Life Clips Inc (fka LCLP)

[TraderThew]

The acquisition agreement stated that shares would be issued as milestones were met. When they issued warrants to purchase common stock at 0.10 and issued preferred stock as well, they stated pursuant to the Acquisition agreement. Regardless of whether those were incentive shares or not, the warrants are at 0.10, and those were issued to those shareholders at the time of the agreement, and would not be issued to the average holder of the common stock. Hope that helps. Look at the acquisition agreement, and the last couple filings.