Other Information
−Removed: Beginning January 18th through April 19th of this year, certain of our directors and officers made loans to the Company, the proceeds of which were used to augment our working capital and for general corporate purposes, including payment of employee compensation and loans to EJ Holdings to fund operations at its facility in Ube, Japan.
−Removed: The loans are evidenced by demand promissory notes of the Company, the form of which is included as Exhibit 10.2 to this Quarterly Report and incorporated herein by reference.
−Removed: The following table sets forth information regarding the related-party loans:
−Removed: Annual Interest Rate
−Removed: Principal Loan Amount
+Added: Related Party Loans
+Added: Over the period January 1, 2022 through June 30, 2022, certain of the Company’s directors and executive officers loaned the Company an aggregate of $2.1million to augment the Company’s working capital as reflected in the following table (in thousands):
Soomi Niihara (1)
+Added: Due on Demand
Yasushi Nagasaki (2)
+Added: Due on Demand
Hope International Hospice, Inc.
+Added: Due on Demand
Hope International Hospice, Inc.
+Added: Due on Demand
Soomi Niihara (1)
−Removed: George Sekulich (2)
+Added: Due on Demand
Soomi Niihara (1)
+Added: Due on Demand
Osato Medical Clinic (3)
−Removed: Alfred Lui (5)
+Added: Due on Demand
Hope International Hospice, Inc.
+Added: Due on Demand
Hope International Hospice, Inc.
+Added: Due on Demand
Wei Pei Zen (2)
+Added: Due on Demand
Willis Lee (2)
−Removed: Total Loan Amount
−Removed: Soomi Niihara is the wife of Yutaka Niihara, M.D., M.P.H., the Chairman and Chief Executive Officer of the Company.
−Removed: Officer of the Company.
−Removed: Niihara is co-owner with his wife, Soomi Niihara, and a director and the Chief Executive Officer of Hope International Hospice, Inc.
−Removed: Osato Medical Clinic is owned by Masaharu Osato, M.D., a director of the Company.
−Removed: Director of the Company.
+Added: Due on Demand
+Added: Hope International Hospice, Inc.
+Added: Due on Demand
+Added: Soomi Niihara is Dr.
+Added: Niihara’s wife.
+Added: Niihara, a Director and the Chairman, and Chief Executive Officer of the Company, is also a director and the Chief Executive Officer of Hope International Hospice, Inc., which is wholly owned by him and his wife.
+Added: Officer or director.
+Added: Osato, a director of Emmaus, and his wife are the sole owners of Osato Medical Clinic.
Incorporated by Reference
Exhibit Description
−Removed: Promissory Note date January18,2022 issued by registrant to Soomi Niihara.
−Removed: Form of Promissory issued by the registrant to the persons indicated in Schedule A attached to the Form of Promissory Note.
−Removed: Promissory Note date March 31,2022 issued by registrant to Wei Peu Zen.
Certification of Chief Executive Officer pursuant to Item 601(b)(31) of Regulation S-K, as adopted pursuant to Section 302 of the Sarbanes-Oxley Act of 2002
10 unchanged sentences
Filed herewith.
−Removed: Furnished herewith and not “filed” for purposes of Section 18 of the Securities Exchange Act of 1934 or otherwise subject to the liabilities of that section, nor shall it be deemed incorporated by reference in any filing under the Securities Act of 1933 or the Securities Exchange Act of 1934, whether made before or after the date hereof and irrespective of any general incorporation language in any filings.
+Added: This exhibit shall not be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934 or otherwise subject to the liabilities of that section, nor shall it be deemed incorporated by reference in any filing under the Securities Act of 1933 or the Securities Exchange Act of 1934, whether made before or after the date hereof and irrespective of any general incorporation language in any filings.
EMMAUS LIFE SCIENCES, INC.
1 unchanged sentence
Emmaus Life Sciences, Inc.
+Added: August 15, 2022
/s/ Yutaka Niihara
5 unchanged sentences
Compared sentence by sentence after normalising whitespace, quotation marks, case and digits, so re-formatting and restated figures do not read as changed language. Wording changes appear as one removal and one addition. The current filing and the prior one are authoritative.