Intelligent Highway Solutions, Inc. (fka IHSI)

[Burn Notice88]

The Company was awarded a $5M Equity Line of Credit on August 6, 2015.

The toxic financing to multiple lenders is ending...

http://www.otcmarkets.com/edgar/GetFilingPdf?FilingID=10873879

"On August 6, 2015, the Company entered into line of credit whereby it has the right to sell to the investor up to $5,000,000 of common stock over a period of 24 months. The Company may sell up to $100,000 of common stock, but not less than $5,000, at any time at is sole discretion by issuing a put notice to the investor. The sales price of the stock will be equal to a 30% discount from the average of the lowest two closing bid prices in the preceding five trading days. There is a minimum of ten trading days between put notices. The agreement requires the Company to issue 3% of the total credit line, or $150,000, in common stock with an issue price equal to the average of the daily volume weighted average prices of the Company’s common stock during the five business days immediately preceding the due date of the issuance. "