Oakland Michigan Certificate of Designation, Preferences, and Rights of Series A Junior Cumulative Preference Stock is a legal document that outlines the specific characteristics and rights associated with the Series A junior cumulative preference stock of Onyx Energy Company, a company located in Oakland, Michigan. This certificate provides important details for shareholders about their investment, including voting rights, dividends, and liquidation preferences. The Series A junior cumulative preference stock granted by Onyx Energy Company carries certain preferences and rights that distinguish it from other classes of stock. These preferences and rights ensure that the shareholders holding this specific class of stock receive certain benefits and privileges. Some key features and characteristics of the Oakland Michigan Certificate of Designation, Preferences, and Rights of Series A Junior Cumulative Preference Stock may include: 1. Dividend Rights: Shareholders of Series A junior cumulative preference stock entitled to receive a fixed dividend rate before any dividends are paid to holders of common stock. 2. Cumulative Dividends: If the company fails to pay dividends in any year, the missed dividends accumulate and must be paid before any dividends can be distributed to common stockholders. 3. Liquidation Preferences: In the event of liquidation or dissolution, shareholders of Series A junior cumulative preference stock have a specified liquidation preference. They receive a certain amount of the company's assets before the remaining assets are distributed to holders of common stock. 4. Conversion Rights: The certificate may specify whether the Series A junior cumulative preference stock is convertible into another class of stock or securities. 5. Voting Rights: Shareholders holding Series A junior cumulative preference stock may have limited or no voting rights, depending on the provisions outlined in the certificate. It is essential to review the certificate for detailed information about voting power or any special voting rights. 6. Redemption Rights: The certificate might provide the company with the right to redeem the Series A junior cumulative preference stock at a specified price or date. It is important to note that the Oakland Michigan Certificate of Designation, Preferences, and Rights of Series A Junior Cumulative Preference Stock can vary across different companies and industries. Therefore, it is recommended to refer to the specific certificate issued by Onyx Energy Company for the most accurate and up-to-date information regarding this particular class of stock.