Certificate of Amendment to Series D Convertible Preferred Stock of Z-Tel Technologies, Inc.

Contract Categories: Business Formation › Articles of Amendment
Summary

Z-Tel Technologies, Inc. has amended its Certificate of Designations for its Series D Convertible Preferred Stock. The amendment limits the company to redeeming, purchasing, or otherwise acquiring no more than 1,000,000 shares of its common stock in any twelve-month period. This change was adopted in accordance with Delaware corporate law and is effective as of March 11, 2003.

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EX-4.20 3 g82894exv4w20.txt EX-4.20 3/13/03 SERIES D STOCK AMENDMENT Exhibit 4.20 Z-TEL TECHNOLOGIES, INC. CERTIFICATE OF AMENDMENT The Certificate of Designations, Preferences and Relative Rights, Qualifications. Limitations and Restrictions, Series D Convertible Preferred Stock, of Z-Tel Technologies, Inc. is amended by inserting the following provision as Section 2(e): (e) Notwithstanding anything in this Certificate of Designation to the contrary, the Corporation may during any twelve month period redeem, purchase or otherwise acquire for consideration not more than 1,000,000 shares of the Common Stock. The foregoing amendment was adopted in accordance Section 242 of the General Corporation Law of the State of Delaware. IN WITNESS WHEREOF, this Certificate of Amendment has been executed this 11th day of March 2003. Z-TEL TECHNOLOGIES, INC. By: ---------------------------------------- D. Gregory Smith As President and Chief Executive Officer Attestation: By: ------------------------------- N. Dumas Garrett As Secretary