Examples of Series B Preferred Stock Designation in a sentence
The date of the occurrence of the Series B Preferred Stock Designation shall be defined herein as the “Automatic Preferred Stock Conversion Date”.
A Nevada corporation By: /s/ Xxxxx Xxxxx Name: Xxxxx Xxxxx Title: Interim CEO EXHIBIT A – Series B Preferred Stock Designation Certificate of Designation of Rights and Preferences of Series B Convertible Preferred Stock (“Certificate of Designation”) DESIGNATION AND AMOUNT The class of Series B Convertible Preferred Stock, $0.0001 par value per share, of TRUSTCASH Holdings, Inc.
Shares of Series B Preferred Stock duly converted in accordance with this Series B Preferred Stock Designation, or otherwise reacquired by the Company, will resume the status of authorized and unissued preferred stock, undesignated as to series and available for future issuance.
A Nevada corporation /s/ Exxxx Xxxxx Exxxx Xxxxx Interim CEO EXHIBIT A – Series B Preferred Stock Designation Certificate of Designation of Rights and Preferences of Series B Convertible Preferred Stock (“Certificate of Designation”) DESIGNATION AND AMOUNT The class of Series B Convertible Preferred Stock, $0.0001 par value per share, of TRUSTCASH Holdings, Inc.
CCA represents that all shares of CCA Common Stock, $1.00 par value (the "CCA Common Stock") that shall be issuable upon conversion of the Series B Preferred Stock pursuant to and in accordance with the Series B Preferred Stock Designation, have been duly authorized and are reserved for issuance and, when issued upon such conversion, shall be validly issued, fully paid, and nonassessable.
CCA has proposed to acquire from ACT 100% of the Exchange Shares in exchange for 379,882 shares of CCA's newly authorized Series B Convertible Preferred Stock (the "Series B Preferred Stock"), the terms and conditions of which are set forth in the Articles of Amendment to the Charter of CCA attached hereto as Exhibit A (the "Series B Preferred Stock Designation").
CCA represents that all shares of Series B Preferred Stock that shall be issuable pursuant to this Agreement and in accordance with the Series B Preferred Stock Designation, have been duly authorized and are reserved for issuance and, when issued, shall be validly issued, fully paid, and nonassessable.
The Series B Preferred Stock will have the terms and conditions set forth in the Series B Preferred Stock Designation, the form of which is attached hereto as Exhibit E.
In addition, as of the date of Closing, CCA has no plan or intention to exercise a mandatory conversion of any shares of the Series B Preferred Stock pursuant to Section E.1. of the Series B Preferred Stock Designation.
The Series B Preferred Stock shall be perpetual unless converted in accordance with this Series B Preferred Stock Designation.