THE SPENDSMART PAYMENTS COMPANYSubscription Agreement • April 25th, 2014 • SpendSmart Payments Co • Retail-retail stores, nec
This offering resulted in net proceeds to us of approximately $2,732,002. The placement agent, a FINRA registered broker-dealer, in connection with the financing received warrants to purchase up to 452,440 shares of common stock at an exercise price of $1.27 per share as compensation. The Series C Preferred Stock and the Warrants were offered and sold without registration under the Securities Act of 1933, as amended (the “Securities Act”) in reliance on the exemptions provided by Section 4(2) of the Securities Act and Regulation D promulgated thereunder.
