◆ SpookStack

) No dividends shell be paid on common stock until all preferred atock issued shall have been retired by the corporation. B. Voting rights shall be vested in the common stock only. ©. The preferred stock may be-retired at the option of the Board of Direotore at any time, provided, it must be retired within two years after ite issuance upon payment of its per value. D. Voting rights shall accrue to holders of preferred stock on the following conditions: 1. If the preferred stock is not retired within two years, it shell be entitled to vote until it is retired. 2. In the event of default of the corporation on any loan or obligation of the corporation, holders of the preferred stock, for the benefit of the corporation, may meke edvances of money to cure the defaults and voting rights shall then accrue and continue until such advances are repaid with interest at the rate of 7%. ARTICLE Va Directors of the corporation shall bes WILLIAM R. WILKERSON 10425 Sunset Blvd., Loe Angeles, Cal. MOE SEDWAY Bonanza Road, Las Vegas, Nevada. BEN SIEGEL Last Frontier Hotel, Las Vegas, Nevada. G. HARRY ROTHBERG Last Frontier Hotel, Las Vegas, Nevada. N. JOSEPH ROSS 5047 Motor Ave., Los Angeles 34, Cal. SETICLE Via The stockholders may agree to restrict and limit the sale or transfer of stook in the corporation. The shares of stock shall so reflect. ARTIGIE Vid. Whenever the amount of the subscription price or the par value of the stock has been paid in, the stock shall not be subject to assessment to pay debts of the corpération. ., ARTIGRE VOL. The incorporators of the corporation shall be: (Seme_as the Directors set forth under Article Y,)