BlockQuarry Corp (BLQC)

[CL30_Capt]

Preferred B held a min of 1 YR.....

Convertible Series B Preferred Stock
On August 16, 2016, the Company designated 100,000 shares of its 50,000,000 authorized shares of Preferred Stock as Convertible Series B Preferred Stock (“Series B”) with a $5.00 par value. On June 21, 2018, the amended its Articles of Incorporation with the State of Nevada to reduce the total number of shares of common stock authorized to 200,000,000 and the total number of shares of preferred stock authorized to 20,000,000, and cancel the previous designation. On December 10, 2020, The Company designated 10,000,000 Shares of Series B Convertible Preferred Stock, with a par value of $0.001 per share. Each share of Series B Convertible Preferred Stock is convertible into 3 shares of common stock after being held for one year, and contains a limitation where the holder can convert a maximum of 12.5% of the original Series B issuance shares in any given quarter. On December 31, 2020, the Company received $100,000 towards a total subscription of $150,000 for 1,400,000 shares of the Series B Convertible Preferred Stock. The remaining $50,000 was received in January 2021, and the Series B shares were issued on February 25, 2021.

Page 18

https://www.otcmarkets.com/otcapi/company/financial-report/290489/content