DNAprint Genomics (DNAG)

[Teamlasvegas]

DougS
Private Placement - Summary Offering Terms

1.)Securities - Units Consisting Of Preferred Shares and Warrants, $10,000 per unit
2.) Preferred Shares - $5 Stated Value ( 2,000 Preferred Shares per Unit) convertible into shares of Common Stock.
3.) Downside Price Protection - The Preferred Shares may be converted at any time into Common Stock at the Conversion Price
4.)Conversion Price - The Conversion Price will equal 85% of the average stock price for a 20 - day period preceding the date of calculation. ........
5.) Reset Dates - To protect investors from down side price movement, the conversion price will be recalculated semi - annually based on the market price of the common stock. At no time will the conversion price increase above $0.061 per share. There will be a total of six reset calculations.
6.) Dividends - 4%, payable in kind
7.) Warrants - For each unit, the right to purchase 32,895 sharesat an exercise price of 125%of the initial Conversion Price...for five years.
8.) registretion Rights - Holders of the Units will be entitled to "Piggyback" registration rights.

Later, The Team.