TONER SYSTEMS INTERNATIONAL INC
10SB12G, EX-99.4, 2000-06-08
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EXHIBIT 99.4

Preferred  Stock:  The Company has  authorized  10,000,000  shares of  preferred
stock,  par value $.001 per share. As of June 5, 2000 the Company has not issued
any Preferred  Shares nor have any Preferred  Stock  Certificates  been printed.
Each Preferred  Share shall be entitled of one vote in shareholder  meetings and
cumulative  voting is denied  unless  shares are  specifically  issued with such
privilege.  Each  Preferred  Series,  and there can be many as determined by the
Board of Directors,  shall bear  description  of the rights and  privileges  and
restrictions  designated  on  each  certificate  for  each  series  as  set  and
established by the Board of Directors. If the Company does issue Preferred Stock
the  preferences,  qualifications,  limitations,  restrictions  and  special  or
relative  rights will be contained in  Resolutions  of the Board of Directors of
the Company establishing each such series. A copy of these provisions respecting
the authorized  capital stock of the Company will be furnished without charge to
any  stockholder  upon request to the secretary of the Company at its designated
office.


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