INNOVATIVE FOOD HOLDINGS INC | 2013 | FY | 3

The following table summarizes the significant terms of warrants outstanding at December 31, 2013. These warrants may be settled in cash or via cashless conversion into shares of the Company’s common stock at the request of the warrant holder. These warrants were granted as part of a financing agreement:

           
Weighted
   
Weighted
         
Weighted
 
           
average
   
average
         
average
 
Range of
   
Number of
   
remaining
   
exercise
         
exercise
 
exercise
   
warrants
   
contractual
   
price of
   
Number of
   
price of
 
Prices
   
Outstanding
   
life (years)
   
outstanding Warrants
   
warrants Exercisable
   
exercisable Warrants
 
$
0.010
     
700,000
     
6.38
   
$
0.010
     
700,000
   
$
0.010
 
                                             
$
0.250
     
783,623
     
5.24
   
$
0.250
     
783,623
   
$
0.250
 
                                             
$
0.550
     
1,507,101
     
1.45
   
$
0.550
     
1,507,101
   
$
0.550
 
                                             
$
0.575
     
2,828,405
     
3.09
   
$
0.575
     
2,828,405
   
$
0.575
 
         
5,819,129
     
3.35
   
$
0.457 
     
5,819,129
   
$
0.457 
 

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