The North Carolina Form of Certificate of Designations, Preferences and Rights of Series C Convertible Preferred Stock is a legal document that outlines the specific features, rights, and preferences of the Series C Convertible Preferred Stock being issued by a company incorporated in North Carolina. This certificate is a vital component of the company's capital structure and provides valuable information for investors and shareholders. The Series C Convertible Preferred Stock is a type of security that combines features of both debt and equity. It grants the holder certain rights and preferences, including priority in the distribution of dividends and the determination of liquidation preferences. Moreover, the Series C Preferred Stock can be converted into a predetermined number of common shares, allowing investors to participate in the potential growth of the company. This form of certificate of designations ensures the clarity and transparency of the terms and conditions associated with the issuance of the Series C Convertible Preferred Stock. It includes keywords such as "designations," "preferences," "rights," "convertible preferred stock," and "Certificate of Designations." It is important to note that there might be different types or series of Preferred Stock (e.g., Series A, Series B, etc.) issued by a company. Each series of preferred stock may have its own distinct terms and conditions outlined in separate certificates of designations. These certificates are essential for distinguishing between various series of preferred stock and facilitating the understanding of their respective rights, preferences, and conversion features. In conclusion, the North Carolina Form of Certificate of Designations, Preferences and Rights of Series C Convertible Preferred Stock is a significant legal document that elucidates the specific details and provisions related to the issuance of Series C Preferred Stock by an entity incorporated in North Carolina. It enables investors, shareholders, and other interested parties to comprehend the terms, preferences, and conversion rights associated with this particular class of preferred stock.