Laserfiche WebLink
be given. If mailed, such notice shall be deemed to be delivered when deposited in the United <br />States mail, addressed to the shareholder at his address as it appears on the stock transfer books <br />of the Corporation, with postage thereon prepaid; but if three successive letters mailed to the last <br />known address of any shareholder of record are returned as undeliverable, no further notices to <br />such shareholder shall be necessary until another address for such shareholder is made known to <br />the Corporation. <br />5. Waiver of Notice. When any notice is required to be given to any shareholder <br />of the corporation under the provisions of these Bylaws or under the provisions of the articles of <br />incorporation or the laws of Colorado, a waiver thereof in writing signed by the person entitled <br />to such notice, whether before, at, or after the time stated therein, shall be equivalent to the <br />giving of such notice. <br />By attending a meeting, a shareholder: <br />(a) Waives objection to lack of notice or defective notice of such meeting <br />unless the shareholder, at the beginning of the meeting, objects to the holding of the <br />meeting or the transacting of business at the meeting; and <br />(b) Waives objection to consideration at such meeting of a particular matter <br />not within the purpose or purposes described in the meeting notice unless the shareholder <br />objects to considering the matter when it is presented. <br />6. Record Date. The record date, for the determination of shareholders entitled to <br />notice of or to vote at a meeting of shareholders, or of shareholders entitled to receive payment <br />of a dividend, shall be the date on which the meeting notice is mailed or the date on which the <br />resolution of the Board of Directors declaring that such dividend is adopted, as the case may be. <br />7. Voting Lists. The officer or agent having charge of the stock transfer books for <br />shares of the Corporation shall make, at least ten (10) days before each meeting of the <br />shareholders, a complete list of the shareholders entitled to vote at such meeting, or any <br />adjournment thereof, arranged in alphabetical order, with the address of, and the number of <br />shares held by each, which list, for a period of ten (10) days prior to such meeting, shall be kept <br />on file at the principal office of the Corporation and shall be subject to inspection by any <br />shareholder at any time during usual business hours. Such list shall also be produced and kept <br />open at the time and place of the meeting and shall be subject to the inspection of any <br />shareholder during the whole time of the meeting. The original stock transfer book shall be <br />prima facie evidence as to which shareholders are entitled to examine such list or transfer books <br />or to vote at any meeting of shareholders. <br />8. Quorum. A majority of the outstanding shares of the Corporation entitled to <br />vote, represented in person or by proxy, shall constitute a quorum at a meeting of shareholders. <br />2 <br />