SunHydrogen Inc (HYSR)

[subslover]

Management evaluated subsequent events as of the date of the financial statements pursuant to ASC Topic 855 and noted the following items:


On April 3, 2014, the Company issued 1,557,604 shares of common stock upon conversion of a convertible note for the principal amount of $32,500, plus accrued interest of $1,300.


On April 16, 2014, the Company issued 2,474,834 shares of common stock upon conversion of a convertible note for the principal amount of $4,000, plus accrued interest of $331.


On April 24, 2014, the Company issued 10,019,569 shares of common stock upon conversion of a convertible note for the principal amount of $16,000, plus accrued interest of $1,534.


On May 9, 2014, the Company received an additional advance in the amount of $20,000 in consideration for issuance of a securities purchase agreement entered into on March 5, 2014, for the sale of a of a 10% convertible promissory note in the aggregate principal amount of up to $100,000. The note is convertible into shares of common stock of the Company at a price equal to a variable conversion price of the lesser of $0.0048 per share or fifty percent (50%) of the lowest trading price after the effective date of each respective advance. The note matures six (6) months from the effective dates of each respective advance.