Document:

Exhibit 4.1

CERTIFICATE OF DESIGNATIONS, PREFERENCES
AND RIGHTS OF THE

SERIES M CONVERTIBLE PREFERRED STOCK

OF

HELMER DIRECTIONAL DRILLING CORP.

 

The Articles of Incorporation
of Helmer Directional Drilling Corp, a Nevada corporation (the “Company”), provide that the Company is
authorized to issue 25,000,000 shares of preferred stock with a par value of $0.001, and that the Board of Directors have the authority
to attach such terms as they deem fit with respect to the preferred stock.

Pursuant to the authority
conferred upon the Board of Directors by the Articles of Incorporation, and pursuant to Section 78.1955 of the Nevada Revised Statutes,
the Board of Directors, by Unanimous Written Consent, dated March 11, 2013, adopted a resolution providing for the designation,
rights, powers and preferences and the qualifications, limitations and restrictions of 1,500 shares of Series M Convertible Preferred
Stock, and that a copy of such resolution is as follows:

RESOLVED, that pursuant to the
authority vested in the Board of Directors of the Company, the provisions of its Articles of Incorporation, and in accordance with
the Nevada Revised Statutes, the Board of Directors hereby authorizes the filing of a Certificate of Designations, Preferences
and Rights of Series M Convertible Preferred Stock of the Company. Accordingly, the Company is authorized to issue Series M Convertible
Preferred Stock with par value of $0.001 per share, which shall have the powers, preferences and rights and the qualifications,
limitations and restrictions thereof, as follows:

 

1.                 
Designation and Rank. The designation of such series of the Preferred Stock shall be the Series M Convertible Preferred
Stock, par value $0.001 per share (the “Series M Preferred Stock”). The maximum number of shares of Series
M Preferred Stock shall be 1,500 shares. The Series M Preferred Stock shall rank pari passu to the Company’s common stock,
par value $0.001 per share (the “Common Stock”), and junior to all other classes and series of equity
securities of the Company which by their terms do not rank pari passu. The Series M Preferred Stock shall be subordinate to and
rank junior to all indebtedness of the Company now or hereafter outstanding.

2.                 
Dividends.

The Series M Preferred
Stock shall not pay a dividend; provided that no cash dividends or distributions shall be declared or paid or set apart for payment
on the Common Stock unless such cash dividend or distribution is likewise declared, paid or set apart for payment on the Series
M Preferred Shares.

3.                 
Voting Rights. Holders of the Series M Preferred Stock shall vote on an “as converted”
basis, together as a single class, with the Common Stock, on all matters requiring the approval, ratification or consent of holders
of Common Stock of the Company. The Common Stock into which the Series M Preferred Stock is

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 convertible shall, when issued,
have all of the same voting rights as other issued and outstanding Common Stock of the Company, and none of the rights of the Series
M Preferred Stock.

 

4.                 
Conversion. The holder of Series M Preferred Stock shall have the following conversion rights (the “Conversion
Rights”):

(a)               
Mandatory Conversion. On or after the Issuance Date, at such time when the Company amends its Articles of Incorporation
to increase the number of authorized shares of Common Stock to such number that is equal to or greater than seven hundred million
(700,000,000), the holder of any such shares of Series M Preferred Stock shall automatically convert (a “Mandatory
Conversion”) all of the shares of Series M Preferred Stock held by such person into a number of fully paid and nonassessable
shares of Common Stock equal to the product of (i) the number of shares of Series M Preferred Stock; and (ii) the Conversion Multiple
(as defined in Section 4(c) below).

(b)              
Mechanics of Mandatory Conversion. The Mandatory Conversion of Series M Preferred Stock shall be conducted in the
following manner:

(i)                
Holder's Delivery Requirements. Upon the Mandatory Conversion, the holder thereof shall surrender to a common carrier
for delivery to the Company’s designated transfer agent (the “Transfer Agent”) as soon as practicable
following such Mandatory Conversion the original certificates representing the shares of Series M Preferred Stock being converted
(or an indemnification undertaking with respect to such shares in the case of their loss, theft or destruction) (the “Preferred
Stock Certificates”).

(ii)              
Company's Response and Common Stock Issuance. Upon the Mandatory Conversion, the Company shall immediately send,
via facsimile, a confirmation of receipt of such Preferred Stock Certificates to such holder. Upon receipt by the Transfer Agent
of the Preferred Stock Certificates, the Company shall, within three (3) trading days following the later of the (x) Mandatory
Conversion, and (y) date of receipt of the Preferred Stock Certificates by the Transfer Agent, issue and deliver to the holder
certificates registered in the name of the holder or its designee, representing the number of shares of Common Stock to which the
holder shall be entitled.

(iii)            
Record Holder. The person or persons entitled to receive the shares of Common Stock issuable upon a conversion of
the Series M Preferred Stock shall be treated for all purposes as the record holder or holders of such shares of Common Stock from
and after the Conversion Date.

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(c)               
Conversion Price.

(i)                
The term “Conversion Multiple” shall mean Three Hundred One Thousand Six Hundred Ninety Nine (301,699).

(d)              
No Impairment. The Company shall not, by amendment of its Articles of Incorporation 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, but shall at all times in good
faith assist in the carrying out of all the provisions of this Section 4 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 M Preferred Stock against impairment.

(e)               
Issue Taxes. The Company shall pay any and all issue and other taxes, excluding federal, state or local income taxes,
that may be payable in respect of any issue or delivery of shares of Common Stock on conversion of shares of Series M Preferred
Stock pursuant hereto; provided, however, that the Company shall not be obligated to pay any transfer taxes resulting
from any transfer requested by any holder in connection with any such conversion.

(f)               
Notices. All notices and other communications hereunder shall be in writing and shall be deemed given if delivered
personally or by facsimile or three (3) business days following being mailed by certified or registered mail, postage prepaid,
return-receipt requested, addressed to the holder of record at its address appearing on the books of the Company.

(g)              
Fractional Shares. No fractional shares of Common Stock shall be issued upon conversion of the Series M Preferred
Stock. In lieu of any fractional shares to which the holder would otherwise be entitled, the Company shall round the number of
shares to be issued upon conversion up to the nearest whole number of shares.

(h)              
Retirement of Series M Preferred Stock. Conversion of Series M Preferred Stock shall be deemed to have been effected
on a Mandatory Conversion.

5.                 
No Preemptive Rights. No holder of the Series M Preferred Stock shall be entitled to rights to subscribe for, purchase
or receive any part of any new or additional shares of any class, whether now or hereinafter authorized, or of bonds or debentures,
or other evidences of indebtedness convertible into or exchangeable for shares of any class, but all such new or additional shares
of any class, or any bond, debentures or other evidences of indebtedness convertible into or exchangeable for shares, may be issued
and disposed of by the Board of Directors on such terms and for such consideration (to the extent permitted by law), and to such
person or persons as the Board of Directors in their absolute discretion may deem advisable.

6.                 
Vote to Change the Terms of or Issue Preferred Stock. The affirmative vote at a meeting duly called for such purpose
or the written consent without a meeting, of the Majority Holders (in addition to any other corporate approvals then required to
effect such action), shall be required for any change to this

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 Certificate of Designation or the Company's Articles of Incorporation
which would amend, alter, change or repeal any of the powers, designations, preferences and rights of the Series M Preferred Stock.

7.                 
Lost or Stolen Certificates. Upon receipt by the Company of evidence satisfactory to the Company of the loss, theft,
destruction or mutilation of any Preferred Stock Certificates representing the shares of Series M Preferred Stock, and, in the
case of loss, theft or destruction, of any indemnification undertaking by the holder to the Company and, in the case of mutilation,
upon surrender and cancellation of the Preferred Stock Certificate(s), the Company shall execute and deliver new preferred stock
certificate(s) of like tenor and date; provided, however, that the Company shall not be obligated to re-issue Preferred
Stock Certificates if the holder contemporaneously requests the Company to convert such shares of Series M Preferred Stock into
Common Stock.

8.                 
Remedies, Characterizations, Other Obligations, Breaches and Injunctive Relief. The remedies provided in this Certificate
of Designation shall be cumulative and in addition to all other remedies available under this Certificate of Designation, at law
or in equity (including a decree of specific performance and/or other injunctive relief), no remedy contained herein shall be deemed
a waiver of compliance with the provisions giving rise to such remedy and nothing herein shall limit a holder's right to pursue
actual damages for any failure by the Company to comply with the terms of this Certificate of Designation. Amounts set forth or
provided for herein with respect to payments, conversion and the like (and the computation thereof) shall be the amounts to be
received by the holder thereof and shall not, except as expressly provided herein, be subject to any other obligation of the Company
(or the performance thereof). The Company acknowledges that a breach by it of its obligations hereunder will cause irreparable
harm to the holders of the Series M Preferred Stock and that the remedy at law for any such breach may be inadequate. The Company
therefore agrees that, in the event of any such breach or threatened breach, the holders of the Series M Preferred Stock shall
be entitled, in addition to all other available remedies, to an injunction restraining any breach, without the necessity of showing
economic loss and without any bond or other security being required.

9.                 
Specific Shall Not Limit General; Construction. No specific provision contained in this Certificate of Designation
shall limit or modify any more general provision contained herein. This Certificate of Designation shall be deemed to be jointly
drafted by the Company and all initial purchasers of the Series M Preferred Stock and shall not be construed against any person
as the drafter hereof.

10.             
Failure or Indulgence Not Waiver. No failure or delay on the part of a holder of Series M Preferred Stock in the
exercise of any power, right or privilege hereunder shall operate as a waiver thereof, nor shall any single or partial exercise
of any such power, right or privilege preclude other or further exercise thereof or of any other right, power or privilege.

 

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left blank]

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[Signature page to the Certificate of Designations
of Series M Convertible Preferred Stock]

 

 

IN WITNESS WHEREOF, the undersigned has executed
and subscribed this Certificate and does affirm the foregoing as true this 14th day of March, 2013.

 

HELMER DIRECTIONAL DRILLING CORP.

 

 

By: ___/s/ Georgette Wansor_______________

Name: Georgette Wansor

Title: Chief Executive Officer
and Chief Financial Officerex43.htm

Exhibit 4.3

 

LAKELAND FINANCIAL CORPORATION

 

2013 EQUITY INCENTIVE PLAN

 

RESTRICTED STOCK AWARD AGREEMENT

 

The Participant specified below is hereby granted a restricted stock award (the “Award”) by Lakeland Financial Corporation, an Indiana corporation (the “Company”), under the Lakeland Financial Corporation 2013 Equity Incentive Plan (the “Plan”).  The Award shall be subject to the terms of the Plan and the terms set forth in this Restricted Stock Award Agreement (“Award Agreement”).

 

Section 1. Award.  The Company hereby grants to the Participant the Award of restricted stock, which represents the right of the Participant to enjoy the number of Covered Shares set forth in Section 2 below free of restrictions once the Restricted Period ends, subject to the terms of this Award Agreement and the Plan.

 

Section 2. Terms of Restricted Stock Award.  The following words and phrases relating to the Award shall have the following meanings:

 

(a) The “Participant” is ______________________________.

 

(b) The “Grant Date” is ______________________________.

 

(c) The number of “Covered Shares” is ______________________ Shares.

 

Except for words and phrases otherwise defined in this Award Agreement, any capitalized word or phrase in this Award Agreement shall have the meaning ascribed to it in the Plan.

 

Section 3. Restricted Period.

 

(a) The “Restricted Period” for each installment of Covered Shares set forth in the table immediately below (each, an “Installment”) shall begin on the Grant Date and end as described in the schedule set forth in the table immediately below; provided that the Participant’s Termination of Service has not occurred prior thereto:

 

	
Installment

	
Restricted Period will end on:

	
___% of Covered Shares

	
Date/Event/Other Condition

(b) Notwithstanding the foregoing provisions of this Section 3, the Restricted Period for all the Covered Shares shall cease immediately and such Covered Shares shall become fully vested immediately upon the Participant’s Termination of Service due to the Participant’s Disability or the Participant’s death.

 

(c) Upon a Change in Control, the Award shall be treated in accordance with Section 4.1 of the Plan.

 

(d) Except as set forth in Section 3(b) and Section 3(c) above, if the Participant’s Termination of Service occurs prior to the expiration of one or more Restricted Periods, the Participant shall forfeit all rights, title and interest in and to any Installment(s) still subject to a Restricted Period as of such Termination of Service.

 

Section 4. Delivery of Shares.  Delivery of Shares or other amounts under this Award Agreement and the Plan shall be subject to the following:

 

(a) Compliance with Applicable Laws.  Notwithstanding any other provision of this Award Agreement or the Plan, the Company shall have no obligation to deliver any Shares or make any other distribution of benefits under this Award Agreement or the Plan unless such delivery or distribution complies with all applicable laws and the applicable rules of any securities exchange or similar entity.

 

(b) Certificates Not Required.  To the extent that this Award Agreement and the Plan provide for the issuance of Shares, such issuance may be effected on a non-certificated basis, to the extent not prohibited by applicable law or the applicable rules of any securities exchange or similar entity.

 

Section 5. Withholding.  All deliveries of Covered Shares shall be subject to withholding of all applicable taxes.  The Company shall have the right to require the Participant (or if applicable, permitted assigns, heirs and Designated Beneficiaries) to remit to the Company an amount sufficient to satisfy any tax requirements prior to the delivery date of any Shares in connection with the Award.  As permitted by the Committee from time to time, such withholding obligation may be satisfied at the election of the Participant (a) through cash payment by the Participant, (b) through the surrender of Shares that the Participant already owns or (c) through the surrender of Shares to which the Participant is otherwise entitled under the Plan; provided, however, that except as otherwise specifically provided by the Committee, such Shares under clause (c) may not be used to satisfy more than the Company’s minimum statutory withholding obligation.

 

Section 6. Non-Transferability of Award.  The Award, or any portion thereof, is not transferable except as designated by the Participant by will or by the laws of descent and distribution or pursuant to a domestic relations order.  Except as provided in the immediately preceding sentence, the Award shall not be assigned, transferred, pledged, hypothecated or otherwise disposed of by the Participant in any way whether by operation of law or otherwise, and shall not be subject to execution, attachment or similar process.  Any attempt at assignment, transfer, pledge, hypothecation or other disposition of the Award contrary to the provisions hereof, or the levy of any attachment or similar process upon the Award, shall be null and void and without effect.

 

Section 7. Dividends.  The Participant shall be entitled to receive dividends and distributions paid on any Installment during the Restricted Period applicable to such Installment (other than dividends and distributions that may be issued with respect to Shares by virtue of any corporate transaction, to the extent adjustment is made pursuant to Section 3.4 of the Plan); provided, however, that no dividends or distributions shall be payable to or for the benefit of the Participant with respect to record dates for such dividends or distributions occurring before the Grant Date or on or after the date, if any, on which the Participant has forfeited the respective Covered Shares.

 

Section 8. Voting Rights.  The Participant shall be entitled to vote the Covered Shares during the Restricted Period applicable to each Installment; provided, however, that the Participant shall not be entitled to vote Covered Shares with respect to record dates occurring before the Grant Date or on or after the date, if any, on which the Participant has forfeited those Covered Shares.

 

Section 9. Deposit of Restricted Stock Award.  All Shares issued with respect to Covered Shares shall be registered in the name of the Participant and shall be retained by the Company, or an agent of the Company, until the end of the Restricted Period applicable to such Covered Shares.

 

Section 10. Heirs and Successors.  This Award Agreement shall be binding upon, and inure to the benefit of, the Company and its successors and assigns, and upon any person acquiring all or substantially all of the Company’s assets or business.  If any rights of the Participant or benefits distributable to the Participant under this Award Agreement have not been settled or distributed at the time of the Participant’s death, such rights shall be settled for and such benefits shall be distributed to the Designated Beneficiary in accordance with the provisions of this Award Agreement and the Plan.  The “Designated Beneficiary” shall be the beneficiary or beneficiaries designated by the Participant in a writing filed with the Committee in such form as the Committee may require.  The Participant’s designation of beneficiary may be amended or revoked from time to time by the Participant in accordance with any procedures established by the Committee.  If a Participant fails to designate a beneficiary, or if the Designated Beneficiary does not survive the Participant, any benefits that would have been provided to the Participant shall be provided to the legal representative of the estate of the Participant.  If a Participant designates a beneficiary and the Designated Beneficiary survives the Participant but dies before the provision of the Designated Beneficiary’s benefits under this Award Agreement, then any benefits that would have been provided to the Designated Beneficiary shall be provided to the legal representative of the estate of the Designated Beneficiary.

 

Section 11. Administration.  The authority to manage and control the operation and administration of this Award Agreement and the Plan shall be vested in the Committee, and the Committee shall have all powers with respect to this Award Agreement as it has with respect to the Plan.  Any interpretation of this Award Agreement or the Plan by the Committee and any decision made by the Committee with respect to this Award Agreement or the Plan shall be final and binding on all persons.

 

Section 12. Plan Governs.  Notwithstanding any provision of this Award Agreement to the contrary, this Award Agreement shall be subject to the terms of the Plan, a copy of which may be obtained by the Participant from the office of the secretary of the Company.  This Award Agreement shall be subject to all interpretations, amendments, rules and regulations promulgated by the Committee from time to time.  Notwithstanding any provision of this Award Agreement to the contrary, in the event of any discrepancy between the corporate records of the Company and this Award Agreement, the corporate records of the Company shall control.

 

Section 13. Not an Employment Contract.  Neither the Award nor this Award Agreement shall confer on the Participant any rights with respect to continuance of employment or other service with the Company or a Subsidiary, nor shall they interfere in any way with any right the Company or a Subsidiary may otherwise have to terminate or modify the terms of the Participant’s employment or other service at any time.

 

Section 14. Amendment.  Without limitation of Section 17 and Section 18 below, this Award Agreement may be amended in accordance with the provisions of the Plan, and may otherwise be amended in writing by the Participant and the Company without the consent of any other person.

 

Section 15. Governing Law.  This Award Agreement, the Plan and all actions taken in connection herewith and therewith shall be governed by and construed in accordance with the laws of the State of Indiana, without reference to principles of conflict of laws, except as superseded by applicable federal law.

 

Section 16. Validity.  If any provision of this Award Agreement is determined to be illegal or invalid for any reason, said illegality or invalidity shall not affect the remaining parts hereof, but this Award Agreement shall be construed and enforced as if such illegal or invalid provision had never been included herein.

 

Section 17. Section 409A Amendment.  The Award is intended to be exempt from Code Section 409A and this Award Agreement shall be administered and interpreted in accordance with such intent.  The Committee reserves the right (including the right to delegate such right) to unilaterally amend this Award Agreement without the consent of the Participant in order to maintain an exclusion from the application of, or to maintain compliance with, Code Section 409A; and the Participant hereby acknowledges and consents to such rights of the Committee.

 

Section 18. Clawback.  The Award and any amount or benefit received under the Plan shall be subject to potential cancellation, recoupment, rescission, payback or other action in accordance with the terms of any applicable Company or Subsidiary clawback policy (the “Policy”) or any applicable law, as may be in effect from time to time.  The Participant hereby acknowledges and consents to the Company’s or a Subsidiary’s application, implementation and enforcement of (a) the Policy and any similar policy established by the Company or a Subsidiary that may apply to the Participant together with all other similarly situated participants, whether adopted prior to or following the date of this Award Agreement and (b) any provision of applicable law relating to cancellation, rescission, payback or recoupment of compensation, and agrees that the Company or a Subsidiary may take such actions as may be necessary to effectuate the Policy, any similar policy and applicable law, without further consideration or action.

 

*           *           *           *           *

 

  

  

  

IN WITNESS WHEREOF, the Company has caused this Award Agreement to be executed in its name and on its behalf, and the Participant acknowledges understanding and acceptance of, and agrees to, the terms of this Award Agreement, all as of the Grant Date.

 

Lakeland Financial Corporation

 

By:                                                                          

 

Print Name:                                                                          

 

Title:                                                                          

 

Participant

 

 

Print Name:

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