size="1" face="Times New Roman">&nbsp;</font></p>  </td>
  <td  valign="top">
  <p>
<font size="2" face="Times New Roman">Section 6.1</font></p>  </td>
  <td  valign="top">
  <p>
<font size="2" face="Times New Roman">Form of   Certificates</font></p>  </td>
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  <p  align=right>
<font size="2" face="Times New Roman">8</font></p>  </td>
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  <p style="margin-left:1em; text-indent:-1em">
<font size="1" face="Times New Roman">&nbsp;</font></p>  </td>
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  <p style="margin-left:1em; text-indent:-1em">
<font size="1" face="Times New Roman">&nbsp;</font></p>  </td>
  <td  valign="top">
  <p>
<font size="1" face="Times New Roman">&nbsp;</font></p>  </td>
  <td  valign="top">
  <p>
<font size="1" face="Times New Roman">&nbsp;</font></p>  </td>
  <td  valign="top">
  <p  align=right><font size=1 face="Times New Roman">&nbsp;</font></p> </td>
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  <p style="margin-left:1em; text-indent:-1em"><font size="1" face="Times New Roman">&nbsp;</font></p>  </td>
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  <p style="margin-left:1em; text-indent:-1em">
<font size="1" face="Times New Roman">&nbsp;</font></p>  </td>
  <td  valign="top">
  <p>
<font size="2" face="Times New Roman">Section 6.2</font></p>  </td>
  <td  valign="top">
  <p>
<font size="2" face="Times New Roman">Lost   Certificates</font></p>  </td>
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  <p  align=right>
<font size="2" face="Times New Roman">8</font></p>  </td>
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  <p style="margin-left:1em; text-indent:-1em">
<font size="1" face="Times New Roman">&nbsp;</font></p>  </td>
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  <p style="margin-left:1em; text-indent:-1em">
<font size="1" face="Times New Roman">&nbsp;</font></p>  </td>
  <td  valign="top">
  <p>
<font size="1" face="Times New Roman">&nbsp;</font></p>  </td>
  <td  valign="top">
  <p>
<font size="1" face="Times New Roman">&nbsp;</font></p>  </td>
  <td  valign="top">
  <p  align=right><font size=1 face="Times New Roman">&nbsp;</font></p> </td>
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  <p style="margin-left:1em; text-indent:-1em">
<font size="1" face="Times New Roman">&nbsp;</font></p>  </td>
  <td  valign="top">
  <p style="margin-left:1em; text-indent:-1em">
<font size="1" face="Times New Roman">&nbsp;</font></p>  </td>
  <td  valign="top">
  <p>
<font size="2" face="Times New Roman">Section 6.3</font></p>  </td>
  <td  valign="top">
  <p>
<font size="2" face="Times New Roman">Transfer of   Shares</font></p>  </td>
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  <p  align=right>
<font size="2" face="Times New Roman">8</font></p>  </td>
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  <p style="margin-left:1em; text-indent:-1em">
<font size="1" face="Times New Roman">&nbsp;</font></p>  </td>
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  <p style="margin-left:1em; text-indent:-1em">
<font size="1" face="Times New Roman">&nbsp;</font></p>  </td>
  <td  valign="top">
  <p>
<font size="1" face="Times New Roman">&nbsp;</font></p>  </td>
  <td  valign="top">
  <p>
<font size="1" face="Times New Roman">&nbsp;</font></p>  </td>
  <td  valign="top">
  <p  align=right><font size=1 face="Times New Roman">&nbsp;</font></p> </td>
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  <p style="margin-left:1em; text-indent:-1em">
<font size="1" face="Times New Roman">&nbsp;</font></p>  </td>
  <td  valign="top">
  <p style="margin-left:1em; text-indent:-1em">
<font size="1" face="Times New Roman">&nbsp;</font></p>  </td>
  <td  valign="top">
  <p>
<font size="2" face="Times New Roman">Section 6.4</font></p>  </td>
  <td  valign="top">
  <p>
<font size="2" face="Times New Roman">Registered   Shareholders</font></p>  </td>
  <td  valign="top">
  <p  align=right>
<font size="2" face="Times New Roman">8</font></p>  </td>
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  <p style="margin-left:1em; text-indent:-1em"><font size="1" face="Times New Roman">&nbsp;</font></p>  </td>
  <td  valign="top">
  <p style="margin-left:1em; text-indent:-1em">
<font size="1" face="Times New Roman">&nbsp;</font></p>  </td>
  <td  valign="top">
  <p>
<font size="1" face="Times New Roman">&nbsp;</font></p>  </td>
  <td  valign="top">
  <p>
<font size="1" face="Times New Roman">&nbsp;</font></p>  </td>
  <td  valign="top">
  <p  align=right><font size=1 face="Times New Roman">&nbsp;</font></p> </td>
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  <td  colspan="4"  valign="top">
  <p style="margin-left:1em; text-indent:-1em">
<font size="2" face="Times New Roman">ARTICLE VII</font></p>  </td>
  <td  valign="top">
  <p align="right" style="margin-left:1em; text-indent:-1em">
<font size="2" face="Times New Roman">9</font></p>  </td>
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  <td  colspan="4"  valign="top">
  <p style="margin-left:1em; text-indent:-1em">
<font size="1" face="Times New Roman">&nbsp;</font></p>  </td>
  <td  valign="top">
  <p style="margin-left:1em; text-indent:-1em"><font size=1 face="Times New Roman">&nbsp;</font></p> </td>
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  <p style="margin-left:1em; text-indent:-1em">
<font size="1" face="Times New Roman">&nbsp;</font></p>  </td>
  <td  colspan="3"  valign="top">
  <p style="margin-left:1em; text-indent:-1em">
<font size="2" face="Times New Roman">GENERAL   PROVISIONS</font></p>  </td>
  <td  valign="top">
  <p  align=right>
<font size="2" face="Times New Roman">9</font></p>  </td>
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  <p style="margin-left:1em; text-indent:-1em">
<font size="1" face="Times New Roman">&nbsp;</font></p>  </td>
  <td  colspan="3"  valign="top">
  <p style="margin-left:1em; text-indent:-1em">
<font size="1" face="Times New Roman">&nbsp;</font></p>  </td>
  <td  valign="top">
  <p  align=right><font size=1 face="Times New Roman">&nbsp;</font></p> </td>
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  <p style="margin-left:1em; text-indent:-1em">
<font size="1" face="Times New Roman">&nbsp;</font></p>  </td>
  <td  valign="top">
  <p style="margin-left:1em; text-indent:-1em">
<font size="1" face="Times New Roman">&nbsp;</font></p>  </td>
  <td  valign="top">
  <p>
<font size="2" face="Times New Roman">Section 7.1</font></p>  </td>
  <td  valign="top">
  <p>
<font size="2" face="Times New Roman">Dividends</font></p>  </td>
  <td  valign="top">
  <p  align=right>
<font size="2" face="Times New Roman">9</font></p>  </td>
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  <p style="margin-left:1em; text-indent:-1em">
<font size="1" face="Times New Roman">&nbsp;</font></p>  </td>
  <td  valign="top">
  <p style="margin-left:1em; text-indent:-1em">
<font size="1" face="Times New Roman">&nbsp;</font></p>  </td>
  <td  valign="top">
  <p>
<font size="1" face="Times New Roman">&nbsp;</font></p>  </td>
  <td  valign="top">
  <p>
<font size="1" face="Times New Roman">&nbsp;</font></p>  </td>
  <td  valign="top">
  <p  align=right><font size=1 face="Times New Roman">&nbsp;</font></p> </td>
 </tr>
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  <td  valign="top">
  <p style="margin-left:1em; text-indent:-1em"><font size="1" face="Times New Roman">&nbsp;</font></p>  </td>
  <td  valign="top">
  <p style="margin-left:1em; text-indent:-1em">
<font size="1" face="Times New Roman">&nbsp;</font></p>  </td>
  <td  valign="top">
  <p>
<font size="2" face="Times New Roman">Section 7.2</font></p>  </td>
  <td  valign="top">
  <p>
<font size="2" face="Times New Roman">Reserves</font></p>  </td>
  <td  valign="top">
  <p  align=right>
<font size="2" face="Times New Roman">9</font></p>  </td>
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  <td  valign="top">
  <p style="margin-left:1em; text-indent:-1em">
<font size="1" face="Times New Roman">&nbsp;</font></p>  </td>
  <td  valign="top">
  <p style="margin-left:1em; text-indent:-1em">
<font size="1" face="Times New Roman">&nbsp;</font></p>  </td>
  <td  valign="top">
  <p>
<font size="1" face="Times New Roman">&nbsp;</font></p>  </td>
  <td  valign="top">
  <p>
<font size="1" face="Times New Roman">&nbsp;</font></p>  </td>
  <td  valign="top">
  <p  align=right><font size=1 face="Times New Roman">&nbsp;</font></p> </td>
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  <p style="margin-left:1em; text-indent:-1em">
<font size="1" face="Times New Roman">&nbsp;</font></p>  </td>
  <td  valign="top">
  <p style="margin-left:1em; text-indent:-1em">
<font size="1" face="Times New Roman">&nbsp;</font></p>  </td>
  <td  valign="top">
  <p>
<font size="2" face="Times New Roman">Section 7.3</font></p>  </td>
  <td  valign="top">
  <p>
<font size="2" face="Times New Roman">Telephone   and Similar Meetings</font></p>  </td>
  <td  valign="top">
  <p  align=right>
<font size="2" face="Times New Roman">9</font></p>  </td>
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  <p style="margin-left:1em; text-indent:-1em">
<font size="1" face="Times New Roman">&nbsp;</font></p>  </td>
  <td  valign="top">
  <p style="margin-left:1em; text-indent:-1em">
<font size="1" face="Times New Roman">&nbsp;</font></p>  </td>
  <td  valign="top">
  <p>
<font size="1" face="Times New Roman">&nbsp;</font></p>  </td>
  <td  valign="top">
  <p>
<font size="1" face="Times New Roman">&nbsp;</font></p>  </td>
  <td  valign="top">
  <p  align=right><font size=1 face="Times New Roman">&nbsp;</font></p> </td>
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  <p style="margin-left:1em; text-indent:-1em">
<font size="1" face="Times New Roman">&nbsp;</font></p>  </td>
  <td  valign="top">
  <p style="margin-left:1em; text-indent:-1em">
<font size="1" face="Times New Roman">&nbsp;</font></p>  </td>
  <td  valign="top">
  <p>
<font size="2" face="Times New Roman">Section 7.4</font></p>  </td>
  <td  valign="top">
  <p>
<font size="2" face="Times New Roman">Books and   Records</font></p>  </td>
  <td  valign="top">
  <p  align=right>
<font size="2" face="Times New Roman">9</font></p>  </td>
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  <p style="margin-left:1em; text-indent:-1em"><font size="1" face="Times New Roman">&nbsp;</font></p>  </td>
  <td  valign="top">
  <p style="margin-left:1em; text-indent:-1em">
<font size="1" face="Times New Roman">&nbsp;</font></p>  </td>
  <td  valign="top">
  <p>
<font size="1" face="Times New Roman">&nbsp;</font></p>  </td>
  <td  valign="top">
  <p>
<font size="1" face="Times New Roman">&nbsp;</font></p>  </td>
  <td  valign="top">
  <p  align=right><font size=1 face="Times New Roman">&nbsp;</font></p> </td>
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  <p style="margin-left:1em; text-indent:-1em">
<font size="1" face="Times New Roman">&nbsp;</font></p>  </td>
  <td  valign="top">
  <p style="margin-left:1em; text-indent:-1em">
<font size="1" face="Times New Roman">&nbsp;</font></p>  </td>
  <td  valign="top">
  <p>
<font size="2" face="Times New Roman">Section 7.5</font></p>  </td>
  <td  valign="top">
  <p>
<font size="2" face="Times New Roman">Fiscal Year</font></p>  </td>
  <td  valign="top">
  <p  align=right>
<font size="2" face="Times New Roman">9</font></p>  </td>
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  <p style="margin-left:1em; text-indent:-1em">
<font size="1" face="Times New Roman">&nbsp;</font></p>  </td>
  <td  valign="top">
  <p style="margin-left:1em; text-indent:-1em">
<font size="1" face="Times New Roman">&nbsp;</font></p>  </td>
  <td  valign="top">
  <p>
<font size="1" face="Times New Roman">&nbsp;</font></p>  </td>
  <td  valign="top">
  <p>
<font size="1" face="Times New Roman">&nbsp;</font></p>  </td>
  <td  valign="top">
  <p  align=right><font size=1 face="Times New Roman">&nbsp;</font></p> </td>
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  <p style="margin-left:1em; text-indent:-1em">
<font size="1" face="Times New Roman">&nbsp;</font></p>  </td>
  <td  valign="top">
  <p style="margin-left:1em; text-indent:-1em">
<font size="1" face="Times New Roman">&nbsp;</font></p>  </td>
  <td  valign="top">
  <p>
<font size="2" face="Times New Roman">Section 7.6</font></p>  </td>
  <td  valign="top">
  <p>
<font size="2" face="Times New Roman">Seal</font></p>  </td>
  <td  valign="top">
  <p  align=right>
<font size="2" face="Times New Roman">9</font></p>  </td>
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  <td  valign="top">
  <p style="margin-left:1em; text-indent:-1em">
<font size="1" face="Times New Roman">&nbsp;</font></p>  </td>
  <td  valign="top">
  <p style="margin-left:1em; text-indent:-1em">
<font size="1" face="Times New Roman">&nbsp;</font></p>  </td>
  <td  valign="top">
  <p>
<font size="1" face="Times New Roman">&nbsp;</font></p>  </td>
  <td  valign="top">
  <p>
<font size="1" face="Times New Roman">&nbsp;</font></p>  </td>
  <td  valign="top">
  <p  align=right><font size=1 face="Times New Roman">&nbsp;</font></p> </td>
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  <td  valign="top">
  <p style="margin-left:1em; text-indent:-1em"><font size="1" face="Times New Roman">&nbsp;</font></p>  </td>
  <td  valign="top">
  <p style="margin-left:1em; text-indent:-1em">
<font size="1" face="Times New Roman">&nbsp;</font></p>  </td>
  <td  valign="top">
  <p>
<font size="2" face="Times New Roman">Section 7.7</font></p>  </td>
  <td  valign="top">
  <p>
<font size="2" face="Times New Roman">Indemnification</font></p>  </td>
  <td  valign="top">
  <p  align=right>
<font size="2" face="Times New Roman">10</font></p>  </td>
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  <p style="margin-left:1em; text-indent:-1em">
<font size="1" face="Times New Roman">&nbsp;</font></p>  </td>
  <td  valign="top">
  <p style="margin-left:1em; text-indent:-1em">
<font size="1" face="Times New Roman">&nbsp;</font></p>  </td>
  <td  valign="top">
  <p>
<font size="1" face="Times New Roman">&nbsp;</font></p>  </td>
  <td  valign="top">
  <p>
<font size="1" face="Times New Roman">&nbsp;</font></p>  </td>
  <td  valign="top">
  <p  align=right><font size=1 face="Times New Roman">&nbsp;</font></p> </td>
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  <p style="margin-left:1em; text-indent:-1em">
<font size="1" face="Times New Roman">&nbsp;</font></p>  </td>
  <td  valign="top">
  <p style="margin-left:1em; text-indent:-1em">
<font size="1" face="Times New Roman">&nbsp;</font></p>  </td>
  <td  valign="top">
  <p>
<font size="2" face="Times New Roman">Section 7.8</font></p>  </td>
  <td  valign="top">
  <p>
<font size="2" face="Times New Roman">Insurance</font></p>  </td>
  <td  valign="top">
  <p  align=right>
<font size="2" face="Times New Roman">10</font></p>  </td>
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  <td  valign="top">
  <p style="margin-left:1em; text-indent:-1em">
<font size="1" face="Times New Roman">&nbsp;</font></p>  </td>
  <td  valign="top">
  <p style="margin-left:1em; text-indent:-1em">
<font size="1" face="Times New Roman">&nbsp;</font></p>  </td>
  <td  valign="top">
  <p>
<font size="1" face="Times New Roman">&nbsp;</font></p>  </td>
  <td  valign="top">
  <p>
<font size="1" face="Times New Roman">&nbsp;</font></p>  </td>
  <td  valign="top">
  <p  align=right><font size=1 face="Times New Roman">&nbsp;</font></p> </td>
 </tr>
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  <td  valign="top">
  <p style="margin-left:1em; text-indent:-1em">
<font size="1" face="Times New Roman">&nbsp;</font></p>  </td>
  <td  valign="top">
  <p style="margin-left:1em; text-indent:-1em">
<font size="1" face="Times New Roman">&nbsp;</font></p>  </td>
  <td  valign="top">
  <p>
<font size="2" face="Times New Roman">Section 7.9</font></p>  </td>
  <td  valign="top">
  <p>
<font size="2" face="Times New Roman">Resignation</font></p>  </td>
  <td  valign="top">
  <p  align=right>
<font size="2" face="Times New Roman">10</font></p>  </td>
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<font size="2" face="Times New Roman">Section 7.10</font></p>  </td>
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<font size="2" face="Times New Roman">Amendment of   Bylaws</font></p>  </td>
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<font size="2" face="Times New Roman">10</font></p>  </td>
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<font size="2" face="Times New Roman">Section 7.11</font></p>  </td>
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<font size="2" face="Times New Roman">Invalid   Provisions</font></p>  </td>
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<font size="2" face="Times New Roman">Section 7.12</font></p>  </td>
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<font size="2" face="Times New Roman">Relation to   Articles of Incorporation</font></p>  </td>
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<font size="2" face="Times New Roman">ii</font></p>

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<p  align="center">
<font size="2" face="Times New Roman"> BYLAWS</font></p>
<p  align="center">
<font size="2" face="Times New Roman">OF</font></p>
<p  align="center">
  <font size="2" face="Times New Roman">CHINA BAK BATTERY, INC.<br>
(as amended to reflect the name change on February 14, 2005.) </font></p>
<p  align="center"> <font size="2" face="Times New Roman">AS AMENDED AND RESTATED JANUARY 20, 2005<br>
  AS FURTHER AMENDED MAY 15, 2006</font></p>
<p  align="center">
<font size="2" face="Times New Roman">ARTICLE I</font></p>
<p  align="center">
<font size="2" face="Times New Roman">OFFICES</font></p>
<p>
<font size="2" face="Times New Roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Section 1.1 Registered&#160; Office.&#160; The&#160; registered&#160; office and registered agent of China BAK Battery,&#160; Inc. (the&#160; &#147;Corporation&#148;)&#160; will be as from time to time set forth in the&#160; Corporation&#146;s&#160; Articles of Incorporation or in any certificate filed&#160; with the&#160; Secretary&#160; of&#160; State&#160; of the&#160; State&#160; of&#160; Nevada&#160; to amend&#160; such information.</font></p>
<p>
<font size="2" face="Times New Roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Section 1.2 Other&#160; Offices.&#160; The&#160; Corporation&#160; may also have offices at such other places,&#160; both within and without the State of Nevada, as the Board of Directors may from time to time determine or the business of the Corporation may require.</font></p>
<p  align="center">
<font size="2" face="Times New Roman">ARTICLE II</font></p>
<p  align="center">
<font size="2" face="Times New Roman">SHAREHOLDERS</font></p>
<p>
<font size="2" face="Times New Roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Section 2.1 Place of Meetings. All meetings of the shareholders for the election of Directors will be held at such place, within or without the State of Nevada or the United States of America, as may be fixed from time to time by the Board of Directors.&#160; Meetings of shareholders&#160; for any other purpose may be held at such time and&#160; place,&#160; within or&#160; without&#160; the State of Nevada or the&#160; United States of&#160; America,&#160; as may be stated in the notice of the&#160; meeting or in a duly executed waiver of notice thereof.</font></p>

<p><font size="2" face="Times New Roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Section 2.2 Annual Meeting.&#160; An annual meeting of the shareholders will be held at such time as may be determined&#160; by the Board of&#160; Directors,&#160; at which meeting the shareholders will elect a Board of Directors and transact such other business as may properly be brought before the meeting.</font></p>
<p>
<font size="2" face="Times New Roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Section&#160; 2.3 List of&#160; Shareholders.&#160; At least ten (10) days before each meeting of shareholders, a complete list of the shareholders entitled to vote at such meeting, arranged in alphabetical order, with the address of and the number of voting shares registered in the name of each, will be prepared by the officer or agent having charge of the stock&#160; transfer&#160; books.&#160; Such list will be kept on file at the registered&#160; office of the&#160; Corporation for a period of ten (10) days prior to such meeting and will be subject to&#160; inspection by any&#160; shareholder&#160; at any time during usual business&#160; hours.&#160; Such list will be produced and kept open at the time and place of the meeting during the whole time thereof,&#160; and will be subject to the inspection of any shareholder who may be present.</font></p>
<p>
<font size="2" face="Times New Roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Section 2.4 Special Meetings. Special meetings of the shareholders, for any purpose or purposes,&#160; unless&#160; otherwise&#160; prescribed&#160; by law, the Articles of Incorporation&#160; or these&#160; Bylaws,&#160; may be called by the President or the Board of Directors,&#160; or will be called by the&#160; President&#160; or&#160; Secretary at the request in</font></p>
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<font size="2" face="Times New Roman">writing of the holders of not less than thirty&#160; percent&#160; (30%) of all the shares issued, outstanding and entitled to vote. Such request will state the purpose or purposes of the proposed&#160; meeting.&#160; Business&#160; transacted at all special meetings will be confined to the purposes&#160; stated in the notice of the meeting unless all shareholders entitled to vote are present and consent.</font></p>

<p><font size="2" face="Times New Roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Section 2.5 Notice.&#160; Written or printed notice&#160; stating the place,&#160; day and hour of any meeting of the&#160; shareholders&#160; and, in case of a special meeting, the purpose or purposes for which the meeting is called,&#160; will be delivered&#160; not less than ten (10) nor more than sixty (60) days before the date of the meeting, either&#160; personally&#160; or by mail,&#160; by or at the&#160; direction of the&#160; President,&#160; the Secretary,&#160; or the officer or person calling the meeting, to each shareholder of record entitled to vote at the meeting. If mailed, such notice will be deemed to be&#160; delivered&#160; when&#160; deposited&#160; in the&#160; United&#160; States&#160; mail,&#160; addressed&#160; to the shareholder&#160; at his&#160; address as it appears&#160; on the stock&#160; transfer&#160; books of the Corporation, with postage thereon prepaid.</font></p>
<p>
<font size="2" face="Times New Roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Section 2.6 Quorum.&#160; With respect to any matter, the presence in person or by proxy of the holders of thirty-three&#160;and one-third percent (33 1/3%)* of the shares entitled to vote on that matter will be necessary&#160; and&#160; sufficient to constitute a quorum for the&#160; transaction&#160; of&#160; business&#160; except as&#160; otherwise&#160; provided&#160; by law,&#160; the Articles of&#160; Incorporation&#160; or these&#160; Bylaws.&#160; If,&#160; however,&#160; such quorum is not present or&#160; represented&#160; at any meeting of the&#160; shareholders,&#160; the&#160; shareholders entitled to vote thereat,&#160; present in person or represented by proxy,&#160; will have power to&#160; adjourn&#160; the&#160; meeting&#160; from time to time,&#160; without&#160; notice&#160; other than announcement at the meeting,&#160; until a quorum is present or&#160; represented.&#160; If the adjournment

i

s for more
than thirty (30) days, or if after the adjournment a new&#160; record&#160; date is fixed&#160; for the&#160; adjourned&#160; meeting,&#160; a notice&#160; of the&#160; adjourned&#160; meeting&#160; will be given to each&#160; shareholder&#160; of record&#160; entitled&#160; to vote at the&#160; meeting.&#160; At such adjourned meeting at which a quorum is present or represented,&#160; any business may be transacted that might have been transacted at the meeting as originally notified.</font></p>

<p><font size="2" face="Times New Roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Section&#160; 2.7&#160; Voting.&#160; When a quorum is present&#160; at any&#160; meeting of the Corporation&#146;s shareholders,&#160; the vote of the holders of a majority of the shares entitled to vote that are&#160; actually&#160; voted on any&#160; question&#160; brought&#160; before the meeting &#160;will be&#160; sufficient&#160; to&#160; decide&#160; such&#160; question;&#160; provided&#160; that if the question&#160; is one upon&#160; which,&#160; by express&#160; provision&#160; of law,&#160; the&#160; Articles&#160; of Incorporation&#160; or these&#160; Bylaws,&#160; a different&#160; vote is&#160; required,&#160; such&#160; express provision shall govern and control the decision of such question.</font></p>
<p>
<font size="2" face="Times New Roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Section&#160; 2.8&#160; Method&#160; of&#160; Voting.&#160;&#160; Each&#160;&#160; outstanding&#160;&#160; share&#160; of&#160; the Corporation&#146;s capital stock,&#160; regardless of class or series, will be entitled to one vote on each matter submitted to a vote at a meeting of shareholders, except to the extent&#160; that the&#160; voting&#160; rights of the shares of any class or series are limited or denied by the&#160; Articles&#160; of&#160; Incorporation,&#160; as amended&#160; from time to time. At any meeting of the shareholders,&#160; every shareholder having the right to vote will be entitled to vote in person or by proxy&#160; executed in writing by such shareholder&#160; and&#160; bearing&#160; a date not more&#160; than&#160; six (6)&#160; months&#160; prior to such meeting,&#160; unless it is&#160; coupled&#160; with an&#160; interest,&#160; or unless&#160; such&#160; instrument provides
for a longer period,&#160; which may not exceed 7 years from the date of its creation.&#160; A&#160; telegram,&#160;&#160; telex,&#160;&#160; cablegram&#160; or&#160; similar&#160; transmission&#160; by&#160; the shareholder, or a photographic,&#160; photostatic,&#160; facsimile or similar reproduction of a writing&#160; executed by the&#160; shareholder,&#160; shall be treated as an execution in writing for purposes of the preceding&#160; sentence.&#160; Subject to these&#160; restrictions every properly created proxy is not revoked and shall continue in full force and effect&#160; until&#160; another&#160; instrument&#160; or&#160; transmission&#160; revoking&#160; it or a properly</font></p>

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<font size="2" face="Times New Roman">created proxy bearing a later date is filed with or transmitted to the Secretary of the&#160; Corporation.&#160; Such&#160; proxy&#160; will&#160; be&#160; filed&#160; with&#160; the&#160; Secretary&#160; of the Corporation prior to or at the time of the meeting. Voting for Directors will be in accordance with Article III of these Bylaws. Voting on any question or in any election&#160; may be by voice&#160; vote or show of hands&#160; unless the&#160; presiding&#160; officer orders or any shareholder demands that voting be by written ballot.</font></p>
<p>
<font size="2" face="Times New Roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Section 2.9 Record Date; Closing Transfer Books. The Board of Directors may fix in advance a record&#160; date for the&#160; purpose of&#160; determining&#160; shareholders entitled to notice of or to vote at a meeting of shareholders,&#160; such record date to be not&#160; less&#160; than&#160; ten (10) nor more&#160; than&#160; sixty&#160; (60)&#160; days&#160; prior to such meeting,&#160; or the Board of Directors may close the stock&#160; transfer books for such purpose&#160; for a period of not less than ten (10) nor more&#160; than&#160; sixty&#160; (60) days prior to such&#160; meeting.&#160; In the absence of any action by the Board of Directors, the date upon which the notice of the meeting is mailed will be the record date.</font></p>
<p>
<font size="2" face="Times New Roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Section 2.10 Action by Consent. Except as prohibited by law, any action required or permitted by law, the Articles of&#160; Incorporation&#160; or these Bylaws to be&#160; taken at a&#160; meeting&#160; of the&#160; shareholders&#160; of the&#160; Corporation&#160; may be taken without a meeting if a consent or consents in writing,&#160; setting forth the action so taken, is 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 will be delivered to the Corporation by delivery to its registered office in Nevada,&#160; its&#160; principal&#160; place&#160; of&#160; business&#160; or an&#160; officer&#160; or&#160; agent&#160; of&#160; the Corporation having custody of the minute book.</font></p>

<p  align="center"><font size="2" face="Times New Roman">ARTICLE III</font></p>
<p  align="center">
<font size="2" face="Times New Roman">BOARD OF DIRECTORS</font></p>
<p>
<font size="2" face="Times New Roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Section 3.1&#160; Management.&#160; The business&#160; and affairs of the&#160; Corporation will be managed by or under the&#160; direction&#160; of the Board of&#160; Directors,&#160; who may exercise&#160; all such&#160; powers of the&#160; Corporation&#160; and do all such&#160; lawful acts and things as are not by law, the Articles of Incorporation or these Bylaws directed or required to be exercised or done by the shareholders.</font></p>
<p>
<font size="2" face="Times New Roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Section 3.2&#160; Qualification;&#160; Election;&#160; Term.&#160; Each&#160; Director must be a natural&#160; person&#160; at&#160; least&#160; 18 years&#160; of age.&#160; None of the&#160; Directors&#160; need be a shareholder&#160; of the&#160; Corporation&#160; or a&#160; resident&#160; of the&#160; State of&#160; Nevada.&#160; The Directors&#160; will be&#160; elected&#160; by&#160; plurality&#160; vote at the&#160; annual&#160; meeting&#160; of the shareholders,&#160; except as hereinafter&#160; provided,&#160; and each Director&#160; elected will hold office until&#160; whichever of the&#160; following&#160; occurs&#160; first:&#160; his successor is elected&#160; and&#160; qualified,&#160; his&#160; resignation,&#160; his&#160; removal&#160; from&#160; office&#160; by&#160; the shareholders or his death.</font></p>
<p>
<font size="2" face="Times New Roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Section&#160; 3.3&#160; Number.&#160;&#160; The&#160; authorized&#160; number&#160; of&#160; Directors&#160; of&#160; the Corporation shall be not less than one (1) nor more than eight (8).</font></p>
<p>
<font size="2" face="Times New Roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Section 3.4 Removal.&#160; Any Director may be removed either for or without cause at any special&#160; meeting of&#160; shareholders&#160; by the&#160; affirmative&#160; vote of the shareholders&#160; representing&#160; not less than&#160; two-thirds of the voting power of the issued and outstanding stock entitled to voting power; provided,&#160; that notice of intention&#160; to act upon such&#160; matter has been given in the&#160; notice&#160; calling&#160; such meeting.</font></p>

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<font size="2" face="Times New Roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Section&#160; 3.5&#160; Vacancies.&#160; All&#160; vacancies&#160; in the&#160; Board&#160; of&#160; Directors, including those caused by an increase in the number of Directors,&#160; may be filled by a majority of the&#160; remaining&#160; Directors,&#160; though&#160; less than a quorum,&#160; unless provided&#160; for in the&#160; Articles of&#160; Incorporation.&#160; A Director&#160; elected to fill a vacancy will be elected for the unexpired term of his predecessor in office.</font></p>
<p>
<font size="2" face="Times New Roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Section&#160; 3.6 Place of&#160; Meetings.&#160; Meetings&#160; of the Board of&#160; Directors, regular or&#160; special,&#160; may be held at such place&#160; within or without&#160; the State of Nevada or the United&#160; States of America as may be fixed from time to time by the Board of Directors.</font></p>
<p>
<font size="2" face="Times New Roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Section 3.7 Annual&#160; Meeting.&#160; The first&#160; meeting of each newly&#160; elected Board of Directors will be held without further notice immediately following the annual&#160; meeting&#160; of&#160; shareholders&#160; and at the same&#160; place,&#160; unless by&#160; unanimous consent, the Directors then elected and serving shall change such time or place.</font></p>
<p>
<font size="2" face="Times New Roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Section&#160; 3.8&#160; Regular&#160; Meetings.&#160; Regular&#160; meetings&#160; of&#160; the&#160; Board&#160; of Directors&#160; may be held without&#160; notice at such time and place as is from time to time determined by resolution of the Board of Directors.</font></p>
<p>
<font size="2" face="Times New Roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Section&#160; 3.9&#160; Special&#160; Meetings.&#160; Special&#160; meetings&#160; of&#160; the&#160; Board&#160; of Directors&#160; may be&#160; called by the&#160; President&#160; on oral or&#160; written&#160; notice to each Director, given either personally, by telephone, by telegram or by mail; special meetings&#160; will be called by the President or the Secretary in like manner and on like notice on the written request of at least two (2) Directors.&#160; Except as may be otherwise&#160; expressly&#160; provided by law, the Articles of Incorporation or these Bylaws,&#160; neither&#160; the&#160; business&#160; to be&#160; transacted&#160; at, nor the&#160; purpose of, any special meeting need be specified in a notice or waiver of notice.</font></p>

<p><font size="2" face="Times New Roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Section&#160; 3.10 Quorum.&#160; At all&#160; meetings of the Board of&#160; Directors&#160; the presence&#160; of a&#160; majority&#160; of the&#160; number of&#160; Directors&#160; then in&#160; office&#160; will be necessary and sufficient to constitute a quorum for the transaction of business, and the affirmative vote of at least a majority of the Directors&#160; present at any meeting at which&#160; there is a quorum&#160; will be the act of the Board of&#160; Directors, except&#160; as may be&#160; otherwise&#160; specifically&#160; provided&#160; by law,&#160; the&#160; Articles&#160; of Incorporation or these Bylaws.&#160; If a quorum is not present at any meeting of the Board of Directors,&#160; the Directors&#160; present thereat may adjourn the meeting from time to time without&#160; notice&#160; other than&#160; announcement&#160; at the meeting,&#160; until a quorum is present.</font></p>
<p>
<font size="2" face="Times New Roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Section 3.11 Interested&#160; Directors.&#160; No contract or transaction between the&#160; Corporation&#160; and one or more of its&#160; Directors or officers,&#160; or between the Corporation&#160; and&#160; any&#160; other&#160; corporation,&#160; partnership,&#160; association&#160; or &#160;other organization in which one or more of the Corporation&#146;s Directors or officers are Directors&#160; or officers or have a&#160; financial&#160; interest,&#160; will be void or voidable solely for this reason,&#160; solely because the Director or officer is present at or participates in the meeting of the Board of Directors or committee&#160; thereof that authorizes the contract or transaction, or solely because his or their votes are counted for such purpose,&#160; if: (i) the material facts as to his&#160; relationship or interest and as to the contract or transaction are disclosed or are known to the
Board of Directors or the committee,&#160; and the Board of Directors or committee in good faith&#160; authorizes the contract or transaction by the affirmative&#160; vote of a majority of the disinterested Directors, even though the disinterested Directors be less&#160; than a&#160; quorum,&#160; (ii)&#160; the&#160; material&#160; facts as to his&#160; relationship&#160; or interest and as to the contract or transaction are disclosed or are known to the</font></p>

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<font size="2" face="Times New Roman">shareholders&#160; entitled&#160; to vote&#160; thereon,&#160; and the&#160; contract or&#160; transaction&#160; is specifically&#160; approved&#160; in good faith by vote of the&#160; shareholders&#160; or (iii) the contract&#160; or&#160; transaction&#160; is fair as to the&#160; Corporation&#160; as of the&#160; time it is authorized,&#160; approved or ratified by the Board of Directors, a committee thereof or&#160; the&#160; shareholders.&#160;&#160; Common&#160; or&#160; interested&#160; Directors&#160; may&#160; be&#160; counted&#160; in determining&#160; the&#160; presence of a quorum at a meeting of the Board of Directors or of a committee that authorizes the contract or transaction.</font></p>
<p>
<font size="2" face="Times New Roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Section&#160; 3.12&#160; Committees.&#160; The Board of Directors&#160; may, by&#160; resolution passed by a majority of the entire&#160; Board of&#160; Directors,&#160; designate&#160; committees, each committee to consist of one (1) or more Directors of the Corporation, which committees will have such power and authority and will perform such functions as may be provided in such resolution.&#160; Such committee or committees will have such name or names as may be&#160; designated&#160; by the&#160; Board of&#160; Directors&#160; and will&#160; keep regular&#160; minutes&#160; of their&#160; proceedings&#160; and&#160; report&#160; the&#160; same to the&#160; Board of Directors when required.</font></p>
<p>
<font size="2" face="Times New Roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Section 3.13 Action by Consent.&#160; Any action required or permitted to be taken at any meeting of the Board of Directors or any&#160; committee of the Board of Directors&#160; may be taken&#160; without&#160; such a meeting&#160; if a consent&#160; or&#160; consents&#160; in writing,&#160; setting forth the action so taken, is signed by all the members of the Board of Directors or such committee, as the case may be.</font></p>
<p>
<font size="2" face="Times New Roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Section 3.14&#160; Compensation&#160; of Directors.&#160; Directors&#160; will receive such compensation&#160; for their&#160; services and&#160; reimbursement&#160; for their&#160; expenses as the Board of Directors, by resolution,&#160; may establish;&#160; provided that nothing herein contained&#160;&#160; will&#160; be&#160; construed&#160; to&#160; preclude&#160; any&#160; Director&#160; from&#160; serving&#160; the Corporation in any other capacity and receiving compensation therefor.</font></p>

<p  align="center"><font size="2" face="Times New Roman">ARTICLE IV</font></p>
<p  align="center">
<font size="2" face="Times New Roman">NOTICE</font></p>
<p>
<font size="2" face="Times New Roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Section&#160; 4.1&#160; Form&#160; of&#160; Notice.&#160;&#160; Whenever&#160; by&#160; law,&#160; the&#160; Articles&#160; of Incorporation&#160; or&#160; these&#160; Bylaws,&#160; notice&#160; is to be&#160; given&#160; to any&#160; Director&#160; or shareholder, and no provision is made as to how such notice is to be given, such notice may be given: (i) in writing, by mail, postage prepaid, addressed to such Director&#160; or&#160; shareholder&#160; at&#160; such&#160; address&#160; as&#160; appears&#160; on the&#160; books&#160; of the Corporation or (ii) in any other method permitted by law. Any notice required or permitted to be given by mail will be deemed to be given at the time the same is deposited in the United States mail.</font></p>
<p>
<font size="2" face="Times New Roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Section 4.2 Waiver.&#160; Whenever any notice is required to be given to any shareholder&#160; or Director of the&#160; Corporation as required by law, the Articles of Incorporation&#160; or these Bylaws, a waiver thereof in writing signed by the person or persons&#160; entitled to such notice,&#160; whether before or after the time stated in such notice,&#160; will be equivalent&#160; to the giving of such notice.&#160; Attendance of a shareholder or Director at a meeting will&#160; constitute a waiver of notice of such meeting,&#160; except&#160; where such&#160; shareholder&#160; or&#160; Director&#160; attends for the express purpose of objecting, at the beginning of the meeting, to the transaction of any business&#160; on the&#160; ground&#160; that the&#160; meeting&#160; has not&#160; been&#160; lawfully&#160; called&#160; or convened.</font></p>
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<font size="2" face="Times New Roman">ARTICLE V</font></p>
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<font size="2" face="Times New Roman">OFFICERS AND AGENTS</font></p>
<p>
<font size="2" face="Times New Roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Section 5.1 In General. The officers of the Corporation will be elected by the Board of Directors and will be a President,&#160; Secretary and Treasurer. The Board of Directors may also elect a Chairman of the Board,&#160; Vice Chairman of the Board,&#160; Vice Presidents,&#160; Assistant Vice Presidents,&#160; Assistant&#160; Secretaries and Assistant&#160; Treasurers.&#160; Any&#160; two&#160; (2) or more&#160; offices&#160; may be held by the&#160; same person.</font></p>

<p><font size="2" face="Times New Roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Section 5.2&#160; Election.&#160; The Board of&#160; Directors,&#160; at its first&#160; meeting after each annual meeting of shareholders, will elect the officers, none of whom need be a member of the Board of Directors.</font></p>
<p>
<font size="2" face="Times New Roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Section 5.3 Other Officers and Agents.&#160; The Board of Directors may also elect and appoint such other officers and agents as it deems necessary, who will be elected&#160; and&#160; appointed&#160; for such&#160; terms and will&#160; exercise&#160; such&#160; powers and perform&#160; such&#160; duties&#160; as may be&#160; determined&#160; from&#160; time to time by the Board of Directors.</font></p>
<p>
<font size="2" face="Times New Roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Section 5.4&#160; Compensation.&#160; The compensation of all officers and agents of the&#160; Corporation&#160; will be fixed by the Board of Directors or any committee of the Board of Directors, if so authorized by the Board of Directors.</font></p>
<p>
<font size="2" face="Times New Roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Section 5.5 Term of Office and Removal. Each officer of the Corporation will hold office until his death, his resignation or removal from office, or the election and qualification of his successor, whichever occurs first. Any officer or agent&#160; elected or appointed&#160; by the Board of Directors&#160; may be removed at any time, for or without cause, by the affirmative&#160; vote of a majority of the entire Board of Directors,&#160; but such removal will not prejudice the contract rights, if any, of the person so removed.&#160; If the office of any officer&#160; becomes vacant for any reason, the vacancy may be filled by the Board of Directors.</font></p>
<p>
<font size="2" face="Times New Roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Section 5.6 Employment and Other Contracts.&#160; The Board of Directors may authorize&#160; any officer or officers or agent or agents to enter into any contract or&#160; execute&#160; and&#160; deliver&#160; any&#160; instrument&#160; in&#160; the&#160; name&#160; or on&#160; behalf&#160; of the Corporation,&#160; and&#160; such&#160; authority&#160; may&#160; be&#160; general&#160; or&#160; confined&#160; to&#160; specific instances.&#160; The Board of&#160; Directors&#160; may,&#160; when it believes&#160; the interest of the Corporation&#160; will&#160; best&#160; be&#160; served&#160; thereby,&#160;&#160; authorize&#160; executive&#160; employment contracts that contain such terms and conditions as the Board of Directors deems appropriate.&#160; Nothing&#160; herein will limit the authority of the Board of Directors to authorize employment contracts for shorter terms.</font></p>

<p><font size="2" face="Times New Roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Section&#160; 5.7&#160; Chairman&#160; of the&#160; Board&#160; of&#160; Directors.&#160; If the&#160; Board of Directors&#160; has elected a Chairman of the Board,&#160; he will preside at all meetings of the&#160; shareholders&#160; and&#160; the&#160; Board&#160; of&#160; Directors.&#160; Except&#160; where&#160; by law the signature of the President is required, the Chairman will have the same power as the President to sign all&#160; certificates,&#160; contracts and other instruments of the Corporation.&#160; During the absence or&#160; disability of the&#160; President,&#160; the Chairman will exercise the powers and perform the duties of the President.</font></p>
<p>
<font size="2" face="Times New Roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Section&#160; 5.8&#160; President.&#160; The&#160; President&#160; will be the&#160; Chief&#160; Executive Officer of the&#160; Corporation,&#160; unless&#160; another person is elected to serve in such capacity, and, subject to the control of the Board of Directors,&#160; will supervise</font></p>
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<font size="2" face="Times New Roman">and control all of the business and affairs of the Corporation.&#160; He will, in the absence&#160; of&#160; the&#160; Chairman&#160; of&#160; the&#160; Board,&#160; preside&#160; at&#160; all&#160; meetings&#160; of&#160; the shareholders and the Board of Directors.&#160; The President will have all powers and perform all duties&#160; incident to the office of President and will have such other powers and perform such other duties as the Board of Directors&#160; may from time to time prescribe.</font></p>
<p>
<font size="2" face="Times New Roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Section 5.9 Vice&#160; Presidents.&#160; Each Vice&#160; President will have the usual and customary&#160; powers and perform the usual and customary duties incident to the office of Vice President, and will have such other powers and perform such other duties as the Board of Directors or any committee&#160; thereof may from time to time prescribe&#160; or as the&#160; President&#160; may from time to time&#160; delegate&#160; to him. In the absence or disability&#160; of the&#160; President&#160; and the Chairman of the Board,&#160; a Vice President&#160; designated&#160; by the&#160; Board of&#160; Directors,&#160; or in the&#160; absence&#160; of such designation the Vice Presidents in the order of their seniority in office,&#160; will exercise the powers and perform the duties of the President.</font></p>

<p><font size="2" face="Times New Roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Section 5.10&#160; Secretary.&#160; The Secretary will attend all meetings of the shareholders&#160; and record all votes and the minutes of all&#160; proceedings in a book to be kept for that&#160; purpose.&#160; The&#160; Secretary&#160; will&#160; perform like duties for the Board of Directors and&#160; committees&#160; thereof when&#160; required.&#160; The Secretary&#160; will give,&#160; or cause to be given,&#160; notice of all&#160; meetings&#160; of the&#160; shareholders&#160; and special&#160; meetings of the Board of&#160; Directors.&#160; The&#160; Secretary&#160; will keep in safe custody the seal of the Corporation. The Secretary will be under the supervision of the&#160; President.&#160; The&#160; Secretary&#160; will have such other powers and perform such other duties as the Board of Directors may from time to time prescribe or as the President may from time to time delegate to
him.</font></p>
<p>
<font size="2" face="Times New Roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Section 5.11 Assistant&#160; Secretaries.&#160; The Assistant&#160; Secretaries in the order of their seniority in office,&#160; unless otherwise determined by the Board of Directors,&#160; will, in the absence or disability&#160; of the&#160; Secretary,&#160; exercise the powers and perform the duties of the Secretary. They will have such other powers and perform such other&#160; duties as the Board of&#160; Directors&#160; may from time to time prescribe or as the President may from time to time delegate to them.</font></p>
<p>
<font size="2" face="Times New Roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Section 5.12 Treasurer.&#160; The Treasurer will have responsibility for the receipt and&#160; disbursement of all corporate funds and securities,&#160; will keep full and accurate&#160; accounts of such receipts and&#160; disbursements,&#160; and will deposit or cause to be deposited all moneys and other&#160; valuable&#160; effects in the name and to the credit of the&#160; Corporation in such&#160; depositories as may be designated by the Board of Directors. The Treasurer will render to the Directors whenever they may require it an account of the operating&#160; results and&#160; financial&#160; condition of the Corporation,&#160; and will have such other&#160; powers and perform&#160; such other duties as the Board of Directors&#160; may from time to time&#160; prescribe or as the President may from time to time delegate to him.</font></p>

<p><font size="2" face="Times New Roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Section 5.13&#160; Assistant&#160; Treasurers.&#160; The&#160; Assistant&#160; Treasurers in the order of their seniority in office,&#160; unless otherwise determined by the Board of Directors,&#160; will, in the absence or disability&#160; of the&#160; Treasurer,&#160; exercise the powers and perform the duties of the Treasurer. They will have such other powers and perform such other&#160; duties as the Board of&#160; Directors&#160; may from time to time prescribe or as the President may from time to time delegate to them.</font></p>
<p>
<font size="2" face="Times New Roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Section 5.14 Bonding.&#160; The Corporation may secure a bond to protect the Corporation from loss in the event of defalcation by any of the officers,&#160; which bond may be in such&#160; form&#160; and&#160; amount&#160; and with&#160; such&#160; surety&#160; as the&#160; Board of Directors may deem appropriate.</font></p>
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<font size="2" face="Times New Roman">ARTICLE VI</font></p>
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<font size="2" face="Times New Roman">CERTIFICATES REPRESENTING SHARES</font></p>
<p>
<font size="2" face="Times New Roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Section 6.1 Form of Certificates.&#160; Certificates, in such form as may be determined by the Board of Directors,&#160; representing shares to which shareholders are entitled,&#160; will be delivered to each shareholder.&#160; Such certificates will be consecutively&#160; numbered and entered in the stock book of the Corporation as they are issued.&#160; Each&#160; certificate will state on the face thereof the holder&#146;s name, the&#160; number,&#160; class of shares,&#160; and the par value of such&#160; shares or a statement that such shares are without par value.&#160; They will be signed by the President or a Vice President and the Secretary or an Assistant Secretary,&#160; and may be sealed with the seal of the Corporation or a facsimile&#160; thereof.&#160; If any certificate is countersigned by a transfer agent, or an assistant&#160; transfer agent or registered by a registrar,&#160; either of
which is other than the Corporation or an employee of the Corporation, the signatures of the Corporation&#146;s officers may be facsimiles. In case any officer or officers who have signed, or whose facsimile signature or signatures have been used on such certificate or certificates, ceases to be such officer or officers of the Corporation, whether because of death, resignation or otherwise,&#160; before such&#160; certificate or certificates&#160; have been delivered by the Corporation or its agents,&#160; such certificate or certificates may nevertheless be adopted by the&#160; Corporation&#160; and be issued and delivered as though the person or persons who signed such certificate or certificates or whose facsimile signature or&#160; signatures&#160; have been used&#160; thereon&#160; had not&#160; ceased to be such&#160; officer&#160; or officers of the Corporation.</font></p>

<p><font size="2" face="Times New Roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Section 6.2 Lost Certificates. The Board of Directors may direct that a new certificate be issued in place of any certificate&#160; theretofore issued by the Corporation&#160; alleged&#160; to have&#160; been&#160; lost or&#160; destroyed,&#160; upon the&#160; making of an affidavit&#160; of that fact by the person&#160; claiming&#160; the&#160; certificate&#160; to be lost or destroyed.&#160; When&#160; authorizing&#160; such&#160; issue of a new&#160; certificate,&#160; the&#160; Board of Directors,&#160; in its&#160; discretion&#160; and as a&#160; condition&#160; precedent&#160; to the&#160; issuance thereof,&#160; may require the owner of such lost or&#160; destroyed&#160; certificate,&#160; or his legal&#160; representative,&#160; to&#160; advertise&#160; the same in such manner as it may require and/or to give the&#160; Corporation a bond, in such form, in such sum, and with such surety or
sureties as it may direct as&#160; indemnity&#160; against any claim that may be made against the&#160; Corporation&#160; with respect to the&#160; certificate&#160; alleged to have been lost or destroyed.&#160; When a certificate has been lost,&#160; apparently destroyed or wrongfully&#160; taken,&#160; and the holder of record fails to notify the&#160; Corporation within a reasonable time after such holder has notice of it, and the Corporation registers&#160; a&#160; transfer&#160; of the&#160; shares&#160; represented&#160; by the&#160; certificate&#160; before receiving such&#160; notification,&#160; the holder of record is precluded from making any claim against the Corporation for the transfer of a new certificate.</font></p>
<p>
<font size="2" face="Times New Roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Section 6.3&#160; Transfer of Shares.&#160; Shares of stock will be&#160; transferable only on the books of the&#160; Corporation by the holder thereof in person or by such holder&#146;s duly&#160; authorized&#160; attorney.&#160; Upon&#160; surrender to the&#160; Corporation or the transfer&#160; agent of the&#160; Corporation&#160; of a certificate&#160; representing&#160; shares duly endorsed&#160; or&#160; accompanied&#160; by&#160; proper&#160; evidence&#160; of&#160; succession,&#160; assignment&#160; or authority to transfer,&#160; it will be the duty of the&#160; Corporation&#160; or the transfer agent of the&#160; Corporation&#160; to issue a new&#160; certificate&#160; to the&#160; person&#160; entitled thereto, cancel the old certificate and record the transaction upon its books.</font></p>
<p>
<font size="2" face="Times New Roman">
&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; Section 6.4 Registered&#160; Shareholders.&#160; The
Corporation will be entitled to treat the&#160; holder of record of any share or shares of stock as the&#160; holder in</font></p>

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<font size="2" face="Times New Roman">fact thereof and,&#160; accordingly,&#160; will not be bound to recognize any equitable or other&#160; claim to or&#160; interest&#160; in such&#160; share or&#160; shares on the part of any other person,&#160; whether&#160; or not it has&#160; express&#160; or other&#160; notice&#160; thereof,&#160; except&#160; as otherwise provided by law.</font></p>
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<font size="2" face="Times New Roman">ARTICLE VII</font></p>
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<font size="2" face="Times New Roman">GENERAL PROVISIONS</font></p>
<p>
<font size="2" face="Times New Roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Section 7.1&#160; Dividends.&#160; Dividends upon the&#160; outstanding&#160; shares of the Corporation, subject to the provisions of the Articles of Incorporation, if any, may be declared&#160; by the Board of&#160; Directors&#160; at any regular or special&#160; meeting. Dividends&#160; may be declared and paid in cash,&#160; in&#160; property,&#160; or in shares of the Corporation,&#160; subject to the&#160; provisions&#160; of&#160; Chapter&#160; 78 of the Nevada&#160; Revised Statutes and the Articles of&#160; Incorporation.&#160; The Board of Directors&#160; may fix in advance a record date for the purpose of&#160; determining&#160; shareholders&#160; entitled to receive payment of any dividend, such record date to be not more than sixty (60) days prior to the payment date of such&#160; dividend,&#160; or the Board of Directors may close the stock&#160; transfer&#160; books for such&#160; purpose
for a period of not more than sixty (60) days prior to the payment&#160; date of such&#160; dividend.&#160; In the absence of any action by the Board of Directors, the date upon which the Board of Directors adopts the resolution declaring such dividend will be the record date.</font></p>
<p>
<font size="2" face="Times New Roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Section 7.2&#160; Reserves.&#160; There may be created by resolution of the Board of Directors out of the surplus of the&#160; Corporation&#160; such reserve or reserves as the Directors from time to time, in their discretion, deem proper to provide for contingencies,&#160; or to equalize dividends,&#160; or to repair or maintain any property of the&#160; Corporation,&#160; or for&#160; such&#160; other&#160; purpose&#160; as the&#160; Directors&#160; may&#160; deem beneficial to the Corporation,&#160; and the Directors may modify or abolish any such reserve in the manner in which it was created. Surplus of the Corporation to the extent so reserved&#160; will not be available&#160; for the payment of dividends or other distributions by the Corporation.</font></p>

<p><font size="2" face="Times New Roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Section 7.3 Telephone and Similar Meetings. Shareholders, Directors and committee&#160; members may&#160; participate&#160; in and hold meetings by means of conference telephone or similar communications equipment by which all persons participating in the&#160; meeting&#160; can hear&#160; each&#160; other.&#160; Participation&#160; in such a&#160; meeting&#160; will constitute presence in person at the meeting, except where a person participates in the meeting for the express&#160; purpose of&#160; objecting,&#160; at the&#160; beginning of the meeting,&#160; to the&#160; transaction of any business on the ground that the meeting had not been lawfully called or convened.</font></p>
<p>
<font size="2" face="Times New Roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Section 7.4 Books and Records.&#160; The&#160; Corporation&#160; will keep correct and complete&#160; books and&#160; records of account and&#160; minutes of the&#160; proceedings&#160; of its shareholders and Board of Directors,&#160; and will keep at its registered&#160; office or principal&#160; place&#160; of&#160; business,&#160; or at the&#160; office&#160; of&#160; its&#160; transfer&#160; agent&#160; or registrar,&#160; a record of its shareholders,&#160; giving the names and addresses of all shareholders and the number and class of the shares held by each.</font></p>
<p>
<font size="2" face="Times New Roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Section 7.5 Fiscal&#160; Year.&#160; The fiscal year of the&#160; Corporation&#160; will be fixed by resolution of the Board of Directors.</font></p>
<p>
<font size="2" face="Times New Roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Section 7.6 Seal. The Corporation may have a seal, and such seal may be used by&#160; causing&#160; it or a&#160; facsimile&#160; thereof&#160; to be&#160; impressed&#160; or&#160; affixed&#160; or reproduced or otherwise.&#160; Any officer of the Corporation&#160; will have authority to affix the seal to any document requiring it.</font></p>
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<font size="2" face="Times New Roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Section&#160; 7.7&#160; Indemnification.&#160;&#160; The&#160; Corporation&#160; will&#160; indemnify&#160; its Directors&#160; to the&#160; fullest&#160; extent&#160; permitted&#160; by the&#160; Chapter&#160; 78 of the Nevada Revised&#160; Statutes&#160; and may,&#160; if and to the&#160; extent&#160; authorized&#160; by the&#160; Board of Directors,&#160; so indemnify its officers and any other person whom it has the power to indemnify against liability, reasonable expense or other matter whatsoever.</font></p>

<p><font size="2" face="Times New Roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Section 7.8&#160; Insurance.&#160; The&#160; Corporation&#160; may at the discretion of the Board of Directors&#160; purchase and maintain insurance on behalf of the Corporation and any person whom it has the power to indemnify&#160; pursuant to law, the Articles of Incorporation, these Bylaws or otherwise.</font></p>
<p><font size="2" face="Times New Roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Section 7.9 Resignation.&#160; Any Director,&#160; officer or agent may resign by giving written notice to the President or the Secretary.&#160; Such&#160; resignation will take effect at the time specified therein or immediately if no time is specified therein.&#160; Unless otherwise specified therein, the acceptance of such resignation will not be necessary to make it effective.</font></p>
<p><font size="2" face="Times New Roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Section 7.10 Amendment of Bylaws. These Bylaws may be altered,&#160; amended or&#160; repealed&#160; at any&#160; meeting&#160; of the&#160; Board of&#160; Directors&#160; at which a quorum is present,&#160; by the affirmative vote of a majority of the Directors present at such meeting.</font></p>
<p><font size="2" face="Times New Roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Section&#160; 7.11 Invalid&#160; Provisions.&#160; If any part of these Bylaws is held invalid or inoperative for any reason,&#160; the remaining&#160; parts, so far as possible and reasonable, will be valid and operative.</font></p>
<p><font size="2" face="Times New Roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Section 7.12&#160; Relation to Articles of&#160; Incorporation.&#160; These Bylaws are subject to, and governed by, the Articles of Incorporation. </font></p>

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