Series D Preferred Stock Certificate of Designation (PURSUANT TO NRS 78.1955)
Exhibit 4.2
| ROSS MILLER Secretary of State 204 North Carson Street, Suite 1 Carson City, Nevada ###-###-#### (775) 684 5708 Website: www.nvsos.gov |
| Series D Preferred Stock Certificate of Designation (PURSUANT TO NRS 78.1955) |
| USE BLACK INK ONLY - DO NOT HIGHLIGHT | ABOVE SPACE IS FOR OFFICE USE ONLY |
Certificate of Designation For
Nevada Profit Corporations
(Pursuant to NRS 78.1955)
| 1. | Name of corporation |
| Gopher Protocol Inc. |
2. By resolution of the board of directors pursuant to a provision in the articles of incorporation this certificate establishes the following regarding the voting powers, designations, preferences, limitations, restrictions and relative rights of the following class or series of stock.
Series D Preferred Stock of the Corporation be adopted and issued as follows: |
1. Designation and Authorized Shares. The Corporation shall be authorized to issue 100,000 shares of Series D Preferred Stock, par value $0.00001 per share (the "Series D Preferred Stock"). |
| 2. Stated Value. The stated value of each issued shares of Series C Preferred Stock shall be deemed to be $10.00 (the "Stated Value"). |
| 3. Voting. Except as otherwise expressly required by law, each holder of Series D Preferred Stock shall be entitled to vote on all matters submitted to shareholders of the Corporation on an as converted basis (see exhibit A) |
| 3. | Effective date of filing: (optional) |
| 4. | Signature: (required) |
IMPORTANT: Failure to include any of the above information and submit with the proper fees may cause this filing to be rejected.
| Nevada Secretary of State Stock Designation | |
| This form must be accompanied by appropriate fees. | Revised: 3-6-09 |
Exhibit A
| 4. | Liquidation. | The Series D Preferred Stock (the “Preferred Stock”) shall have no liquidation rights. |
| 5. | Conversion. |
(a) Subject to the Company increasing its authorized shares of common stock to 500,000,000, each share of Series D Preferred Stock shall be convertible into shares of Common Stock determined by dividing the Stated Value of such share by the Set Price, at the option of the Holder, at any time and from time to time. Holders shall effect conversions by providing the Corporation with the form of conversion notice attached hereto as Annex A (a “Notice of Conversion”), to the attention of Chief Financial Officer. Each Notice of Conversion shall specify the number of shares of Preferred Stock to be converted, the number of shares of Preferred Stock owned prior to the conversion at issue, the number of shares of Preferred Stock owned subsequent to the conversion at issue and the date on which such conversion is to be effected, which date may not be prior to the date the Holder delivers such Notice of Conversion to the Corporation by facsimile (the “Conversion Date”). If no Conversion Date is specified in a Notice of Conversion, the Conversion Date shall be the date that such Notice of Conversion to the Corporation is deemed delivered hereunder. The calculations and entries set forth in the Notice of Conversion shall control in the absence of manifest or mathematical error.
(b) The conversion price for each share of Preferred Stock shall equal to $0.01 per share (the “Set Price”).
| 6. | Fractional Shares. Series D Preferred Stock may only be issued in whole shares and not in fractions of a share. If any interest in a fractional share of Series D Preferred Stock would otherwise be deliverable to a person entitled to receive Series D Preferred Stock, the Company shall make adjustment for such fractional share interest by rounding up to the next whole share of Series D Preferred Stock. |
| 7. | Record Holders. The Corporation and its transfer agent, if any, for the Series D Preferred Stock may deem and treat the record holder of any shares of Series D Preferred Stock as reflected on the books and records of the Corporation as the sole true and lawful owner thereof for all purposes, and neither the Corporation nor any such transfer agent shall be affected by any notice to the contrary. |
ANNEX A
NOTICE OF CONVERSION
(To be Executed by the Registered Holder in order to convert shares of the Series D Preferred Stock)
The undersigned hereby elects to convert the number of shares of the Series D Preferred Stock indicated below, into shares of common stock, $0.00001 par value per share (the “Common Stock”), of Gopher Protocol, Inc., a Nevada corporation (the “Corporation”), according to the conditions hereof, as of the date written below. If shares are to be issued in the name of a person other than undersigned, the undersigned will pay all transfer taxes payable with respect thereto and is delivering herewith such certificates and opinions as reasonably requested by the Corporation in accordance therewith. No fee will be charged to the Holder for any conversion, except for such transfer taxes, if any.
Conversion calculations:
Date to Effect Conversion
________________________
Number of shares of Preferred Stock owned prior to Conversion
________________________
Number of shares of Preferred Stock to be Converted
________________________
Stated Value of shares of Preferred Stock to be Converted
________________________
Number of shares of Common Stock to be Issued
$0.01 per share
________________________
Applicable Conversion Price
________________________
Number of shares of Preferred Stock subsequent to Conversion
________________________
| [HOLDER] | ||
| By: | ||
| Name: | ||
| Title: | ||
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