Document:

Exhibit

10.74

 

CERTIFICATE OF CORRECTION

FILED TO CORRECT

A CERTAIN ERROR IN THE CERTIFICATE OF

DESIGNATIONS, PREFERENCES AND RIGHTS

OF SERIES F-2 CONVERTIBLE PREFERRED STOCK

OF

VCAMPUS CORPORATION

FILED IN THE OFFICE OF THE SECRETARY OF STATE OF DELAWARE

ON

MAY 8, 2002

 

 

VCampus Corporation, a corporation organized and

existing under and by virtue of the General Corporation Law of the state of

Delaware,

 

DOES HEREBY CERTIFY:

 

1.             The

name of the corporation is VCampus Corporation.

 

2.             That a Certificate of Designations, Preferences and

Rights of Series F-2 Convertible Preferred Stock (the “Certificate of

Designations”) was filed with the Secretary of State of Delaware on May 8,

2002.

 

3.             That said Certificate of Designations was corrected by

filing of a Certificate of Correction to the Certificate of Designations, which

was filed as permitted by Section 103 of the General Corporation Law of the

state of Delaware on July 2, 2002.

 

4.             That said Certificate of Designations, as corrected,

requires further correction as permitted by Section 103 of the General

Corporation Law of the state of Delaware.

 

5.             The inaccuracy or defect of said Certificate of

Designations, and the required correction, is that the provision in Section

4(a) providing that “. . . each holder of Series F-2 Preferred Stock [is]

entitled to one vote for each share of Series F-2 Preferred Stock held by such

holder . . .” should have provided that each holder of Series F-2 Preferred

Stock is entitled to one hundred (100) votes for each share of Series F-2

Preferred Stock held by such holder.

 

6.             Section 4(a) of the Certificate of Designations is

hereby corrected to read as follows:

 

“(a) Except as otherwise

provided by law or by subsection 4(b), the holders of the Series F-2 Preferred

Stock shall be entitled to vote on all matters submitted to the stockholders

for a vote together with the holders of the Common Stock voting together as a

single class, with each holder of Common Stock entitled to one vote for each

share of Common Stock held by such holder and each holder of Series F-2

Preferred Stock entitled to one hundred (100) votes for each share of Series

F-2 Preferred Stock held by such holder on the record date relating to the

matter being voted upon (as ratably adjusted for stock splits, combinations,

consolidations, recapitalizations, reorganizations, reclassifications, stock

distributions, stock dividends or other similar events with respect to the

Common Stock occurring after the Issue Date).”

 

 

IN WITNESS WHEREOF, said VCampus Corporation has

caused this Certificate of Correction to be signed by its authorized

representative, this       day of July 2002.

 

 

	

   

  	

   

  	

   

  	

   

  	

   

  	

  VCAMPUS CORPORATION

  
	

   

  	

   

  	

   

  	

   

  	

   

  	

   

  	

   

  
	

   

  	

   

  	

   

  	

   

  	

   

  	

  By:

  	

   

  
	

   

  	

   

  	

   

  	

   

  	

   

  	

  Name:

  	

   

  
	

   

  	

   

  	

   

  	

   

  	

   

  	

  Title:

  	

   

  
									

 

2Exhibit

10.75

 

CERTIFICATE

OF AMENDMENT

OF

AMENDED AND RESTATED CERTIFICATE OF

INCORPORATION

OF

VCAMPUS CORPORATION

 

 

Pursuant to Section 242

of the General Corporation Law of the State of Delaware, VCampus Corporation, a

corporation organized and existing under the general corporation law of the

state of Delaware, does hereby certify and set forth as follows:

 

1.             The

original Certificate of Incorporation of VCampus Corporation was filed with the

Secretary of State of Delaware on March 22, 1985, under the name “INTELMACH

CORPORATION.”

 

2.             Resolutions were duly

adopted by the Board of Directors of VCampus Corporation setting forth a

proposed amendment to the Amended and Restated Certificate of Incorporation of

VCampus Corporation and declaring such amendment to be advisable and in the

best interests of VCampus Corporation and its stockholders.

 

3.             The

amendment to the Certificate of Incorporation to be effected hereby is as

follows:

 

(a)           Paragraph A of Article

IV shall be deleted in its entirety and replaced with the following new

Paragraph A of Article IV:

 

“A.          Stock

Split; Classes of Stock.

 

(1)           Effective as of 11:59

p.m., Eastern Time, on July 5, 2002, all outstanding shares of Common Stock of

the Corporation shall be combined in a one-for-10 reverse stock split (the

“Reverse Split”).  No fractional shares

of Common Stock or scrip representing fractional shares of Common Stock shall

be issued as a result of the Reverse Split. 

Upon presentation of all of a record holder’s Common Stock certificates

at one time for reissuance to reflect the Reverse Split, the number of full

shares of Common Stock issuable upon the conversion thereof shall be computed

on the basis of the aggregate number of shares of Common Stock so surrendered

by such holder, rounded up to the nearest whole share.

 

(2)           After giving effect to

the Reverse Split, the Corporation is authorized to issue two classes of stock

to be designated, respectively, Common Stock and Preferred Stock.  The total number of shares of stock which

the Corporation has the authority to issue is Sixty-Nine Million One Hundred

Fifty-Seven Thousand Six Hundred Sixty-Nine (69,157,669) shares, par value One

Cent ($0.01) per share, of which Thirty Six Million (36,000,000) shares shall

be

 

 

designated “Common

Stock,” and Thirty-Three Million One Hundred Fifty-Seven Thousand Six Hundred

Sixty-Nine (33,157,669) shares shall be designated “Preferred Stock.”  Of the 33,157,669 authorized shares of

Preferred Stock, Eleven Million Five Hundred Fifty-One Thousand Four Hundred

Twelve (11,551,412) of such shares shall be designated “Series A Preferred

Stock,” Five Million Six Hundred Six Thousand Two Hundred Fifty-Seven

(5,606,257) of such shares shall be designated “Series B Preferred Stock,” Six

Million (6,000,000) of such shares shall be designated “Series B-1 Preferred

Stock,” One Million (1,000,000) of such shares shall be designated “Series C

Convertible Preferred Stock,” One Million Two Hundred Thousand (1,200,000) of

such shares shall be designated “Series D Convertible Preferred Stock,” Three

Million (3,000,000) of such shares shall be designated “Series E Convertible

Preferred Stock,” Three Million (3,000,000) of such shares shall be designated

“Series F Convertible Preferred Stock,” One Million Four Hundred Fifty-Eight

Thousand Four Hundred and Thirteen (1,458,413) of such shares shall be

designated “Series F-1 Convertible Preferred Stock,” and Sixty Thousand

(60,000) of such shares shall be designated “Series F-2 Convertible Preferred

Stock.””

 

4.             Pursuant to the

recommendation of the Board of Directors of VCampus Corporation, and in

accordance with the General Corporation Law of the State of Delaware, the

stockholders of VCampus Corporation duly adopted and approved this Certificate

of Amendment.

 

5.             This Certificate of

Amendment will be effective as of 11:59 p.m., Eastern Time, on July 5, 2002.

 

 

[remainder of this page intentionally left blank]

 

2

 

IN WITNESS WHEREOF,

VCampus Corporation has caused this Certificate of Amendment to be signed by

its Chief Financial Officer this 3rd day of July, 2002.

 

 

	

   

  	

   

  	

   

  	

   

  	

   

  	

  VCAMPUS CORPORATION

  
	

   

  	

   

  	

   

  	

   

  	

   

  	

   

  	

   

  
	

   

  	

   

  	

   

  	

   

  	

   

  	

   

  	

   

  
	

   

  	

   

  	

   

  	

   

  	

   

  	

  By:

  	

   

  
	

   

  	

   

  	

   

  	

   

  	

   

  	

  Name:

  	

  Christopher L. Nelson

  
	

   

  	

   

  	

   

  	

   

  	

   

  	

  Title:

  	

  Chief Financial Officer

  
								

 

3Exhibit 10.4

 

AMENDMENT NO. 1 TO RIGHTS AGREEMENT

 

1.                                       General

Background.  In accordance

with Section 26 of the Rights Agreement between First Chicago Trust

Company of New York (the “Rights Agent”) and Gardenburger, Inc., dated

July 15, 1999 (the “Agreement”), the Rights Agent and Gardenburger, Inc.,

desire to amend the Agreement.

 

2.                                       Effectiveness.  This Amendment shall be effective as of

January 2, 2002 (the “Amendment”), and all defined terms and definitions

in the Agreement shall be the same in the Amendment except as specifically

revised by the Amendment.

 

3.                                       Revision.  The section in the Agreement entitled

“Change of Rights Agent” is hereby deleted in its entirety and replaced with

the following:

 

“21.  Change

of Rights Agent.  The Rights Agent

or any successor Rights Agent may resign and be discharged from its duties

under this Rights Agreement upon thirty (30) days’ notice in writing mailed to

the Company and to each transfer agent of the Common Shares or Preferred

Shares, as applicable, by registered or certified mail.  The Company shall promptly notify the

holders of the Right Certificates by first-class mail of any such

resignation.  The Company may remove the

Rights Agent or any successor Rights Agent upon thirty (30) days’ notice in

writing, mailed to the Rights Agent or successor Rights Agent, as the case may

be, and to each transfer agent of the Common Shares or Preferred Shares, as

applicable, by registered or certified mail, and to the holders of the Right

Certificates by first-class mail.  If the

Rights Agent shall resign or be removed or shall otherwise become incapable of

acting, the resigning, removed, or incapacitated Rights Agent shall remit to

the Company, or to any successor Rights Agent designated by the Company, all

books, records, funds, certificates or other documents or instruments of any

kind then in its possession which were acquired by such resigning, removed or

incapacitated Rights Agent in connection with its services as Rights Agent

hereunder, and shall thereafter be discharged from all duties and obligations

hereunder.  Following notice of such

removal, resignation or incapacity, the Company shall appoint a successor to

such Rights Agent.  If the Company shall

fail to make such appointment within a period of thirty (30) days after giving

notice of such removal or after it has been notified in writing of such

resignation or incapacity by the resigning or incapacitated Rights Agent or by

the holder of a Right Certificate (who shall, with such notice, submit such

holder’s Right Certificate for inspection by the Company), then the registered

holder of any Right Certificate may apply to any court of competent

jurisdiction for the appointment of a new Rights Agent.  Any successor Rights Agent, whether

appointed by the Company or by such a court, shall be a corporation or trust

company organized and doing business under the laws of the United States, in

good standing, which is authorized under such laws to exercise corporate trust

or stock transfer powers and is subject to supervision or examination by

federal or state authority and which has individually or combined with an

affiliate at the time of its appointment as Rights Agent a combined capital and

surplus of at least $100 million.  After

appointment, the successor Rights Agent shall be vested with the same powers,

rights, duties and responsibilities as if it had

 

1

 

been originally named as Rights Agent without further

act or deed; but the predecessor Rights Agent shall deliver and transfer to the

successor Rights Agent any property at the time held by it hereunder, and

execute and deliver any further assurance, conveyance, act or deed necessary

for the purpose.  Not later than the

effective date of any such appointment the Company shall file notice thereof in

writing with the predecessor Rights Agent and each transfer agent of the Common

Shares or Preferred Shares, as applicable, and mail a notice thereof in writing

to the registered holders of the Right Certificates.  Failure to give any notice provided for in this Section 21,

however, or any defect therein, shall not affect the legality or validity of

the resignation or removal of the Rights Agent or the appointment of the

successor Rights Agent, as the case may be.”

 

4.                                       Except

as amended hereby, the Agreement and all schedules or exhibits thereto shall

remain in full force and effect.

 

IN WITNESS WHEREOF,

the parties hereto have caused this Amendment to be executed in their names and

on their behalf by and through their duly authorized officers, as of this 2nd

day of January, 2002.

 

	

  Gardenburger,

  Inc.

  	

   

  	

  First

  Chicago Trust Co. of New York

  
	

   

  	

   

  	

   

  
	

   

  	

   

  	

   

  
	

  /s/ Lorraine Crawford

  	

   

  	

  /s/ Thomas Grayman

  
	

  By:  Lorraine

  Crawford

  	

   

  	

  By:  Thomas

  Grayman

  
	

  Title:  Vice

  President of Finance

  	

   

  	

  Title: 

  Senior Managing Director

  

 

2

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00041-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00041-of-00352.parquet"}], [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00041-of-00352.parquet"}]]