Document:

EXHIBIT 10.26

 

MASTER REVOLVING CREDIT NOTE

[This Master Revolving Credit Note amends and replaces that certain

Master Revolving Credit Note dated as of December 17, 2013 from the undersigned payable to 

the order of the Bank (the “Existing Note”).]

	
$25,000,000.00

	
Chattanooga, Tennessee

Dated as of December 30, 2014

Except as may be otherwise extended pursuant to the Loan Agreement (hereinafter defined), on March 31, 2017 (the “Termination Date”) the undersigned, MILLER INDUSTRIES, INC., a Tennessee corporation, APACO, INC., a Delaware corporation, CENTURY HOLDINGS, INC., a Tennessee corporation, CHAMPION CARRIER CORPORATION, a Delaware corporation, CHEVRON, INC., a Pennsylvania corporation, MILLER FINANCIAL SERVICES GROUP, INC., a Tennessee corporation, MILLER/GREENEVILLE, INC., a Tennessee corporation, MILLER INDUSTRIES INTERNATIONAL, INC., a Tennessee corporation, MILLER INDUSTRIES TOWING EQUIPMENT INC., a Delaware corporation, (singularly and collectively, the “Maker”), promises to pay to the order of FIRST TENNESSEE BANK NATIONAL ASSOCIATION, a national banking association having a principal place of business in Chattanooga, Tennessee (the “Bank”), the principal sum of Twenty Five Million and NO/100 Dollars ($25,000,000.00), or, if less, the aggregate unpaid principal amount of all Revolving Credit Advances made to the undersigned pursuant to the Loan Agreement (as hereinafter defined), together with interest upon disbursed and unpaid principal balances of the Revolving Credit Advances, at the rate hereinafter specified, said interest being payable quarterly on the last day of each quarter hereafter commencing December 31, 2014, and continuing on each March 31, June 30, September 30, and December 31, thereafter, with the final installment of interest being due and payable concurrently on the same date that the remaining principal balance is due hereunder.

This Note is being executed in connection with that certain Loan Agreement dated as of even date herewith, among Maker and Bank (as amended, supplemented or otherwise modified from time to time, the “Loan Agreement”). To the extent that any provisions of this Note are inconsistent with the Loan Agreement, the Loan Agreement shall govern and control. Any capitalized terms used herein and not otherwise defined herein, shall have their respective meanings in the Loan Agreement.

 

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The interest rate on this Note shall be the LIBOR Rate plus 1.50% (the “Margin”), as determined and adjusted in accordance with the definition of LIBOR Rate, without notice to Maker, as of the date of this Note and on the first day of each calendar month hereafter (the “Interest Rate Change Date”). The “LIBOR Rate” shall mean the London Interbank Offered Rate of interest for an interest period of one (1) month, which appears on Bloomberg page BBAM under the column heading “USD” on the day that is two (2) London Business Days preceding each Interest Rate Change Date (the “Reset Date”). If the LIBOR Rate as defined above is not available or is not published for any Reset Date, then Bank shall, in its reasonable and good faith credit judgment, choose a substitute source of publication for the LIBOR Rate, which LIBOR Rate plus the Margin shall become effective on the next Interest Rate Change Date. “London Business Day” shall mean any day on which commercial banks in London, England are open for general business. The interest rate change will not occur more often than each month. The initial interest rate is 1.6659% per annum. NOTICE: Under no circumstances will the interest rate on the Note be more than the maximum rate allowed by applicable law (the “Maximum Rate”).

 

Notwithstanding any other provisions herein, if any Change in Law (as hereinafter defined) shall make it unlawful for the Bank to make or maintain a LIBOR Rate loan as contemplated by this Note, the principal outstanding hereunder shall, if required by law and if the Bank so requests, be converted on the date required to make the loan evidenced by this Note legal to a loan accruing interest at a rate comparable to the former LIBOR Rate as determined by the Bank its reasonable and good faith credit judgment.

 

The undersigned hereby indemnifies the Bank and holds the Bank harmless from any loss or expense which Bank may sustain in accordance with the Loan Agreement.

 

“Change in Law” shall mean the adoption of any law, rule, regulation, policy, guideline or directive (whether or not having the force of law) or any change therein or in the interpretation or application thereof, in all cases by any Governmental Authority having jurisdiction over the Bank, in each case after the date hereof.

 

“Governmental Authority” shall mean any nation or government, any state or other political subdivision thereof and any entity exercising regulatory functions of or pertaining to government.

Until the Termination Date, subject to Section 8.9 of the Loan Agreement, the Maker may borrow, repay and reborrow the principal amount of this Note.

This Note is unsecured.

All installments of interest, and the principal hereof, are payable at the office of First Tennessee Bank National Association, 701 Market Street, Chattanooga, Tennessee, or at such other place as the holder may designate in writing, in lawful money of the United States of America, which shall be legal tender in payment of all debts and dues, public and private, at the time of payment.

Any amounts not paid when due hereunder (whether by acceleration or otherwise and subject to applicable grace periods) shall bear interest after maturity at the lesser of (a) the Bank’s Base rate plus three percent (3%) per annum or (b) the Maximum Rate. For purposes hereof, the Base Rate shall mean that rate announced by Bank from time to time as Bank’s “base rate” and shall not necessarily be the lowest or best rate charged by Bank.

 

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For any payment which is not made within ten (10) days of the due date for such payment, the Borrower shall pay a late fee, including without limitation loans which are renewed more than ten (10) days after the due date even though the renewal may be dated as of the past-due payment date. The late fee shall equal five percent (5%) of the unpaid portion of the past-due payment.

If an Event of Default shall have occurred and be continuing (subject to applicable cure periods), all after the Bank mails written notice of such Event of Default to the Maker, then, in any of such events, the entire unpaid principal balance of the indebtedness evidenced hereby together with all interest then accrued, shall, at the absolute option of the Bank, at once become due and payable, without demand or notice, the same being expressly waived. Notwithstanding the foregoing, upon the maturity date of this Note set forth on page one of this Note, no notice or cure period shall be required.

If this Note is placed in the hands of an attorney for collection, by suit or otherwise, or to protect the security for its payment, or to enforce its collection, or to represent the rights of the Bank in connection with any loan documentation executed in connection herewith, or to defend successfully against any claim, cause of action or suit brought by the Maker against the Bank, the Maker shall pay on demand all costs of collection and litigation (including court costs), together with a reasonable attorney’s fee all in accordance with the Loan Agreement.

The Maker and any endorsers or guarantors hereof waive protest, demand, presentment, and notice of dishonor, and agree that this Note may be extended, in whole or in part, without limit as to the number of such extensions or the period or periods thereof, without notice to them and without affecting their liability hereon.

It is the intention of the Bank and the Maker to comply strictly with applicable usury laws; and, accordingly, in no event and upon no contingency shall the Bank ever be entitled to receive, collect, or apply as interest any interest, fees, charges or other payments equivalent to interest, in excess of the maximum rate which the Bank may lawfully charge under applicable statutes and laws from time to time in effect; and in the event that the holder hereof ever receives, collects, or applies as interest any such excess, such amount which, but for this provision, would be excessive interest, shall be applied to the reduction of the principal amount of the indebtedness hereby evidenced; and if the principal amount of the indebtedness evidenced hereby, and all lawful interest thereon, is paid in full, any remaining excess shall forthwith be paid to the Maker, or other party lawfully entitled thereto. In determining whether or not the interest paid or payable, under any specific contingency, exceeds the highest rate which Bank may lawfully charge under applicable law from time to time in effect, the Maker and the Bank shall, to the maximum extent permitted under applicable law, characterize any non-principal payment as a reasonable loan charge, rather than as interest. Any provision hereof, or of any other agreement between the Bank and the Maker, that operates to bind, obligate, or compel the Maker to pay interest in excess of such maximum rate shall be construed to require the payment of the maximum rate only. The provisions of this paragraph shall be given precedence over any other provision contained herein or in any other agreement between the Bank and the Maker that is in conflict with the provisions of this paragraph.

 

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This Note shall be governed and construed according to the statutes and laws of the State of Tennessee from time to time in effect, except to the extent that Section 85 of Title 12 of the United States Code (or other applicable federal statue) may permit the charging of a higher rate of interest than applicable state law, in which event such applicable federal statute, as amended and supplemented from time to time shall govern and control the maximum rate of interest permitted to be charged hereunder; it being intended that, as to the maximum rate of interest which may be charged, received, and collected hereunder, those applicable statutes and laws, whether state or federal, from time to time in effect, which permit the charging of a higher rate of interest, shall govern and control; provided, always, however, that in no event and under no circumstances shall the Maker be liable for the payment of interest in excess of the maximum rate permitted by such applicable law, from time to time in effect.

This Note evidences the same indebtedness as evidenced by the Existing Note. This Note is an amendment to and replacement of the Existing Note. The execution and delivery of this Note does not constitute payment, cancellation, satisfaction, discharge, release or novation of the Existing Note.

(Signature on next page)

 

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The Maker may prepay this Note in whole or in part, prior to maturity, without premium or penalty.

 

	 	
MILLER INDUSTRIES, INC.

	 	 	 
	 	
By: 

	/s/ J. Vincent Mish
	 	Name:	J. Vincent Mish
	 	Title:	Executive Vice President and
	 	 	Chief Financial Officer

STATE OF TENNESSEE

COUNTY OF HAMILTON

 

Personally appeared before me, Nadine L. Hancock, a Notary Public in and for said State and County duly commissioned and qualified, J. Vincent Mish, with whom I am personally acquainted, and who acknowledged that he executed the within instrument for the purposes therein contained, and who further acknowledged that he is the Executive Vice President and Chief Financial Officer of MILLER INDUSTRIES, INC. (the “Maker”) and is authorized by the Maker to execute this instrument on behalf of the Maker.

 

WITNESS my hand, at office, this 30th day of December, 2014.

 

	
 

	 	 	
/s/ Nadine L. Hancock

	
 

	 	 	
Notary Public

	 	 	 	 
	My Commission Expires:	 	 	 
	 	 	 	 
	1/21/18	 	 	 
	 	 	 	 
	(Notary Seal)	 	 	 

 

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APACO, INC.

	 	 	 
	 	
By: 

	/s/ J. Vincent Mish
	 	Name:	J. Vincent Mish
	 	Title:	Vice President

 

STATE OF TENNESSEE

COUNTY OF HAMILTON

 

Personally appeared before me, Nadine L. Hancock, a Notary Public in and for said State and County duly commissioned and qualified, J. Vincent Mish, with whom I am personally acquainted, and who acknowledged that he executed the within instrument for the purposes therein contained, and who further acknowledged that he is the Vice President of APACO, INC. (the “Maker”) and is authorized by the Maker to execute this instrument on behalf of the Maker.

 

WITNESS my hand, at office, this 30th day of December, 2014.

 

	
 

	 	 	
/s/ Nadine L. Hancock

	
 

	 	 	
Notary Public

	 	 	 	 
	My Commission Expires:	 	 	 
	 	 	 	 
	1/21/18	 	 	 
	 	 	 	 
	(Notary Seal)	 	 	 

 

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CENTURY HOLDINGS, INC.

	 	 	 
	 	
By: 

	/s/ J. Vincent Mish
	 	Name:	J. Vincent Mish
	 	Title:	Vice President

STATE OF TENNESSEE

COUNTY OF HAMILTON

 

Personally appeared before me, Nadine L. Hancock, a Notary Public in and for said State and County duly commissioned and qualified, J. Vincent Mish, with whom I am personally acquainted, and who acknowledged that he executed the within instrument for the purposes therein contained, and who further acknowledged that he is the Vice President of CENTURY HOLDINGS, INC. (the “Maker”) and is authorized by the Maker to execute this instrument on behalf of the Maker.

 

WITNESS my hand, at office, this 30th day of December, 2014.

 

	
 

	 	 	
/s/ Nadine L. Hancock

	
 

	 	 	
Notary Public

	 	 	 	 
	My Commission Expires:	 	 	 
	 	 	 	 
	1/21/18	 	 	 
	 	 	 	 
	(Notary Seal)	 	 	 

 

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CHAMPION CARRIER CORPORATION

	 	 	 
	 	
By: 

	/s/ J. Vincent Mish
	 	Name:	J. Vincent Mish
	 	Title:	Vice President

 

STATE OF TENNESSEE

COUNTY OF HAMILTON

 

Personally appeared before me, Nadine L. Hancock, a Notary Public in and for said State and County duly commissioned and qualified, J. Vincent Mish, with whom I am personally acquainted, and who acknowledged that he executed the within instrument for the purposes therein contained, and who further acknowledged that he is the Vice President of CHAMPION CARRIER CORPORATION (the “Maker”) and is authorized by the Maker to execute this instrument on behalf of the Maker.

 

WITNESS my hand, at office, this 30th day of December, 2014.

 

	
 

	 	 	
/s/ Nadine L. Hancock

	
 

	 	 	
Notary Public

	 	 	 	 
	My Commission Expires:	 	 	 
	 	 	 	 
	1/21/18	 	 	 
	 	 	 	 
	(Notary Seal)	 	 	 

 

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CHEVRON, INC.

	 	 	 
	 	
By: 

	/s/ J. Vincent Mish
	 	Name:	J. Vincent Mish
	 	Title:	Vice President

 

STATE OF TENNESSEE

COUNTY OF HAMILTON

 

Personally appeared before me, Nadine L. Hancock, a Notary Public in and for said State and County duly commissioned and qualified, J. Vincent Mish, with whom I am personally acquainted, and who acknowledged that he executed the within instrument for the purposes therein contained, and who further acknowledged that he is the Vice President of CHEVRON, INC. (the “Maker”) and is authorized by the Maker to execute this instrument on behalf of the Maker.

 

WITNESS my hand, at office, this 30th day of December, 2014.

 

	
 

	 	 	
/s/ Nadine L. Hancock

	
 

	 	 	
Notary Public

	 	 	 	 
	My Commission Expires:	 	 	 
	 	 	 	 
	1/21/18	 	 	 
	 	 	 	 
	(Notary Seal)	 	 	 

 

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MILLER FINANCIAL SERVICES GROUP, INC.

	 	 	 
	 	
By: 

	/s/ J. Vincent Mish
	 	Name:	J. Vincent Mish
	 	Title:	Vice President

 

STATE OF TENNESSEE

COUNTY OF HAMILTON

 

Personally appeared before me, Nadine L. Hancock, a Notary Public in and for said State and County duly commissioned and qualified, J. Vincent Mish, with whom I am personally acquainted, and who acknowledged that he executed the within instrument for the purposes therein contained, and who further acknowledged that he is the President of MILLER FINANCIAL SERVICES GROUP, INC. (the “Maker”) and is authorized by the Maker to execute this instrument on behalf of the Maker.

 

WITNESS my hand, at office, this 30th day of December, 2014.

 

	
 

	 	 	
/s/ Nadine L. Hancock

	
 

	 	 	
Notary Public

	 	 	 	 
	My Commission Expires:	 	 	 
	 	 	 	 
	1/21/18	 	 	 
	 	 	 	 
	(Notary Seal)	 	 	 

 

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MILLER/GREENEVILLE, INC.

	 	 	 
	 	
By: 

	/s/ J. Vincent Mish
	 	Name:	J. Vincent Mish
	 	Title:	Vice President

 

STATE OF TENNESSEE

COUNTY OF HAMILTON

 

Personally appeared before me, Nadine L. Hancock, a Notary Public in and for said State and County duly commissioned and qualified, J. Vincent Mish, with whom I am personally acquainted, and who acknowledged that he executed the within instrument for the purposes therein contained, and who further acknowledged that he is the Vice President of MILLER/GREENEVILLE, INC. (the “Maker”) and is authorized by the Maker to execute this instrument on behalf of the Maker.

 

WITNESS my hand, at office, this 30th day of December, 2014.

 

	
 

	 	 	
/s/ Nadine L. Hancock

	
 

	 	 	
Notary Public

	 	 	 	 
	My Commission Expires:	 	 	 
	 	 	 	 
	1/21/18	 	 	 
	 	 	 	 
	(Notary Seal)	 	 	 

 

    	11

    	 

    
 

 

	 	

MILLER INDUSTRIES INTERNATIONAL, INC.

	 	 	 
	 	
By: 

	/s/ J. Vincent Mish
	 	Name:	J. Vincent Mish
	 	Title:	Vice President

STATE OF TENNESSEE

COUNTY OF HAMILTON

 

Personally appeared before me, Nadine L. Hancock, a Notary Public in and for said State and County duly commissioned and qualified, J. Vincent Mish, with whom I am personally acquainted, and who acknowledged that he executed the within instrument for the purposes therein contained, and who further acknowledged that he is the Vice President of MILLER INDUSTRIES INTERNATIONAL, INC. (the “Maker”) and is authorized by the Maker to execute this instrument on behalf of the Maker.

 

WITNESS my hand, at office, this 30th day of December, 2014.

 

	
 

	 	 	
/s/ Nadine L. Hancock

	
 

	 	 	
Notary Public

	 	 	 	 
	My Commission Expires:	 	 	 
	 	 	 	 
	1/21/18	 	 	 
	 	 	 	 
	(Notary Seal)	 	 	 

 

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MILLER INDUSTRIES TOWING EQUIPMENT INC.

	 	 	 
	 	
By: 

	/s/ J. Vincent Mish
	 	Name:	J. Vincent Mish
	 	Title:	Vice President

STATE OF TENNESSEE

COUNTY OF HAMILTON

 

Personally appeared before me, Nadine L. Hancock, a Notary Public in and for said State and County duly commissioned and qualified, J. Vincent Mish, with whom I am personally acquainted, and who acknowledged that he executed the within instrument for the purposes therein contained, and who further acknowledged that he is the Vice President of MILLER INDUSTRIES TOWING EQUIPMENT INC. (the “Maker”) and is authorized by the Maker to execute this instrument on behalf of the Maker.

 

WITNESS my hand, at office, this 30th day of December, 2014.

 

	
 

	 	 	
/s/ Nadine L. Hancock

	
 

	 	 	
Notary Public

	 	 	 	 
	My Commission Expires:	 	 	 
	 	 	 	 
	1/21/18	 	 	 
	 	 	 	 
	(Notary Seal)	 	 	 

 

    	13Exhibit 4.1

 

	 	 
	 	*150101*

 

	 	
        ROSS MILLER

        Secretary of State

        204 North Carson Street,
        Suite 1

        Carson City, Nevada 89701-4520

        (775) 684-5708

        Website: www.nvsos.gov

 

	Certificate of Designation	 
	(PURSUANT TO NRS 78.1955)	 

 

	USE BLACK INK ONLY - DO
    NOT     HIGHLIGHT	 	ABOVE SPACE IS FOR OFFICE USE ONLY

 

	Certificate of Designation For 
	Nevada
    Profit Corporations
	(Pursuant to NRS 78.1955)

 

1. Name of corporation:

Bling Marketing, Inc.

 

2. By resolution of the board of directors pursuant to a provision
in the articles of incorporation this certificate establishes the following regarding the voting powers, designations, preferences,
limitations, restrictions and relative rights of the following class or series of stock.

 

Certificate of Designation, Powers, Preferences and Rights of
the Series A Preferred Stock of Bling Marketing, Inc. shall be as attached.

 

3. Effective date of filing: (optional)

 

	 	(must not be later than 90
    days after the certificate is filed)

 

4. Signature: (required)

 

	X /s/ Dena Kurland	 
	Signature of Officer	 

 

Filing Fee: $175.00

 

IMPORTANT: Failure to include any
of the above information and submit with the proper fees may cause this filing to be rejected.

 

	This form must be accompanied by appropriate fees.	Nevada Secretary of State Stock Designation
	 	Revised: 3-6-09

 

    	 

    	 

    

  

CERTIFICATE
OF DESIGNATION, POWERS,

PREFERENCES
AND RIGHTS

OF

SERIES
A PREFERRED STOCK

OF

 

BLING
MARKETING, INC.

 

a Nevada corporation

 

Pursuant
to Section 78.1955 of the Nevada Revised Statutes, the undersigned, Dena Kurland, being the Chief Executive Officer of Bling Marketing,
Inc. (the “Corporation”),
a corporation organized and existing under the Nevada Revised Statutes, DOES HEREBY CERTIFY that the following resolution
was duly adopted by the Board of Directors of the Corporation (the “Board
of Directors”) by unanimous written consent:

 

RESOLVED,
that, pursuant to the authority expressly granted to and vested in the Board of Directors by the provisions of the Corporation’s
Amended Articles of Incorporation (the “Articles”),
the Board of Directors hereby creates a series of the preferred stock of this Corporation (the “Series
A Preferred Stock”), which Series A Preferred Stock (a) shall be designated “Series A Convertible
Preferred Stock”, (b) shall have a par value equal to $.0001, (c) shall consist of twenty five million (25,000,000) authorized
shares and (d) shall have the following powers, designations, preferences and relative, participating, optional and other rights,
qualifications, limitations, or restrictions (in addition to those provisions set forth in the Articles which are applicable to
the Series A Preferred Stock):

 

1.           Dividends.
The Series A Preferred Stock is entitled to receive payment of dividends before any payment of dividends is made
on common stock out of any assets at the time legally available therefor.

 

2.           Liquidation
Rights. The Series A Preferred shall participate with the Common Stock on any liquidation as if the Series A Preferred
Stock had been converted into Common Stock at the then applicable Conversion Rate as hereinafter defined.

 

3.           Conversion.
The holders of the Series A Preferred Stock shall have conversion rights as follows (the “Conversion
Rights”):

 

a.           Optional
Conversion. 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 shares at the office of the Corporation or any transfer agent for the Series A Preferred
Stock, into one share of Common Stock $0.0001 par value per share (“Common Stock”), subject to adjustment as hereinafter
set forth. The number of securities into which each share of Series A Preferred Stock may be converted is hereinafter referred
to as “Conversion Rate” upon any decrease or increase in the “Conversion Price” as herein described, the
Conversion Rate shall be increased or decreased as appropriate. The initial “Conversion Price” shall equal $1.00 per
share for the Series A Preferred Stock.

 

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b.            Mechanics
of Conversion. No fractional shares shall be issued upon conversion of Series A Preferred Stock. In lieu of any fractional
shares to which the holder would otherwise be entitled, the Corporation shall round up to the next whole share. Before any holder
of Series A Preferred Stock shall be entitled to convert the same, and to receive certificates therefor, he shall either (i) surrender
the certificate or certificates therefor, duly endorsed, at the office of the Corporation or of any transfer agent for the Series
A Preferred Stock or (ii) notify the Corporation or its transfer agent that such certificates have been lost, stolen or destroyed
and execute an agreement satisfactory to the Corporation to indemnify the Corporation from any loss incurred by it in connection
with such certificates, and shall give written notice to the Corporation at such office that he elects to convert the same.

 

The
Corporation shall, as soon as practicable after such delivery, or after such agreement and indemnification, issue and deliver at
such office to such holder of Series A Preferred Stock, a certificate or certificates for the number of shares to which he shall
be entitled as aforesaid. Such conversion shall be deemed to have been made immediately prior to the close of business on the date
of such surrender of the shares of Series A Preferred Stock to be converted, and the person or persons entitled to receive the
shares issuable upon such conversion shall be treated for all purposes as the record holder or holders of such shares on such date.

 

c.            Adjustments
to Conversion Price for Diluting Issues.

 

i.            Special
Definition. For purposes of this Section 3.c., “Additional
Shares of Common” shall mean all shares of Common Stock issued (or, pursuant to Section 3.c.ii.,
deemed to be issued) by the Corporation after the filing of this Certificate of Designation, other than issuances or deemed issuances
of:

 

(1)         securities
issued upon the conversion of Series A Preferred Stock;

 

(2)         shares
of Common Stock and options, warrants or other rights to purchase Common Stock issued to employees, officers or directors of, or
consultants or advisors to the Corporation or any subsidiary in accordance with plans approved by the Board of Directors not to
exceed 15% of the total number of shares of Common Stock outstanding on the date this Certificate of Designations is filed with
the Secretary of State of Nevada;

 

(3)         all
shares of Common Stock issued and outstanding on the date hereof, and all warrants to purchase Common Stock (and Common Stock issuable
upon exercise of such warrants) granted as of the date hereof;

 

(4)         securities
issued or issuable as a dividend or distribution on the Series A Preferred Stock or pursuant to any event for which adjustment
is made pursuant to paragraph 3.e. or 3.f. hereof;

 

(5)         shares
of Common Stock issued or issuable to banks, equipment lessors or other financial institutions pursuant to a debt financing or
commercial leasing transaction approved by the Board of Directors;

 

(6)         shares
of Common Stock issued or issuable pursuant to the acquisition of another corporation by the Corporation by merger, purchase of
substantially all of the assets or other reorganization or to a joint venture agreement, provided, that such issuances are approved
by the Board of Directors; or

 

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(7)         shares
of Common Stock that are otherwise excluded from the definition of Additional Shares of Common by the vote or written consent of
holders of a majority in interest of the Series A Preferred Stock.

 

ii.          Deemed
Issue of Additional Shares of Common. In the event the Corporation at any time or from time to time after the Issue
Date shall issue any options (the “Options”) or convertible securities (the “Convertible Securities”) or
shall fix a record date for the determination of holders of any class of securities entitled to receive any such Options or Convertible
Securities, then the maximum number of shares (as set forth in the instrument relating thereto without regard to any provisions
contained therein for a subsequent adjustment of such number) of Common Stock issuable upon the exercise of such Options or, in
the case of Convertible Securities, the conversion or exchange of such Convertible Securities or, in the case of Options for Convertible
Securities, the exercise of such Options and the conversion or exchange of the underlying securities, shall be deemed to have been
issued as of the time of such issue or, in case such a record date shall have been fixed, as of the close of business on such record
date, provided that in any such case in which shares are deemed to be issued:

 

(1)          if
such Options or Convertible Securities by their terms provide, with the passage of time or otherwise, for any change in the consideration
payable to the Corporation or in the number of shares of Common Stock issuable upon the exercise, conversion or exchange thereof
(other than a change pursuant to the anti-dilution provisions of such Options or Convertible Securities such as this Section 3.d.
or pursuant to Recapitalization provisions of such Options or Convertible Securities such as Sections 3.e. or 3.f. hereof), the
Conversion Price of the Series A Preferred Stock and any subsequent adjustments based thereon shall be recomputed to reflect such
change as if such change had been in effect as of the original issue thereof (or upon the occurrence of the record date with respect
thereto);

 

(2)          upon
the expiration of any such Options or any rights of conversion or exchange under such Convertible Securities which shall not have
been exercised, the Conversion Price of the Series A Preferred Stock computed upon the original issue thereof (or upon the occurrence
of a record date with respect thereto) and any subsequent adjustments based thereon shall, upon such expiration, be recomputed
as if:

 

(a)          in
the case of Convertible Securities or Options for Common Stock, if any, actually issued upon the exercise of such Options or the
conversion or exchange of such Convertible Securities and the consideration received therefor was the consideration actually received
by the Corporation for the issue of such exercised Options plus the consideration actually received by the Corporation upon such
exercise or for the issue of all such Convertible Securities which were actually converted or exchanged, plus the additional consideration,
if any, actually received by the Corporation upon such conversion or exchange, and

 

(b)          in
the case of Options for Convertible Securities, only the Convertible Securities, if any, actually issued upon the exercise thereof
were issued at the time of issue of such Options, and the consideration received by the Corporation deemed to have been then issued
was the consideration actually received by the Corporation for the issue of such exercised Options, plus the consideration deemed
to have been received by the Corporation (determined pursuant to Section 6.d.iv. upon the issue of the Convertible Securities with
respect to which such Options were actually exercised; and

 

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(3)         if
such record date shall have been fixed and such Options or Convertible Securities are not issued on the date fixed therefor, the
adjustment previously made in the Conversion Price which became effective on such record date shall be canceled as of the close
of business on such record date, and thereafter the Conversion Price shall be adjusted pursuant to this Section 6.d.ii. as of the
actual date of their issuance.

 

iii.          Adjustment
of Conversion Price Upon Issuance of Additional Shares
of Common Stock. In the event this Corporation shall issue Additional Shares of Common Stock (including Additional Shares
of Common Stock deemed to be issued pursuant to Section 3(ii)) without consideration or for a consideration per share less than
the Conversion Price in effect on the date of and immediately prior to such issue, then, the Conversion Price shall be reduced,
concurrently with such issue, to the consideration per share received by the Corporation for such Additional Shares of Common Stock.
Notwithstanding the foregoing, the Conversion Price shall not be reduced at such time if the amount of such reduction would be
less than $0.01, but any such amount shall be carried forward, and a reduction will be made with respect to such amount at the
time of, and together with, any subsequent reduction which, together with such amount and any other amounts so carried forward,
equal $0.01 or more in the aggregate.

 

iv.          Determination
of Consideration. For purposes of this Section 3.C., the consideration received by the Corporation for the issue (or
deemed issue) of any Additional Shares of Common shall be computed as follows:

 

(1)         Cash
and Property. Such consideration shall:

 

(a)          insofar
as it consists of cash, be computed at the price paid for such securities and received by the Corporation before deducting any
reasonable discounts, commissions or other expenses allowed, paid or incurred by the Corporation for any underwriting or otherwise
in connection with such issuance;

 

(b)          insofar
as it consists of property other than cash, be computed at the fair market value thereof at the time of such issue, as determined
in good faith by the Board of Directors; and

 

(2)         Options
and Convertible Securities. The consideration per share received by the Corporation for Additional Shares of Common
deemed to have been issued pursuant to Section 6.d.ii. shall be determined by dividing:

 

(a)          the
total amount, if any, received or receivable by the Corporation as consideration for the issue of such Options or Convertible Securities,
plus the minimum aggregate amount of additional consideration (as set forth in the instruments relating thereto, without regard
to any provision contained therein for a subsequent adjustment of such consideration) payable to the Corporation upon the exercise
of such Options or the conversion or exchange of such Convertible Securities, or in the case of Options for Convertible Securities,
the exercise of such Options for Convertible Securities and the conversion or exchange of such Convertible Securities; by

 

    	4

    	 

    

 

(b)          the
maximum number of shares of Common Stock (as set forth in the instruments relating thereto, without regard to any provision contained
therein for a subsequent adjustment of such number) issuable upon the exercise of such Options or the conversion or exchange of
such Convertible Securities.

 

d.           Adjustments
for Subdivisions or Combinations of Common Stock. In the event the outstanding shares of Common Stock shall be subdivided
(by stock split, by payment of a stock dividend or otherwise), into a greater number of shares of Common Stock, the Conversion
Price in effect immediately prior to such subdivision shall, concurrently with the effectiveness of such subdivision, be proportionately
decreased. In the event the outstanding shares of Common Stock shall be combined (by reclassification or otherwise) into a lesser
number of shares of Common Stock, the Conversion Price in effect immediately prior to such combination shall, concurrently with
the effectiveness of such combination, be proportionately increased.

 

e.           Adjustments
for Subdivisions or Combinations of Preferred Stock. In the event the outstanding shares of Series A Preferred Stock
shall be subdivided (by stock split, by payment of a stock dividend or otherwise), into a greater number of shares of Series A
Preferred Stock, the voting rights of Series A Preferred Stock that are set forth in Section 4 below shall be in effect immediately
prior to such subdivision and shall, concurrently with the effectiveness of such subdivision, be proportionately decreased. In
the event the outstanding shares of Series A Preferred Stock shall be combined (by reclassification or otherwise) into a lesser
number of shares of Series A Preferred Stock, the voting rights of Series A Preferred Stock that are set forth in Section 4 below
in effect immediately prior to such combination and shall, concurrently with the effectiveness of such combination, be proportionately
increased.

 

f.            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 then
outstanding shares of the Series A Preferred Stock; and if at any time the number of authorized but unissued shares of Common Stock
shall not be sufficient to effect the conversion of all then outstanding shares of the Series A Preferred Stock, the Corporation
will 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.

 

g.           No
Impairment. The Corporation will not through any reorganization, transfer of assets, merger, dissolution 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.

 

    	5

    	 

    

 

4.           Voting.

 

a.           No
Separate Class Voting. Except as otherwise expressly provided herein or as required by law, the holders of Series A
Preferred Stock and the holders of Common Stock shall vote together and not as separate classes.

 

b.           Preferred
Stock. Each holder of Series A Preferred Stock shall be entitled to three times the number of votes equal to the number
of shares of Common Stock into which the shares of Series A Preferred Stock held by such holder could be converted as of the record
date. The holders of shares of the Series A Preferred Stock shall be entitled to vote on all matters on which the Common Stock
shall be entitled to vote. Holders of Series A Preferred Stock shall be entitled to notice of any stockholders’ meeting in
accordance with the Bylaws of the Corporation. Fractional votes shall not, however, be permitted and any fractional voting rights
resulting from the above formula (after aggregating all shares into which shares of Series A Preferred Stock held by each holder
could be converted), shall be disregarded.

 

c.           Election
of Directors. So long as there are a minimum of 958,860 shares of Series A Preferred Stock outstanding, the holders
of record of the shares of Series A Preferred Stock, exclusively and as a separate class, shall be entitled to elect a majority
of the directors serving on the Board of the Corporation (the “Series
A Directors”). The Series A Directors may be removed without cause by, and only by, the affirmative vote of the
holders of the Series A Preferred Stock, given either at a special meeting of the holders of the Series A Preferred Stock duly
called for that purpose or pursuant to a written consent of the holders of the Series A Preferred Stock. If the holders of the
Series A Preferred Stock fail to elect the Series A Directors, then such directorship not so filled shall remain vacant until such
time as the holders of the Series A Preferred Stock elect a person to fill such directorship by vote or written consent in lieu
of a meeting; and no such directorship may be filled by stockholders of the Corporation other than by the holders of the Series
A Preferred Stock, voting exclusively and as a separate class. At such time that there shall be fewer than 958,860 shares of Series
A Preferred Stock issued and outstanding, the right of the holders of the Series A Preferred to elect the Series A Directors under
this Section 4(c)shall be immediately suspended provided that the voting rights accorded to each share of Series A Preferred Stock
in Section 4(b) shall remain in effect. At any meeting of the holders of the Series A Preferred Stock held for the purpose of electing
a Series A Director, the presence in person or by proxy of the holders of a majority of the outstanding shares of Series A Preferred
Stock shall constitute a quorum for the purpose of electing such Series A Director. Except as otherwise provided in this Section
4(c), a vacancy in the directorship of the Series A Director shall be filled only by vote or written consent in lieu of a meeting
of the holders of the Series A Preferred Stock pursuant to this Section 4(c).

 

5.           Amendments
and Changes. As long as any of the Series A Preferred Stock shall be issued and outstanding, the Corporation shall
not, without first obtaining the approval (by vote or written consent as provided by law) of the holders of more than 50% of the
outstanding shares of the Series A Preferred Stock:

 

a.           amend,
alter or repeal any provision of the Articles or the Bylaws of the Corporation (including pursuant to a merger) if such action
would adversely alter the rights, preferences, privileges or powers of, or restrictions provided for the benefit of the Series
A Preferred Stock;

 

    	6

    	 

    

 

b.           increase
or decrease (other than for decreases resulting from conversion of the Series A Preferred Stock) the authorized number of shares
of Series A Preferred Stock;

 

c.           authorize
or create (by reclassification, merger or otherwise) any new class or series of shares having rights, preferences or privileges
with respect to dividends or payments upon liquidation senior to or on a parity with Series A Preferred Stock or having voting
rights other than those granted to the Series A Preferred Stock generally;

 

d.           enter
into any transaction or series of related transactions deemed to be a liquidation, dissolution or winding up of the Corporation;

 

e.           authorize
a merger, acquisition or sale of substantially all of the assets of the Corporation or any of its subsidiaries (other than a merger
exclusively to effect a change of domicile of the Corporation);

 

f.            voluntarily
liquidate or dissolve;

 

g.           except
in the ordinary course of business, borrow any money, or otherwise incur any indebtedness; or

 

h.           amend
this Section 5.

 

6.           Reissuance
of Preferred Stock. In the event that any shares of Series A Preferred Stock shall be converted pursuant to Section3
or otherwise repurchased by the Corporation, the shares so converted or repurchased shall be cancelled and shall not be issuable
by this Corporation.

 

7.           Notices.
Any notice required by the provisions of this Certificate of Designation to be given to the holders of Series A Preferred
Stock shall be deemed given if deposited in the United States mail, postage prepaid, and addressed to each holder of record at
such holder’s address appearing on the books of the Corporation.

 

8.           Headings
of Sections. The headings of the various sections hereof are for convenience of reference only and shall not
affect the interpretation of any of the provisions hereof.

 

9.           Severability
of Provisions.  If any power, preference, right, qualification,
limitation or restriction of the Series A Preferred Stock set forth in this Certificate of Designation (as it may be amended from
time to time) is invalid, unlawful or incapable of being enforced by reason of any rule of law or public policy, all other powers,
preferences, rights, qualifications, limitations and restrictions set forth in this Certificate of Designation (as so amended)
which can be given effect without the invalid, unlawful or unenforceable power, preference, right, qualification, limitation or
restriction shall, nevertheless, remain in full force and effect, and no power, preference, right, qualification, limitation or
restriction herein set forth shall be deemed dependent upon any other such power, preference, right, qualification, limitation
or restriction unless so expressed herein.

 

    	7

    	 

    

  

IN
WITNESS WHEREOF, the undersigned has subscribed this document on the date set forth below and does hereby affirm, under the penalty
of perjury, that the statements contained therein have been examined by him and are true and correct.

 

	Dated: December 24, 2014	BLING MARKETING, INC
	 	a Nevada corporation
	 	 
	 	By	/s/ Dena Kurland
	 	Name:	Dena Kurland
	 	Title:	Chief Executive Officer

 

    	8

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