Just read the agreement. At a price equal to 90% of 20 day VWAP of company's common stock prior to Feb 5th 2014.
My guess is that the stock pps comes about 0.35. 90% of $0.35 means about $0.30. Number of shares for $6.5 million at pps $0.30 are 21 million shares. Which is about 18% of the current shares. So my guess is there's 18% more shares getting diluted in the next 5 years. It's not bad if there's no further dilution occurs. Just IMO.