MeeMee Media Inc. (OTCPK:MEME) announced a private placement of secured promissory note, shares, and warrants with new accredited investor, Kopple Financial, Inc for gross proceeds of $1,000,000 on February 3, 2014. The note will become payable on the date of closing of the company's previously announced acquisition of a Latin American mobile services target or 6 months after the date of the note. The note bears interest at a rate of 1% per month; provided, however, upon default under the note, interest will accrue at the rate of 17% per annum during the period of time from default is continuing and not cured. The company also issued 100,000 shares as transaction fees and warrants to purchase up to 3,000,000 shares of the company with a five year term at an exercise price of $.50 per share. In certain cases, the warrant share exercise price shall be reduced to any lower price issuance by the company of any common stock or securities convertible into or exercisable directly or indirectly for shares of common stock. Additionally, if the company sells shares of its common stock, or securities convertible into or exercisable directly or indirectly for shares of common stock, in a financing which is completed in connection with the acquisition at a price per share, or at an exercise or conversion price per share, which is less than $0.75, then the exercise price shall be automatically reduced to an exercise price which is equal to the lesser price multiplied by 0.666.

On February 3, 2014, MeeMee Media Inc. closed the transaction.