Designation. There is hereby designated a series of Preferred Stock denominated as “Series B Preferred Stock,” consisting of 5,000,000 shares, $.001 par value per share, having the powers, preferences, rights and limitations set forth below.

Of the 15,000,000 shares of Preferred Stock, par value $.001 per share, authorized pursuant to the Articles of Incorporation, as amended, 5,000,000 of such shares are hereby designated as “Series B Preferred Stock.” The powers, designations, preferences, rights, privileges, qualifications, limitations and restrictions applicable to the Series B Preferred Stock are as follows: