Document:

Exhibit
4.2

 

CERTIFICATE
OF DESIGNATIONS OF THE

SERIES B CONVERTIBLE PREFERRED STOCK OF

BOXLIGHT CORPORATION

 

PURSUANT
TO SECTION 78.195

OF THE NEVADA REVISED STATUTES

 

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

 

That
pursuant to the authority expressly conferred upon the Board of Directors of the Corporation (the “Board”)
by the Corporation’s Articles of Incorporation, as amended (the “Articles of Incorporation”), the Board
on July 30, 2015, adopted the following resolutions creating a series of preferred stock designated as Series B Convertible Preferred
Stock, none of which have been issued:

 

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

 

TERMS
OF SERIES B CONVERTIBLE PREFERRED STOCK

 

1.
Definitions; Designation and Number.

 

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

 

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

 

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

 

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

 

    		-1-	

    	

    

 

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

 

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

 

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

 

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

 

    		-2-	

    	

    

 

6.
Conversion.

 

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

 

6.2.
Optional Conversion.

 

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

 

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

 

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

 

    		-3-	

    	

    

 

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

 

6.4.
Reservation of Common Stock Issuable Upon Conversion. The Corporation shall at all times reserve and keep available out of
its authorized but unissued shares of Common Stock, solely for the purpose of effecting the conversion of the shares of the Series
B Preferred Stock, such number of its shares of Common Stock as shall from time to time be sufficient to effect the conversion
of all outstanding shares of the Series B Preferred Stock; and if at any time the number of authorized but unissued shares of
Common Stock shall not be sufficient to effect the conversion of all then outstanding shares of the Series B Preferred Stock,
the Corporation will take such corporate action as may, in the opinion of its counsel, be necessary to increase its authorized
but unissued shares of Common Stock to such number of shares as shall be sufficient for such purpose, including, without limitation,
engaging in best efforts to obtain the requisite stockholder approval of any necessary amendment to the Corporation’s Articles
of Incorporation.

 

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

 

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

 

    		-4-	

    	

    

 

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

 

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

 

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

 

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

 

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

 

13.
Transfer Restrictions.

 

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

 

    		-5-	

    	

    

 

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

 

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

 

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

 

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

 

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

 

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

 

15.
Miscellaneous.

 

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

 

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

 

    		-6-	

    	

    

 

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

 

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

 

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

 

The
undersigned has executed this certificate on August , 2015.

 

	 	 
	 	Sheri
    Lofgren, Chief Financial Officer

  

    		-7-	

    	

    

 

EXHIBIT
I

 

BOXLIGHT
CORPORATION

CONVERSION NOTICE

 

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

 

	 	Date
    of Conversion: 
                                                                                                                                                	 
	 	 	 
	 	Number     of
    shares of Series B Preferred Stock to be converted: 
                                                                       	 
	 	 	 
	 	Share
    certificate     no(s). of Series B Preferred Stock to be converted: 
                                                              	 
	 	 	 
	 	Tax     ID Number
    (if applicable): 
                                                                                                                               	 
	 	 	 
	 	Number of shares
    of Common Stock to be issued: 
                                                                                             	 

 

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

 

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

 

	 	By:
                                                                                                    
	 	 
	 	Print     Name: 
                                                                                      
	 	 
	 	Print     Title: 
                                                                                        
	 	 
	 	Date:
                                                                                                 

 

	 	Account
    Number (if electronic book entry transfer): 
                                                                                       
	 	 
	 	Transaction
    Code Number (if electronic book entry transfer):                                                                     

  

    	 

    	 

    

 

EXHIBIT
II

 

DEFINITIONS

 

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

 

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

 

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

 

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

 

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

 

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

 

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

 

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

 

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

 

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

 

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

 

“Transfer”
means to sell, transfer, hypothecate or otherwise assign.Exhibit 4.3

 

CERTIFICATE OF DESIGNATIONS OF THE

SERIES C CONVERTIBLE PREFERRED STOCK OF

BOXLIGHT CORPORATION

 

PURSUANT TO SECTION 78.195

OF THE NEVADA REVISED STATUTES

 

I, Michael Pope, hereby
certify that I am the President of Boxlight Corporation, formerly, known as Logical Choice Corporation (the “Corporation”,
a corporation organized and existing under the Nevada Revised Statutes, and further do hereby certify:

 

That pursuant to the authority
expressly conferred upon the Board of Directors of the Corporation (the “Board”) by the Corporation’s
Articles of Incorporation, as amended (the “Articles of Incorporation”), the Board on July 30, 2015, adopted
the following resolutions creating a series of preferred stock designated as Series C Convertible Preferred Stock, none of which
have been issued:

 

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

 

TERMS OF SERIES C CONVERTIBLE PREFERRED STOCK

 

ARTICLE
I Designation and Number.

 

1.1
A series of Preferred Stock, designated as Series C Convertible Preferred Stock (“Series C Preferred Stock”),
par value $0.0001 per share, is hereby established. The number of authorized shares of Series C Preferred Stock shall initially
be 270,000 shares (as adjusted, pursuant to Section Article IV, the “Authorized Shares”), and the stated value amount
per share of Series C Preferred Stock shall be $22.20 (the “Stated Value Per Share”), or $5,994,018 as to all
shares of Series C Preferred Stock. 

 

1.2
Pursuant to the Share Purchase Agreement, the Company acquired a minimum of 82.3% of the issued and outstanding common shares of
Everest Display, Inc. and may acquire additional common shares of Everest Display, Inc.

 

1.3
The Series C Preferred Stock is being issued pursuant to the terms of the Everest Option Agreement. 

 

1.4
As used in this Certificate, the term “Automatic Conversion Shares” shall mean the aggregate number of shares
of Company Class A Common Stock issuable upon the automatic conversion of all of the Series C Preferred Stock into such Class A
Common Stock upon the occurrence of a Liquidity Event; being that number of shares of Class A Common Stock resulting from (a) multiplying
the final percentage of the issued and outstanding common shares of Everest Display, Inc. acquired by the Company by not less than
82.3% of Twenty Million ($20,000,000) Dollars, or Sixteen Million Four Hundred and Sixty Thousand ($16,460,000) Dollars, and (b)
dividing the product thereof by the Per Share Price; provided, that, the Automatic
Conversion Shares shall represent not less than 20.575% and not more than 25.00% of the Fully-Diluted Common Stock of the Corporation.
For the avoidance of doubt, in connection with the contemplated IPO, and after giving effect to a 1:7.665 reverse stock split of
the outstanding Common Stock of the Corporation, the Automatic Conversion Shares will be 1,623,917 shares of Class A Common Stock
and, together with the Bonus Shares contemplated by the Share Purchase Agreement, such Automatic Conversion Shares shall be an
aggregate of 1,765,127 shares of Class A Common Stock, or approximately 22.22% of the Fully-Diluted Common Stock of the Corporation.

 

    	 

    	 

    

 

1.5
As used in this Certificate, the term “Everest Option Agreement” shall mean the option agreement, dated as of
January 20, 2015, as amended on March 27, 2015 and as further amended on June 1, 2015 among the Corporation, K Laser Technology,
Inc. and other parties thereto.

 

1.6
As used in this Certificate, the term “Fully-Diluted Common Stock” shall have the same meaning as the definition
of “Fully-Diluted Common Stock of the Parent” as set forth in the Share Purchase Agreement.

 

1.7
As used in this Certificate, the term “Holder” shall mean one or more holder(s) of shares of Series C Preferred
Stock.

 

1.8
As used in this Certificate, the term “Majority Holders” shall mean those persons who were issued a majority
of the shares of Series C Preferred Stock pursuant to the terms of the Everest Option Agreement to the extent that such persons
continue to own capital stock in the Corporation.

 

1.9
As used in this Certificate, the term “Share Purchase Agreement” shall mean the share purchase agreement dated
as of as of January 20, 2015, as amended on March 27, 2015 and as further amended on June 1, 2015 among K Laser Technology, Inc.,
Boxlight Display, Inc., and the other Majority Shareholders (as defined in the Share Purchase Agreement), the Corporation and Vert
Capital Corp.

 

1.10
As used in this Certificate, the term “Liquidity Event” shall have the meaning as such term is defined in the
Share Purchase Agreement.

 

1.11
As used in this Certificate, the term “Market Value” shall have the meaning as such term is defined in the Share
Purchase Agreement.

 

1.12
As used in this Certificate, the term “Per Share Price” shall have the meaning as such term is defined in Section
1.6 of the Share Purchase Agreement.

 

1.13
As used in this Certificate, the term “IPO” shall have the meaning as such term is defined in Section 1.6 of
the Share Purchase Agreement.

 

1.14
The term “Company” as used in the Share Purchase Agreement and in the Option Agreement shall mean the Corporation.

 

ARTICLE
II Rank. All
shares of the Series C Preferred Stock shall rank senior to (i) to the Corporation’s
Common Stock, $0.0001 par value per share, of the Corporation (the “Common
Stock”) and any other class of securities which is specifically
designated as junior to the Series C Preferred Stock (collectively, with the Common Stock, the “Junior
Securities”); and (ii) pari passu with any other
class or series of Preferred Stock of the Corporation hereafter created specifically ranking, by its terms, on parity with the
Series C Preferred Stock, including without limitation, 2,500,000 shares of Series A Preferred Stock, $1.00 stated value per share,
1,000,000 shares of Series B Preferred Stock, $1.00 stated value per share and all other shares of Preferred Stock of the Corporation
(other than the Series C Preferred Stock) to be issued in series in connection with the “Acquisitions”
of the “Target
Companies,” as those terms are defined in the Everest Option
Agreement, and to any notes, convertible securities or class or series of capital stock of the Corporation (including Preferred
Stock) hereafter issued for the purpose of consummating any public or private financing (collectively, the “Pari
Passu Securities”), in each case as to distribution
of assets upon liquidation, dissolution or winding up of the Corporation, whether voluntary or involuntary. 

 

    	 

    	 

    

 

ARTICLE
III Dividends.

 

(a) The Holders shall be
entitled to receive if, at the times set forth in this Section 0, cumulative annual dividends per share equal to six percent (6%)
of the aggregate Liquidation Preference (hereinafter defined) of the issued and outstanding Series C Preferred Stock. Accrual of
such dividends shall be computed on a 365-day basis, and shall be payable in full when the Series C Preferred Stock is redeemed
by the Corporation in the manner provided in paragraph (Article II) below. Such dividends shall be
payable annually each anniversary of the issue date of the Series C Preferred Stock in additional shares of Series C Preferred
Stock, and such dividends shall accrue whether or not declared and regardless of whether there are profits, surplus or other
funds legally available for payment of dividends, and shall be earned or payable from and after the issue date of the Series C
Preferred Stock. All dividends paid with respect to shares of Series C Preferred Stock pursuant to this Section 0 shall
be paid pro rata to the Holders entitled thereto. Dividends on the Series C Preferred Stock may not be declared, paid or set apart
for payment, nor may the Corporation redeem, purchase or otherwise acquire any shares of Series C Preferred Stock, if the Corporation
is not solvent or would be rendered insolvent thereby.

 

(b) Except as otherwise set
forth in this Section 0, the Series C Preferred Stock shall not pay a fixed or other dividend. The Holders shall, however, be entitled
to receive dividends when, as, and if declared by the Board, in an amount which shall be paid pro rata on the Common Stock and
the Series C Preferred Stock, on an equal priority, pari passu basis, according to the number of shares of Common Stock
held by the stockholders, where each Holder is to be treated for this purpose as holding (in lieu of such shares of Series C Preferred
Stock) the greatest whole number of shares of Common Stock then issuable upon conversion in full of such shares of Series C Preferred
Stock. The right to such dividends on shares of Series C Preferred Stock shall not be cumulative, and no right shall accrue to
Holders by reason of the fact that dividends on said shares are not declared in any period, nor shall any undeclared or unpaid
dividend bear or accrue interest.

 

ARTICLE II Liquidation
Preference. In the event
of a merger, sale (of substantially all assets or stock), any voluntary or involuntary liquidation, dissolution or winding up
of the affairs of the Corporation, then, either (i) simultaneous with any distribution or payment on Pari Passu Securities, and
(ii) before any distribution or payment shall be made to the holders of the Common Stock or any other Junior Securities, each
Holder of Series C Preferred Stock then outstanding shall be entitled to be paid, out of the assets of the Corporation available
for distribution to its stockholders, an amount (the “Liquidation
Preference”) equal to (i) the product of (A) the aggregate
number of shares of Series C Preferred Stock then outstanding, (B) the Stated Value Per Share and (C) a multiple of 3.71 plus
(ii) any accrued but unpaid dividends. If the assets of the Corporation
are not sufficient to generate cash sufficient to pay in full the Liquidation Preference, then the Holders of Series C Preferred
Stock shall share ratably (together with holders of any Pari Passu Securities) in any distribution of cash generated by such assets
in accordance with the respective amounts that would have been payable in such distribution as if the amounts to which the Holders
of outstanding shares of Series C Preferred Stock are entitled were paid in full. 

 

Article
III Voting Rights.
Each share of Series C Preferred Stock shall have a number of votes equal to the number of shares
of Common Stock then issuable upon conversion of each share of Series C Preferred Stock.
Except as otherwise set forth herein, the Holders shall have no right
to vote as a separate class on any matter submitted to vote by the stockholders of the Corporation, excluding, however, any proposed
amendment that would alter any right given to the Series C Preferred Stock; in which event the Series C Preferred Stock may vote
as a separate class with respect to such amendment. Holders shall
be entitled to notice of any stockholders’ meeting in accordance
with the Bylaws of the Corporation and shall vote with holders of the Common Stock upon the election of directors and upon any
other matter submitted to a vote of stockholders. Fractional votes
by the Holders shall not, however, be permitted and any fractional voting rights resulting from the above formula (after aggregating
all shares into which shares of Series C Preferred Stock held by each Holder could be converted) shall be rounded to the nearest
whole number (with one-half being rounded upward).

 

    	 

    	 

    

  

Article
IV Conversion.

 

4.1 Conversion
Ratio. Each full share of Series C Preferred Stock shall be convertible into Company Class A Common Stock of the Corporation,
at any time, into that number of shares of Company Class A Common Stock at a conversion ratio per share of Series C Preferred
Stock as shall be determined by dividing (A) the number of Authorized Shares, by (B) that number of shares of Common Stock equal
to the number of Automatic Conversion Shares (the “Series C Conversion Ratio”). Accordingly the initial
conversion ratio (the “Conversion Ratio”), shall be determined by dividing one share of the Series C
Preferred Stock by the Series C Conversion Ratio; provided,
that, depending upon the final percentage of the “Existing Everest Shares”
(as defined in the Share Purchase Agreement) that is acquired by the Corporation the number of Conversion Shares (defined below)
and the Series C Conversion Ratio shall result in all of the Conversion Shares having a Market Value of not less than Sixteen
Million Four Hundred and Sixty Thousand ($16,460,000) Dollars, and shall result in all of the Conversion Shares representing not
less than 20.575% of the Fully-Diluted Company Common Stock and not more than 25.0% of the Fully-Diluted Company Common Stock.

 

For the avoidance of doubt,
in the event and to the extent that the Automatic Conversion Shares shall represent less than 20.575% of the Fully-Diluted Common
Stock (subject to increase, as provided above, if the Corporation acquires in excess of 82.3% of the Existing Everest Shares under
the Share Purchase Agreement), upon the optional or automatic conversion of the Series C Preferred Stock, the Holders of Series
C Preferred Stock shall be entitled to receive, in addition to such Automatic Conversion Shares, the “Adjustment Shares”
as defined in the Everest Option Agreement. In addition, if the product of multiplying the Per Share Price by the number of Automatic
Conversion Shares shall result in a Market Value of less than $16,460,000 (subject to increase as provided above), the number of
Automatic Conversion Shares shall similarly be subject to increase by the issuance of additional shares of Common Stock.

 

4.2 Optional
Conversion. The Holders of shares of Series C Preferred Stock may, at their option and at any time or from time to
time, convert all or any portion of their shares of Series C Preferred Stock into Common Stock of the Corporation at any time
or from time to time (an “Optional Conversion”). In order to effect an Optional Conversion, a Holder of shares
of Series C Preferred Stock shall: (i) fax (or otherwise deliver) a copy of the fully executed Notice of Conversion to the Corporation
(Attention: Secretary) and (ii) surrender or cause to be surrendered the original certificates representing the Series C Preferred
Stock being converted (the “Series C Preferred Stock Certificates”), duly endorsed, along with a copy of the
Notice of Conversion as soon as practicable thereafter to the Corporation. Upon receipt by the Corporation of a facsimile copy
of a Notice of Conversion from a Holder, the Corporation shall promptly send, via facsimile, a confirmation to such Holder stating
that the Notice of Conversion has been received, the date upon which the Corporation expects to deliver the Common Stock issuable
upon such conversion and the name and telephone number of a contact person at the Corporation regarding the conversion. The Corporation
shall not be obligated to issue shares of Common Stock upon a conversion unless either the Series C Preferred Stock Certificates
are delivered to the Corporation as provided above, or the Holder notifies the Corporation that such Series C Preferred Stock
Certificates have been lost, stolen or destroyed and delivers the documentation to the Corporation.

 

    	 

    	 

    

 

4.3 Automatic
Conversion. Notwithstanding anything to the contrary contained herein, express or implied, but subject at all times to the
adjustment provisions of Section 6.4 below, immediately following the occurrence of (i) a Liquidity Event and (ii) the exercise
of the Option (as defined in the Option Agreement), all, and not less than all, of the then issued and outstanding shares of Series
C Preferred Stock shall automatically, and without any further action on the part of the Corporation or the Holder, be converted
(an “Automatic Conversion”) into that number of Automatic Conversion Shares having an aggregate Market Value of not
less than $16,640,000, less the aggregate number of shares of Common Stock previously issued in connection with any one
or more Optional Conversions contemplated by Section 4.2 above. Each Holder of Series C Preferred Stock shall be entitled to receive
his, her or its pro-rata portion of the Automatic Conversion Shares determined by the amount by which the number of shares of Common
Stock into which all of such Holder’s shares of Series C Preferred Stock may be converted pursuant to the Conversion Ratio,
bears to the total number of Automatic Conversion Shares. 

 

For
the avoidance of doubt, in connection with the contemplated IPO, and after giving effect to a 1:7.665 reverse stock split of the
outstanding Common Stock of the Corporation, the Automatic Conversion Shares will be 1,623,917 shares of Class A Common Stock and,
together with the Bonus Shares contemplated by the Share Purchase Agreement, such Automatic Conversion Shares shall be an aggregate
of 1,765,127 shares of Class A Common Stock, or approximately 22.22% of the Fully-Diluted Common Stock of the Corporation.

  

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

 

4.5 Adjustment
Upon Common Stock Event. In the event that a Common Stock Event occurs at any time or from time to time after the Original
Issue Date, the aggregate number of shares of Common Stock into which the Series C Preferred Stock may be converted (the “Conversion
Shares”) in effect immediately prior to such event shall, simultaneously with the occurrence of such Common Stock Event,
shall be proportionately decreased or increased, as appropriate. The Conversion Shares shall be readjusted in the same manner
upon the happening of each subsequent Common Stock Event. As used herein, the term “Common Stock Event” shall
mean: (a) the declaration or payment of any dividend or other distribution on the Common Stock, without consideration, payable
to one or more stockholders in additional shares of Company Class A Common Stock or other securities or rights convertible into,
or entitling the holder thereof to receive, directly or indirectly, additional shares of Common Stock; (b) a subdivision (by stock
split, reclassification or otherwise) of the outstanding shares of Common Stock into a greater number of shares of Common Stock;
or (c) a combination or consolidation (by reverse stock split) of the outstanding shares of Common Stock into a smaller number
of shares of Common Stock.

 

    	 

    	 

    

 

4.6
Adjustment of Series C Conversion Price. Upon Issuance of Additional Shares of Common Stock. In the event the Corporation
shall, at any time after the Original Issue Date and prior to a Liquidity Event, issue additional shares of Company Class A Common
Stock or Preferred Stock that is convertible into shares of Common Stock, then the Series C Conversion Price and the Conversion
Ratio shall be adjusted concurrently with such issue, so that the Series C Preferred Stock shall continue to represent not less
than twenty percent (20%) of the Fully-Diluted Common Stock of Company.

  

4.7
Reservation of Stock Issuable Upon Conversion. The Corporation shall at all times reserve and keep available out of its
authorized but unissued shares of Company Class A Common Stock, solely for the purpose of effecting the conversion of the shares
of the Series C Preferred Stock such number of its shares of Company Class A Common Stock as shall from time to time be sufficient
to effect the conversion of all outstanding shares of the Series C Preferred Stock; and if at any time the number of authorized
but unissued shares of Company Class A Common Stock shall not be sufficient to effect the conversion of all then outstanding shares
of the Series C Preferred Stock, the Corporation will take such corporate action as may, in the opinion of its counsel, be necessary
to increase its authorized but unissued shares of Company Class A Common Stock to such number of shares as shall be sufficient
for such purpose, including, without limitation, engaging in best efforts to obtain the requisite stockholder approval of any
necessary amendment to the Corporation’s Articles of Incorporation.

 

4.8
Fractional Shares. No fractional share shall be issued upon the conversion of any share or shares of Series C Preferred
Stock. All shares of Common Stock (including fractions thereof) issuable upon conversion of more than one share of Series C Preferred
Stock by a Holder thereof shall be aggregated for purposes of determining whether the conversion would result in the issuance
of any fractional share.

 

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

 

Article
VI Redemption.  The
Series C
Preferred Stock
is not redeemable.

 

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

 

Article
VIII Amendment. This Certificate of Designation or any provision hereof may be amended by obtaining the
affirmative vote at a meeting duly called for such purpose, or written consent without a meeting in accordance with the Nevada
Revised Statutes, of (i) a majority of the outstanding Series C Preferred Stock, voting separate as a single class, and (ii) with
such other stockholder approval, if any, as may then be required pursuant to the Nevada Revised Statutes and the Articles of Incorporation.

 

    	 

    	 

    

 

Article
IX Limitation on Transfer.

 

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

 

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

 

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

 

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

 

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

 

Article
X Protective Provisions.

 

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

 

10.1 alter
or change the rights, preferences or privileges of the Series C Preferred Stock, or increase the authorized number of shares of
Series C Preferred Stock in excess of 270,000 Shares; or

 

10.2 issue
any shares of Series C Preferred Stock to Persons, other than to Option Holders pursuant to the Option Agreement; or create or
authorize the creation of or issue any shares of Preferred Stock or any other security convertible or exercisable for any equity
security having rights, preferences or privileges senior to or on parity with the Series C Preferred Stock.

 

    	 

    	 

    

 

Article
XI Co-Sale Rights.

 

11.1 If
a Holder proposes to sell any shares of its Series C Preferred Stock (the “Selling Holder”) then the Selling Holder
shall promptly give written notice (the “Notice”) to each of the other Holders at least 30 days prior to the closing
of such sale. The Notice shall describe in reasonable detail the proposed sale including, without limitation, the number of shares
of Series C Preferred Stock to be transferred, the nature of such sale, the consideration to be paid, and the name and address
of each prospective purchaser or transferee.

 

11.2 Each
other Holder (the “Participating Holder”) shall have the right, exercisable upon written notice to such Selling Holder
within 15 days of the Notice, to participate in such sale of Series C Preferred Stock on the same terms and conditions. Such notice
shall indicate the number of shares of Series C Preferred Stock such Participating Holder wishes to sell.

 

(a) Each Participating
Holder shall effect its participation in the sale by promptly delivering to such Selling Holder for transfer to the prospective
purchaser one or more certificates, properly endorsed for transfer, which represent the number of shares of Series C Preferred
Stock which such Participating Holder elects to sell.

 

(b) The stock certificate
or certificates that the Participating Holder delivers to such Selling Holder shall be transferred to the prospective purchaser
in consummation of the sale of the Series C Preferred Stock pursuant to the terms and conditions specified in the Notice, and the
Selling Holder shall concurrently therewith remit to such Participating Holder that portion of the sale proceeds to which such
Participating Holder is entitled by reason of its participation in such sale. To the extent that any prospective purchaser or purchasers
prohibits such assignment or otherwise refuses to purchase shares or other securities from a Participating Holder exercising its
rights of co-sale hereunder, such Selling Holder shall not sell to such prospective purchaser or purchasers any Series C Preferred
Stock held by Selling Holder unless and until, simultaneously with such sale, such Selling Holder shall purchase such shares or
other securities from such Participating Holder on the same terms and conditions specified in the Notice.

 

(c) To the extent that
the Participating Holders do not elect to participate in the sale of the Series C Preferred Stock held by such Selling Holder subject
to the Notice, such Selling Holder may enter into an agreement providing for the closing of the sale of such Series C Preferred
Stock within thirty (30) days of such agreement on terms and conditions not materially more favorable to the transferor than those
described in the Notice. Any proposed sale on terms and conditions materially more favorable than those described in the Notice,
as well as any subsequent proposed sale of any of the Series C Preferred Stock by a Selling Holder, shall again be subject to the
co-sale rights of the Participating Holders and shall require compliance by a Selling Holder with the procedures described in this
Section 13.

 

Article
XII Miscellaneous.

 

12.1
Cancellation of Series C Preferred Stock. If any shares of Series C Preferred Stock are converted pursuant to this Certificate
of Designations, the shares so converted or redeemed shall be canceled, shall return to the status of authorized, but unissued
Series C Preferred Stock of no designated series, and shall not be issuable by the Corporation as Series C Preferred Stock.

 

    	 

    	 

    

 

12.2
Lost or Stolen Certificates. Upon receipt by the Corporation of (i) evidence of the lost, theft, destruction or
mutilation of any Series C Preferred Stock Certificate(s) and (ii) (y) in the case of loss, theft or destruction, indemnity (without
any bond or other security) reasonably satisfactory to the Corporation, or (z) in the case of mutilation, the Series C Preferred
Stock Certificate(s) (surrendered for cancellation), the Corporation shall execute and deliver new Series C Preferred Stock Certificate(s)
of like tenor and date. However, the Corporation shall not be obligated to reissue such lost, stolen, destroyed or mutilated Series
C Preferred Stock Certificate(s) if the Holder contemporaneously requests the Corporation to convert such Series C Preferred Stock.

 

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

 

12.4
Information Rights. So long as shares of Series C Preferred Stock are outstanding, the Corporation will deliver to each
Holder of Series C Preferred Stock (i) unaudited annual financial statements to the Holders of Series C Preferred Stock within
90 days after the end of each fiscal year; (ii) and unaudited quarterly financial statements within 45 days of the end of each
fiscal quarter. Notwithstanding the foregoing in the event and to the extent that such information is electronically available
on the web site of the Securities and Exchange Commission (www.sec.gov), the Corporation need not separately furnish such
documents to Holders of the Series C Preferred Stock.

 

Balance of this page intentionally left blank
– signature page follows

 

    	 

    	 

    

 

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

 

The undersigned has executed
this certificate on August     , 2015.

 

	 	BOXLIGHT CORPORATION

	 	 	 
	 	By:	 
	 	Name:	Michael Pope
	 	Title:	President

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