Spongetech Delivery Systems, Inc. (fka SPNGQ)

[loanranger]

I don't do "drifts". I do language. And there is only one way to interpret the following:

"the affirmative vote of a voting majority of the shares of the Common Stock and of a voting majority of the shares of the Class B Stock, each voting separately as a class."

and that is, that a change to Article IV of the Articles of Incorporation requires:
1. "the affirmative vote of a voting majority of the shares of the Common Stock"
AND
2. "a voting majority of the shares of the Class B Stock"
each voting separately as a class.

Both classes must agree, in separate elections, to authorize a change in Article IV. It's that simple.

The motivation of the parties to include those terms are for your to ruminate on.....I don't care. Whatever it was or whatever you would like to think that it was does not change the language.

If you have an alternate interpretation, please present it.

ps. "I dunno" is NOT an alternative interpretation.