Kings New York Amendment of Restated Certificate of Incorporation is a legal document filed by Kings New York, a company incorporated in the state of New York, to modify the terms and conditions related to the dividend rate on its $10.50 cumulative second preferred convertible stock. In this amendment, Kings New York seeks to revise the existing dividend rate on its $10.50 cumulative second preferred convertible stock, which is a preferred stock that entitles its holders to receive a fixed dividend payment before any dividends are paid to common stockholders. The purpose of this amendment is to make changes in the rate at which these dividends are paid to the holders of the $10.50 cumulative second preferred convertible stock. By filing this amendment, Kings New York indicates its intention to adjust the dividend rate to better align with its financial goals and market conditions. The amendment will outline the new dividend rate, which is likely to be expressed as a percentage or a fixed amount per share. It is important to note that there may be different types or variations of this specific amendment relating to the dividend rate on the $10.50 cumulative second preferred convertible stock. These variations could include amendments that propose to increase or decrease the dividend rate, or even amendments that seek to eliminate or replace the $10.50 cumulative second preferred convertible stock altogether. Each specific amendment will have a unique name or identifier to distinguish it from others. For example, if a certain amendment proposes to increase the dividend rate, it could be named "Kings New York Amendment of Restated Certificate of Incorporation to Increase Dividend Rate on $10.50 Cumulative Second Preferred Convertible Stock." Similarly, if an amendment seeks to replace the stock with a new preferred stock, it may be named "Kings New York Amendment of Restated Certificate of Incorporation to Replace $10.50 Cumulative Second Preferred Convertible Stock." In conclusion, Kings New York Amendment of Restated Certificate of Incorporation is a legally binding document that outlines the changes made to the dividend rate on the $10.50 cumulative second preferred convertible stock. Different variations of this amendment may exist to address specific modifications concerning the dividend rate or even the replacement of the stock itself.