01 Communique Laboratory Inc V.ONE

Warrents plus calculation Citrix owes

[onevictory]

Citrix will owe Big Monies from very start. Wow. OQ1 is smart & Doing it by book.  The Debentures are secured by a general security agreement. Each warrant will be exercisable into one common share in the capital of 01 Communique at any time until April 27, 2018 at an exercise price of $0.21 per Common Share. The proceeds from this offering will be used for working capital purposes. Each of the securities issued under the offering are subject to a four month hold period that will expire on August 25, 2015.

In accordance with the provisions of IFRS, as they apply to the Debenture, the Company has split the Debenture and Warrant components of the Debenture into their debt and equity components and recorded the debt component as a liability and the equity component as equity. In determining the valuation of the liability and the equity components, the Company calculated the value of the liability component first, using a discount rate appropriate for what a similar debt instrument, absent any warrants, would have commanded at that time. The residual of the proceeds over the inherent value of the liability component was attributed to the equity portion of the Debenture. Accretion charges on the liability component, which are calculated using the discount rate, are recorded in the statement of operations.