Artificial Intelligence Technology Solutions Inc (AITX)

[Malone]

EXHIBIT B
SERIES F CONVERTIBLE PREFERRED STOCK DESIGNATION
Article I, III, IX shall be replaced in their entirety as follows. No other changes are being made.
I. DESIGNATION AND AMOUNT
There shall be a series of preferred stock designated as “Series F Convertible Preferred Stock”, and the number of shares constituting
such series shall be 3,450, the face amount per share is $1.00 and the total face amount of all shares is $1.00 (“Face Amount”). Such
series is referred to herein as the “Series F Convertible Preferred Stock”.
III. CONVERSION
(a)
Conversion at the Option of holder
. The holder may, at any time and from time to time convert all, but not less than all. of its
shares of Series F Convertible Preferred Stock into a number of fully paid and nonassessable shares of common stock determined by
multiplying the number of issued and outstanding shares of common stock of the Company on the date of conversion by three and 45
100ths (3.45) (Conversion Pric