Document:

CERTIFICATE
OF DESIGNATIONS OF THE

SERIES
A CONVERTIBLE PREFERRED STOCK OF

BOXLIGHT
CORPORATION

 

PURSUANT
TO SECTION 78.1955

OF
THE NEVADA REVISED STATUTES

 

I,
Sheri Lofgren, hereby certify that I am the Chief Financial Officer of BOXLIGHT CORPORATION (the “Corporation”),
a corporation organized and existing under the Nevada Revised Statutes, and further do hereby certify:

 

A. That
pursuant to the authority expressly conferred upon the Board of Directors of the Corporation (the “Board”)
by the Corporation’s Articles of Incorporation, as amended (the “Articles of Incorporation”), the Board
on March 31, 2015, adopted the following resolutions creating a series of preferred stock designated as Series A Convertible Preferred
Stock, none of which have been issued:

 

RESOLVED,
that the Board designates the Series A Convertible Preferred Stock and the number of shares constituting such series, and fixes
the rights, powers, preferences, privileges and restrictions relating to such series in addition to any set forth in the Articles
of Incorporation as follows:

 

TERMS
OF SERIES A CONVERTIBLE PREFERRED STOCK

 

B. Series
A Preferred Stock

 

1. Designation
and Number; Certain Definitions.

 

1.1 A
series of Preferred Stock, designated as Series A Convertible Preferred Stock (“Series A Preferred Stock”), is hereby
established. The number of authorized shares of Series A Preferred Stock shall initially be two hundred and fifty thousand (250,000)
shares, and the stated value amount per share of Series A Preferred Stock shall be One Dollar ($1.00) per share (the “Stated
Value”).

 

1.2 Series
A Preferred Stock is being issued to Vert Capital Corp., as trustee and escrow agent for certain of the former stockholders of
Logical Choice Technologies, Inc., a Georgia corporation (“LCT”) in order to replace shares of Series
A Preferred Stock of LCT that was issued to such former stockholders of LCT pursuant to the terms of an Agreement and Plan of
Merger, dated April 15, 2013 among LCT, LCT Holdings, Inc., Vert Capital Corp. and Cynthia Kaye (the “Merger Agreement”).

 

1.3 In
order to facilitate the issuance of the Series A Preferred Stock, the Corporation, Vert Capital Corp. and Logical Choice Corporation,
a Delaware corporation (“LCC”) have entered into a stock transfer agreement dated as of March 31, 2015 (the
“Transfer Agreement”), to be effective on the “IPO Effective Date” (as defined in the Transfer
Agreement).

 

1.4 On
a date which shall be the later to occur of (a) the effectiveness of a registration statement registering for resale the “Conversion
Shares” (hereinafter defined), or (b) one (1) year following the IPO Effective Date, all and not less than all of the
250,000 shares of Series A Preferred Stock shall be automatically converted into the applicable number of Conversion
Shares and such Conversion Shares shall be distributed by the Corporation to the Holders of Series A Preferred Stock set forth
on Exhibit A to this Certificate of Designations.

 

1.5 As
used in this Certificate, the term “Common Stock” shall mean the common stock of the Corporation, $0.0001 par
value per share, authorized for issuance pursuant to its Articles of Incorporation.

 

    	1

    	 

    

 

1.6 As
used herein, the term “Common Stock Event” shall mean: (a) the declaration or payment of any dividend or other
distribution on the Common Stock, without consideration, payable to one or more stockholders in additional shares of Common Stock
or other securities or rights convertible into, or entitling the holder thereof to receive, directly or indirectly, additional
shares of Common Stock; (b) a subdivision (by stock split, reclassification or otherwise) of the outstanding shares of Common
Stock into a greater number of shares of Common Stock; or (c) a combination or consolidation (by reverse stock split) of the outstanding
shares of Common Stock into a smaller number of shares of Common Stock.

 

1.7 As
used in this Certificate, the term “Conversion Shares” shall mean 250,000 shares of Common Stock, or such other
number of shares of Common Stock to be issued upon conversion of the Series A Preferred Stock pursuant to the adjustment provisions
set forth in this Certificate of Designations.

 

1.8 As
used in this Certificate, the term “Holder” shall mean one or more holder(s) of shares of Series A Preferred
Stock.

 

2. Rank.
All shares of the Series A Preferred Stock shall rank (i) senior to the Common Stock and any other class of securities which is
specifically designated as junior to the Series A Preferred Stock (collectively, with the Common Stock, the “Junior Securities”);
and (ii) junior to any other class or series of Preferred Stock of the Corporation, including without limitation, the Corporation’s
Series B Preferred Stock and Series C Preferred Stock, or any other Series of Preferred Stock hereafter created (collectively,
the “Senior Securities”), in each case as to distribution of assets upon liquidation, dissolution or winding
up of the Corporation, whether voluntary or involuntary.

 

3. Dividends.
Except as otherwise set forth in this Section 3, the Series A Preferred Stock shall not pay a fixed or other dividend. The holders
of the Series A Preferred Stock shall, however, be entitled to receive dividends when, as, and if declared by the Board, in an
amount which shall be paid pro rata on the Common Stock and the Series A Preferred Stock, on an equal priority, pari passu basis,
according to the number of shares of Common Stock held by the stockholders, where each holder of Series A Preferred Stock is to
be treated for this purpose as holding (in lieu of such shares of Series A Preferred Stock) the greatest whole number of shares
of Common Stock then issuable upon conversion in full of such shares of Series A Preferred Stock. The right to dividends on shares
of Series A Preferred Stock shall not be cumulative, and no right shall accrue to holders of Series A Preferred Stock by reason
of the fact that dividends on said shares are not declared in any period, nor shall any undeclared or unpaid dividend bear or
accrue interest.

 

4. Liquidation
Preference. In the event of a merger, sale (of substantially all assets or stock), any voluntary or involuntary liquidation,
dissolution or winding up of the affairs of the Corporation, then, either (i) after any distribution or payment on Senior Securities,
and (ii) before any distribution or payment shall be made to the Holders of the Common Stock, each Holder of Series A Preferred
Stock then outstanding shall be entitled to be paid, out of the assets of the Corporation available for distribution to its stockholders,
an amount (the “Liquidation Preference”) equal to (i) aggregate number of shares of Series A Preferred Stock then
outstanding multiplied by its $1.00 Stated Value per share; and (ii) any accrued but unpaid Dividends. If the assets of the Corporation
are not sufficient to generate cash sufficient to pay in full the Liquidation Preference, then the Holders of Series A Preferred
Stock shall share ratably (together with holders of any Pari Passu Securities) in any distribution of cash generated by such assets
in accordance with the respective amounts that would have been payable in such distribution as if the amounts to which the Holders
of outstanding shares of Series A Preferred Stock are entitled were paid in full.

 

5. Voting
Rights. Except as otherwise set forth herein, the Series A Preferred Stock shall not be entitled to vote on any matter submitted
to the vote of stockholders of the Corporation. However, in the event of any proposed amendment to this Certificate of Designation
that would adversely alter or change any preference or any relative or other right given to the Series A Preferred Stock, then
and only then may the Series A Preferred Stock vote as a separate class with respect to such amendment.

 

6. Conversion.

 

6.1 Automatic
Conversion.

 

(a) Notwithstanding
anything to the contrary contained in this Certificate, express or implied, upon a date which shall be the later
to occur of (a) the effectiveness of a registration statement that registers for resale the Conversion Shares is declared effective
by the Securities and Exchange Commission (“SEC”), or (b) one (1) year following the IPO Effective Date all,
and not less than all, of the shares of Series A Preferred Stock shall automatically, and without any further action
on the part of the Corporation or the Holder, be converted into the Conversion Shares, on the basis of one (1) full Conversion
Share for each one (1) full share of Series A Preferred Stock, but at all times, subject to adjustment as set forth in Section
6.2 and Section 6.3 below. The foregoing is hereinafter defined as a “Conversion Event.”

 

    	2

    	 

    

 

6.2 Adjustment
for Reclassification, Exchange. and Substitution. If at any time or from time to time after the date upon which the first
share of Series A Preferred Stock was issued by the Corporation (the “Original Issue Date”), the number of
Conversion Shares Stock issuable upon the conversion of the Series A Preferred Stock shall be changed into the same or a different
number of shares of any class or classes of stock, whether by recapitalization, reclassification, reorganization, merger, exchange,
consolidation, sale of assets or otherwise, then, in any such event, each share of Series A Preferred Stock shall be converted
such stock into the kind and amount of stock and other securities and property receivable upon such recapitalization, reclassification,
reorganization, merger, exchange, consolidation, sale of assets or other change by a holder of the number of shares of Common
Stock into which such shares of Series A Preferred Stock could have been converted immediately prior to such recapitalization,
reclassification, reorganization, merger, exchange, consolidation, sale of assets or other change, or with respect to such other
securities or property by the terms thereof.

 

6.3 Adjustment
Upon Common Stock Event. In the event that a Common Stock Event occurs at any time or from time to time after the Original
Issue Date, the aggregate number of Conversion Shares into which the Series A Preferred Stock shall be converted immediately prior
to such Common Stock Event shall, simultaneously with the occurrence of such Common Stock Event, shall be proportionately decreased
or increased, as appropriate. The Conversion Shares shall be readjusted in the same manner upon the happening of each subsequent
Common Stock Event.

 

6.4 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 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, including, without limitation, engaging in best
efforts to obtain the requisite stockholder approval of any necessary amendment to the Corporation’s Articles of Incorporation.

 

6.5 Fractional
Shares. No fractional share shall be issued upon the conversion of any share or shares of Series A Preferred Stock. All shares
of Common Stock (including fractions thereof) issuable upon conversion of more than one share of Series A Preferred Stock by a
holder thereof shall be aggregated for purposes of determining whether the conversion would result in the issuance of any fractional
share.

 

7. No
Reissuance of Series A Preferred Stock. No share or shares of Series A Preferred Stock acquired by the Corporation by reason
of redemption, purchase, conversion or otherwise shall be reissued, and all such shares shall be canceled, retired and eliminated
from the shares which the Corporation shall be authorized to issue.

 

8. Redemption.
The Series A Preferred Stock is not redeemable.

 

9. Notice.
Except as may otherwise be provided for herein, all notices referred to herein shall be in writing, and all notices hereunder
shall be deemed to have been given upon the earlier of receipt of such notice or four business days after the mailing of such
notice, if sent by registered mail, with postage pre-paid, addressed: (I) if to the Corporation, to the attention of its corporate
secretary or to an agent of the Corporation designated as permitted by the Corporation’s Articles of Incorporation, as amended;
(2) if to any holder of Series A Preferred Stock, to such holder at the address of such holder as listed in the stock record books
of the Corporation (which may include the records of the Corporation’s transfer agent); or (3) to such other address as
the Corporation or holder, as the case may be, shall have designated by notice similarly given.

 

    	3

    	 

    

 

10. Amendment.
These Amended and Restated A11icles of Incorporation or any provision hereof may be amended by obtaining the affirmative vote
at a meeting duly called for such purpose, or written consent without a meeting in accordance with the Georgia Business Corporation
Code, of (i) a majority of the outstanding Series A Preferred Stock, voting separate as a single class, (ii) the Majority Holders
and (iii) with such other stockholder approval, if any, as may then be required pursuant to the Georgia Business Corporation Code
and the Articles of Incorporation.

 

11. Limitation
on Transfer.

 

11.1 The,
sale, offer to sell, contract to sell, assignment, pledge, hypothecation, encumbrance or other transfer (collectively, “Transfer”),
directly or indirect, by any holder of shares of Series A Preferred Stock or the Conversion Shares issuable upon conversion of
such shares of Series A Preferred Stock, including (i) the use of the any shares of Series A Preferred Stock or Conversion Shares
(collectively, “Capital Stock”) as collateral for any borrowing, or (ii) the granting of purchase options to
any other person or entity, shall be prohibited until the occurrence of a Conversion Event; provided, however, that a Transfer
by a Holder of Capital Stock (certified by such Holder to the Corporation that such Transfer is for estate planning purposes),
to (A) an immediate family member (child, sibling, spouse or parent); (B) a trust, corporation, partnership, limited partnership
or limited liability company that is an “affiliate” (at that term is defined in Rule 405 promulgated under the Securities
Act of 1933, as amended) of such Holder; or (C) in the case of a Holder that is an entity, stockholders, members, partners or
other equity holders of such Holder shall be permitted. To the extent of any permitted Transfer, the transferee of such transferred
Capital Stock shall acquire the same subject to the provisions set forth herein.

 

11.2 In
the event of any stock dividend, stock split, recapitalization, or other change affecting the Company’s outstanding Common
Stock effected without receipt of consideration, then any new, substituted, or additional securities distributed to a Holder with
respect to Capital Stock shall be immediately subject to the provisions of this Section II, to the same extent the Capital Stock
is at such time covered by such provisions

 

11.3 In
addition to any restrictive legend required under Rule 144, the certificate for each share of Series A Preferred Stock and Conversion
Shares shall contain the following legend:

 

“Except
in limited circumstances, the sale, offer to sell, contract to sell, assignment, pledge, hypothecation, encumbrance or other transfer
(collectively, ’Transfer”) of the shares represented by this certificate are restricted in accordance with
the provisions of the Certificate of Designations of the Series A Preferred Stock, dated as of March 31, 2015, a copy of which
is available at the offices of the Corporation.”

 

11.4 Any
purported Transfer of any of the Capital Stock that is not in accordance with this Section shall be null and void, and shall not
operate to transfer any right, title or interest in such Capital Stock to the purported transferee. Each Holder of Capital Stock
agrees that the Corporation shall be entitled to prohibit the Transfer of any Capital Stock to be made on its books unless the
Transfer is permitted hereunder and has been made in accordance herewith.

 

12. Protective
Provisions. So long as any shares of Series A Preferred Stock are outstanding, the Corporation shall not, nor shall it permit
any of its subsidiaries to, take any of the following corporate actions (whether by merger, consolidation or otherwise) without
first obtaining the approval (by vote or written consent) of the Holders of a majority of the issued and outstanding Series A
Preferred Stock (the “Series A Majority Holders”):

 

12.1 alter
or change the rights, preferences or privileges of the Series A Preferred Stock, or increase the authorized number of shares of
Series A Preferred Stock; or

 

12.2 issue
any additional shares of Series A Preferred Stock.

Notwithstanding
the foregoing, no change pursuant to this Section 12 shall be effective to the extent that, by its te1ms, it applies to less than
all of the Holders of shares of Series A Preferred Stock then outstanding.

 

    	4

    	 

    

 

13. Miscellaneous.

 

13.1 Cancellation
of Series A Preferred Stock. If any shares of Series A Preferred Stock are converted pursuant to this Series A Articles of
Incorporation, the shares so converted or redeemed shall be canceled, shall return to the status of authorized, but unissued Series
A Preferred Stock of no designated series, and shall not be issuable by the Corporation as Series A Preferred Stock.

 

13.2 Lost
or Stolen Certificates. Upon receipt by the Corporation of (i) evidence of the lost, theft, destruction or mutilation of any
Series A Preferred Stock Certificate(s) and (ii) (y) in the case of loss, theft or destruction, indemnity (without any bond or
other security) reasonably satisfactory to the Corporation, or (z) in the case of mutilation, the Series A Preferred Stock Certificate(s)
(surrendered for cancellation), the Corporation shall execute and deliver new Series A Preferred Stock Certificate(s) of like
tenor and date. However, the Corporation shall not be obligated to reissue such lost, stolen, destroyed or mutilated Series A
Preferred Stock Certificate(s) if the Holder contemporaneously requests the Corporation to convert such Series A Preferred Stock.

 

13.3 Waiver.
Notwithstanding any provision in this Articles of Incorporation to the contrary, any prov1s10n contained herein and any right
of the Holders of Series A Preferred Stock granted hereunder may be waived as to all shares of Series A Preferred Stock (and the
Holders thereof) upon the written consent of the Series A Majority Holders, unless a higher percentage is required by applicable
law, in which case the written consent of the Holders of not less than such higher percentage of shares of Series A Preferred
Stock shall be required.

 

13.4 Information
Rights. So long as shares of Series A Preferred Stock are outstanding, the Corporation will deliver to each Holder of Series
A Preferred Stock (i) unaudited annual financial statements to the Holders of Series A Preferred within 90 days after the end
of each fiscal year; (ii) and unaudited quarterly financial statements within 45 days of the end of each fiscal quarter. Notwithstanding
the foregoing in the event and to the extent that such information is electronically available on the web site of the Securities
and Exchange Commission (www.sec.gov), the Corporation need not separately furnish such documents to Holders of the Series A Preferred
Stock.

 

13.4 Notices.
Any notices required or permitted to be given under the terms hereof shall be sent by certified or registered mail (return receipt
requested) or delivered personally, by nationally recognized overnight carries or by confirmed facsimile transmission, and shall
be effective five days after being placed in the mail, if mailed, or upon receipt or refusal of receipt, if delivered personally
or by nationally recognized overnight carrier or confirmed facsimile transmission, in each case addressed to a party. The addresses
for such communications are (i) if to the Corporation to 1045 Progress Circle, Lawrenceville, Georgia 30043; and (ii) if to any
Holder to the address set forth under such Holder’s name on the execution page to the Merger Agreement, or such other address
as may be designated in writing hereafter, in the same manner, by such person

 

IN
WITNESS WHEREOF, this Series A Preferred Stock Certificate of Designations has been approved by and duly authorized by its Board
of Directors and executed by the Corporation this 31st day of March 2015.

 

BOXLIGHT
CORPORATION

 

	By:	 /s/
    Sheri Lofgren	 
	 	Sheri
    Lofgren, Chief Financial Officer	 

 

    	5

    	 

    

 

Exhibit
A

 

	Boxlight Corp
	Holders of Series A Preferred
    Stock
	 
	Name		Numbers
    of
     Series A
     Preferred Stock	 	 	 	 
	Kevin Shupenia	 	 	17,285	 	 	 	4.8192	%
	Equity Partners	 	 	13,775	 	 	 	3.8404	%
	Ronald Kaye, Jr.	 	 	8,872	 	 	 	2.4736	%
	Mark Blood	 	 	8,149	 	 	 	2.2720	%
	Alpine Consultants, Inc.	 	 	8,058	 	 	 	2.2467	%
	Coggin Family Intervivos Tr., II	 	 	8,058	 	 	 	2.2467	%
	Ronald Bertucci	 	 	7,422	 	 	 	2.0692	%
	Crusader Printing, LLC	 	 	6,672	 	 	 	1.8603	%
	Ralph Capasso	 	 	5,196	 	 	 	1.4485	%
	Shelly R. DeJesus	 	 	4,956	 	 	 	1.3817	%
	Paul Anthes	 	 	4,835	 	 	 	1.3480	%
	Louise Bertucci	 	 	3,223	 	 	 	0.8987	%
	Jay Forman	 	 	3,127	 	 	 	0.8717	%
	Ronald Stewart	 	 	2,579	 	 	 	0.7189	%
	Barbara Bisel	 	 	2,015	 	 	 	0.5617	%
	Victor Bertucci	 	 	1,882	 	 	 	0.5246	%
	Donald Bertucci	 	 	1,882	 	 	 	0.5246	%
	Becky Milford	 	 	1,620	 	 	 	0.4516	%
	Barbara Smith	 	 	1,620	 	 	 	0.4516	%
	Jennifer Delling	 	 	1,620	 	 	 	0.4516	%
	Louis Gelsomino	 	 	1,479	 	 	 	0.4123	%
	James Anderson	 	 	1,442	 	 	 	0.4022	%
	Dolores A Miller	 	 	1,209	 	 	 	0.3370	%
	Arthur E Menna	 	 	1,209	 	 	 	0.3370	%

 

    	6

    	 

    

 

	Boxlight Corp
	Holders of Series A Preferred
    Stock
	 
	Name	 	Numbers
    of

 Series A

 Preferred Stock	 	 	 	 
	Dorothy A Brayley	 	 	1,209	 	 	 	0.3370	%
	Robert R Menna	 	 	1,209	 	 	 	0.3370	%
	William J Menna	 	 	1,209	 	 	 	0.3370	%
	Berton Revocable Living Trust	 	 	1,076	 	 	 	0.2999	%
	Mario Bertucci	 	 	1,076	 	 	 	0.2999	%
	Charlie Bertucci	 	 	1,076	 	 	 	0.2999	%
	Bernie Colter	 	 	1,011	 	 	 	0.2820	%
	Natalie and Kou Su JT TEN	 	 	967	 	 	 	0.2696	%
	Jeff Delling	 	 	653	 	 	 	0.1820	%
	Don Rosado	 	 	367	 	 	 	0.1022	%
	Robert Meeks	 	 	367	 	 	 	0.1022	%
	Patrick Ireland	 	 	367	 	 	 	0.1022	%
	Charles Kaye	 	 	330	 	 	 	0.0921	%
	Phillip Snelling	 	 	330	 	 	 	0.0921	%
	Donna Ingram	 	 	330	 	 	 	0.0921	%
	Ronald Jordan	 	 	322	 	 	 	0.0899	%
	Pam Estabrooke	 	 	205	 	 	 	0.0573	%
	Faith Deward	 	 	101	 	 	 	0.0281	%
	Doug Druschel	 	 	101	 	 	 	0.0281	%
	Elizabeth Kaye	 	 	89	 	 	 	0.0247	%
	Cary Thornton	 	 	48	 	 	 	0.0135	%
	James Lambert	 	 	17	 	 	 	0.0046	%
	Elizabeth Atkins	 	 	8	 	 	 	0.0023	%
	Jeff Boyden	 	 	8	 	 	 	0.0023	%
	Kevin Brock	 	 	8	 	 	 	0.0023	%
	Tina L. Combs	 	 	8	 	 	 	0.0023	%

 

    	7

    	 

    

 

	Boxlight Corp
	Holders of Series A Preferred
    Stock
	 
	Name	 	Numbers
    of

    Series A

    Preferred Stock	 	 	 	 
	Kellyann Davis-Hutchens	 	 	8	 	 	 	0.0023	%
	Danny Durham	 	 	8	 	 	 	0.0023	%
	Wei Fang	 	 	8	 	 	 	0.0023	%
	Doug Hutcheson	 	 	8	 	 	 	0.0023	%
	Alan W. Johnson	 	 	8	 	 	 	0.0023	%
	Anjana Vijay Patel	 	 	8	 	 	 	0.0023	%
	James P. Schrader	 	 	8	 	 	 	0.0023	%
	Randall Spear	 	 	8	 	 	 	0.0023	%
	Jody A. Tate	 	 	8	 	 	 	0.0023	%
	Averi M. Washington	 	 	8	 	 	 	0.0023	%
	Charles Elliott	 	 	8	 	 	 	0.0023	%
	Shere Lowery	 	 	8	 	 	 	0.0023	%
	Steve Hatala	 	 	8	 	 	 	0.0023	%
	Boxlight Corp - Treasury	 	 	227900	 	 	 	63.5386	%
	 	 	 	 	 	 	 	 	 
	Totals:	 	 	358,680	 	 	 	100.0000	%

 

    	8CERTIFICATE
OF DESIGNATIONS OF THE

SERIES B CONVERTIBLE PREFERRED STOCK OF

BOXLIGHT CORPORATION

 

PURSUANT
TO SECTION ___

OF THE NEVADA REVISED STATUTES

 

I,
Mark Elliott, hereby certify that I am the Chief Executive Officer of Boxlight Corporation (the “Corporation”),
a corporation organized and existing under the Nevada Revised Statutes, and further do hereby certify:

 

That
pursuant to the authority expressly conferred upon the Board of Directors of the Corporation (the “Board”)
by the Corporation’s Articles of Incorporation, as amended (the “Articles of Incorporation”), the Board
on January 19, 2015, adopted the following resolutions creating a series of preferred stock designated as Series B Convertible
Preferred Stock, none of which have been issued:

 

RESOLVED,
that the Board designates the Series B Convertible Preferred Stock and the number of shares constituting such series, and fixes
the rights, powers, preferences, privileges and restrictions relating to such series in addition to any set forth in the Articles
of Incorporation as follows:

 

TERMS
OF SERIES B CONVERTIBLE PREFERRED STOCK

 

 1. Definitions; Designation and Number.

 

1.1. Unless
otherwise defined elsewhere herein, all capitalized terms used in this Certificate of Designation shall have the meaning as
such terms are defined on Exhibit II attached hereto and made a part hereof.

 

1.2. A
series of Preferred Stock, designated as Series B Convertible Preferred Stock (“Series B Preferred
Stock”), par value $0.0001 per share, is hereby established. The number of authorized shares of Series B Preferred
Stock shall be one million two hundred thousand (1,200,000) shares.

 

1.3.
The initial one million (1,000,000) shares of Series B Preferred Stock (the “Original Series B Preferred
Stock”) will be issued at the “Exchange Date”, as defined in and pursuant to the terms of an
Exchange Agreement (the “Genesis Exchange Agreement”), dated January 31, 2015 and effective as of
September 30, 2014 by, between and among the Corporation, Vert Capital Corp. (“Vert”), a Delaware
corporation, Logical Choice Corporaiton, a Delaware corporation, Mark Elliott (“Elliott”), John Cox
(“Cox”), Operational Security Systems, Inc. (“OSS”) and Renova Partners LLC
(“Renova,” and, collectively, with Elliott, Cox and OSS, the “Genesis Parties,” and
each, individually, a “Genesis Party”), as the former owners of 100% of the membership interests in
Genesis Collaboration LLC, a Georgia limited liability company. The Exchange Date is referred to herein at the
“Original Issue Date.” On the Original Issue Date all of the shares of Original Series B Preferred Stock
will issued at an original issue price of One Dollar ($1.00) per share (the “Series B Original Issue
Price”). The remaining two hundred thousand (200,000) shares of authorized Series B Preferred Stock (the
“Series B Preferred Dividend Stock”) will be reserved and may only be issued as payment of dividends
pursuant to Section 3 below.

 

    	- 1 -

    	 

    

 

1.4.
On or before the Original Issue Date, and simultaneous with a Going Public Event (as defined in the Genesis Exchange Agreement
attached hereto), the Corporation intends to consummate one or more acquisitions (collectively, the “Acquisitions”)
of all or a majority of the capital stock, membership interests, partnership interests or other equity of one or more corporations,
limited liability companies, partnerships or other entities (each a “Target Company”) each of which, at the
time of the Acquisition: (i) will not be an Affiliate (as defined in Exhibit II, attached hereto) of the
Corporation or Vert; and (ii) will be engaged in the business of providing of products and services to schools and other
Persons providing educational instruction to children and adults. The Corporation intends to consummate the Acquisitions of the
Target Companies in exchange for cash, notes and shares of series of $0.0001 par value preferred stock of the Corporation which
are authorized by separate certificates of designations to be filed in the future by the Corporation (the “Acquisition
Preferred Stock”).

 

2.
Rank. As to the payment of cash dividends or a distribution of assets upon a Liquidating Event (as defined in Exhibit
II), all shares of the Series B Preferred Stock shall rank (a) senior to the Corporation’s
Common Stock, $0.0001 par value per share, of the Corporation (the “Common Stock”) and any other class of securities
which is specifically designated as junior to the Series B Preferred Stock (collectively, with the Common Stock, the “Junior
Securities”); (b) pari passu with any then outstanding shares of the Corporation’s (i)
$0.0001 par value Series A Preferred Stock (the “Series A Preferred Stock”), (ii) Acquisition Preferred
Stock, and (iii) series of preferred stock hereafter created which expressly state, by their terms, as on parity with the Series
B Preferred Stock, (collectively, the “Pari Passu Securities”); and (iii) junior to any
notes, convertible securities or class or series of capital stock of the Corporation which are hereafter issued for the purpose
of consummating a Private Placement Financing (as defined in Section 6.3, below) and are expressly ranked, by their
terms, as senior to the Series B Preferred Stock (collectively, the “Senior Securities”).

 

3.
Dividends. Each outstanding share of Original Series B Preferred Stock shall earn dividends equal to 6% per annum of its
Series B Original Issue Price (as defined Section 1.1, above), payable in cash or, at the Corporation’s
option, in additional shares of Series B Preferred Dividend Stock valued at the Series B Original Issue Price. The dividends
will accrue on a per diem basis, based on a 365 day year, and regardless of whether or
not declared and whether or not there are profits, surplus or other funds legally available for payment of dividends; provided,
however, that upon the occurrence of a Going Public Event prior to a Liquidating Event, any shares of Series B Preferred
Dividend Stock: (a) which have previously been issued, will be cancelled; and (b) which have previously been
earned, but have not yet been issued, will be deemed for all purposes to be forfeited.

 

4.
Liquidation Preference. Upon a Liquidating Event (as defined in Exhibit II, attached hereto) which occurs
prior to a Going Public Event (as defined in the Exchange Agreement), each share of Series B Preferred Stock will have an
aggregate liquidation preference equal to its Series B Preferred Stock Original Issue Price plus all accrued dividends
which have not previously been paid or distributed in cash or in additional shares of Series B Preferred Stock (as required
by Section 3, above).

 

    	- 2 -

    	 

    

 

 

5.
Voting Rights. Except as expressly set forth to the contrary herein, the Series B Preferred Stock shall vote together
(and not as a separate class) with any then outstanding shares of Common Stock, Series A Preferred Stock and Acquisition
Preferred Stock. Each share of Common Stock will have one vote, and each then outstanding share of Series A Preferred Stock,
Series B Preferred Stock and other Acquisition Preferred Stock entitled to vote shall have a number of votes equal to the
number of shares of Common Stock into it would be converted if it were converted into Common Stock immediately prior to such
vote (a “Hypothetical Conversion”). Each holder of a share of Series B Preferred Stock shall be entitled
to notice of any stockholders’ meeting in accordance with the Bylaws of the Corporation and the DGCL. If after a
Hypothetical Conversion and after aggregating all shares of Common Stock into which shares of Series B Preferred Stock held
by such holder would be converted), a holder of shares of the Series B Preferred Stock would be deemed (solely of voting
purposes) to own a fractional number of shares of Common Stock, then (solely of voting purposes) the fractional number of
shares of Common Stock deemed owned by such holder of Series B Preferred Stock shall be rounded to the nearest whole number
(with one-half being rounded upward).

 

6.
Conversion.

 

6.1.
Mandatory Conversion. Upon a occurrence of a Going Public Event (as defined in the Genesis Exchange Agreement),
all, and not less than all, of the shares of Original Series B Preferred Stock (but no shares of Series B Preferred Dividend Stock
which shall be fully cancelled) shall automatically (and without any further action on the part of the Corporation or any holder
of Original Series B Preferred Stock) convert into the Series B Conversion Shares (as defined in Exhibit II, attached
hereto) as computed immediately prior to the Going Public Event, and, thereafter, each holder of Original Series B Preferred Stock
shall be entitled to receive its pro-rata portion of the Series B Conversion Shares. The pro-rata share of the Series B Conversion
Shares of each holder of Original Series B Preferred Stock shall be determined by multiplying the total number of Series B Conversion
Shares by a fraction, the numerator of which number of shares of Original Series B Preferred Stock held by such holder immediately
prior to the Going Public Event (excluding any issued shares of Series B Preferred Dividend Stock) and the denominator of which
is the aggregate number of shares of Original Series B Preferred Stock (excluding any issued shares of Series B Preferred Dividend
Stock) held by all holders of Original Series B Preferred Stock immediately prior to the Going Public Event.

 

6.2.
Optional Conversion.

 

6.2.1.
Time. Beginning one (1) year after the Original Issue Date or upon an earlier Liquidating Event (as defined in Exhibit
II) (assuming no prior Going Public Event), each holder of Series B Preferred Stock will be entitled to elect to convert
its shares of Series B Preferred Stock (excluding any issued shares of Series B Preferred Dividend Stock) into that number of
shares of Common Stock as shall be determined by dividing the number of shares of Series B Preferred Stock which the holder desires
to convert by the Series B Conversion Percentage, as computed at that time.

 

    	- 3 -

    	 

    

 

6.2.2.
Information to be Provided. If the Corporation proposes a Liquidating Event, the Corporation will give the holders of Series
B Preferred Stock not less than 10 days’ advance written notice of the proposed closing date or other date of proposed consummation
of the Liquidating Event, which notice shall state reasonable details (including the Series B Conversion Percentage) sufficient
to allow the holder to make an informed decision whether to voluntarily convert. The holder may make an election to convert by
as set forth in Section 6.2.3, below, and such optional conversion shall occur immediately prior to and contingent
upon the closing or completion of the Liquidating Event. If at any time the Corporation determines that the proposed Liquidating
Event shall not be consummated, the Series B Preferred Stock shall not be converted and the Corporation shall return the Series
B Preferred Stock to the holder.

 

6.2.3.
Method for Optional Conversion. In order to effect an optional conversion, a holder of shares of Series B Preferred Stock
shall: (i) fax (or otherwise deliver) a copy of a fully executed notice of conversion (a “Notice of Conversion”),
in the form as attached hereto as Exhibit I, to the Corporation (Attention: Secretary) and (ii) surrender
or cause to be surrendered the original certificates representing the Series B Preferred Stock being converted (the “Series
B Preferred Stock Certificates”), duly endorsed. Upon receipt by the Corporation of the Notice of Conversion from a
holder of Series B Preferred Stock, the Corporation shall promptly send, via facsimile, a confirmation to such holder stating
that the Notice of Conversion has been received, the date upon which the Corporation expects to deliver the Common Stock issuable
upon such conversion and the name and telephone number of a contact person at the Corporation regarding the conversion. The Corporation
shall not be obligated to issue shares of Common Stock upon a conversion unless either the Series B Preferred Stock Certificates
are delivered to the Corporation as provided above, or the holder notifies the Corporation that such Series B Preferred Stock
Certificates have been lost, stolen or destroyed and delivers the documentation to the Corporation required by Section 15.2
below.

 

6.3.
Anti-Dilution Adjustment. In the event that, after the Original Issue Date and prior to consummation of a Going Public
Event, the Corporation (a) sells any Common Stock at a price lower that the Series B Conversion Price (as then
computed, including any prior adjustments pursuant to this Section) or issues (b) any Common Stock Equivalent (as
defined in Exhibit II) to an unaffiliated third party in connection with a private placement at a conversion
price that is lower than the Series B Conversion Price (as then computed, including any prior adjustments
pursuant to this Section), then such Series B Conversion Price shall be reduced to such lower per share price.
Notwithstanding the foregoing, no adjustment of the Series B Conversion Price will occur upon the sale of Acquisition
Preferred Stock, Common Stock or other Common Stock Equivalents if sold: (x) in connection with the acquisition of all
the securities or assets of a Target Company (as defined in Section 2.2(a) below); (y) in a Going Public
Event; or (z) to an unaffiliated third party in connection with a Private Placement Financing (as defined in Exhibit
II), of any securities of the Corporation at an issue price equal to or greater than the Series B Conversion Price
would be if then computed.

 

    	- 4 -

    	 

    

 

6.4.
Reservation of Common 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 B Preferred Stock, such number of its shares of Common Stock as shall from time to time be sufficient to effect
the conversion of all outstanding shares of the Series B 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
B 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,
including, without limitation, engaging in best efforts to obtain the requisite stockholder approval of any necessary
amendment to the Corporation’s Articles of Incorporation.

 

6.5.
Fractional Shares. No fractional share shall be issued upon the conversion of any share or shares of Series B Preferred
Stock. All shares of Common Stock (including fractions thereof) issuable upon conversion of more than one share of Series B
Preferred Stock by a holder thereof shall be aggregated for purposes of determining whether the conversion would result in
the issuance of any fractional share.

 

7.
Limited Preemptive Right. In the event that the Corporation proposes to offer and issue additional Common Stock or Common
Stock Equivalents to Vert or any Affiliate of Vert (other than Common Stock or Common Stock Equivalents currently issued to
Vert or its Affiliate, each individual holder of Series B Preferred Stock will have a preemptive right to invest in such
offering and issuance to the minimum extent necessary to maintain their pro rata ownership of the Fully Diluted Common Stock; provided,
however, that this preemptive right will not apply to a proposed offering or issuance of Common Stock or
Common Stock Equivalents to be issued by the Corporation: (A) in connection with any acquisition of the securities or
assets of another Target Company; (B) in a Going Public Event; or (C) to an unaffiliated third party in
connection with a Private Placement Financing,.

 

8.
Parity. The Series B Preferred Stock will have substantially identical provisions as the the Acquisition Preferred
Stock; provided, however, that the Acquisition Preferred Stock may have different original issue prices and conversion
percentages, will not have preemptive rights and certain of them may not require the payment of a dividend.

 

9.
Reissuance of Series B Preferred Stock. No share or shares of Series B Preferred Stock acquired by the Corporation by
reason of redemption, purchase, conversion or otherwise shall be reissued, and all such shares shall be canceled, retired and
eliminated from the shares which the Corporation shall be authorized to issue.

 

10.
Redemption. The Series B Preferred Stock is not redeemable.

 

11.
Notice. Except as may otherwise be provided for herein, all notices referred to herein shall be in writing, and all
notices hereunder shall be deemed to have been given and received upon the earlier of receipt of such notice or four Business
days after the mailing of such notice, if sent by registered mail, with postage pre-paid, addressed: (a) if to the
Corporation, to the attention of its corporate secretary or to an agent of the Corporation designated as permitted by the
Corporation’s Certificate of Incorporation, as amended; (b) if to any holder of Series B Preferred Stock, to
such holder at the address of such holder as listed in the stock record books of the Corporation (which may include the
records of the Corporation’s transfer agent); or (c) to such other address as the Corporation or holder, as the
case may be, shall have designated by notice similarly given.

 

    	- 5 -

    	 

    

 

12.
Amendment. This Certificate of Designation or any provision hereof may be amended by obtaining the affirmative vote at a
meeting duly called for such purpose (or written consent without a meeting in accordance with the DGCL) of (i) the holders of
a majority of the outstanding shares of Series B Preferred Stock, voting separately as a single class, and (ii) with such
other stockholder approval, if any, as may then be required pursuant to the Delaware General Corporation Law and the
Certificate of Incorporation.

 

13.
Transfer Restrictions.

 

13.1.
Lock Up Agreements. If In connection with any Going Public Event, the underwriter of the Corporation’s securities or
any purchaser of securities issued by Vert requests that certain Genesis Parties agree, for a period of time, not to Transfer
any or all of the shares of Common Stock issued to them upon the Going Public Event (the “Restricted Stock”),
the Genesis Parties hereby covenant and agree that they shall each execute and deliver an agreement (a “Lock-up Agreement”),
in form and content satisfactory to the Corporation’s Board (or the board of directors of the public company if the Going
Public Event has been accomplished by a Reverse Merger (as defined as part of the definition of Going Public Event), pursuant
to which, inter alia, each such Member or its assignees or nominees (the “Lock-up Parties”) shall agree
not to effect any Transfer (except to members of its immediate family or trusts for the benefit of its immediate family members)
of any shares of Restricted Stock then owned of record or beneficially by it for a period of one year after the consummation of
the IPO or any other Going Public Event (the “Lock-up Period”), and that after the Lock-up Period, it will
not sell more than 25% of the number of the shares of Restricted Stock during any three month period, unless (i) otherwise
approved by the Corporation’s Board (or the board of directors of the public company if the Going Public Event has been
accomplished by a Reverse Merger); or (ii) other shareholders are selling a greater percentage of the shares issued to
them in connection with the IPO or other Going Public Event. Notwithstanding the foregoing, the Lock-up Parties shall not be required
to execute a Lock-up Agreement unless each of Vert and the executive officers and directors of the Corporation and other stockholders
owning more than 10% of the Fully Diluted Common Stock are also required to execute similar Lock-up Agreements containing substantially
identical terms and conditions, including the period of restrictions on Transfer.

 

13.2.
Legend. After the Lock-Up Period, any legend endorsed on a certificate pursuant to this Section 13 and the
stop transfer instructions with respect to such securities shall be removed and the Company shall promptly, upon request,
issue a certificate without such legend to the holder thereof if: (a) such securities are eligible to be sold by the
holder thereof in accordance with the terms of Rule 144 promulgated under the Securities Act, (b) such securities are
registered under the Securities Act and a prospectus meeting the requirements of Section 10 of the Securities Act is
available, or (c) such holder provides Company with an opinion of counsel for such holder, reasonably satisfactory to
legal counsel for Company to the effect that a Transfer of such securities may be made without registration.

 

    	- 6 -

    	 

    

 

14.
Protective Provisions. So long as any shares of Series B Preferred Stock are outstanding, the Corporation shall not, nor
shall it permit any of its subsidiaries to, take any of the following corporate actions without first obtaining the
affirmative vote, at a meeting duly called for such purpose (or written consent without a meeting in accordance with the
DGCL), of the holders of a majority of the outstanding shares of Series B Preferred Stock, voting separately as a single
class:

 

14.1.
Adversely alter or change the rights, preferences or privileges of the Series B Preferred Stock, or increase the authorized
number of shares of Series B Preferred Stock;

 

14.2.
issue any shares of Series B Preferred Stock, other than the Original Series B Preferred Stock and the Series B Preferred
Dividend Stock; or

 

14.3.
except in connection with a Private Placement Financings, issue any shares of Preferred Stock that rank senior to the Series
B Preferred Stock.

 

Notwithstanding
the foregoing, no change pursuant to this Section 12 shall be effective to the extent that, by its terms, it applies
to less than all of the holders of shares of Series B Preferred Stock then outstanding.

 

15.
Miscellaneous.

 

15.1.
Cancellation of Series B Preferred Stock. If any shares of Series B Preferred Stock are converted pursuant to this
Certificate of Designations, the shares so converted shall be canceled, shall return to the status of authorized, but
unissued Series B Preferred Stock of no designated series, and shall not be issuable by the Corporation as Series B Preferred
Stock.

 

15.2.
Lost or Stolen Certificates. Upon receipt by the Corporation of (a) evidence of the lost, theft, destruction or
mutilation of any Series B Preferred Stock Certificate(s) and (b) (i) in the case of loss, theft or
destruction, indemnity (without any bond or other security) reasonably satisfactory to the Corporation, or (ii) in the
case of mutilation, the Series B Preferred Stock Certificate(s) (surrendered for cancellation), the Corporation shall execute
and deliver new Series B Preferred Stock Certificate(s) of like tenor and date. However, the Corporation shall not be
obligated to reissue such lost, stolen, destroyed or mutilated Series B Preferred Stock Certificate(s) if the holder
contemporaneously requests the Corporation to convert such Series B Preferred Stock.

 

15.3.
Waiver. Notwithstanding any provision in these Certificate of Designations to the contrary, any provision contained
herein and any right of the holders of Series B Preferred Stock granted hereunder may be waived as to all shares of Series B
Preferred Stock (and the holders thereof) upon the affirmative vote, at a meeting duly called for such purpose (or written
consent without a meeting in accordance with the DGCL), of the holders of a majority of the outstanding shares of Series B
Preferred Stock, voting separately as a single class, unless a higher percentage is required by applicable law, in which case
the written consent of the holders of not less than such higher percentage of shares of Series B Preferred Stock shall be
required.

 

    	- 7 -

    	 

    

 

 

15.4.
Information Rights. So long as shares of Series B Preferred Stock are outstanding, the Corporation will deliver to each holder
of Series B Preferred Stock (a) unaudited annual financial statements to the holders of Series B Preferred Stock within
90 days after the end of each fiscal year; and (b) unaudited quarterly financial statements within 45 days of the end of
each fiscal quarter. Notwithstanding the foregoing, in the event and to the extent that such information is electronically available
on the web site of the Securities and Exchange Commission (www.sec.gov), the Corporation need not separately furnish such
documents to holders of the Series B Preferred Stock.

 

The
undersigned declares under penalty of perjury under the laws of the State of Nevada that the matters set forth in this certificate
are true and correct of his own knowledge.

 

The
undersigned has executed this certificate on                     ,
2015.

 

	 	 
	 	Mark
    Elliott, Chief Executive Officer

 

    	- 8 -

    	 

    

 

EXHIBIT
I

 

BOXLIGHT
CORPORATION

CONVERSION NOTICE

 

Reference
is made to the Certificate of Designations of the Series B Convertible Preferred Stock (the “Certificate of Designations”)
of Boxlight Corporation, a Nevada corporation (the “Corporation”). In accordance with and pursuant to the Certificate
of Designations, the undersigned hereby elects to convert the number of shares of Series B Convertible Preferred Stock, $0.0001
par value per share (the “Series B Preferred Stock”), of the Corporation indicated below into shares of common
stock, $0.0001 value per share (the “Common Stock”), of the Corporation, as of the date specified below.

 

Date
of Conversion:                                                                                                                                                 

 

Number
of shares of Series B Preferred Stock to be converted:                                                                             

 

Share
certificate no(s). of Series B Preferred Stock to be converted:                                                                     

 

Tax
ID Number (if applicable):                                                                                                                              

 

Number
of shares of Common Stock to be issued:                                                                                                 

 

Please
issue the shares of Common Stock into which the shares of Series B Preferred Stock are being converted in the following name and
to the following address:

 

	 	Issue
    to:	 	 
	 	 		 
	 	Address:	 	 
	 	 	 	 
	 	Telephone
    Number:	 	 
	 	Facsimile
    Number:	 	 
	 	Name
    of Holder:	 	 

 

	 	By:	 	 
	 	Print
    Name:	 	 
	 	Print
    Title:	 	 
	 	Date:	 	 

 

Account
Number (if electronic book entry transfer):                                                                                                           

 

Transaction
Code Number (if electronic book entry transfer):                                                                                            

 

    	 

    	 

    

 

EXHIBIT
II

 

DEFINITIONS

 

As
used in this Certificate of Designations, the following terms will bear the following meanings:

 

“Affiliate”
means (i) any individual who is a parent, spouse, sibling, or descendant of a party and (ii) any Person
that is controlled by, controls or is under common control with a party, and for the purpose of this definition, “controlled
by”, “controls”, and “under common control with” mean and refer
to the possession, direct or indirect, of the power to direct or cause the direction of the management and policies of a Person,
through the ownership of voting securities, by contract, or otherwise.

 

“Business
Day” means a day, other than a Saturday or Sunday, on which commercial banks in New York City, New York are open
for the general transaction of business.

 

“Common
Stock Equivalents” means all options, warrants, promissory notes, debentures, preferred stock (including the Series
B Preferred Stock and all series of Acquisition Preferred Stock) and other instruments issued by the Corporation which are convertible
into or exercisable for shares of the Corporation’s Common Stock.

 

“Liquidating
Event” means either: (i) the voluntary or involuntary liquidation, dissolution or winding up of the
Corporation, or such of the Corporation’s subsidiaries the assets of which constitute all or substantially all the assets
of the business of the Corporation and its subsidiaries taken as a whole; or (ii) a Sale of Control.

 

“Person”
means any person or entity, whether an individual, trustee, corporation, limited liability company, general partnership, limited
partnership, trust, unincorporated organization, business association, firm, joint venture, governmental agency or authority or
any other for profit or not for profit legal or commercial entity.

 

“Private
Placement Financing(s)” means any one or more private placements for cash of Common Stock or other securities of
the Corporation (including Common Stock Equivalents) in any transaction that is exempt from the registration requirements of the
Securities Act of 1933, as amended.

 

“Sale
of Control” means the sale of all or substantially all of the assets or capital stock of the Corporation and its
subsidiaries, whether by merger, consolidation, tender offer or like combination, to any person who is not an affiliate of the
Corporation or any of the Corporation’s Affiliates.

 

“Series
B Conversion Percentage” is determined by dividing the number of shares of Original Series B Preferred Stock by
the number of Series B Conversion Shares issuable at any specified time.

 

“Series
B Conversion Price” is determined by multiplying the Series B Original Issue Price by the Series B Conversion Percentage.

 

“Series
B Conversion Shares” means that number of shares of Common Stock as would equal four percent (4.0%) of the Fully
Diluted Common Stock at any specified time.

 

“Transfer”
means to sell, transfer, hypothecate or otherwise assign.

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