Social Life Network, Inc. (OTCMKTS:WDLF) Files An 8-K Material Modification to Rights of Security HoldersItem 3.03. Material Modifications to Rights of Security Holders
Background
On December 19, 2017, we filed a Certificate of Amendment to our Articles of Incorporation with the Secretary of State of the State of Nevada regarding changes in our capital structure providing that our total authorized shares were increased to seven hundred million (700,000,000), $0.001 par value, comprised of:
| · | 500,000,000 Common Shares |
| · | 100,000,000 Preferred Shares |
| · | 100,000,000 Class B Common Shares |
to the December 19, 2017 Certificate of Amendment, we are authorized, by a Board of Director resolution, to provide, out of unissued shares of Class B Common Shares, a series of Class B Common Shares and, with respect to each such series, to fix the number of shares constituting such series, and the designation of such series, the voting and other powers (if any) of the shares of such series, and the preferences and relative, participating, optional or other special rights and any qualifications, limitations or restrictions thereof, of the shares of such series.
Certificate of Designation of Preferences, Rights and Limitations of Class B Common Stock
On July 3, 2018, our Board of Directors adopted the Certificate of Designation of Preferences, Rights and Limitations of the Class B Common Stock (“Certificate”), including that each Class B Common Stock Share shall have ten (10) votes on all matters presented to be voted by the holders of Common Stock. Further, the Board authorized the issuance of 5,000,000 Class B Common Stock Shares to Ken Tapp, our Chief Executive Officer, in return for his service as our Chief Executive Officer from February 1, 2016 to July 2, 2018. The Class B Common Stock Shares only have voting power and have no equity, cash value or any other value.
We filed the Certificate with the Nevada Secretary of State on July 30, 2018, which is attached hereto as Exhibit 4.
ITEM 9.01. Financial Statements and Exhibits
(a) Exhibits. The following exhibit is filed with this Current Report on Form 8-K:
Social Life Network, Inc. ExhibitEX-4 2 f8k121917ex4_sociallife.htm CERTIFICATE OF DESIGNATION OF PREFERENCES,…To view the full exhibit click here
About Social Life Network, Inc. (OTCMKTS:WDLF)
Social Life Network, Inc. is a technology company. The Company has a network of Websites and applications built on social network platforms. The Company allows business professionals to search, find, share and connect with other business professionals, consumers and their own customers, through a combination use of its free memberships and recurring monthly paid premium subscriptions. It provides industry professionals with go-to social networks and integrated digital marketing tools.
