Document:

Exhibit 4.1

 

	 	Delaware	Page
    1
	 	The
    First State	 

 

I,
JEFFREY W. BULLOCK, SECRETARY OF STATE OF THE STATE OF DELAWARE, DO HEREBY CERTIFY THE ATTACHED IS A TRUE AND CORRECT COPY OF
THE CERTIFICATE OF DESIGNATION OF “INTERCLOUD SYSTEMS, INC.”, FILED IN THIS OFFICE ON THE TWENTY-SIXTH DAY OF JULY,
A.D. 2017, AT 4:06 O’CLOCK P.M.

 

A
FILED COPY OF THIS CERTIFICATE HAS BEEN FORWARDED TO THE NEW CASTLE COUNTY RECORDER OF DEEDS.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

		/s/
    Jeffrey w. Bullock
	 	 	Jeffrey
w. Bullock, Secretary of State
	3131825
                                         8100

                                                                                SR#
                                         20175429806
	 	Authentication:
                                         202962021

                                                                                 Date:
                                         07-27-17

	 	 	 
	You
    may verify this certificate online at corp.delaware.gov/authver.shtml	 

 

     

     

    

 

CERTIFICATE
OF DESIGNATION, PREFERENCES, RIGHTS AND

OTHER RIGHTS OF

SERIES
J PREFERRED STOCK OF INTERCLOUD SYSTEMS, INC.

 

Pursuant
to Section 151 of the General Corporation Law of the State of Delaware, the undersigned Secretary of INTERCLOUD SYSTEMS, INC.
(the “Corporation”), a corporation organized and existing under the laws of the State of Delaware, DOES HEREBY CERTIFY
that pursuant to the authority contained in the Corporation’s Certificate of Incorporation, as amended, and in accordance
with the provisions of the resolution creating a series of the class of the Corporation’s authorized Preferred Stock as designated
as Series J Preferred Stock as follows:

 

FIRST:
The Certificate of Incorporation, as amended, of the Corporation authorizes the issuance of 500,000.000 shares of common stock,
$0.0001 par value per share, and 50,000,000 shares of preferred stock, par value $0.0001 per share, and further authorizes the
Board of Directors of the Corporation, by resolution or resolutions, at any time and from time to time, to divide and establish
any or all of the unissued shares of preferred stock not then allocated to any series into one or more and, without limiting the
generality of the foregoing, to fix and determine the designation of each such share, the number of shares which shall constitute
such and certain preferences, limitations and relative rights of the shares of each series so established.

 

SECOND:
By unanimous written consent of the Board of Directors of the Corporation dated July 20, 2017, the Board of Directors have designated
1000 shares of the preferred stock as Series J Preferred Stock. The designations, powers, preferences and rights, and the qualifications,
limitations or restrictions thereof, in respect of the Series J Preferred Stock shall be as hereinafter described.

 

THIRD:
Article Fourth of the Certificate of Incorporation of the Corporation is amended to include the following:

 

Series
J Preferred Stock

 

The
Corporation shall designate a series of preferred stock, consisting of 1000 shares, with stated value of $4,916 per share, as
Series J Preferred Stock (the “Series J”), which shall have the following designations, rights and preferences:

 

1.
Redemption. The shares of the Series J are not redeemable.

 

2. Voting
Rights. Except as otherwise provided herein or as required by law, the Series J shall be voted together with the shares of
Common Stock of the Corporation (“Common Stock”) and any other series of preferred stock then outstanding, and not as
a separate class, at any annual or special meeting of stockholders of the Corporation, with respect to any question or matter
upon which the holders of Common Stock have the right to vote, such that the aggregate voting power of the Series J is equal to
fifty-one percent (51%) of the total voting power of the Corporation. The Series J shall be entitled to notice of any stockholders’
meeting in accordance with the Bylaws of the Corporation, and may act by written consent in the same manner as the holders of
Common Stock of the Corporation.

 

	 	State
    of Delaware
	 	Secretary
    of State
	 	Division
    of Corporations
	 	Delivered
    04:06 PM 07/26/2017
	 	FILED
    04:06 PM 07/26/2017
	 	SR
    20175429806 - File Number 3131825

 

    	 	2	 

     

    

 

3. Liquidation,
Dissolution, Winding-Up. The Corporation’s Series A Preferred Stock, Series B Preferred Stock, Series C Preferred Stock,
Series D Preferred Stock, Series E Preferred Stock, Series F Preferred Stock, Series G Preferred Stock, Series H Preferred Stock,
and Series I Preferred Stock (the “Senior Preferred Stock:) shall have a liquidation preference senior to the Series J.
Upon any Fundamental Transaction, liquidation, dissolution or winding up of the Corporation, whether voluntary or involuntary,
the Holders of the shares of the Series J shall be entitled, after any distribution or payment is made upon any shares of capital
stock of the Corporation having a liquidation preference senior to the Series J, including the Senior Preferred Stock, but before
any distribution or payment is made upon any shares of Common Stock or other capital stock of the Corporation having a liquidation
preference junior to the Series J, to be paid in cash the sum of $4,916 per share. If upon such liquidation, dissolution or winding
up, the assets to be distributed among the Series J Holders and all other shares of capital stock of the Corporation having the
same liquidation preference as the Series J shall be insufficient to permit payment to said holders of such amounts, then all
of the assets of the Corporation then remaining shall be distributed ratably among the Series J Holders and such other capital
stock of the Corporation having the same liquidation preference as the Series J, if any. Upon any liquidation, dissolution or
winding up of the Corporation, whether voluntary or involuntary, after provision is made for Series J Holders arid all other shares
of capital stock of the Corporation having the same liquidation preference as the Series J, if any, then-outstanding as provided
above, the holders of Common Stock and other capital stock of the Corporation having a liquidation preference junior to the Series
J shall be entitled to receive ratably all remaining assets of the Corporation to be distributed. If assets other than cash are
distributed pursuant to this Section, the valuation of such assets will be made by the Board of Directors acting in good faith.
For purposes hereof, a “Fundamental Transaction” shall mean (i) the Corporation, directly or indirectly, in one or
more related transactions effects any merger or consolidation of the Corporation with or into another person, (ii) the Corporation,
directly or indirectly, effects any sale, lease, license, assignment, transfer, conveyance or other disposition of all or substantially
all of its assets in one or a series of related transactions, (iii) any, direct or indirect, purchase offer, tender offer or exchange
offer (whether by the Corporation or another person) is completed pursuant to which holders of Common Stock are permitted to sell,
tender or exchange their shares for other securities, cash or property and has been accepted by the holders of 50% or more of
the outstanding Common Stock, (iv) the Corporation, directly or indirectly, in one or more related transactions effects any reclassification,
reorganization or recapitalization of the Common Stock or any compulsory share exchange pursuant to which the Common Stock is
effectively converted into or exchanged for other securities, cash or property; or (v) the Corporation, directly or indirectly,
in one or more related transactions consummates a stock or share purchase agreement or other business combination (including,
without limitation, a reorganization, recapitalization, spin-off or scheme of arrangement) with another person, whereby such other
person acquires more than 50% of the outstanding shares of Common Stock (not including any shares of Common Stock held by the
other person or other persons making or party to, or associated or affiliated with the other persons making or party to, such
stock or share purchase agreement or other business combination).

 

4.
No Preemptive Rights. No Series J Holder 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.

 

5.
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 Corporation to comply with the terms of this Certificate of Designation.

 

6.
Specific Shall Not Limit General. No specific provision contained in this Certificate of Designation shall limit or modify
any more general provision contained herein.

 

IN
WITNESS WHEREOF, the Corporation has caused this Certificate of Designation to he duly executed by its Chief Executive Officer
as of this 20th day of July 2017.

 

	 	INTERCLOUD
    SYSTEMS, INC. 
	 	 	 
	 	By:
    	/s/
    Mark E. Munro
	 	Name:
    	Mark
    E. Munro
	 	Title:
    	Chief
    Executive OfficerExhibit 10.1

 

EXCHANGE
AGREEMENT

 

THIS
EXCHANGE AGREEMENT (the “Agreement”) is dated this 27th day of July 2017, by and among InterCloud
Systems, Inc. a Delaware corporation (the “Company”) and the parties listed below (each a “Holder”).

 

WHEREAS,
the individual Holder beneficially owns and holds a certain Promissory Note or multiple Promissory Notes, as set forth on Exhibit
A hereto (the “Note(s)”); and

 

WHEREAS,
the Holder desires to exchange (the “Exchange”) the Note for new Convertible Preferred Stock (the “Exchange
Securities”) of the Company as set forth and memorialized on Exhibit B hereto, and the Company desires to issue
the Exchange Securities in exchange for the Note(s), all on the terms and conditions set forth in this Agreement.

 

NOW,
THEREFORE, in consideration of the terms and conditions contained herein, and other good and valuable consideration, the receipt
and sufficiency of which is hereby acknowledged, the Company and the Holder hereby agree as follows;

 

Section
1. Exchange. Subject to and upon the terms and conditions set forth in this Agreement, the Holder agrees to surrender
to the Company the Securities and, in exchange therefore, the Company shall issue to the Holder the Exchange Securities.

 

1.1
Closing. On the Closing Date (as defined below) the Company will issue and deliver (or cause to be issued and delivered)
the Exchange Securities to the Holder, or in the name of a custodian or nominee of the Holder, or as otherwise requested by the
Holder in writing, and the Holder will surrender to the Company the Note(s). The closing of the Exchange shall occur on July 20,
2017 or as soon thereafter as the parties may mutually agree in writing (the “Closing Date”).

 

Section
2. Representations and Warranties of the Company. The Company represents and warrants to the Holder that:

 

2.1
Organization and Qualification. The Company is an entity duly incorporated or otherwise organized, validly existing and
in good standing under the laws of the jurisdiction of its incorporation or organization, with the requisite power and authority
to own and use its properties and assets and to carry on its business as currently conducted. The Company is duly qualified to
conduct business and is in good standing in each jurisdiction in which business is conducted.

 

2.2 Authorization;
Enforcement. The Company has the requisite corporate power and authority to enter into and to consummate the
transactions contemplated by this Agreement. The execution and delivery of this Agreement and each of the other related
transaction documents by the Company and the consummation by it of the transactions contemplated hereby and thereby have been
duly authorized by all necessary action on the part of the Company and no further action is required by the Company,
the Board of Directors or the Company’s stockholders in connection herewith.

 

     

     

    

 

2.3 Issuance
of Exchange Securities. The issuance of the Exchange Securities is duly authorized and, upon issuance in accordance with
the terms hereof, the Exchange Securities shall be validly issued, fully paid and non-assessable. The shares of Common
Stock issued upon conversion of the Exchange Securities, when issued and delivered in accordance with the terms of the
Exchange Securities, will be duly and validly issued, fully paid and non-assessable, free and clear of all Liens (as defined
below) imposed by the Company, other than restrictions on transfer under applicable state and federal securities
laws.

 

2.4
No Conflicts. The execution, delivery and performance by the Company of this Agreement and the other Transaction Documents
to which it is a party, the issuance of the Exchange Securities and the consummation by it of the transactions contemplated hereby
and thereby do not and will not: (i) conflict with or violate any provision of the Company’s or any Subsidiary’s certificate
or articles of incorporation, bylaws or other organizational or charter documents; (ii) conflict with, or constitute a default
(or an event that with notice or lapse of time or both would become a default) under, result in the creation of any options, contracts,
agreements, liens, security interests, or other encumbrances (“Liens”) upon any of the properties or assets
of the Company or any Subsidiary, or give to others any rights of termination, amendment, acceleration or cancellation (with or
without notice, lapse of time or both) of, any agreement, credit facility, debt or other instrument (evidencing a Company or Subsidiary
debt or otherwise) or other understanding to which the Company or any Subsidiary is a party or by which any property or asset
of the Company or any Subsidiary is bound or affected.

 

2.5 Acknowledgment
Regarding the Exchange. The Company acknowledges and agrees that the Holder is acting solely in the capacity of an
arm’s length third party with respect to this Agreement and the transactions contemplated hereby.

 

2.6
No Commission: No Other Consideration. The Company has not paid or given, and has not agreed to pay or give, directly or
indirectly, any commission or other remuneration for soliciting the Exchange. The Exchange Securities are being issued exclusively
for the exchange of the Securities and no other consideration has or will be paid for the Exchange Securities.

 

Section
3. Representations and Warranties of the Holder. The Holder represents and warrants, severally and not jointly, to the
Company that:

 

3.1 Ownership
of the Note(s). The Holder is the legal and beneficial owner of the Note(s). The Holder delivered valid consideration for
the Note(s), and has continuously held the Note(s) since its issuance.

 

    	 	2	 

     

    

 

3.2
No Public Sale or Distribution. The Holder is acquiring the Exchange Securities in the ordinary course of business for
its own account and not with a view toward, or for resale in connection with, the public sale or distribution thereof.

 

3.3
Accredited Investor and Affiliate Status. The Holder is an “accredited investor” as that term is defined in Rule
501 of Regulation D under the Securities Act.

 

3.4
Risk. The Holder understands that its investment in the Exchange Securities involves a high degree of risk. The Holder
is able to bear the risk of an investment in the Exchange Securities including, without limitation, the risk of total loss of
its investment.

 

3.5
No Governmental Review. The Holder understands that no United States federal or state agency or any other government or
governmental agency has passed on or made any recommendation or endorsement in connection with the Exchange or the fairness or
suitability of the investment in the Exchange Securities nor have such authorities passed upon or endorsed the merits of the Exchange
Securities.

 

3.6
Organization; Authorization. The Holder is duly organized, validly existing and in good standing under the laws of its
state of formation and has the requisite organizational power and authority to enter into and perform its obligations under this
Agreement.

 

3.7 Validity;
Enforcement. This Agreement has been duly and validly authorized, executed and delivered, on behalf of the Holder and
shall constitute the legal, valid and binding obligations of the Holder enforceable against the Holder in accordance with its
terms. The execution, delivery and performance of this Agreement by the Holder and the consummation by the Holder of the
transactions contemplated hereby (including, without limitation, the irrevocable surrender of the Note(s)) will not result
in a violation of the organizational documents of the Holder.

 

3.8
Prior Investment Experience. The Holder acknowledges that it has prior investment experience, including investment in securities
of the type being exchanged, including the Securities and the Exchange Securities, and has read all of the documents furnished
or made available by the Company to it and is able to evaluate the merits and risks of such an investment on its behalf, and that
it recognizes the highly speculative nature of this investment.

 

3.9
Tax Consequences. The Holder acknowledges that the Company has made no representation regarding the potential or actual
tax consequences for the Holder which will result from entering into the Agreement and from consummation of the Exchange. The
Holder acknowledges that it bears complete responsibility for obtaining adequate tax, advice regarding the Agreement and the Exchange.

 

    	 	3	 

     

    

 

Section
4. Conditions Precedent to Obligations of the Company. The obligation of the Company to consummate the transactions
contemplated by this Agreement, is subject to the satisfaction of each of the following conditions, provided that
these conditions are for the Company’s sole benefit and may be waived by the Company at any time in its sole discretion
by providing the Holder with prior written notice thereof:

 

4.1
Delivery. The Holder shall have delivered to the Company the Note(s).

 

4.2
No Prohibition. No order of any court, arbitrator, or governmental or regulatory authority shall be in effect which purports
to enjoin or restrain any of the transactions contemplated by this Agreement; and

 

4.3
Representations. The accuracy in all material respects when made and on the applicable Closing Date of the representations
and warranties of the Holder contained herein (unless as of a specific date therein);

 

Section
5. Conditions Precedent to Obligations of the Holder. The obligation of the Holder to consummate the transactions contemplated
by this Agreement is subject to the satisfaction of each of the following conditions, provided that these conditions are for the
Holder’s sole benefit and may be waived by the Holder at any time in its sole discretion by providing the Company with prior written
notice thereof:

 

5.1
No order of any court, arbitrator, or governmental or regulatory authority shall be in effect which purports to enjoin or restrain
any of the transactions contemplated by this Agreement;

 

5.2
the representations and warranties of the Company (i) shall be true and correct in all material respects when made, and on the
applicable Closing Date (unless as of a specific date therein) for such representations and warranties contained herein that are
not qualified by “materiality” or “Material Adverse Effect” and (ii) shall be true and correct when made and
on the applicable Closing Date (unless as of specific date therein) for such representations and warranties contained herein that
are qualified by “materiality” or “Material Adverse Effect”;

 

5.3
all obligations, covenants and agreements of the Company required to be performed at or prior to the applicable Closing Date shall
have been performed.

 

Section
6. Governing Law; Jurisdiction; Waiver of Jury Trial. This Agreement shall be construed under the laws of the state of
New York, without regard to principles of conflicts of law or choice of law that would permit or require the application of the
laws of another jurisdiction. The Company and the Holder each hereby agrees that all actions or proceedings arising directly
or indirectly from or in connection with this Agreement shall be litigated only in the Supreme Court of the State of New York
or the United States District Court for the Southern District of New York located in New York County, New York.

 

    	 	4	 

     

    

 

Section
7. Counterparts. This Agreement may be executed in two or more identical counterparts, all of which shall be considered
one and the same agreement and shall become effective when counterparts have been signed by each party and delivered to the other
party; provided that a facsimile signature shall be considered due execution and shall be binding upon the signatory thereto with
the same force and effect as if the signature were an original, not a facsimile signature.

 

Section
8. Headings. The headings of this Agreement are for convenience of reference and shall not form part of, or affect the
interpretation of, this Agreement.

 

Section
9. Severability. If any provision of this Agreement shall be invalid or unenforceable in any jurisdiction, such invalidity
or unenforceability shall not affect the validity or enforceability of the remainder of this Agreement in that jurisdiction or
the validity or enforceability of any provision of this Agreement in any other jurisdiction.

 

Section
10. No Strict, Construction. The language used in this Agreement will be deemed to be the language chosen by the parties
to express their mutual intent, and no rules of strict construction will be applied against any party.

 

Section
11. Entire Agreement; Amendments. This Agreement supersedes all other prior oral or written agreements between the Holder,
the Company, their affiliates and persons acting on their behalf with respect to the matters discussed herein, and this Agreement
and the instruments referenced herein contain the entire understanding of the parties with respect to the matters covered herein
and therein and, except as specifically set forth herein or therein, neither the Company nor the Holder makes any representation,
warranty, covenant or undertaking with respect to such matters.

 

Section
12. Notices. Any notices, consents, waivers or other communications required or permitted to be given under the terms of
this Agreement must be in writing and will be deemed to have been delivered: (a) upon receipt, when delivered personally; (b)
upon receipt, when sent by facsimile (provided confirmation of transmission is mechanically or electronically generated and kept
on file by the sending party); or (c) one calendar day (excluding Saturdays, Sundays, and national banking holidays) after deposit
with an overnight courier service, in each case properly addressed to the party to receive the same.

 

The
addresses and facsimile numbers for such communications shall be:

 

If
to the Company;

Tim
Larkin

Chief
Financial Officer

1030
Broad Street, Suite 102, Shrewsbury, NJ 0772

E:tlarkin@intercloudsys.com

 

    	 	5	 

     

    

 

If
to the Holder:

 

Last
known address on file with the Company

 

or
to such other address and/or facsimile number and/or to the attention of such other person as the recipient party has specified
by written notice given to each other party five (5) days prior to the effectiveness of such change.

 

Section
13. Successors and Assigns. This Agreement shall be binding upon and inure to the benefit of the parties and their respective
successors and assigns, including any purchasers of the Exchange Securities. The Holder may assign some or all of its rights hereunder
without the consent of the Company, in which event such assignee shall be deemed to be the Holder hereunder with respect to such
assigned rights.

 

Section
14. No Third Party Beneficiaries. This Agreement is intended for the benefit of the parties hereto and their respective
permitted successors and assigns, and is not for the benefit of, nor may any provision hereof be enforced by, any other person.

 

Section
15. Survival of Representations. The representations and warranties of the Company and the Holder contained in
Sections 2 and 3, respectively, will survive the closing of the transactions contemplated by this Agreement.

 

Section
16. Further Assurances. Each party shall do and perform, or cause to be done and performed, all such further acts and things,
and shall execute and deliver all such other agreements, certificates, instruments and documents, as any other party may reasonably
request in order to carry out the intent and accomplish the purposes of this Agreement and the consummation of the transactions
contemplated hereby.

 

[Signature
Page Follows]

 

    	 	6	 

     

    

 

IN
WITNESS WHEREOF, the parties have executed this Exchange Agreement as of the date first written above.

  

	COMPANY

	 
	 	 
	InterCloud
    Systems, Inc.	 
	 	 	 
	By:	/s/
    Tim Larkin 	 
	Name:	Tim
    Larkin 	 
	Title:	CFO	 
	 	 	 
	HOLDER	 
	 	 	 
	By:	/s/
    Mark Munro	 
	Name:	Mark Munro	 
	 	 	 
	PASCACK ROAD, LLC	 
	 	 	 
	By: 	/s/ Mark Durfee	 
	Name:	Mark Durfee	 
	Title:	Authorized Signatory	 
	 	 	 
	1112 THIRD AVENUE CORP.	 
	 	 	 
	By:	/s/ Mark Munro	 
	Name:	Mark Munro	 
	Title:	Authorized Signatory	 
	 	 	 
	CamaPlan
    FBO Mark Munro IRA	 
	 	 	 
	By: 	/s/ Mark Munro	 
	Name:	Mark Munro	 
	Title:	Authorized Signatory	 
	 	 	 

 

 

    	 	7	 

     

    

 

Exhibit
A

Promissory Notes

 

 

	Holder	 	Aggregate Principal and Accrued Interest Amount of Promissory Notes of the Company Exchanged	 
	Mark Munro	 	$	724,680	 
	Pascack Road, LLC	 	$	3,013,884	 
	1112 Third Avenue Corp.	 	$	411,751	 
	CamaPlan FBO Mark Munro IRA	 	$	767,148	 
	Total	 	$	4,917,463	 

 

     

     

    

 

Exhibit
B

Series J Preferred Stock

 

 

	Holder	 	Number of Shares of Series J Preferred Stock of the Company Received in Exchange for Promissory Notes	 
	Mark Munro	 	 	147	 
	Pascack Road, LLC	 	 	613	 
	1112 Third Avenue Corp.	 	 	84	 
	CamaPlan FBO Mark Munro IRA	 	 	156	 
	Total	 	 	1,000

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