EX-1
from 10KSB
1 page
Seventh Amendment to the Bylaws of Winter Sports, Inc. Article XII Is Hereby Amended to Read as Follows: Article XII A. to the Fullest Extent Permitted by Applicable Law, the Corporation Shall Indemnify Any Director, Officer, or Employee Who Is Made a Party to Any Legal, Regulatory or Other Proceeding Because He or She Is or Was a Director, Officer or Employee of the Corporation. B. No Director Shall Be Liable to the Corporation or Its Shareholders for Any Actions Taken or Any Failure to Take Any Action, as a Director, Except Liability For: (1) the Amount of a Financial Benefit Received by a Director to Which the Director Is Not Entitled; (2) an Intentional Infliction of Harm on the Corporation or the Shareholders; (3) a Violation of Mca 35-1-713; and (4) an Intentional Violation of Criminal Law. C. No Officer Shall Be Liable to the Corporation or Its Shareholders if the Officer Acts: (1) in Good Faith; (2) With the Care an Ordinarily Prudent Person in a Similar Position Would Exercise Under Similar Circumstance; and (3) in a Manner the Officer Reasonably Believes to Be in the Best
12/34/56
