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Sunday, January 19, 2014 6:21:20 PM
Right gdtk shareholders could not trade because of suspension, but they did not go bankrupt. Therefore when kget bought gdtk, the shareholders could exchange their shares.
Section 1.1 Exchanged Shares. Subject to the terms and conditions herein stated, GDT shareholders agree at the Closing to exchange with full title guarantee, transfer, assign and deliver to KET its shares of GDT, and KET agrees to issue its shares free and clear of any and all liens to acquire from the GDT Shareholders, the Shares of GDT.
Section 1.2 Consideration . In consideration for its acquisition of the Shares, of GDT; KET agrees at the Closing to issue and deliver an aggregate of seventeen (17) shares of KET common stock for one (1) share of GDT common stock issued to GDT Shareholders. KET will also issue one share of Preferred Series A, B, C and D shares as per the Certificate of Designation for one share of corresponding Preferred Shares of GDT for each of the GDT Preferred stockholders.
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