Cal-Bay International Inc (CBYI)

[lifegear]

did you guys notice the word subdivided was used too---I think it will just revert back to old o/s since it could f/s and r/s on the same day?


Effective as of September 20,2007 (the "Effective Date"), all
outstanding shares of Common Stock of the Corporation automatically
shall be subdivided at the rate of one thousand-for-one (the "Forward Split")
without the necessity of any further action on the part of the holders
thereof or the Corporation, provided, however, that the Corporation
shall, through its transfer agent, exchange certificates representing
Common Stock outstanding immediately prior to the Effective Date of the
Forward Split (the "Existing Common") into new certificates
representing the appropriate number of shares of Common Stock resulting
from the subdivision ("New Common"). No fractional shares, but only
whole shares of New Common, shall be issued to any holder of any number
of shares which, when divided by two (1,000), does not result in a whole
number. In lieu of fractional shares, the Corporation has arranged for
its transfer agent (the "Exchange Agent") to remit payment therefor on
the following terms and conditions: