CERTIFICATE OF CORPORATE RESOLUTION
Exhibit
10.1 -
Transfer Agent and Registrar Agreement
CERTIFICATE
OF CORPORATE RESOLUTION
The
undersigned, being a majority of the duly elected and qualified directors of
Regency Resources, Inc.
a corporation duly organized and existing under the laws of the State
of Nevada, do hereby certify and affirm that on the 26th day of
October, 2006,
a duly and regularly called meeting was held, and the following resolutions duly
adopted by the Board of Directors pursuant to the bylaws of the
corporation.
RESOLVED, THAT
FIRST, Action Stock Transfer Corporation
(Transfer Agent) be and it is hereby appointed sole transfer agent of the
securities of this corporation.
SECOND, that the President and the
Secretary of the Corporation or other duly authorized officers hereof,be and
they are hereby authorized and directed to execute and deliver, on behalf of the
Corporation, thatcertain contract and agreement by and between the Corporation
and Action Stock Transfer Corporation of
Salt Lake City, Utah, a copy of which is attached hereto and incorporated herein
and made a part hereof, to be effective on the date of its
execution.
THIRD, the Secretary of the Corporation
is hereby instructed to file with the Transfer Agent the information and
documents set forth in Paragraph 2 of the contract approved in SECOND
above.
FOURTH, that the Corporation terminates
and cancels any and all prior agreements respecting the retention of a transfer
agent of securities of the Corporation.
These
resolutions aforesaid are presently in due force and effect as is the contract
between the Corporation and Action Stock Transfer Corporation
which is attached to this certificate of Corporate Resolution.
Dated
this 26th day of
October, 2006
By: XXXX C. H.
XXXXXX
Xxxx
C. H. Xxxxxx
Director
By: DRAGON
BAZANIC
Dragon Bazanic
Director
_____________
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This
agreement made and entered into the 26th day of October, 2006, by and between
Action Stock Transfer
Corporation hereinafter referred to as Action and Regency Resources, Inc.
hereinafter referred to as the Company.
WHEREFORE:
1. Action shall be and is hereby
appointed Transfer Agent and Registrar for the securities of the
Company.
2. An
authorized officer of the Company shall file the following with Action before Action commences to act as
Transfer Agent:
A. A copy of the
Articles of Incorporation of the Company and all amendments thereto, and a copy
of the Certificate of Incorporation as issued by the State of
Incorporation.
B. A copy of the
by-laws of the Company incorporating all amendments thereto.
C. Specimens of all forms of
outstanding certificates for securities of the Company, in the forms approved by
the Board of Directors.
D. A list of all
outstanding securities together with a statement that future transfers may be
made without restriction on all securities, except as to securities subject to a
restriction noted on the face of said securitiesand in the corporate stock
records.
E. A list of all
shareholders deemed to be considered "insiders" or "control persons" as defined
in theSecurities Act of 1933 & 1934 and other acts of Congress and rules and
regulations of the United States Securities and Exchange Commission when
applicable.
F. The names and
specimen signatures of all officers who are and have been authorized to
signcertificates for securities on behalf of the Company and the names and
addresses of any other TransferAgents or Registrars of securities of the
Company.
G. A copy of the
resolution of the Board of Directors of the Company authorizing the execution of
this Agreement and approving the terms and conditions herein.
H. His
certificate as to the authorized and outstanding securities of the Company, its
address to which notices may be sent, the names and specimen signatures of the
Company's officers who are authorized to sign instructions or requests to the
Transfer Agent on behalf of this Company, and the name and address of legal
counsel to this Company.
I. In the event
of any future amendment or change in respect of any of the foregoing, prompt
written notification of such change, together with copies of all relevant
resolutions, instruments or other documents, specimen signatures, certificates,
opinions or the like as the Transfer Agent may deem necessary or
appropriate.
3. Action, as Transfer Agent,
shall make original issues of securities upon the written request of the Company
and upon being furnished with a copy of a resolution of the Board of Directors
of the Company authorizing such issue certified by the Corporate
Secretary.
4. The
Company hereby authorizes Action to purchase from time
to time, certificates as may be needed by it to perform regular transfer duties;
not to exceed 2,000 without prior written approval of the Company, with such
costs being paid in advance by the Company. Such certificates shall be signed
manually or by facsimile signatures of officers of the Company authorized by law
or the by-laws of the Company to sign certificates and if required, shall bear
the corporate seal of the Company or a facsimile thereof.
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5.
Transfer of securities shall be made and effected by Action and shall be registered
and new certificates issued upon surrender of the old certificates, in form
deemed by Action
properly endorsed for transfer, with all necessary endorser's signatures
guaranteed in such manner and form as Action requires by a guarantor
reasonably believed by Action to be responsible
accompanied by such assurances as Action shall deem necessary or
appropriate to evidence the genuineness and effectiveness of such necessary
endorsement, and satisfactory evidence of compliance with all applicable laws
relating to collection of taxes, if any. That all transfer of securities and
issuance and certificates shall be at a fee chargeable by Action at its discretion. Such
fee to be paid by such person, persons, firms or corporations requesting such
transfer.
6. In
registering transfers, Action may rely upon the
Uniform Commercial Code or any other statute which in the opinion of Counsel
protects Action and the
Company in not requiring complete documentation in registering transfer without
inquiry into adverse claims, in delaying registration for purposes of such
inquiry, or in refusing registration wherein its judgment and adverse claims
require such refusal. The Company agrees to hold Action harmless from any
liability resulting from instructions issued by the Company.
7. When
mail is used for delivery of certificates, Action shall forward
certificates in "non- negotiable" form by first class, registered or certified
mail.
8. Action, as Transfer Agent, may
issue new certificates in place of certificates represented to have been lost,
destroyed, or stolen, upon receiving indemnity satisfactory to Action, and may issue new
certificates in exchange for, and upon surrender of mutilated
certificates.
9. In
case of any request of demand for the inspection of the records of the Company
held by Action, Action shall endeavor to
notify the Company and to secure instructions as to permitting or refusing such
inspection. However, Action may exhibit such
records to any person in any case where it is advised by its counsel that it may
be held liable for failure to do so.
10. In
case any officer of the Company who shall have signed manually or whose
facsimile signature shall have been affixed to blank certificates shall die,
resign, or be removed prior to the issuance of such certificates, Action may issue and register
such certificates as the certificates of the Company notwithstanding such death,
resignation, or removal; and the Company shall file promptly with Action such approval,
adoption, or ratification as may be required by law.
11. Action shall maintain
customary records in connection with its agency, all of which shall be available
for inspection by the Company at all reasonable times.
12. Action is authorized by the
Company to use its own judgment in matters affecting its duties as Transfer
Agent, and in its discretion may apply to and act upon instructions of its own
counsel or of the counsel of the Company in respect to any questions arising in
connection with such agency, all legal fees to be at the expense of the Company
and Action is hereby
relieved of any responsibility to the Company and is indemnified by the Company
as to any responsibility to third persons, for action taken in accordance with
advice of such counselor its own judgment, remaining liable only for its own
willful default or misconduct.
13. Action shall be indemnified by
the Company for any acts of Action based
upon:
A. Any paper or document reasonably
believed by it to be genuine and to have been signed by the proper person or
persons; and
B. Its recognition of certificates
which it reasonably believes to bear the proper manual or facsimile signatures
of the officers of the Company and the proper counter-signature of the Transfer
Agent.
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14. Action shall not be held to
have notice of any change of authority of any officer, employee or agent of the
Company until receipt of written notification thereof from the
Company.
15. So
long as Action has acted
in good faith and with due diligence and without negligence, the Company shall
assume full responsibility and shall indemnify Action and save it harmless
from and against all actions and suits, whether groundless or otherwise, and
from and against any and all losses, damages, costs, charges, counsel fees,
payments, expenses and liabilities arising directly or indirectly out of agency
relationship to the Company. Action shall not be under any
obligation to prosecute or to defend any action or suit in respect of such
agency relationship which, in opinion of its counsel, may involve it in expense
or liability, unless the Company shall, so often as reasonably requested,
furnish Action with
satisfactory indemnity against such expense or liability. Action shall be without
liability to the Company, and is hereby indemnified from any liability to third
persons, from Action's
refusal to perform any act in connection with this agency, wherein reliance upon
opinion of its counsel, Action in good faith believes
that such act may subject it or its officers or employees to criminal liability
or injunctive sanctions under any law of any state or of the United States, and
in particular, under the Securities Act of 1933.
16. The
Company may remove Action as Transfer Agent at
any time by giving a 30 day written notice in the form of a resolution from the
Board of Directors calling for such removal (a copy of such resolution shall be
furnished to Action) and
upon the payment of any and all reasonable charges owing to Action. Action may resign as
Transfer Agent at any time giving written notice of such resignation to the
Company at its last known address, and thereupon its duties as Transfer Agent
shall cease.
17. This
agreement may not be assigned by Action without express written
consent of the Company.
18. Action may, at its sole
discretion, pay a finders fee to any person, persons or entity for referring the
company to Action. Any
finders fee agreement entered into by Action, which is directly
related to this agreement between Action and the company, will
be made available to the company for inspection upon written
request.
19. Action may increase its
transfer rates as it deems necessary, without notification to
client.
20. The
Company was chartered under the laws of the State of Nevada by Certificate of
Incorporation filed in the office of the Secretary of State on the_11th day of
December, 2006.
21. The
total number of shares of each class of the securities which the Company is now
authorized to issue and the number thereof now issued and outstanding
is:
A. Class: Common
B. ParValue:
$0.001 per share
C. Authorized:
200,000,000 common shares
D. Issued
and Outstanding: NIL
22. The
duly elected and qualified officers and directors of this Corporation, all
owners of more than 10% of the Company’s outstanding stock (“principal
shareholders") and all affiliates, as defined in SEC Rule 144(a)(1), are as
follows:
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Title Name and
Address Signature
(Required
only for
officers and
directors)
President,
Chief Executive
Officer Xxxx
C. H. Xxxxxx
and
Director 00
Xxxxxxxxxx Xxxxxx
Flat 0
Xxxxxx Xxxx
Xxxxxx, Xxxxxxx
XX0 0XX
Chief
Financial Officer,
Secretary Xxxxxx
Xxxxxxx
Treasurer
and
Director 0000
Xxxxxx Xxxxxxxxx
Xxxxxxxxxxx, Xxxxxxx
Xxxxxx, X0X 0X0
23. That
the name, address, and phone number of Counsel to the Company
is: None appointed as yet.
24. That
the address and phone number of the Company to which all communication are to be
sent:
00 Xxxxxxxxxx Xxxxxx
Flat 0
Xxxxxx Xxxx
Xxxxxx, Xxxxxxx
XX0 0XX
25. That
the names and addresses of all past and present Transfer Agents (other than
Action)
are: None
Agreed
and entered into the day and year first written above.
Company:
Regency
Resources,
Inc. Action Stock Transfer
Corporation
By: _JANE
BROOKE_____________________ By:
_JUSTEENE
BLANKENSHIP______
President President
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