EX-3 6 bnow-ex3_13.htm CERTIFICATE OF DESIGNATION OF SERIES B PREFERRED STOCK OF BOON INDUSTRIES, INC.

 

 

Exhibit 3.1.3 

 

EXHIBIT “C”

 

CERTIFICATE OF DESIGNATION
of
 

SERIES (B) PREFERRED STOCK
($.0001 Par Value)
of 

LEAF OF FAITH BEVERAGE OPERATIONS, INC 

Pursuant to the Oklahoma General Corporation Act of the State of Oklahoma

 

The designation, preferences, limitations and relative rights of the Series (B) Convertible Preferred Stock are as follows:

 

SERIES (B) CONVERTIBLE PREFERRED STOCK:

 

The designation of the number of shares constituting, and the rights, preferences, privileges and restrictions relating to the “Series (B) Preferred Stock” are as follows:

 

1)       Designation and Number of Shares. This series of Preferred Stock shall be designated as “Series (B) Preferred Stock” and the number of shares of such series shall be One Thousand (1,000) shares, $0.0001 par value per share.

 

2)       Stated Value. The stated value of the Series (B) Preferred Stock shall be $0.0001 per share.

 

3)       Dividends and Preference on Liquidation. There are no dividends and in the event of any voluntary or involuntary liquidation dissolution or winding up of the corporation each share of Series (B) has no value.

 

4)       Voting Rights. The holder of the shares of the Series (B) Voting Preferred Stock has the right to vote those shares of the Series (B) Voting Preferred Stock regarding any matter or action that is required to be submitted to the shareholders of the Company for approval. The vote of each share of the Series (B) Voting Preferred Stock is equal to and counted as four (4) times the votes of all of the shares of the Company’s (i) common stock, and (ii) other voting preferred stock issued and outstanding on the date of each and every vote or consent of the shareholders of the Company regarding each and every matter submitted to the shareholders of the Company for approval.

 

5)       Conversion of Series (B) Preferred Stock into Common Stock. Series (B) Preferred Shares have no conversion rights except to be four (4) times the total issued and outstanding at the time of any corporate action.

 

6)       Consolidation or Change Authorized or Corporate Action Reducing or Increasing Stock.

 

The shares of Series (B) Preferred Stock shall not be effected by or subject to adjustment following any change to the amount of authorized shares of Common Stock or the amount of Common Stock issued and outstanding caused by any split or consolidation of the corporation’s Common Stock.

 

 

7)      Redemption. None

 

No holder of shares of the Corporation of any class shall have any pre-emptive or preferential right in or pre-emptive or preferential right to subscribe to or for or acquire any new or additional shares, or any subsequent issue of shares, or any unissued or treasury shares of the Corporation, whether now or hereafter authorized, or any securities convertible into or carrying a right to subscribe to or for or acquire any such shares whether now or hereafter authorized. All shares are to be non-assessable.

 

LEAF OF FAITH BEVERAGE OPERATIONS, INC.
an Oklahoma Corporation

  Date: January 6, 2020

 

BOARD OF DIRECTORS:  
   
 (SIGNATURE)  
Mike Schatz  

President, CEO, Secretary, Treasurer and Director