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<page> Articles of Incorporation of Cbs (Israel) 3.5 <page> Unofficial Translation of Information Report Regarding Certificate of Incorporation for Cbs (Israel) - The Ministry for Legal Affairs Company Registrar Registration No.: 51-236643-6 Status: Active Name: C.B.S. Computer Business Sciences, Ltd. Founded: 8/27/96 Published 9/8/96 Purposes: To Provide Consulting Services to Foreign Firms Address: Hashachafim 46, Ra'anaana Zip Code 43724 Authorized Capital Stock 30 Director's Shares @ 1.00 Par Value 2,610 Regular Shares @ 1.00 Par Value Shareholders: 1. Computer Business Sciences, Inc. I.D. 11-330437-0 Address: New York Shareholding: 19 Regular Shares @1.00 1. Infosystems Address: Canada Shareholding: 1 Regular Share @ 1.00 Management: 3. Barak, Zvi Appointed On: 8/28/96 Profession: Manager Address Hashachafim 46 Ra'anana **The Registrar Has No Liens Attached to the Company's Assets**
