Certificate of Incorporation of Aquablue International Iceland ehf.
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Summary
This Certificate of Incorporation establishes Aquablue International Iceland ehf., a company based in Reykjavik, Iceland, to operate a beverage production facility. The company has a share capital of ISK 500,000, divided among four shareholders, with Aquablue International (Canada) holding the largest share. Shareholders have the right to purchase new shares in proportion to their holdings, and only a shareholders’ meeting can reduce the share capital. The company will cover up to ISK 250,000 in foundation and registration costs. The document is signed by Arni Stefansson and Gunnar Friorik Birgisson.
EX-10.6 5 exhibit10-6.htm exhibit10-6.htm
CERTIFICATE OF INCORPORATION
ARTICLE 1
The name of the Company is Aquablue International Iceland ehf. The Company’s registered office is at Solheimar 27, 104 Reykjavik.
ARTICLE 2
The objectives of the Company are to run a production facility for beverage and other related operation.
ARTICLE 3
The Share Capital of the Company is ISK 500,000. The Shares shall be divided into multiple of 1 krona. Shareholders shall have priority right of purchase of all new shares in direct proportion to their holdings. Only a shareholders’ meeting can decide upon a decrease of the Share Capital.
ARTICLE 4
Registration to Share Capital is as follows:
Aquablue International, in Canada, ISK 250,000
Graenhalio fasteignafelag ehf., kt/Reg. no., 431 105-0200, ISK 125,000
Gunnar Friorik Birgisson, kt./ID-number 160567-5549, ISK 62,500
Arni Stefansson, kt./ID-number 191164-3429, ISK 62,500
The entire Shares Capital has been paid in.
ARTICLE 5
The cost associated with the foundation and registration of the Company, estimated to be as much as ISK 250,000 will come out of Company funds.
MAY 1, 2009
| /s/Arni Stefansson | | /s/Gunnar Fiorik Birgisson |
| Arni Stefansson | | Gunnar Friorik Birgisson |
