Replies to post #4140 on Medient Studios Inc. (fka MDNT)

[emailjanum]

As discussed above, on August 16, 2013, the registrant and TCA Global Credit Master Fund, LP entered into the credit agreement, which provides for a revolving credit facility in the maximum principal amount of U.S. $5,000,000. Pursuant to the note, TCA has the right to convert all or any portion of the outstanding amounts due into common stock of the registrant, par value $0.001, at a price equal to the amount being converted divided by 85% of the lowest daily volume weighted average price of the registrant’s stock during the five business days immediately prior to the conversion date. TCA cannot convert more than 4.99% of the outstanding shares of the registrant at the time of conversion. These shares are exempt from registration under Section 4(a)(2) of the Securities Act, as TCA is a sophisticated investor, has access to the type of information normally provided in a prospectus for a registered securities offering and has agreed not to resell or distribute the securities to the public.