Peizer’s Crede Capital buys $7.5 million ZaZa Energy, Corp. Equity; Stock Rises 17% On Deal Announcement

HOUSTON–(BUSINESS WIRE)–ZaZa Energy Corporation (“ZaZa” or the “Company”) (ZAZA) today announced that the Company has entered into a $7.5 million capital markets transaction with Crede Capital Group, LLC, a Los Angeles-based family office. The Company plans to use the proceeds to fund additional East Texas development and lease acquisitions. Terren Peizer, Chairman of Crede Capital Group, his principle investment vehicle commented, “We are delighted to join with management in purchasing equity in general, but specifically gaining a stake in the very valuable Eagle Ford and Eagle Ford East resource plays. We further look forward to their imminent production results.”
The investment will be made in two phases. The closing of the first phase, which has occurred today, is for $5 million gross proceeds in exchange for ZaZa common stock at a price of $0.83 per share. The price per share was determined by the closing price on July 17, 2014 as reported on the Nasdaq Capital Market. The transaction also includes 0.6 warrants for every share of ZaZa common stock with a strike price of $1.1205 per share, a 35% premium to such price. The second phase for $2.5 million is scheduled to close on or before October 20, 2014, and also includes 0.6 warrants for every share of ZaZa common stock. The price for such additional shares shall be determined by reference to the closing price of ZaZa common stock on the day prior to such additional issuance.
About ZaZa Energy Corporation
Headquartered in Houston, Texas, ZaZa Energy Corporation is a publicly-traded exploration and production company with primary assets in the Eagle Ford and Eagle Ford East resource plays in Texas. More information about the Company may be found at www.zazaenergy.com

Terren Peizer’s Crede Capital Group invests $15 million into Net Element; Stock rises over 100% on the week.

Net Element, Inc. (NETE) (“Net Element” or the “Company”), a technology-driven group specializing in mobile payments and value-added transactional services in emerging countries and in the United States, is pleased to announce that it has entered into a debt exchange agreement with Crede CG III, Ltd. (“Crede”), a wholly owned subsidiary of Crede Capital Group, LLC. Under the agreement, the Company immediately eliminated $15,876,860 of indebtedness under certain promissory notes, which will be reflected in Net Element’s quarterly financial results for the period ending September 30, 2014. Crede paid more than $15 million to the Company’s note holders to acquire such promissory notes. After acquiring the promissory notes, Crede exchanged them for Company common stock. Terren Peizer, Chairman of Crede Capital Group, Peizer’s personal investment vehicle, commented, “We are delighted to provide the capital to strengthen Net Element’s balance sheet, and provide the growth capital for the company to execute on its plan. On the heels of Apple’s foray into mobile payments, the industry is an exciting place to allocate capital.”

“In addition to saving on the financing expenses associated with holding high-interest loans, we have freed up a significant amount of cash flow and strengthened our balance sheet by replacing debt with equity. The increased financial flexibility provided by this transaction positions us to take advantage of growth opportunities and partnerships in promising areas such as mobile payments,” said Oleg Firer, CEO of Net Element.

The transaction is exempt from registration under the Securities Act of 1933, as amended (the “Securities Act”) pursuant to Section 3(a)(9) of the Securities Act. Additional information regarding this financing may be found in Net Element’s Current Report on Form 8-K, which was filed with the Securities and Exchange Commission (SEC) on September 15, 2014, and may be obtained from the SEC’s Internet website athttp://www.sec.gov.