Document:

f8k030614ex10i_gawkinc.htm

Exhibit 10.1

 

ACTION BY WRITTEN CONSENT OF DIRECTORS

 

OF

 

GAWK INCORPORATED

A Nevada Corporation 

 

The undersigned, being all of the Directors of GAWK Incorporated, a Nevada Corporation (the "Corporation") pursuant to the Bylaws of the Corporation and the Nevada Statutes, hereby consent to the following actions of the Corporation as of March 6, 2014, a copy of which shall be filed with the minutes of the Corporation:

 

Whereas, the Corporation has deemed the following actions to be in its best-interests;

 

NOW, WHEREFORE IT IS RESOLVED AS FOLLOWS:

 

	
1.

	
SHARE CANCELLATION.

 

RESOLVED: That the Corporation be and hereby is authorized to cancel the following shares of common stock for the reasons set forth below:

 

150,000,000 Restricted Common Shares Owned by TEKNOVU, Inc., which have been cancelled per the Shareholder's instructions, attached hereto, in exchange for the issuance of the below referenced shares of SERIES A Preferred Stock.

 

	
2. 

	
SHARE ISSUANCE.

 

RESOLVED FURTHER: That the Corporation be and hereby is authorized to issue the following shares of common stock for the reasons set forth below:

 

1,000 shares of SERIES A Preferred Stock to TEKNOVU, Inc., which are being issued in exchange for the cancellation of the above referenced 150,000,000 Restricted Common Shares.

 

RESOLVED FURTHER: That VStock Transfer, the registrar and transfer agent of the Corporation is authorized to issue certificates representing said Shares to TEKNOVU, Inc.

 

  

  

  

 

RESOLVED FURTHER: That as said shares are being issued pursuant to an exemption from registration provided by Section 4(2) of the Securities Act of 1933 and that said shares represent "Restricted Securities" and the share certificate shall bear the following legend:

 

“THE SECURITIES REPRESENTED BY THIS CERTIFICATE HAVE NOT BEEN REGISTERED UNDER THE SECURITIES ACT OF 1933, AS AMENDED, OR THE SECURITIES LAWS OF ANY STATE AND MAY NOT BE SOLD, TRANSFERRED, HYPOTHECATED OR OTHERWISE ASSIGNED EXCEPT PURSUANT TO A REGISTRATION STATEMENT WITH RESPECT TO SUCH SECURITIES WHICH IS EFFECTIVE UNDER SUCH ACT AND UNDER ANY APPLICABLE STATE SECURITIES LAWS UNLESS, IN THE OPINION OF COUNSEL REASONABLY SATISFACTORY TO THE CORPORATION, AN EXEMPTION FROM THE REGISTRATION REQUIREMENTS OF SUCH ACT AND STATE SECURITIES LAWS IS AVAILABLE.”

 

	
2. 

	
OMNIBUS RESOLUTION.

 

RESOLVED: That the proper officers of the Corporation be, and each of them hereby is, authorized, empowered and directed in the name and on behalf of the Corporation, to take any and all actions reasonably necessary or appropriate to carry out the intent of the above resolutions, including the execution of documents, issuance of share certificates, warrants, debentures and making any filings with federal and state securities authorities as they deem necessary or appropriate, and that any and all actions taken by the officers in connection therewith are hereby ratified, confirmed, and approved.

 

This Unanimous Written Consent may be executed in counter parts and by facsimile and such counterparts and facsimile copies shall be conclusive evidence of the consent and ratification of the matters contained herein by the undersigned director(s).

 

Dated: March 6, 2014

 

	

/s/ Mars Callahan

	  
	
Director

	  

		  
	
Directorf8k030614ex10ii_gawkinc.htm

Exhibit 10.2

 

 

  

  

  

 

CERTIFICATE OF DESIGNATION OF RIGHTS,

PRIVILEGES, PREFERENCES AND RESTRICTIONS

OF SERIES A PREFERRED STOCK OF GAWK. INCORPORATED

 

The undersigned, President and Secretary of Gawk, Incorporated, a Nevada corporation (the "Corporation"), hereby certifies the following:

 

The Amended and Restated Articles of Incorporation of the Company authorize Seven Hundred Fifty Million (750,000,000) shares of $.001 par value capital stock, of which are designated One Hundred Million (100,000,000) shares are designated $.001 par value preferred stock (the "Preferred Stock") and Six Hundred Fifty Million (650,000,000) shares are designated $.001 common stock (the "Common Stock").

 

There are presently approximately Three Hundred Two Million (302,000,000) shares of the Corporation's Common Stock, Four Hundred Ten Thousand (410,000) shares of SERIES B, and, Thirty Eight (38) shares of SERIES C Preferred Stock are presently issued and outstanding.

 

The Corporation is organized and existing under the laws of the State of Nevada and, that pursuant to the authority conferred upon the Board of Directors of the Corporation by the Articles of Incorporation of the Corporation, as amended, and pursuant to Nevada Revised Statutes, the shares of Preferred Stock of the Corporation must be created and issued from time to time in one or more series, each of such series to have such voting powers, designation, preferences, and other special rights, qualifications, limitations or restrictions, as expressed in resolutions providing for the creation and issuance of such series, as adopted by the Board of Directors of the Corporation.

 

Pursuant to the resolutions adopted by the Unanimous Written Consent of the Board of Directors Without a Meeting effective March 4, 2014 (the "March 4, 2014 Consent") the Board of Directors adopted resolutions establishing a series of Preferred Stock from its authorized shares of Preferred Stock, designated SERIES A Preferred Stock, consisting of One Thousand (1,000) shares (the "SERIES A Stock"), with certain rights, privileges, preferences and restrictions as set forth in this Certificate of Designation of Rights, Privileges, Preferences and Restrictions of SERIES A Preferred Stock of Gawk, Incorporated as follows:

 

	
1.0 

	
Designation and Rank.

 

A new series of Preferred Stock from the Corporation's authorized shares of Preferred Stock is hereby created, designated SERIES A Preferred Stock, consisting of One Thousand (1,000) shares (the "SERIES A Stock"), with certain rights, privileges, preferences and restrictions as set forth in the March 4, 2014 Consent. No other shares of Preferred Stock shall be designated SERIES A Preferred Stock.

 

	
2.0 

	
Dividend Rate and Rights.

 

The holders of the shares of the SERIES A Stock shall not be entitled to receive dividends.

 

  

1

  

 

	
3.0 

	
Conversion into Common Stock.

 

The holders of the shares of the SERIES A Stock shall not be entitled to convert such shares into the Company's Common Stock.

 

	
4.0 

	
Liquidation Preference.

 

The holders of SERIES A Preferred Stock shall not be entitled to receive any distributions in the event of any liquidation, dissolution or winding up of the Corporation, either voluntary or involuntary.

 

	
5.0 

	
Voting Rights.

 

Except as otherwise provided herein or by law and in addition to any right to vote as a separate SERIES As provided by law, the holder of the SERIES A Preferred Stock shall have full voting rights and powers equal to the voting rights and powers of holders of Common Stock and shall be entitled to notice of any Shareholders meeting in accordance with the Bylaws of the Corporation, and shall be entitled to vote, with respect to any question upon which holders of Common Stock have the right to vote, including, without limitation, the right to vote for the election of directors, voting together with the holders of Common Stock as one class. For so long as SERIES A Preferred Stock is issued and outstanding, the holders of SERIES A Preferred Stock shall vote together as a single class with the holders of the Corporation's Common Stock and the holders of any other class or series of shares entitled to vote with the Common Stock, with the holders of SERIES A Preferred Stock being entitled to fifty-one percent (51%) of the total votes on all such matters regardless of the actual number of shares of SERIES A Preferred Stock then outstanding, and the holders of Common Stock and any other shares entitled to vote being entitled to their proportional share of the remaining 49% of the total votes based on their respective voting power.

 

	
6.0 

	
Other Preferences.

 

The shares of the SERIES A Preferred Stock shall have no other preferences, rights, restrictions, or qualifications, except as otherwise provided by law or the Articles of Incorporation of the Corporation.

 

	
7.0 

	
No Impairment.

 

The Corporation will not, by amendment of its Articles of Incorporation or by amendment to the Certificate of Designation of the Rights, Privileges, Preferences and Restrictions of SERIES A Preferred Stock establishing SERIES A Stock, which shall be prepared as a separate document and filed with the requisite regulatory agencies and state registry, or by resolutions adopted subsequent to the date hereof, or through any reorganization, transfer of assets, 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 will at all times in good faith assist in the carrying out of all the provisions of this Paragraph 7, and in the taking of all such actions as may be necessary or appropriate in order to protect against the impairment of the rights of holders of the SERIES A Stock.

 

  

2

  

 

	
8.0 

	
Notices.

 

Unless otherwise specified in the Corporation's Articles of Incorporation or Bylaws, all notices or communications given hereunder shall be in writing and, if to the Corporation, shall be delivered to its principal executive offices, and if to the holder of any shares of SERIES A Stock, shall be delivered to it at its address as it appears on the stock records of the Corporation.

 

IN WITNESS WHEREOF, the Corporation has caused this Certificate of Designation of Rights, Privileges, Preferences and Restrictions of SERIES A Preferred Stock of Gawk, Incorporated to be signed by the Corporation's President and Secretary effective this 4th day of March, 2014.

 

	Gawk, Incorporated	 
	 	 	 
	
By:

	
/s/ Mars Callahan

	  
	  	
Mars Callahan,

President and Secretary

	  

 

 

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