(p) John Bordynuik shall have executed a letter agreement with the Investors with respect to certain stockholder voting matters in form and substance to be mutually agreed upon by the parties thereto;
ARTICLE VI CONDITIONS TO CLOSING
[...]
(j) John Bordynuik shall have tendered his resignation as a member of the Board and as Chief Executive Officer and President and Robin Bagai shall have tendered his resignation as a member of the Board, to be effective immediately upon the filing of the Company’s Quarterly Report on Form 10-Q for the quarter ended March 31, 2012, which is due on May 10, 2012, and such resignations shall have been accepted by the Board;
(k) Kevin Rauber and Matthew Ingham shall have been appointed as members of the Board;
(l) Kevin Rauber shall have been appointed as President;
(m) John Bordynuik shall have been appointed Chief of Technology of the Company;
(n) Kevin Rauber and the Company shall have duly executed an employment agreement in substantively the same form as is set forth in Exhibit B hereto;
(o) John Bordynuik and the Company shall have duly executed an employment agreement in substantively the same form as set forth in Exhibit C hereto;
(p) John Bordynuik shall have executed a letter agreement with the Investors with respect to certain stockholder voting matters in form and substance to be mutually agreed upon by the parties thereto;
(q) The Board shall have adopted a resolution to cause the name of the Company to be amended to “Plastic2Oil” and shall have directed that the proposed amendment be considered at the next annual meeting of the stockholders entitled to vote on the amendment; and
(r) The Company shall have filed with the SEC its Quarterly Report on Form 10-Q for the quarter ended March 31, 2012.
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