Warrants at .0003 will make $$$ this will go higher for that to happen...
Common Stock Purchase Warrant
On October 28, 2014 (the "Warrant Issuance Date"), the Company issued a warrant to purchase 1,262,500,000 shares of Company common stock (the "Warrant") to the Buyer, in connection with the Buyer's funding of the Note, and pursuant to the Common Stock Purchase Warrant (the "Warrant Agreement").
The Buyer may exercise the Warrant, and receive shares of Company common stock, at an exercise price of $0.0003 per share (the "Exercise Price"), at any time beginning on the Warrant Issuance Date and ending at 6 p.m. (New York time) on the fifth anniversary of the Warrant Issuance Date (the "Warrant Termination Date"). The Exercise Price is subject to adjustment for stock splits, dividends, combinations, subsequent equity sales, and subsequent rights offerings. The Warrant Agreement provides the Buyer with cashless exercise rights.
The Warrant and the rights granted to the Buyer thereunder are transferable if assigned in writing and pursuant to the terms of the Warrant Agreement.
The Company claims an exemption from the registration requirements of the Securities Act, for the private placement of these securities pursuant to Section 4(a)(2) of the Securities Act and/or Regulation D promulgated thereunder because, among other things, the transaction did not involve a public offering, the Buyer is an accredited investor, the Buyer acquired the securities for investment and not resale, and the Company took appropriate measures to restrict the transfer of the securities.
Copies of the Securities Purchase Agreement, the Note and the Warrant Agreement are filed as Exhibits 10.1, 10.2 and 10.3, respectively, to this Current Report on Form 8-K and are incorporated herein by reference. The foregoing summaries of the terms of the Securities Purchase Agreement, the Note and the Warrant Agreement are qualified in their entirety by reference to Exhibits 10.1, 10.2 and 10.3, respectively. http://biz.yahoo.com/e/141031/mhys8-k.html
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