Tauriga Sciences Inc (fka TAUG)

[Blackcat7717]

I have simplified for all the 5 Million dollar agreement with Magna.

The $5,000,000 stock purchase agreement with MAGNA is very similar to a "shelf registration." That means that the price is purely based on market conditions in 5 months. (For example)Seth can coordinate with his institutional contacts if they want to buy a block at 15 cents (e.g.)from these pool of "shelf registered" shares and Tauriga gets the proceeds minus 10% commission to Hanover (the MAGNA affiliate fund). This is absolutely a safety net and not obligatory. This financing instrument might be used at 7 cents or maybe at 70 cents. It all depends on market conditions. It's protects us by providing the Company with another way of securing funding, over the next 36 months, if private placements become difficult to close for a period of time.

BUT THERE ARE NO OPTIONS OR COMMITMENTS AT 5.5 CENTS OR ANY OTHER PRICE WITH RESPECT TO THIS $5,000,000.

Blackcat
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