# EDGAR Filing Document

**Accession Number:** 0001940674
**File Stem:** 0001493152-26-006818
**Filing Date:** 2026-2
**Character Count:** 28179
**Document Hash:** 5998e34c3e97f0e781815bce966352dd
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001493152-26-006818.hdr.sgml**: 20260213

**ACCESSION NUMBER**: 0001493152-26-006818

**CONFORMED SUBMISSION TYPE**: 8-A12B

**PUBLIC DOCUMENT COUNT**: 2

**FILED AS OF DATE**: 20260213

**DATE AS OF CHANGE**: 20260213

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** SMX (Security Matters) Public Ltd Co
- **CENTRAL INDEX KEY:** 0001940674
- **STANDARD INDUSTRIAL CLASSIFICATION:** MISC INDUSTRIAL & COMMERCIAL MACHINERY & EQUIPMENT [3590]
- **ORGANIZATION NAME:** 06 Technology
- **EIN:** 000000000
- **STATE OF INCORPORATION:** L2
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** 8-A12B
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 001-41639
- **FILM NUMBER:** 26634810

**BUSINESS ADDRESS:**
- **STREET 1:** MESPIL BUSINESS CENTRE, MESPIL HOUSE
- **STREET 2:** SUSSEX ROAD
- **CITY:** DUBLIN 4
- **STATE:** L2
- **ZIP:** D04 T4A6
- **BUSINESS PHONE:** 353 1 920 1000

**MAIL ADDRESS:**
- **STREET 1:** MESPIL BUSINESS CENTRE, MESPIL HOUSE
- **STREET 2:** SUSSEX ROAD
- **CITY:** DUBLIN 4
- **STATE:** L2
- **ZIP:** D04 T4A6

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** Empatan Public Ltd Co
- **DATE OF NAME CHANGE:** 20220801

**UNITED STATES**

**SECURITIES AND EXCHANGE COMMISSION**

**WASHINGTON, D.C. 20549**

**FORM 8-A**

**FOR REGISTRATION OF CERTAIN CLASSES OF SECURITIES**

**PURSUANT TO SECTION 12(b) OR 12(g) OF THE**

**SECURITIES EXCHANGE ACT OF 1934**

**SMX (Security Matters) Public Limited Company**

**(Exact name of registrant as specified in its charter)**

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| | |
|:---|:---|
| **Ireland** | **N/A** |
| **(State of incorporation**<br> **or organization)** | **(I.R.S. Employer**<br> **Identification No.)** |

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| | |
|:---|:---|
| **Mespil Business Centre, Mespil House**<br> **Sussex Road, Dublin 4, Ireland** | **N/A** |
| **(Address of principal executive offices)** | **(Zip Code)** |

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**Securities to be registered pursuant to Section 12(b) of the Act:**

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| | |
|:---|:---|
| **Title for each class**<br> **to be so registered** | **Name of each exchange on which**<br> **each class is to be registered** |
| **Preferred Share Purchase Rights** | **The Nasdaq Stock Market LLC** |

---

If this form relates to the registration of a class of securities pursuant to Section 12(b) of the Exchange Act and is effective pursuant to General Instruction A.(c) or (e), please check the following box. ☒

If this form relates to the registration of a class of securities pursuant to Section 12(g) of the Exchange Act and is effective pursuant to General Instruction A.(d) or (e), please check the following box. ☐

If this form relates to the registration of a class of securities concurrently with a Regulation A offering, check the following box. ☐

**Securities Act registration statement or Regulation A offering statement file number to which this form relates (if applicable): Not applicable**

**Securities to be registered pursuant to Section 12(g) of the Act: None**

**Item 1. Description of Registrant's Securities to be Registered.**

***Background***

 ****

On January 30, 2026, the Board of Directors (the "**Board**") of SMX (SECURITY MATTERS) PLC, an Irish public limited company (the "**Company**"), authorised the issuance of one preferred share purchase right (a "**Right**") for each outstanding ordinary share, par value US$0.00000000002502543568 per share, of the Company (the "**Ordinary Shares**") or such Ordinary Shares of the Company as are in issue on the Record Date as a result of any consolidation of such Ordinary Shares. The Rights will be issued on March 2, 2026, to the shareholders of record on March 2, 2026. The complete terms of the Rights are set forth in a Rights Agreement (the "**Rights Agreement**"), dated as of February 13, 2026, between the Company and Continental Stock Transfer & Trust Company, as rights agent.

The Board adopted the Rights Agreement to protect shareholders from coercive or otherwise unfair takeover tactics. In general terms, it works by imposing a significant penalty upon any person or group which acquires 10% or more of the outstanding Ordinary Shares without the prior approval of the Board. As a result, the overall effect of the Rights Agreement and the issuance of the Rights may be to render more difficult or discourage a merger, tender or exchange offer or other business combination involving the Company that is not approved by the Board. However, the Rights Agreement should not interfere with any merger or other business combination approved by the Board.

***Summary of the Rights Agreement***

 ****

The following is a summary of the terms of the Rights Agreement. The summary does not purport to be complete and is qualified in its entirety by reference to the Rights Agreement, a copy of which is attached as Exhibit 99.1 and is incorporated herein by reference.

*The Rights*. The Rights will initially trade with, and will be inseparable from, the Ordinary Shares. The Rights are evidenced only by book-entry credits that represent Ordinary Shares.

*Exercise Price.* Each Right will allow its holder to purchase from the Company one Series A Preferred Share (a "**Preferred Share**") for US$0.0001 (the "**Exercise Price**"), once the Rights become exercisable.

*Exercisability.* The Rights will not be exercisable until ten (10) days after the public announcement that a person or group has become an "**Acquiring Person**" by obtaining beneficial ownership of 10% or more of the outstanding Ordinary Shares.

The Company refers to the date when the Rights become exercisable as the "**Distribution Date**." Until that date, any transfer of Ordinary Shares will constitute a transfer of Rights. After that date, the Rights will separate from the Ordinary Shares and be evidenced by book-entry credits or by Rights certificates that the Company will mail to all eligible holders of Ordinary Shares. Any Rights held by an Acquiring Person are void and may not be exercised.

*Consequences of a Person or Group Becoming an Acquiring Person.*

*Flip In.* If a person or group becomes an Acquiring Person, all holders of Rights except the Acquiring Person (and its affiliates and associates) may, for US$0.0001, purchase one Preferred Share in the Company for each one Ordinary Share held in the Company. The aggregate Preferred Shares shall have a liquidation preference of US$250 million, plus any accrued and unpaid dividends thereon, payable in cash and in priority to any payment or distribution to holders of Ordinary Shares upon any change of control not pre-approved by the Board, liquidation, dissolution, or winding up of the Company. A fixed cumulative cash dividend shall be payable to the holders of Preferred Shares at an annual rate of 18.5% per annum on the liquidation preference amount, accruing daily and payable quarterly in arrears on customary quarter-ends, in priority to any dividend or distribution on Ordinary Shares. To the extent not lawfully paid in cash (e.g., due to insufficient distributable profits), dividends will accrue.

*Flip Over.* If the Company is later acquired in a merger or similar transaction after the Distribution Date, all holders of Rights except the Acquiring Person may purchase shares of the acquiring company at a discount to the market value of the acquiring company's shares.

*Notional Shares.* Shares held by affiliates and associates of an Acquiring Person, and notional Shares held by counterparties to a derivatives contract with an Acquiring Person, will be deemed to be beneficially owned by the Acquiring Person.

*Expiration.* The Rights will expire on the earliest of (i) the close of business on the first anniversary of the date of the Rights Agreement, or (ii) the time at which the Rights are redeemed as provided in Clause 23 of the Rights Agreement, or (iii) the date upon which the liquidation preference, and all interest thereon, has been paid by the Company to the holders of the issued Preferred Shares.

*Redemption.* The Board may redeem the Rights for US$0.0001 per Right at any time before any person or group becomes an Acquiring Person. If the Board redeems any Rights, it must redeem all of the Rights. Once the Rights are redeemed, the only right of the holders of Rights will be to receive the redemption price of US$0.0001 per Right. The redemption price will be adjusted if we have a stock split or stock dividends of the Ordinary Shares.

*Anti-Dilution Provisions.* The Board may adjust the purchase price of the Preferred Shares, the number of Preferred Shares issuable and the number of outstanding Rights to prevent dilution that may occur from a stock dividend, a stock split, or a reclassification of the Preferred Shares or Ordinary Shares. No adjustments to the Exercise Price of less than 1% will be made.

*Amendments.* The terms of the Rights Agreement may be amended by the Board without the consent of the holders of the Rights. After a person or group becomes an Acquiring Person, the Board may not amend the Rights Agreement in a way that adversely affects holders of the Rights.

**Item 2. Exhibits.**

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| | |
|:---|:---|
| **Exhibit<br> No.** | **Description** |
| 3.1 | [Designation of Series A Preferred Shares of SMX (Security Matters) PLC](ex3-1.htm) |
| 4.1 | [Rights Agreement, dated as of February 13, 2026, between the Company and Continental Stock Transfer & Trust Company (incorporated by reference to Exhibit 99.1 of the Company's Form 6-K, filed with the SEC on February 13, 2026).](https://www.sec.gov/Archives/edgar/data/1940674/000149315226006812/form6-k.htm) |
| 4.2 | Form of Right Certificate (included as part of Exhibit 4.1 hereto). |

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**SIGNATURE**

Pursuant to the requirements of Section 12 of the Securities Exchange Act of 1934, the registrant has duly caused this registration statement to be signed on its behalf by the undersigned, thereto duly authorized.

Date: February 13, 2026

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| | |
|:---|:---|
| **SMX (Security Matters) Public Limited Company** | **SMX (Security Matters) Public Limited Company** |
| By: | */s/ Haggai Alon* |
| Name: | Haggai Alon |
| Title: | Chief Executive Officer |

---

## Exhibit 3.1

**Exhibit 3.1**

**DESIGNATION OF SERIES A PREFERRED SHARES OF SMX (SECURITY MATTERS) PLC**

**SMX (SECURITY MATTERS) PUBLIC LIMITED COMPANY** a company incorporated under the laws of Ireland with registration number 722009 and having its principal place of business at Mespil Business Centre, Mespil House, Sussex Road, Dublin 4, Ireland, D04 T4A6 (hereinafter called the "**Company**"), hereby certifies that the following resolution was adopted by the Board of Directors of the Company (the "**Board of Directors**" or the "**Board**") on <u>30 January</u> 2026:

**RESOLVED**, that, pursuant to the authority conferred on and vested in the Board of Directors under the constitution of the Company (the "**Constitution**"), a series known as series A preferred shares, par value US$0.0001 per share, be and is hereby created, and that the designation and number of shares of such series and the powers, preferences and relative, participating, optional and other special rights, and the qualifications, limitations and restrictions attaching thereto, are as follows:

**Series A Preferred Shares**:

1. **Interpretation** 

In this Certificate, unless the context otherwise requires or unless otherwise specified, the following words and expressions shall have the following meanings. Terms not defined herein shall have the meaning given to them in the Rights Agreement.

"**Change of Control**" occurs if any of the following occur:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) a
 person or entity acquires (or more than one person or entities acting in a co-ordinated manner
 acquire) Control of the Company after the date of this Deed;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) the
 Company merges or amalgamates with any other entity in any jurisdiction or is subject to
 a scheme of arrangement or any analogous process in any jurisdiction; or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) the
 Company ceases to own or have sole control of all or a substantial part of its business or
 assets.

"**Control**" means the ability of a person or persons, directly or indirectly, to direct or cause the direction of the affairs of another person, whether through provisions contained in its constitutional documents or, as the case may be, certificate of incorporation or by-laws or other documentation regulating or managing the affairs of that or any other person, or by virtue of any powers conferred by any applicable laws or regulations, the ownership of voting securities, by contract or otherwise and shall, for the purpose of this Deed include having a direct or indirect interest in more than 50% of the Ordinary Shares from time to time, including without limitation, any Restricted Voting Ordinary Shares.

"**Dividend**" means the dividend payable on the Preferred Shares.

"**Dividend Rate**" means 18.5% per annum; provided, however, that if at any time the Company shall have for any reason failed to pay dividends in cash in a timely manner as required by this Certificate, then immediately following such failure and for all Dividend Periods thereafter until the Dividend Period following the date on which the Company shall have paid in cash full cumulative dividends (including any unpaid dividends added to the Liquidation Preference pursuant to Section 2), the "**Dividend Rate**" shall mean 20.0%.

"**Exchange Act**" means the Securities Exchange Act of 1934, as amended.

"**Liquidation Preference**" has the meaning set forth in Section 2.

"**Ordinary Shares**" means the ordinary shares with a nominal value of US$0.00000000002502543568 each in the capital of the Company on the date of the Rights Agreement or such Ordinary Shares of the Company as are in issue on the Record Date as a result of any consolidation of such Ordinary Shares.

"**Record Date**" means 2 March 2026 or such other date as may be specified by the Board for purposes of eligibility and issuance under the plan implementation.

"**Restricted Voting Ordinary Shares**" has the meaning set forth in the Constitution from time to time.

"**Rights Agreement**" means the Rights Agreement between the Company and Continental Stock Transfer & Trust Company dated 13 February 2026.

"**Series A Preferred Majority**" or "**Preferred Majority**" means holders of at least two thirds in number of the outstanding Preferred Shares, acting as a separate class.

2. **Designation and Amount** 

The shares of this series shall be designated as Series A Preferred Shares (the "**Preferred Shares**"), and the number of shares initially constituting the Preferred Shares shall be 100,000,000.

Preferred Shares shall have a par value of US$0.0001 and a stated value and initial liquidation preference per Preferred Share calculated as follows and subject to adjustment as set out herein (the "**Liquidation Preference**"):

per share Preferred Share liquidation preference =

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| |
|:---|
| US$250,000,000 |
| the number of issued Preferred Shares from time to time |

---

The Liquidation Preference may be increased on the Dividend Payment Date if the Company fails to pay in full the dividend payable for the Dividend Period ending on such date by an amount per share equal to the aggregate amount of unpaid dividends divided by the number of Preferred Shares outstanding on such date.

The Preferred Shares shall rank prior to the Ordinary Shares of the Company as provided in this Certificate and shall rank, as to both dividends and distributions upon dissolution, liquidation or winding up of the Company, prior to (a) any other capital of the Company outstanding on the date of the initial issuance of the Preferred Shares and (b) any capital of the Company that may be issued after the date of initial issuance of the Preferred Shares.

The Preferred Shares shall be subject to the terms of the Rights Agreement.

3. **Economic Terms** 

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) **Dividends** 

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i) For
 each Dividend Period from the date of the initial issuance of the Preferred Shares, holders
 of outstanding Preferred Shares shall be entitled to receive, rateably, when, as and if declared
 by the Board of Directors, in its sole discretion, out of funds legally available therefor,
 cumulative cash dividends at the annual rate per share equal to the then-current Dividend
 Rate on the then-current Liquidation Preference (which, for the avoidance of doubt, shall
 include accrued but unpaid Dividends). Dividends on the Preferred Shares shall accrue from
 but not including the date of the initial issuance of the Preferred Shares and will be payable
 in arrears quarterly on 31 March, 30 June, 30 September and 31 December of each year (each,
 a "**Dividend Payment Date** "). If a Dividend Payment Date is not a "**Business Day**," the related dividend will be paid not later than the next Business Day with
 the same force and effect as though paid on the Dividend Payment Date, without any increase
 to account for the period from such Dividend Payment Date through the date of actual payment.
 "**Business Day**" means any day other than a Saturday, a Sunday or a day
 on which banking institutions in the State of New York and Ireland are authorised or obligated
 by law or executive order to close.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ii) The
 initial dividend will be for the period from but not including the date of the initial issuance
 of the relevant Preferred Shares until the Dividend Payment Date immediately following such
 date of initial issuance. Except for the initial Dividend Payment Date, the "**Dividend Period**" relating to a Dividend Payment Date will be the period from but not including
 the preceding Dividend Payment Date through and including the related Dividend Payment Date.
 The amount of dividends payable on the initial Dividend Payment Date or for any Dividend
 Period that is not a full calendar quarter shall be computed on the basis of 30-day months,
 a 360-day year and the actual number of days elapsed in any period of less than one month.
 For the avoidance of doubt, in the event that the Liquidation Preference changes in the middle
 of a Dividend Period, the amount of dividends payable on the Dividend Payment Date at the
 end of such Dividend Period shall take into account such change in Liquidation Preference
 and shall be computed at the Dividend Rate on each Liquidation Preference based on the portion
 of the Dividend Period that each Liquidation Preference was in effect.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iii) To
 the extent not paid pursuant to Sections 3(i) – (ii) above, dividends on the Preferred
 Shares shall accrue and shall be added to the Liquidation Preference pursuant to Sections
 2 and 3(c), whether or not there are funds legally available for the payment of such dividends
 and whether or not dividends are declared.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iv) Each
 such dividend shall be paid to the holders of record of outstanding Preferred Shares as they
 appear in the books and records of the Company on such record date as shall be fixed in advance
 by the Board of Directors, not to be earlier than 45 days nor later than 10 days preceding
 the applicable Dividend Payment Date. The Company may not, at any time, declare or pay dividends
 on, make distributions with respect to, or redeem, purchase or acquire, or make a liquidation
 payment with respect to, any share capital of the Company or other securities ranking junior
 to the Preferred Shares unless (i) full cumulative dividends on the outstanding Preferred
 Shares in respect of the then-current Dividend Period and all past Dividend Periods) have
 been declared and paid in cash, or (ii) the Preferred Majority has provided its prior consent
 pursuant to Section 9.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(v) Notwithstanding
 any other provision of this Certificate, the Board of Directors, in its discretion, may choose
 to pay dividends on the Preferred Shares without the payment of any dividends on the Ordinary
 Shares, Preferred Shares or any other class or series of shares from time to time outstanding
 ranking junior to the Preferred Shares with respect to the payment of dividends.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(vi) If
 and whenever dividends, having been declared, shall not have been paid in full, as aforesaid,
 on the Preferred Shares, all such dividends that have been declared on the Preferred Shares
 shall be paid to the holders pro rata based on the aggregate Liquidation Preference of the
 Preferred Shares held by each holder, and any amounts due but not paid in cash shall be added
 to the Liquidation Preference pursuant to Section 3(c).

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(vii) To
 the extent any declared dividends are not lawfully payable in cash (including, without limitation,
 due to insufficient distributable profits or other applicable legal limitations), such dividends
 shall continue to accrue.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) **Ranking and Priority of Distributions** 

The Preferred Shares shall rank prior to the Ordinary Shares of the Company as provided in this Certificate and shall rank, as to both dividends and distributions upon dissolution, liquidation or winding up of the Company, prior to (i) the Ordinary Shares; (ii) any shares in the Company in issue on the date of the initial allotment of Preferred Shares; and (iii) any shares in the Company that may be allotted after the date of initial allotment of the Preferred Shares, provided however that the Company may issue share capital ranking *pari passu* or in priority to the Preferred Shares with the consent of the Preferred Majority required pursuant to Section 9.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) **Liquidation Rights and Preference** 

Upon any Change of Control, the voluntary or involuntary dissolution, liquidation or winding up of the Company, the holders of the outstanding Preferred Shares shall be entitled to receive, before any payment or distribution shall be made on the Ordinary Shares or any other class or series of shares of the Company ranking junior to the Preferred Shares upon liquidation, the amount per share equal to (i) the Liquidation Preference plus (ii) an amount, determined in accordance with Section 3 above, equal to the dividend otherwise payable for the then-current Dividend Period accrued through and including the date of payment less (iii) any amount previously paid by way of Liquidation Preference or Dividend **PROVIDED, HOWEVER**, that if the assets of the Company shall be insufficient for the payment of the amount which the holders of the outstanding Preferred Shares shall be entitled to receive, then, all of the assets of the Company available for distribution to shareholders shall be distributed to the holders of outstanding Preferred Shares pro rata based on the aggregate Liquidation Preference of Preferred Share held by each holder.

4. **Voting Rights** 

The holders of Preferred Shares shall have no rights to receive notice of, attend or vote at general meetings of the Company. As long as any Preferred Shares are outstanding, the rights attaching to the Preferred Shares may only be varied or abrogated if (a) the holders of 75% in nominal value of the issued shares of that class consent in writing to the variation, or (b) a special resolution, passed at a separate general meeting of the holders of that class, sanctions the variation, in accordance with the Constitution.

5. **Surrender and Cancellation** 

At any time following the payment by the Company to the holders of the Preferred Shares all amounts of the Liquidation Preference and the Dividend, the Board may resolve that each holder of Preferred Shares shall surrender such shares for nil consideration pursuant to section 102(1)(a) of the Companies Act 2014 and thereafter the Company shall cancel such shares.

Upon the passing of such resolution, the holders of the Preferred Shares shall be deemed to have surrendered each Preferred Share for nil consideration pursuant to section 102(1)(a) of the Companies Act 2014.

Any director of the Company (the "**Agent**") is appointed the attorney of the holder of a Preferred Share, with an irrevocable instruction to the Agent to execute all or any forms of transfer and/or renunciation and/or surrender and/or other documents in the Agent's discretion in relation to the Preferred Shares in favour of the Company or as it may direct and to deliver such forms of transfer and/or renunciation and/or surrender and/or other documents together with any certificate(s) and/or other documents for registration and to do all such other acts and things as may in the reasonable opinion of the Agent be necessary or expedient for the purpose of the surrender and cancellation pursuant to this paragraph 5 of the Preferred Shares for nil consideration.

6. **TRANSFER OF PREFERRED SHARES** 

No Preferred Shares nor any interest therein may be transferred.

7. **NO CONVERSION OR EXCHANGE RIGHTS** 

The holders of the Preferred Shares shall not have any right to convert such shares into or exchange such shares for any other class or series of shares or obligations of the Company.

8. **nO PRE-emptive rights** 

No holder of the Preferred Shares shall as such holder have any pre-emptive right to purchase or subscribe for any other shares, rights, options or other securities of any class of the Company which at any time may be sold or offered for sale by the Company.

9. **additional classes or series of shares** 

The Board of Directors shall have the right at any time in the future to authorize, create and issue, by resolution or resolutions, one or more additional classes or series of shares of the Company, and to determine and fix the distinguishing characteristics and the relative rights, preferences, privileges and other terms of the shares thereof; provided that, any such class or series of shares may not rank prior to or on parity with the Preferred Shares without the prior written consent of the Preferred Majority.

10. **GOVERNING LAW** 

This Certificate and the respective rights and obligations of the Company and the holders of the Preferred Shares with respect to such Preferred Shares shall be construed in accordance with and governed by the laws of Ireland.

11. **MISCELLANEOUS** 

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) The
 Company and any agent of the Company may deem and treat the holder Preferred Shares, as shown
 in the Company's books and records, as the absolute owner of such Preferred Shares
 for the purpose of receiving payment of Dividends in respect of such Preferred Shares and
 for all other purposes whatsoever, and neither the Company nor any agent of the Company shall
 be affected by any notice to the contrary. All payments made to or upon the order of any
 such person shall be valid and, to the extent of the sum or sums so paid, effectual to satisfy
 and discharge liabilities for moneys payable by the Company on or with respect to any such
 Preferred Shares.

**RECEIPT AND ACCEPTANCE OF A PREFERRED SHARES BY OR ON BEHALF OF A HOLDER SHALL CONSTITUTE THE UNCONDITIONAL ACCEPTANCE BY THE HOLDER (AND ALL OTHERS HAVING BENEFICIAL OWNERSHIP OF SUCH SHARE OR SHARES) OF ALL OF THE TERMS AND PROVISIONS OF THIS CERTIFICATE. NO SIGNATURE OR OTHER FURTHER MANIFESTATION OF ASSENT TO THE TERMS AND PROVISIONS OF THIS CERTIFICATE SHALL BE NECESSARY FOR ITS OPERATION OR EFFECT AS BETWEEN THE COMPANY AND THE HOLDER (AND ALL SUCH OTHERS).**