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Re: charhorse post# 569

Wednesday, 04/29/2009 9:11:58 AM

Wednesday, April 29, 2009 9:11:58 AM

Post# of 27507
Also from the 8k
Each share of Series A Preferred Stock is convertible at any time, at the option of the holder, into 100 shares of our common stock. Except as otherwise provided by Delaware law, each share of Series A Preferred Stock shall entitle the holder to the number of votes equal to the aggregate number of shares of our common stock into which such holder's Series A Preferred Stock is convertible, multiplied by 30. Holders of our Series A Preferred Stock will vote together with the holders of our common stock, and any other capital stock of our Company having general voting rights, as a single class on all matter submitted to a vote of our stockholders.


If at any time after the common stock issuable upon conversion of the Series A Preferred Stock is changed into the same or a different number of shares of any class or classes of stock, whether by recapitalization, reclassification, reverse split or otherwise, each holder of Series A Preferred Stock has the right, but not the obligation, thereafter, to convert such stock into the kind and amount of stock and other securities and property receivable under such recapitalization, reclassification, reverse split or other change by holders of the maximum number of shares of common stock into which such shares of Series A Preferred Stock could have been converted prior to such recapitalization, reclassification or change.