Singlepoint Inc (SING)

[stuntmanpatch]

Ugh.... 4 to 1's.... this cannot be good.

Class A Convertible Preferred Shares Issued
As of September 30, 2014, the Company had authorized 30,000,000 shares of Series A Convertible Preferred Stock with $0.0001 par value, of which 20,000,000 shares were issued and outstanding.

Each share of Series A Preferred Stock is convertible at any time into four shares of common stock, totaling
120,000,000 shares of common stock assuming full conversion. No dividends are payable unless declared by the Board of Directors.

Each share of Series A Preferred Stock votes with the shares of Common Stock and is entitled to 15 votes per share and ranks senior to all other classes of stock in liquidation in the
amount of $1 per share.

NOTE 5 – RELATED PARTY TRANSACTIONS
Officer Compensation
As of September 30, 2014, no compensation is due any officer. The Company’s CEO received no compensation during the three months ended September 30, 2014. The Company CEO was issued
7,000,000 shares of Series A Convertible Preferred Stock on May 22, 2014.

The Company’s CTO was issued 1,500,000 shares of Series A Convertible Preferred Stock on May 22,
2014.

Two of the Company’s directors were each issued 500,000 shares of Series A Convertible Preferred Stock
on May 22, 2014.