Attached files
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8-K - FORM 8-K - PARK CITY GROUP INC | pcyg8k_july252017.htm |
Exhibit 4.1
AMENDMENT NO. 1
TO THE
FIRST AMENDED AND RESTATED CERTIFICATE OF DESIGNATION
OF THE RELATIVE RIGHTS, POWERS AND PREFERENCES
OF THE SERIES B-1 PREFERRED STOCK
OF
PARK CITY GROUP, INC.,
A Nevada corporation
Pursuant to Section 78.1955 of the
Nevada Revised Statutes
On behalf of Park City Group, Inc., a Nevada
corporation (the “Company”), in accordance with the
provisions of the Nevada Revised Statutes (the
“NRS”),
the Company's Board of Directors and the holders of 100% of the
issued and outstanding shares of Company’s Series B-1
Preferred Stock (the “Series
B-1 Preferred”) have duly
approved and adopted the following resolution amending the
Certificate of Designation of the Relative Rights, Powers and
Preferences of the Series B-1 Preferred Stock (the
“Certificate
of Designation”):
RESOLVED, that, pursuant to the authority granted to and
vested in the Board by the provisions of the Articles of
Incorporation of the Company, as amended (the
“Articles of
Incorporation”):
1.
The
second paragraph of the Certificate of Incorporation shall be
deleted in its entirety and replaced with the
following:
“By resolution, the Board of Directors of
the Corporation has established, designated and fixed the terms,
preferences, limitations and relative rights of up to five hundred
fifty thousand (550,000) shares of the authorized and unissued
preferred stock of the Corporation, par value $0.01 per share, as
“Series B-1 Preferred Stock” (the
“Series B-1 Preferred
Stock”) with the
following rights, preferences, powers, privileges and restrictions,
qualifications and limitations:”
[REMAINDER OF PAGE INTENTIONALLY LEFT BLANK]
IN WITNESS
WHEREOF, the undersigned have
duly signed this Amendment No. 1 to the Certificate of Designation
as of this 20th day of July, 2017.
Park City Group, Inc.
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/s/
Edward L. Clissold
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By:
Edward L. Clissold
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Title: Corporate
Secretary and General Counsel
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