Posted On: 11/24/2015 1:58:36 PM
Post# of 4425
Beautiful settlement agreement with former TDEY management. Linduff is playing serious here!!!
"WHEREAS, Vakser has been a Director of the Company, and the sole owner of that certain stock certificate representing the Super K Class, non convertible, 69% super voting preferred stock of the Company, a copy of which certificate is attached hereto as Exhibit A (the “Series K Stock”); and WHEREAS, on or about September 3, 2015, Vakser agreed to resign his position as a Director of the Company, to effect the resignations of the other then-serving officers and directors of the Company, and to surrender the Series K Stock to the Company and certain other securities held by Vakser, all in exchange for the Company’s issuance to Vakser of certain shares of preferred stock of a new class (the “New Preferred Stock”), with the rights and privileges shown on the certificate of designations for the said preferred stock, a copy of which is attached hereto as Exhibit B (the “Certificate of Designations”), and for certain other consideration as described hereinafter. The parties acknowledge and affirm the execution of that certain Unanimous Written Consent of the Board of Directors of 3D Entertainment Holdings, Inc., in Lieu of Meeting of the Board of Directors, dated September 3, 2015, pursuant to which these actions were agreed upon"
http://www.otcmarkets.com/financialReportView...;id=147801
"WHEREAS, Vakser has been a Director of the Company, and the sole owner of that certain stock certificate representing the Super K Class, non convertible, 69% super voting preferred stock of the Company, a copy of which certificate is attached hereto as Exhibit A (the “Series K Stock”); and WHEREAS, on or about September 3, 2015, Vakser agreed to resign his position as a Director of the Company, to effect the resignations of the other then-serving officers and directors of the Company, and to surrender the Series K Stock to the Company and certain other securities held by Vakser, all in exchange for the Company’s issuance to Vakser of certain shares of preferred stock of a new class (the “New Preferred Stock”), with the rights and privileges shown on the certificate of designations for the said preferred stock, a copy of which is attached hereto as Exhibit B (the “Certificate of Designations”), and for certain other consideration as described hereinafter. The parties acknowledge and affirm the execution of that certain Unanimous Written Consent of the Board of Directors of 3D Entertainment Holdings, Inc., in Lieu of Meeting of the Board of Directors, dated September 3, 2015, pursuant to which these actions were agreed upon"
http://www.otcmarkets.com/financialReportView...;id=147801
Quote:
Super K Gone 900 million common gone....20 million preferred remain.
$ORTC
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