WHEREAS, prior to the closing of the transactions contemplated hereby, Remaro shall have obtained shareholder approval to amend its Articles of Incorporation (the “Amendment”) to (a) increase its authorized capital stock to 210,000,000 shares of which 200,000,000 will be designated Remaro Common Stock and 10,000,000 will be designated “blank check” preferred stock (“Authorized Increase”), (b) effect to a forward-split such that three (3) shares of Remaro Common Stock will be issued for every one (1) share of Remaro Common Stock issued and outstanding immediately prior to filing of the amendment (the “Forward Split”), and (c) change its name to Boomer Holdings Inc. (the “Name Change”).
