Pursuant to the terms of the Settlement Agreement approved by the Order, on December 2, 2013, the Company issued and delivered to MGP, as Hanover’s designee, 175,000 shares (adjusted to give effect to a 1 for 10 reverse stock split effective March 6, 2014) (the “Initial Settlement Shares”) of the Company’s common stock, $0.01 par value (the “Common Stock”).
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