BLGI, INC. - FORM 10-K - EX-4 - DESCRIPTION OF REGISTRANT'S SECURITIES - June 30, 2020

Attached files

file filename
EX-31 - CERTIFICATION OF CEO PURSUANT TO RULE 13A-14(A)/15D-14(A) - BLGI, INC.ex_31-1.htm
10-K - FORM 10-K ANNUAL REPORT FOR 04-30-2019 - BLGI, INC.form_10-k.htm
EX-32 - CERTIFICATION OF CFO PURSUANT TO 18 U.S.C. SECTION 1350 - BLGI, INC.ex_32-2.htm
EX-32 - CERTIFICATION OF CEO PURSUANT TO 18 U.S.C. SECTION 1350 - BLGI, INC.ex_32-1.htm
EX-31 - CERTIFICATION OF CFO PURSUANT TO RULE 13A-14(A)/15D-14(A) - BLGI, INC.ex_31-2.htm
EX-21 - SUBSIDIARIES OF THE REGISTRANT - BLGI, INC.ex_21-1.htm

EXHIBIT 4.10


DESCRIPTION OF SECURITIES

REGISTERED PURSUANT TO SECTION 12 OF THE

SECURITIES EXCHANGE ACT OF 1934


As of April 30, 2019, Black Cactus Global, Inc.. (the “Company,” “we,” “us” or “our”) has one class of securities registered under Section 12 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”): our common stock, par value $0.0001 per share (the “Common Stock).

 

Common Stock


The authorized Common Stock is four hundred ninety million (490,000,000) shares with a par value of $0.0001. Shares of our Common Stock:


 

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have equal ratable rights to dividends from funds legally available if and when declared by our Board of Directors;

 

 

 

 

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are entitled to share ratably in all of our assets available for distribution to holders of Common Stock upon liquidation, dissolution or winding up of our affairs;

 

 

 

 

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do not have preemptive, subscription or conversion rights and there are no redemption or sinking fund provisions or rights; and

 

 

 

 

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are entitled to one non-cumulative vote per share on all matters on which stockholders may vote.


We refer you to our Bylaws, our Articles of Incorporation, and the applicable statutes of the State of Florida for a more complete description of the rights and liabilities of holders of our securities.


Non-Cumulative Voting


Holders of shares of our Common Stock do not have cumulative voting rights, which means that the holders of more than 50% of the outstanding shares, voting for the election of directors, can elect all of the directors to be elected, if they so choose, and, in that event, the holders of the remaining shares will not be able to elect any of our directors. After this offering is completed, present stockholders will own approximately 75% of our outstanding shares.


Cash Dividends


As of the date of this Prospectus, we have not declared or paid any cash dividends to stockholders. The declaration of any future cash dividend will be at the discretion of our Board of Directors and will depend upon our earnings, if any, our capital requirements and financial position, our general economic conditions, and other pertinent conditions. It is our present intention not to pay any cash dividends in the foreseeable future, but rather to reinvest earnings, if any, in our business operations.


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