EXHIBIT 4.4


 





THIRD AMENDED AND RESTATED DESIGNATIONS
OF PREFERENCES AND RIGHTS


OF


SERIES A CONVERTIBLE PREFERRED STOCK


OF


INVISA, INC.


 


 


The undersigned, Edmund C. King, certifies
that:


 


1.     He is the President and Chief Executive Officer of Invisa, Inc., a corporation organized and existing under the laws of the State
of Nevada (the "Corporation").


 


2.     Pursuant to authority conferred upon the Board of Directors by the Articles of Incorporation of the Corporation, and pursuant to
the provisions of Section 78.1955 of the Nevada Revised Statutes, the Board of Directors adopted a resolution to create
a series of preferred stock designated as Series A Convertible Preferred Stock. A Certificate of Designation of Preferences and
Rights of Series A Convertible Preferred Stock was filed with the Nevada Secretary of State on August 19, 2004 and subsequently
amended and restated by that certain Amended and Restated Certificate of Designation of Preferences and Rights of Series A Convertible
Preferred Stock filed with the Nevada Secretary of State on August 31, 2005, and further amended and restated by that certain Second
Amended and Restated Certificate of Designation of Preferences and Rights of Series A Convertible Preferred Stock filed with the
Nevada Secretary of State on March 7, 2014.


 


3.     Pursuant to the provisions of Section 78.1955
of the Nevada Revised Statutes, the Board of Directors, at a meeting held on April 28, 2014 adopted a resolution to amend and restate
the rights, preferences, privileges and restrictions of, the Corporation's Series A Preferred Stock, as provided in this Third
Amended and Restated Certificate of Designation of Preferences and Rights of Series A Convertible Preferred Stock (the “Resolution”).


 


4.     The Resolution and this Third Amended and Restated Certificate of Designation of Preferences and Rights of Series A Convertible
Preferred Stock have been approved by unanimous consent of the holders of shares of the Corporation’s Series A Convertible
Preferred Stock, Series B Convertible Preferred Stock and Series C Convertible Preferred Stock, which constitutes the approval
of the class of stock being amended and each class of stock which, before the amendment, is
senior to the class being amended as to the payment of distributions upon dissolution of the Corporation as required pursuant to
Nevada Revised Statutes Section 78.1955.


 


5.     The Resolution is as follows:


 


         NOW, THEREFORE, BE IT RESOLVED, that the Board
of Directors hereby fixes and determines, the number of shares constituting, and the rights, preferences, privileges and restrictions
relating to, a new series of Preferred Stock as follows:


 


         (a)     Designation. The series of Preferred
Stock is hereby designated Series A Convertible Preferred Stock (the "Series A Preferred Stock").


 


         (b)     Authorized Shares. The number of authorized shares constituting
the Series A Preferred Stock shall be Twenty Two Thousand (22,000) shares of such series.


 


         (c)     Face Value. The Series A Preferred Stock shall have a face
value of one hundred dollars ($100) per share (the “Series A Face Value”).


 



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         (c)     Dividends. The holder of the Series A Preferred Stock shall
be entitled to receive, when, as and if declared by the Board of Directors, out of any assets of the Corporation legally available
therefor, such dividends as may be declared from time to time by the Board of Directors. Nothing herein shall obligate or require
the Board of Directors to declare a dividend for the Series A Preferred Stock.


 


         (d)     Liquidation Preference. In the event of any liquidation,
dissolution or winding up of the Company, the Series A Preferred Stock shall be: (i) equal to the liquidation preference of the
Series B Preferred Stock and Series C Preferred Stock, and (ii) senior to the liquidation preference of all other classes of preferred
or common stock of the Company (the “Series A Liquidation Preference”). The Series A Liquidation Preference shall
be in an amount equal to the Series A Face Value. At the option of the Holders of the Series A Preferred Stock, a merger (except
into a subsidiary), sale of all or substantially all of the assets of the Company, reorganization or other transaction in which
control of the Company is transferred may be deemed to be a liquidation, dissolution or winding up for purposes of this Section.
Distribution equal to the Series A Face Value constitutes payment in full to the holders of the Series A Preferred Stock.


 


         (e)     Voting Rights. Except as otherwise required by law, each
outstanding share of Series A Preferred Stock shall have the right to 3,000 votes on matters that come before the shareholders.


 


         (f)     Conversion.


 


                  (i)     Conversion
Shares. The Series A Preferred Stock has a fixed conversion price of $0.60 per share resulting in the number of shares of
common stock to be issued upon conversion equaling 166.66 shares of common stock for each share of Series A Preferred Stock (i.e.,
the Series A Face Value divided by sixty cents ($0.60) per share)(the “Series A Conversion Shares”) The Series A Conversion
Shares will be proportionately adjusted upon a common stock split or common stock dividend after the date hereof. Any fractional
shares shall be rounded-up to a whole share.


 





                  (ii)     Right
to Convert. The Holder of Series A Preferred Stock may convert the Series A Preferred Stock into Series A Conversion Shares
at any time by providing written notice to the Company.


 


         (h)      Severability. If any right, preference
or limitation of the Series A Preferred Stock set forth herein is invalid, unlawful or incapable of being enforced by reason of
any rule, law or public policy, all other rights, preferences and limitations set forth herein that can be given effect without
the invalid, unlawful or unenforceable right, preference or limitation shall nevertheless remain in full force and effect, and
no right, preference or limitation herein shall be deemed dependent upon any other such right, preference or limitation unless
so expressed herein.


 


3.     The number of authorized shares of Preferred
Stock of the Corporation is five million (5,000,000) shares and the number of shares of Series A Preferred Stock designated and
authorized hereby is Twenty Two Thousand (22,000) shares of which 9,715 shares of Series A Preferred Stock are currently outstanding.


 


The undersigned declares under penalty of perjury
that the matters set out in the foregoing Certificate are true of his own knowledge.


 


Executed at Sarasota, Florida on this 29th day of April 2014.


 








	
	 
	 
	/s/ Edmund C. King
	Print Name:  Edmund C. King
	Title: President and Chief Executive Officer



 






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