EX-3.2 5 y16028exv3w2.txt EX-3.2: ARTICLES OF AMENDMENT Exhibit 3.2 (GRAPHIC) CANADAIAN FLAG Industry Canada Industrie Canada CERTIFICATE CERTIFICAT OF AMENDMENT DE MODIFICATION CANADA BUSINESS LOI CANADIENNE SUR CORPORATIONS ACT LES SOCIETES PAR ACTIONS COREL CORPORATION 434590-8 Name of corporation-Denomination Corporation number-Numero de la societe de la societe I hereby certify that the articles of Je certifie que les statuts de la the above-named corporation were societe susmentionnee ont ete modifies: amended: a) under section 13 of the Canada [ ] a) en vertu de l'article 13 de la Business Corporations Act in Loi canadienne sur les accordance with the attached societes par actions, notice; conformement a l'avis ci-joint; b) under section 27 of the Canada [ ] b) en vertu de l'article 27 de la Business Corporations Act as set Loi canadienne sur les out in the attached articles of societes par actions, tel amendment designating a series qu'il est indique dans les of shares; clauses modificatrices ci-jointes designant une serie d'actions; c) under section 179 of the Canada [X] c) en vertu de l'article 179 de Business Corporations Act as set la Loi canadienne sur les out in the attached articles of societes par actions, tel amendment; qu'il est indique dans les clauses modificatrices ci-jointes; d) under section 191 of the Canada [ ] d) en vertu de l'article 191 de Business Corporations Act as set la Loi canadienne sur les out in the attached articles of societes par actions, tel reorganization; qu'il est indique dans les clauses de reorganisation ci-jointes;
/s/ Richard G. Shaw MARCH 31, 2006 / LE 31 MARS 2006 ------------------------------------- Date of Amendment - Date de modification Richard G. Shaw Director - Directeur (GRAPHIC) CANADAIAN FLAG (GRAPHIC) CANADAIAN FLAG INDUSTRY CANADA INDUSTRIE CANADA FORM 4 FORMULAIRE 4 ARTICLES OF AMENDMENT CLAUSES MODIFICATRICES CANADA BUSINESS LOI CANADIENNE SUR LES (SECTIONS 27 OR 177) (ARTICLES 27 OU 177) CORPORATIONS ACT SOCIETES PAR ACTIONS
1 -- Name of the Corporation - Denomination sociale de is societe COREL CORPORATION 2 -- Corporation No. - No de la societes 434590-8 3 -- The articles of the above-named corporation are amended as follows: Las statuts de la sociate mentinnee cl-dessus sont modifies de la facon sulvante: The articles of the Corporation are amended to: 1. Change each 11.710548 issued and outstanding Common Shares into 1 Common Share (the "Reverse Share Split"), and any fractional Common Share resulting from the Reverse Share Split shall be rounded up to the nearest whole Common Share. 2. Delete the following from section 4 of the certificate and articles of continuance of the Corporation dated January 27, 2006; "No shares of the Corporation may be transferred without either: (a) the approval of the directors of the Corporation expressed by a resolution passed at a meeting of the board of directors or by an instrument or instruments in writing signed by a majority of the directors; or (b) the approval of the holders of at least a majority of the shares of the Corporation entitling the holders thereof to vote in all circumstances (other than holders of shares who are entitled to vote separately as a class) for the time being outstanding expressed by a resolution passed at a meeting of the holders of such shares or by an instrument or instruments in writing signed by the holders of a majority of such shares.". Signature Printed Name - Nom en lettres moultes 4 - Capacity of - En qualite de 5 - Tel. No. -No de tel /s/ Darren Sukonick Darren Sukonick Authorized officer 416-865-8195 ----------------------
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