L-1B validity and I140 applied


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My husband's L1B and i94 has validity till March, 2018 but his i129s is valid only until April, 2016. I'm currently on L2 as a dependent of him and I have my L2, EAD both valid till March 2018. For both of us GC labor approved and I140 applied. couple of questions I have


1. Can we continue our stay in US after his i129S expires because his visa and I94 has validity till 2018? 

2. If no, is there any other grace period we get as our PERM approved and I140 is applied?

3. Can we apply for H1B in 2016 Quota? 


Please help with some information. 

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