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Exhibit 4.1    
    

 
 

CERTIFICATE OF DESIGNATIONS
  OF
  REAL-ESTATEFORLEASE.COM, INC.
  
    SERIES A CONVERTIBLE PREFERRED STOCK    
    

        THE UNDERSIGNED, the President of Real-Estateforlease.com, Inc., a Delaware corporation (hereinafter called the
"Corporation"), DOES HEREBY CERTIFY that the following resolution has been duly adopted by the Board of Directors of the Corporation on
December 9, 2004: 

        RESOLVED, that pursuant to the authority expressly granted to and vested in the Board of Directors of the Corporation (the
"Board of Directors") by the provisions of Article 4 of the Certificate of Incorporation of the Corporation, the Board of Directors hereby
creates and designates the initial series of preferred stock, par value $.001 per share, of the Corporation and authorizes the issuance thereof, and hereby fixes the designation and amount thereof and
the powers, preferences, and relative rights thereof as follows: 

1.     Designation; Number of Shares.  

        The designation of said series of the Preferred Stock shall be "Series A Convertible Preferred Stock" (the "Series A
Preferred Stock"). The number of shares of Series A Preferred Stock shall be limited to 4,500,000. 

2.     Dividend Rights.  

        The holders of Series A Preferred Stock shall be entitled to receive cumulative annual dividends, payable in shares of Series A Preferred Stock or
cash, at the option of the Board of Directors, at an annual rate of 6% ($0.21 per share), payable on December 31 of each year commencing December 31, 2004. Dividends shall begin to
accrue on the date of each closing in the Offering. The dividends payable on December 31, 2004 will be prorated from the date of each closing in the Offering and payable on December 31,
2005, together with any dividends declared for 2005. Unpaid dividends will accumulate and be payable prior to the payment of any dividends on shares of the Corporation's common stock, par value $0.001
per share ("Common Stock"). Cash dividends will only be payable from funds legally available therefor, when and as declared by the Board of Directors,
and unpaid dividends will accumulate until the Corporation has substantial capital to legally pay the dividends. The Board of Directors may, at its option, declare dividends in shares of
Series A Preferred Stock. The Series A Preferred Stock shall have a stated value of $3.50 per share, which shall be the basis for determining the number of shares issuable as a dividend
in lieu of a cash payment. Notwithstanding anything contained herein to the contrary, the Board of Directors shall timely declare dividends on its Series A Preferred Stock each year unless the
payment of such dividends in stock and/or cash would be in violation of the Delaware General Corporation Law, as amended, or other applicable law or court order. 

3.     Liquidation Rights.  

        (a)   In
the event of any liquidation, dissolution, or winding up of the Corporation, either voluntary or involuntary, the holders of Series A Preferred Stock shall be
entitled to receive, prior and in preference to any distribution of any of the assets of the Corporation to the holders of Common Stock or by reason of their ownership thereof, an amount per share
equal to $3.50 for each outstanding share of Series A Preferred Stock issued on the Original Issue Date (the "Original Series A Issue
Price") as adjusted for changes in the Series A Preferred Stock by stock split, stock dividend, or the like occurring after the Original Issue Date, plus all accrued but
unpaid dividends thereon. If upon the occurrence of such event, the assets and funds thus distributed among the holders of the Series A Preferred Stock shall be insufficient to permit the
payment to such holders of the full aforesaid preferential amounts, then the entire assets and funds of the Corporation legally available for distribution shall be distributed 

 

ratably
among the holders of the Series A Preferred Stock in proportion to the preferential amount each such holder is otherwise entitled to receive. 

        (b)   Upon
the completion of the distribution required by subparagraph (a) of this Section 3 and any other distribution that may be required with respect to any
other series of preferred stock that may from time to time come into existence, the remaining assets of the Corporation available for distribution to shareholders shall be distributed among the
holders of Common Stock and the Series A Preferred Stock on an as-converted to Common Stock basis. 

        (c)   (i)    For
purposes of this Subsection 3(c)(i), a liquidation, dissolution or winding up of the Corporation shall be deemed to be occasioned by, or to include,
any of the following (a "Sale, Merger, or Reorganization"): 

        (A)  The
merger or consolidation of the Corporation into or with another corporation or entity, reorganization or sale of the Corporation, or sale of capital stock by the
Corporation, in which the shareholders of the Corporation immediately preceding such merger, consolidation, or reorganization (solely by virtue of their shares or other securities of the Corporation)
shall own less than fifty percent (50%) of the voting securities of the surviving corporation (but not including a Qualified Public Offering); 

        (B)  The
sale, transfer or lease (but not including a transfer or lease by pledge or mortgage to a bona fide lender), whether
in a single transaction or pursuant to a series of related transactions or plan, of fifty percent (50%) or more of the assets of the Corporation, based on the fair market value of the Corporation's
assets as mutually determined by the Corporation and the holders of at least a majority of the voting power of all then outstanding shares of Series A Preferred Stock, which assets shall
include for these purposes fifty percent (50%) or more of the outstanding voting capital stock of any subsidiaries of the Corporation, the assets of which constitute all or substantially all of the
assets of the Corporation and its subsidiaries taken as a whole; or 

        (C)  The
sale, transfer, or lease (but not including a transfer or lease by pledge or mortgage to a bona fide lender), whether
in a single transaction or pursuant to a series of related transactions, of all or substantially all of the assets of the subsidiaries of the Corporation, the assets of which constitute all or
substantially all of the assets of the Corporation and such subsidiaries taken as a whole. 

        (ii)   In
any of such events, if the consideration received by the Corporation is other than cash, its value will be deemed its fair market value, as mutually determined by
the Corporation and the holders of at least a majority of the voting power of all then outstanding shares of Series A Preferred Stock. 

4.     Voting Rights.  

        (a)    General Voting Rights.    Except as set forth specifically below, the holder of each share of Series A
Preferred Stock shall have the right to one vote for each share of Common Stock into which such Series A Preferred Stock could then be converted under the circumstances described in
Section 5 hereof on the record date for the vote or consent of shareholders, and with respect to such vote, such holder shall have full voting rights and powers equal to the voting rights and
powers of the holders of Common Stock. The holder of each share of Series A Preferred Stock shall be entitled, notwithstanding any provision hereof, to notice of any stockholders' meeting, as
well as prior notice of all shareholder actions to be taken by legally available means in lieu of a meeting, in accordance with the bylaws of the Corporation, and shall be entitled to vote, together
with holders of Common Stock and other voting capital stock of the Corporation, with respect to any question upon which holders of Common Stock have the right to vote, except those matters required by
law, or by the terms hereof, to be submitted to a class vote of the holders of Series A Preferred Stock. Fractional shares shall be permitted, and any fractions shall be counted in computing
voting rights. 

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        (b)    Shareholder Approvals.    So long as any shares of the Series A Preferred Stock are outstanding, except
where the vote or written consent of the holders of a greater number of shares of the Corporation is required by law or the Corporation's Certificate of Incorporation, as amended, and in addition to
any other votes required thereby, without the prior consent of more than 50% of the holders of the outstanding shares of Series A Preferred Stock, voting as a separate class, in person or by
proxy, either in writing or at a special meeting called for that purpose, the Corporation will not: 

        (i)    Authorize
or issue equity securities (or any equity or debt securities convertible into equity securities) ranking senior to the Series A Preferred Stock in
respect of dividends, distributions or rights upon liquidation; or 

        (ii)   Authorize
or effect any capital reorganization or reclassification of any securities (or securities convertible into other securities) into equity securities of the
Corporation ranking senior to the Series A Preferred Stock in respect of dividends, distributions or rights upon liquidation. 

5.     Conversion Rights.  

        The holders of the Series A Preferred Stock shall have conversion rights as follows (the "Conversion
Rights"): 

        (a)    Optional.    Each share of Series A Preferred Stock shall be convertible, at the option of the holder
thereof, at any time after the date of issuance of such share at the office of the Corporation or any
transfer agent for the Series A Preferred Stock, into Common Stock. The number of shares of Common Stock to which a holder of Series A Preferred Stock shall be entitled upon conversion
shall be the product obtained by multiplying the Conversion Rate of the Series A Preferred Stock (determined as provided in Subsection 5(c) below) by the number of shares of Series A
Preferred Stock being converted. Such conversion shall be deemed to have been made immediately prior to the close of business on the date of the surrender of the shares of Series A Preferred
Stock to be converted in accordance with the procedures described in Subsection 5(d) below. 

        (b)    (i)    Automatic.    Notwithstanding anything
contained herein to the contrary, on December 31, 2007, each outstanding share of Series A Preferred Stock, if any, and all accrued but unpaid dividends thereon shall, without any action
on the part of the holder hereof or the Corporation, be converted automatically into shares of the Common Stock at the applicable Conversion Rate provided for in Subsection 5(c) below as of
December 31, 2007. Such conversion shall be automatic, without need for any further action by the holders of shares of Series A Preferred Stock and regardless of whether the certificates
representing such shares are surrendered to the Corporation or its transfer agent; provided, however, that the Corporation shall not be obligated to issue certificates evidencing the shares of Common
Stock issuable upon such conversion unless certificates evidencing such shares of Series A Preferred Stock so converted are surrendered to the Corporation in accordance with the procedures
described in Subsection 5(d) below. Upon the conversion of the Series A Preferred Stock pursuant to this Subsection 5(b)(i), the Corporation shall promptly send written notice thereof, by
registered or certified mail return receipt requested and postage prepaid, by hand delivery or by overnight delivery, to each holder of record of Series A Preferred Stock at his or its address
then shown on the records of the Corporation, which notice shall state that certificates evidencing shares of Series A Preferred Stock must be surrendered at the office of the Corporation (or
of its transfer agent for the Common Stock, if applicable) in the manner described in Subsection 5(d) below. 

        (ii)   No
fractional shares of Common Stock shall be issued upon conversion of Series A Preferred Stock, and any shares of Series A Preferred Stock surrendered
for conversion that would otherwise result in a fractional share of Common Stock shall be redeemed at the then effective Conversion Price per share, payable as promptly as possible when funds are
legally available therefor. 

        (c)    Conversion Rate.    Subject to the provisions of this Section 5, the conversion rate in effect at any
time with respect to the Series A Preferred Stock (the "Conversion Rate") shall be the quotient 

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obtained
by dividing $3.50 by the Conversion Price. Except as otherwise provided in this Section 5, the "Conversion Price" shall initially be
$1.75. 

        (d)    Mechanics of Conversion.    Before any holder of Series A Preferred Stock shall be entitled to receive
certificates representing the shares of Common Stock into which shares of Series A Preferred Stock are converted in accordance with Subsections 5(a) or 5(b) above, such holder shall surrender
the certificate or certificates for such shares of Series A Preferred Stock duly endorsed at (or in the case of any lost, mislaid, stolen or destroyed certificate(s) for such shares, deliver an
affidavit as to the loss of such
certificate(s), in such form as the Corporation may reasonably require, to) the office of the Corporation or of any transfer agent for the Series A Preferred Stock, and shall give written
notice to the Corporation at such office of the name or names in which such holder wishes the certificate or certificates for shares of Common Stock to be issued, if different from the name shown on
the books and records of the Corporation. Said conversion notice shall also contain such representations as may reasonably be required by the Corporation to the effect that the shares to be received
upon conversion are not being acquired and will not be transferred in any way that might violate the then applicable securities laws. The Corporation shall, as soon as practicable thereafter and in no
event later than thirty (30) days after the delivery of said certificates, issue and deliver at such office to such holder of Series A Preferred Stock, or to the nominee or nominees of
such holder as provided in such notice, a certificate or certificates for the number of shares of Common Stock to which such holder shall be entitled as aforesaid. The person or persons entitled to
receive the shares of Common Stock issuable upon a conversion pursuant to Subsections 5(a) or 5(b) shall be treated for all purposes as the record holder or holders of such shares of Common Stock as
of the effective date of conversion specified in such section. All certificates issued upon the exercise or occurrence of the conversion shall contain a legend governing restrictions upon such shares
imposed by law or agreement of the holder or his or its predecessors. 

        (e)    Conversion Price Adjustments of Preferred Stock for Certain Dilutive Issuances, Splits and Combinations.    The
Conversion Price of the Series A Preferred Stock shall be subject to adjustment from time to time as follows: 

        (i)    (A)    If
this corporation shall issue, after the Original Issue Date, any Additional Stock (as defined below) without consideration or for a consideration per
share less than the Conversion Price for such series in effect immediately prior to the issuance of such Additional Stock, the Conversion Price for such series in effect immediately prior to each such
issuance shall forthwith (except as otherwise provided in this clause (i)) be adjusted to a price determined by multiplying such Conversion Price by a fraction, the numerator of which shall be
the number of shares of Common Stock outstanding immediately prior to such issuance (including shares of Common Stock deemed to be issued pursuant to subsection 5(e)(i)(E)(1) or (2)) (but not
including shares excluded from the definition of Additional Stock by Section 5(e)(ii)(B)) plus the number of shares of Common Stock that the aggregate consideration received by this corporation
for such issuance would purchase at such Conversion Price; and the denominator of which shall be the number of shares of Common Stock outstanding immediately prior to such issuance (including shares
of Common Stock deemed to be issued pursuant to subsection 5(e)(i)(E)(1) or (2)) (but not including shares excluded from the definition of Additional Stock by subsection 5(e)(ii)(B)) plus the number
of shares of such Additional Stock. However, the foregoing calculation shall not take into account shares deemed issued pursuant to Section 5(e)(i)(E) on account of options, rights or
convertible or exchangeable securities (or the actual or deemed consideration therefor), except to the extent (i) such options, rights or convertible or exchangeable securities have been
exercised, converted or exchanged or (ii) the consideration to be paid upon such exercise, conversion or exchange per share of underlying Common Stock is less than or equal to the per share
consideration for the Additional Stock that has given rise to the Conversion Price adjustment being calculated. 

        (B)  No
adjustment of the Conversion Price for the Series A Preferred Stock shall be made in an amount less than one cent per share, provided that any adjustments that
are not required to be 

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made
by reason of this sentence shall be carried forward and shall be either taken into account in any subsequent adjustment made prior to three (3) years from the date of the event giving rise
to the adjustment being carried forward, or shall be made at the end of three (3) years from the date of the event giving rise to the adjustment being carried forward. Except to the limited
extent provided for in subsections (E)(3) and (E)(4), no adjustment of such Conversion Price pursuant to this subsection 5(e)(i) shall have the effect of increasing the Conversion Price above
the Conversion Price in effect immediately prior to such adjustment. 

        (C)  In
the case of the issuance of Common Stock for cash, the consideration shall be deemed to be the amount of cash paid therefor before deducting any reasonable discounts,
commissions or other expenses allowed, paid or incurred by this corporation for any underwriting or otherwise in connection with the issuance and sale thereof. 

        (D)  In
the case of the issuance of the Common Stock for a consideration in whole or in part other than cash, the consideration other than cash shall be deemed to be the fair
value thereof as determined by the Board of Directors irrespective of any accounting treatment. 

        (E)  In
the case of the issuance (whether before, on or after the applicable Original Issue Date) of options to purchase or rights to subscribe for Common Stock, securities
by their terms convertible into or exchangeable for Common Stock or options to purchase or rights to subscribe for such convertible or exchangeable securities, the following provisions shall apply for
all purposes of this subsection 5(e)(i) and subsection 5(e)(ii): 

        (i)    The
aggregate maximum number of shares of Common Stock deliverable upon exercise (assuming the satisfaction of any conditions to exercisability, including without
limitation, the passage of time, but without taking into account potential antidilution adjustments) of such options to purchase or rights to subscribe for Common Stock shall be deemed to have been
issued at the time such options or rights were issued and for a consideration equal to the consideration (determined in the manner provided in subsections 5(e)(i)(C) and (e)(i)(D)), if any, received
by the Corporation upon the issuance of such options or rights plus the minimum exercise price provided in such options or rights (without taking into account potential antidilution adjustments) for
the Common Stock covered thereby. 

        (ii)   The
aggregate maximum number of shares of Common Stock deliverable upon conversion of, or in exchange (assuming the satisfaction of any conditions to convertibility or
exchangeability, including, without limitation, the passage of time, but without taking into account potential antidilution adjustments) for, any such convertible or exchangeable securities or upon
the exercise of options to purchase or rights to subscribe for such convertible or exchangeable securities and subsequent
conversion or exchange thereof shall be deemed to have been issued at the time such securities were issued or such options or rights were issued and for a consideration equal to the consideration, if
any, received by this corporation for any such securities and related options or rights (excluding any cash received on account of accrued interest or accrued dividends), plus the minimum additional
consideration, if any, to be received by this corporation (without taking into account potential antidilution adjustments) upon the conversion or exchange of such securities or the exercise of any
related options or rights (the consideration in each case to be determined in the manner provided in subsections 5(e)(i)(C) and (e)(i)(D)). 

        (iii)  In
the event of any change in the number of shares of Common Stock deliverable or in the consideration payable to the Corporation upon exercise of such options or
rights or upon conversion of or in exchange for such convertible or exchangeable securities, including, but not limited to, a change resulting from the antidilution provisions thereof (unless such
options or rights or convertible or exchangeable securities were merely deemed to be included in the numerator and denominator for purposes of determining the number of shares of 

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Common
Stock outstanding for purposes of subsection 5(e)(i)(A)), the Conversion Price of the Series A Preferred Stock, to the extent in any way affected by or computed using such options,
rights or securities, shall be recomputed to reflect such change, but no further adjustment shall be made for the actual issuance of Common Stock or any payment of such consideration upon the exercise
of any such options or rights or the conversion or exchange of such securities. 

        (iv)  Upon
the expiration of any such options or rights, the termination of any such rights to convert or exchange or the expiration of any options or rights related to such
convertible or exchangeable securities, the Conversion Price of the Series A Preferred Stock, to the extent in any way affected by or computed using such options, rights or securities or
options or rights related to such securities (unless such options or rights were merely deemed to be included in the numerator and denominator for purposes of determining the number of shares of
Common Stock outstanding for purposes of subsection 5(e)(i)(A)), shall be recomputed to reflect the issuance of only the number of shares of Common Stock (and convertible or exchangeable securities
that remain in effect) actually issued upon the exercise of such options or rights, upon the conversion or exchange of such securities or upon the exercise of the options or rights related to such
securities. 

        (v)   The
number of shares of Common Stock deemed issued and the consideration deemed paid therefor pursuant to subsections 5(e)(i)(E)(1) and (2) shall be appropriately
adjusted to reflect any change, termination or expiration of the type described in either subsection 5(e)(i)(E)(3) or (4). 

        (ii)   "Additional Stock" shall mean any shares of Common Stock issued (or deemed to have been issued pursuant to subsection
5(e)(i)(E)) by this corporation after the Purchase Date other than: 

        (A)  Common
Stock issued pursuant to a transaction described in subsection 5(e)(iii) hereof; or 

        (B)  Shares
of Common Stock issuable or issued to employees, consultants, directors or vendors (if in transactions with primarily non-financing purposes) of this
corporation directly or pursuant to a stock option plan or restricted stock plan approved by the Board of Directors of this corporation. 

        (iii)  In
the event this corporation should at any time or from time to time after the Original Issue Date fix a record date for the effectuation of a split or subdivision of
the outstanding shares of Common Stock or the determination of holders of Common Stock entitled to receive a dividend or other distribution payable in additional shares of Common Stock or other
securities or rights convertible into, or entitling the holder thereof to receive directly or indirectly, additional shares of Common Stock (hereinafter referred to as "Common
Stock Equivalents") without payment of any consideration by such holder for the additional shares of Common Stock or the Common Stock Equivalents (including the additional
shares of Common Stock issuable upon conversion or exercise thereof), then, as of such record date (or the date of such dividend distribution, split or subdivision if no record date is fixed), the
Conversion Price of the Series A Preferred Stock shall be appropriately decreased so that the number of shares of Common Stock issuable on conversion of each share of such series shall be
increased in proportion to such increase of the aggregate of shares of Common Stock outstanding and those issuable with respect to such Common Stock Equivalents with the number of shares issuable with
respect to Common Stock Equivalents determined from time to time in the manner provided for deemed issuances in subsection 4(d)(i)(E). 

        (iv)  If
the number of shares of Common Stock outstanding at any time after the Original Issue Date is decreased by a combination of the outstanding shares of Common Stock,
then, following the record date of such combination, the Conversion Price for the Series A Preferred 

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Stock
shall be appropriately increased so that the number of shares of Common Stock issuable on conversion of each share of such series shall be decreased in proportion to such decrease in outstanding
shares. 

        (f)    Other Distributions.    In the event this corporation shall declare a distribution payable in securities of
other persons, evidences of indebtedness issued by the Corporation or other persons, assets (excluding cash dividends) or options or rights not referred to in subsection 5(e)(iii), then, in each such
case for the purpose of this subsection 5(f), the holders of the Series A Preferred Stock shall be entitled to a proportionate share of any such distribution as though they were the holders of
the number of shares of Common Stock of this corporation into which their shares of Series A Preferred Stock are convertible as of the record date fixed for the determination of the holders of
Common Stock of this corporation entitled to receive such distribution. 

        (g)    Recapitalizations.    If at any time or from time to time there shall be a recapitalization of the Common Stock
(other than a subdivision, combination or merger or sale of assets transaction provided for elsewhere in this Section 5 or Section 3) provision shall be made so that the holders of the
Series A Preferred Stock shall thereafter be entitled to receive upon conversion of the Series A Preferred Stock the number of shares of stock or other securities or property of the
Corporation or otherwise, to which a holder of Common Stock deliverable upon conversion would have been entitled on such recapitalization. In any such case, appropriate adjustment shall be made in the
application of the provisions of this Section 5 with respect to the rights of the holders of the Series A Preferred Stock after the recapitalization to the end that the provisions of
this Section 5 (including adjustment of the Conversion Price then in effect and the number of shares purchasable upon conversion of the Series A Preferred Stock) shall be applicable
after that event as nearly equivalent as may be practicable. 

        (h)    De Minimis Adjustments.    No adjustment to the Conversion Price (and, thereby, the Conversion Rate) shall be
made if such adjustment would result in a change in the Conversion Price of less than $.10. Any adjustment of less than $.10 that is not made shall be carried forward and shall be made at the time of
and together with any subsequent adjustment that, on a cumulative basis, amounts to an adjustment of $.10 or more in the Conversion Price. 

        (i)    No Impairment.    The Corporation shall not, by amendment of its Certificate of Incorporation or Bylaws or
through any reorganization, transfer of assets, consolidation, merger, dissolution, issue or sale of securities, or any other voluntary action, avoid or seek to avoid the observance or performance of
any of the terms to be observed or performed hereunder by the Corporation, but shall at all times in good faith assist in the carrying out of all the provisions of this Section 5 and in the
taking of all such action as may be necessary or appropriate in order to protect the Conversion Rights of the holders of the Series A Preferred Stock against impairment. 

        (j)    Certificate Regarding Adjustments.    Upon the occurrence of each adjustment or readjustment of the Conversion
Price pursuant to this Section 5, the Corporation at its expense shall promptly compute such adjustment or readjustment in accordance with the terms hereof and cause the Corporation's
independent public accountants to verify such computation and prepare and furnish to each holder of Series A Preferred Stock a certificate setting forth such adjustment or readjustment and
showing in detail the facts upon which such adjustment or readjustment is based. The Corporation shall, upon the written request at any time of any holder of Series A Preferred Stock, furnish
or cause to be furnished to such holder a like certificate setting forth (i) such adjustments and readjustments, (ii) the Conversion Price and the Conversion Rate at that time in effect,
and (iii) the number of shares of Common Stock and the amount, if any, of other property that at that time would be received upon the conversion of Series A Preferred Stock. 

        (k)    Notices of Record Date.    In the event of any taking by the Corporation of a record of the holders of any
class of securities other than Series A Preferred Stock for the purpose of determining the holders thereof who are entitled to receive any dividend or other distribution, any Common Stock
Equivalents or any right to subscribe for, purchase, or otherwise acquire any shares of stock of any 

7

 

class
or any other securities or property, or to receive any other right, the Corporation shall mail to each holder of Series A Preferred Stock, at least twenty (20) days before to the
date specified therein, a notice specifying the date on which any such record is to be taken for the purpose of such dividend, distribution, or rights, and the amount and character of such dividend,
distribution, or rights. 

        (l)    Reservation of Stock Issuable Upon Conversion.    The Corporation shall at all times reserve and keep available
out of its authorized but unissued shares of Common Stock solely for the purpose of effecting the conversion of the shares of the Series A Preferred Stock such number of its shares of Common
Stock as shall from time to time be sufficient to effect the conversion of all outstanding shares of the Series A Preferred Stock; and if at any time the number of authorized but unissued
shares of Common Stock shall be insufficient to effect the conversion of all then outstanding shares of the Series A Preferred Stock, the Corporation shall take such corporate action as may, in
the opinion of its counsel be necessary to increase its authorized but unissued shares of Common Stock to such number of shares as shall be sufficient for such purpose. 

6.     Notices.  

        Any notice required by the provisions hereof to be given to the holders of shares of Series A Preferred Stock shall be deemed given on the third business
day following (and not including) the date on which such notice is deposited in the United States Mail first-class, postage prepaid, and addressed to each holder of record at his address appearing on
the books of the Corporation. Notice by any other means shall not be deemed effective until actually received. 

7.     Definitions.  

        For the purposes of this Section 7, the following terms shall have the meanings specified below. Other capitalized terms, used in this Section 7 and
not defined below shall have the meanings otherwise assigned to such terms in this Certificate of Designations: 

        "Board of Directors" shall mean the board of directors of the Corporation; 

        "Common Stock" shall mean the Corporation's common stock, par value $0.001 per share. 

        "Conversion Price" shall have the meaning provided in Subsection 5(c) hereof; 

        "Conversion Rate" shall have the meaning provided in Subsection 5(c) hereof; 

        "Designations" shall mean the preferences, powers, limitations and relative rights of the Series A Preferred Stock established
hereby and set forth hereinafter; 

        "Offering" shall mean the offer by the Corporation of up to 3,495,000 shares of Series A Preferred Stock to accredited investors
pursuant to a private placement memorandum dated November 22, 2004; 

        "Original Issue Date" shall mean the closing date of the Offering applicable to each holder of Series A Preferred Stock, whether
the initial closing date, the final closing date, or some closing date in between; 

        "Placement Agent" shall mean Fordham Financial Management, Inc., the Corporation's exclusive placement agent for the Offering; 

        "Qualified Public Offering" shall mean the Corporation's sale and issuance of its equity and/or debt securities in exchange for at least
Three Million Five Hundred Thousand and No/100 Dollars ($3,500,000) in gross proceeds; and 

        "Sale, Merger or Reorganization" shall have the meaning provided in Subsection 3(c)(i) hereof." 

[[Remainder of page intentionally left blank]]

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        IN
WITNESS WHEREOF, the Corporation has caused this Certificate of Designations to be made under the seal of the Corporation and signed and attested by its duly authorized officers this
9th day of December, 2004. 

	 	 	REAL-ESTATEFORLEASE.COM, INC.
	

 	
 	

By:	

/s/  FRANK DELAPE      

	 	 	 	Name: Frank DeLape
	 	 	 	Title: President

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Exhibit 4.1

CERTIFICATE OF DESIGNATIONS OF REAL-ESTATEFORLEASE.COM, INC. SERIES A CONVERTIBLE PREFERRED STOCKQuickLinks
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Exhibit 4.2  

THIS NOTE AND THE SECURITIES ISSUABLE UPON CONVERSION HEREOF (I) ARE SUBJECT TO CERTAIN RESTRICTIONS ON TRANSFERABILITY AS SET FORTH IN THIS NOTE, AND (II) HAVE
NOT BEEN REGISTERED UNDER THE SECURITIES ACT OF 1933, AS AMENDED, OR APPLICABLE STATE SECURITIES LAWS, AND MAY NOT BE TRANSFERRED, SOLD OR OTHERWISE DISPOSED OF IN THE ABSENCE OF AN EFFECTIVE
REGISTRATION STATEMENT WITH RESPECT TO THIS NOTE OR SUCH SECURITIES, FILED AND MADE EFFECTIVE UNDER THE SECURITIES ACT OF 1933, AS AMENDED, AND APPLICABLE STATE SECURITIES LAWS, OR UNLESS MAKER
RECEIVES AN OPINION OF COUNSEL SATISFACTORY TO MAKER TO THE EFFECT THAT REGISTRATION UNDER SUCH ACT AND SUCH APPLICABLE STATE SECURITIES LAWS IS NOT REQUIRED.

 
 

JUNIOR SUBORDINATED UNSECURED PROMISSORY NOTE    
    

	$150,000.00	 	December 10, 2004

        FOR
VALUE RECEIVED, the undersigned, UNI-PIXEL DISPLAYS, INC., a Texas corporation (hereinafter referred to as
"Maker"), hereby unconditionally promises to pay to the order of NANOPORE, INCORPORATED, a Nevada corporation (hereinafter referred to as a
"Holder"), at Holder's address as set forth in Section 13 below, the principal sum of ONE HUNDRED
FIFTY THOUSAND AND NO/100 DOLLARS ($150,000.00), together with all accrued but unpaid interest
thereon, in lawful money of the United States of America, on or prior to the Maturity Date (as such term is defined below), pursuant to the provisions of this Note as set forth as follows: 

        1.    Definitions.    For purposes of this Note, capitalized terms shall have the meanings as set forth as follows (or
as set forth elsewhere in this Note): 

        (a)   "Conversion Shares" means shares of Maker's Common Stock, no par value per share. 

        (b)   "Event of Default" means any of the following: 

          (i)  Maker's
failure to pay any installment within sixty (60) days immediately following the due date thereof as set forth in  Section 2 of this Note; provided however, that no Event of Default shall have
occurred under this  Section 1(b)(i) in the event that Maker pays the entire unpaid principal amount of this Note (plus all interest accrued thereon) on or prior to
the Maturity Date; or 

         (ii)  The
institution by Maker of proceedings to be adjudicated as bankrupt or insolvent, or the consent by it to institution of bankruptcy or insolvency proceedings against
it or the filing by it of a petition or answer or consent seeking reorganization or release under the federal Bankruptcy Act, or any other applicable federal or state law, or the consent by it to the
filing of any such petition or the appointment of a receiver, liquidator, assignee, trustee or other similar official of Maker, or of any substantial part of its property, or the making by it of an
assignment for the benefit of creditors, or the taking of corporate action by Maker in furtherance of any such action; or 

        (iii)  If,
within sixty (60) days after the commencement of an action against Maker (and service of process in connection therewith on Maker) seeking any bankruptcy,
insolvency, reorganization, liquidation, dissolution or similar relief under any present or future statute, law or regulation, such action shall not have been resolved in favor of Maker or all orders
or proceedings thereunder affecting the operations or the business of Maker stayed, or if the stay of any such order or proceeding shall thereafter be set aside, or if, within sixty (60) days
after the appointment without the consent or acquiescence of Maker of any trustee, receiver or liquidator of Maker or of all or any substantial part of the properties of Maker, such appointment shall
not have been vacated; 

        (iv)  Any
declared default of Maker under any Senior Indebtedness (as defined below) that gives the holder thereof the right to accelerate such Senior Indebtedness, and such
Senior Indebtedness is in fact accelerated by the holder; or 

         (v)  Maker's
failure to convert the outstanding principal amount of this Note (plus all interest accrued thereon) at Holder's election pursuant to the terms of  Section 4 of this Note. 

        (c)   "Maturity Date" means December 15, 2006. 

        (d)   "Note" means this Junior Subordinated Secured Convertible Promissory Note. 

        (e)   "Securities Act" means the Securities Act of 1933, as amended. 

        (f)    "Security Agreement" means that certain Security Agreement, effective as of the date of this Note, entered into by and
between Maker and Holder. 

        (g)   "Senior Indebtedness" means the principal of and unpaid accrued interest on (i) all indebtedness of the Maker to
CapSource Fund, L.P. and CapSource 2000 Fund, L.P., which is for money borrowed by Maker, and (ii) any such indebtedness or any debentures, notes or other evidence of indebtedness issued in
exchange for or to refinance such Senior Indebtedness, or an indebtedness arising from the satisfaction of such Senior Indebtedness by a guarantor. 

        2.    Repayment.    Maker shall repay the aggregate principal amount of this Note (plus all interest accrued thereon
at the rate described in Section 3 below) in twenty four (24) equal monthly installments of SIX THOUSAND NINE HUNDRED TWENTY ONE AND
74/100 DOLLARS ($6,921.74) each, due and payable on the fifteenth day of each month, beginning December 15, 2004, and continuing with each month thereafter until Maker shall have repaid the
aggregate principal amount of this Note, plus all interest accrued thereon, to Holder. 

        3.    Interest.    The principal amount of this Note shall bear interest until paid in full at the rate of TEN PERCENT
(10%) per annum. Interest due on this Note shall be calculated for the entire term of the Note on the basis of the actual number of days elapsed during such term in a year consisting of three hundred
sixty (360) days. 

        4.    Conversion.    Holder may elect to convert the unpaid principal amount of any Previous Notes (plus all accrued
but unpaid interest thereon) into Conversion Shares at a conversion price of one dollar ($1.00) per share up to and only until December 10, 2004. Holder shall make such election by delivery of
written notice to Maker, and within ten (10) days of Maker's receipt of such notice, Maker shall issue to Holder certificate(s) representing the Conversion Shares. After such date of
December 10, 2004, no
conversion option will apply to this Note unless separately agreed to in writing by both Holder and Maker. 

        5.    Prepayment.    This Note may be prepaid in part or in full at any time without penalty. 

        6.    Remedies.    Upon the occurrence of an Event of Default, Holder may, at its option, declare the entire unpaid
principal amount of this Note (plus all interest accrued thereon) immediately due and payable without notice, demand or presentment, all of which are hereby waived, and upon such declaration, the same
shall become and shall be immediately due and payable, and Holder shall have the right to foreclose or otherwise enforce all liens or security interests securing payment hereof, or any part hereof,
and offset against this Note any sum or sums owed by Holder hereof to Maker. 

        7.    Security.    The payment of the principal and interest outstanding and due under this Note is unsecured. 

        8.    Subordination.    The indebtedness evidenced by this Note is hereby expressly subordinated, to the extent and in
the manner hereinafter set forth, in right of payment to the prior payment in full of all the Maker's Senior Indebtedness. 

        (a)    Default on Senior Indebtedness.    If there should occur any receivership, insolvency, assignment for the
benefit of creditors, bankruptcy, reorganization or arrangements with creditors (whether or not pursuant to bankruptcy or other insolvency laws), sale of all or substantially all of 

the
assets, dissolution, liquidation or any other marshalling of the assets and liabilities of Maker, or if this Note shall be declared due and payable upon the occurrence of an Event of Default with
respect to any Senior Indebtedness, then (i) no amount shall be paid by Maker in respect of the principal of or interest on this Note at the time outstanding, unless and until the principal of
and interest on the Senior Indebtedness then outstanding shall be paid in full, and (ii) no claim or proof of claim shall be filed with Maker by or on behalf of the Holder of this Note that
shall assert any right to receive any payments in respect of the principal of and interest on this Note, except subject to the payment in full of the principal of and interest on all of the Senior
Indebtedness then outstanding. If there occurs an event of default that has been declared in writing with respect to any Senior Indebtedness, or in the instrument under which any Senior Indebtedness
is outstanding, permitting the holder of such Senior Indebtedness to accelerate the maturity thereof, then, unless and until such event of default shall have been cured or waived or shall have ceased
to exist, or all Senior Indebtedness shall have been paid in full, no payment shall be made in respect of the principal of or interest on this Note, unless within three (3) months after the
happening of such event of default, the maturity of such Senior Indebtedness shall not have been accelerated. Notwithstanding the foregoing, Holder shall be entitled following the occurrence of such
an Event of Default to foreclose on the Collateral identified in the Security Agreement attached hereto as Appendix "I". 

        (b)    Effect of Subordination.    Subject to the rights, if any, of the holders of Senior Indebtedness under this  Section 8
to receive cash, securities or other properties otherwise payable or deliverable to the Holder of this Note, nothing contained in this  Section 8 shall impair, as between Maker and the Holder, the
obligation of Maker, subject to the terms and conditions hereof, to pay to the
Holder the principal hereof and interest hereon as and when the same become due and payable, or shall prevent the Holder of this Note, upon default hereunder, from exercising all rights, powers and
remedies otherwise provided herein or by applicable law. 

        (c)    Subrogation.    Subject to the payment in full of all Senior Indebtedness and until this Note shall be paid in
full, the Holder shall be subrogated to the rights of the holders of Senior Indebtedness (to the extent of payments or distributions previously made to such holders of Senior Indebtedness pursuant to
the provisions of Section 8.1 above) to receive payments or distributions of assets of Maker applicable to the Senior Indebtedness. No such
payments or distributions applicable to the Senior Indebtedness shall, as between Maker and its creditors, other than the holders of Senior Indebtedness and the Holder, be deemed to be a payment by
Maker to or on account of this Note; and for the purposes of such subrogation, no payments or distributions to the holders of Senior Indebtedness to which the Holder would be entitled except for the
provisions of this Section 8 shall, as between Maker and its creditors, other than the holders of Senior Indebtedness and the Holder, be deemed
to be a payment by Maker to or on account of the Senior Indebtedness. 

        (d)    Undertaking.    By its acceptance of this Note, the Holder agrees to execute and deliver such documents as may
be reasonably requested from time to time by Maker or the lender of any Senior Indebtedness in order to implement the foregoing provisions of this  Section 8.

        9.    Market Standoff.    Holder hereby agrees that, if so requested by Maker or any representative of the
underwriters (the "Managing Underwriter") in connection with any registration of an offering of any securities of Maker under the Securities Act, Holder
shall not sell or otherwise transfer any of its Convertible Securities or other securities of Maker during the 180-day period (or such other period as may be requested in writing by the
Managing Underwriter and agreed to in writing by Maker) (the "Market Standoff Period") immediately following the effective date of a registration
statement of Maker filed under the Securities Act. Such restriction shall apply only to the first registration statement of Maker to become effective under the Securities Act that includes securities
to be sold on behalf of Maker to the public in an underwritten public offering under the Securities Act. Maker may impose stop-transfer instructions with respect to securities subject to
the foregoing restrictions until the end of such Market Standoff Period. 

        10.    Maximum Interest Rate.    If the laws of the State of New Mexico or the United States of America are now or
ever revised, repealed, or judicially interpreted, so as to render usurious any amount called for under this Note, or contracted for, charged, taken, reserved, received, or paid, with respect to the
loan or forbearance evidenced by this Note, or if any prepayment by Maker or other party, or computations
of any sort, result in Maker or any other party to this instrument having paid, been charged, or contracted for any interest in excess of that permitted by law, then it is the express intent of Maker,
Holder, and any other party to this instrument that all excess amounts contracted for, collected, charged, received, or taken by Holder or paid by Maker or any other party be credited on the principal
amount of this Note (or if this Note has been paid in full, refunded to Maker or to whomever else may be so entitled), and the provisions of this Note be deemed reformed and the amounts thereafter
collectable hereunder reduced, without the necessity of the execution of any new document, so as to comply with the then applicable law, but so as to permit the recovery of the fullest amount
otherwise called for hereunder. It is expressly stipulated and agreed to be the intent of Maker and Holder and other parties to this instrument to at all times comply with the applicable usury laws of
New Mexico and of the United States now or hereafter governing the interest paid on this Note and the loan or forbearance evidenced hereby. 

        11.    Governing Law; Venue.    This Note shall be governed by and construed in accordance with the laws of the State
of New Mexico and the applicable laws of the United States of America. Any action or proceeding under or in connection with this Note by or against Maker, Holder or any other party ever liable for
payment of any sums of money payable on this Note shall be brought in any court in Bernalillo County, New Mexico. Maker, Holder and each such other party hereto hereby irrevocably (a) submit to
the exclusive jurisdiction of such courts, and (b) waive any objection it may now or hereafter have as to the venue of any such action or proceeding brought in such court or that such court is
an inconvenient forum. 

        12.    Renewal and Modification.    This Note embodies the final, entire agreement of Maker and Holder with respect to
the indebtedness evidenced by this Note and supersedes any and all prior commitments, agreements, representations and understandings, whether written or oral, relating to the indebtedness evidenced by
this Note and may not be contradicted or varied by evidence of prior, contemporaneous or subsequent oral agreements or discussions of Maker and Holder. There are no oral agreements between Maker and
Holder relating to the indebtedness evidenced by this Note. 

        13.    Notices.    All notices, requests, consents, and other communications under this Note shall be in writing and
shall be delivered personally, via facsimile, by overnight delivery service, or by first class mail, postage prepaid: 

        (a)   if
to Maker, at the following address: 

Uni-Pixel
Displays, Inc.

8040 Airport Road, Suite T

Georgetown, TX 78628

Telecopy No.: (512) 868-6649; and 

        (b)   if
to Holder, at the following address: 

NanoPore,
Incorporated

2501 Alamo SE

Albuquerque, NM 87106

Telecopy No.: (505) 247-4046. 

        14.    Non-Transferability and Non-Assignability.    This Note is non-transferable
and non-assignable by Holder without Maker's express written consent, which shall not be withheld unreasonably. 

        IN
WITNESS WHEREOF, Maker has duly executed this Note as of the day and year first written above. 

	 	 	"MAKER"
	 	 	 	 	 
	 	 	UNI-PIXEL DISPLAYS, INC., a Texas corporation
	 	 	 	 	 
	 	 	By:	 	/s/  JIM TASSONE      
 Jim Tassone, Chief Financial Officer
	 	 	 	 	 
	 	 	 	 	 
	 	 	"HOLDER"
	 	 	 	 	 
	 	 	NANOPORE, INC., a Nevada corporation
	 	 	 	 	 
	 	 	By:	 	/s/  DOUG SMITH      
 Dr. Doug Smith, President

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JUNIOR SUBORDINATED UNSECURED PROMISSORY NOTE

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