The Company shall at all times reserve not less than two million (2,000,000) of the shares necessary to convert the Exchange Notes; provided, however, after a reverse split of its shares by the Company to be effected on or around March 31, 2017, such reserve amount shall equal fifty million (50,000,000) shares of Common Stock of the Company.

The Company covenants that it will at all times reserve and keep available out of its authorized and unissued shares of Common Stock a number of shares of Common Stock at least equal to Two Million (2,000,000) (the “ Reserve Amount ”) for the sole purpose of issuance upon conversion of this Note and payment of interest on this Note, each as herein provided, free from preemptive rights or any other actual contingent purchase rights of persons other than the Holder (and the other holders of the Notes). Following the effective date of a 4-for-1 reverse stock split to be effective on or around March 31, 2017, the reserve amount shall be 50,000,000 shares of Common Stock. The Company covenants that all shares of Common Stock that shall be so issuable shall, upon issue, be duly authorized, validly issued, fully paid and non-assessable.

See this link.

https://www.otcmarkets.com/edgar/GetFilingHtm...D=11922579