Shareholder Approval by MBS. This Agreement has been submitted to the shareholders of MBS as provided for in accordance with the Nevada Revised Statutes and has been adopted by receiving the affirmative vote of the holders of a majority of the common stock of MBS. As for Global, it has been determined by the Board of Directors in accordance with the NRS that shareholder approval is not necessary for Global to approve the acquisition of MBS. As this Agreement has been so approved and adopted, Global and MBS shall immediately proceed to effectuate the acquisition of MBS by Global.
