Document:

Certificate of Designation of Series A Convertible Preferred Stock

 Exhibit 4.1 
 CERTIFICATE OF DESIGNATION 
 of 
 SERIES A CONVERTIBLE PREFERRED STOCK 
 of 
 E-SMART TECHNOLOGIES, INC. 
 (Pursuant
to NRS 78.1955) 
 E-SMART TECHNOLOGIES, INC., a corporation organized and existing under the Nevada Revised Statutes (hereinafter called the
“Corporation”), hereby certifies that the following resolution was adopted by the Board of Directors of the Corporation as required by NRS 78.1955 at a meeting duly called and held on February 29, 2008. 
 RESOLVED, that pursuant to the authority granted to and vested in the Board of Directors of the Corporation (the “Board’) in accordance
with the provisions of the certificate of incorporation of the Corporation, as currently in effect, the Board hereby fixes the relative rights, preferences, and limitations thereof as follows: 
 Series A Convertible Preferred Stock: 17,500,000 shares 
 Section 1. Designation and Amount. By amendment dated August 11, 2000, the Corporation established 20,000,000 shares of preferred stock, par value $0.001, and of those shares, 17,500,000 shares are
hereby designated as “Series A Convertible Preferred Stock” (the “Series A Preferred Stock”). Such number of shares may be increased by resolution of the Board of Directors. 
 Section 2. Voting Rights. Except as otherwise required by law, the holders of shares of Series A Preferred Stock shall vote on an “as
converted” basis unless and until such shares are converted into shares of common stock, par value $.001 per share, of the Corporation (the “Common Stock”). 
 Section 3. Conversion. 
 (a)
Subject to the limitations in Section 8 below, each share of Series A Preferred Stock shall be convertible into a number of shares of Common Stock equal to the Conversation Ratio (as defined below). 
  

 (b) The “Conversion Ratio” shall initially equal 1:65.191890 shares of Common Stock and shall
be subject to adjustment, from time to time, pursuant to Section 4 below. 
 (c) In order to convert any shares of Series A Preferred
Stock, in whole or in part, into full shares of Common Stock, the applicable Holder shall give written notice in the form of Exhibit 1 (the “Conversion Notice”) by facsimile (with the original of such notice forwarded via overnight
courier) to the Corporation at its principal offices to the effect that such Holder elects to have converted the number of shares of Series A Preferred Stock specified therein (such notice and election shall be irrevocable by the Holder). The
effective date of conversion (the “Holder Conversion Date”) shall be deemed to be the date on which the Corporation receives by facsimile the Conversion Notice. 
 (d) Upon receipt by the Corporation of such Conversion Notice by facsimile and courier, and surrender of the Series A Preferred share certificate, the Corporation shall issue and deliver within thirty days(A) a
certificate or certificates representing the number of shares of Common Stock being acquired upon the conversion of shares of Series A Preferred Stock (subject to reduction pursuant to Section 8 below), and (B) one or more certificates
representing the number of shares of Series A Preferred Stock not converted. The person or persons entitled to receive the shares of Common Stock issuable upon such conversion shall be treated for all purposes as the record holder of such shares of
Common Stock on the Holder Conversion Date. 
 (e) Each certificate representing shares of Series A Preferred Stock surrendered to the
Corporation for conversion pursuant to this Section 3 shall, on the Holder Conversion Date and subject to issuance of the shares of Common Stock issuable upon conversion thereof, be canceled and retired by the Corporation. Upon issuance of the
shares of Common Stock issuable upon conversion of the Series A Preferred Stock pursuant to this Section 3, the shares of Series A Preferred Stock formerly represented thereby shall be deemed to be canceled and shall be considered to be
authorized but unissued and outstanding for any purpose, including without limitation, for purposes of accumulating dividends thereon. 
 (f)
In the event of a liquidation of the Corporation, the conversion rights shall terminate at the close of business on the first full day preceding the date fixed for the payment of any amounts distributable on liquidation to the holders of Series A
Preferred Stock. 
 Section 4. Adjustments; Reorganizations. 
 (a) Adjustment for Splits and Combinations. (i) In the event the Corporation at any time or from time to time hereafter makes, or fixes a
record date for the effectuation of a split or subdivision of the outstanding shares of Common Stock without payment of any consideration, or to effect a dividend of Common Stock to the holders of Common Stock, then as of such record date (or the
date of such split or subdivision, dividend or distribution if no record date is fixed), the Conversion Ratio shall be increased in proportion to such increase of the aggregate shares of Common Stock outstanding. 
  

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 (ii) If the number of shares of Common Stock outstanding at any time after the Issuance Date is decreased
by a combination of the outstanding shares of Common Stock, then, following the record date of such combination (or the date of such combination if no record date is fixed), the Conversion Ratio shall be appropriately decreased in proportion to such
decrease in of the aggregate shares of Common Stock outstanding. 
 (b) Adjustment for Dividends and Distributions. In the event the
Corporation at any time or from time to time after the Issuance Date makes, or fixes a record date for the determination of holders of Common Stock entitled to receive, a dividend or other distribution payable in securities, cash or other assets of
the Corporation (other than shares of Common Stock) or any of its subsidiaries, including in connection with a spin-off, then and in each such event, provision shall be made so that the Holders shall concurrently receives dividends or distributions
equal in amount and in the same kind of property (whether cash, securities or other property) as such Holder would be entitled to receive if all of the outstanding Series A Preferred Stock were converted into Common Stock as of the record date of
such dividend or distribution with respect to Common Stock. For purposes of this Section 4(b), the number of shares of Common Stock so receivable upon conversion by the Holder shall be deemed to be that number which the Holder would have
received upon conversion of the Series A Preferred Stock if the Holder Conversion Date had been the day preceding the date upon which the Corporation announced the making of such dividend or other distribution. 
 (c) Adjustment for Reclassification, Exchange and Substitution. In the event that at any time or from time to time after the Issuance Date, the
Common Stock issuable upon the conversion of the Series A Preferred Stock is changed into the same or a different number of shares of any class or classes of stock, whether by recapitalization, reclassification or otherwise (other than a subdivision
or combination of shares or stock dividend or reorganization provided for elsewhere in this Section 4), then and in each such event each Holder shall thereafter have the right upon conversion to receive, the kind and amount of shares of stock
and other securities, cash and property receivable upon such recapitalization, reclassification or other change, by holders of the number of shares of Common Stock which the Holder of shares of Series A Preferred Stock would have received had it
converted such shares immediately prior to such recapitalization, reclassification or other change, at the Conversion Ratio then in effect (the kind, amount and price of such stock and other securities to be subject to adjustments as herein
provided). Prior to the consummation of any recapitalization, reclassification or other change contemplated hereby, the Corporation will make appropriate provision (in form and substance satisfactory to the Holders of a majority of the Series A
Preferred Stock then outstanding) to ensure that each of the Holders of the Series A Preferred Stock will thereafter have the right to acquire and receive in lieu of or in addition to (as the case may be) the shares of Common Stock otherwise
acquirable and receivable upon the conversion of such Holder’s Series A Preferred Stock, such shares of stock, securities or assets that would have been issued or payable in such recapitalization, reclassification or other change with respect
to or in exchange for the number of shares of Common Stock which would have been acquirable and receivable upon the 

  

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conversion of such Holder’s Series A Preferred Stock had such recapitalization, reclassification or other change not taken place (without taking into
account any limitations or restrictions on the timing or amount of conversions). In the event of such recapitalization, reclassification or other change, the formulae set forth herein for conversion and redemption shall be equitably adjusted to
reflect such change in number of shares or, if shares of a new class of stock are issued, to reflect the market price of the class or classes of stock issued in connection with the above described events. 
 (d) Reorganization. If at any time or from time to time after the Issuance Date there is a capital reorganization of the Common Stock (other than
a recapitalization, subdivision, combination, reclassification or exchange of shares provided for elsewhere in this Section 4) then, as a part of such reorganization, provisions shall be made so that the Holders shall thereafter be entitled to
receive, subject to a delay in delivery to Holders pursuant to Section 8 below, upon conversion of its shares of Series A Preferred Stock the number of shares of stock or other securities or property to which a holder of the number of shares of
Common Stock deliverable upon conversion would have been entitled to receive had the holder of shares of Series A Preferred Stock converted such shares immediately prior to such capital reorganization, at the Conversion Ratio then in effect. In any
such case, appropriate adjustments shall be made in the application of the provisions of this Section 4 with respect to the rights of the Holders after such capital reorganization to the extent that the provisions of this Section 4 shall
be applicable after that event and be as equivalent as may be practicable, including, by way of illustration and not limitation, by equitably adjusting the formulae set forth herein for conversion and redemption to reflect the market price of the
securities or property issued in connection with the above described events. 
 (e) Certain Events. If any event occurs of the type
contemplated by the foregoing provisions of this Section 4 but not expressly provided for by such provisions, then the Corporation’s Board of Directors will make an appropriate adjustment in the Conversion Ratio so as to protect the rights
of the holders of the Series A Preferred Stock; provided, however, that no such adjustment will decrease the Conversion Ratio as otherwise determined pursuant to this Section 4. 
 Section 5. Dividends. 
 (a)
Except as otherwise provided in Section 5(b) below, the shares of Series A Preferred Stock shall not be entitled to any dividends in respect thereof unless and until the Board, in its discretion, so elects. 
 (b) The Corporation shall not declare or make any dividend or distribution with respect to Common Stock, unless each holder of Series A Preferred Stock
concurrently receives dividends or distributions equal in amount and in the same kind of property (whether cash, securities or other property) as such holder would be entitled to receive if all of the outstanding Series A Preferred Stock were
converted into Common Stock as of the record date of such dividend or distribution with respect to Common Stock. 
  

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 (c) No cash dividends may be paid, or funds set apart for payment, on shares of any class of Junior
Securities until all accrued dividends on the Series A Preferred Stock have been paid in full or declared and funds set apart for payment thereof in full. “Junior Securities” means the Common Stock and all other equity securities of the
Corporation which are junior in rights and liquidation preference to the Series A Preferred Stock. 
 Section 6. Rank; Liquidation.
The Series A Preferred Stock shall rank, with respect to the payment of dividends and the distribution of assets, senior to the Junior Securities. The Holders of Series A Preferred Stock, in the event of any voluntary or involuntary liquidation,
dissolution or winding up of the Corporation, shall be entitled to receive in cash out of the assets of the Corporation, whether from capital or from earnings available for distribution to its stockholders (the “Preferred Funds”), before
any amount shall be paid to the holders of any Common Stock or any other Junior Securities, an amount that the Holders would receive as a pro rata share of the assets of the Corporation legally available for distribution determined on an
as-converted to Common Stock basis based on the Conversion Ratio at the time in effect for the Series A Preferred Stock and number of other shares of Common Stock then outstanding. 
 Section 7. Fractional Shares. No fractional shares of Common Stock or scrip representing fractional shares of Common Stock shall be issuable
hereunder and the Corporation shall pay cash in an amount equal to the value of the fractional share of Common Stock to which any holder would otherwise be entitled. 
 Section 8. Reservation of Stock. The Corporation shall reserve and keep available unissued shares of Common Stock as shall be necessary for the purpose of effecting the conversion of shares of issued and
outstanding Series A Preferred Stock and for the payment of any dividends in shares of registered Common Stock, which shares shall be free of preemptive rights, for the purpose of enabling the Corporation to satisfy any obligation to issue shares of
its Common Stock, or other securities, upon conversion of all shares of Series A Preferred Stock pursuant hereto. Calculation of reservation shall occur on a periodic basis and any periodic inadequate reserve of authorized Common Stock shall not
limit or affect the “as converted” voting rights of the Series A Preferred Shares. 
 Section 9. Taxes. The Corporation
shall pay any and all documentary, stamp or similar taxes attributable to the issuance and delivery of Common Stock or other securities upon conversion of the Series A Preferred Stock. However, the Corporation shall not be required to pay any tax
which may be payable in respect to any transfer involved in the issue and delivery of shares of Common Stock upon conversion in a name other than that in which the shares of the Series A Preferred Stock so converted were registered, and no such
issue or delivery shall be made unless and until the person requesting such issue or delivery has paid to the Corporation the amount of any such tax, or has established, to the satisfaction of the Corporation, that such tax has been paid. The
Corporation shall not be required to pay any income tax upon the issuance of Common Stock in lieu of cash payment of dividends or redemption payments. 
  

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 Section 10. No Impairment. Unless specifically approved by the Board of Directors of the
Corporation, the Corporation shall not intentionally take any action which would impair the rights and privileges of the Series A Preferred Stock set forth herein or the rights of the Holders thereof. The Corporation will not, by amendment of its
certificate of incorporation or through any reorganization, transfer of assets, consolidation, merger, dissolution, issue or sale of securities or any other voluntary action, avoid or seek to avoid the observance or performance of any of the terms
to be observed or performed hereunder by the Corporation, but will at all times in good faith assist in the carrying out of all the provisions herein and in the taking of all such action as may be necessary or appropriate in order to protect the
Conversion Rights of the holders of the Series A Preferred Stock against impairment. 
 Section 11. Replacement Certificate. In
the event that any Holder notifies the Corporation that a stock certificate evidencing shares of Series A Preferred Stock has been lost, stolen, destroyed or mutilated, the Corporation shall issue a replacement stock certificate evidencing the
Series A Preferred Stock identical in tenor and date (or if such certificate is being issued for shares not covered in a redemption or conversion, in the applicable tenor and date) to the original stock certificate evidencing the Series A Preferred
Stock, provided that the Holder executes and delivers to the Corporation an affidavit of lost stock certificate and an agreement reasonably satisfactory to the Corporation to indemnify the Corporation from any loss incurred by it in
connection with such Series A Preferred Stock stock certificate; provided, however, the Corporation shall not be obligated to re-issue replacement stock certificates if the Holder contemporaneously requests the Corporation to convert
or redeem the full number of shares evidenced by such lost, stolen, destroyed or mutilated certificate. 
 Section 12. Amendment.
Unless specifically approved by the Board of Directors of the Corporation, the certificate of incorporation of the Corporation shall not be amended, including any amendment through consolidation, merger, combination or other transaction, in any
manner which would materially alter or change the powers, preferences or special rights of the Series A Preferred Stock so as to affect them adversely without the affirmative vote of the holders of at least a majority of the outstanding shares of
Series A Preferred Stock, voting together as a single class. 
  

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 IN WITNESS WHEREOF, the Corporation has caused this Certificate of Designation to be duly executed by an officer
thereunto duly authorized this 2nd day of May, 2008. 
  

			
	E-SMART TECHNOLOGIES, INC.
		
	 By:
	 	 /s/ Mary Grace

	 Name:
	 	 Mary Grace

	 Title:
	 	 Chief Executive Officer

  

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 EXHIBIT 1 
 CONVERSION NOTICE 
 Reference is made to the Certificate of Designation of the Series A Preferred Stock (the
“Certificate of Designation”) of E-SMART TECHNOLOGIES, INC., a Nevada corporation (the “Corporation”). In accordance with and pursuant to the Certificate of Designation, the undersigned hereby elects to have the Corporation
convert the number of shares of Series A Convertible Preferred Stock, par value $0.01 per share (the “Series A Preferred Stock”), of the Corporation, indicated below into shares of Common Stock, par value $0.001 per share (the “Common
Stock”), of the Corporation, by tendering the stock certificate(s) representing the share(s) of Series A Preferred Stock specified below as of the date specified below. 
  

			
	Date of Conversion:	 	  

		
	Number of Series A	 	
	Preferred Stock to be converted:	 	  

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

		
	Please confirm the following information:	 	  

		
	Conversion Ratio:	 	  

		
	Shares of Common Stock:	 	  

		
		 	  

 Please issue the Common Stock into which the Series A Preferred Stock are being converted and, if applicable, any
check drawn on an account of the Corporation in the following name and to the following address: 
  

			
	 Issue to:
	 	  

		
	 Facsimile Number:
	 	  

		
	 Authorization:
	 	  

					
			
		 	 By:
	 	  

			
		 	 Title:Amended & Restated Retention Program Plan (RP Years 1999-2007)

 EXHIBIT 10.4 
  
  
 AMENDED AND RESTATED 
 SVB FINANCIAL GROUP 
 RETENTION PROGRAM PLAN 
 RP YEARS 1999
to 2007 
 Effective as of January 1, 2004 
 Amended as of July 23, 2008 
  
  
 PURPOSE 
 The purpose of the Amended and Restated SVB Financial Group Retention Program Plan is to: 
  

	 	•	 	 Recognize the valuable contributions made by certain key individuals of the Company; and 

  

	 	•	 	 Retain and motivate those key individuals who are critical to the Company’s long-term success. 

 The Plan is designed to allow individuals to share in: (i) returns from designated investments made by the Company and its Affiliates, including
investments in designated venture capital funds and direct equity investments; (ii) income realized from the exercise of, and the subsequent sale of underlying shares of, warrants held by the Company; and (iii) other designated amounts, as
determined by the Compensation Committee. 
 This Plan shall be effective as of January 1, 2004, amended July 23, 2008. 

DEFINITIONS 
 “Affiliate” means any parent corporation or subsidiary corporation, whether now or hereafter existing, as those terms are defined in sections 424e) of the Internal Revenue Code of 1986, as amended. 
 “Company” means SVB Financial Group, a Delaware corporation. 
 “Compensation Committee” means the Compensation Committee of the Board of Directors of the Company. 
 “Participant” means an employee chosen to participate in the Plan for any RP Year by the Company’s Steering Committee in its
sole discretion (participation of members of the Steering Committee or other executive officers requires the approval of the Compensation Committee) and who meets the eligibility requirements provided under this Plan. 
 “Plan” means this Amended and Restated SVB Financial Group Retention Program Plan. 
 “Pool” means in the case of any RP Years 1999 to 2007, the pool of returns on investments and other amounts designated by the
Compensation Committee for such RP Year under this Plan. 
 “Program” means the Company’s Retention Program.

  

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 “RP Year” means a full fiscal year of the Company. 
 “Steering Committee” means the Steering Committee of the Company or its designated subcommittee for purposes of administering the
Plan. 
 ADMINISTRATION 
 The Compensation Committee shall administer the Plan and shall have full power and authority to construe, interpret and administer the Plan, including waiver of any requirements under the Plan. The Compensation Committee may, at its
discretion, delegate its duties hereunder to the Steering Committee; provided, however, the following must be ratified by the Compensation Committee: (i) the allocated investments and other amounts to be included in
the Plan for each respective RP Year, and (ii) the percentage interests in the Plan of all Steering Committee members and other executive officers. 
 All determinations and decisions of the Compensation Committee shall be final, conclusive and binding upon all persons. 
 ELIGIBILITY FOR PARTICIPATION 
 To be eligible to participate in the Plan for
any RP Year, employee Participants must be employed with the Company or its Affiliates at the time of selection for participation. Additionally, all Participants shall abide by the Company’s Code of Conduct, Venture Capital Fund Investment
Policies and Procedures, and any other applicable policies and procedures of the Company and/or its Affiliates as determined by the Compensation Committee. 
 All Participants for each RP Year will be selected by the Compensation Committee, at its sole discretion. Participation by Steering Committee members or other executive officers must be ratified by the Compensation
Committee if the Compensation Committee’s administrative powers are delegated to the Steering Committee. 
 ANNUAL
PROGRAM 
 Pool 
 Under the Plan, the Compensation Committee will, on an annual basis, allocate certain investments and other amounts for inclusion in the Plan for the respective RP Year. Aggregate net returns on such designated
investments and amounts will constitute the Pool from which distributions to Participants will be made based on the Participants’ respective percentage interests in the Plan. 
 Term 
 The Company’s
obligation to make distributions under the Plan for an RP Year will be for ten (10) years. Final distributions from the Pool will be made to Participants on or before March 15 (or if such date is a Saturday or Sunday, the next business
day) of the tenth year after the RP Year. For example, the final distribution for RP Year 1999 shall be on or before March 15, 2009. 
  

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 Participants’ Percentage Interests 
 Each Participant’s share of the Pool for each RP Year will be determined by the Steering Committee, with the exception of Steering Committee members
and other executive officers, whose share of the Pool for each RP Year will be determined by the Compensation Committee. 
 Distributions 
 All distributions out of the Pool will be made by March 15 of the year following the
Company’s receipt. Distributions will be paid to Participants only to the extent returns are received by the Company, subject to the terms herein. If no returns are received by the Company on the investments allocated for a specific RP Year,
then no distributions will be made in the following year. 
 Any returns which the Company may receive in the form of stock will be retained
by the Company until such time as the Company, in its sole discretion, liquidates the stock. The Participants’ percentage interest in the proceeds realized from the liquidation of such stock will then be paid to the Participants by
March 15 following the year of liquidation. 
 Payment of any distributions under the Plan may be postponed, reduced and/or eliminated
pursuant to applicable law or regulation or as otherwise determined by federal and state regulations to which the Company and its Affiliates are subject, as determined by the Compensation Committee. 
 Distributions under the Plan are accrued on a quarterly basis for accounting purposes only. Participants are eligible for distributions only to
the extent that they meet the criteria below under Eligibility for Distributions. 
 Eligibility for Distributions

 In order to be entitled to receive distributions, Participants must be employed by the Company or its Affiliates on the date
distributions are paid to Participants, except as otherwise provided herein, and have satisfactory performance reviews. 
 A Participant
whose performance is unsatisfactory, as determined by such Participant’s supervisor in his or her reasonable discretion, forfeits any distributions which the Participant would otherwise have received by the March 15 following the year of
unsatisfactory performance. If the Participant’s performance improves to satisfactory or above in a subsequent year, the Participant will again become eligible to receive distributions under the Plan for such subsequent year or years, until the
expiration of the applicable 10-year term. 
 NO ASSURANCES OF DISTRIBUTIONS 

No assurances will be made by the Company or any of its Affiliates to any Participant as to payment of any distributions. No Participant may have any
claim against the Company in the event such Participant does not receive a distribution because the Company did not realize any returns from the designated investments and amounts. 
 TERMINATION OF EMPLOYMENT 
 Participants must be employed
by the Company on the date the distributions are actually paid for any RP Year. A Participant who terminates employment with the Company forfeits his or her interest in the Plan for all RP Years, whether or not accrued. A transfer of employment
between the Company and 

  

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its Affiliates shall not be deemed a termination of employment. Exceptions may only be made with the written approval of the Chief Executive Officer of the
Company. Exceptions for members of the Steering Committee or other executive officers may only be made with the approval of the Board of Directors Compensation Committee. 
 PRIOR YEAR PLANS 
 Nothing in this Plan shall be
construed as reducing any benefits granted to any Participant during any RP Year prior to January 1, 2004, unless consented to in writing by such Participant. 
  

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 WITHHOLDING 
 The Company will withhold from the payment of any distribution hereunder any amount required to be withheld for taxes. 
 NO RIGHTS TO EMPLOYMENT 
 Nothing in this Plan shall interfere
with or limit in any way the right of the Company or any Affiliate to terminate any Participant’s employment at any time, nor confer upon any Participant any right to continue in the employ of the Company or any Affiliate. 
 NO ASSIGNMENT; CERTAIN RIGHTS OF PARTICIPANTS 
 Except as otherwise required by applicable law, any interest, benefit, payment, claim or right of any participant under the Plan shall not be sold,
transferred, assigned, pledged, encumbered or hypothecated by any Participant and shall not be subject in any manner in to any claims of any creditor of any Participant or beneficiary, and any attempt to take any such action shall be null and void.
During the lifetime of any Participant, payment of a distribution shall only be made to such Participant. Notwithstanding the foregoing, the Compensation Committee may establish such procedures as it deems necessary for a Participant to designate a
beneficiary to whom any amounts would be payable in the event of any Participant’s death. 
 To the extent a Participant or other person
acquires a right to receive a distribution hereunder, such right shall be no greater than the right of an unsecured general creditor of the Company or any Affiliate. 
 ARBITRATION 
 Any and all disputes or controversies arising from or regarding the
interpretation, performance, enforcement or termination of the Plan will be resolved by final and binding arbitration under the procedures set forth in the Arbitration Procedures and the then existing rules of practice and procedure of the Judicial
Arbitration and Mediation Services, Inc. (or its successor entity). 
 SUSPENSION, REVISION, AMENDMENT
OR TERMINATION OF THE PLAN 
 The Compensation Committee may,
from time to time, suspend, revise, amend or terminate the Plan. 
 GOVERNING LAW 
 The Plan shall be governed by the laws of California. 
 *    *    * 
  

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