World Logistics Services Inc. (fka WLSV)

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The Series A preferred shares will be convertible into common shares after 18 months at the rate of 10 common shares for each preferred share converted and will have super voting rights of 10 votes per share with the common stock. The Series B preferred shares will have similar voting rights but will not be convertible. The Agreement provides that at closing URM will issue 700,000 shares of Series A preferred stock and 500,000 shares of Series B preferred stock to Kevin Brennan, the President and a director of WLS