EX1A-15 ADD EXHB 6 exhibit3_1.htm SUBSCRIPTION AGREEMENT
Exhibit 3.1


 
ARTICLE VII., SECTION 12.
CERTIFICATE OF DESIGNATIONS, PREFERENCES, RIGHTS AND LIMITATIONS OF SERIES B PREFERRED STOCK

12.1.
DESIGNATION AND NUMBER OF SHARES. 1,000,000 shares of Series A Preferred Stock, par value $0.00001 per share (the "Preferred Stock")are authorized pursuant to Article IV of the Corporation's Amended Certificate of Incorporatio(the "Series A Preferred Stock").


12.2.
DIVIDENDS. The holders of Series A Preferred Stock shall be entitleto receive dividendwhenas and if declared by the Board of Directors, in its sole discretion.


12.3.
LIQUIDATION RIGHTS. Upon any liquidation, dissolution or windinup of the Corporationwhether voluntary or involuntary, before any distribution or payment shall be made to the holders of any stock ranking junior to the Series A Preferred Stock, the holders of the Series A Preferred Stock shall be entitled to be paid out othe assets of the Corporation an amount equal to $1.00 per share or, in the event of an aggregate subscription by a single subscriber for Series A Preferred Stock in excess of $100,000,  $0.997 per share (as adjusted for any stock dividendscombinations, splits, recapitalizations and the like with respect to such shares) (the "Preference Value")pluall declared but unpaid dividends, for each share of Series A Preferred Stock held bthem. After the payment of the full applicable Preference Value of each share of thSeries A Preferred Stock as set forth hereinthe remaining assets of the Corporation legally available for distributionif any, shall be distributed ratably to the holderof thCorporation's Common Stock.
 
12.1.
CONVERSION AND ANTI-DILUTION.
 
 
 
(a)
Each share of Series A Preferred Stock shall be convertible, at any time, and/or from time to timeinto the number of shares of the Corporation's common stockpar value $0.00001 per share (the "Common Stock") equal to the price of the Series A Preferred Stock as stated in the Bylaws, the Series A Preferred shares will be converted on a one for one base for common stock of the companysubject to adjustment amay bdetermined by the Board of Directors from time to time (the "Conversion Rate")., each share of Series A Preferred Stock would be convertible into shares of Common Stock. Such conversion shall be deemed to be effective on the business day (the "Conversion Date") following the receipt by the Corporation of written notice from the holder of thSeries A Preferred Stock of the holder's intention to convert the shares of Series A Stock, together with the holder's stock certificate or certificates evidencing the Series Preferred Stock to be converted.

(b)
Promptly after the Conversion Date, the Corporation shall issue and deliver to such holder a certificate or certificates for the number of full shares of Common Stock issuable to the holder pursuant to the holder's conversion of Series A Preferred Sharein accordance with the provisions of this SectionThe stock certificate(s) evidencing the Common Stock shall be issued with a restrictive legend indicating that it was issued in a transaction exempt from registration under the Securities Act of 1933, as amended (the "Securities Act"), and that it cannot be transferred unless it is so registeredor an exemption from registration is available, in  the opinion of counsel to the Corporation. The Common Stock shall be issued in the same name as the person who is thholder of the Series A Preferred Stock unless, in the opinion of counsel to the Corporationsuch transfer can be made in compliance with applicable securities laws. The person in whose name the certificate(s) of Common Stock are so registered shall be treated as holder of shares of Common Stock of the Corporation on the date the Common Stock certificate(s) are so issued.

All shares of Common Stock delivered upon conversion of the Series A Preferred Shares as provided herein shall be duly and validly issued and fully paid and non-assessable.
Effective as of the Conversion Date, such converted Series Preferred Shares shall no longer be deemed to be outstanding and all rights of the holder with respect to such shares shall immediately terminate except the right to receive the shares of Common Stock issuable upon such conversion.

(c)
The Corporation covenants that, within 30 days of receipt of a conversion notice from any holder of shares of Series A Preferred Stock wherein which such conversion would create more shares of Common Stock than are authorizedthe Corporation will increase the authorized number of shares of Common Stock sufficient to satisfy such holder of shares of Series A submitting such conversion notice.

(d)
Shares of  Series A Preferred Stock are dilutive to reverse splits

12.5
VOTING RIGHTS. Each share of Series A Preferred Stock shall have no votes for any election or other vote placed before the shareholders of the Company.


12.6
PRICE.

(a)
The initial price of each share of Series A Preferred Stock shall be $2.50.

(b)
The price of each share of Series Preferred Stock may be changed eithethrough a majority vote of the Board of Directors through a resolution at a meeting of the Boardor through a resolution passed at an Action Without Meeting of the unanimous Boarduntil such time as a listed secondary and/or listed public market develops for the shares.


12.7
LOCK-UP RESTRICTIONS ON CONVERSION.  Shares of Series Preferred Stock may not be converted into shares of Common Stock for a period of: a) six (6) months after purchase, if the Company voluntarily or involuntarily files public reports pursuant to Section 12 or 15 of the Securities Exchange Act of 1934orb) twelv(12) months if the Company does not file such public reports.


THIRD: That said Certificate of Designations was duly adopted in accordance with thprovisions of the Nevada Revised Statutes.

IN WITNESS WHEREOF, said corporation has caused this certificate to be signethis 25th Day of February2016.

By: Wayne Bailey, CFO and Director



Adopted this 25 day of February2016 by all the Directors of the corporation.