As of December 1, 2012, Authentidate Holding Corp. (the "Company") entered into an agreement with Legend Securities, Inc. for a term of one year pursuant to which Legend Securities has agreed to provide investor relations and business advisory services to the Company. In consideration for the services to be rendered under the agreement, the Company agreed to pay a fee of $15,000 per month and to issue to Legend Securities a warrant for the purchase of 225,000 shares of the Company's common stock (the "Warrants") at an exercise price of $1.34 per share. The Warrants vest as follows: 52,250 of the Warrants vest on the effective date of the agreement and then an additional 56,250 Warrants will vest each 90 day period thereafter. The Warrants are exercisable beginning six months following the effective date of the agreement, have a term of five years and contain a cashless exercise provision and certain "piggy-back" registration rights.
Anyone done their DD on Legend Securities regulatory history?