Protagenic Therapeutics Inc. (PTIX)

[10452km2]

2% what a joke...


Class 4 (Interests).
(i) Classification: Class 4 consists of Holders of the Debtor’s Interests.
(ii) Treatment: On the Effective Date, the Holders of Class 4 Interests shall receive,
subject to acceptance of the Plan by the Class 3 General Unsecured Claims, on
account of their Existing Common Stock Interests in the Debtor, 2% of the
Reorganized Debtor Common Stock on the Effective Date, treating the
Reorganized Debtor Convertible Preferred Stock on an as-converted basis without
regard to the 4.9% beneficial ownership blocker and shall be subject to dilution as
a result of the Reorganized Debtor Stock Distribution to Class 2 and Class 3
Creditors under the Plan and as a result of a Business Combination, if any.