Here's the full text on the company's Preferred shares...
Preferred Stock
The Company has authorized 50,000,000 preferred shares with a par value of $0.0001 per share. Board of Directors are authorized to
divide the authorized shares of Preferred Stock into one or more series, each of which shall be so designated as to distinguish the shares
thereof from the shares of all other series and classes.
Series A Preferred Stock
The Company has designated 10,000,000 preferred shares of Series A Preferred Stock with a par value of $0.0001 per share.
As of June 30, 2019, the Company had 8,000,000 shares of Series A Preferred Stock issued and outstanding.
The 8,000,000 shares of Series A Preferred Stock outstanding have the rights, designations and preferences below:
• each one (1) share of Series A Preferred Stock is entitled to zero (0) dividends;
• each one (1) share of Series A Preferred Stock is entitled to zero (0) votes on all matters submitted to a vote of our common
stockholders;
• each one (1) share of Series A Preferred Stock shall be convertible into zero (0) shares of our common stock; and
• upon our Liquidation, dissolution or winding up the holders of the Series A Preferred Shares shall be entitled to receive $.01
per share held;
Series B Preferred Stock
The Company has designated 10,000,000 preferred shares of Series B Preferred Stock with a par value of $0.0001 per share.
As of June 30, 2019, the Company had 9,965,000 shares of Series B Preferred Stock issued and outstanding, respectively.
Series B Preferred Shares
The Company has 9,965,000 shares of Series B Preferred Stock, which have the rights, designations and preferences below:
• each one (1) share of Series B Preferred Stock is entitled to zero (0) dividends;
• each one (1) share of Series B Preferred Stock is entitled to four hundred (400) Common Share votes on all matters submitted
to a vote of our common stockholders;
• each one (1) share of Series B Preferred Stock shall be convertible into zero (0) shares of our common stock; and
• upon our Liquidation, dissolution or winding up the holders of the Series B Preferred Shares shall be entitled to receive $.01
per share held.
