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PRVT » Topics » Effect of Shareholder Approval of Proposal No. 2

This excerpt taken from the PRVT DEF 14A filed Nov 3, 2009.

Effect of Shareholder Approval of Proposal No. 2

If the shareholders approve Proposal No.2, and more than 2,189,789 Earnout Shares are earned under the terms of the acquisition agreement, then the Company will be able to issue these additional shares in compliance with NASDAQ Marketplace Rule 5635 in lieu of cash.

 

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