FAT Brands (FAT)
CERTIFICATE OF INCREASE
SERIES B CUMULATIVE PREFERRED STOCK
FAT BRANDS INC.
(Pursuant to Section 151 of the General Corporation Law of the State of Delaware)
FAT Brands Inc., a Delaware corporation (the “Corporation”), in accordance with the provisions of Section 151(g) of the General Corporation Law of the State of Delaware (“DGCL”), does hereby certify that:
FIRST: In an Amended and Restated Certificate of Designation of Rights and Preferences of Series B Cumulative Preferred Stock, filed with the Secretary of State of the State Delaware on July 15, 2020 (the “Certificate of Designation”), the Corporation was authorized to issue 850,000 shares of Series B Cumulative Preferred Stock as a series of the Corporation’s preferred stock, par value $0.0001 per share (the “Series B Preferred Stock”).
SECOND: In a Certificate of Increase of Series B Cumulative Preferred Stock filed with the Secretary of State of the State Delaware on December 22, 2020, the Corporation increased its authorized shares of Series B Preferred Stock from 850,000 shares to 1,250,000 shares.
THIRD: Pursuant to the authority conferred upon the Board of Directors of the Corporation by the Amended and Restated Certificate of Incorporation, as amended, of the Corporation (the “Certificate of Incorporation”), the Board of Directors has adopted the following resolutions increasing the number of shares designated as Series B Cumulative Preferred Stock of the Corporation:
RESOLVED, pursuant to authority expressly granted and vested in the Board of Directors under the Certificate of Incorporation and the DGCL, the total number of authorized shares of Preferred Stock that are designated as Series B Cumulative Preferred Stock pursuant to the Certificate of Designation is hereby increased from 1,250,000 shares to 4,900,000 shares; and
RESOLVED FURTHER, that the powers, designations, preferences and relative participating, optional or other special rights, and qualifications, limitations or restrictions of the Series B Preferred Stock in the Certificate of Designation shall remain unchanged as set forth in the Certificate of Designation, subject to the aforementioned increase in the authorized number of shares of Series B Preferred Stock to 4,900,000 shares.
IN WITNESS WHEREOF, the Corporation has caused this Certificate of Increase to be executed by its duly authorized officer on this 9th day of June, 2021.
|FAT BRANDS INC.|
|By:||/s/ Andrew A. Wiederhorn|
|Andrew A. Wiederhorn|
|President and Chief Executive Officer|