The
waivers contained in the Agreement were related to an increase in the shares issuable under Successor’s 2015 Stock Option
Plan, a waiver of the right to participate in additional offerings by Successor, and allowing up to 20,000,000 shares of Successor’s
common stock to be issued pursuant to a private or public offering at a price of not less than $0.30 per share. As consideration
for the terms contained in the Agreement, as well as for a fee of $0.0001 per share.
|