Here you go Real... this is from Law Insider (legal and contract database)on the Hydrophi/Pro Star merger... Article 7.1 subsection k. Conditions to obligations of buyer and seller. looks like the preferred stock he could have picked up was in the 14+ million share range based on the outstanding shares at the time.
Series A Preferred Stock – Class 1. Roger Slotkin will have received a fully executed stock certificate representing 1,000,000 shares of preferred stock of the Series A Preferred Stock – Class 1 entitling him to acquire 4% of the fully diluted common stock of Buyer on the sixth month anniversary of the Closing and copy of the filed Certificate of Designations for the Series A Preferred Stock, Class 1 and Class 2.
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