Wednesday, May 31, 2017 3:19:21 PM
Under the Plan, the Board is authorized to sell or award up to 1,500,000,000 shares and/or options of Common Stock; provided, however , if the outstanding Common Stock shall be hereafter increased or decreased, or changed into or exchanged for a different number or kind of shares or other securities of the Company or of another corporation, by reason of a recapitalization, reclassification, reorganization, merger, consolidation, share exchange, or other business combination in which the Company is the surviving parent corporation, stock split-up, combination of shares, or dividend or other distribution payable in capital stock or rights to acquire capital stock, appropriate adjustment shall be made by the Board in the number and kind of shares which may be granted under the Plan. For example , in the event the Company effectuates a 1-for-10 reverse split, the number of Shares that are authorized by and may be sold under the Plan shall be 150,000,000.
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