Document:

PROMISSORY
NOTE ("NOTE") - 10%
SIMPLE INTEREST

 

 

	$	6000	12/3/2019

 

For
VALUE RECENED, Pine
Hills, Inc. ("Borrower")
promises to
pay to BST Partners
("Lender") the principal
sum of $6000 with accrued simple interest at the rate of 10%
percent per annum on the balance.
Toe said principal
and accrued interest shall be
payable in lawful
money of the United States
of America on
December 3,
2020. This Note may be
prepaid in whole or
in part at
any time without premium or penalty. The Borrower hereby waives any notice of
the transfer of this Note by
the Lender or by any subsequent holder of this
Note, agrees to remain bound
by the
terms of this
Note subsequent to any transfer,
and agrees that
the terms of
this Note may be fully enforced
by any subsequent holder of
this Note.
All terms
and conditions of this Note shall
be interpreted under
the laws of the state of California and venue shall be
the state of California.

 

 

Pine
Hills, Inc. - Borrower

 

/s/Heather
Cassady

Chief
Executive Officer

 

 

Accepted
By:

BST
Partners Inc.

/s/David
Koos

David
R. Koos Chairman & CEOPROMISSORY
NOTE ("NOTE")
- 10%
SIMPLE INTEREST

 

 

	$	2,039.48	12/12/2019

 

 

For
VALUE RECEIVED,
Pine Hills, Inc. ("Borrower'')
promises to pay to
BST Partners
("Lender'') the principal
sum of $2,039.48
with accrued simple interest
at the rate of 10% percent per annum on the balance. The
said principal and accrued interest
shall be payable
in lawful
money of the United States of
America on December 12, 2020.
This Note
may be
prepaid in
whole
or in
part at any time
without premium or penalty. The
Borrower hereby waives any notice
of the transfer
of this Note by the Lender
or by any subsequent holder of
this Note, agrees to
remain
bound by the
terms of this Note subsequent
to any
transfer, and
agrees that the terms
of this Note may be
fully enforced
by any subsequent holder
of this Note. All terms and
conditions of this Note shall
be interpreted
under the laws
of the state of California and
venue shall be the state of California.

 

 

Pine
Hills, Inc.
- Borrower

/s/Heather
Cassady

Chief
Executive Officer

 

 

Accepted
By:

BST
Partners Lender

 

/s/David
R. Koos

David
R. Koos Chairman & CEOPROMISSORY
NOTE ("NOTE")
- 10% SIMPLE INTEREST

 

 

	$	600	12/23/2019

For
VALUE RECEIVED,
Pine
Hills,
Inc. ("Borrower") promises
to pay
to BST Partners ("Lender")
the principal
sum of $600 with
accrued simple
interest at
the rate of
10% percent per
annum on the balance.
The said principal
and accrued interest shall be
payable in lawful
money of the
United States
of America on December 23, 2020.
This
Note may be prepaid in
whole or in part at
any time
without premium or penalty.
The Borrower
hereby waives any notice of the
transfer of this
Note by the Lender or
by any
subsequent holder of this
Note, agrees
to remain
bound by the
terms or this Note subsequent
to any transfer,
and agrees that the terms of
this Note may be fully enforced by any
subsequent
holder
of this Note.
All terms and conditions of this
Note shall
be interpreted
under the laws
of the state
of California
and venue
shall be the
state of California.

 

 

Pine
Hills, Inc. - Borrower

 

/s/Heather
Cassady

Chief
Executive Officer

 

 

Accepted
By:

/s/David
R. Koos

David
R. Koos
Chairman & CEOPROMISSORY
NOTE (“NOTE”) - 10% SIMPLE INTEREST

 

	$	1,236	01/29/2020

 

 

For
VALUE RECEIVED, Bio Matrix Scientific Group, Inc. (“Borrower”) promises to pay to BST Partners (“Lender”)
the principal sum of One Thousand Two Hundred Thirty Six Dollars [$1236.00] with accrued simple interest at the rate of 10% percent
per annum on the balance. The said principal and accrued interest shall be payable in lawful money of the United States of America
on January 29, 2021. This Note may be prepaid in whole or in part at any time without premium or penalty. The Borrower hereby
waives any notice of the transfer of this Note by the Lender or by any subsequent holder of this Note, agrees to remain bound
by the terms of this Note subsequent to any transfer, and agrees that the terms of this Note may be fully enforced by any subsequent
holder of this Note. All terms and conditions of this Note shall be interpreted under the laws of the state of California and
venue shall be the state of California.

 

 

Borrower

 

By:/s/Timothy
Foat

Its:Chief
Executive Officer

 

Accepted
By:

 

Lender

 

By:David
R. Koos

Its:
Chairman and CEOhubg-ex41_281.htm

EXHIBIT 4.1

 

Description of the Company’s Common Stock Registered

Under Section 12 of the Securities Exchange Act of 1934

 

The following summary of the Class A Common Stock (par value $0.01 per share) of Hub Group, Inc. (“Hub Group” or the “Company”) is based on and qualified by the Company’s Certificate of Incorporation (the “Certificate”) and Amended and Restated Bylaws, as amended (the “Amended Bylaws”). For a complete description of the terms and provisions of the Company’s equity securities, including its Common Stock, refer to the Certificate of Incorporation and Amended Bylaws, each of which is filed or incorporated by reference as an exhibit to this Annual Report on Form 10-K.

 

Hub Group’s Certificate of Incorporation authorizes the issuance of 97,337,700 shares of Class A Common Stock (“Class A Common Stock”), 662,300 shares of Class B Common Stock (“Class B Common Stock”) and 2,000,000 shares of preferred stock (“Preferred Stock”), all with a par value of $0.01 per share.  

 

Voting Rights.    The holders of Class A Common Stock have one vote per share and the holders of the Class B Common Stock have 20 votes per share. Except as otherwise required by law, the holders of the Class A Common Stock and the Class B Common Stock vote together as a single class with respect to all matters submitted for a vote of stockholders. Shares of Class A Common Stock and Class B Common Stock do not have cumulative voting rights.

 

Dividend Rights.    Each share of Class A Common Stock and Class B Common Stock is entitled to dividends if, as and when dividends are declared by the Company’s Board of Directors (“Board”). Any dividend declared and payable in cash, our capital stock (other than Class A Common Stock or Class B Common Stock) or other property must be paid equally on a share-for-share basis on Class A Common Stock and Class B Common Stock. Dividends and distributions payable in shares of Class A Common Stock may be paid only on shares of Class A Common Stock, and dividends and distributions payable in shares of Class B Common Stock may be paid only on shares of Class B Common Stock. If a dividend or distribution payable in Class A Common Stock is made on Class A Common Stock, the number of votes per share to which the holders of Class B Common Stock are entitled will be adjusted in order to keep the voting power of the Class B Common Stock consistent with the voting power of the Class B Common Stock prior to the dividend or distribution of shares of Class A Common Stock. If a dividend or distribution payable in Class B Common Stock is made on Class B Common Stock, a simultaneous and equivalent dividend or distribution in Class A Common Stock must be made on Class A Common Stock.

 

Conversion Rights.    The Class A Common Stock is not convertible. Each share of Class B Common Stock is convertible into one share of Class A Common Stock at any time at the option of and without cost to the holder thereof. In addition, the Class B Common Stock automatically converts on a share-for-share basis into a Class A Common Stock in the event of certain transfers of the Class B Common Stock.

 

 

 

Liquidation Rights.    The holders of the Class A Common Stock and the holders of the Class B Common Stock are entitled to participate equally on a share-for-share basis in all distributions to the holders of Common Stock in any liquidation, distribution or winding up of Hub Group, subject to the rights of the holders of any class or series of Preferred Stock. If a dividend or distribution payable in Class A Common Stock is made on the Class A Common Stock, the liquidation preference on the Class B Common Stock will be adjusted proportionately.

 

Preemptive Rights.    Neither the holders of Class A Common Stock nor the holders of Class B Common Stock have preemptive rights to purchase shares of any class of our capital stock.

 

Redemption and Sinking Fund Privileges.    Neither the holders of the Class A Common Stock nor the holders of the Class B Common Stock have any redemption or sinking fund privileges.

 

Other Terms.    Upon any subdivision, consolidation, reclassification or other change in the Class A Common Stock, the Class B Common Stock will be adjusted proportionately such that the Class B Common Stock retains the same relative voting power as prior to the subdivision, consolidation, reclassification or other change. The Class B Common Stock may not be subdivided, consolidated, reclassified or otherwise changed unless contemporaneously therewith the Class A Common Stock is subdivided, consolidated, reclassified or otherwise changed in the same proportion and in the same manner.

 

In any merger, consolidation or business combination, the consideration to be received per share by holders of either Class A Common Stock or Class B Common Stock must be identical to that received by holders of the other class of Common Stock, except that in any such transaction in which shares of capital stock are distributed, such shares may differ as to voting rights only to the extent that voting rights now differ between Class A Common Stock and Class B Common Stock.

 

Issuance of Preferred Stock. Hub Group’s Preferred Stock is issuable at any time, and from time to time, in such amounts and series and bearing such voting, dividend, conversion, liquidation and other rights and preferences as the Board may determine.  The Preferred Stock could be issued for any lawful corporate purpose without further action by the shareholders.  The issuance of any Preferred Stock having conversion rights could have the effect of diluting the interests of the other shareholders.  Shares of Preferred Stock also could be issued with such rights, privileges and preferences as would deter a tender or exchange offer or to discourage the acquisition of control of the Company.  

 

 

Provisions in Hub Group’s Certificate of Incorporation.  Hub Group’s Certificate of Incorporation contain certain other provisions that could impede or delay a change in control of the Company, including:

 

	
 
	
•
	
Until such time as sufficient shares of Class B Common Stock are converted to shares of Class A Common Stock or we issue sufficient shares of Class A Common Stock to dilute the voting power of the holders of the Class B Common Stock, the holders of Class B Common Stock will have the power to defeat any attempt to acquire control of Hub Group 

	
 
		
even though such a change in control may be favored by stockholders holding substantially more than a majority of our outstanding shares of Class A Common Stock. This may have the effect of precluding holders of Class A Common Stock from receiving any premium above market price for their shares which may be offered in connection with any such attempt to acquire control. The holders of Class B Common Stock will also generally have the power to effect certain fundamental corporate changes, such as a sale of substantially all of our assets, a merger involving us, or an amendment to our certificate of incorporation that does not directly affect the rights of holders of Class A Common Stock, without the approval of holders of Class A Common Stock. The holders of the Class B Common Stock have agreed to vote their shares of Class B Common Stock in accordance with the vote of the holders of a majority of such shares.

 

	
 
	
•
	
A provision that allows directors, in determining whether to take or refrain from taking corporate action on any matter, including proposing any matter to the stockholders of the Corporation, to take into account the long-term as well as short-term interests of the Company and its stockholders (including the possibility that these interests may be best served by the continued independence of the Company), employees, customers, and other constituencies of the Company, including the effect upon communities in which the Company does business; 

 

	
 
	
•
	
a provision that amendments to certain portions of Hub Group’s Certificate of Incorporation must be approved by a two-thirds of the votes that could be cast by the holders of all shares of the Company’s capital stock entitled to vote; and

 

	
 
	
•
	
a provision that any special meeting of shareholders may be called only by the Hub Group’s chairman, chief executive officer, president, Board or the holders of a majority of the votes that could be cast by holders of all shares of capital stock of the Company.

 

Provisions in Hub Group’s Amended Bylaws.  Hub Group’s Amended Bylaws contain certain provisions that could impede or delay a change in control of the Company, including:

 

	
 
	
•
	
a provision that amendments to certain portions of Hub Group’s Amended Bylaws must be approved by a holders of shares having 80% of the votes that could be cast by the holders of all shares of the Company’s capital stock entitled to vote; and

 

	
 
	
•
	
a provision establishing certain advance notice procedures for matters (including the nomination of directors) to be considered at an annual meeting of Hub Group’s shareholders.

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00305-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00305-of-00352.parquet"}], [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00305-of-00352.parquet"}], [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00305-of-00352.parquet"}], [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00305-of-00352.parquet"}]]