stefansson-wrangel-09-35-003-006

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that the Company has a lien on said shares so deposited,
so long as the said member shall remain in the service of the
Company, or so long as there is any outstanding moneys or
property in the said members’ hands unaccounted for and not
turned over to the Company. And in case of a breach of faith
or misconduct, fraud or embezzlement on the part of such member
of the Company as aforesaid, the Directors may give reasonable
notice through the Secretary of the Company that unless the
property of the Company retained by the officer, official,
agent or member in question os the case may be, is forthwith
returned within the time specified in such notice, that the
said shares will be forfeited, and unless such property of
the Company so held and retained is returned within the time
specified in such notice, then the said shares shall be
absolutely forfeited to the Company, and the same shall be
considered cancelled forthwith, and all right, title and
interest of the said former member and holder thereof shall be
deemed irrevocably cancelled forthwith.

21. With consent in writing of all the shareholders
given before or at such meeting, a meeting may be convened
by a shorter notice than that provided for by the regulations
in Table "A " aforesaid, or without notice, and in any manner
they may see fit; and may be adjourned for more than ten days
without notice of the adjourned meeting being given.
No business shall be transacted at any General or Special
Meeting of the Corapany, unless a quorum of the members of the
Company is present at the time the meeting proceeds to
business, and save as herein otherwise provided, three (3)
members personally present shall constitute and be considered
a quorum. If within a quarter of an hour from the time
appointed for a meeting, a qu rum is not present, the meeting,
if convened, shall be dissolved, and it shall stand adjourned
to the same day in the next week at the same time and place,
nd if at the adjourned meeting a quorum is not pr sent within