International Aerospace Enterprises, Inc.(fka IARO)

[mrfence]

in the best interest of IAE and its stockholders... it will provide the Company with available shares that could be issued upon such conversion and for various corporate purposes, including acquisitions, stock dividends, stock splits, stock options, convertible debt and equity financings for other corporate purposes which may be identified in the future, as the board of directors determines in its discretion.

It also prevents outsiders from gaining control of the majority of this issues voting stock.