NetBrands enters equity purchase agreement for up to $10M with Trillium Partners at 85% of market price

NetBrands Corp.

Trillium Partners LP, controlled by Steve Hicks, to buy up to $10M of NetBrands stock at 85% of 5-day VWAP after put notice.
NetBrands must deliver shares valued at 115% of the put amount; EPA includes price floor if stock drops below 70% of put-date price.
Company to file Form S-1 at its own expense for Trillium's resale of shares; EPA has two-year term.
No assurance that any particular amount will be drawn; dilution risk for existing shareholders from discounted issuance.

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