$MCIG Form 8-K

ITEM 1.01 Entry Into a Material Definitive AgreementOn September 25, 2016, the Company entered into a Cancellation/Return to Treasury Agreement with Paul Rosenberg, the Company’s Chairman and CEO, whereby the Company will purchase into Treasury 5,000,000 shares of Series A Preferred Stock in exchange for $500. The Company has elected to retire these shares. The retirement reduces the fully diluted underlying shares of common stock by 9.3%.

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ITEM 9.01 Financial Statements and Exhibits.Exhibit No. Description10.1 Cancellation/Return to Treasury Agreement