CERTIFICATE OF DESIGNATIONS, PREFERENCES,
AND RIGHTS OF SERIES C CONVERTIBLE PREFERRED STOCK
OF GLOBAL CASINOS, INC.
Pursuant to the
General Corporation Law of the State of Utah
GLOBAL CASINOS, INC., a corporation organized and existing under the laws of the State of Utah (the
"Company"), DOES HEREBY CERTIFY that pursuant to the authority contained in Article IV of its Articles of
Incorporation, and in accordance with the provisions of the General Corporation Law of the State of Utah, the
Company's Board of Directors has duly adopted the following resolution creating a series of the class of its
authorized Preferred Stock, designated as Series C Convertible Preferred Stock:
Whereas, by virtue of Article IV of its Articles of Incorporation, the Company has the authority to issue ten
million (10,000,000) shares of Preferred Stock of the par value of $0.01 per share, the designation and amount
thereof and series, together with the powers, preferences, rights, qualifications, limitations or restrictions thereof,
to be determined by the Board of Directors pursuant to the applicable law of the State of Utah;
Now therefore, the Company's Board of Directors hereby establishes a series of the class of Preferred Stock
authorized to be issued by the Company as above stated, with the designations and amounts thereof, together
with the voting powers, preferences and relative, participating, optional and other special rights of the shares of
each such series, and the qualifications, limitations or restrictions thereof, to be as follows:
1. Designations and Amounts. Six hundred thousand (600,000) shares of the Company's authorized Preferred
Stock are designated as Series C Convertible Preferred Stock, having a face value of $1.20 per share.
For the purposes of this Resolution the following definitions shall apply:
(a) "Board" shall mean the Board of Directors of the Company.
(b) "Company" shall mean Global Casinos, Inc., a Utah corporation formed on June 8, 197