This excerpt taken from the NDAQ 8-K filed Oct 6, 2009.
Section 1. Number; Designation; Rank.
(a) This series of convertible Preferred Stock is designated as the Series A Convertible Preferred Stock with par value $0.01 per share (the Series A Preferred Stock). The number of shares constituting the Series A Preferred Stock is 2,000,000 shares.
(b) The Series A Preferred Stock ranks, with respect to dividend rights and rights upon liquidation, dissolution or winding up of the Company:
(i) senior in preference and priority to the common stock of the Company, par value $0.01 per share (the Common Stock or the Junior Securities); and
(ii) on parity, without preference and priority, with each other class or series of preferred stock of the Company (collectively, the Parity Securities).
Section 2. Dividends. Commencing on the Shareholder Vote Date, and provided that a mandatory conversion pursuant to Section 5(a) shall not have occurred on such date, and so long as any shares of the Series A Preferred Stock remain outstanding, the Company shall pay to holders of then outstanding shares of Series A Preferred Stock cumulative dividends, accrued with respect to each share of Series A Preferred Stock on the Liquidation Preference on a daily basis and compounded quarterly, at a per annum rate equal to 12%, which shall be accreted to, and increase, the outstanding Liquidation Preference in arrears on the last day of March, June, September and December of each year (each, a Dividend Payment Date), commencing on the first Dividend Payment Date immediately succeeding the Shareholder Vote Date. For the avoidance of doubt, with respect to any provision of this Certificate of Designation that provides for dividends to be paid and/or to cease to accrue upon the occurrence of a specified event, dividends shall accrue through and including the day immediately preceding the day as of which such event occurs.