Replies to post #7106 on Ozop Energy Solutions Inc (OZSC)

[Det_Robert_Thorne]

It's in the 8-K and LOI

Can you point out where it says the CEO gets 3 X number of shares???

Yesterday, I put a summary from the LOI of what PCTI President Catherine Chis will receive on the closing in the iBox intro for message board.

Here it is:

On closing of the merger, PCTI President Chis will receive:

47,500 shares of Series C Preferred stock
18,667 Shares of Series D Preferred Stock
500 shares of Series E Preferred Stock
$400,000

Series C Stock:
Voting Rights: Two times the sum of all the number of shares of other classes of Corporation capital stock eligible to vote
Conversion Rights: Each share convertible into one share of the Common Stock
Redemption Rights: None

Series D Stock:
Voting Rights: None
Conversion Rights: Determined by multiplying the number of issued and outstanding shares of common stock of the Company on the date of conversion, by 3.00.
Redemption Rights: None

Series E Stock:
Voting Rights: None
Conversion Rights: None
Redemption Rights: May be redeemed by the corporation for $1,000 per share

https://www.sec.gov/Archives/edgar/data/1679817/000155479520000053/ozsc0227form8kexh10_1.htm