BE IT ENACTED AND IT IS HEREBY ENACTED as a by-law of the
Corporation as follows:
Section 42 of By-Law No. 1 of
the Corporation is replaced in its entirety with the following: "
One person present and holding or representing by proxy at
least one issued share of the Corporation shall be a quorum of any meeting of
shareholders for the choice of a chair of the meeting (subject to paragraph 33)
and for the adjournment of the meeting to a fixed time and place but may not
transact any other business; for all other purposes a quorum for any meeting
shall be persons present not being less than one in number and holding or
representing by proxy not less than 15% of the total number of votes represented
by the issued shares of the Corporation for the time being enjoying voting
rights at such meeting. If a quorum is present at the opening of a meeting of
shareholders, the shareholders present may proceed with the business of the
meeting, notwithstanding that a quorum is not present throughout the meeting."
PASSED by the directors of the Corporation on March 11, 2009.
CONFIRMED by the shareholders of the Corporation on May 6,