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                                                                     EXHIBIT 4.4

                            GLOBAL ENERGY GROUP, INC.

                        CERTIFICATE OF DESIGNATION OF 6%
                      REDEEMABLE PREFERRED STOCK, SERIES A,
                 SETTING FORTH THE POWERS, PREFERENCES, RIGHTS,
                 QUALIFICATIONS, LIMITATIONS AND RESTRICTIONS OF
                         SUCH SERIES OF PREFERRED STOCK

         Pursuant to Section 151 of the Delaware General Corporation Law, Global
Energy Group, Inc., a Delaware corporation (the "Corporation"), DOES HEREBY
CERTIFY:

         That pursuant to the authority conferred upon the Board of Directors of
the Corporation by the Certificate of Incorporation of the Corporation (the
"Charter"), the Board of Directors of the Corporation on January 29, 2004 duly
adopted the following resolution creating a series of Preferred Stock designated
as 6% Redeemable Preferred Stock, Series A, and such resolution has not been
modified and is in full force and effect on the date hereof:

         RESOLVED that, pursuant to the authority vested in the Board of
Directors of the Corporation in accordance with the provisions of the Charter, a
series of the class of authorized Preferred Stock, par value $0.001 per share,
of the Corporation is hereby created and that the designation and number of
shares thereof and the voting powers, preferences and relative, participating,
optional and other special rights of the shares of such series, and the
qualifications, limitations and restrictions thereof are as follows:

Section 1.        Designation and Number: Ranking

         (a) Designation. The shares of such series shall be designated as 6%
Redeemable Preferred Stock, Series A (the "Series A Preferred"). The number of
authorized shares of the Series A Preferred shall be 2,453,615, which number may
be decreased (but not increased) by the Board of Directors without a vote of
stockholders; provided, however, that such number may not be decreased below the
number of then outstanding shares of Series A Preferred or shares of Series A
Preferred to be issued pursuant to the Series A Purchase Agreements.

         (b) Ranking. The Series A Preferred shall, with respect to dividend
rights and rights on liquidation, dissolution or winding up, rank on a parity
with the Parity Stock and prior to all classes and series of Junior Stock of the
Corporation now or hereafter authorized.

         (c) Definitions. Capitalized terms used herein and not otherwise
defined shall have the meanings set forth in Section 10.

Section 2.        Dividends and Distributions.

         (a) Series A Dividends. The holders of shares of Series A Preferred, in
preference to the holders of shares of Common Stock and of shares of all other
Junior Stock (if any) of the Corporation, shall be entitled to receive, when, as
and if declared by the Board of Directors, out of the assets of the Corporation
legally available therefor, cumulative cash dividends at an annual

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Certificate of Designation
Series A Preferred Stock
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rate per share of Series A Preferred equal to 6.00% of the Liquidation
Preference with respect to such share per annum ("Series A Dividend Rate"),
calculated on the basis of a 360-day year consisting of twelve 30-day months,
accruing and payable in equal quarterly payments, in immediately available
funds, on the last day of March, June, September and December or, if any such
day is not a Business Day, the next succeeding Business Day, in each year (each
such date being referred to herein as a "Quarterly Dividend Payment Date"),
commencing as to each share of Series A Preferred on the first Quarterly
Dividend Payment Date to occur after the Issue Date of such share; provided that
the dividend payable on the first Quarterly Dividend Payment Date to occur after
the Issue Date of each share of Series A Preferred shall be computed based on
the number of days prior to the date that such share has been issued and
outstanding.

         (b) Dividend Arrearage. If as of any Quarterly Dividend Payment Date
there is a Dividend Arrearage (as hereinafter defined), an additional dividend
(the "Additional Dividend") shall accrue on each share of the Series A Preferred
for the period from such Quarterly Dividend Payment Date through the earlier of
(x) the date on which such Dividend Arrearage is paid pursuant to the terms
hereof in full and (y) the next succeeding Quarterly Dividend Payment Date, in
an amount equal to the product of (i) the Series A Dividend Rate and (ii) the
amount of such Dividend Arrearage as of such Quarterly Dividend Payment Date.
For purposes of this Section 2(b), "Dividend Arrearage" shall mean, with respect
to. each share of Series A Preferred, as of any Quarterly Dividend Payment Date,
the excess, if any of (i) the sum of all dividends theretofore accrued on such
share in accordance with Section 2(a) (including those accrued as of and
including such Quarterly Dividend Payment Date) plus all Additional Dividends,
if any, theretofore accrued on such share in accordance with this Section 2(b)
(including those accrued as of and including such Quarterly Dividend Payment
Date), over (ii) all dividends actually paid (but only to the extent so paid)
pursuant to the terms hereof with respect to such share on or before such
Quarterly Dividend Payment Date.

         (c) Accrual of Dividends. Dividends payable pursuant to Section 2(a)
with respect to any share of Series A Preferred shall begin to accrue and be
cumulative from the Issue Date of such share, and shall accrue on a daily basis,
in each case whether or not declared. Dividends paid on the shares of Series A
Preferred in an amount less than the total amount of such dividends at the time
accrued and payable on such shares shall be allocated pro rata on a
share-by-share basis among all such shares of Series A Preferred at the time
outstanding. The Board of Directors may fix a record date for the determination
of holders of shares of Series A Preferred entitled to receive payment of a
dividend declared thereon, which record date shall be no more than 60 days nor
less than 10 days prior to the date fixed for the payment thereof. Accumulated
but unpaid dividends for any past quarterly dividend periods may be declared and
paid at any time, without reference to any regular Quarterly Dividend Payment
Date, to holders of record on such date, not more than 60 nor less than 10 days
preceding the payment date thereof, as may be fixed by the Board of Directors.

         (d) Other Dividends. In addition to the dividends or distributions on
the Series A Preferred described in Section 2(a), in the event that the
Corporation shall declare a dividend or make any other distribution (including,
without limitation, in cash, in capital stock (which shall include, without
limitation, any options, warrants or other rights to acquire capital stock) of
the

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Certificate of Designation
Series A Preferred Stock
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Corporation, whether or not pursuant to a shareholder rights plan, "poison pill"
or similar arrangement, or other property or assets) to holders of Common Stock,
then the Board of Directors shall declare and the holder of each share of Series
A Preferred shall be entitled to receive a dividend or distribution in an amount
equal to the amount of such dividend or distribution received by a holder of ten
shares of Common Stock. Any such amount shall be paid to the holders of shares
of Series A Preferred at the same time such dividend or distribution is made to
holders of Common Stock.

Section 3.        Voting Rights.

         In addition to any voting rights provided by law, the holders of shares
of Series A Preferred shall have the following voting rights:

         (a) Generally. So long as any shares of Series A Preferred are
outstanding, each share of Series A Preferred shall entitle the holder thereof
to vote (in person or by proxy), at every special or annual meeting of
stockholders, on each matter voted on by holders of Common Stock. The holders of
shares of Series A Preferred together with the holders of Common Stock (and
together with the holders of any and all other shares of capital stock of the
Corporation entitled to vote on such matter) shall vote as a single class on
such matter. With respect to any such vote, each share of Series A Preferred
shall entitle the holder thereof to cast ten (10) votes per share.

         (b) Protective Provisions. Unless the consent or approval of a greater
number of shares shall then be required by law, the affirmative consent of the
holders of at least 50% of the outstanding shares of Series A Preferred shall be
necessary to:

             (i) authorize, increase the authorized number of shares of, or
issue (including on conversion or exchange of any convertible or exchangeable
securities or by reclassification), any shares of any series, class or classes
of Senior Stock, Series A Preferred, Series B Preferred, Parity Stock, or Junior
Stock (but only if, in the case of Junior Stock, such stock has a mandatory or
optional redemption date and any such Junior Stock could be redeemed while any
share of Series A Preferred is issued and outstanding), other than pursuant to
the Series A Purchase Agreements and/or the Series B Purchase Agreement;

             (ii) authorize, adopt or approve an amendment to the Charter that
would increase or decrease the Liquidation Preference of shares of Series A
Preferred or Series B Preferred, or alter or change the powers, preferences or
special rights of the shares of Series A Preferred or Series B Preferred or the
shares of any class of Parity Stock or Senior Stock;

             (iii) amend or alter the Charter so as to affect the shares of
Series A Preferred adversely, including by granting any voting right to any
holder of notes, bonds, debentures or other debt obligations of the Corporation,
by reclassifying any capital stock into Senior Stock or Parity Stock or by
amending the terms of any class of Parity Stock or Senior Stock or amending the
terms covering redemption of any Junior Stock;

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Certificate of Designation
Series A Preferred Stock
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             (iv) authorize or issue any security convertible into, exchangeable
for or evidencing the right to purchase or otherwise receive any shares of any
class or classes of Senior Stock or Parity Stock;

             (v) incur any indebtedness for borrowed money other than the Prior
Loans and/or the GEAG Loans; or

             (vi) effect the voluntary liquidation, dissolution, winding up,
recapitalization or reorganization of the Corporation, or the consolidation or
merger of the Corporation with or into any other Person (except a wholly-owned
subsidiary of the Corporation), or the sale or other distribution to another
Person of all or substantially all of the assets of the Corporation; provided.
however. that no separate vote or consent of the holders of the Series A
Preferred as a class shall be required under this clause (vi) in the case of a
recapitalization, reorganization, consolidation or merger of the Corporation if:

                  (A) the resulting or surviving corporation will have after
such recapitalization, reorganization, consolidation or merger no Senior Stock
or Parity Stock either authorized or outstanding (except such Senior Stock or
Parity Stock of the Corporation as may have been authorized or outstanding
immediately preceding such consolidation or merger, or such stock of the
resulting or surviving corporation (having the same powers, preferences and
special rights of any such Senior Stock or Parity Stock) as may be issued in
exchange therefor),

                  (B) each holder of shares of Series A Preferred immediately
preceding such recapitalization, reorganization, consolidation or merger will
receive in exchange therefor the same number of shares of stock, with the same
preferences, rights and powers, of the resulting or surviving corporation, and

                  (C) after such recapitalization, reorganization, consolidation
or merger the resulting or surviving corporation shall not be in breach of any
of the terms hereof.

         (c) Exercise of Voting Rights. The foregoing right of holders of shares
of Series A Preferred to take any action as provided in Section 3(b) may be
exercised at any annual meeting of stockholders or at a special meeting of
holders of shares of Series A Preferred held for such purpose or at any
adjournment thereof, or by the written consent, delivered to the Secretary of
the Corporation, of the holders of the minimum number of shares required to take
such action.

         In connection with the exercise of such right (and unless such right
has been exercised by written consent of the minimum number of shares required
to take such action), the President of the Corporation may call, and upon the
written request of holders of record of at least 5% of the outstanding shares of
Series A Preferred, addressed to the Secretary of the Corporation at the
principal office of the Corporation, shall call, a special meeting of the
holders of Series A Preferred (and the holders of any and all other shares of
capital stock of the Corporation entitled to vote on the relevant matter or
matters). Such meeting shall be held within 30 days after delivery of such
request to the Secretary, at the place and upon the notice provided by law and
in the by-laws of the Corporation for the holding of meetings of stockholders.

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Certificate of Designation
Series A Preferred Stock
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             (i) At each meeting of stockholders at which the holders of shares
of Series A Preferred shall have the right, voting separately as a single class,
to take any action, the presence in person or by proxy of the holders of record
of greater than one-half of the total number of shares of Series A Preferred
then outstanding and entitled to vote on the matter shall be necessary and
sufficient to constitute a quorum of such holders. At any such meeting or at any
adjournment thereof:

                 (A) the absence of a quorum of the holders of shares of Series
A Preferred shall not prevent the election of directors, and the absence of a
quorum of the holders of shares of any other class of series of capital stock
shall not prevent the taking of any action as provided in this Section 3; and

                 (B) in the absence of a quorum of the holders of shares of
Series A Preferred, a majority of the holders of such shares present in person
or by proxy shall have the power to adjourn the meeting as to the actions to be
taken by the holders of shares of Series A Preferred from time to time and place
to place without notice other than announcement at the meeting until a quorum
shall be present.

         For taking of any action by the holders of shares of Series A
Preferred, voting separately as a class, each such holder shall have one vote
for each share of such stock standing in his name on the transfer books of the
Corporation as of any record date fixed for such purpose or, if no such date be
fixed, at the close of business on the Business Day next preceding the day on
which notice is given, or if notice is waived, at the close of business on the
Business Day next preceding the day on which the meeting is held; provided,
however, that shares of Series A Preferred held by the Corporation or any
Affiliate of the Corporation shall not be deemed to be outstanding for purposes
of taking any action as provided in this Section 3.

Section 4.        Certain Restrictions.

         (a) No Dividends. Whenever any accrued dividends (including Additional
Dividends) payable on shares of Series A Preferred as provided in Section 2 have
not been paid in full in cash then, at such time and thereafter until all unpaid
dividends payable, whether or not declared, on the outstanding shares of Series
A Preferred shall have been paid in full in cash or declared and set apart in
cash for payment, the Corporation shall not: (A) declare or pay dividends, or
make any other distributions, on any shares of Junior Stock; or (B) declare or
pay dividends, or make any other distributions, on any shares of Parity Stock,
except (i) dividends or distributions paid ratably on the Series A Preferred and
all Parity Stock on which dividends are payable or in arrears, in proportion to
the total amounts to which the holders of all shares of the Series A Preferred
and such Parity Stock are then entitled.

         (b) No Redemption. Whenever dividends payable on shares of Series A
Preferred as provided in Section 2(a) are not paid in full in cash then, at such
time and thereafter until all unpaid dividends payable, whether or not declared,
on the outstanding shares of Series A Preferred shall have been paid in full in
cash or declared and set apart in cash for payment, the Corporation shall not
redeem, purchase or otherwise acquire for consideration any shares of

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Series A Preferred Stock
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Junior Stock or Parity Stock; provided, however. that (A) the Corporation may
accept shares of any Parity Stock or Junior Stock for conversion into Junior
Stock and (B) the Corporation may at any time redeem, purchase or otherwise
acquire shares of any Parity Stock pursuant to any mandatory redemption, put,
sinking fund or other similar obligation contained in such Parity Stock, pro
rata with the Series A Preferred in proportion to the total amount then required
to be applied by the Corporation to redeem, repurchase, convert, exchange or
otherwise acquire shares of Series A Preferred and shares of such Parity Stock.

         (c) Subsidiary Action. The Corporation shall not permit any Subsidiary
of the Corporation, or cause any other Person, to purchase or otherwise acquire
for consideration any shares of capital stock of the Corporation unless the
Corporation could, in compliance with this Certificate of Designation, purchase
such shares at such time and in such manner; provided that this provision shall
not prohibit sales of shares of capital stock by the Corporation to any third
party.

         (d) Prohibited Actions. The Corporation shall not (i) declare or pay
dividends, or make any other distributions, on or with respect to any shares of
Series A Preferred, (ii) redeem, purchase or otherwise acquire for consideration
any shares of Series A Preferred, or (iii) make any distribution in respect of
liquidation to the holders of Series A Preferred, in each case if and to the
extent prohibited by the terms of any Senior Stock or applicable law.

Section 5.        Redemption.

         (a) Optional Redemption. Except as otherwise set forth in this Section
5, the Corporation shall not have any right to redeem any share of Series A
Preferred prior to the first anniversary of the Issue Date thereof. On and after
the first anniversary of the Issue Date, the Corporation shall have the right,
at its sole option and election, to redeem any share of Series A Preferred, in
whole but not in part, on not less than 10 days notice of the date of redemption
(any such date an "Optional Redemption Date") for cash at a price per share (the
"Redemption Price") equal to the sum of the (i) Liquidation Preference per share
and (ii) any accrued and unpaid dividends thereon (including Additional
Dividends), whether or not declared or payable, to the applicable Optional
Redemption Date, in immediately available funds. No election to redeem shares
pursuant to this paragraph shall have any force or effect unless the applicable
Redemption Price is in fact paid in cash at the time of redemption.

(b)      Mandatory Redemption.

         (i) To the extent permitted by law and to the extent the Corporation
possesses sufficient funds to pay the applicable Redemption Price, the
Corporation shall redeem, for cash in the amount of the Redemption Price, on
each anniversary of the Issue Date of any share or shares of Series A Preferred
(each a "Mandatory Redemption Date"), a number of shares of Series A Preferred
equal to the lesser of (a) one-third of the number of shares of Series A
Preferred originally issued on such Issue Date, multiplied by the number of
years since such Issue Date, minus the number of shares originally issued on
such Issue Date but already redeemed, or (b) all shares of Series A Preferred
issued and outstanding on such anniversary

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Series A Preferred Stock
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date. The redemption price for all shares then redeemed shall be a price per
share equal to the sum of (x) the Liquidation Preference for such share plus (y)
any accrued and unpaid dividends thereon (including Additional Dividends)
whether or not declared or payable. Prior to authorizing or making such
redemption with respect to the Series A Preferred, the Corporation, by
resolution of the Board of Directors shall, to the extent of funds legally
available therefor, declare a dividend on the Series A Preferred payable on the
Mandatory Redemption Date in an amount equal to any accrued and unpaid dividends
on the Series A Preferred as of such date (including Additional Dividends) and,
if the Corporation does not have sufficient legally available funds to declare
and pay all dividends accrued at the time of such redemption, any remaining
accrued and unpaid dividends (including Additional Dividends) shall be added to
the Redemption Price. After paying any accrued and unpaid dividends pursuant to
the foregoing sentence, if the funds of the Corporation legally available for
redemption of shares of the Series A Preferred then required to be redeemed are
insufficient to redeem the total number of such shares then outstanding, than
those funds that are legally available shall be used to redeem the maximum
possible number of shares of the Series A Preferred. Shares to be redeemed shall
be allocated pro rata among the holders of the Series A Preferred based on the
number of shares of Series A Preferred held by such holders. At any time and
from time to time thereafter, when additional funds of the Corporation are
legally available to discharge its obligation to redeem all of the outstanding
shares of Series A Preferred required to be redeemed pursuant to this paragraph
(the "Mandatory Redemption Obligation"), such funds shall be immediately used to
discharge such Mandatory Redemption Obligation until the balance of such shares
have been redeemed. If and so long as the Mandatory Redemption Obligation shall
not be fully discharged, dividends on any remaining outstanding shares of Series
A Preferred shall continue to accrue and be added to the dividend payable
pursuant to the second preceding sentence.

             (ii) Notwithstanding anything to the contrary, as to any share of
Series A Preferred and as to any Mandatory Redemption Date, if the preceding
paragraph (i) would (but for this paragraph (ii>> require the redemption of such
share on such Mandatory Redemption Date, then, upon the written agreement of the
Corporation and the holder of such share, such share shall not be subject to
redemption and shall not be redeemed on such Mandatory Redemption Date, but
shall instead be subject to redemption and shall be redeemed on such subsequent
Mandatory Redemption Date as the Corporation and such holder shall agree in
writing.

         (c) Notice.

             (i) The Corporation will provide notice to holders of record of the
Series A Preferred (x) of any redemption pursuant to Section 5(a) or 5(b) not
less than 10 nor more than 60 days prior to the date fixed for such redemption
(a "Redemption Notice"). Any Redemption Notice provided pursuant to this Section
S(c) shall be provided by first-class mail postage prepaid, to each holder of
record of the Series A Preferred, at such holder's address as it appears on the
stock transfer books of the Corporation.

             (ii) Each Redemption Notice shall state, as appropriate: (x) the
Applicable Optional Redemption Date or Mandatory Redemption Date (each a
"Redemption Date"); (y) the

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Series A Preferred Stock
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number of shares of Series A Preferred to be redeemed and, if fewer than all the
shares held by any holder are to be redeemed, the number of such shares to be
redeemed from such holder; and (z) the applicable Redemption Price.

             (iii) In addition, each Redemption Notice shall state, as
appropriate: (x) the place or places where certificates for such shares are to
be surrendered for redemption; (y) the amount of full cumulative dividends per
share of Series A Preferred to be redeemed (including Additional Dividends) up
to but excluding the Applicable Redemption Date, and that dividends on shares of
Series A Preferred to be redeemed will cease to accrue on such Redemption Date
unless the Corporation shall default in payment of the Applicable Redemption
Price; and (z) the name and location of any bank or trust company with which the
Corporation will deposit redemption funds pursuant to paragraph (e) below. Any
Redemption Notice that is mailed pursuant to clause (i) shall be conclusively
presumed to have been duly given, whether or not the holder of shares of Series
A Preferred receives such notice, and failure to give such notice by mail, or
any defect in such notice, to the holders of any shares designated for
redemption shall not affect the validity of the proceedings for the redemption
of any other shares of Series A Preferred.

         (d) Mechanics of Redemption. Upon surrender in accordance with any
notice referred to in paragraph (c) above of the certificate for any shares
redeemed pursuant to Section Sea) or (b) (duly endorsed or accompanied by
appropriate instruments of transfer if so required by the Corporation), the
holders of record of such shares shall be entitled to receive the Applicable
Redemption Price, without interest, up to but excluding such Redemption Date out
of funds legally available therefor. If fewer than all the shares represented by
any such certificate are redeemed, a new certificate representing the unredeemed
shares shall be issued without cost to the holder thereof.

         (e) Redemption Funds. On the date of any redemption being made pursuant
to this Section, the Corporation shall, and at any time after mailing the
Redemption Notice and before the Applicable Redemption Date the Corporation may,
deposit for the benefit of the holders of shares of Series A Preferred to be
redeemed the funds necessary for such redemption with a bank or trust company
having a capital and surplus of at least $1 billion, with instructions to such
bank or trust company to pay the full redemption as provided herein to the
holders of shares of Series A Preferred upon surrender of certificates for such
shares; provided, however, that the making of such deposit shall not release the
Corporation from any of its obligations hereunder. Any moneys so deposited by
the Corporation and unclaimed at the end of two years from the Applicable
Redemption Date shall revert to the general funds of the Corporation and, upon
demand, such bank or trust company shall pay over to the Corporation such
unclaimed amounts and thereupon such bank or trust company shall be relieved of
all responsibility in respect thereof and any holder of shares of Series A
Preferred so redeemed shall look only to the Corporation for the payment of the
full redemption amounts, as provided herein.

         (f) Rights After Redemption. Notice of redemption having been given as
provided above, upon and during the availability of the deposit pursuant to
paragraph (e) of the full redemption amounts as provided herein in respect of
all shares of Series A Preferred then to be

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Series A Preferred Stock
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redeemed, notwithstanding that any certificates for such shares shall not have
been surrendered in accordance with paragraph (d), from and after the Applicable
Redemption Date: (i) the shares represented thereby shall no longer be deemed
outstanding, (ii) the right to receive dividends thereon shall cease to accrue,
and (iii) all rights of the holders of such shares of Series A Preferred shall
cease and terminate, excepting only the right to receive the full redemption
amounts as provided herein without interest thereon. If the funds deposited are
not sufficient for redemption of the shares of the Series A Preferred that were
to be redeemed, then no certificates evidencing such shares shall be deemed
surrendered and such shares shall remain outstanding and the rights of holders
of shares of Series A Preferred shall continue to be those of holders of shares
of the Series A Preferred.

Section 6.        Reacquired Shares.

         Any shares of Series A Preferred exchanged, redeemed, purchased or
otherwise acquired by the Corporation in any manner whatsoever shall be retired
and canceled promptly after the acquisition thereof. All such shares of Series A
Preferred shall upon their cancellation become authorized but unissued shares of
preferred stock, par value $.001 per share, of the Corporation and, upon the
filing of an appropriate Certificate of Designation with the Secretary of State
of the State of Delaware, may be reissued as part of another series of preferred
stock, par value $.001 per share, of the Corporation subject to the conditions
or restrictions on issuance set forth therein.

Section 7.        Liquidation. Dissolution or Winding Up.

         (a) Effect of Liquidation. If the Corporation shall commence a
voluntary case under the United States bankruptcy laws or any applicable
bankruptcy, insolvency or similar law of any other country, or consent to the
entry of an order for relief in an involuntary case under any such law or to the
appointment of a receiver, liquidator, assignee, custodian, trustee,
sequestrator (or other similar official) of the Corporation or of any
substantial part of its property, or make an assignment for the benefit of its
creditors, or admit in writing its inability to pay its debts generally as they
become due (any such event, a "Voluntary Liquidation Event"), or if a decree or
order for relief in respect of the Corporation shall be entered by a court
having jurisdiction in the premises in an involuntary case under the United
States bankruptcy laws or any applicable bankruptcy, insolvency or similar law
of any other country, or appointing a receiver, liquidator, assignee, custodian,
trustee, sequestrator (or other similar official) of the Corporation or of any
substantial part of its property, or ordering the winding up or liquidation of
its affairs, and on account of any such event the Corporation shall liquidate,
dissolve or wind up, or if the Corporation shall otherwise liquidate, dissolve
or wind up, no distribution shall be made:

             (i) to the holders of shares of Junior Stock unless, prior thereto,
the holders of shares of Series A Preferred shall have received the Liquidation
Preference, plus all accrued and unpaid dividends (including Additional
Dividends), whether or not declared or currently payable, to the date of
distribution, with respect to each share, or

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Series A Preferred Stock
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             (ii) to the holders of shares of Parity Stock, except distributions
made ratably on the Series A Preferred and all other Parity Stock in proportion
to the total amounts to which the holders of all shares of the Series A
Preferred and other Parity Stock are entitled upon such liquidation, dissolution
or winding up.

         (b) Voluntary Liquidation. For purposes of this Section 7, the holders
of a majority of the outstanding shares of the Series A Preferred may elect to
have treated as a Voluntary Liquidation Event the consolidation or merger of the
Corporation with or into any other corporation or the sale or other transfer in
a single transaction or a series of related transactions of all or substantially
all of the assets of the Corporation, or any other reorganization or business
combination of the Corporation.

Section 8.        No Conversion.

         (a) Shares of Series A Preferred shall not be convertible into shares
of Common Stock.

Section 9.        Certain Remedies.

         Any registered holder of Series A Preferred shall be entitled to an
injunction or injunctions to prevent breaches of the provisions of this
Certificate of Designation and to enforce specifically the terms and provisions
of this Certificate of Designation in any court of the United States or any
state thereof having jurisdiction, this being in addition to any other remedy to
which such holder may be entitled at law or in equity.

Section 10.       Definitions.

         For the purposes of this Certificate of Designation, the following
terms shall have the meanings indicated:

         "Affiliate" shall have the meaning ascribed to such term in Rule 12b-2
of the General Rules and Regulations under the Exchange Act; provided. that for
purposes of this Certificate of Designation, neither GEAG nor any of its
Affiliates shall be considered an Affiliate of the Corporation.

         "Business Day" shall mean any day other than a Saturday, Sunday or
other day on which commercial banks in the State of Delaware are authorized or
required by law or executive order to close.

         "Common Stock" shall mean the common stock, par value $.001 per share,
and each other class of capital stock of the Corporation into which such stock
is reclassified or reconstituted.

         "Effective Date" shall mean the first date on which any shares of
Series A Preferred shall be issued.

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Series A Preferred Stock
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         "Exchange Act" shall mean the Securities Exchange Act of 1934, as
amended, and the rules and regulations of the Securities and Exchange Commission
thereunder.

         "Fair Market Value" shall mean the amount which a willing buyer, under
no compulsion to buy, would pay a willing seller, under no compulsion to sell,
in an arm's length transaction (assuming that the Common Stock is valued "as if
fully distributed" so that, among other things, there is no consideration given
for minority investment discounts or discounts related to illiquidity or
restrictions on transferability).

         "GAAP" shall mean the generally accepted United States accounting
principles in effect from time to time.

         "GEAG" shall mean Global Energy Acquisition Group, L.L.C., an Oklahoma
limited liability company.

         "GEAG Loan" and "GEAG Loans" shall mean and refer to each loan to the
Corporation by, and all indebtedness of the Corporation to, GEAG that is or was
included by the Corporation on or before the first date on which shares of
Series B Preferred are issued and outstanding or pursuant to arrangements in
effect on or before such date, along with all interest thereon and other amounts
due or payable by the Corporation with respect thereto.

         "Issue Date" shall mean, with respect to any share of Series A
Preferred, the original date of issuance of such share of Series A Preferred
pursuant to the Series A Purchase Agreement.

         "Junior Stock" shall mean any capital stock of the Corporation other
than Senior Stock or Parity Stock ranking junior (either as to dividends or upon
liquidation, dissolution or winding up) to the Series A Preferred including,
without limitation, the Common Stock.

         "Liquidation Preference" with respect to a share of Series A Preferred
shall mean $1.00.

         "Market Price" shall mean, per share of Common Stock on any date
specified herein: (a) the closing price per share of the Common Stock on such
date published in The Wall Street Journal or, if no such closing price on such
date is published in The Wall Street Journal, the average of the closing bid and
asked prices on such date, as officially reported on the principal national
securities exchange on which the Common Stock is then listed or admitted to
trading; (b) if the Common Stock is not then listed or admitted to trading on
any national securities exchange but is designated as a national market system
security, the last trading price of the Common Stock on such date; or (c) if
there shall have been no trading on such date or if the Common Stock is not so
designated, the average of the reported closing bid and asked prices of the
Common Stock on such date as shown by Nasdaq and reported by any member firm of
the NYSE selected by the Corporation. If neither (a), (b) or (c) is applicable,
Market Price shall mean the Fair Market Value per share determined in good faith
by the Board of Directors of the Corporation which shall be deemed to be Fair
Market Value unless holders of at least 50% of the outstanding shares of Series
A Preferred request that the Corporation obtain an opinion of a nationally
recognized investment banking firm chosen by such holders and the Corporation
(at

Global Energy Group, Inc.
Certificate of Designation
Series A Preferred Stock
Page 11

<PAGE>

the Corporation's expense), in which event Fair Market Value shall be as
determined by such investment banking firm.

         "Nasdaq" shall mean any inter-dealer quotation system owned and
operated by the National Association of Securities Dealers, Inc., or any
affiliate or subsidiary thereof.

         "NYSE" shall mean the New York Stock Exchange, Inc.

         "Parity Stock" shall mean any capital stock of the Corporation, other
than Senior Stock, ranking on a par (either as to dividends or upon liquidation,
dissolution or winding up) with the Series A Preferred, including, at any time
as of which there exists a material default by GEAG under the Series B Purchase
Agreement, which default has remained uncured for a period of more than thirty
(30) days, the Series B Preferred.

         "Person" shall mean any individual, firm, corporation, partnership,
limited liability company trust, incorporated or unincorporated association,
joint venture, joint stock company, government (or an agency or political
subdivision thereof) or other entity of any kind, and shall any successor (by
merger) of such entity.

         "Prior Lender" and "Prior Lenders" shall mean and refer to Quest
Capital Alliance, L.L.C., a Missouri limited liability company; Robert 1. Smith,
an individual with a principal residence in Springfield, Missouri; Joseph H.
Richardson, an individual with a principal residence in Pittsburgh,
Pennsylvania, and Peter E. Toomey, an individual with a principal residence in
Pittsburgh, Pennsylvania.

         "Prior Loan" and "Prior Loans" shall mean and refer to each loan to the
Corporation by, and all indebtedness of the Corporation to, anyone or more of
the Prior Lenders that is or was incurred by the Corporation on or before the
first date on which shares of Series A Preferred are issued and outstanding,
along with all interest thereon and other amounts due or payable by the
Corporation with respect thereto.

         "Senior Stock" shall mean any capital stock of the Corporation ranking
senior (either as to dividends or upon liquidation, dissolution or winding up)
to the Series A Preferred, including, at any time as of which there does not
exist a material default by GEAG under the Series B Purchase Agreement, which
default has remained uncured for a period of more than thirty (30) days, the
Series B Preferred.

         "Series A Preferred" shall mean the Corporation's 6% Redeemable
Preferred Stock, Series A.

         "Series A Purchase Agreement" and "Series A Purchase Agreements" shall
mean and refer to those four separate agreements, each titled "Series A Purchase
Agreement" and each dated January 30,2004, between the Corporation and each of
the Prior Lenders, each as the same may be amended from time to time.

Global Energy Group, Inc.
Certificate of Designation
Series A Preferred Stock
Page 12

<PAGE>

         "Series B Preferred" shall mean the Corporation's 6% Redeemable
Preferred Stock, Series B.

         "Series B Purchase Agreement" shall mean the agreement, titled "Series
B Purchase Agreement" and dated January 30.2004, between the Corporation and
GEAG. as the same may be amended from time to time.

         "Subsidiary" shall mean, with respect to any Person. a corporation or
other entity of which 50% or more of the voting power of the voting equity
securities or equity interest is owned, directly or indirectly. by such Person.

         "Trading Day" shall mean a day on which the national securities
exchanges arc open for trading.

Section 11.       Modification or Amendment

         Except as specifically set forth herein. modifications or amendments to
this Certificate of Designation may be made by the Corporation at any time and
from time to time with the consent of the holders of al least 50% of the then
outstanding shares of Series A Preferred. and at least 50010 of the then
outstanding shares of each class and series of Senior Stock, and at least 50% of
the then out!l1anding shares of each class and series of Parity Stock. No
modification or amendment to this Certificate of Designation shall require the
vote, approval or consent by or of any shares of Common Stock or other Junior
Stock or any holders thereof.

         IN WITNESS WHEREOF, Global Energy Group, Inc. has caused this
Certificate of Designation to be duly executed in its corporate name on this
30th day of January. 2004.

                                    GLOBAL ENERGY GROUP, INC.

                                    By:
                                        ----------------------------------------
                                    Name:
                                          --------------------------------------
                                    Title:
                                           -------------------------------------

Global Energy Group, Inc.
Certificate of Designation
Series A Preferred Stock
Page 13<PAGE>
                                                                     Exhibit 4.5

                            GLOBAL ENERGY GROUP, INC.

                        CERTIFICATE OF DESIGNATION OF 6%
                      REDEEMABLE PREFERRED STOCK, SERIES B,
                 SETTING FORTH THE POWERS, PREFERENCES, RIGHTS,
                 QUALIFICATIONS, LIMITATIONS AND RESTRICTIONS OF
                         SUCH SERIES OF PREFERRED STOCK

         Pursuant to Section 151 of the Delaware General Corporation Law, Global
Energy Group, Inc., a Delaware corporation (the "Corporation"), DOES HEREBY
CERTIFY:

         That pursuant to the authority conferred upon the Board of Directors of
the Corporation by the Certificate of Incorporation of the Corporation (the
"Charter"), the Board of Directors of the Corporation on January 29, 2004 duly
adopted the following resolution creating a series of Preferred Stock designated
as 6% Redeemable Preferred Stock, Series B, and such resolution has not been
modified and is in full force and effect on the date hereof:

         RESOLVED that, pursuant to the authority vested in the Board of
Directors of the Corporation in accordance with the provisions of the Charter, a
series of the class of authorized Preferred Stock, par value $0.001 per share,
of the Corporation is hereby created and that the designation and number of
shares thereof and the voting powers, preferences and relative, participating,
optional and other special rights of the shares of such series, and the
qualifications, limitations and restrictions thereof are as follows:

Section 1.        Designation and Number; Ranking

         (a)      Designation. The shares of such series shall be designated as
6% Redeemable Preferred Stock, Series B (the "Series B Preferred"). The number
of authorized shares of the Series B Preferred shall be 4,525,000, which number
may be decreased (but not increased) by the Board of Directors without a vote of
stockholders; provided, however, that such number may not be decreased below the
number of then outstanding shares of Series B Preferred or shares of Series B
Preferred to be issued pursuant to the Series B Purchase Agreement.

         (b)      Ranking. The Series B Preferred shall, with respect to
dividend rights and rights on liquidation, dissolution or winding up, rank on a
parity with the Parity Stock and prior to all classes and series of Junior Stock
of the Corporation now or hereafter authorized.

         (c)      Definitions. Capitalized terms used herein and not otherwise
defined shall have the meanings set forth in Section 10.

Section 2.        Dividends and Distributions.

         (a)      Series B Dividends. The holders of shares of Series B
Preferred, in preference to the holders of shares of Common Stock and of shares
of all other Junior Stock (if any) of the Corporation, shall be entitled to
receive, when, as and if declared by the Board of Directors, out of the assets
of the Corporation legally available therefor, cumulative cash dividends at an
annual rate per share of Series B Preferred equal to 6.00% of the Liquidation
Preference with respect to such share per annum ("Series B Dividend Rate"),
calculated on the basis of a 360-day year

<PAGE>

consisting of twelve 30-day months, accruing and payable in equal quarterly
payments, in immediately available funds, on the last day of March, June,
September and December or, if any such day is not a Business Day, the next
succeeding Business Day, in each year (each such date being referred to herein
as a "Quarterly Dividend Payment Date"), commencing as to each share of Series B
Preferred on the first Quarterly Dividend Payment Date to occur after the Issue
Date of such share; provided that the dividend payable on the first Quarterly
Dividend Payment Date to occur after the Issue Date of each share of Series B
Preferred shall be computed based on the number of days prior to the date that
such share has been issued and outstanding.

         (b)      Dividend Arrearage. If as of any Quarterly Dividend Payment
Date there is a Dividend Arrearage (as hereinafter defined), an additional
dividend (the "Additional Dividend") shall accrue on each share of the Series B
Preferred for the period from such Quarterly Dividend Payment Date through the
earlier of (x) the date on which such Dividend Arrearage is paid pursuant to the
terms hereof in full and (y) the next succeeding Quarterly Dividend Payment
Date, in an amount equal to the product of the Series B Dividend Rate and (ii)
the amount of such Dividend Arrearage as of such Quarterly Dividend Payment
Date. For purposes of this Section 2(b), "Dividend Arrearage" shall mean, with
respect to each share of Series B Preferred, as of any Quarterly Dividend
Payment Date, the excess, if any of (i) the sum of all dividends theretofore
accrued on such share in accordance with Section 2(a) (including those accrued
as of and including such Quarterly Dividend Payment Date) plus all Additional
Dividends, if any, theretofore accrued on such share in accordance with this
Section 2(b) (including those accrued as of and including such Quarterly
Dividend Payment Date), over (ii) all dividends actually paid (but only to the
extent so paid) pursuant to the terms hereof with respect to such share on or
before such Quarterly Dividend Payment Date.

         (c)      Accrual of Dividends. Dividends payable pursuant to Section
2(a) with respect to any share of Series B Preferred shall begin to accrue and
be cumulative from the Issue Date of such share, and shall accrue on a daily
basis, in each case whether or not declared. Dividends paid on the shares of
Series B Preferred in an amount less than the total amount of such dividends at
the time accrued and payable on such shares shall be allocated pro rata on a
share-by-share basis among all such shares of Series B Preferred at the time
outstanding. The Board of Directors may fix a record date for the determination
of holders of shares of Series B Preferred entitled to receive payment of a
dividend declared thereon, which record date shall be no more than 60 days nor
less than 10 days prior to the date fixed for the payment thereof. Accumulated
but unpaid dividends for any past quarterly dividend periods may be declared and
paid at any time, without reference to any regular Quarterly Dividend Payment
Date, to holders of record on such date, not more than 60 nor less than 10 days
preceding the payment date thereof, as may be fixed by the Board of Directors.

         (d)      Other Dividends. In addition to the dividends or distributions
on the Series B Preferred described in Section 2(a), in the event that the
Corporation shall declare a dividend or make any other distribution (including,
without limitation, in cash, in capital stock (which shall include, without
limitation, any options, warrants or other rights to acquire capital stock) of
the Corporation, whether or not pursuant to a shareholder rights plan, "poison
pill" or similar arrangement, or other property or assets) to holders of Common
Stock, then the Board of Directors shall declare and the holder of each share of
Series B Preferred shall be entitled to

Global Energy Group, Inc.
Certificate of Designation
Series B Preferred Stock
Page 2

<PAGE>

receive a dividend or distribution in an amount equal to the amount of such
dividend or distribution received by a holder of ten shares of Common Stock. Any
such amount shall be paid to the holders of shares of Series B Preferred at the
same time such dividend or distribution is made to holders of Common Stock.

Section 3.        Voting Rights.

         In addition to any voting rights provided by law, the holders of shares
of Series B Preferred shall have the following voting rights:

         (a)      Generally. So long as any shares of Series B Preferred are
outstanding, each share of Series B Preferred shall entitle the holder thereof
to vote (in person or by proxy), at every special or annual meeting of
stockholders, on each matter voted on by holders of Common Stock. The holders of
shares of Series B Preferred together with the holders of Common Stock (and
together with the holders of any and all other shares of capital stock of the
Corporation entitled to vote on such matter) shall vote as a single class on
such matter. With respect to any such vote, each share of Series B Preferred
shall entitle the holder thereof to cast ten (10) votes per share.

         (b)      Protective Provisions. Unless the consent or approval of a
greater number of shares shall then be required by law, the affirmative consent
of the holders of at least 50% of the outstanding shares of Series B Preferred
shall be necessary to:

                  (i)      authorize, increase the authorized number of shares
of, or issue (including on conversion or exchange of any convertible or
exchangeable securities or by reclassification), any shares of any series, class
or classes of Senior Stock, Series A Preferred, Series B Preferred, Parity
Stock, or Junior Stock (but only if, in the case of Junior Stock, such stock has
a mandatory or optional redemption date and any such Junior Stock could be
redeemed while any share of Series B Preferred is issued and outstanding), other
than pursuant to the Series A Purchase Agreements and/or the Series B Purchase
Agreement;

                  (ii)     authorize, adopt or approve an amendment to the
Charter that would increase or decrease the Liquidation Preference of shares of
Series A Preferred or Series B Preferred, or alter or change the powers,
preferences or special rights of the shares of Series A Preferred or Series B
Preferred or the shares of any class of Parity Stock or Senior Stock;

                  (iii)    amend or alter the Charter so as to affect the shares
of Series B Preferred adversely, including by granting any voting right to any
holder of notes, bonds, debentures or other debt obligations of the Corporation,
by reclassifying any capital stock into Senior Stock or Parity Stock or by
amending the terms of any class of Parity Stock or Senior Stock or amending the
terms covering redemption of any Junior Stock;

                  (iv)     authorize or issue any security convertible into,
exchangeable for or evidencing the right to purchase or otherwise receive any
shares of any class or classes of Senior Stock or Parity Stock;

Global Energy Group, Inc.
Certificate of Designation
Series B Preferred Stock
Page 3

<PAGE>

                  (v)      incur any indebtedness for borrowed money other than
the Prior Loans and/or the GEAG Loans; or

                  (vi)     effect the voluntary liquidation, dissolution,
winding up, recapitalization or reorganization of the Corporation, or the
consolidation or merger of the Corporation with or into any other Person (except
a wholly-owned subsidiary of the Corporation), or the sale or other distribution
to another Person of all or substantially all of the assets of the Corporation;
provided, however, that no separate vote or consent of the holders of the Series
B Preferred as a class shall be required under this clause (vi) in the case of a
recapitalization, reorganization, consolidation or merger of the Corporation if:

                           (A)      the resulting or surviving corporation will
have after such recapitalization, reorganization, consolidation or merger no
Senior Stock or Parity Stock either authorized or outstanding (except such
Senior Stock or Parity Stock of the Corporation as may have been authorized or
outstanding immediately preceding such consolidation or merger, or such stock of
the resulting or surviving corporation (having the same powers, preferences and
special rights of any such Senior Stock or Parity Stock) as may be issued in
exchange therefor),

                           (B)      each holder of shares of Series B Preferred
immediately preceding such recapitalization, reorganization, consolidation or
merger will receive in exchange therefor the same number of shares of stock,
with the same preferences, rights and powers, of the resulting or surviving
corporation, and

                           (C)      after such recapitalization, reorganization,
consolidation or merger the resulting or surviving corporation shall not be in
breach of any of the terms hereof.

         (c)      Exercise of Voting Rights. The foregoing right of holders of
shares of Series B Preferred to take any action as provided in Section 3(b) may
be exercised at any annual meeting of stockholders or at a special meeting of
holders of shares of Series B Preferred held for such purpose or at any
adjournment thereof, or by the written consent, delivered to the Secretary of
the Corporation, of the holders of the minimum number of shares required to take
such action.

         In connection with the exercise of such right (and unless such right
has been exercised by written consent of the minimum number of shares required
to take such action), the President of the Corporation may call, and upon the
written request of holders of record of at least 5% of the outstanding shares of
Series B Preferred, addressed to the Secretary of the Corporation at the
principal office of the Corporation, shall call, a special meeting of the
holders of Series B Preferred (and the holders of any and all other shares of
capital stock of the Corporation entitled to vote on the relevant matter or
matters). Such meeting shall be held within 30 days after delivery of such
request to the Secretary, at the place and upon the notice provided by law and
in the by-laws of the Corporation for the holding of meetings of stockholders.

                  (i)      At each meeting of stockholders at which the holders
of shares of Series B Preferred shall have the right, voting separately as a
single class, to take any action, the presence in person or by proxy of the
holders of record of greater than one-half of the total number of shares of
Series B Preferred then outstanding and entitled to vote on the matter shall be
necessary

Global Energy Group, Inc.
Certificate of Designation
Series B Preferred Stock
Page 4

<PAGE>

and sufficient to constitute a quorum of such holders. At any such meeting or at
any adjournment thereof:

                           (A)      the absence of a quorum of the holders of
shares of Series B Preferred shall not prevent the election of directors, and
the absence of a quorum of the holders of shares of any other class of series of
capital stock shall not prevent the taking of any action as provided in this
Section 3; and

                           (B)      in the absence of a quorum of the holders of
shares of Series B Preferred, a majority of the holders of such shares present
in person or by proxy shall have the power to adjourn the meeting as to the
actions to be taken by the holders of shares of Series B Preferred from time to
time and place to place without notice other than announcement at the meeting
until a quorum shall be present.

For taking of any action by the holders of shares of Series B Preferred, voting
separately as a class, each such holder shall have one vote for each share of
such stock standing in his name on the transfer books of the Corporation as of
any record date fixed for such purpose or, if no such date be fixed, at the
close of business on the Business Day next preceding the day on which notice is
given, or if notice is waived, at the close of business on the Business Day next
preceding the day on which the meeting is held; provided, however, that shares
of Series B Preferred held by the Corporation or any Affiliate of the
Corporation shall not be deemed to be outstanding for purposes of taking any
action as provided in this Section 3.

Section 4.        Certain Restrictions.

         (a)      No Dividends. Whenever any accrued dividends (including
Additional Dividends) payable on shares of Series B Preferred as provided in
Section 2 have not been paid in full in cash then, at such time and thereafter
until all unpaid dividends payable, whether or not declared, on the outstanding
shares of Series B Preferred shall have been paid in full in cash or declared
and set apart in cash for payment, the Corporation shall not: (A) declare or pay
dividends, or make any other distributions, on any shares of Junior Stock; or
(B) declare or pay dividends, or make any other distributions, on any shares of
Parity Stock, except (i) dividends or distributions paid ratably on the Series B
Preferred and all Parity Stock on which dividends are payable or in arrears, in
proportion to the total amounts to which the holders of all shares of the Series
B Preferred and such Parity Stock are then entitled.

         (b)      No Redemption. Whenever dividends payable on shares of Series
B Preferred as provided in Section 2(a) are not paid in full in cash then, at
such time and thereafter until all unpaid dividends payable, whether or not
declared, on the outstanding shares of Series B Preferred shall have been paid
in full in cash or declared and set apart in cash for payment, the Corporation
shall not redeem, purchase or otherwise acquire for consideration any shares of
Junior Stock or Parity Stock; provided, however, that (A) the Corporation may
accept shares of any Parity Stock or Junior Stock for conversion into Junior
Stock and (B) the Corporation may at any time redeem, purchase or otherwise
acquire shares of any Parity Stock pursuant to any mandatory redemption, put,
sinking fund or other similar obligation contained in such Parity Stock, pro
rata with the Series B Preferred in proportion to the total amount then required
to be

Global Energy Group, Inc.
Certificate of Designation
Series B Preferred Stock
Page 5
<PAGE>

applied by the Corporation to redeem, repurchase, convert, exchange or otherwise
acquire shares of Series B Preferred and shares of such Parity Stock.

         (c)      Subsidiary Action. The Corporation shall not permit any
Subsidiary of the Corporation, or cause any other Person, to purchase or
otherwise acquire for consideration any shares of capital stock of the
Corporation unless the Corporation could, in compliance with this Certificate of
Designation, purchase such shares at such time and in such manner; provided that
this provision shall not prohibit sales of shares of capital stock by the
Corporation to any third party.

         (d)      Prohibited Actions. The Corporation shall not (i) declare or
pay dividends, or make any other distributions, on or with respect to any shares
of Series B Preferred, (ii) redeem, purchase or otherwise acquire for
consideration any shares of Series B Preferred, or (iii) make any distribution
in respect of liquidation to the holders of Series B Preferred, in each case if
and to the extent prohibited by the terms of any Senior Stock or applicable law.

Section 5.        Redemption.

         (a)      Optional Redemption. Except as otherwise set forth in this
Section 5, the Corporation shall not have any right to redeem any share of
Series B Preferred prior to the first anniversary of the Issue Date thereof On
and after the first anniversary of the Issue Date, the Corporation shall have
the right, at its sole option and election, to redeem any share of Series B
Preferred, in whole but not in part, on not less than 10 days notice of the date
of redemption (any such date an "Optional Redemption Date") for cash at a price
per share (the "Redemption Price") equal to the sum of the (i) Liquidation
Preference per share and (ii) any accrued and unpaid dividends thereon
(including Additional Dividends), whether or not declared or payable, to the
applicable Optional Redemption Date, in immediately available funds. No election
to redeem shares pursuant to this paragraph shall have any force or effect
unless the applicable Redemption Price is in fact paid in cash at the time of
redemption.

         (b)      Mandatory Redemption.

                  (i)      To the extent permitted by law and to the extent the
Corporation possesses sufficient funds to pay the applicable Redemption Price,
the Corporation shall redeem, for cash in the amount of the Redemption Price, on
each anniversary of the Issue Date of any share or shares of Series B Preferred
(each a "Mandatory Redemption Date"), a number of shares of Series B Preferred
equal to the lesser of (a) one-third of the number of shares of Series B
Preferred originally issued on such Issue Date, multiplied by the number of
years since such Issue Date, minus the number of shares originally issued on
such Issue Date but already redeemed, or (b) all shares of Series B Preferred
issued and outstanding on such anniversary date. The redemption price for all
shares then redeemed shall be a price per share equal to the sum of (x) the
Liquidation Preference for such share plus (y) any accrued and unpaid dividends
thereon (including Additional Dividends) whether or not declared or payable.
Prior to authorizing or making such redemption with respect to the Series B
Preferred, the Corporation, by resolution of the Board of Directors shall, to
the extent of funds legally available therefor, declare a dividend on the Series
B Preferred payable on the Mandatory Redemption Date in an

Global Energy Group, Inc.
Certificate of Designation
Series B Preferred Stock
Page 6

<PAGE>

amount equal to any accrued and unpaid dividends on the Series B Preferred as of
such date (including Additional Dividends) and, if the Corporation does not have
sufficient legally available funds to declare and pay all dividends accrued at
the time of such redemption, any remaining accrued and unpaid dividends
(including Additional Dividends) shall be added to the Redemption Price. After
paying any accrued and unpaid dividends pursuant to the foregoing sentence, if
the funds of the Corporation legally available for redemption of shares of the
Series B Preferred then required to be redeemed are insufficient to redeem the
total number of such shares then outstanding, then those funds that are legally
available shall be used to redeem the maximum possible number of shares of the
Series B Preferred. Shares to be redeemed shall be allocated pro rata among the
holders of the Series B Preferred based on the number of shares of Series B
Preferred held by such holders. At any time and from time to time thereafter,
when additional funds of the Corporation are legally available to discharge its
obligation to redeem all of the outstanding shares of Series B Preferred
required to be redeemed pursuant to this paragraph (the "Mandatory Redemption
Obligation"), such funds shall be immediately used to discharge such Mandatory
Redemption Obligation until the balance of such shares have been redeemed. If
and so long as the Mandatory Redemption Obligation shall not be fully
discharged, dividends on any remaining outstanding shares of Series B Preferred
shall continue to accrue and be added to the dividend payable pursuant to the
second preceding sentence.

                  (ii)     Notwithstanding anything to the contrary, as to any
share of Series B Preferred and as to any Mandatory Redemption Date, if the
preceding paragraph (i) would (but for this paragraph (ii)) require the
redemption of such share on such Mandatory Redemption Date, then, upon the
written agreement of the Corporation and the holder of such share, such share
shall not be subject to redemption and shall not be redeemed on such Mandatory
Redemption Date, but shall instead be subject to redemption and shall be
redeemed on such subsequent Mandatory Redemption Date as the Corporation and
such holder shall agree in writing.

         (c)      Notice.

                  (i)      The Corporation will provide notice to holders of
record of the Series B Preferred (x) of any redemption pursuant to Section 5(a)
or 5(b) not less than 10 nor more than 60 days prior to the date fixed for such
redemption (a "Redemption Notice"). Any Redemption Notice provided pursuant to
this Section 5( c) shall be provided by first-class mail postage prepaid, to
each holder of record of the Series B Preferred, at such holder's address as it
appears on the stock transfer books of the Corporation.

                  (ii)     Each Redemption Notice shall state, as appropriate:
(x) the Applicable Optional Redemption Date or Mandatory Redemption Date (each a
"Redemption Date"); (y) the number of shares of Series B Preferred to be
redeemed and, if fewer than all the shares held by any holder are to be
redeemed, the number of such shares to be redeemed from such holder; and (z) the
applicable Redemption Price.

                  (iii)    In addition, each Redemption Notice shall state, as
appropriate: (x) the place or places where certificates for such shares are to
be surrendered for redemption; (y) the amount of full cumulative dividends per
share of Series B Preferred to be redeemed (including

Global Energy Group, Inc.
Certificate of Designation
Series B Preferred Stock
Page 7

<PAGE>

Additional Dividends) up to but excluding the Applicable Redemption Date, and
that dividends on shares of Series B Preferred to be redeemed will cease to
accrue on such Redemption Date unless the Corporation shall default in payment
of the Applicable Redemption Price; and (z) the name and location of any bank or
trust company with which the Corporation will deposit redemption funds pursuant
to paragraph (e) below.

Any Redemption Notice that is mailed pursuant to clause (i) shall be
conclusively presumed to have been duly given, whether or not the holder of
shares of Series B Preferred receives such notice, and failure to give such
notice by mail, or any defect in such notice, to the holders of any shares
designated for redemption shall not affect the validity of the proceedings for
the redemption of any other shares of Series B Preferred.

         (d)      Mechanics of Redemption. Upon surrender in accordance with any
notice referred to in paragraph (c) above of the certificate for any shares
redeemed pursuant to Section S(a) or (b) (duly endorsed or accompanied by
appropriate instruments of transfer if so required by the Corporation), the
holders of record of such shares shall be entitled to receive the Applicable
Redemption Price, without interest, up to but excluding such Redemption Date out
of funds legally available therefor. If fewer than all the shares represented by
any such certificate are redeemed, a new certificate representing the unredeemed
shares shall be issued without cost to the holder thereof.

         (e)      Redemption Funds. On the date of any redemption being made
pursuant to this Section, the Corporation shall, and at any time after mailing
the Redemption Notice and before the Applicable Redemption Date the Corporation
may, deposit for the benefit of the holders of shares of Series B Preferred to
be redeemed the funds necessary for such redemption with a bank: or trust
company having a capital and surplus of at least $1 billion, with instructions
to such bank: or trust company to pay the full redemption as provided herein to
the holders of shares of Series B Preferred upon surrender of certificates for
such shares; provided, however, that the making of such deposit shall not
release the Corporation from any of its obligations hereunder. Any moneys so
deposited by the Corporation and unclaimed at the end of two years from the
Applicable Redemption Date shall revert to the general funds of the Corporation
and, upon demand, such bank: or trust company shall pay over to the Corporation
such unclaimed amounts and thereupon such bank: or trust company shall be
relieved of all responsibility in respect thereof and any holder of shares of
Series B Preferred so redeemed shall look only to the Corporation for the
payment of the full redemption amounts, as provided herein.

         (f)      Rights After Redemption. Notice of redemption having been
given as provided above, upon and during the availability of the deposit
pursuant to paragraph (e) of the full redemption amounts as provided herein in
respect of all shares of Series B Preferred then to be redeemed, notwithstanding
that any certificates for such shares shall not have been surrendered in
accordance with paragraph (d), from and after the Applicable Redemption Date:
(i) the shares represented thereby shall no longer be deemed outstanding, (ii)
the right to receive dividends thereon shall cease to accrue, and (iii) all
rights of the holders of such shares of Series B Preferred shall cease and
terminate, excepting only the right to receive the full redemption amounts as
provided herein without interest thereon. If the funds deposited are not
sufficient for redemption of the shares of the Series B Preferred that were to
be redeemed, then no certificates

Global Energy Group, Inc.
Certificate of Designation
Series B Preferred Stock
Page 8

<PAGE>

evidencing such shares shall be deemed surrendered and such shares shall remain
outstanding and the rights of holders of shares of Series B Preferred shall
continue to be those of holders of shares of the Series B Preferred.

Section 6.        Reacquired Shares.

         Any shares of Series B Preferred exchanged, redeemed, purchased or
otherwise acquired by the Corporation in any manner whatsoever shall be retired
and canceled promptly after the acquisition thereof all such shares of Series B
Preferred shall upon their cancellation become authorized but unissued shares of
preferred stock, par value $.001 per share, of the Corporation and, upon the
filing of an appropriate Certificate of Designation with the Secretary of State
of the State of Delaware, may be reissued as part of another series of preferred
stock, par value $.001 per share, of the Corporation subject to the conditions
or restrictions on issuance set forth therein.

Section 7.        Liquidation. Dissolution or Winding Up.

         (a)      Effect of Liquidation. If the Corporation shall commence a
voluntary case under the United States bankruptcy laws or any applicable
bankruptcy, insolvency or similar law of any other country, or consent to the
entry of an order for relief in an involuntary case under any such law or to the
appointment of a receiver, liquidator, assignee, custodian, trustee,
sequestrator (or other similar official) of the Corporation or of any
substantial part of its property, or make assignment for the benefit of its
creditors, or admit in writing its inability to pay its debts generally as they
become due (any such event, a "Voluntary Liquidation Event"), or if a decree or
order for relief in respect of the Corporation shall be entered by a court
having jurisdiction in the premises in an involuntary case under the United
States bankruptcy laws or any applicable bankruptcy, insolvency or similar law
of any other country, or appointing a receiver, liquidator, assignee, custodian,
trustee, sequestrator (or other similar official) of the Corporation or of any
substantial part of its property, or ordering the winding up or liquidation of
its affairs, and on account of any such event the Corporation shall liquidate,
dissolve or wind up, or if the Corporation shall otherwise liquidate, dissolve
or wind up, no distribution shall be made:

                  (i)      to the holders of shares of Junior Stock unless,
prior thereto, the holders of shares of Series B Preferred shall have received
the Liquidation Preference, plus all accrued and unpaid dividends (including
Additional Dividends), whether or not declared or currently payable, to the date
of distribution, with respect to each share, or

                  (ii)     to the holders of shares of Parity Stock, except
distributions made ratably on the Series B Preferred and all other Parity Stock
in proportion to the total amounts to which the holders of all shares of the
Series B Preferred and other Parity Stock are entitled upon such liquidation,
dissolution or winding up.

         (b)      Voluntary Liquidation. For purposes of this Section 7, the
holders of a majority of the outstanding shares of the Series B Preferred may
elect to have treated as a Voluntary Liquidation Event the consolidation or
merger of the Corporation with or into any other corporation or the sale or
other transfer in a single transaction or a series of related transactions

Global Energy Group, Inc.
Certificate of Designation
Series B Preferred Stock
Page 9

<PAGE>

of all or substantially all of the assets of the Corporation, or any other
reorganization or business combination of the Corporation.

Section 8.        No Conversion.

         (a)      Shares of Series B Preferred shall not be convertible into
shares of Common Stock.

Section 9.        Certain Remedies.

         Any registered holder of Series B Preferred shall be entitled to an
injunction or injunctions to prevent breaches of the provisions of this
Certificate of Designation and to enforce specifically the terms and provisions
of this Certificate of Designation in any court of the United States or any
state thereof having jurisdiction, this being in addition to any other remedy to
which such holder may be entitled at law or in equity.

Section 10.       Definitions.

         For the purposes of this Certificate of Designation, the following
terms shall have the meanings indicated:

         "Affiliate" shall have the meaning ascribed to such term in Rule 12b-2
of the General Rules and Regulations under the Exchange Act; provided. that for
purposes of this Certificate of Designation, neither GEAG nor any of its
Affiliates shall be considered an Affiliate of the Corporation.

         "Business Day" shall mean any day other than a Saturday, Sunday or
other day on which commercial banks in the State of Delaware are authorized or
required by law or executive order to close.

         "Common Stock" shall mean the common stock, par value $.001 per share,
and each other class of capital stock of the Corporation into which such stock
is reclassified or reconstituted.

         "Effective Date" shall mean the first date on which any shares of
Series B Preferred shall be issued.

         "Exchange Act" shall mean the Securities Exchange Act of 1934, as
amended, and the rules and regulations of the Securities and Exchange Commission
thereunder.

         "Fair Market Value" shall mean the amount which a willing buyer, under
no compulsion to buy, would pay a willing seller, under no compulsion to sell,
in an arm's-length transaction (assuming that the Common Stock is valued "as if
fully distributed" so that, among other things, there is no consideration given
for minority investment discounts or discounts related to illiquidity or
restrictions on transferability).

Global Energy Group, Inc.
Certificate of Designation
Series B Preferred Stock
Page 10

<PAGE>

         "GAAP" shall mean the generally accepted United States accounting
principles in effect from time to time.

         "GEAG" shall mean Global Energy Acquisition Group, L.L.C., an Oklahoma
limited liability company.

         "GEAG Loan" and "GEAG Loans" shall mean and refer to each loan to the
Corporation by, and all indebtedness of the Corporation to, GEAG that is or was
incurred by the Corporation on or before the first date on which shares of
Series B Preferred are issued and outstanding or pursuant to arrangements in
effect on or before such date, along with all interest thereon and other amounts
due or payable by the Corporation with respect thereto.

         "Issue Date" shall mean, with respect to any share of Series B
Preferred, the original date of issuance of such share of Series B Preferred
pursuant to the Series B Purchase Agreement.

         "Junior Stock" shall mean any capital stock of the Corporation other
than Senior Stock or Parity Stock ranking junior (either as to dividends or upon
liquidation, dissolution or winding up) to the Series B Preferred including,
without limitation, the Common Stock and, at any time as of which there does not
exist a material default by GEAG under the Series B Purchase Agreement, which
default has remained uncured for a period of more than thirty (30) days, the
Series A Preferred.

         "Liquidation Preference" with respect to a share of Series B Preferred
shall mean $1.00.

         "Market Price" shall mean, per share of Common Stock on any date
specified herein: (a) the closing price per share of the Common Stock on such
date published in The Wall Street Journal or, if no such closing price on such
date is published in The Wall Street Journal, the average of the closing bid and
asked prices on such date, as officially reported on the principal national
securities exchange on which the Common Stock is then listed or admitted to
trading; (b) if the Common Stock is not then listed or admitted to trading on
any national securities exchange but is designated as a national market system
security, the last trading price of the Common Stock on such date; or (c) if
there shall have been no trading on such date or if the Common Stock is not so
designated, the average of the reported closing bid and asked prices of the
Common Stock on such date as shown by Nasdaq and reported by any member firm of
the NYSE selected by the Corporation. If neither (a), (b) or (c) is applicable,
Market Price shall mean the Fair Market Value per share determined in good faith
by the Board of Directors of the Corporation which shall be deemed to be Fair
Market Value unless holders of at least 50% of the outstanding shares of Series
B Preferred request that the Corporation obtain an opinion of a nationally
recognized investment banking firm chosen by such holders and the Corporation
(at the Corporation's expense), in which event Fair Market Value shall be as
determined by such investment banking firm.

         "Nasdaq" shall mean any inter-dealer quotation system owned and
operated by the National Association of Securities Dealers, Inc., or any
affiliate or subsidiary thereof.

         "NYSE" shall mean the New York Stock Exchange, Inc.

Global Energy Group, Inc.
Certificate of Designation
Series B Preferred Stock
Page 11

<PAGE>

         "Parity Stock" shall mean any capital stock of the Corporation, other
than Senior Stock, ranking on a par (either as to dividends or upon liquidation,
dissolution or winding up) with the Series B Preferred, including, at any time
as of which there exists a material default by GEAG under the Series B Purchase
Agreement, which default has remained uncured for a period of more than thirty
(30) days, the Series A Preferred.

         "Person" shall mean any individual, firm, corporation, partnership,
limited liability company trust, incorporated or unincorporated association,
joint venture, joint stock company, government (or an agency or political
subdivision thereof) or other entity of any kind, and shall any successor (by
merger) of such entity.

         "Prior Lender" and "Prior Lenders" shall mean and refer to Quest
Capital Alliance, L.L.C., a Missouri limited liability company; Robert J. Smith,
an individual with a principal residence in Springfield, Missouri; Joseph H.
Richardson, an individual with a principal residence in Pittsburgh,
Pennsylvania; and Peter E. Toomey, an individual with a principal residence in
Pittsburgh, Pennsylvania.

         "Prior Loan" and "Prior Loans" shall mean and refer to each loan to the
Corporation by, and all indebtedness of the Corporation to, anyone or more of
the Prior Lenders that is or was incurred by the Corporation on or before the
first date on which shares of Series B Preferred are issued and outstanding,
along with all interest thereon and other amounts due or payable by the
Corporation with respect thereto.

         "Senior Stock" shall mean any capital stock of the Corporation ranking
senior (either as to dividends or upon liquidation, dissolution or winding up)
to the Series B Preferred.

         "Series A Preferred" shall mean the Corporation's 6% Redeemable
Preferred Stock, Series A.

         "Series A Purchase Agreement" and "Series A Purchase Agreements" shall
mean and refer to those four separate agreements, each titled "Series A Purchase
Agreement" and each dated January 30, 2004 between the Corporation and each of
the Prior Lenders, each as the same may be amended from time to time.

         "Series B Preferred" shall mean the Corporation's 6% Redeemable
Preferred Stock, Series B.

         "Series B Purchase Agreement" shall mean the agreement, titled "Series
B Purchase Agreement" and dated January 30,2004, between the Corporation and
GEAG, as the same may be amended from time to time.

         "Subsidiary" shall mean, with respect to any Person, a corporation or
other entity of which 50% or more of the voting power of the voting equity
securities or equity interest is owned, directly or indirectly, by such Person.

Global Energy Group, Inc.
Certificate of Designation
Series B Preferred Stock
Page 12

<PAGE>

         "Trading Day" shall mean a day on which the national securities
exchanges are open for trading.

Section 11.       Modification or Amendment.

         Except as specifically set forth herein, modifications or amendments to
this Certificate of Designation may be made by the Corporation at any time and
from time to time with the consent of the holders of at least 50% of the then
outstanding shares of Series B Preferred, and at least 50% of the then
outstanding shares of each class and series of Senior Stock, and at least 50% of
the then outstanding shares of each class and series of Parity Stock. No
modification or amendment to this Certificate of Designation shall require the
vote, approval or consent by or of any shares of Common Stock or other Junior
Stock or any holders thereof.

         IN WITNESS WHEREOF, Global Energy Group, Inc. has caused this
Certificate of Designation to be duly executed in its corporate name on this
30th day of January, 2004.

                                         GLOBAL ENERGY GROUP, INC.

                                         By:
                                             -----------------------------------
                                         Name:
                                               ---------------------------------
Title:
      --------------------------------------

Global Energy Group, Inc.
Certificate of Designation
Series B Preferred Stock
Page 13

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