BioRestorative Therapies Inc (BRTX)

[srm4u]

(ii) Auctus’ DIP Obligation has been exchanged for the following:

(a) a Secured Convertible Note in the principal amount of approximately $1,349,591 (110% of the DIP Obligation);

(b) a Class A Warrant to purchase 2,453,802,480 shares of Common Stock; and

(c) a Class B Warrant to purchase 1,226,901,240 shares of Common Stock (as to which 84,344,369 shares of Common Stock have been exercised on a net exercise basis, pursuant to the terms of the Class B Warrant, with respect to the issuance of 81,796,200 shares of Common Stock).

In addition, Auctus shall be entitled to receive a Secured Convertible Note, a Class A Warrant and a Class B Warrant in exchange for its allowed DIP Costs and allowed Plan costs in a manner in which the DIP Obligation was treated.

https://www.sec.gov/Archives/edgar/data/1505497/000102177120000081/form8kdtd111620.htm