Company: EQS
Filing Date: 2025-05-12
Form Type: DEF 14A
Source: 0001712543-25-000028
Chunk: 66

Company: EQUUS TOTAL RETURN, INC.
Filing Date: 2025-05-12
Form: DEF 14A
Chunk 66
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 organized and existing under and by virtue of the provisions of the General Corporation Law of the State of Delaware (the
“General Corporation Law”), does hereby certify as follows:

1. The
current name of the Corporation is Equus Total Return, Inc., and the Corporation was originally incorporated pursuant to the General Corporation
Law on August 16, 1991.

2. The
Corporation’s Third Restated Certificate of Incorporation was filed with the Secretary of State of the State of Delaware to become
effective on February ___, 2021 (as amended from time to time, the “Certificate of Incorporation”).

3. The
amendments to the Certificate of Incorporation set forth in this Certificate of Amendment were duly authorized and adopted in accordance
with Section 242 of the General Corporation Law.

4. The
amendment to the existing Certificate of Incorporation being effected hereby is to amend and restate in its entirety the Fifth Article
of the Certificate of Incorporation as follows:

: Effective as of 12:01 a.m.
Eastern Time on (the “Effective Time”), each shares of the Corporation’s Common
Stock issued and outstanding immediately prior to the Effective Time shall, automatically and without any action on the part of the Corporation
or the respective holders thereof, be combined and converted into one share of Common Stock without increasing or decreasing the par value
of each share of Common Stock (the “Reverse Stock Split”). No fractional shares of Common Stock shall be issued as a result
of the Reverse Stock Split and, in lieu thereof, upon surrender after the Effective Time of a certificate or book entry position which
formerly represented shares of Common Stock that were issued and outstanding immediately prior to the Effective Time, any person who would
otherwise be entitled to a fractional share of Common Stock as a result of the Reverse Stock Split, following the Effective Time, shall
be entitled to receive a cash payment (without interest and subject to withholding taxes, as applicable) equal to the fraction of a share
of Common Stock to which such holder would otherwise be entitled multiplied by the closing price of Common Stock on the New York Stock
Exchange on the first business day immediately preceding the Effective Time (as adjusted in good faith by the Corporation to account for
the reverse stock split ratio). The Reverse Stock Split shall occur whether or not the certificates representing such shares of Common
Stock are surrendered to the Corporation or its transfer agent. Each certificate or book entry position that immediately prior to the
Effective Time represented shares of Common Stock shall thereafter represent