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Thursday, November 14, 2013 7:22:10 PM
(E) Security Purchases and Sales
On November 7, 2013, the Company purchased, from Fuse Science, Inc. (OTCBB:DROP) (“Fuse”): (i) a 10% senior secured convertible promissory note in the principal amount of $200,000 to mature 60 days after issuance, and (ii) warrants to purchase 6,666,000 shares of Fuse common stock at an exercise price of $0.06 per share.
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Fuse PR:
Fuse issued and sold 10% senior secured convertible notes in the total amount of $700,000 and warrants to purchase 23,332,00 shares in this financing, with proceeds to be used for specific corporate purposes intended to advance continuing execution of the Fuse business model. In addition to MusclePharm, several other prominent investors participated in the financing.
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