Oak Tree Educational Partners, Inc. 4
4 · Oak Tree Educational Partners, Inc. · Filed Dec 13, 2010
Insider Transaction Report
Form 4
Transactions
- Other
Common Stock
2010-12-01+1,886,571→ 1,886,571 total(indirect: By Deerpath Funding, LP) - Other
Warrants
2010-12-01+1→ 1 total(indirect: By Deerpath Funding, LP)Exercise: $0.50From: 2010-12-01Exp: 2020-11-30→ Common Stock (628,857 underlying)
Footnotes (1)
- [F1]On December 1, 2010, Deerpath Funding, LP, Oak Tree Education Partners, Inc. (the "Issuer") and the Issuer's subsidiaries entered into a Loan Agreement (the "Loan Agreement") pursuant to which Deerpath Funding, LP acquired (i) a senior secured initial term promissory note in the principal amount of $3.0 million, (ii) 1,886,571 shares of the Issuer's common stock, par value $0.0001 per share (the "Common Stock") and (iii) a warrant initially exercisable to purchase 628,857 shares of Common Stock at an exercise price of $0.50 per share.