STATE OF NEVADA
ARTICLES OF INCORPORATION
OF
ARCTURUS VENTURES, INC.
The undersigned, desiring to form, organize and incorporate a corporation under
the laws of the State of Nevada, hereby adopts the following Articles of
Incorporation and certifies:
ARTICLE I
The name of this corporation shall be:
ARCTURUS VENTURES, INC.
ARTICLE II
This corporation may engage in any activity or business permitted under the laws
of the State of Nevada, and shall enjoy all the rights and privileges of a
corporation granted by the laws of the State of Nevada.
ARTICLE III
The aggregate number of shares which the corporation shall have authority to
issue is One Hundred Ten Million (110,000,000) shares, divided into:
10,000,000 Preferred Shares, having a par value of one tenth of a cent
($.001) per share, and
100,000,000 Common Shares, having a par value of one tenth of a cent
($.001) per share
A statement of the preferences, privileges, and restrictions granted to or
imposed upon the respective classes of shares or the holders thereof is as
follows:
A. Common Shares. The terms of the 100,000,000 Common Shares of the
corporation shall be as follows:
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(1) Dividends. Whenever cash dividends upon the Preferred Shares of all
series thereof at the time outstanding, to the extent of the preference to which
such shares are entitled, shall have been paid in full for all past dividend
periods, or declared and set apart for payment, such dividends, payable in cash,
stock, or otherwise, as may be determined by the Board of Directors, may be
declared by the Board of Directors and paid from time to time to the holders of
the Common Shares out of the remaining net profits or surplus of the
corporation.
(2) Liquidation. In the event of any liquidation, dissolution, or
winding up of the affairs of the corporation, whether voluntary or involuntary,
all assets and funds of the corporation remaining after the payment to the
holders of the Preferred Shares of all series thereof of the full amounts to
which they shall be entitled as hereinafter provided, shall be divided and
distributed among the holders of the Common Shares according to their respective
shares.
(3) Voting rights. Each holder of a Common Share shall have one vote in
respect of each share of such stock held by him. There shall not be cumulative
voting.
B. Preferred Shares. Prior to the issuance of any of the Preferred Shares,
the Board of Directors shall determine the number of Preferred Shares to then be
issued from the Ten Million (10,000,000) shares authorized, and such shares
shall constitute a series of the Preferred Shares. Such series shall have such
preferences, limitations, and relative rights as the Board of Directors shall
determine and such series shall be given a distinguishing designation. Each
share of a series shall have preferences, limitations, and relative rights
identical with those of all other shares of the same series. Except to the
extent otherwise provided in the Board of Directors' determination of a series,
the shares of such series shall have preferences, limitations, and relative
rights identical with all other series of the Preferred Shares. Preferred Shares
may have dividend or liquidation rights which are prior (superior or senior) to
the dividend and liquidation rights and preferences of the Common Shares and any
other series of the Preferred Shares. Also, any series of the Preferred Shares
may have voting rights.
ARTICLE IV
The corporation is to have perpetual existence.
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ARTICLE V
The business and property of the corporation shall be managed by a Board of
Directors of not fewer than one (1) nor more than twenty-one (21) directors, who
shall be natural persons of full age, and who shall be elected annually by the
shareholders having voting rights, for the term of one year, and shall serve
until the election and acceptance of their duly qualified successors. In the
event of any delay in holding, or adjournment of, or failure to hold an annual
meeting, the terms of the sitting directors shall be automatically continued
indefinitely until their successors are elected and qualified. Directors need
not be residents of the State of Nevada nor shareholders. Any vacancies,
including vacancies resulting from an increase in the number of directors, may
be filled by the Board of Directors, though less than a quorum, for the
unexpired term. The Board of Directors shall have full power, and it is hereby
expressly authorized, to increase or decrease the number of directors from time
to time without requiring a vote of the shareholders.
The initial Board of Directors shall consist of one (1) member, the name and
address of whom, subject to the provisions of the Articles of Incorporation, the
By-Laws, and the corporation laws of the State of Nevada, shall hold office for
the first year of the corporation's business and existence, or until his
successor is elected and has qualified is:
NAME ADDRESS
Andrea Cataneo 12 South Third Avenue
Mine Hill, New Jersey 07803
ARTICLE VI
The private property of the shareholders of the corporation shall not be subject
to the payment of the corporation's debts to any extent whatsoever.
ARTICLE VII
The corporation hereby designates, as its Resident Agent, to accept service of
process within the State:
CSC Services of Nevada, Inc.
502 E. John Street, Room E
Carson City, Nevada 89706
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ARTICLE VIII
The following indemnification provisions shall be deemed to be contractual in
nature and not subject to retroactive removal or reduction by amendment.
(a) This corporation shall indemnify any director and any officer who
was or is a party or is threatened to be made a party to any threatened, pending
or completed action, suit or proceeding, whether civil or criminal, judicial,
administrative or investigative, by reason of the fact that he/she is or was
serving at the request of this corporation as a director or officer or member of
another corporation, partnership, joint venture, trust, or other enterprise,
against expenses (including attorneys' fees), judgments, fines, and amounts paid
in settlement, actually and reasonably incurred by him/her in connection with
such action, suit or proceeding, including any appeal thereof, if he/she acted
in good faith or in a manner he/she reasonably believed to be in, or not opposed
to, the best interests of this corporation, and with respect to any criminal
action or proceeding, if he/she had no reasonable cause to believe his/her
conduct was unlawful. However, with respect to any action by or in the right of
this corporation to procure a judgment in its favor, no indemnification shall be
made in respect of any claim, issue, or matter as to which such person is
adjudged liable for negligence or misconduct in the performance of his/her duty
to the corporation unless, and only to the extent that, the court in which such
action or suit was brought determines, on application, that despite the
adjudication of liability, such person is fairly and reasonably entitled to
indemnity in view of all the circumstances of the case. Termination of any
action, suit or proceeding by judgment, order, settlement, conviction, or in a
plea of nolo contendere or its equivalent, shall not, of itself, create a
presumption that the party did not meet the applicable standard of conduct.
Indemnification hereunder may be paid by the corporation in advance of the final
disposition of any action, suit or proceeding, on a preliminary determination
that the director, officer, employee or agent met the applicable standard of
conduct.
(b) The corporation shall also indemnify any director or officer who
has been successful on the merits or otherwise, in defense of any action, suit,
or proceeding, or in defense of any claim, issue, or matter therein, against all
expenses, including attorneys' fees, actually and reasonably incurred by him/her
in connection therewith, without the necessity of an independent determination
that such director or officer met any appropriate standard of conduct.
(c) The indemnification provided for herein shall continue as to any
person who has ceased to be a director or officer, and shall inure to the
benefit of the heirs, executors, and administrators of such persons.
(d) In addition to the indemnification provided for herein, the
corporation shall have power to make any other or further indemnification,
except an indemnification against gross negligence or willful misconduct, under
any resolution or agreement duly adopted by the Board of Directors, or duly
authorized by a majority of the shareholders.
ARTICLE IX
No director of the corporation shall be personally liable to the corporation or
its shareholders for monetary damages for breach of fiduciary duty as a
director; provided, that the foregoing clause shall not apply to any liability
of a director for any action for which the Nevada Business Corporation Act
proscribes this limitation and then only to the extent that this limitation is
specifically proscribed.
ARTICLE X
In case the corporation enters into contracts or transacts business with one or
more of its directors, or with any firm of which one or more of its directors
are members, or with any other corporation or association of which one or more
of its directors are shareholders, directors, or officers, such contracts or
transactions shall not be invalidated or in any way affected by the fact that
such director or directors have or may have an interest therein which is or
might be adverse to the interest of this corporation, provided that such
contracts or transactions are in the usual course of business.
In the absence of fraud, no contract or other transaction between this
corporation and any other corporation or any individual or firm, shall in any
way be affected or invalidated by the fact that any of the directors of this
corporation is interested in such contract or transaction, provided that such
interest shall be fully disclosed or otherwise known to the Board of Directors
in the meeting of such Board at which time such contract or transaction was
authorized or confirmed, and provided, however, that any such directors of this
corporation who are so interested may be counted in determining the existence of
a quorum at any meeting of the Board of Directors of this corporation which
shall authorize or confirm such contract or transaction, and any such director
may vote thereon to authorize any such contract or transaction with the like
force and effect as if he were not such director or officer of such other
corporation or not so interested.
ARTICLE XI
The provisions of NRS 78.378 to 78.3793 (as currently numbered) or any
similar provisions hereinafter adopted shall not apply to this corporation.
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ARTICLE XII
The name and address of the incorporator is:
Andrea Cataneo, Esq.
12 South Third Avenue
Mine Hill, New Jersey 07803
IN WITNESS WHEREOF, I, the undersigned, for the purpose of forming a
corporation pursuant to the laws of the State of Nevada, have hereunto duly
executed the foregoing Articles of Incorporation to be filed in the Office of
the Secretary of the State of Nevada for the purposes therein set forth this
23rd day of February, 2000.
/s/ Andrea Cataneo
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Andrea Cataneo
STATE OF NEW JERSEY )
)SS
COUNTY OF MORRIS )
IN WITNESS WHEREOF, I, the undersigned, for the purpose of forming a
corporation pursuant to the laws of the State of Nevada, have hereunto duly
executed the foregoing Articles of Incorporation to be filed in the Office of
the Secretary of the State of Nevada for the purposes therein set forth this
23rd day of February 2000.
/s/ Patricia Nixon
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STATE OF DELAWARE :
SS:
COUNTY OF NEW CASTLE :
On this day of June 2000, before me, a Notary Public, personally appeared who
acknowledged that he/she executed the above instrument.
/s/ Signature Illegible
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Notary Public
CERTIFICATE OF ACCEPTANCE
OF
APPOINTMENT OF RESIDENT AGENT
I, _______________________________, Authorized Representative, on behalf of CSC
Services of Nevada, Inc., hereby accept appointment as Resident Agent of the
above-named corporation.
/s/ Signature Illegible June 22, 2000
-----------------------
Authorized Representative
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