Replies to post #6649 on HydroPhi Technologies Group Inc. (fka HPTG)

[beer$$money]

Well then these 2 "accredited dumbasks" got really scammed by this dead horse?

Item 1.01

Entry into a Material Definitive Agreement.




Hydrophi Technologies Group, Inc. (the “Company”) entered into three securities purchase agreements (the “Purchase Agreements”) with two separate accredited investors (the “Investors”), on August 14, 2015, August 18, 2015 (collectively, the “August Purchase Agreements”), and September 30, 2015 (the “September Purchase Agreement”, together with the August Purchase Agreements, the “Purchase Agreements”). Pursuant to the August Purchase Agreements, the Investors each purchased separately from the Company convertible notes in the aggregate principle amount of $205,555.56 (the “August Notes”), for the cash purchase amount of $185,000.00. Pursuant to the September Purchase Agreement, one of the Investors purchased an additional convertible note from the Company in the aggregate principle amount of $28,888.89 (the “September Note”, together with the August Notes, the “Notes”), for a cash purchase amount of $26,000. The Notes will mature, one year after their making, in August 2016 and September 2016, respectively, and each bears interest at 8% per annum.