MultiCell Technologies Inc (MCET)

[EnixStorm]

On February 20, 2014, MultiCell Technologies, Inc. (the “Company”) entered into an addendum to the 4.75% convertible debenture, as previously amended (the “Debenture”), by and between the Company and La Jolla Cove Investors, Inc. (“LJCI”) dated February 28, 2007, with a principal amount of $100,000, and the warrant (the “Warrant”) to purchase up to 10 million shares of the Company’s common stock at a strike price of $1.09 per share, held by LJCI. The amendment extends both the maturity date of the Debenture and the expiration date of the Warrant from February 28, 2014 to February 28, 2016.

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