Eyes on the Go, Inc. (OTCPK:AXCG) announced a private placement of original issue discount senior secured convertible debentures for gross proceeds of up to $500,000 with two accredited investors on February 25, 2013. The company will issue debentures in one or more tranches and are due and payable 270 days after the date of issuance. The debentures have face value of $550,000, carry 10% original issue discount, and are convertible into common shares of the company at the option of the holder at a purchase price equal to the lesser of $.0015 or 85% of the average volume weighted average price on the five trading days immediately prior to the conversion date. The company will issue securities pursuant to exemption provided under Regulation D. The debentures are secured by all of the assets of the company. The company shall pay all transfer agent fees, stamp taxes and other taxes and duties levied in connection with the delivery of any securities to the purchasers. Other than fees payable to the placement agent, the company will pay no brokerage or finder's fees or commissions. Chardan Capital Markets, LLC will act as placement agent and Gerald Francese of DLA Piper US LLP will act as legal counsel for the company. Ellenoff Grossman & Schole LLP will act as legal advisor to Kerry Propper. Kerry Propper will act as agent to secured parties.

On the same date, the company announced that it has received $60,000 worth of debentures in first close. The debentures issued in first tranche had a principal amount of $66,000. The company received net proceeds of approximately $44,000, after deducting the payment of total fees and expenses of $16,000. In connection with the transaction, the company reimbursed Kerry Propper, lead purchaser, in the amount of $10,000 for legal fees to Ellenoff Grossman & Schole LLP incurred in connection with the transaction. The placement agent received a sales commission of 10% of amount sold, which is $6,000 and a warrant to purchase up to 4,400,000 shares of the company's common stock at an exercise price of $0.0012 per share.

On March 21, 2013, the company received $60,000, which had a principal amount of $66,000. The company received net proceeds of $52,500, following the payment of fees and expenses.

On April 23, 2013, the company received $39,150, which had a principal amount of $43,500. The company received net proceeds of $33,735, following the payment of fees and expenses.

On June 5, 2013, the company received $22,500, which had a principal amount of $25,000. The company received net proceeds of $20,250, following the payment of fees and expenses.

On June 14, 2013, the company received $17,100, which had a principal amount of $19,000. The company received net proceeds of $15,390, following the payment of fees and expenses.

On July 10, 2013, the company received $33,390, which had a principal amount of $37,100. The company received net proceeds of $30,055, following the payment of fees and expenses.

On August 8, 2013, the company received $39,600, which had a principal amount of $44,000. The company received net proceeds of approximately $35,640, following the payment of fees and expenses.

On September 3, 2013, the company received $22,222.80, which had a principal amount of $24,692. The company received net proceeds of $20,000.52, following the payment of fees and expenses.

On October 2, 2013, the company received $33,480, which had a principal amount of $37,200. The company received net proceeds of $30,132, following the payment of fees and expenses.

On October 15, 2013, the company received $44,460, which had a principal amount of $49,400. The company received net proceeds of $40,014, following the payment of fees and expenses.

On January 8, 2014, the company received $50,400, which had a principal amount of $56,000. The company received net proceeds of $45,360, following the payment of fees and expenses.

On February 3, 2014, the company received $50,400, which had a principal amount of $56,000. The company received net proceeds of $45,360, following the payment of fees and expenses.