Electronic Cigarettes International Group Ltd fka ECIGQ

[SweepsMcGee]

The answer to your question lies in article 2.03 of the 8-K as it relates to each of the two agreements:

"2.03 Issuance of Shares . Subject to the Warrant Shares needing to be authorized by the approval and implementation of the reverse stock split and the amendment to the Company’s Articles of Incorporation as set forth in the Proxy Statement of the Company dated January 27, 2015, when the Warrant Shares are issued in accordance with the terms of the Warrants, the Warrant Shares shall be validly issued and outstanding, fully-paid, non-assessable and free any clear of all liens, of any pre-emptive rights and rights of refusal of any kind."