ARTICLE I. NAME
The name of the corporation is Quasar Aerospace Industries, Inc.
ARTICLE II. CAPITAL STOCK
The corporation is authorized to issue the following classes of shares of capital stock: One Billion Five Hundred Million (1,500,000,000) shares of common stock with $0.00001 value per share and Fifty Million (50,000,000) shares of preferred stock with $0.01 value per share. Each holder of common stock shall be entitled to one vote for each share of common stock standing in such holder’s name on the records of the corporation on each matter submitted to a vote of stockholders, except as otherwise required by law or as otherwise determined for a particular series of common stock by resolution of the Board of Directors of the corporation. There shall be no cumulative voting authorized for common stock shareholders. The Board of Directors of the corporation shall have the right to divide the common stock into series, establish the number of shares for any such series, and determine the qualifications, limitations or restrictions of rights thereto; in addition, the Board of Directors may designate, by resolution, such voting rights on a series as it may deem appropriate.
The Board of Directors of the corporation is authorized, subject to limitations established by law and the provisions of the Article II, to issue shares of preferred stock in one or more series. The description of each series of preferred stock, including any preferences, conversions and other rights, voting powers, restrictions, dividend entitlements, qualifications, and terms and conditions of redemption, shall be as set forth in resolutions adopted by the Board of Directors. The corporation is expressly authorized and empowered, at any time and from time to time, by resolution of the Board of Directors, to issue warrants, rights, options, debentures or other instruments convertible into stock, entitling the holders thereof to purchase or acquire from the corporation any shares of its authorized and unissued capital stock on such terms and conditions as the Board of Directors, in its discretion, shall determine.
Series A Preferred Stock. The number of shares constituting the series of shares of Series A preferred stock of the corporation with $0.01 value per share (the “Series A Preferred Shares”) shall be 850,000.