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Re: None

Monday, 12/11/2017 9:09:09 AM

Monday, December 11, 2017 9:09:09 AM

Post# of 727407
So there you have it:

The material terms of the Amendment are as follows:

The Mandatory Redemption Date of the Series B Preferred Stock shall be October 5, 2019, subject to a six-month extension under certain circumstances (rather than January 5, 2018);
The Conversion Price shall be fixed at $1.35 per share of Common Stock (rather than a floating conversion price of $1.75 to $2.25 per share);
Holders of Series B Preferred Stock shall be entitled to receive, when, as, and if declared by the Board of Directors of the Company a semi-annual 5.00% Common Stock dividend following the Amendment Effective Date (rather than a quarterly 3.00% cash dividend); and
A special distribution of 19.04762 shares of Common Stock per share of Series B Preferred Stock as a result of the consummation of an Acquisition or Qualified Acquisition, as the case may be.
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