Thursday, July 18, 2019 8:52:51 AM
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Amendment to Certificate of Incorporation Immediately Following Reverse Stock Split Increasing Authorized Common Stock and Decreasing Par Value
WHEREAS, after careful review of the Corporation’s options with regard to its capitalization, consideration of the information provided, full disclosure by the Corporation's CEO, discussions with certain shareholders and after lengthy discussions, including without limitation, the benefits of effecting an amendment to the Corporation’s Certificate of Incorporation following the Reverse Stock Split, including but not limited the Corporations future need to raise additional capital, acquire complementary products and technologies, the need to provide for equity based compensation and the limited shares otherwise available for future issuance, the Board of Directors of the Corporation has determined that it is in the best interest of the Corporation and its shareholders to increase the authorized number of common shares available for issuance back to 290,000,000 as well as decreasing the par value of its common stock back to $0.0001.
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