UNAUDITED PRO FORMA CONDENSED CONSOLIDATED FINANCIAL STATEMENTSMultimedia Platforms Inc. • May 27th, 2015 • Services-prepackaged software
On January 9, 2015, Multimedia Platforms, Inc. (formerly Sports Media Entertainment Corp.) (the “Company”, “Registrant” and “Legal Acquirer”) entered into a Share Exchange Agreement (the “Merger”), between and among the Company and Multimedia Platforms, LLC, a Florida Limited Liability Corporation (“Accounting Acquirer”), all the members of MMP LLC (the "Members"), Harrison Holdings, LLC and Amalfi Coast Capital (collectively, the "Debt Holders"). Pursuant to the Merger, the Registrant was (i) to issue to the Debt Holders a total of 4,000,000 shares of Series B Convertible Preferred stock in exchange for all the indebtedness of the Company totaling approximately $688,138 as of December 31, 2014; issue (ii) 21,320,832 shares of restricted common stock and (iii) 34,390,199 shares of Series A Convertible Preferred stock (collectively, the “Merger Shares”) to the Members in exchange for 100% of the Members interest in MMP LLC. The Merger Shares were adjusted such that 30,748,969 shares of
SECURITIES PURCHASE AGREEMENTSecurities Purchase Agreement • May 27th, 2015 • Multimedia Platforms Inc. • Services-prepackaged software • New York
This Securities Purchase Agreement (“Agreement”) is made as of the date last indicated below on the acceptance page hereof, by and between MULTIMEDIA PLATFORMS, INC., a Nevada corporation having its principal offices at 2929 East Commercial Blvd., Suite PH-D, Fort Lauderdale, Florida 33308 (the “Company”) and Aracle SPF I, LLC or its assigns (“Purchaser”) whose name and address are set forth on the Signature Page to this Agreement.
