Description of Common Stock of Longduoduo Company
This document describes the rights and features of Longduoduo Company's common stock, which is the only class of security registered under Section 12(g) of the Securities Exchange Act. The company is authorized to issue up to 500,000,000 shares of common stock. Shareholders are entitled to receive dividends if declared by the board, have one vote per share, and do not have cumulative voting, conversion, redemption, or preemptive rights. In case the company is dissolved, common stockholders share equally in remaining assets after debts and preferred stock claims are settled.
Exhibit 4.(iv)
DESCRIPTION OF COMMON STOCK
Our only class of security registered pursuant to Section 12(g) of the Securities Exchange Act is our common stock, $0.001 par value per share. 500,000,000 shares of common stock are authorized.
Holders of our common stock are entitled to receive dividends when and as declared by our board of directors out of funds legally available. Holders of our common stock are entitled to one vote for each share on all matters voted on by stockholders, including the election of directors. There is no cumulative voting in the election of directors. Holders of our common stock do not have any conversion, redemption or preemptive rights. In the event of our dissolution, liquidation or winding up, holders of our common stock are entitled to share ratably in any assets remaining after the satisfaction in full of the prior rights of creditors and the aggregate liquidation preference of any preferred stock then outstanding.
