MMRGLOBAL, INC. (OTCMKTS:MMRF) Files An 8-K Unregistered Sales of Equity Securities

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MMRGLOBAL, INC. (OTCMKTS:MMRF) Files An 8-K Unregistered Sales of Equity Securities
Item 3.02    Unregistered Sales of Equity Securities.

The following is a summary of transactions by us since our previous disclosure on our Form 10-K filed with the Securities and Exchange Commission on November 21, 2016 involving sales of our securities that were not registered under the Securities Act of 1933, as amended (the “Securities Act”). Each offer and sale was exempt from registration under either Section 4(2) of the Securities Act or Rule 506 under Regulation D of the Securities Act because (i) the securities were offered and sold only to accredited investors; (ii) there was no general solicitation or general advertising related to the offerings; (iii) each investor was given the opportunity to ask questions and receive answers concerning the terms of and conditions of the offering and to obtain additional information; (iv) the investors represented that they were acquiring the securities for their own account and for investment purposes only without intent to distribute to the public; and (v) the securities were issued with restrictive legends and stop transfer orders preventing their transfer, sale or other disposition without an applicable exemption under the Securities Act:

On December 21, 2016 we granted a total of 990,000 shares of restricted stock to an unrelated third party at a price of $0.02 per share in consideration of a reduction in debt.

On December 21, 2016 we granted a total of 55,758 shares of restricted stock to an unrelated third party at a price of $0.06 per share in consideration of a reduction in debt.

On December 21, 2016 we granted a total of 100,000 shares of restricted stock to an unrelated third party at a price of $0.03 per share in consideration of a reduction in debt.

On December 21, 2016 we granted a total of 92,308 shares of restricted stock to an unrelated third party at a price of $0.03 per share in consideration of a reduction in debt.

On December 21, 2016 we granted a total of 128,000 shares of restricted stock to an unrelated third party at a price of $0.02 per share in consideration of a reduction in debt.

On December 21, 2016 we granted a total of 254,643 shares of restricted stock to an unrelated third party at a price of $0.01 per share in consideration of a reduction in debt.

On December 21, 2016 we granted a total of 225,929 shares of restricted stock to an unrelated third party at a price of $0.01 per share in consideration of a reduction in debt.

On December 21, 2016 we granted a total of 221,571 shares of restricted stock to an unrelated third party at a price of $0.01 per share in consideration of a reduction in debt.

On December 21, 2016 we granted a total of 437,953 shares of restricted stock to an unrelated third party at a price of $0.01 per share in consideration of a reduction in debt.

On January 19, 2017 we granted a total of 330,000 shares of restricted stock to an unrelated third party at a price of $0.02 per share in consideration of a reduction in debt.

On February 10, 2017 we granted a total of 1,320,000 shares of restricted stock to an unrelated third party at a price of $0.01 per share in consideration of a reduction in debt.

Company, a warrant to acquire 1,000,000 shares of common stock in consideration for services as a Director. The warrant has an exercise price of $0.02 per share, with an expiration date of May 13, 2022, and is immediately vested at the date of grant.

On February 23, 2017, we granted Bernard Stolar, a member of our Board of Directors and Acting Chief Financial Officer of the Company, a warrant to acquire 5,000,000 shares of common stock in consideration for services as Acting CFO. The warrant has an exercise price of $0.005 per share, with an expiration date of December 20, 2022, and is immediately vested at the date of grant.

On February 23, 2017, we granted Bernard Stolar, a member of our Board of Directors and Acting Chief Financial Officer of the Company, a warrant to acquire 3,000,000 shares of common stock in consideration for services as a Member of the Board of Directors and a Special Consultant to the Company. The warrant has an exercise price of $0.005 per share, with an expiration date of December 20, 2022, and is immediately vested at the date of grant.

On February 23, 2016, we granted Scott Kline a warrant to acquire 5,000,000 shares of common stock in partial consideration of legal services. The warrant has an exercise price of $0.005 per share, with an expiration date of December 2021, and is immediately vested at the date of grant.

On February 23, 2017, we granted Scott Kline a member of our Board of Directors, a warrant to acquire 3,000,000 shares of common stock in consideration for services as a as a Member of the Board of Directors The warrant has an exercise price of $0.005 per share, with an expiration date of December 20, 2022, and is immediately vested at the date of grant.

On February 23, 2017, The RHL Group, Inc., an entity affiliated with our Chairman & CEO Robert H. Lorsch, elected to purchase 80,000,000 shares of common stock at a price of $0.005 per share in consideration of partial waiver of principal amount under the Eleventh Amended Note.

All securities granted or sold under these agreements are unregistered, non-transferrable and non-saleable, and may only be resold or transferred if they later become registered or fall under an exemption to the Securities Act and applicable state laws.


About MMRGLOBAL, INC. (OTCMKTS:MMRF)

MMRGlobal, Inc. (MMR) is engaged in offering a suite of online products, which enable consumers and professionals to manage medical records and various other documents in their life and business, whether paper-based or digital. The Company’s online products include MyMedicalRecords.com, which an online personal health record (PHR) system for the entire family, including pets; MyEsafeDepositBox, which is an online secure document storage system; MyMedicalRecordsMD (MMRPro), which is an integrated scanning and Web-based document management solution for healthcare professionals, and private-label PHR and MyEsafeDepositBox storage solutions. It offers online storage and document management solutions for personal health records and other documents, such as insurance policies, deeds, driver’s license, identification document (ID), passports, estate planning documents, advance directives, photos, as well as legal and travel documents and others.

MMRGLOBAL, INC. (OTCMKTS:MMRF) Recent Trading Information

MMRGLOBAL, INC. (OTCMKTS:MMRF) closed its last trading session up +0.00070 at 0.00500 with 60,000 shares trading hands.