The Bexar Texas Certificate of Designation is a legal document that outlines the specific preferences and rights associated with Series B junior cumulative convertible preference stock of Onyx Energy Company. This designation serves as a guideline for the shareholders and potential investors regarding the unique features and characteristics of this particular class of stock. The Bexar Texas Certificate of Designation outlines the following key aspects: 1. Series B Junior Cumulative Convertible Preference Stock: The Series B junior cumulative convertible preference stock refers to a specific class of preferred shares issued by Onyx Energy Company. This class of stock holds certain advantages and privileges compared to common shares, providing unique benefits and priority rights to shareholders. 2. Junior Ranking: The Bexar Texas Certificate of Designation defines the Series B junior cumulative convertible preference stock as having a junior ranking compared to other classes of preferred stock issued by Onyx Energy Company. This means that in the event of liquidation or bankruptcy, holders of senior preferred stock would receive priority over Series B stockholders. 3. Cumulative Dividends: The Series B stockholders are entitled to cumulative dividends. This means that if Onyx Energy Company fails to pay dividends in a given period, the unpaid dividends will accumulate and must be paid before any dividends can be distributed to common stockholders. 4. Convertible Option: The Bexar Texas Certificate of Designation provides Series B stockholders with the right to convert their shares into a predetermined number of common shares at a specified conversion price. This conversion option allows investors to potentially benefit from an increase in the value of Onyx Energy Company's common stock. 5. Preferences and Rights: The Bexar Texas Certificate of Designation also outlines other preferences and rights of the Series B stockholders, including voting rights, liquidation preferences, redemption provisions, and protective provisions. These provisions are designed to protect the interests and enhance the participation of Series B stockholders in important company decisions. There may be different types of Bexar Texas Certificates of Designation associated with the Series B junior cumulative convertible preference stock of Onyx Energy Company, depending on the evolution of the stock and changes in preferences and rights over time. It is essential to refer to the specific certificate and amendments to understand the most up-to-date and accurate information about the designation and rights of the Series B stock.