FTE Networks Inc (fka FTNW)

[cj 13]

ach stockholder’s proportionate ownership of the issued and outstanding shares of our Common Stock would remain the same, however, except for minor changes that may result from the cash payment for fractional shares, as described below under “Action One ? Amendment to the Company’s Articles of Incorporation to Effectuate the Reverse Stock Split ? Treatment of Fractional Shares.” With the exception of adjustments for those stockholders with fractional shares, the Reverse Split will not affect any stockholder’s proportional equity interest in the Company in relation to other stockholders or rights, preferences, privileges or priorities. Outstanding shares of new Common Stock resulting from the Reverse Split will remain fully paid and non-assessable.


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