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Re: rmuncast post# 7436

Saturday, 08/19/2017 6:20:35 PM

Saturday, August 19, 2017 6:20:35 PM

Post# of 82142
"Settlement of Dugan Warrants and Romano Warrants. The Dugan Warrants and the Romano Warrants that are issued and outstanding at the Effective Time, shall automatically be cancelled and extinguished and converted, without any action on the part of the holders thereof, into into a total of twenty three thousand six hundred forty nine (23,649) EXOL Preferred B Acquisition Shares, of which eleven thousand nine hundred sixty four (11,964) shall be issued to Dugan and eleven thousand six hundred eighty five (11,685) shall be issued to Romano. All such Dugan Warrants and Romano Warrants, when so converted, shall no longer be outstanding and shall automatically be cancelled and retired and shall cease to exist, and each holder of a certificate representing any such warrants, if any, shall cease to have any rights with respect thereto, except the right to receive the EXOL Preferred B Acquisition Shares exchanged in consideration therefor upon the surrender of such certificate in accordance with this Agreement."

This would calculate out to roughly 3% of new company I think.
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