InvestorsHub Logo
Followers 31
Posts 9570
Boards Moderated 0
Alias Born 09/25/2016

Re: Tadaaa post# 55433

Monday, 07/09/2018 11:12:19 PM

Monday, July 09, 2018 11:12:19 PM

Post# of 60952
This is more important as far as the conversions and “covering all convertible debt of the parent”

https://www.sec.gov/Archives/edgar/data/1414043/000165495418007257/exhibit_10-2.htm

2.2 Fan Pass Share Issuance. Prior to the Spin-Off Date, Parent will take, or cause to be taken, all actions necessary to issue to Parent such number of shares of Common Stock, including, if applicable, by reclassifying the outstanding shares of Common Stock (the “Share Issuance”), for the purpose of increasing the outstanding shares of Common Stock such that, immediately prior to the Spin-Off Date, Fan Pass will have not less than an aggregate number of outstanding shares of Common Stock that is equal to one share of Common Stock for each share of Parent Common Stock issued and outstanding on the Record Date as well as sufficient shares of Common Stock for all conversions envisioned under the Surrender and Exchange Agreements concurrently executed which covers all convertible debt of Parent and all issued and outstanding shares of Series A Preferred Stock (collectively, the “Conversions”).