FOLDERA, INC 3
3 · FOLDERA, INC · Filed Oct 1, 2007
Insider Transaction Report
Form 3
FOLDERA, INCFDRA
VISION CAPITAL ADVISORS, LLC
10% Owner
Holdings
- 36,085,036(indirect: By Vision Opportunity Master Fund, Ltd.)
Common Stock ($.001 par value)
- (indirect: By Vision Opportunity Master Fund, Ltd.)
Series A Warrant (right to buy)
Exercise: $0.60Exp: 2011-10-19→ Common Stock ($0.001 par value) (5,401,235 underlying)
Footnotes (2)
- [F1]Vision Capital Advisors, LLC (the "Investment Manager") serves as investment manager to Vision Opportunity Master Fund, Ltd. (the "Master Fund"), the direct owner of the subject securities. Adam Benowitz is the managing member of the Investment Manager and the Master Fund's portfolio manager. Each Reporting Person disclaims beneficial ownership of all securities reported herein, except to the extent of their pecuniary interest therein, if any, and this report shall not be deemed an admission that such Reporting Person is the beneficial owner of the shares for purposes of Section 16 of the Securities and Exchange Act of 1934 or for any other purpose.
- [F2]The Series A Warrant is exercisable into shares of Common Stock at any time at the option of the Master Fund. Pursuant to the terms of the transaction documents relating to the purchase of the foregoing securities, the Master Fund may not acquire shares of Common Stock upon exercise of the Series A Warrant to the extent that, upon exercise, the number of shares of Common Stock beneficially owned by the Master Fund and its affiliates would exceed 9.99% of the issued and outstanding shares of Common Stock of the Issuer; provided that this restriction on exercise can be waived at any time by the Master Fund upon 61 days notice.