Document:

EFHA Series A Preferred Designation

CERTIFICATE OF DESIGNATION 

ESTABLISHING THE

SERIES C PREFERRED STOCK

Pursuant to Section 151 of the General Corporation Law

Global Arena Holdings, Inc., a corporation organized and existing under the law of the State of Delaware (the “Corporation”), in accordance with the provisions of Section 151 of the General Corporation Law, DOES HEREBY CERTIFY as follows: 

That pursuant to the authority conferred upon the Board of Directors by the Articles of Incorporation of the Corporation, as amended (“Articles of Incorporation”), the Board of Directors of the Corporation by resolution adopted by written consent in lieu of meeting dated July 27, 2022, adopted the following resolution creating a series of 750,000 shares of Preferred Stock, $.001 par value per share, designated as Series C Preferred Stock: 

The Series C preferred stock shall have the following rights, designation, number, powers, preferences, limitations, restrictions, and relative rights and other matters relating to such shares of Series C preferred stock:

A.   Designation and Number.  A series of the preferred stock, designation the “Series C Preferred Stock,” $0.001 par value, is hereby established.  The number of shares of the Series C Preferred Stock shall be Seven Hundred Fifty Thousand (750,000).  The rights, preferences, privileges, and restrictions granted to and imposed on the Series C Preferred Stock are as set forth below.

B.   Dividend Provisions.   None

C.   Conversion Rights.  None

D.   Preemptive Rights.  None

E   Voting Rights.    Each share of Series C Preferred Stock shall entitle the holder thereof to cast 5,000 votes on all matters submitted to a vote of the stockholders of the Corporation. 

IN WITNESS WHEREOF, the Corporation has caused this Certificate of Designation to be signed by its duly authorized officer this 27th day of July 2022. 

Global Arena Holding, Inc.

/s/John Matthews

John Matthews

Chief Executive OfficerExhibit
10.1

 

SELECTIS
HEALTH, INC.

 

AUDIT
COMMITTEE CHARTER

 

As
adopted by the Audit Committee and Board of Directors 

on
July 25, 2022

 

I.
RESPONSIBILITY 

 

The
Selectis Health, Inc.’s (“Selectis”) Audit Committee (“Committee”) was established to assist the Board
of Directors (the “Board”) in carrying out its oversight compliance with laws responsibilities that relate to Selectis’
accounting and financial reporting processes, audits of Selectis’ financial statements, internal controls, and regulations and
ethics. This policy reaffirms that the Committee’s duties are oversight in nature and that the primary responsibility for financial
reporting, internal control, and compliance with laws, regulation, and ethics standards rests with Selectis’ executive management
and that Selectis’ external auditors are responsible for auditing Selectis’ financial statements. The foregoing notwithstanding,
the Committee, in its capacity as the audit committee of the Board, has direct responsibility for the appointment, compensation and oversight
of the work of any registered public accounting firm employed by Selectis (including resolution of disagreements between management and
the auditor regarding financial reporting) for the purpose of preparing or issuing an audit report or related work. The Committee does
not provide any expert or special assurances as to Selectis’ financial statements or any professional certification as to the external
auditor’s work.

 

The
Committee has the power to conduct or authorize investigations into any matters within the Committee’s scope of responsibilities
and to establish procedures concerning the receipt, retention and treatment of complaints regarding accounting, internal accounting controls
or auditing matters and confidential, anonymous employee submissions of concerns regarding questionable accounting or auditing matters.
The Committee is empowered to retain independent counsel, accountants, or others to assist it in the conduct of any investigation. The
Chief Executive Officer, the President, the Chief Financial Officer or the Corporate Secretary of Selectis shall provide, or arrange
to provide, such other information, data and services as the Committee may request. The Committee shall conduct such interviews or discussions
as it deems appropriate with personnel of Selectis, and/or others whose views would be considered helpful to the Committee.

 

    	 

     

    

 

The
Committee’s prior approval is required for all auditing services and non-audit services. However, in the event the aggregate amount
of non-audit services constitutes 5% or less of the total revenues paid by Selectis to its external auditor during the fiscal year in
which non-audit services are provided, if Selectis did not recognize that these services were non-audit services at the time of the engagement
and the Committee is promptly notified of this fact by Selectis, if the Committee (or one or more members of the Committee who are also
members of the board to whom approval authority has been delegated by the Committee) approves such non-audit services prior to their
completion, the requirement for Committee pre-approval may be waived. The Committee believes its policies and procedures should remain
flexible in order to best react to changing conditions and that the following duties of the Committee are set forth as a guide with the
understanding that the Committee may diverge from this guide as appropriate given the circumstances:

 

	 	A.	Financial Reporting

 

Committee
procedures shall include:

 

	 	1.	Selection
    of Independent Public Accountants 

 

The
Committee and the Board have the ultimate authority and responsibility to select, evaluate, and where appropriate, replace the outside
auditor. The independent accountants are ultimately accountable to the Audit Committee and the entire Board for such accountant’s
review of the financial statements and controls of Selectis. On an annual basis, the Audit Committee should review and discuss with the
accountants all significant relationships the accountants have with Selectis to determine the accountants’ independence. The Committee
shall review senior management’s recommendation on the annual selection of the external auditors. The Committee shall submit its
recommended appointment (or reappointment) or termination of external auditors to the Board for their approval.

 

The
Committee’s review shall include:

 

	 	●	Review
    and prior approval of all auditing services and non-audit services. (In the event the Committee approves an audit service within
    the scope of an auditor’s engagement, that audit service shall be deemed to have been preapproved.) 
	 	 	 
	 	●	Opinions
    on the performance of the external auditors by appropriate management.
	 	 	 
	 	●	Inquiring
    if the external auditors face any significant litigation or disciplinary actions by the Securities and Exchange Commission (the “Commission”)
    or others. 
	 	 	 
	 	●	Inquiring
    whether the chief executive officer of Selectis’ external auditors was employed by a registered independent public accounting
    firm and participated in any capacity in Selectis’ audit during the one-year period preceding the commencement of an audit
    of Selectis.
	 	 	 
	 	●	Obtaining
    written disclosure from the external auditors describing all relationships between the external auditors and Selectis that bear on
    independence and objectivity. 
	 	 	 
	 	●	Receiving
    from the accountants, on a periodic basis, a formal written statement delineating all relationships between the accountants and Selectis
    consistent with Independence Standards Board Statement 1 (“ISB No. 1”);
	 	 	 
	 	●	Discussing
    auditor independence with its external auditors and recommending that the Board take appropriate action regarding any independence
    issues. 
	 	 	 
	 	●	Discussing
    with Selectis’ Chief Executive Officer and Chief Financial Officer certifications in Selectis’ periodic reports concerning
    disclosures of significant control deficiencies and any fraud by management. 
	 	 	 
	 	●	Auditor
    engagement letters and estimated fees. 

 

    	2

     

    

 

	 	●	Consideration
    of the report of the external auditor’s latest peer review conducted pursuant to a professional quality control program. 
	 	 	 
	 	●	Review
    of management’s letter of representation and consideration of any significant operational or reporting issues that may affect
    the financial statements. 
	 	 	 
	 	●	Proposed
    non-audit services and consideration of the possible effect that these services could have on the independence of the external auditors.
    
	 	 	 
	 	●	Facilitating
    and maintaining an open avenue of communication with Selectis’ external auditors. 
	 	 	 
	 	●	Ensuring
    the Committee is informed in a timely manner by Selectis’ independent auditor of (1) all critical accounting policies and practices
    the independent auditor intends to use for the audit; (2) discussion with Selectis’ management of all alternative treatments
    of financial information within generally accepted accounting principles, the ramifications of the use thereof and the preferred
    the independent auditor’s preferred treatment; and (3) other material written communications between the independent auditors
    and Selectis’ management to include any management letter or schedule of audit adjustments. 

 

	 	2.	Meeting
    with Selectis’ general counsel, if any, and outside counsel when appropriate, to discuss legal matters that may have a significant
    impact on Selectis’ financial statements. 
	 	 	 
	 	3.	Regarding
    Selectis’ financial statements, the Committee will: 

 

	 	●	Review
    Selectis’ audited annual financial statements and independent auditors’ opinions with respect to the statements, including
    the nature of any changes in accounting principles or their application.
	 	 	 
	 	●	Review
    Selectis’ interim quarterly financial statements and independent auditors’ opinions with respect to the statements, including
    the nature of any changes in accounting principles or their application. 
	 	 	 
	 	●	Review
    significant accounting policies, policy decisions and changes, along with significant accounting, reporting or operational issues.
    
	 	 	 
	 	●	Review
    the financial statements to be issued with management and with the independent auditors to determine whether the independent auditors
    are satisfied with the disclosure and content of the financial statements to be presented to the shareholders prior to the release
    of the each quarterly financial report to shareholders. 
	 	 	 
	 	●	Make
    a recommendation to the Board regarding the inclusion of interim and annual financial statements in Selectis’ Commission filings
    based on its review of such financial statements with management and the independent auditors. 
	 	 	 
	 	●	Ensure
    that management maintains reliability and integrity of accounting policies and financial reporting and that management establishes
    and maintains processes to assure adequate systems of internal control. 

 

    	3

     

    

 

	 	●	Disclose
    in Selectis’ annual proxy or information statement, the existence of the Committee and the Committee charter and the extent
    to which the Committee has satisfied its responsibilities during the prior year in compliance with its charter. 
	 	 	 
	 	●	Disclose
    the Committee’s approval of any non-audit services in Selectis’ periodic reports filed with the Commission. 
	 	 	 
	 	●	Review
    the management letter issued by the external auditors and management’s response. 
	 	 	 
	 	●	Review
    fees paid for audit and consulting services, respectively. 

 

	 	4.	Annually
    review and examine those matters which relate to a financial review of Selectis’ Investment Policies. 
	 	 	 
	 	5.	Submit
    findings of importance, conclusions, recommendations, and items that require follow-up or action to the Board. 
	 	 	 
	 	6.	Annually
    review and update the Audit Committee Charter, make recommendations to the Board to update this Charter, and submit these recommendations,
    if any, to the full Board for approval. 
	 	 	 
	 	7.	Maintain
    minutes or the other records of meetings and activities of the Committee. 

 

	 	B.	Monitoring
    of Internal Controls 

 

The
Committee is responsible for obtaining and understanding of Selectis’ key financial reporting risk areas and internal control structure.
The Committee monitors the internal control process by reviewing information provided in the Business Conduct Questionnaire and Annual
Certification reporting made by each Selectis employee, discussions with the chief financial and accounting officers and such other persons
as the Committee deems appropriate, and discussions with and reports issued by external auditors.

 

	 	C.	Compliance
    with Laws, Regulations, and Ethics 

 

The
Committee shall review reports and other information to gain reasonable assurance that Selectis is in compliance with pertinent laws
and regulations, is conducting its affairs ethically, and is maintaining effective controls against conflict of interest and fraud.

 

Committee
procedures shall include:

 

	 	1.	Review
    Selectis’ policies relating to compliance with laws, regulations, ethics, and conflict of interest. 
	 	 	 
	 	2.	Review
    significant cases of conflict of interest, misconduct, or fraud and the resolution of such cases. 
	 	 	 
	 	3.	Review
    Selectis’ policies and processes for compliance with U.S. and foreign country business operation controls, laws and regulations.
    

 

    	4

     

    

 

	 	4.	Review
    Selectis’ policies and processes for compliance with the Foreign Corrupt Practices Act and the USA Patriot Act. 
	 	 	 
	 	5.	Review
    compliance reports received from regulators and consider legal and regulatory matters that may have a material impact on the financial
    statements. 
	 	 	 
	 	6.	Review
    external auditor’s reports that relate to the monitoring of compliance with Selectis’ policies on business ethics. 
	 	 	 
	 	7.	Review
    policies and procedures covering officers’ expense accounts and perquisites, including their use of corporate assets, and consider
    the results of any review of these areas by internal or external auditors. 
	 	 	 
	 	8.	Review
    the disclosure included in Selectis’ periodic reports concerning whether at least one member of the Committee is an “audit
    committee financial expert” (as defined in Part III below) and, if no member of the Committee is an “audit committee
    financial expert”, why no such expert has been appointed to the Committee. 

 

	 	D.	Establishment
    of Complaint Procedure 

 

The
Committee shall establish written procedures for the receipt, retention and treatment of complaints on accounting, internal accounting
controls or auditing matters, as well as for the confidential, anonymous submissions by Company employees of concerns regarding questionable
accounting or auditing matters.

 

	 	E.	Funding
    

 

	 	1.	The
    Committee shall engage such independent legal counsel and such accounting or other expert advisors as the Committee deems necessary
    to carry out its duties. 
	 	 	 
	 	2.	The
    Committee shall receive appropriate funding, as determined by the Committee, from the Company for payment of (a) compensation to
    the Company’s independent external auditors (or other public accounting firm engaged for the purpose of preparing or issuing
    an audit report or performing other audit, review or attestation services for the Company), (b) compensation to the outside legal,
    accounting or other expert advisors employed by the Committee in the fulfillment of its duties and (c) ordinary administrative expenses
    of the Committee that are necessary or appropriate to carry out its duties. The Committee has sole authority to approve the fees
    and other retention terms of such legal, accounting and other expert advisors. 

 

II.
OVERSIGHT OF EXTERNAL AUDIT FUNCTIONS 

 

The
Committee shall schedule meetings as necessary to receive and discuss reports from staff, other committees, and consultants. Particular
emphasis will be given by the Committee to significant control deficiencies, and actions taken by management to correct them. The Committee
may request through the Chief Financial Officer that the external auditors perform special studies, investigations, or other services
in matters of interest or concern to the Committee. The Committee’s oversight of external audit coverage is covered under section
I.A. above.

 

    	5

     

    

 

III.
COMMITTEE MEMBERSHIP 

 

The
Committee shall be composed of a number of Directors determined by the Board of Directors from time to time, each of whom shall satisfy
the independence requirements imposed by any stock exchange or other marketplace on which the Company’s securities may be listed
from time to time. All members of the Committee must be able to read and understand fundamental financial statements, including a company’s
balance sheet, income statement, and cash flow statement, and at least one member must have past employment experience in finance or
accounting, requisite professional certification in accounting, or other comparable experience or background which results in the member’s
financial sophistication, including being or having been a chief executive officer, chief financial officer or other senior officer with
financial oversight responsibilities. In addition, the Committee will endeavor to have one member who will be deemed to be an “audit
committee financial expert”, as that term is defined by the Commission. The Committee members may enhance their familiarity with
finance and accounting by participating in educational programs conducted by Selectis or an outside consultant. The Chairman and other
members of the Committee shall be appointed by the Board.

 

Vacancies
occurring in the Committee may be filled by appointment of the Chairman of the Board, after consultation with the Corporate Governance
Committee, but no member of the Committee shall be removed except by vote of a majority of Directors present at any regular or special
meeting of the Board.

 

The
Secretary of the Committee shall be appointed by the majority vote of the Committee. The Secretary of the Committee shall prepare minutes
of the meetings, maintain custody of copies of data furnished to and used by the Committee, and generally assist the Committee in connection
with preparation of agendas, notices of meetings and otherwise.

 

IV.
CONDUCT OF BUSINESS 

 

All
meetings require the presence of a majority of the members of the Committee to conduct business. Each Committee member shall have one
vote. All actions or determinations by the Committee must be by majority vote of the members present. The Board shall have overall authority
over all Committee actions.

 

V.
COMPENSATION 

 

The
compensation of members of the Committee may be determined from time to time by resolution of the Board, after consultation with the
Compensation Committee. Members of the Committee shall be reimbursed for all reasonable expenses incurred in attending such meetings.

 

VI.
TIME AND PLACE OF MEETINGS 

 

Committee
meetings shall be held quarterly or more frequently as necessary at an agreed upon location. The Committee may ask members of management
or others to attend the meeting and to provide pertinent information as necessary. As part of its job to foster open communication, the
Audit Committee should meet at least annually with management, the director of the internal auditing department and the independent accountants
separately to discuss any matters that the Audit Committee or each of these groups believe should be discussed privately. In addition,
the Audit Committee or at least its Chairperson should meet with the independent accountants and management quarterly to review Selectis’
financial statements consistent with the Audit Committee’s duties and responsibilities set forth herein.

 

VII.
PRESENTATION OF REPORTS TO THE BOARD OF DIRECTORS 

 

The
Committee shall make an annual presentation to the Board within three months after the receipt of the external auditor’s opinion
on Selectis’ financial statement. The presentation shall provide an overview of the Committee’s activities, findings of importance,
conclusions, recommendations, and items that require follow-up or action by the Board. Presentations may be made at more frequent intervals
if deemed necessary by the Committee or as requested by the Board.

 

    	6

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