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Re: None

Saturday, 05/28/2016 9:50:40 PM

Saturday, May 28, 2016 9:50:40 PM

Post# of 47873
There are further hints here also

On July 2, 2014, our Board of Directors adopted the 2014 Stock Option Plan (the “2014 Plan”). The 2014 Plan provides for the grant of incentive stock options and non-qualified stock options to employees and affiliates. The exercise price of the options equa1 100% of the fair market value on the date of the grant or 110% of the fair market value for beneficial owners of more than 10% of our stock. Options expire between five and ten years from the date of the option grant and have various vesting periods. Options may be exercised by delivering to the company cash in an amount equal to such aggregate exercise price of the options exercised, or with the consent of the Committee, shares of our common stock having a fair market value equal to such aggregate exercise price, a personal recourse note issued to the company in a principal amount equal to such aggregate exercise price, other acceptable consideration including a cashless exercise/resale procedure, or any combination of the foregoing. A total of 15,000,000 shares were originally reserved for issuance under the 2014 Plan. The 2014 Plan was approved by our stockholders on July 1, 2015 at the 2015 Annual Meeting of Stockholders. The Company has not filed a form S-8 with the SEC with respect to the 2014 Plan or the options or shares of stock issued or issuable thereunder.

http://yahoo.brand.edgar-online.com/displayfilinginfo.aspx?FilingID=11391961-828-211205&type=sect&TabIndex=2&companyid=10539&ppu=%252fdefault.aspx%253fcik%253d1068874

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