Electronic Cigarettes International Group Ltd fka ECIGQ

[SROCK72]

The Registration Rights Agreement protected Mansour in any public offering, so they would be a registered holder prior to any offering which would enable them to sell their shares within that offering.

Whether the offering goes through or not is not the basis for the 2% liquidated damages though. The liquidated damages would be applied if ECIG didn't file the appropriate registration statement.

I can see where your confusion was though.

I apologize for my tone as I did not realize you were referencing the Registration Rights Agreement that was incorporated in the SPA. I could have saved us allot of time...