Creative Realities Inc. (CREX)

[The witness II]

MINNEAPOLIS, MN -- (Marketwired) -- 12/23/13 -- Wireless Ronin Technologies, Inc. (OTCQB:RNIN), a leading marketing technologies provider, today announced that it has issued an aggregate of $1,075,000 in unsecured convertible promissory notes, along with warrants to purchase an aggregate of 1,075,000 shares of the company's common stock, in a private placement transaction with certain accredited investors. The notes mature two years after issuance, require the payment of interest at the rate of 4% per year (payable on maturity), and are convertible, at the holder's option, into unregistered shares of the company's common stock at a conversion price of $0.50 per share. The warrants are immediately exercisable, expire three years after issuance, have a cashless exercise feature, and may be exercised to purchase unregistered shares of the company's common stock at an exercise price of $0.75 per share. The company raised net proceeds at closing of approximately $1,025,000, which the company plans to use for general corporate purposes, including working capital.