Modest - I'll give it a shot. The $9.2M amount

Modest - I'll give it a shot.

The $9.2M amount is not the amount of toxic financing remaining. It is the principal amount on the outstanding convertible notes. We still have the toxic Series E and Series H preferred shares to add to the total of toxic financing remaining.

However, you point out something that can be viewed as positive. AMBS raised $250K. To enable it to do so, Anson, Dominion and Delafield agreed to subordinate their interests to the new lenders.

Yes, they only subordinated their interests to the tune of $250K. But it shows that they are somewhat willing to play ball to help AMBS.

That's right, Magna did something it didn't have to do to help us.

Quote:

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October 31, 2016 the Company entered into the First Amendment To Intercreditor And Subordination Agreement (“First
Amendment”), by and among the, the Company, all of the subsidiaries of the Company (such subsidiaries, the “Subsidiaries”, the
Company jointly and severally, together with their respective successors and assigns, collectively, the “Debtors”), GEMG LLC (“GEMG”),
Anson Investments Master Fund LP (“Anson”), Dominion Capital, LLC, (“Dominion”) and Delafield Investments Limited (“Delafield”)
the holders (Anson, Dominion and Delafield are collectively, the “April 2016 Holders”) of the Company’s 12% OID Senior Secured
Convertible Promissory Notes, in the original aggregate principal amount of approximately $9,215,000 pursuant to the Senior Loan
Agreement, Delafield in its capacity as collateral agent (in such capacity, the “Collateral Agent”) and the New Investors pursuant to which
GEMG continued to remain as a senior lender, the New Investors became a junior lender to GEMG and senior to the April 2016 Holders,
and the April 2016 Holders became subordinated lenders to both GEMG and the New Investors.

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