10/25/2006 Restated Articles - Each share of Series A Stock will be equal to the number of votes of 20,000,000 shares of Common Stock.
The Articles of Incorporation of Silver Screen Studios Inc., are hereby amended and restated pursuant to Article 4, Section B of the Articles of Incorporation of the Company.
The Board of Directors has authorized the issuance of, and fixes the designation and preferences and relative, participating, optional, and other special rights, and qualifications, limitations and restrictions, of a series of Preferred Stock consisting of fifty million (50,000,000) shares, with $1.00 par value, to be designated “Series A Convertible Preferred Stock” (the “Series A Stock”). Each share of the Series A Stock shall rank equally in all aspects and shall be subject to the following terms and provisions:
1.
Preference on Liquidation. In the event of any voluntary or involuntary liquidation, distribution of the assets (other than payment of dividends) dissolution or winding up of the Company, Series A Stock shall have preferential rights to the Company’s common stock and any holders of debt instruments issued by the Company.
2.
Voting Rights: General Rights. Except as otherwise provided herein or as required by law, the Series A Stock shall be voted equally with the shares of the Common Stock and not as a separate class, at any annual or special meeting of the shareholders of the Corporation, and may act by written consent in the same manner as the Common Stock. Each share of Series A Stock will be equal to the number of votes of 20,000,000 shares of Common Stock.
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