Netcapital Inc (NCPL)

[trupm007]

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"No warrants, options or other convertible securities are outstanding at March 14, 2014."

The Company’s majority shareholder is also its principal lender. As of January 31, 2014 and April 30, 2013, the Company owed its majority shareholder, under a secured lending agreement, $90,897 and $69,254, respectively. The maximum amount of the loan is $250,000, and the loan is payable on demand. The majority shareholder of the Company owns 295,219,103 shares of common stock, or 59% of the 500,000,000 shares issued and outstanding.