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-Q filed with the Securities and Exchange Commission
on November 14, 2013 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 October 16, 2015, we granted a total of 10,000,000 shares of restricted common stock to an unrelated third-party, at a price of $0.0032 per
share.
On October 19, 2015, we granted a total of 30,000,000 shares of restricted stock to Spanky LLC owned by David Loftus, an affiliate of the Company,
at a price of $0.0038 in consideration of a reduction in payables.
On October 22, 2015, we granted a total of 6,842,105 shares of restricted stock to an unrelated third party at a price of $0.0038 in consideration of a reduction
in payables.
On October 22, 2015, The RHL Group, Inc.,an entity affiliated with our Chairman & CEO Robert H. Lorsch elected to purchase 46,000,000 shares of common stock
at market price in consideration for a reduction in amounts due of $174,800.00.
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.
Signatures
Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this
report to be signed on its behalf by the undersigned hereunto duly authorized.
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MMRGLOBAL, INC.
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October 28, 2015 |
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By: /s/ Robert H. Lorsch
Robert H. Lorsch
Chief Executive Officer
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