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8-K - AXIOM CORP. - CURRENT REPORT FOR EVENTS OCCURRING ON MARCH 21, 2015 - AXIOM CORP.axion-form8kfor03212015.htm
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Exhibit 3.1

CERTIFICAT O DESIGNATION OF 

AXIO CORP

ESTABLISHING TH DESIGNATIONS, PREFERENCES, LIMITATION AN RELATIV RIGHT O ITS  CLAS PREFERRE SHARE

AND

CLAS PREFERRE SHARE

 

Pursuant   t Section   7-106-102   o th Colorado   Business   Corporations   Act Axiom   Corp.,  a corporation organize an existin unde th Colorad Busines Corporation Ac (th Company”), 

 

DOE HEREB CERTIF tha pursuan to th authorit conferre upo th Boar of Director b the Article o Incorporation a amended o th Company an pursuan t Sectio 7-106-10 o th Colorad Business Corporation Act th Boar o Directors b unanimou writte consen o al member o th Boar o Director on Marc 20 2015 dul adopted  a resolution   providing   fo th creation   o serie o share o Serie Preferred Stoc an Serie Preferre Stock whic resolutio i an read a follows

 

RESOLVED tha pursuan t th authorit expressl grante t an investe i th Boar o Director of Axiom   Corp.   by   the   provisions   of   the   Articles   of   Incorporation   of   the   Company,   as   amended,   a   series   of   the preferre stock pa valu $0.0000 pe share o th Compan be an i hereb is established an

 

FURTHER   RESOLVED,    that   the   Series   A   Preferred   Stock   of   the   Company   is   hereby   given   the distinctiv designatio o Serie Preferre Stock an

 

FURTHE RESOLVED tha th Serie Preferre Stoc shal consis o 5,000,00 shares and 

 

FURTHE RESOLVED tha th Serie Preferre Stoc o th Compan i hereb give th distinctive designatio o Serie Preferre Stock an

 

FURTHE RESOLVED tha th Serie Preferre Stoc shal consis o 5,000,00 shares an

 

FURTHER   RESOLVED,   tha th Serie Preferre Stoc an th Serie Preferre Stoc shal have the   powers   and   preferences,   and   the   relative,   participating,   optional   and   other   rights,   and   the   qualifications, limitations an restriction thereo se fort belo (th Designation”  o th Certificat o Designations”)

 

SECTIO 1          DEFINITIONS

 

Fo purpose o thi Designation th followin definition shal apply

 

(a             Business   Day”  mean da i whic majority   o th bank i th Stat o Colorado   i th

Unite State o Americ ar ope fo business

 

(b)           Commo Stock”  mean th Company $0.0000 pa valu commo stock o an othe clas of stoc resultin fro successiv change o reclassifications   o suc commo stoc consistin solel o change in pa value o a resul o subdivision combination o merger consolidatioo simila transactio i whic the Compan i constituen corporation

 

(c             Conversion   Date”   shall   mean   the   date   in   which   a   Conversion   Notice   is   received   by   th

Company

 

(d)           Distribution”  shal mea th transfe o cas o othe propert withou consideratio whethe by wa o dividen o otherwis (othe tha dividend o Commo Stoc payabl i Commo Stock) o th purchase o redemptio o share o th Compan fo cas o propert othe than (i repurchase o Commo Stoc issue to o hel b employees officers director o consultant o th Compan o it subsidiarie upo terminatio o their employment   or   services   pursuant   to   agreements   providing   for   the   right   of   said   repurchase,   (ii)   repurchases   o

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Commo Stoc issue t o hel b employees officers director o consultant o th Compan o it subsidiaries pursuan t right o firs refusa containe i agreement providin fo suc right (iii repurchase o capita stock of th Compan i connectio wit th settlemen of dispute wit an shareholder (iv an othe repurchas or redemptio o capita stoc o th Compan approve b th holder o (a majorit o th Commo Stoc an (b) majorit o th Preferre Stoc o th Compan votin a separat classes

 

(e)           Holder”  shal mea th perso o entit i whic th Preferre Stoc i registere o th books o th Company,   whic shal initiall b th perso o entit whic subscribes   fo th Preferred   Stock an shall thereafte b permitte an lega assign whic th Compan i notifie o b th Holde an whic th Holde has provide vali lega opinio i connectio therewit t th Company. 

 

(f              Holders”  shal mea al Holder o eithe serie o Preferre Stock

 

(g             Junior  Stock”  shal mea th Company Commo Stock

 

(f              Liquidation   Preference”  shal mea th Origina Issu Pric pe shar fo eac shar o Series 

A o Preferre Stoc (a appropriatel adjuste fo an Recapitalizations)

 

 

issued


(g             Original   Issu Date”   shal mea th dat upo which   th shares   o Preferred   Stoc ar first 

 

 

Stock


(h             Preferre Stock”  mean th collectivel th Serie Preferre Stoc an th Serie Preferre

 

 

(i)            Preferre Stoc Certificates”  mean th certificates a replace fro tim t time evidencing th outstandin Preferre Stoc shares

 

(j)            Recapitalization”     shall    mean    any    stock    dividend,    stock    split,    combination    of    shares, reorganization recapitalization reclassificatio o othe simila event

 

(k)           Restricted   Shares”  mean share o th Companys   Commo Stoc whic ar restricte from bein transferre b th Holde thereo unles th transfe i effecte i complianc wit th Securitie Ac o 1933, a amende an applicabl stat securitie law (includin investmen suitabilit standards whic share shal bear th followin restrictiv legen (o on substantiall similar)

 

"The   securities   represented   by   this   certificate   have   not   been   registered   under   the Securitie Ac o 193 o an stat securitie act.   Th securitie hav bee acquire for investment   an ma no b sold transferred,   pledge o hypothecated   unles (i they shal hav bee registere unde th Securitie Ac of 193 an an applicabl state securities   act,   o (ii)   the   corporation   shall   have   been   furnished   with   aopinion   of counsel,   satisfactory   t counsel   fo th corporation,   tha registration   i no required unde an suc acts.

 

SERIE PREFERRE STOC

 

SECTIO 2.        DESIGNATION   O SERIES    PREFERRED   STOCK;   RANK.    Th share o suc series shal b designated   a th Serie Preferred   Stock”  (th Serie Preferred   Stock an th numbe o shares initiall constitutin suc serie shal b u t 5,000,00 shares

 

SECTIO 3.        CONVERSION.     Th Serie Preferre Stoc shal b convertible a th optio o th Holder, int Commo Stoc a specificall se fort below

 

(a)           Conversio Price.   Th Conversio Price”  pe shar o th Serie Preferre Stoc i connection wit Conversio shal b a rati o 1:10 meanin fo ever (1 on Preferre Stoc shar shal conver int 10 commo share o stoc o th Company

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(b)           Taxes.     Th Compan shal no b require t pa an ta whic ma b payabl i respec to an transfe involve i th issu an deliver o share o Commo Stoc upo conversio i nam othe than tha i whic th share o th Serie Preferre Stoc s converte wer registered an n suc issu o delivery shal b mad unles an unti th perso requestin suc issu o deliver ha pai t th Compan th amoun of an suc tax o ha established t th satisfactio o th Company tha suc ta ha bee paid.   Th Compan shall withhold   from   any   payment   due   whatsoever    in   connection    with   the   Preferred   Stock   any   and   all   required withholding and/o taxe th Company i it sol discretio deem reasonabl o necessary absen a opinio from Holder’ accountan o lega counsel acceptabl t th Compan i it sol determination,   tha suc withholdings and/o taxe ar no require t b withhel b th Company

 

(c)           Reservatio o Stoc Issuabl Upo Conversion Th Compan shal a al time reserv an keep available   out   of   its   authorized   but   unissued   shares   of   Common   Stock   solely   for   the   purpose   of   effecting   the conversio o th share o th Serie Preferre Stock suc numbe o it share o Commo Stoc a shal from tim t tim b sufficien t effec th conversio o al the outstandin share o th Serie Preferre Stock and i a an tim th numbe o authorize bu unissue share o Commo Stoc shal no b sufficien t effec the conversio o al the outstandin share o th Serie Preferre Stock th Compan wil withi reasonabl time perio mak goo fait effor t tak suc corporat actio a may i th opinio o it counsel b necessar to increas it authorize bu unissue share o Commo Stoc t suc numbe o share a shal b sufficien fo such purpose

 

(d)           Effec o Conversion.    O th dat o an Conversion al right o an Holde wit respec t the shares   o th Series    Preferred   Stock   s converted,   including   th rights,   i any t receive   distributions   o the Companys   asset(including,   bu no limited   to th Liquidation   Preference)   o notices   fro th Company,   will terminate,   excep onl fo th right o an suc Holder   t receive   certificates   (i applicable)   fo th number   of share o Commo Stoc int whic suc share o th Serie Preferre Stoc hav bee converted

 

SECTIO 4.     VOTING Th holde o eac shar o Serie Preferre Stoc shal hav th righ t on vot for eac shar o Commo Stoc int whic suc Serie Preferre Stoc coul the b converted an wit respec to suc vote suc holde shal hav ful votin right an power equa t th votin right an power o th holders of   Common   Stock,   and   shall   be   entitled,   notwithstanding   any   provision   hereof,   to   notice   of   any   stockholdersmeetin i accordanc wit th Bylaw of thi Corporation an shal b entitle t vote togethe wit holder of Commo Stock wit respec t an questio upo whic holder o Commo Stoc hav th righ t vote

 

SECTIO 5.        DIVIDENDS

 

(a             Th holder o th Serie Preferre Stoc shal no b entitle t receiv an dividends

 

(b)           T th fulles exten permitte b th Colorad Busines Corporation Act th Compan shal be expressly    permitted    to   redeem,   repurchase    or   make   distributions    on   the   shares   of   its   capital   stock   in   all circumstance othe tha wher doin s woul caus th Compan t b unabl t pa it debt a the becom due i th usua cours o business

 

SECTIO 6.        LIQUIDATIO PREFERENCE

 

(a)           Liquidatio Preference I th even o an liquidation dissolutio o windin u o th Company, eithe voluntar o involuntary th Holder o th Serie Preferre Stoc shal b entitle t receive prio an in preferenc t an Distributio o an o th asset o th Compan t th Holder o th Junio Stoc b reaso of thei ownershi o suc stock bu no prio t an holder o th Company Senio Securities whic holder shall hav priority   t th distribution   o an asseto th Company,   a amount   pe shar fo eac shar o Series   A Preferre Stoc hel b them    equa t th su o th Liquidatio Preferenc specifie fo suc shar o Serie A Preferred   Stock.   I upo th liquidation,   dissolution   o winding   u o th Company,   th asseto th Company legally   available   for   distribution   to   the   Holders   of   the   Series   A   Preferred   Stock   are   insufficient   to   permit   the paymen t suc Holder o th ful amount specifie i thi Sectio 6(a) subsequen t th paymen t th Senior Securitie the th entir remainin asset of th Compan followin th paymen t th Senio Securitie legally available   fo distribution   shal b distributed   wit equa priority   an pr rat amon th Holder o th Serie

 

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Preferre Stoc i proportio t th ful amount the woul otherwis b entitle t receiv pursuan t thi Sectio

6(a). 

 

(b)           Remaining   Assets.   After   the   payment   to   the   Holders   of   Series   A   Preferred   Stock   of   the   full preferentia amount specifie above th entir remainin asset o th Compan legall availabl fo distribution b th Company   shal b distributed   wit equa priority   an pr rat among   th Holders   o th Junior   Stoc in proportio t th numbe o share o Junio Stock an th term o suc Junio Stock hel b them

 

(c)           Valuatio o Non-Cas Consideration I an asset o th Compan distribute t shareholder in connectio wit an liquidation dissolution o windin u o th Compan ar othe tha cash the th valu of suc asset shall  b thei fai marke valu a determine i goo fait b th Boar o Directors I th even o a merge o othe acquisitio o th Compan b anothe entity th Distributio dat shal b deeme t b th date suc transactio closes. 

 

SECTIO 7          REDEMPTION.   Th Serie Preferre Stoc shal hav n redemptio rights

 

SERIE PREFERRE STOC

 

SECTIO 8.        DESIGNATION   O SERIES    PREFERRED   STOCK;   RANK.    Th share o suc series shal b designated   a th Serie Preferred   Stock”  (th Serie Preferred   Stock an th numbe o shares initiall constitutin suc serie shal b u t 5,000,00 shares

 

SECTIO 9.        CONVERSION.     Th Serie Preferre Stoc shal b convertible a th optio o th Holder, int Commo Stoc a specificall se fort below

 

(a)           Conversio Price.   Th Conversio Price”  pe shar o th Serie Preferre Stoc i connection wit Conversio shal b a rati o 1:10 meanin fo ever (1 on Preferre Stoc shar shal conver int 10 commo share o stoc o th Company

 

(b)           Taxes.     Th Compan shal no b require t pa an ta whic ma b payabl i respec to an transfe involve i th issu an deliver o share o Commo Stoc upo conversio i nam othe than tha i whic th share o th Serie Preferre Stoc s converte wer registered an n suc issu o delivery shal b mad unles an unti th perso requestin suc issu o deliver ha pai t th Compan th amoun of an suc tax o ha established t th satisfactio o th Company tha suc ta ha bee paid.   Th Compan shall withhol fro an paymen du whatsoeve in connectio wit th Serie B Preferre Stoc an an all required withholding and/o taxe th Company i it sol discretio deem reasonabl o necessary absen a opinio from Holder’ accountan o lega counsel acceptabl t th Compan i it sol determination,   tha suc withholdings and/o taxe ar no require t b withhel b th Company

 

(c)           Reservatio o Stoc Issuabl Upo Conversion Th Compan shal a al time reserv an keep available   out   of   its   authorized   but   unissued   shares   of   Common   Stock   solely   for   the   purpose   of   effecting   the conversio o th share o th Serie Preferre Stock suc numbe o it share o Commo Stoc a shal from tim t tim b sufficien t effec th conversio o al the outstandin share o th Serie Preferre Stock and i a an tim th numbe o authorize bu unissue share o Commo Stoc shal no b sufficien t effec the conversio o al the outstandin share o th Serie Preferre Stock th Compan wil withi reasonabl time perio mak goo fait effor t tak suc corporat actio a may i th opinio o it counsel b necessar to increas it authorize bu unissue share o Commo Stoc t suc numbe o share a shal b sufficien fo such purpose

 

(d)           Effec o Conversion.    O th dat o an Conversion al right o an Holde wit respec t the shares   o th Series    Preferred   Stock   s converted,   including   th rights,   i any t receive   distributions   o the Companys   asset(including,   bu no limited   to th Liquidation   Preference)   o notices   fro th Company,   will terminate,   excep onl fo th right o an suc Holder   t receive   certificates   (i applicable)   fo th number   of share o Commo Stoc int whic suc share o th Serie Preferre Stoc hav bee converted

 

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SECTIO 10.     VOTING Th holde o eac shar o Serie Preferre Stoc shal hav th righ t twenty-five vote fo eac shar o Commo Stoc int whic suc Serie Preferre Stoc coul the b converted an with respec to suc vote suc holde shal hav ful votin right an power equa to th votin right an power of the holders   of   Common    Stock,   and   shall   be   entitled,    notwithstanding    any   provision    hereof,   to   notice   of   any stockholders’  meetin i accordanc wit th Bylaw o thi Corporation an shal b entitle t vote togethe with holder o CommoStock wit respec t an questio upo whic holder o CommoStoc hav th righ to vote

 

SECTIO 11.      DIVIDENDS

 

(a             Th holder o th Serie Preferre Stoc shal no b entitle t receiv an dividends

 

(b)           T th fulles exten permitte b th Colorad Busines Corporation Act th Compan shal be expressly    permitted    to   redeem,   repurchase    or   make   distributions    on   the   shares   of   its   capital   stock   in   all circumstance othe tha wher doin s woul caus th Compan t b unabl t pa it debt a the becom due i th usua cours o business

 

SECTIO 12.      LIQUIDATIO PREFERENCE

 

(a)           Liquidatio Preference I th even o an liquidation dissolutio o windin u o th Company, eithe voluntar o involuntary th Holder o th Serie Preferre Stoc shal b entitle t receive prio an in preferenc t an Distributio o an o th asset o th Compan t th Holder o th Junio Stoc b reaso of thei ownershi o suc stock bu no prio t an holder o th Company Senio Securities whic holder shall hav priority   t th distribution   o an asseto th Company,   a amount   pe sharfo eac sharo Series   B Preferre Stoc hel b them    equa t th su o th Liquidatio Preferenc specifie fo suc shar o Serie B Preferred   Stock.   I upo th liquidation,   dissolution   o winding   u o th Company,   th asseto th Company legall availabl fo distributio t th Holder o th Serie Preferre Stoc ar insufficien t permi th payment to   such   Holders   of   the   full   amounts   specified   in   this   Section   11(a),   subsequent   to   the   payment   to   the   Senior Securitie the th entir remainin asset of th Compan followin th paymen t th Senio Securitie legally available   fo distribution   shal b distributed   wit equa priority   an pr rat amon th Holdero th Serie B Preferre Stoc i proportio t th ful amount the woul otherwis b entitle t receiv pursuan t thi Sectio

11(a). 

 

(b)           Remaining   Assets.   After   the   payment   to   the   Holders   of   Series   B   Preferred   Stock   of   the   full preferentia amount specifie above th entir remainin asset o th Compan legall availabl fo distribution b th Company   shal b distributed   wit equa priority   an pr rat among   th Holders   o th Junior   Stoc in proportio t th numbe o share o Junio Stock an th term o suc Junio Stock hel b them

 

(c)           Valuatio o Non-Cas Consideration I an asset o th Compan distribute t shareholder in connectio wit an liquidation dissolution o windin u o th Compan ar othe tha cash the th valu of suc asset shall  b thei fai marke valu a determine i goo fait b th Boar o Directors I th even o a merge o othe acquisitio o th Compan b anothe entity th Distributio dat shal b deeme t b th date suc transactio closes. 

 

SECTIO 13.      REDEMPTION.   Th Serie Preferre Stoc shal hav n redemptio rights

 

 

MISCELLANEOU

 

SECTIO 14       REPORTS.   The   Company   shall   mail   to   all   holders   of   Preferred   Stock   those   reports,   proxy statement an othe material tha i mail t al o it holder o Commo Stock

 

SECTIO 15       NOTICES I additio t an othe mean o notic provide b la o i th Company' Bylaws, an notic required   b th provisions   o thi Designation   t b give t th holders   o Preferred   Stoc shal b

 

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deeme give i deposite i th Unite State mail postag prepaid an addresse t eac Holde o recor a such Holder' addres appearin o th book o th Company

 

SECTIO 16.      HEADINGS.    The   headings   of   the   various   sections   and   subsections    of   this   Certificate    of Designatio ar fo convenienc o referenc onl an shal no affec th interpretatio o an o th provision of thi Certificat o Designation

 

SECTIO 17.     INTERPRETATION.   Wheneve possible eac provisio o thi Certificat o Designatio shall b interprete i manne a t b effectiv an vali unde applicabl la an publi policy.   I an provisio set fort herei i hel t b invalid unlawfu o incapabl o bein enforce b reaso o an rul o la o public policy suc provisio shal b ineffectiv onl t th exten o suc prohibitio o invalidity withou invalidatin or otherwise   adversely   affectin th remaining   provisions   o thi Certificate   o Designation.   N provision   herei set forth   shall   b deemed   dependent   upon   another   provision   unless   s expressed   herein.   I court   o competent jurisdictio shoul determin tha provisio o thi Certificat o Designation   woul b vali o enforceabli a perio o tim wer extende o shortened the suc cour ma mak suc chang a shal b necessar t render th provisio i questio effectiv an vali unde applicabl law

 

IN   WITNESS   WHEREOF,   thundersigned   haexecuted   and   subscribed   this   Certificate   and   does affir th foregoin a tru thi 20th  da o March 2015

 

 

 

 

AXIO CORP

 

 

 

 

By: __/s/_Tyler Pearson__________________

 

Name Tyle Pearso

Title Chie Executiv Office

 

 

 

 

 

 

 

 

 

 

 

 

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