Now, $RMHB also seeks to assert claims against Mr. Meadows for usury and defamation. The Amended Complaint, which was attached to the Company’s Motion for Leave, generally alleges that The Exchange Agreement and Notes violate the usury laws of the State of Florida and seeks forfeiture of the right to collect any interest, forfeiture of right to collect the debt, forfeiture of double the interest paid by Plaintiff to Defendant, and the return to Plaintiff of any amounts paid, including but not limited to the cancellation and/or rescission of any and all warrants and other equity issued to Defendant as part of any debt-to-equity swap under the Exchange Agreement or otherwise as consideration for the Notes.
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