Offshore Banking with a Swiss Bank Account and Nevis LLC

Restrictions 32. (1) A restriction on the transfer of shares of a corporation
on transfer may be imposed either by the articles of incorporation or
of shares. by the bylaws or by an agreement among any number of
shareholders or among such shareholders and the
corporation. No restriction so imposed shall be binding
with respect to shares issued prior to the adoption of the
restriction unless the holders of such shares are parties to an
agreement or voted in favor of the restriction. Any
restriction which absolutely prohibits the transfer of shares
shall be null and void.
(2) Restrictions on the transfer of shares include those
which:
(i) Obligate the holder of the restricted shares to
offer to the corporation or to any other holders of
securities of the corporation or to any person or to
any combination of the foregoing, a prior
opportunity, to be exercised within a reasonable
time, to acquire the restricted shares: or
(ii) Obligate the corporation or any holder of shares
of the corporation or any other person or any
combination of the foregoing, to purchase at a
specified price the shares which are the subject of
an agreement respecting the purchase and sale of
the restricted securities.
(3) Any transfer restriction adopted under this
section shall be noted on the face or the back of the stock
certificate.
(4) Any person becoming entitled by operation of
law or otherwise to a share or shares in consequence of the
death, insanity or bankruptcy of any shareholder of a
corporation incorporated under this Ordinance may be
registered as a shareholder upon such evidence being
produced as may reasonably be required by the directors.
An application by any such person to be registered as a
shareholder shall for all purposes be deemed a transfer of
shares of the deceased, insane or bankrupt shareholder and
the directors shall treat it as such.