Document:

exhibit4_1.htm

    
      

      

    

    
 

    
      

      

    

    
 

    STATE
OF DELAWARE

    DESIGNATION
OF RIGHTS AND PREFERENCES

    OF
SERIES F  PREFERRED STOCK OF

    PLATINA
ENERGY GROUP, INC.

    

    

    Pursuant to Section 151 of the Delaware
Corporation Law and Article V, Section 1 of the Articles of Incorporation the
Board of Directors of Platina, Inc. (the “Corporation”) has designated a portion
of its 20,000,000 authorized Preferred Shares of Stock as Series F Preferred
Stock as follows:

    

    1.           Designation and Initial
Number.  The class of shares of preferred stock hereby
classified shall be designated the “Series F Convertible Preferred Stock”
(hereinafter referred to as the “Series F Stock”).  The initial number
of authorized shares of the Series F Stock shall be 100,000.

     

    2.           Liquidation
Rights.  In the event of the Corporation’s involuntary
liquidation, dissolution or winding up, the holders of shares of Series F Stock
will be entitled to receive out of assets of the Corporation available for
distribution to the shareholders, before any distribution of assets is made to
holders of common stock or other stock ranking junior to the Series F Stock,
liquidating distributions in the amount of $0.25 per share plus accrued and
unpaid dividends.  If upon any voluntary or involuntary liquidation,
dissolution or winding up, the amounts payable with respect to the Series F
Stock and any other shares of the Corporation’s stock ranking as to any such
distribution on a parity with the Series F Stock are not paid in full, the
holders of the Series F Stock and of such other shares will share ratably in any
such distribution of the Corporation’s assets in proportion to the full
respective preferential amounts to which they are entitled.  After
payment of the full amount of the liquidating distribution to which they are
entitled, the holders of shares of Series F Stock will be entitled to share in
any further liquidation on a pro-rata basis with any other preferred stock or
common stock.  Such liquidation rights are not triggered by (i) any
consolidation or merger of the Corporation with or into any other corporation,
(ii) any dissolution, liquidation, winding up or reorganization of the
Corporation immediately followed by reincorporation of another corporation or
creation of a partnership, or (iii) a sale or other disposition of all or
substantially all of the Corporation’s assets to another corporation or
partnership, provided that in each case effective provision is made in the
certificate of incorporation of the resulting and surviving corporation or the
articles of partnership, or otherwise, for the protection of the rights of the
holders of Series F Stock.

     

    3.           Conversion
Right.  At any time no earlier than six (6) months from the
date of issuance and no later than one (1) year from the date of
issuance  and at the holder’s discretion, the holder of the Series F
Stock may convert all 100,000 shares of Series F Preferred Stock into the number
of shares of the Corporation’s common stock that would equal a valuation of
$1,440,000 based on the average of the five day trailing closing price of the
Corporation’s common stock, but in no event shall the valuation of the
Corporation’s common stock be less than $.02 per share.. For illustration
purposes only, if the average trailing closing price of the Corporation’s common
stock for the five trading days prior to the election to convert is $.25 per
share, the total number of shares of common stock upon conversion of the 100,000
shares of Series F Stock would equal 5,760,000 shares ($1,440,000 ÷ $.25 =
5,760,000). Fractional shares issuable upon such conversion will be rounded up
to the nearest full share.

     

    
      
         

      

      
         

        
          

        

      

      
         

      

    

    Subject
to adjustment as set forth below, a holder of Series F Stock may convert shares
by surrendering to the Corporation each certificate covering shares to be
converted together with a statement of the name or names in which the shares of
common stock shall be registered upon issuance (the date of such surrender,
being the “Conversion
Date”). Every such notice of election to convert will constitute a
contract between the holder giving such notice and the Corporation whereby such
holder will be deemed to subscribe for the shares of common stock he will be
entitled to receive upon such conversion and, in payment and satisfaction of
such subscription, to surrender the shares of Series F Stock to be converted and
to release the Corporation from all further obligation thereon and whereby the
Corporation will be deemed to accept the surrender of such shares of Series F
Stock in full payment of the shares of common stock so subscribed for and to be
issued upon such conversion.  As promptly as practicable after the
Conversion Date, the Corporation shall issue and deliver to the converting
holder of the Series F Stock a certificate representing the number of shares of
common stock into which the Series F Stock was converted together with
dividends, if any, payable on the Series F Stock so converted as may be declared
and made payable to holders of record of Series F Stock on the record date
immediately preceding the Conversion Date. All 100,000 shares of Series F Stock
must be converted at the same time and no holder of Series F Stock may convert
only a portion of his Series F Stock.

     

    In the
event of the Corporation’s consolidation with or merger into another
corporation, or sale of all or substantially all of the Corporation’s properties
and assets to any other corporation, or in case of the Corporation’s
reorganization, each share of Series F Stock  will become convertible
only into the number of shares of stock or other securities, assets or cash to
which a holder of the number of shares of the Corporation’s common stock
issuable (at the time of such consolidation, merger or reorganization) upon
conversion of such share of Series F Stock would have been entitled upon such
consolidation, merger, sale or reorganization.

     

    4.           Adjustment
of Conversion Rate. If, at any time the Series F Stock of this
Corporation is outstanding, the Corporation increases or decreases the number of
common shares outstanding through a stock split, stock dividend, or similar
action, the conversion rate for the Series F Stock shall be adjusted
accordingly, so as to make each share of Series F Stock convertible into the
same proportionate amount of common stock as it would have been convertible into
without such adjustment of the common stock. Each Series F shareholder shall be
notified in writing of the adjusted conversion rate within thirty (30) days of
such action by the Corporation.

     

    5.           Voting Rights.  The
holders of the Series F Stock are not be entitled to vote, except as set forth
below and as provided by law.  On matters subject to a vote by holders
of the Series F Stock, the holders are entitled to one vote per
share.

     

    Without
the consent of the holders of Series F Stock, the Corporation may issue other
series of preferred stock which are junior to the Series F Stock as to dividends
and liquidation rights.  Without the approval of the holders of at
least a majority of the number of shares of Series F Stock then outstanding,
voting or consenting separately as a class, the Corporation may not amend, alter
or repeal any of the voting rights, designations, preferences or other rights of
the holders of the Series F Stock so as adversely to affect such voting rights,
designations, preferences or other rights.

     

    6.           Reservation of
Shares.  The Corporation shall, so long as any of the Series F
Stock is outstanding, take all action necessary to reserve and keep available
out of its authorized and unissued

     

    
      
         

      

      
         

        
          

        

      

      
         

      

    

    common
stock, solely for the purpose of effecting the conversions of the Series F
Stock, such number of shares of common stock as shall from time to time be
sufficient to effect the conversion of all of the Series F Stock.

     

    7.           No Implied
Limitations.  Except as otherwise provided by express
provisions of this Statement, nothing herein shall limit, by influence or
otherwise, the discretionary right of the Board of Directors to classify and
reclassify and issue any shares of preferred stock and to fix or alter all terms
thereof to the full extent provided in the Articles of Incorporation of the
Corporation.

     

    8.           General
Provisions.  In addition to the above provisions with respect
to the Series F Stock, such Series F Stock shall be subject to and be entitled
to the benefits of, the provisions set forth in the Corporation’s Articles of
Incorporation with respect to preferred stock generally.

     

    The foregoing is approved by the
Corporation’s Board of Directors on March 25, 2008. This Designation of Rights
and Preferences of Series F Preferred Stock may be executed in counterparts, all
of which taken together will be considered a single instrument.

    

    

    
      	
              ALL
      MEMBERS OF THE BOARD OF DIRECTORS OF 

              PLATINA
      ENERGY GROUP, INC.,

              a
      Nevada corporation

            

    

    

     

    
       

    

    

    
      
        
          	
                  Signature

                	 	
                  Title

                	 	
                  Date

                
	 	 	 	 	 
	
                  /s/
      Blair Merriam

                	 	
                  Title: 
      Director, CEO and President

                	 	
                  Date:
      March 25, 2008

                
	
                  Blair
      Merriam

                	 	 	 	 
	 	 	 	 	 
	
                  /s/
      name

                	 	
                  Title: 
      Director, Secretary and VP Bus. Dev.

                	 	
                  Date: 
      March 25, 2008

                
	
                  name

                	 	 	 	 
	 	 	 	 	 
	
                  /s/
      name

                	 	
                  Title: 
      Director

                	 	
                  Date: 
      March 25, 2008

                
	
                  nameexhibit4_2.htm

    
 

    
 

    PLATINA
ENERGY GROUP INC.

    a
Delaware Corporation

    

    WARRANT
CERTIFICATE

    

    WARRANT
NUMBER D - 004NUMBER OF WARRANTS: 500,000

    

    CLASS “D”
WARRANT CERTIFICATE FOR THE PURCHASE OF SHARES

    OF THE
$.001 PAR VALUE COMMON STOCK OF

    PLATINA
ENERGY GROUP, INC.

    

    THE ISSUE
OF THESE WARRANTS HAS NOT BEEN REGISTERED UNDER THE SECURITIES ACT OF 1933, AS
AMENDED (THE “ACT”), OR UNDER THE SECURITIES LAWS OF ANY STATE. THESE SECURITIES
HAVE BEEN ACQUIRED FOR INVESTMENT AND MAY NOT BE TRANSFERRED OR SOLD IN THE
ABSENCE OF AN EFFECTIVE REGISTRATION STATEMENT OR OTHER COMPLIANCE UNDER THE ACT
OR THE LAWS OF THE APPLICABLE STATE OR A “NO ACTION” OR INTERPRETIVE LETTER FROM
THE SECURITIES AND EXCHANGE COMMISSION OR AN OPINION OF COUNSEL REASONABLY
SATISFACTORY TO THE ISSUER, AND ITS COUNSEL, TO THE EFFECT THAT THE SALE OR
TRANSFER OF THESE WARRANTS IS EXEMPT FROM REGISTRATION UNDER THE ACT AND SUCH
STATE STATUTES.

    

    FOR VALUE RECEIVED, Platina Energy
Group, Inc. (the “Company”), a Delaware corporation, hereby certifies that UTEK Corporation, a Delaware
corporation, the registered holder hereof, or registered assigns, (the “Holder”)
subject to the terms and conditions hereinafter set forth and at any time during
the period beginning from the date hereof and ending 5:00 PM MST March 31, 2010,
is entitled to:

    

    1.           Purchase
shares of the Common Stock of the Company for each of the within Warrants
exercised at a price of $.25 per share of such Common Stock (the “Warrant
Price”).

    

    2.           Upon
exercise of these Warrants, the registered Holder hereof shall surrender to the
stock transfer agent of the Company this Warrant Certificate together with the
form of subscription attached hereto and a certified check or bank draft payable
to the order of the Company.

    

    3.           In
the exercise of the Warrants no fractional shares the Common Stock of the
Company shall be issued.

    

    4.           The
Company covenants and agrees that shares of Common Stock which may be delivered
upon the exercise of this Warrant will, upon delivery, be free from all taxes,
liens and charges with respect to the purchase thereof hereunder. This Warrant
shall not be exercised by Holder in any state where such exercise would be
unlawful such as a state in which the Company’s Common Stock is not registered
or qualified as the case requires.

    
      
         

      

      
         

        
          

        

      

      
         

      

    

    5.           The
Company agrees at all times to reserve or hold available a sufficient number of
shares of its Common Stock to cover the number of shares issuable upon the
exercise of this and all other Warrants of like tenor then
outstanding.

    

    6.           This
Warrant does not entitle the Holder to any voting rights or other rights as a
shareholder of the Company, or to any other rights whatsoever except the rights
herein set forth, and no dividend shall be payable to accrue in respect to this
Warrant or the interest represented hereby, or the shares which may be acquired
hereunder, until or unless, and except to the extent that this Warrant shall be
exercised and the Common Stock which may be acquired upon exercise thereof shall
become deliverable.

    

    7.           The
Common Stock underlying the Warrants shall have piggyback registration rights
and the Holder of the Warrants evidenced by this Warrant Certificate may
exercise all or any whole number of such Warrants in the manner stated hereon
from the effective date of such registration to 5:00 PM MST March 31, 2010
unless the period is extended by the Company in its sole
discretion.  Notwithstanding the foregoing, the piggyback registration
rights and the inclusion of such shares in any registration is subject to the
willingness of the managing underwriter(s) to include such shares of common
stock in any registration. Further, in the event that the Company after the date
hereof grants registration rights to any other shareholder on terms and
conditions the holder deems to be more favorable than those granted herein, the
Company agrees ti grant the same terms to the holder.

    

    8.           The
Warrants are redeemable by the Company, at its option, at $0.01 per share of
Common Stock upon 30 days prior written notice to the Holder if there is an
effective registration statement and if the closing bid price or closing selling
price of the Common Stock for 10 consecutive trading days equals $1.00 per share
or more.

    

    9.           At
the election of the Holder, the holder may force the conversion of the Warrants
to shares of common stock upon the following events: (i) if the Company’s common
stock trades at $.50 per share for 20 consecutive trading days then 50% of the
Warrants may be converted and (ii) if the Company’s common stock trades at $.50
per share for 45 consecutive trading days then 100% of the Warrants may be
converted

    

    10.           This
Warrant is exchangeable upon the surrender hereof by the Holder to the Company
for new Warrants of like tenor and date representing in the aggregate the right
to acquire the number of shares which may be acquired hereunder, each of such
new Warrants to represent the right to acquire such number of shares as may be
designated by the registered Holder at the time of such surrender.

    

    11.           The
Company may deem and treat the Holder at any time as the absolute owner hereof
for all purposes and shall not be affected by any notice to the
contrary.

    

    

    [Signature
page to Follow]

    

    
      
         

      

      
         

        
          

        

      

      
         

      

    

    IN WITNESS WHEREOF, the Company has
caused this Warrant to be executed by its duly authorized officer this 24th
day of March, 2008.

    

    

    Platina Energy Group
Inc.,

    a Delaware corporation

    

    

    

    By:   /s/ Blair
Merriam                                                             

            Blair
Merriam, President

    

    ATTEST:

    /s/ Daniel
Thornton

    Daniel
Thornton, Secretary

    

    

    

    

    

    

    

    
      
         

      

      
         

        
          

        

      

      
         

      

    

    ASSIGNMENT
FORM

    (To be
executed by the registered Holder to effect a

    transfer
of the within Warrant)

    

    

    
      	
               
      

            	
              For
      Value Received _____________________________ hereby sells, assigns, and
      transfers unto

            

    

    

    
      	
               
      

            	
              ______________________________________________________________________________

            

    

    
      	
               
      

            	
                           (Please
      print or typewrite name and address, including postal zip code of
      assignee)

            

    

    

    this
Warrant and the rights represented thereby to purchase Common Stock of Platina
Energy Group Inc., in accordance with the terms and conditions thereof, and does
hereby irrevocable constitute and appoint _________________________ attorney to
transfer this Warrant on the books of the Company with full power of
substitution.

    

    Date:
________________                                                                           Signed_______________________________

    

    

    

    

    

    

    

    

    

    

    

    

    

    

    

    

    

    

    

    

    

    

    

    

    

    

    

    

    

    
      
         

      

      
         

        
          

        

      

      
         

      

    

    

    SUBSCRIPTION
FORM

    (To be
executed by the Registered Holder to exercise the rights

    to
purchase Common Stock evidenced by the within Warrant)

    

    

    The undersigned Registered Holder
hereby irrevocably subscribes for ________________ shares of the Common Stock of
Platina Energy Group Inc., pursuant and in accordance with the terms and
conditions of the Warrant Certificate attached hereto and hereby makes payment
of $_____________therefore, and requests that certificate(s) for such shares be
issued in the name of the undersigned and be delivered to the address stated
below, and if such number of shares not be all of the shares purchasable
hereunder, that a new Warrant of like tenor for the balance of the remaining
shares purchasable hereunder be delivered to the undersigned at the address
stated below.

    

    

    Date:
____________                                               Signed
______________________________

    

    

    SIGNATURE(S)
MUST BE GUARANTEED BY A FIRM WHICH IS A MEMBER OF A REGISTERED NATIONAL STOCK
EXCHANGE, OR BY A BANK (OTHER THAN A SAVINGS BANK), OR A TRUST COMPANY. THE
SIGNATURE TO THE ABOVE SUBSCRIPTION FORM MUST CORRESPOND WITH THE NAME AS
WRITTEN UPON THE FACE OF THE WARRANT IN EVERY PARTICULAR WITHOUT ALTERATION OR
ENLARGEMENT, OR ANY CHANGE WHATSOEVER.

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00140-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00140-of-00352.parquet"}]]