Washington | 47-0956945 | |
(State of incorporation or organization) | (I.R.S. Employer Identification No.) |
Title of each class
to be so registered |
Name of each exchange on which
each class is to be registered |
3.1
|
Articles of Incorporation of the registrant, as amended and corrected. | |
|
||
3.2
|
Bylaws of the registrant. | |
|
||
4.1
|
Form of Specimen Common Stock Certificate. |
MERCER INTERNATIONAL INC. |
||||
By | /s/ David M. Gandossi | |||
David M. Gandossi | ||||
Secretary, Executive Vice President and
Chief Financial Officer Date March 1, 2006 |
||||
(a) 200,000,000 shares of common stock, par value $1.00 ( Common Stock ). | |
(b) 50,000,000 shares of preferred stock, par value $1.00 ( Preferred Stock ). |
1
4.2.1 The number of shares in and the distinguishing designation of that series; | |
4.2.2 Whether shares of that series shall have full, special, conditional, limited or no voting rights, except to the extent otherwise provided by the Act; | |
4.2.3 Whether shares of that series shall be convertible and the terms and conditions of the conversion, including provision for adjustment of the conversion rate in circumstances determined by the Board of Directors; | |
4.2.4 Whether shares of that series shall be redeemable and the terms and conditions of redemption, including the date or dates upon or after which they shall be redeemable and the amount per share payable in case of redemption, which amount may vary under different conditions or at different redemption dates; | |
4.2.5 The dividend rate, if any, on shares of that series, the manner of calculating any dividends and the preference of any dividends; | |
4.2.6 The rights of shares of that series in the event of voluntary or involuntary dissolution of the Corporation and the rights of priority of that series relative to the Common Stock and any other series of Preferred Stock on the distribution of assets on dissolution; and | |
4.2.7 Any other rights, preferences and limitations of that series that are permitted by the Act. |
2
(a) Subject to the provision for adjustment hereinafter set forth, each share of Series A Preferred Stock shall entitle the holder thereof to 100 votes on all matters submitted to a vote of the shareholders of the Company. In the event the Company shall at any time after the Rights Declaration Date (i) declare any dividend on Common Stock payable in shares of Common Stock, (ii) subdivide the outstanding Common Stock, or (iii) combine the outstanding Common Stock into a smaller number of shares, then in each such case the number of votes per share to which holders of shares of Series A Preferred Stock were entitled immediately prior to such event shall be adjusted by multiplying such number by a fraction the numerator of which is the number of shares of Common Stock outstanding immediately after such event and the denominator of which is the number of shares of Common Stock that were outstanding immediately prior to such event. |
3
(b) Except as otherwise provided herein or by law, the holders of shares of Series A Preferred Stock and the holders of shares of Common Stock shall vote together as one class on all matters submitted to a vote of shareholders of the Company. | |
(c) The following provisions shall apply in a default period (as defined below). |
(i) If at any time dividends on any Series A Preferred Stock shall be in arrears in an amount equal to six (6) quarterly dividends thereon, the occurrence of such contingency shall mark the beginning of a period (herein called a default period) which shall extend until such time when all accrued and unpaid dividends for all previous quarterly dividend periods and for the current quarterly dividend period on all shares of Series A Preferred Stock then outstanding shall have been declared and paid or set apart for payment. During each default period, all holders of Preferred Stock (including holders of the Series A Preferred Stock) with dividends in arrears in an amount equal to six (6) quarterly dividends thereon, voting as a class, irrespective of series, shall have the right to elect two (2) directors. | |
(ii) During any default period, such voting right of the holders of Series A Preferred Stock may be exercised initially at a special meeting called pursuant to Article 4.5.2(c)(iii) or at any annual meeting of shareholders, and thereafter at annual meetings of shareholders, provided that neither such voting right nor the right of the holders of any other series of Preferred Stock, if any, to increase, in certain cases, the authorized number of directors shall be exercised unless the holders of ten percent (10%) in number of shares of Preferred Stock outstanding shall be present in person or by proxy. The absence of a quorum of the holders of Common Stock shall not affect the exercise by the holders of Preferred Stock of such voting right. At any meeting at which the holders of Preferred Stock shall exercise such voting right initially during an existing default period, they shall have the right, voting as a class, to elect directors to fill such vacancies, if any, in the directors as may then exist up to two (2) directors or, if such right is exercised at an annual meeting, to elect two (2) directors. If the number which may be so elected at any special meeting does not amount to the required number, the holders of the Preferred Stock shall have the right to make such increase in the number of directors as shall be necessary to permit the election by them of the required number. After the holders of the Preferred Stock shall have exercised their right to elect directors in any default period and during the continuance of such period, the number of directors shall not be increased or decreased except by vote of the holders of Preferred Stock as herein provided or pursuant to the rights of any equity securities ranking senior to or pari passu with the Series A Preferred Stock. | |
(iii) Unless the holders of Preferred Stock shall, during an existing default period, have previously exercised their right to elect directors, the Board of Directors may order, or any shareholder or shareholders owning in the aggregate not less than ten percent (10%) of the total number of shares of Preferred Stock outstanding, irrespective of series, may request, the calling of a special meeting of the holders of Preferred Stock, which meeting shall thereupon be called by the President, a Vice-President or the Secretary of the Company. Notice of such meeting and of any annual meeting at which holders of Preferred Stock are entitled to vote pursuant to this Article 4.5.2(c)(iii) shall be given to each holder of record of Preferred Stock by mailing a copy of such notice to him at his last address as the same appears on the books of the Company. Such meeting shall be called for a time not earlier than 20 days and not later than 60 days after such order or request or in default of the calling of such meeting within 60 days after such order or request, such meeting may be called on similar notice by any shareholder or shareholders owning in the aggregate not less than ten percent (10%) of the total number of shares of Preferred Stock outstanding. Notwithstanding the provisions of this Article 4.5.2(c)(iii), no such special meeting shall be called during the period within 60 days immediately preceding the date fixed for the next annual meeting of the shareholders. | |
(iv) In any default period, the holders of Common Stock, and other classes of stock of the Company if applicable, shall continue to be entitled to elect the whole number of directors until the |
4
holders of Preferred Stock shall have exercised their right to elect two (2) directors voting as a class, after the exercise of which right (x) the directors so elected by the holders of Preferred Stock shall continue in office until their successors shall have been elected by such holders or until the expiration of the default period, and (y) any vacancy in the directors may (except as provided in Article 4.5.2 (c)(ii)) be filled by vote of a majority of the remaining directors theretofore elected by the holders of the class of stock which elected the director whose office shall have become vacant, or if no such directors are in office, by the holders of the Preferred Stock. References in this Article 4.5.2(c) to directors elected by the holders of a particular class of stock shall include directors elected by such directors to fill vacancies as provided in clause (y) of the foregoing sentence. | |
(v) Immediately upon the expiration of a default period, (x) the right of the holders of Preferred Stock as a class to elect directors shall cease, (y) the term of any directors elected by the holders of Preferred Stock as a class shall terminate, and (z) the number of directors shall be such number as may be provided for in these Articles of Incorporation or Bylaws of the Corporation irrespective of any increase made pursuant to the provisions of Article 4.5.2(c)(ii) (such number being subject, however, to change thereafter in any manner provided by law or in these Articles of Incorporation or Bylaws of the Corporation). Any vacancies in the Directors effected by the provisions of clauses (y) and (z) in the preceding sentence may be filled by a majority of the remaining directors. |
(d) Except as set forth herein or otherwise required by law, holders of Series A Preferred Stock shall have no special voting rights and their consent shall not be required (except to the extent they are entitled to vote with holders of Common Stock as set forth herein) for taking any corporate action. |
(i) Declare or pay dividends on, make any other distributions on, or redeem or purchase or otherwise acquire for consideration any shares of stock ranking junior (either as to dividends or upon liquidation, dissolution or winding up) to the Series A Preferred Stock; | |
(ii) declare or pay dividends on or make any other distributions on any shares of stock ranking on a parity (either as to dividends or upon liquidation, dissolution or winding up) with the Series A Preferred Stock, except dividends paid ratably on the Series A Preferred Stock and all such parity stock on which dividends are payable or in arrears in proportion to the total amounts to which the holders of all such shares are then entitled; | |
(iii) redeem or purchase or otherwise acquire for consideration shares of any stock ranking on a parity (either as to dividends or upon liquidation, dissolution or winding up) with the Series A Preferred Stock, provided that the Company may at any time redeem, purchase or otherwise acquire shares of any such parity stock in exchange for shares of any stock of the Company ranking junior (either as to dividends or upon dissolution, liquidation or winding up) to the Series A Preferred Stock; | |
(iv) purchase or otherwise acquire for consideration any shares of Series A Preferred Stock, or any shares of stock ranking on a parity with the Series A Preferred Stock, except in accordance with a purchase offer made in writing or by publication (as determined by the Board of Directors) to all holders of such shares upon such terms as the Board of Directors after consideration of the respective annual dividend rates and other relative rights and preferences of the respective series and classes, shall determine in good faith will result in fair and equitable treatment among the respective series or classes. |
5
6
7
8
Jeffry A. Shelby | |
701 Fifth Avenue | |
Suite 6100 | |
Seattle, Washington 98104-7098 |
/s/ Jeffry A. Shelby | |
|
|
Jeffry A. Shelby, Sole Incorporator |
9
5.1 Number of Directors . Subject to the rights of the holders of any series of Preferred Stock as set out in these Articles of Incorporation, the number of directors of the Corporation shall be as set forth in the Bylaws. | |
5.2 Vacancies . Vacancies in the Board of Directors may be filled by a majority of the remaining directors, though less than a quorum, or by a sole remaining director. The shareholders may elect a director at any time to fill any vacancy not filled by the directors. | |
5.3 Bylaws . In furtherance and not in limitation of the powers conferred by statute, the Board of Directors shall have the power to make, adopt, amend or repeal the Bylaws, or adopt new Bylaws for this Corporation, by a resolution adopted by a majority of the directors. |
MERCER INTERNATIONAL REGCO INC. |
By: | /s/ David M. Gandossi |
|
|
David M. Gandossi, Treasurer and Secretary |
10
11
MERCER INTERNATIONAL REGCO, INC.
|
||||
By: | /s/ Jimmy S.H. Lee | |||
Jimmy S.H. Lee, President | ||||
12
Page | ||||||||
ARTICLE 1. OFFICES | 4 | |||||||
1.1 |
Principal Office
|
4 | ||||||
1.2 |
Registered Office and Registered Agent
|
4 | ||||||
1.3 |
Other Offices
|
4 | ||||||
ARTICLE 2. SHAREHOLDERS | 4 | |||||||
2.1 |
Annual Meeting
|
4 | ||||||
2.2 |
Special Meetings
|
5 | ||||||
2.3 |
Notice of Meetings
|
5 | ||||||
2.4 |
Quorum
|
6 | ||||||
2.5 |
Voting of Shares
|
6 | ||||||
2.6 |
Adjourned Meetings
|
6 | ||||||
2.7 |
Record Date
|
7 | ||||||
2.8 |
Record of Shareholders Entitled to Vote
|
7 | ||||||
2.9 |
Telephonic Meetings
|
7 | ||||||
2.10 |
Proxies
|
7 | ||||||
2.11 |
Organization
|
7 | ||||||
ARTICLE 3. BOARD OF DIRECTORS | 8 | |||||||
3.1 |
Management Responsibility
|
8 | ||||||
3.2 |
Number of Directors, Qualification
|
8 | ||||||
3.3 |
Election
|
8 | ||||||
3.4 |
Vacancies
|
8 | ||||||
3.5 |
Resignation
|
8 | ||||||
3.6 |
Removal
|
8 | ||||||
3.7 |
Annual Meeting
|
8 | ||||||
3.8 |
Regular Meetings
|
9 | ||||||
3.9 |
Special Meetings
|
9 | ||||||
3.10 |
Notice of Meeting
|
9 | ||||||
3.11 |
Quorum of Directors
|
9 | ||||||
3.12 |
Presumption of Assent
|
9 | ||||||
3.13 |
Action by Directors Without a Meeting
|
10 | ||||||
3.14 |
Telephonic Meetings
|
10 | ||||||
3.15 |
Compensation
|
10 | ||||||
3.16 |
Committees
|
10 | ||||||
ARTICLE 4. OFFICERS | 10 | |||||||
4.1 |
Appointment
|
10 | ||||||
4.2 |
Qualification
|
11 | ||||||
4.3 |
Officers Designated
|
11 | ||||||
4.4 |
Delegation
|
12 |
2
Page | ||||||||
4.5 |
Resignation
|
12 | ||||||
4.6 |
Removal
|
12 | ||||||
4.7 |
Vacancies
|
12 | ||||||
4.8 |
Compensation
|
12 | ||||||
ARTICLE 5. EXECUTION OF CORPORATION INSTRUMENTS AND VOTING OF SECURITIES OWNED BY THE CORPORATION | 12 | |||||||
5.1 |
Execution of Corporate Instruments
|
12 | ||||||
5.2 |
Voting of Securities Owned by the Corporation
|
13 | ||||||
ARTICLE 6. STOCK | 13 | |||||||
6.1 |
Form and Execution of Certificates
|
13 | ||||||
6.2 |
Lost Certificates
|
13 | ||||||
6.3 |
Transfers
|
13 | ||||||
6.4 |
Registered Shareholders
|
14 | ||||||
6.5 |
Execution of Other Securities
|
14 | ||||||
ARTICLE 7. BOOKS AND RECORDS | 14 | |||||||
7.1 |
Books of Accounts, Minutes and Share Register
|
14 | ||||||
7.2 |
Copies of Resolutions
|
15 | ||||||
ARTICLE 8. FISCAL YEAR | 15 | |||||||
ARTICLE 9. CORPORATE SEAL | 15 | |||||||
ARTICLE 10. INDEMNIFICATION | 15 | |||||||
10.1 |
Right to Indemnification
|
15 | ||||||
10.2 |
Right of Indemnitee to Bring Suit
|
15 | ||||||
10.3 |
Nonexclusivity of Rights
|
16 | ||||||
10.4 |
Insurance, Contracts and Funding
|
16 | ||||||
10.5 |
Indemnification of Employees and Agents of the Corporation
|
16 | ||||||
10.6 |
Persons Serving Other Entities
|
16 | ||||||
ARTICLE 11. AMENDMENT OF BYLAWS | 16 |
3
(a) The annual meeting of the shareholders of the Corporation for the election of directors and for the transaction of such other business as may properly come before the meeting shall be held each year on a date and at a time and place to be set by the Board of Directors. | ||
(b) Only persons who are nominated in accordance with the procedures set forth in this Section 2.1(b) shall be eligible for election as directors. Nominations of persons for election to the Board of Directors of the Corporation may be made at a meeting of stockholders by or at the direction of the Board of Directors or by any stockholder of the Corporation entitled to vote for the election of directors at the meeting who complies with the notice procedures set forth in this Section 2.1(b). Such nominations, other than those made by or at the direction of the Board of Directors, shall be made pursuant to timely notice in writing to the secretary of the Corporation. Stockholders may bring other business before the annual meeting, provided that timely notice is provided to the secretary of the Corporation in accordance with this section, and provided further that such business is a proper matter for stockholder action under the Washington Business Corporation Act. To be timely, a stockholders notice shall be delivered to or mailed and received at the principal executive offices of the Corporation not less than ninety (90) days nor more than one hundred twenty (120) days prior to the anniversary date of the prior years meeting; provided, however, that in the event that (i) the date of the annual meeting is more than thirty (30) days prior to or more than sixty (60) days after such anniversary date, and (ii) less than sixty (60) days notice or prior public disclosure of the date of the meeting is given or made to stockholders, notice by the stockholder to be timely must be so received not later than the close of business on the tenth (10 th ) day following the day on which such notice of the date of the meeting was mailed or such public disclosure was made. Such stockholders notice shall set forth (a) as to each person whom the stockholder proposes to nominate for election or re-election as a directors, (i) the name, age, business address and residence address of such person, (ii) the principal occupation or employment of such person, (iii) the class and number of shares of the |
C-4
Corporation which are beneficially owned by such person and (iv) any other information relating to such person that is required to be disclosed in solicitations of proxies for election of directors, or is otherwise required, in each case pursuant to Regulation 14A under the Securities Exchange Act of 1934 (including, without limitation, such persons written consent to being name in the proxy statement as a nominee and to serving as a director if elected); (b) as to any other business that the stockholder proposes to bring before the meeting, a brief description of such business, the reasons for conducting such business at the meeting and any material interest in such business of such stockholder and the beneficial owner, if any, on whose behalf the proposal is made; and (c) as to the stockholder giving the notice and the beneficial owner, if any, on whose behalf the proposal is made (i) the name and address of the stockholder, as they appear on the Corporations books, and of such beneficial owner and (ii) the class and number of shares of the Corporation which are owned of record by such stockholder and beneficially by such beneficial owner. At the request of the Board of Directors any person nominated by the Board of Directors for election as a director shall furnish to the secretary of the Corporation that information required to be set forth in a stockholders notice of nomination which pertains to the nominee. No person shall be eligible for election as a director of the Corporation unless nominated in accordance with the procedures set forth in this Section 2.1(b). The chairman of the meeting shall, if the facts warrant, determine and declare to the meeting that a nomination was not made in accordance with the procedures prescribed by the Bylaws, and if he or she should so determine, he or she shall so declare to the meeting and the defective nomination shall be disregarded. |
5
(a) Notice of Special Meeting . In the case of a special meeting, the written notice shall also state with reasonable clarity the purpose or purposes for which the meeting is called and the actions sought to be approved at the meeting. No business other than that specified in the notice may be transacted at a special meeting. | ||
(b) Proposed Articles of Amendment or Dissolution . If the business to be conducted at any meeting includes any proposed amendment to the Articles of Incorporation or the proposed voluntary dissolution of the Corporation, then the written notice shall be given not less than twenty (20) nor more than sixty (60) days before the meeting date and shall state that the purpose or one of the purposes is to consider the advisability thereof, and, in the case of a proposed amendment, shall be accompanied by a copy of the amendment. | ||
(c) Proposed Merger, Consolidation, Exchange, Sale, Lease or Disposition . If the business to be conducted at any meeting includes any proposed plan of merger or share exchange, or any sale, lease, exchange, or other disposition of all or substantially all of the Corporations property otherwise than in the usual or regular course of its business, then the written notice shall state that the purpose or one of the purposes is to consider the proposed plan of merger or share exchange, sale, lease, or disposition, as the case may be, shall describe the proposed action with reasonable clarity, and, if required by law, shall be accompanied by a copy or a detailed summary thereof; and written notice shall be given to each shareholder of record, whether or not entitled to vote at such meeting, not less than twenty (20) nor more than sixty (60) days before such meeting, in the manner provided in Section 2.3 above. | ||
(d) Declaration of Mailing . A declaration of the mailing or other means of giving any notice of any shareholders meeting, executed by the Secretary, Assistant Secretary, or any transfer agent of the Corporation giving the notice, shall be prima facie evidence of the giving of such notice. | ||
(e) Waiver of Notice . Notice of any shareholders meeting may be waived in writing by any shareholder at any time, either before or after the meeting. Except as provided below, the waiver must be signed by the shareholder entitled to the notice, and be delivered to the Corporation for inclusion in the minutes or filing with the corporate records. A shareholders attendance at a meeting waives objection to lack of notice, or defective notice, unless the shareholder at the beginning of the meeting objects to holding the meeting or transacting business at the meeting. |
6
(a) At every meeting of shareholders, the Chairperson of the Board of Directors, or, if a Chairperson has not been appointed or is absent, the Chief Executive Officer, or, if the Chief Executive Officer is absent, a chairman of the meeting chosen by a majority in interest of the shareholders entitled to vote, present in person or by proxy, shall act as chairman. The Secretary, or, in his absence, an Assistant Secretary directed to do so by the Chief Executive Officer, shall act as secretary of the meeting. | ||
(b) The Board of Directors of the Corporation shall be entitled to make such rules or regulations for the conduct of meetings of shareholders as it shall deem necessary, appropriate or convenient. Subject to such rules and regulations of the Board of Directors, if any, the chairman of the meeting shall have the right and authority to prescribe such rules, regulations and procedures and to do all such acts as, in the judgment of such chairman, are necessary, appropriate or convenient for the proper conduct of the meeting, including, without limitation, establishing an agenda or order of |
7
business for the meeting, rules and procedures for maintaining order at the meeting and the safety of those present, limitations on participation in such meeting to shareholders of record of the Corporation and their duly authorized and constituted proxies and such other persons as the chairman shall permit, restrictions on entry to the meeting after the time fixed for the commencement thereof, limitations on the time allotted to questions or comments by participants and regulation of the opening and closing of the polls for balloting on matters which are to be voted on by ballot. Unless and to the extent determined by the Board of Directors or the chairman of the meeting, meetings of shareholders shall not be required to be held in accordance with rules of parliamentary procedure. |
8
9
(a) authorize or approve a distribution except according to a general formula or method prescribed by the Board of Directors; | ||
(b) approve or propose to shareholders action that the Washington Business Corporation Act requires to be approved by shareholders; | ||
(c) fill vacancies on the Board of Directors or on any of its committees; | ||
(d) adopt any amendment to the Articles of Incorporation; | ||
(e) adopt, amend or repeal these Bylaws; | ||
(f) approve a plan of merger; or | ||
(g) authorize or approve the issuance or sale or contract for sale of shares, or determine the designation and relative rights, preferences and limitations of a class or series of shares, except that the Board of Directors may authorize a committee, or a senior executive officer of the Corporation, to do so within limits specifically prescribed by the Board of Directors. |
10
(a) Chief Executive Officer . The Chief Executive Officer shall be the chief executive officer of the corporation and, subject to the direction and control of the Board, shall supervise and control all of the assets, business, and affairs of the corporation. The Chief Executive Officer shall vote the shares owned by the corporation in other corporations, domestic or foreign, unless otherwise prescribed by resolution of the Board. In general, the Chief Executive Officer shall perform all duties incident to the office of Chief Executive Officer and such other duties as may be prescribed by the Board from time to time. |
(b) President . The President shall report to the Chief Executive Officer. In the absence of the Chief Executive Officer or his inability to act, the President, if any, shall perform all the duties of the Chief Executive Officer and when so acting shall have all the powers of, and be subject to all the restrictions upon, the Chief Executive Officer; provided that no such President shall assume the authority to preside as Chairperson of meetings of the Board unless such President is a member of the Board. In general, the President shall perform all duties incident to the office of President and such other duties as may be prescribed by the Board from time to time. | ||
(c) Vice Presidents . In the absence of the President or his inability to act, the Vice Presidents, if any, in order of their rank as fixed by the Board of Directors or, if not ranked a Vice President designated by the Board shall perform all the duties of the President and when so acting shall have all the powers of, and be subject to all the restrictions upon, the President; provided that no such Vice President shall assume the authority to preside as Chairperson of meetings of the Board unless such Vice President is a member of the Board. The Vice Presidents shall have such other powers and perform such other duties as from time to time may be respectively prescribed for them by the Board, these Bylaws or the President. | ||
(d) Secretary . The Secretary shall attend all meetings of the shareholders and of the Board of Directors and shall record all acts and proceedings thereof in the minute book of the Corporation. The Secretary shall give notice in conformity with these Bylaws of all meetings of the shareholders and of all meetings of the Board of Directors and any committee thereof requiring notice. The Secretary shall perform all other duties given him in these Bylaws and other duties commonly incident to his office and shall also perform such other duties and have such other powers, as the Board of Directors shall designate from time to time. The President may direct any Assistant Secretary to assume and perform the duties of the Secretary in the absence or disability of the Secretary, and each Assistant Secretary shall perform other duties commonly incident to his office and shall also perform such other duties and have such other powers as the Board of Directors or the President shall designate from time to time. |
11
(e) Chief Financial Officer . The Chief Financial Officer shall keep or cause to be kept the books of account of the Corporation in a thorough and proper manner and shall render statements of the financial affairs of the Corporation in such form and as often as required by the Board of Directors or the President. The Chief Financial Officer, subject to the order of the Board of Directors, shall have the custody of all funds and securities of the Corporation. The Chief Financial Officer shall perform other duties commonly incident to his office and shall also perform such other duties and have such other powers as the Board of Directors or the President shall designate from time to time. The President may direct the Treasurer or any Assistant Treasurer, or the Controller or any Assistant Controller to assume and perform the duties of the Chief Financial Officer in the absence or disability of the Chief Financial Officer, and each Treasurer and Assistant Treasurer and each Controller and Assistant Controller shall perform other duties commonly incident to his office and shall also perform such other duties and have such other powers as the Board of Directors or the President shall designate from time to time. | ||
(f) Treasurer . Subject to the direction and control of the Board of Directors, the Treasurer shall have charge and custody of and be responsible for all funds and securities of the Corporation; and, at the expiration of his term of office, he shall turn over to his successor all property of the Corporation in his possession. |
12
(a) Transfers of record of shares of stock of the Corporation shall be made only upon its books by the holders thereof, in person or by attorney duly authorized, and upon the surrender of a properly endorsed certificate or certificates for a like number of shares. |
13
(b) The corporation shall have power to enter into and perform any agreement with any number of shareholders of any one or more classes of stock of the Corporation to restrict the transfer of shares of stock of the Corporation of any one or more classes owned by such shareholders in any manner not prohibited by the Act. |
14
15
16
Date of | ||||||||
Date of | Shareholder | |||||||
Adoption/ | Approval | |||||||
Amendment | Section(s) | Effect of Amendment | (if applicable) | |||||
Adoption by Board
on July 14, 2005
|
| | January 25, 2006 | |||||
|
||||||||
Amendment adopted
by Board on January 25, 2006 |
2.2 | Amended Section 2.2 to permit shareholders to call a special meeting | January 25, 2006 |
i
|
SPECIMEN STOCK | |||
|
CERTIFICATE | |||
[CERTIFICATE NUMBER]
|
COMMON STOCK | |||
|
[NUMBER] | |||
|
CUSIP 588056 10 1 | |||
|
SEE REVERSE FOR | |||
|
MERCER INTERNATIONAL INC. | CERTAIN DEFINITIONS |
THIS CERTIFIES THAT
|
||
|
||
|
||
|
||
is the owner of
|
||
|
/s/ Jimmy S.H. Lee
|
/s/ David M. Gandossi | |
|
||
PRESIDENT, CEO & CHAIRMAN
|
EXECUTIVE VP, CFO & SECRETARY |
TEN COM
|
- | as tenants in common | ||
TEN ENT
|
- | as tenants by the entireties | ||
JT TEN
|
- | as joint tenants with right of survivorship and not as tenants in common |
UNIF GIFT MIN ACT
|
- | Custodian | ||||||
|
||||||||
|
(Cust) | (Minor) | ||||||
|
||||||||
under Uniform Gifts to Minors Act | ||||||||
|
||||||||
|
(State) | |||||||
|
||||||||
UNIF TRAN MIN ACT
|
- | Custodian (until age) | ||||||
|
||||||||
|
(Cust) | (Minor) | ||||||
|
||||||||
under Uniform Transfers to Minors Act | ||||||||
|
||||||||
|
(State) |