Signed, sealed and delivered?
Date of Report (Date of earliest event reported): March 22, 2016 (8-K)
7. Conversion or Redemption. The shares of Series B Preferred shall be subject to the following discretionary and mandatory conversion and redemption provisions:
b. Mandatory Conversion Event.
(iii) “Share Exchange or Merger Transaction” means any transaction for which the Company enters into a share exchange agreement or agreement and plan of merger, which agreement is executed within ninety (90) days after the date hereof and pursuant to which the Company thereafter becomes a consolidated company with another entity, and the Company issues equity securities of the Company, even if such issuance would be deemed a Change of Control.
What say you, Doug?