UNITED STATES
SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549


FORM S-1

Amendment No. 3


REGISTRATION STATEMENT

UNDER THE SECURITIES ACT OF 1933


Commission File Number: 333-167453


APPIPHANY TECHNOLOGIES HOLDINGS CORP.

(Exact name of registrant as specified in its charter)


Nevada737130-0678378

Nevada

7371

N/A

(State or other jurisdiction of

Incorporation)

(Primary Standard Industrial

Classification Number)

(I.R.S.IRS Employer Identification Number)

incorporation or organization)

Classification Code Number)


403 – 1630 Pandosy St.

Kelowna, BC, Canada V1Y 1P7

(778) 478-9944

10 W. Broadway
Suite 700
Salt Lake City, Utah 84101
385-212-3305
(Address, including zip code, and telephone number, including

area code,

of registrant’sregistrant's principal executive offices)


Paracorp Incorporated

318 N. Carson St.Street #208

Carson City, NVNevada 89701

888-972-7273
(Name, address,Address, including zip code, and telephone number,

including area code, of agent for service)


Copies

Please send copies of all communications to:


Carrillo, Huettel

BRUNSON CHANDLER & Zouvas, LLP

3033 Fifth Avenue,JONES, PLLC

175 South Main Street, Suite 201

San Diego, CA 92103

Tel. (619) 399-3090

Fax (619) 399-0120


1410

Salt Lake City, Utah 84111
801-303-5772
chase@bcjlaw.com
(Address, including zip code, and telephone, including area code)
Approximate date of proposed sale to the public:  From time to time after the effective date of this registration statement.

(Approximate date of commencement of proposed sale to the public)

If any of the securities being registered on this Form are to be offered on a delayed or continuous basis pursuant to Rule 415 under the Securities Act of 1933, check the following box.   X  ..

If this Form is filed to register additional securities for an offering pursuant to Rule 462(b) under the Securities Act, please check the following box and list the Securities Act registration statement number of the earlier effective registration statement for the same offering. ..

If this Form is a post-effective amendment filed pursuant to Rulerule 462(c) under the Securities Act, check the following box and list the Securities Act registration statement number of the earlier effective registration statement for the same offering. ..

If this Form is a post-effective amendment filed pursuant to Rule 462(d) under the Securities Act, check the following box and list the Securities Act registration statement number of the earlier effective registration statement for the same offering. ..

Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, or a smaller reporting company. See the definitions of “large"large accelerated filer,” “accelerated filer”" "accelerated filer" and “smaller"smaller reporting company”company" in Rule 12b-2 of the Exchange Act. (Check one):


Large accelerated filer

..

Accelerated filer

..

Non-accelerated filer

.. (Do

Smaller reporting company
(Do not check if a smaller reporting company)

Smaller reporting company

  X ..







CALCULATION OF REGISTRATION FEE


Title of Each Class

of Securities to be

Registered

 

Amount to be

Registered

(4)

 

Offering

Price Per

Share

 

Aggregate

Offering

Price

(1)

 

Amount of

Registration

Fee

(1)

Common stock, $0.001 par value per share

 

300,000(2)

 

0.05

 

$15,000

 

$1.07

Common stock, $0.001 par value per share

 

2,700,000(3)

 

0.05

 

$135,000

 

$9.63


(1)

Estimated solely for purposes of calculating

Title of Each Class of
securities to be registered
 
Amount of shares of
common stock to be registered (1)
  
Proposed
Maximum
Offering
Price Per
Share (2)
  
Proposed
Maximum
Aggregate
Offering
Price
  
Amount of
Registration
Fee (3)
 
                 
Common Stock, par value $0.001 per share  10,000,000  $$0.0148  $148,000  $17.15 
(1)Consists of (i) up to 10,000,000 of common stock to be sold by Dorado Investments, LLC ("Dorado") pursuant to an Equity Purchase Agreement dated November 4, 2016.  In accordance with Rule 416(a), this registration statement shall also cover an indeterminate number of shares that may be issued and resold resulting from stock splits, stock dividends or similar transactions.
(2)Based on the average of the high and low transactions prices on December 7, 2016. The shares offered, hereunder, may be sold by the selling stockholder from time to time in the open market, through privately negotiated transactions, or a combination of these methods at market prices prevailing at the time of sale or at negotiated prices.
(3)The fee is calculated by multiplying the aggregate offering amount by .0001159, pursuant to Section 6(b) of the Securities Act of 1933.
We hereby amend this registration fee under Rule 457(a).

(2)

Selling Security Holders.

(3)

Direct Public Offering. This amended Registration Statement also covers the resale under a separate resale prospectus (the “Resale Prospectus”) by selling shareholders of the Registrant of up to 300,000 ordinary shares previously issued to the selling shareholders as named in the Resale Prospectus.

(4)

In the event of a stock split, stock dividend or similar transaction involving the common shares of the registrant, in order to prevent dilution, the number of shares of common stock registered shall be automatically increased to cover additional shares in accordance with Rule 416(a) under the United States Securities Act of 1933, as amended (the “Securities Act”).


The Registrant hereby amends this Registration Statementstatement on such date or dates as may be necessary to delay itsour effective date until the Registrantregistrant shall file a further amendment which specifically states that this Registration Statementregistration statement shall, thereafter, become effective in accordance with Section 8(a) of the Securities Act of 1933, as amended, or until the Registration Statementregistration statement shall become effective on such date as the Securities and Exchange Commission, acting pursuant to said Section 8(a), may determine.

PRELIMINARY PROSPECTUS SUBJECT TO COMPLETION DATED __________, 2016

The information in this prospectus is not complete and may be changed. These securities may not be sold (except pursuant to a transaction exempt fromuntil the registration requirements of the Securities Act) until this registration statement filed with the Securities and Exchange Commission is declared effective. This preliminary prospectus is not an offer to sell these securities and it is not soliciting an offer to buy these securities in any state where the offer or sale is not permitted.










Subject  Appiphany Technologies Holdings Corp.

_____ Common Shares
The selling stockholder identified in this prospectus may offer and sell up to completion, dated _____________, 2011




2



EXPLANATORY NOTE


This Registration Statement contains two prospectuses, as set forth below.


·

Public Offering Prospectus.A prospectus regarding our offering10,000,000 of its common stock, which will consist of up to 2,700,00010,000,000 shares of common stock to be sold by Dorado Investments, LLC ("Dorado") pursuant to an Equity Purchase Agreement (the "Purchase Agreement") dated November 4, 2016. If issued presently, the 10,000,000 of common stock registered for resale by Dorado would represent 16.13%of our issued and outstanding shares of common stock as of December 7, 2016. 

The selling stockholder may sell all or a portion of the shares being offered pursuant to this prospectus at fixed prices and prevailing market prices at the time of sale, at varying prices, or at negotiated prices.
We will not receive any proceeds from the sale of the shares of our common stock by Dorado. However, we will receive proceeds from our initial sale of shares to Dorado pursuant to the Purchase Agreement. We will sell shares to Dorado at a price equal to 75% of the closing bid price for our common stock during the five consecutive trading day period beginning on the date on which we deliver a Put Notice to Dorado.
Dorado is an underwriter within the meaning of the Securities Act of 1933, and any broker-dealers or agents that are involved in a direct public offering, without any involvement of underwriters or broker-dealers (the “Public Offering Prospectus”). Should allselling the shares being offered by the Company hereundermay be sold, the Company would receive an aggregate of $135,000. The offering price is $0.05 per share for newly issued shares.


·

Resale Prospectus. A prospectusdeemed to be used for"underwriters" within the meaning of the Securities Act of 1933 in connection with such sales. In such event, any commissions received by such broker-dealers or agents and any profit on the resale by selling shareholders of up to 300,000 shares of the Registrant’sshares purchased by them may be deemed to be underwriting commissions or discounts under the Securities Act of 1933.

Our common stock (the “Resale Prospectus”)is traded on OTC Markets under the symbol "APHD". TheOn December 7, 2016, the last reported sale price for our common stock was $0.0148 per share.
Prior to this offering, pricethere has been a very limited market for our securities. While our common stock is on the OTC Markets, there has been negligible trading volume. There is no guarantee that an active trading market will develop in our securities.
This offering is highly speculative and these securities involve a fixed pricehigh degree of $0.05 per share for shares being soldrisk and should be considered only by current shareholders.  


The Resale Prospectus is substantively identical topersons who can afford the Public Offering Prospectus, except for the following principal points:


·

they contain different outside and inside front covers;

·

they contain different Offering sections in the Prospectus Summary sectionloss of their entire investment. See "Risk Factors" beginning on page 8;

·

they contain different Use5. Neither the Securities and Exchange Commission nor any state securities commission has approved or disapproved of Proceeds sections on page 15;

·

they contain different Planthese securities or passed upon the accuracy or adequacy of Distribution sections on page 16;

·

the Dilution section is deleted from the Resale Prospectus on page 18;

·

a Selling Security Holders section is included in the Resale Prospectus beginning on page 18;

·

references in the Public Offering Prospectusthis prospectus. Any representation to the Resale Prospectus will be deleted fromcontrary is a criminal offense.



 The date of this prospectus is ________________, 2016.
2


Table of Contents
The following table of contents has been designed to help you find information contained in this prospectus. We encourage you to read the Resale Prospectus;

·

entire prospectus.


Item 3. Summary Information4
Item 4. Use of Proceeds10
Item 5. Determination of Offering Price10
Item 6. Dilution10
Item 7. Selling Security Holder10
Item 8. Plan of Distribution12
Item 9. Description of Securities to be Registered13
Item 10. Interests of Named Experts and Counsel14
Item 11. Information with Respect to the Registrant14
Item 13. Other Expenses of Issuance and Distribution25
Item 14. Indemnification of Officers and Directors25
Item 15. Recent Sales of Unregistered Securities26
Financial Statements27
3



We have not authorized any person to give you any supplemental information or to make any representations for us. You should not rely upon any information about our company that is not contained in this prospectus. Information contained in this prospectus may become stale. You should not assume the outside back coverinformation contained in this prospectus or any prospectus supplement is accurate as of any date other than their respective dates, regardless of the Public Offering Prospectus is deleted from the Resale Prospectus.


The Registrant has included intime of delivery of this Registration Statement, after the financial statements, a setprospectus, any prospectus supplement or of alternate pages to reflect the foregoing differencesany sale of the Resale Prospectus as compared to the Public Offering Prospectus.



3



APPIPHANY TECHNOLOGIES HOLDINGS CORP.

403 – 1630 Pandosy St.

Kelowna, British Columbia

Canada V1Y 1P7

(778) 478-9944



PRELIMINARY PROSPECTUS


THE INFORMATION IN THIS PROSPECTUS IS NOT COMPLETE AND MAY BE CHANGED. THESE SECURITIES MAY NOT BE SOLD UNTIL THE REGISTRATION STATEMENT FILED WITH THE SECURITIES AND EXCHANGE COMMISSION IS EFFECTIVE. THIS PROSPECTUS IS NOT AN OFFER TO SELL THESE SECURITIES AND IT IS NOT SOLICITING AN OFFER TO BUY THESE SECURITIES IN ANY STATE WHERE THE OFFER OR SALE IS NOT PERMITTED.


2,700,000 sharesshares. Our business, financial condition, results of common stock


Weoperations, and prospects may have changed since those dates. The selling stockholders are offering up to 2,700,000sell and seeking offers to buy shares of our common stock only in a direct public offering with an offering price of $0.05 per share. This offering shall be conducted without any involvement of underwriters or broker-dealers, should all shares being offered byjurisdictions where offers and sales are permitted.

In this prospectus, "Appiphany" the Company hereunder be sold, the Company would receive an aggregate of $135,000.  


The 2,700,000 shares of common stock being register directly by the Company is the initial offering of common stock of"Company," "we," "us," and "our" refer to Appiphany Technologies Holdings Corp., a Nevada corporation.


Item 3. SUMMARY INFORMATION
You should carefully read all information in the prospectus, including the financial statements and no public market currently exists fortheir explanatory notes under the securities being offered. We are offering for sale a total of 2,700,000 shares of common stock at a fixed price of $.05 per share. There is no minimum number of shares that must be sold by us for the offeringFinancial Statements prior to proceed, and we will retain the proceeds from the sale of any of the offered shares. The offering is being conducted on a self-underwritten, best efforts basis, which means our officers and directors will attempt to sell the shares. This Prospectus will permit our officers and directors to sell the shares directly to the public, with no commission or other remuneration payable to them for any shares they may sell. Our officers and directors will offer the shares to friends, family members and business acquaintances.&nb sp;Our officers and directors will offer our shares at a fixed price of $.05 per share for a period of one hundred and eighty (180) days from the effective date of this prospectus, unless extended by our board of directors formaking an additional 90 days.


There is currently no market for our common stock and we do not know if an active trading market will develop. We intend to take customary measures to arrange for an application to be made with respect to our common stock to be approved for quotation on the Over-the-Counter Bulletin Board (“OTCBB”) upon the effectiveness of the registration statement of which this prospectus forms a part. There are no assurances that our common stock will be approved for quotation on the OTCBB or that, if approved, any meaningful market for our common stock will ever develop.


investment decision.

Company Organization
Appiphany Technologies Holdings Corp. is a development stage company and currently has limited operations. Any investment in the shares offered herein involves a high degree of risk. You should only purchase shares if you can afford a loss of your investment. Our independent registered public accountant has issuedNevada corporation with an audit opinion for Appiphany Technologies Holdings Corp., which includes a statement expressing substantial doubt as to our ability to continue as a going concern.


This prospectus covers the primary public offering by the Company of 2,700,000 shares of common stock. The Company is concurrently conducting a resale offering for 300,000 shares, which is covered in a separate resale prospectus.


THE PURCHASE OF THE SECURITIES OFFERED THROUGH THIS PROSPECTUS INVOLVES A HIGH DEGREE OF RISK. YOU SHOULD CAREFULLY READ AND CONSIDER THE SECTION OF THIS PROSPECTUS ENTITLED “RISK FACTORS” ON PAGES 9 THROUGH 14 BEFORE BUYING ANY SHARES OF APPIPHANY TECHNOLOGIES HOLDINGS CORP. COMMON STOCK.


NEITHER THE SECURITIES AND EXCHANGE COMMISSION NOR ANY STATE SECURITIES COMMISSION HAS APPROVED OR DISAPPROVED OF THESE SECURITIES OR PASSED UPON THE ADEQUACY OR ACCURACY OF THIS PROSPECTUS. ANY REPRESENTATION TO THE CONTRARY IS A CRIMINAL OFFENSE.


No dealer, salesperson or any other person is authorized to give any information or make any representations in connection with this offering other than those contained in this prospectus and, if given or made, the information or representations must not be relied upon as having been authorized by us. This prospectus does not constitute an offer to sell or a solicitation of an offer to buy any security other than the securities offered by this prospectus, or an offer to sell or a solicitation of an offer to buy any securities by anyone in any jurisdiction in which the offer or solicitation is not authorized or is unlawful.




TABLE OF CONTENTS


Page

Prospectus Summary

6

The Offering

8

Risk Factors

9

Determination of Offering Price

1 4

Use of Proceeds

14

Plan of Distribution; Terms of the Offering

16

Dilution

17

Description of Property

18

Description of Securities

18

Description of Our Business

19

Management’s Discussion and Analysis

26

Directors, Executive Officers, Promoters and Control Persons

29

Executive Compensation

30

Security Ownership of Certain Beneficial Owners and Management

31

Certain Relationships and Related Transactions

32

Legal Matters

33

Experts

33

Commission Position of Indemnification for Securities Act Liabilities

33

Where you can find more Information

33

Index to Financial Statements

F-1

You should rely only on the information contained or incorporated by reference to this prospectus in deciding whether to purchase our common stock. We have not authorized anyone to provide you with information different from that contained or incorporated by reference to this prospectus. Under no circumstances should the delivery to you of this prospectus or any sale made pursuant to this prospectus create any implication that the information contained in this prospectus is correct as of any time after theincorporation date of this prospectus. To the extent that any facts or events arising after the date of this prospectus, individually or in the aggregate, represent a fundamental change in the information presented in this prospectus, this prospectus will be updated to the extent required by law.



5



PROSPECTUS SUMMARY

The following summary highlights material information contained in this prospectus. This summary does not contain all of the information you should consider before investing in the securities. Before making an investment decision, you should read the entire prospectus carefully, including the risk factors section, the financial statements and the notes to the financial statements. You should also review the other available information referred to in the section entitled “Where you can find more information” in this prospectus and any amendment or supplement hereto. Unless otherwise indicated, the terms the “Company,” “Appiphany,” “we,” “us,” and “our” refer and relate to Appiphany Technologies Holdings Corp. and Appiphany Technologies Corp., our wholly-owned subsidiary. As used herein, iPod®, iPod Touch®, iPhone® and iPad® are registered trademarks of Apple, Inc. and A ppiphany Technologies Holdings Corp. expressly disclaims any right thereto.


The Company Overview


We incorporated in the State of Nevada on February 24, 2010, under the name Appiphany Technologies Holdings Corp.2010. On May 1, 2010, we entered into a Share Exchange Agreement (the "SEA") with Appiphany Technologies Corp. ("ATC"), a company incorporated in British Columbia, Canada in June 2009, pursuant to which we acquired all of the issued and outstanding shares of ATC in exchange for 1,500,000 shares of Appiphany.  

the Company's common stock. On January 24, 2016, we acquired certain assets and accounts from Media Convergence Group, LLC in exchange for 20,000,000 shares of the Company's common stock.


Our Business
ATC commenced operations as a diversified technology company in June 2009.  Our business model has refocused to a global brand-protection company. This business model will encompass all areas of 2009. As a resultprotecting intellectual property of the SEA, we are a diversified technol­ogy company. The scope of our business is based around third-party application (“App”) development for the iPhone, iPod Touchglobal brand owners through risk management, technology innovation and iPad manufactured and marketed by Apple, Inc.  In September 2009, Appiphany finalized a contract license with Apple, Inc., to design, develop, manufacture and sell accessories that are made for Apple’s iPod and iPhone.strategic supply chain strategies.  With our focus on the new Apple SDK (software development kit), we have the ability to develop, debug, and distribute commercial or in-house Apps for the iPhone, iPod Touch and the new iPad.  


To date, we have designed and developed a variety of Apps that are currently available for purchase through Apple, Inc., and we are in the process of developing additional Apps and products.  Our current products, services and projects are described in further detail in the section of this prospectus titled “DESCRIPTION OF OUR BUSINESS”, under “Products and Services” starting on page 19. We believe that the Company will evolve into a third-party accessories company, integrating our accessories to function with our Apps. We aim to maximize user expe­rience while exploring the innovative technological possibilities of today. Our goal is to become a successful developer of Apps and App software and maintain a balanced company through streamlined web-based marketing and sales.


Our target customers are those consumers wishing to purchase Apps for their Apple products and third-party commercial businesses wishing to develop Apps for resale. We anticipate thatcombined expertise we will be ablemanage and deliver cost-effective, collaborative and creative strategies to continue generating revenues fromprotect the saleassets of our Apps. As of October 31, 2010, we have generated $4,031 collectively from the sale of our Apps on the iTunes website. We also have a license that allows us to develop and sell accessories that are compatible with Apple’s iPod and iPhone to existing and new customers; however, no such accessories have been developed or sold to date. In addition, we are evaluating the feasibility of providing additional services, including web design, graphic design, hosting, marketing, and new business consulting focused on technology implementation. We believe that our success will depend on our ability to promote products and software consistent with the Apple, Inc. culture and image.global brands. We will also needensure client ROI through protection of markets, prevention of brand erosion and lost sales resulting in enhanced returns to anticipatethe bottom line. Specifically, our core focus is online brand protection and respondInternet monitoring. Our web-based platform allows us and our clients to changing consumer demandssearch, identify and tastes, as well as the demandstake action against illicit, counterfeit, and diverted online sales of Apple, Inc.


Our foundermislabeled products. This ability to monitor dozens of auction sites worldwide and President, Jesse Keller, has an extensive technical background that he developed over the course of more than eleven years of experience workingdo product queries in real-time is a very significant competitive advantage in the technology industry, specifically through his work inonline brand protection market.  Our other offerings include risk management services, custom app software development web design, graphic design, web development(serialization/T&T) and webmaster/customer service.  Mr. Keller also has significant experience in search engine marketing, affiliate marketing, investor relations, public relationsprint technology services (forensics, labels and business planning after having successfully developed several business ventures.  Jonas Klippenstein, as Vice President, supports Mr. Keller,hangtags).

For the fiscal year ending April 30, 2016, we had a net loss of $125,638.
Dorado Equity Purchase Agreement and brings important executive and management experience and a n understandingRegistration Rights Agreement
This prospectus includes the resale of resource management pertainingup to large collaborative projects mainly due to his experiences managing employees and budgets as President and Director of Highland Security Group Ltd. for the past 13 years. We anticipate that our eventual sales and development force will be composed of employees and independent contractors involved in computer software technology and Apple, Inc. technology fields that will enhance our corporate image, provide valuable insights into our merchandising, and heighten our understanding10,000,000 shares of our target market.


NEITHER APPLE, INC. NOR ANY OF ITS AFFILIATES HAVE APPROVED, DISAPPROVED OR HAS BEEN MADE AWARE OF THIS OFFERING. THE ONLY RELATIONSHIP BETWEEN APPLE, INC. AND THE COMPANY IS CONTRACTUAL AND THE SPECIFIC TERMS OF THAT RELATIONSHIP ARE SET FORTH IN OUR LICENSE AGREEMENT WITH APPLE, INC. NEITHER APPLE, INC. NOR ANY OF ITS AFFILIATES (I) OWES ANY FIDUCIARY DUTIES TO THE COMPANY, (II) IS RESPONSIBLE FOR THE MANAGEMENT OF THE COMPANY OR ANY OF THE OBLIGATIONS OR LIABILITIES OF THE COMPANY NOR (III) OWES ANY DUTIES TO ANY SECURITY HOLDER OF THE COMPANY. APPLE, INC. AND ITS AFFILIATES HAVE NO OBLIGATIONS TO GRANT ANY NEW LICENSES TO THE COMPANY OR TO MAINTAIN OUR CURRENT LICENSE AGREEMENT.



common stock by Dorado. Dorado will obtain our common stock pursuant to the Purchase Agreement entered into by Dorado and us, dated November 4, 2016.


SUMMARY OF THIS OFFERING


 Summary of the Offering
Shares currently outstanding:51,988,237 common shares

The Issuer

Appiphany Technologies Holdings Corp.

Shares being offered:

Securities being offered

UpThe selling stockholder identified in this prospectus may offer and sell up to 2,700,00010,000,000 shares of Common Stock is being offeredour common stock, which will consists of up to 10,000,000 shares of common stock to be sold by Dorado pursuant to the Purchase Agreement. If issued presently, the 10,000,000 shares of common stock registered for saleresale by the Company, this represents approximately 46%Dorado would represent 16.13% of the currentlyour issued and outstanding shares of the Company's Common Stock. Our Common Stock is described in further detail in the sectioncommon stock as of this prospectus titled “DESCRIPTION OF SECURITIES.”

December 7, 2016.

Per ShareOffering Price

per share:

$0.05

No Public Market

There is no public market for our Common Stock. We cannot give any assurance thatThe selling stockholders may sell all or a portion of the shares being offered will have apursuant to this prospectus at fixed prices and prevailing market value, or that they can be resold at the offered price if and when an active secondary market might develop, or that a public market for our securities may be sustained even if developed. The absence of a public market for our stock will make it difficult to sell your shares. We intend to apply to the OTCBB, through a market maker that is a licensed broker dealer, to allow the trading of our Common Stock upon our becoming a reporting entity under the Securities Exchange Act of 1934.

Duration of Offering

The shares are offered for a period not to exceed 180 days, unless extended by our Board of Directors for an additional 90 days.

Number of shares Outstanding before the Offering

There are 5,900,000 shares of Common Stock issued and outstanding as of February 2, 2011 ..

Registration Costs

We estimate our total costs relating to the registration herein be approximately $11,510.70.

Net Proceeds to the Company

The Company is offering a maximum 2,700,000 shares of Common Stock, $.001 par value at an offering price of $0.05 per Share for net proceeds to the Company at $135,000. The full subscription price will be payableprices at the time of subscription and accordingly, funds received from subscribers in this Offeringsale, at varying prices or at negotiated prices.

Use of Proceeds:We will be released to the Company when subscriptions are received and accepted.


No assurance can be given that the netnot receive any proceeds from the total numbersale of the shares of our common stock by the selling stockholders. However, we will receive proceeds from our initial sale of shares offered hereby or any lesser net amountto Dorado, pursuant to the Purchase Agreement. We will be sufficient to accomplish our goals. If proceeds frompay for expenses of this offering, are insufficient, we may be requiredexcept that the selling stockholders will pay any broker discounts, commissions, or equivalent expenses applicable to seek additional capital. No assurance can be given that we will be able to obtain such additional capital, or even if available, that such additional capital will be available on terms acceptable to us.

the sale of their shares.

Use of Proceeds

OTC Markets Symbol:

We will use the proceeds to pay administrative expenses, the implementation of our business plan, and working capital.

APHD

Risk factors

Factors:

An investment in our Common Stock involves a high degree of risk. You should carefully consider the risk factors set forth under “Risk Factors” section hereunderSee "Risk Factors" beginning on page 5 and the other information contained in this prospectus for a discussion of the factors you should consider before making an investment decision regardingdeciding to invest in shares of our Common Stock.

common stock.





4

Financial Summary
The tables and information below are derived from our audited consolidated financial statements for the 12 months ended April 30, 2016. Our total stockholder's deficit as of April 30, 2016 was ($475,875).  As of April 30, 2016, we had cash on hand of $323.
 Year End Year End 
 April 30, April 30, 
 2016 2015 
     
Cash $323  $- 
Total Assets  1,327   126 
Total Liabilities  477,202   586,807 
Total Stockholder's Equity (Deficit) $(475,875) $(586,681)
Statement of Operations
 Year End Year End 
 April 30, April 30, 
 2016 2015 
     
Revenue $904  $258 
Total Expenses  (197,211)  (233,774)
Net Loss for the Period $(125,638) $(797,865)
Net Loss per Share $(0.01) $(1.00)
RISK FACTORS


An

This investment in our Common Stock involveshas a high degree of risk. YouBefore you invest you should carefully consider the risks and uncertainties described below and the other information in this prospectus before investing in our Common Stock.prospectus. If any of the following risks actually occur, our business, operating results and financial condition could be seriously harmed. Currently, sharesharmed and the value of our Common Stockstock could go down. This means you could lose all or a part of your investment.

Special Information Regarding Forward-Looking Statements
Some of the statements in this prospectus are "forward-looking statements." These forward-looking statements involve certain known and unknown risks, uncertainties and other factors which may cause our actual results, performance or achievements to be materially different from any future results, performance or achievements expressed or implied by these forward-looking statements. These factors include, among others, the factors set forth herein under "Risk Factors." The words "believe," "expect," "anticipate," "intend," "plan," and similar expressions identify forward-looking statements. We caution you not to place undue reliance on these forward-looking statements. We undertake no obligation to update and revise any forward-looking statements or to publicly traded. announce the result of any revisions to any of the forward-looking statements in this document to reflect any future or developments. However, the Private Securities Litigation Reform Act of 1995 is not available to us as a non- reporting issuer. Further, Section 27A(b)(2)(D) of the Securities Act and Section 21E(b)(2)(D) of the Securities Exchange Act expressly state that the safe harbor for forward looking statements does not apply to statements made in connection with an initial public offering.
RISKS RELATED TO OUR COMPANY

Because we may never earn revenues from our operations, our business may fail and investors may lose all of their investment in our company.

In addition to other information in this current report, the eventfollowing risk factors should be carefully considered in evaluating our business because such factors may have a significant impact on our business, operating results, liquidity and financial condition.  As a result of the risk factors set forth below, actual results could differ materially from those projected in any forward-looking statements.  Additional risks and uncertainties not presently known to us, or that shares ofwe currently consider to be immaterial, may also impact our Common Stock become publicly traded,business, operating results, liquidity and financial condition.  If any such risks occur, our business, operating results, liquidity, and financial condition could be materially affected in an adverse manner. Under such circumstances, the trading price of our Common Stocksecurities could decline, due to any of these risks, and you may lose all or part of your investment. In

We have limited revenues from operations.  We have yet to generate positive earnings and there can be no assurance we will ever operate profitably. Our company has a limited operating history and has yet to launch its first commercial product.  The success of our company is significantly dependent on uncertain events, with respect to supply chain, system development, and operation of the eventsystem on the scale we currently envision.  If our Common Stock failsbusiness plan is not successful and we are not able to operate profitably, our stock may become publicly traded youworthless and investors may lose all of their investment in our Company.  Should any of the following material risks occur, our business may experience catastrophic and unrecoverable losses, as said risks may harm our current business operations, as well as any future results of operations, resulting in the trading price of our common stock declining and a partial or partcomplete loss of your investment.


RISKS RELATED TO THE OFFERING


As there  It is no minimum for our offering, ifimportant to note these risks are not the only a few persons purchase shares they will lose their investment.


Since there is no minimum with respect to the number of sharesones we face.  Additional risks not presently known or that we currently consider to be sold directly by the Company in this offering, if only a few shares are sold, weimmaterial may also impair our business operations and trading price of our common stock.

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We may not have enough capitalachieve profitability or positive cash flow.
Our ability to fully implement our business.  Inachieve and maintain profitability and positive cash flow will be dependent upon such an event, it is highly likely that any investment would be lost. As such, proceeds from this offering may not be sufficient to meet the objectives we state in this prospectus, other corporate milestones that we may set, or to avoid a “going concern” modification in future reports of our auditorsfactors as to uncertainty with respect to our ability to continue as a going concern.  Ifdeliver quality risk management and custom app development services. Based upon current plans, we fail to raise sufficient capital, we would expect to haveincur operating losses in future periods because we expect to significantly decrease operatingincur expenses whichthat will curtail the growthexceed revenues for an unknown period of our business.


Investingtime. We cannot guarantee that we will be successful in generating sufficient revenues to support operations in the Company is a highly speculative investment and could result in the loss of your entire investment.

future.


A purchase of the offered shares is significantly speculative and involves significant risks. The offered shares should not be purchased by any person who cannot afford the loss of his or her entire purchase price. The business objectives of the Company are also speculative,

We have limited operating capital and we may behave to seek additional financing.

If we are unable to satisfy those objectives. The stockholders of the Company may be unable to realize a substantial return on their purchase of the offered shares, or any return whatsoever,fund our operations and, may lose their entire investment in the Company. For this reason, each prospective purchaser of the offered shares should read this prospectus and all of its exhibits carefully and consult with their attorney, business advisor and/or investment advisor.


Since the majority of our shares of Common Stock are owned by our officers and directors, other holders of our Common Stock maytherefore, not be able to influence controlsustain future operations or support the manufacturing of the Company additional systems, we may be required to delay, reduce and/or decision making by managementcease our operations and/or seek bankruptcy protection.


We cannot assure anyone with any degree of the Company.


Our Officers and Directors, Jesse Keller and Jonas Klippenstein each beneficially owns 42.37% of our outstanding Common Stock, and collectively own 84.75% of our outstanding Common Stock. Assuming the sale of all 2,700,000 of the shares in this offering, Mr. Keller and Mr. Klippenstein will collectively own 58.14% of all shares of Common Stock of the Company. The interests of our Officers and Directors may not be, at all times, the same ascertainty that of our other shareholders. Mr. Keller and Mr. Klippenstein are not simply passive investors but are the Officers and Directors of the Company, and their interests as executives may at times be adverse to those of passive investors. Where those conflicts exist, our shareholdersany necessary additional financing will be dependent upon our Officers and Directors exercising,available on terms favorable to us, now or at any point in a manner fair to all of our shareholders, their fiduciary duties as an officer or as a member of the Company’s Board of Directors. Also, our Officers and Dir ectors have the ability to control the outcome of most corporate actions requiring shareholder approval, including the sale of all or substantially all of our assets, amendments to our Articles of Incorporation and the election of directors. This concentration of ownership may also have the effect of delaying, deferring or preventing a change of control of us, whichfuture.  It may be disadvantageousa significant challenge to minority shareholders.


Purchasers in this offering will experience immediateraise additional funds and substantial dilution inthere can be no assurance as to the book value of their investment.


The offering price of our Common Stock is substantially higher than the net tangible book value per share of our outstanding Common Stock immediately after this offering. Therefore, if you purchase our Common Stock in this offering, you will incur immediate dilution of $0.03 in net tangible book value per share from the price you paid.


We may need additional capital in the future, and the saleavailability of additional sharesfinancing or other equity securities could result inthe terms upon which additional dilution to our stockholders.


We believe that our current cash and cash equivalents, anticipated cash flow from operations and the net proceeds from this offering will onlyfinancing may be available. Even if we raise sufficient to meet our anticipated cash needs for the next 8-10 months. We may require additional cash resources due to changed business conditions or other future developments. If our resources are insufficient to satisfy our cash requirements, we may seek to sellcapital through additional equity or debt financings, strategic alternatives or otherwise, there can be no assurance the revenue or capital infusion will be sufficient to enable us to develop our business to a level where it will be profitable or generate positive cash flow.


If we raise additional funds through the issuance of equity or convertible debt securities, the percentage ownership of our stockholders could be significantly diluted, and these newly issued securities may have rights, preferences or privileges senior to those of existing stockholders; and if we incur additional debt, a substantial portion of our operating cash flow may be dedicated to the payment of principal and interest on such indebtedness, thus limiting funds available for our business activities. The terms of any debt securities issued could also impose significant restrictions on our operations.

If we and our suppliers cannot obtain financing under favorable terms, and our clients are not able to receive the requisite guarantees for payment to us, our business may be negatively impacted.

Markets for stock are highly volatile.

As a credit facility. The saleresult of additional equity securities wouldmarket volatility in the U.S. and in international stock markets since 2008, a high degree of uncertainty has been seen in the markets, which may result in additional dilutionan increase in the return required by investors, with respect to their expectations for the financing of our stockholders. The incurrenceprojects. Current and ongoing global conditions could lead to an extended recession in the U.S. and around the world.  We currently have no revenue producing assets, which may have a materially adverse impact on our business and financial conditions and results, which places our investors at risk.
Capital and credit markets continue to be unpredictable and the availability of indebtedness would result infunds from those markets is extremely uncertain.  Further, arising from concerns about the stability of financial markets generally and the solvency of borrowers specifically, the cost of accessing the credit markets has increased debt service obligationsas many lenders have raised interest rates, enacted tighter lending standards or altogether ceased to provide funding to borrowers. Due to these capital and could result in operating and financing covenantscredit market conditions, we cannot be certain that would restrict our operations. We cannot assure you that financingfunding will be available to us in amounts or on terms acceptablethat we believe are acceptable.

The market price of our common stock may be adversely affected by market conditions affecting the stock markets in general, including price and trading fluctuations on OTC Markets.  Market conditions may result in volatility in the level of, and fluctuations in, the market prices of stocks generally and, in turn, our common stock and sales of substantial amounts of our common stock in the market, in each case being unrelated or disproportionate to us, if at all.



changes in our operating performance.


As

The overall weakness in the economy has recently contributed to the extreme volatility of the markets which may have an effect on the market price of our common stock. Our stock price has been and could remain volatile, which could further adversely affect the market price of our stock, our ability to raise additional capital and/or cause us to be subject to securities class action litigation.
We may also be subject to additional securities class action litigation as a result of volatility in the concurrent offering by the Company and by selling shareholders, we may not be able to sell the shares being offered by us which will reduce the amountprice of capital available for our operations.


The Company and selling shareholders will be offering shares of the Company’s common stock, at the same time. The salewhich could result in substantial costs and a significant diversion of shares by the selling shareholders is not contingent upon the Company selling a minimum numbermanagement's time and attention and intellectual and capital resources and could harm our stock price, business, prospects, and results of its shares. Due to the concurrent offering, the Company and selling shareholders may be competing for potential investors. While we do not believe we will be approaching the same potential investors, we may inadvertently do so and if there is a conflict, it is possible that we may not be able to fully subscribe our offering. In that event, the overall proceeds to the Company from our offering may be decreased which would decrease the amount of capital available for our business operations. Further, sales


Sales of a substantialsignificant number of shares of our common stock could depress the market price of our common stock, which could happen in the public market at any time.  These sales, or the market perception that the holders of a large number of shares intend to sell shares, could reduce the market price of our common stock.  Should industry analysts choose not to publish or any time discontinue reporting on us, our business or our market, or if they change their recommendations regarding our stock adversely, our stock price and trading volume could decline.  Also, the trading market for our common stock will be influenced by the selling stockholders could impairresearch and reports that industry or securities analysts may publish about us, our ability to raise capital throughbusiness, our market or our competitors. If any of the sale of additional equity securities.


Youanalysts who may have limited access to informationcover us change their recommendation regarding our business becausestock adversely, or provide more favorable relative recommendations about our competitors, our stock price would likely decline.

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We may become subject to litigation.

There is the potential that we could be party to disputes for which an adverse outcome could result in us incurring significant expenses, being liable for damages, and subject to indemnification claims.  In connection with any disputes or litigation in which we are a limited reporting company exempt from many regulatory requirementsinvolved, we may be forced to incur costs and our obligations to file periodic reportsexpenses in connection with defending ourselves or in connection with the SEC could be automatically suspended under certain circumstances.


payment of any settlement or judgment or compliance with any injunctions in connection, therewith, if there is an unfavorable outcome.  The Company will not become a fully reporting company but rather, will be subject to the reporting requirementsexpense of Section 15(d) of the Securities Exchange Act of 1934.  We will not have a class of securities registered under Section 12 of the Exchange Act and will not be subject to the greater reporting obligations under said Section.  As of effectiveness of our registration statement of which this prospectus is a part, we will be required to file periodic reports with the SEC which will be immediately available to the public for inspection and copying (see “Where You Can Find More Information” elsewhere in this prospectus). Except during the year that our registration statement becomes effective, these reporting obligationsdefending litigation may be automatically suspended under Section 15(d) if we have less than 300 shareholders. If this occurs aftersignificant, as is the year in which our registration statement becomes effective, we will no longer be obligatedamount of time to file periodic reports withresolve lawsuits unpredictable and defending ourselves may divert management's attention from the SEC and your access to our business information would then be even more restricted.


RISKS RELATED TO OUR BUSINESS


The scopeday-to-day operations of our business, is currently limited to customers using Apps for the iPhone, iPod Touch, and the iPad manufactured and marketed by Apple, Inc.


Although we intend to become a more diversified technologies company, the majority of our current business is based upon Apps that we create and provide to customers and third-party businesses utilizing Apps designed for the iPhone, iPod Touch, and iPad manufactured and marketed by Apple, Inc. Because the Apps we currently develop are limited to use on very specific products, if we fail to market our Company and Apps effectively, or if we fail to adequately anticipate, gauge and respond to our existing and potential customers' needs with our Apps, the Company would be adversely affected.


Furthermore, if the demand for Apps and App development for the iPhone, iPod, iPod Touch, and iPad were to decrease, or if Apple, Inc. were to change their App technology, our company could be adversely affected.


Our business is heavily dependent on the License Agreement we have in place with Apple, Inc. and we have only received nominal revenues from the sale of our Apps upon which we base our business plan.


The Company's operations are materially dependent on the terms and conditions of the License Agreement with Apple, Inc. The License Agreement permits the Company to use and exploit certain proprietary property and concepts owned or controlled by Apple, Inc., including the Apple iPhone, iPod, iPod Touch, and iPad brand names, trade dress and trademarks. In the event that the Company is unable to comply with the terms and conditions of the License Agreement in the future, it would have a material adverse impact on the Company's operations. We have received nominal revenues from the sale of our Apps.


Our business is heavily dependent on Apple, Inc.

The Company's success depends upon the popularity of the iPhone, iPod, iPod Touch, and iPad, for which it is authorized to develop Apps. If consumer preferences for these products change, or the Company is unable to obtain clients who require App development, the Company's sales could decline and its results could be adversely affected.  Because the Company’s main focus is on App development, the Company currently is particularly dependent upon the continued popularity of products offered by Apple, Inc. and on Apple's ability to provide it with a growing market. Additionally, the Company is highly dependent on the allowance by Apple, Inc. of third-party developers to design develop and upload Apps into the App Store.  If Apple, Inc. were to not allow third-party developers of Apps, or if Apple, Inc. were to not select our Apps for inclusion in the App Store, our Company could be adversely affected.





If we are unable to attract new customers, or if our existing customers do not purchase additional products or services, the growth of our business and cash flows will be adversely affected.


To increase our revenues and cash flows, we must regularly add new customers and, to a somewhat lesser extent, sell additional products and services to our existing customers. If we are unable to sell our products and services to customers that have been referred to us, unable to generate sufficient sales leads through our marketing programs, or if our existing or new customers do not perceive our Apps to be of sufficiently high value and quality, we may not be able to increase sales and our operating results would be adversely affected. In addition, if we fail to sell new products and services to existing or new customers, our operating results will suffer, and our revenue growth, cash flows and profitability may be materially and adversely affected.


We may experience service failures or interruptions due to defects in the software, infrastructure or processes that comprise our App software, any of which could adversely affect our business.


Our software may contain undetected defectsbusiness, results of operations, financial condition, and cash flows.  Additionally, an unfavorable outcome in the software, infrastructure or processes. If these defects lead to failures in our Apps, we could experience delays or lost revenues during the period required to correct the cause of the defects. Furthermore, we cannot be certain that defects will not be found in new software or upgraded existing software or that service disruptions will not occur in the future, resulting in loss of, or delay in, market acceptance, whichany such litigation could have ana material adverse effect on our business, results of operations, financial condition and financial condition.

cash flows.


If we do not successfully maintain

Product liability or defects could also negatively impact our results of operations.  The risk of product liability claims and associated adverse publicity is possible in the Appiphany brand indevelopment, manufacturing, marketing, and sale of our existing marketsproduct offerings.  Any liability for damages resulting from malfunctions or successfully market the Appiphany brand in new markets, our revenues and earningsdesign defects could be substantial and could materially adversely affect our business, financial condition, results of operations and prospects.

Also, a highly-publicized problem, whether actual or perceived, could adversely affected.


We believe that developing, maintaining and enhancingaffect the Appiphany brandmarket's perception of our product, resulting in a cost-effective manner is criticaldecline in expandingdemand for our customer base. Someproduct and could divert the attention of our competitors have well-established brands. Promotionmanagement, having a materially adverse effect our business, financial condition, results of our brand will depend largelyoperations and prospects.


Our success depends on continuing our salesattracting and marketing efforts and providing high-quality products and App software to our customers. We cannotretaining key personnel.

Our future plans could be assured that these efforts will be successful in marketing the Appiphany brand. Ifharmed if we are unable to successfully promoteattract or retain key personnel, and our brand, or if we incur substantial expenses in attempting to do so, our revenues and earnings could be materially and adversely affected.


If we are unable to adapt our products and App software to rapid technological change, our revenues and profits could be materially and adversely affected.


Rapid changes in technology, products, services, customer requirements and operating standards occur frequently, especially within the technologies of Apple brand products. These changes could render our proprietary technology and systems obsolete. Any technological changes that reduce or eliminate the need for Apps that connect iPhone, iPod, iPod Touch, and iPad App creators with their target markets could harm our business. We must continually improve the performance, features and reliability of our App software, particularly in response to our competition.


Ourfuture success will depend, in part, on our ability to:


·

enhanceto attract and retain qualified management and technical personnel.  Equally, our existing products and services;

·

develop new products, services and technologies that addresssuccess depends on the increasingly sophisticated and varied needsability of our target markets;management and

·

employees to interpret market data correctly and to interpret and respond to technological advanceseconomic market and emerging industry standardsother conditions in order to locate and practices on a cost-effectiveadopt appropriate investment opportunities, monitor such investments, and timely basis.


ultimately, if required, to successfully divest such investments.  Further, no assurance can be given that our key personnel will continue their association or employment with us or that replacement personnel with comparable skills can be found. We have sought to and will continue to ensure that management and any key employees are appropriately compensated, however, their services cannot be certain of our success in accomplishing the foregoing.guaranteed. If we are unable for technical, legal, financial or other reasons, to adapt to changing market conditions or buyer requirements, our market share, business and operating results could be materially and adversely affected.


We may be subject to claims that we or our technologies infringe upon the intellectual property or other proprietary rights of a third-party. Any such claims may require us to incur significant costs, to enter into royalty or licensing agreements or to develop or license substitute technology, which may harm our business.


We may in the future be subject to claims that our technologies infringe upon the intellectual property or other proprietary rights of a third-party. While we believe that our products do not infringe upon the proprietary rights of third parties, we cannot guarantee that third parties will not assert infringement claims against us in the future, particularly with respect to technology that we acquire through acquisitions of other companies. We might not prevail in any intellectual property infringement litigation, given the complex technical issues and inherent uncertainties in such litigation. Defending such claims, regardless of their merit, could be time-consuming and distracting to management, result in costly litigation or settlement, cause development delays, or require us to enter into royalty or licensing agreements.





Our failure to raise additional capital or generate cash flows necessary to expand our operations and invest in new technologies could reduce our ability to compete successfully and adversely affect our results of operations.


We may need to raise additional funds to achieve our future strategic objectives, and we may not be able to obtain additional debt or equity financing on favorable terms, if at all. If we raise additional equity financing, our security holders may experience significant dilution of their ownership interests and the value of shares of our common stock could decline. If we engage in debt financing, we may be required to accept terms that restrict our ability to incur additional indebtedness, force us to maintain specified liquidity or other ratios or restrict our ability to pay dividends or make acquisitions. If we need additional capital and cannot raise it on acceptable terms, we may not be able to, among other things:


·

develop and enhance our existing products and services;

·

continue to expand our technology development, sales and/or marketing organizations;

·

hire, train and retain employees; or

·

respond to competitive pressures or unanticipated working capital requirements.


Our inability to do any of the foregoing could reduce our ability to compete successfully and adversely affect our results of operations.


We have a “going concern” opinion from our auditors, indicating the possibility that we may not be able to continue to operate.

Our independent registered public accountants have expressed substantial doubt about our ability to continue as a going concern. This opinion could materially limit our ability to raise additional funds by issuing new debt or equity securities or otherwise. If we fail to raise sufficient capital when needed, we will not be able to complete our proposed business. As a result we may have to liquidate our business and you may lose your investment. You should consider our independent registered public accountant’s comments when determining if an investment in Appiphany Technologies Holdings Corp. is suitable.


If we fail to attract and retain key personnel, our business may suffer.

be adversely affected.


Given

We do not know whether we will be successful in hiring or retaining qualified personnel, and our inability to hire qualified personnel on a timely basis, or the complex naturedeparture of key employees, could materially and adversely affect our development and profitable commercialization plans, our business prospects, results of operations, and financial condition.

Should we fail to maintain an effective system of internal controls, we may not be able to accurately report our financial results or prevent fraud, which could harm our brand and operating results. Our compliance with the annual internal control report requirement for each fiscal year will depend on the effectiveness of our financial reporting and data systems and controls.  Inferior internal controls could cause investors to lose confidence in our reported financial information, which could have a negative effect on the trading price of our stock and our access to capital. In addition, our internal control systems rely on people trained in the execution of the technology on whichcontrols.  Loss of these people or our business is basedinability to replace them with similarly skilled and the speed with which such technology advances,trained individuals or new processes in a timely manner could adversely impact our future success is dependent, in large part, uponinternal control mechanisms.

The requirements of being a public company may strain our resources, divert management's attention and affect our ability to attract and retain highly qualified managerial, technicalboard members and sales personnel. In particular, Jesse Keller,officers.  Compliance with these rules and regulations increase our Presidentlegal and Chief Executive Officer,financial compliance costs, make some activities more difficult, time-consuming or costly and Jonas Klippenstein, our Vice President, are critical to the management of our business and operations. If we lose the services of either of our executive officers, our financial condition and results of operations could be materially and adversely affected. Our success also depends upon our ability to identify, hire and retain other highly skilled technical, managerial, editorial, sales, marketing and customer service professionals. Competition for such personnel is intense. We cannot be certain of our ability to identify, hire and retain adequately qualified personnel. Failu re to identify, hire and retain necessary key personnel could have a material adverse effectincrease demand on our businesssystems and results of operations.

resources.


Our President has other outside business activities, which only allow him to devote only 30 hours per week to the Company. These minimal time commitments may result in periodic interruptions or business failure. The Company’s Vice-President has other outside business activities, thus he is only able to devote 5 hours of his time per week to the Company.


Our President and Chief Executive Officer, Jesse Keller, has other outside business activities, but he is committed to devote approximately 30 hours per week to

Protecting our operations. Additionally, our Vice President, Jonas Klippenstein will only be devoting 5 hours per week to the affairs of the Company. Our operations may be sporadic and occur at times when Messrs. Keller and Klippenstein, are unavailable, this may lead to the periodic interruption in the implementation of our business plan. Such delays could have a significant negative effect on the success of the business.


Because our management does not have direct experience in application development, debugging or distribution, we may not be able to compete with competitors having experienced management, and we may need to hire outside consultants.


Our management has no direct experience in App development, debugging or distribution, which may lead to an inability to successfully identify and respond to trends or business conditions in an adequate mannerintellectual property is necessary to ensure that the Company's plan of operations is successfully implemented. protect our brand.


We may not be able to adequately address risksprotect important intellectual property and difficulties, whichwe could materially harmincur substantial costs defending against claims that our products infringe on the proprietary rights of others.  Our ability to compete effectively will depend, in part, on our ability to protect our proprietary system-level technologies, systems designs, and manufacturing processes.

We will rely on patents, trademarks, and other policies and procedures related to confidentiality to protect our intellectual property. However, some of our intellectual property is not covered by any patent or patent application.  We could incur substantial costs in prosecuting or defending patent infringement suits or otherwise protecting our intellectual property rights.  While we have attempted to safeguard and maintain our proprietary rights, we do not know whether we have been or will be completely successful in doing so.  Moreover, patent applications and enforcement, thereof, filed in foreign countries may be subject to laws, rules and procedures that are substantially different from those of the United States, and any resulting foreign patents may be difficult and expensive to enforce.   We could incur substantial costs in prosecuting or defending trademark infringement suits.
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Further, our competitors may independently develop or patent technologies or processes that are substantially equivalent or superior to ours.  In the event we are found to be infringing third party patents, we could be required to pay substantial royalties and/or damages, and we do not know whether we will be able to obtain licenses to use such patents on acceptable terms, if at all.

Failure to obtain needed licenses could delay or prevent the development, manufacture, or sale of our products, and services, business plan,could necessitate the expenditure of significant resources to develop or acquire non-infringing intellectual property.

Asserting, defending and results of operations. Additionally,maintaining our intellectual property rights could be difficult and costly and failure to do so may diminish our ability to compete effectively and may harm our operating results.  As a result, we may need to retain outside consultantspursue legal action in the future to assistenforce our intellectual property rights, to protect our trade secrets and domain names, and to determine the Companyvalidity and scope of the proprietary rights of others.  If third parties prepare and file applications for trademarks used or registered by us, we may oppose those applications and be required to participate in proceedings to determine the priority of rights to the trademark.

Similarly, competitors may have filed applications for patents, may have received patents and may obtain additional patents and proprietary rights relating to products or technology that block or compete with its application development, debugging and distributionours.  We may have to participate in interference proceedings to determine the priority of invention and the Company mightright to a patent for the technology.

Confidentiality agreements to which we are party may be negatively impacted by the costsbreached, and risks of hiring a consultant. You must considerwe may not have adequate remedies for any breach.  Also, our business prospects in light of the risks and difficulties we will encounter in the future.





Government regulation of the Internet and e-commerce is evolving, and unfavorable changes or our failure to comply with regulations could harm our operating results.


As Internet commerce continues to evolve, increasing regulation by federal, state or foreign agencies becomes more likely. For example, we believe increased regulation is likely in the area of data privacy, and laws and regulations applying to the solicitation, collection, processing or use of personal or consumer information could affect our customers’ ability to use and share data, potentially reducing demand for our products. In addition, taxation of products and services provided over the Internet or other charges imposed by government agencies or by private organizations for accessing the Internettrade secrets may also be imposed. Any regulation imposing greater fees for Internet useknown without breach of such agreements or restricting information exchange overmay be independently developed by competitors.  Inability to maintain the Internetproprietary nature of our technology and processes could resultallow our competitors to limit or eliminate any competitive advantages we may have.


As part of our business strategy, we intend to consider acquisitions of companies, technologies and products that we believe could improve our ability to compete in a decline in the useour core markets or allow us to enter new markets.  Acquisitions, involve numerous risks, any of the Internet and the viability of Internet-based services and product offerings, which could harm our business, including, difficulty in integrating the technologies, products, operations and operating results.

existing contracts of a target company and realizing the anticipated benefits of the combined businesses; difficulty in supporting and transitioning customers, if any, of the target company; inability to achieve anticipated synergies or increase the revenue and profit of the acquired business; potential disruption of our ongoing business and distraction of management; the price we pay or other resources that we devote may exceed the value we realize; or the value we could have realized if we had allocated the purchase price or other resources to another opportunity and inability to generate sufficient revenue to offset acquisition costs.


If we finance acquisitions by issuing equity securities, our existing stockholders may be diluted; and as a result, if we fail to properly evaluate acquisitions or investments, we may not achieve the anticipated benefits of any such acquisitions, and we may incur costs in excess of what we anticipate.

RISKS RELATING TO THEASSOCIATED WITH OUR COMMON STOCK



If we issue additional shares in the future our existing shareholders will experience dilution.


Our certificate of incorporation authorizes the issuance of up to 1,000,000,000 shares of common stock with a par value of $0.001. Our board of directors may choose to issue some or all of such shares to acquire one or more businesses or to provide additional financing in the future. The Company’s stock price may be volatile.


Theissuance of any such shares will result in a reduction of the book value and market price of the Company’s Common Stock is likely tooutstanding shares of our common stock. If we issue any such additional shares, such issuance will cause a reduction in the proportionate ownership and voting power of all current shareholders. Further, such issuance may result in a change of control of our corporation.

Trading on the OTC Markets may be highly volatile and sporadic, which could fluctuate widely in price in response to various potential factors, many of which will be beyond the Company’s control, including the following:


·

services by the Company or its competitors;

·

additions or departures of key personnel;

·

the Company’s ability to execute its business plan;

·

operating results that fall below expectations;

·

loss of any strategic relationship;

·

industry developments;

·

economic and other external factors; and

·

period-to-period fluctuations in the Company’s financial results.


In addition, the securities markets have from time to time experienced significant price and volume fluctuations that are unrelated to the operating performance of particular companies. These market fluctuations may also materially and adversely affectdepress the market price of the Company’sour common stock.


As a public company, we will incur substantial expenses.


Upon declared effectiveness of this Registration Statement by the SEC, we will then become subject to the information and reporting requirements of the U.S. securities laws. The U.S. securities laws require, among other things, review, audit, and public reporting of our financial results, business activities, and other matters. Recent SEC regulation, including regulation enacted as a result of the Sarbanes-Oxley Act of 2002, has also substantially increased the accounting, legal, and other costs related to becoming and remaining an SEC reporting company. If we do not have current information about our company available to market makers, they will not be able to trade our stock. The public company costs of preparing and filing annual and quarterly reports, and other information with the SEC and furnishing audited reports to stockholders, will cause our expenses to be higher than they would be if we were privately-held. In addition, we are incurring substan tial expenses in connection with the preparation of this Registration Statement. These increased costs may be material and may include the hiring of additional employees and/or the retention of additional advisors and professionals. Our failure to comply with the federal securities laws could result in private or governmental legal action against us and/or our officers and directors, which could have a detrimental effect on our business and finances, the value of our stock and the ability ofmake it difficult for our stockholders to resell their shares.

Our common stock is quoted on OTC Markets. Trading in stock quoted on OTC Markets is often thin and characterized by wide fluctuations in trading prices due to many factors that may have little to do with our operations or business prospects. This volatility could depress the market price of our common stock for reasons unrelated to operating performance. Moreover, OTC Markets is not a stock exchange, and trading of securities on the OTC Markets is often more sporadic than the trading of securities listed on a quotation system like NASDAQ or a stock exchange like the American Stock Exchange. Accordingly, our shareholders may have difficulty reselling any of their shares.
Our stock is a penny stock.


FINRA Trading of our stock may be restricted by the SEC's penny stock regulations and FINRA's sales practice requirements, which may limit a stockholder’sstockholder's ability to buy and sell our stock.


Our stock is a penny stock. The Financial Industry Regulatory Authority (“FINRA”)Securities and Exchange Commission has adopted rulesRule 15g-9 which generally defines "penny stock" to be any equity security that relatehas a market price (as defined) less than $5.00 per share or an exercise price of less than $5.00 per share, subject to certain exceptions. Our securities are covered by the application of the SEC’s penny stock rules, which impose additional sales practice requirements on broker-dealers who sell to persons other than established customers and "accredited investors". The term "accredited investor" refers generally to institutions with assets in trading our securitiesexcess of $5,000,000 or individuals with a net worth in excess of $1,000,000 or annual income exceeding $200,000 or $300,000 jointly with their spouse. The penny stock rules require a broker-dealer, prior to a transaction in a penny stock not otherwise exempt from the rules, to deliver a standardized risk disclosure document in a form prepared by the SEC which provides information about penny stocks and the nature and level of risks in the penny stock market. The broker-dealer also must provide the customer with current bid and offer quotations for the penny stock, the compensation of the broker-dealer and its salesperson in the transaction and monthly account statements showing the market value of each penny stock held in the customer's account. The bid and offer quotations, and the broker-dealer and salesperson compensation information, must be given to the customer orally or in writing prior to effecting the transaction and must be given to the customer in writing before or with the customer's confirmation. In addition, the penny stock rules require that prior to a broker/dealertransaction in a penny stock not otherwise exempt from these rules, the broker-dealer must make a special written determination that the penny stock is a suitable investment for the purchaser and receive the purchaser's written agreement to the transaction. These disclosure requirements may have the effect of reducing the level of trading activity in the secondary market for the stock that is subject to these penny stock rules. Consequently, these penny stock rules may affect the ability of broker-dealers to trade our securities. We believe the penny stock rules discourage investor interest in, and limit the marketability of, our common stock.
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FINRA sales practice requirements may also limit a stockholder's ability to buy and sell our stock.
In addition to the "penny stock" rules promulgated by the Securities and Exchange Commission (see above for a discussion of penny stock rules), FINRA rules require that in recommending an investment to a customer, a broker-dealer must have reasonable grounds for believing that the investment is suitable for that customer, prior to recommending the investment.customer. Prior to recommending speculative low priced securities to their non-institutional customers, broker/dealersbroker-dealers must make reasonable efforts to obtain information about the customer’scustomer's financial status, tax status, investment objectives and other information.


Under interpretations of these rules, the FINRA believes that there is a high probability that speculative low priced securities will not be suitable for at least some customers. The FINRA requirements make it more difficult for broker/dealersbroker-dealers to recommend that their customers buy our common stock, which may have the effect of reducing the level of trading activity and liquidity of our common stock. Further, many brokers charge higher transactional fees for penny stock transactions. As a result, fewer broker/dealers may be willing to make a market in our common stock, reducing a shareholder’slimit your ability to resell shares ofbuy and sell our common stock.





We may be exposed to potential risks resulting from new requirements under Section 404 of the Sarbanes-Oxley Act of 2002.


In addition to the costs of compliance with having our shares listed on the OTCBB, there are substantial penalties that could be imposed upon us if we fail to comply with all of regulatory requirements. In particular, under Section 404 of the Sarbanes-Oxley Act of 2002 we will be required, beginning with our fiscal year ending April 30, 2010, to include in our annual report our assessment of the effectiveness of our internal control over financial reporting as of the end of fiscal 2010. Furthermore, our independent registered public accounting firm will be required to attest to whether our assessment of the effectiveness of our internal control over financial reporting is fairly stated in all material respectsstock and separately report on whether it believes we have maintained, in all material respects, effective internal control over financial reporting. We have not yet completed our assessment of the effectiveness of our internal control over financial repo rting. We expect to incur additional expenses and diversion of management’s time as a result of performing the system and process evaluation, testing and remediation required in order to comply with the management certification and auditor attestation requirements.


If a market for our Common Stock does not develop, shareholders may be unable to sell their shares.


A market for our Common Stock may never develop. We intend to contact an authorized OTC Bulletin Board market-maker for sponsorship of our securities on the OTC Bulletin Board. However, there is no guarantee that our shares may never be traded on the bulletin board, or, if traded, a public market may not materialize and investors may not be able to re-sell the shares of our Common Stock that they have purchased and may lose all of their investment.


The Company’s common stock is currently deemed to be “penny stock”, which makes it more difficult for investors to sell their shares.


The Company’s common stock is and will be subject to the “penny stock” rules adopted under section 15(g) of the Exchange Act. The penny stock rules apply to companies whose common stock is not listed on the NASDAQ Stock Market or other national securities exchange and trades at less than $5.00 per share or that have tangible net worth of less than $5,000,000 ($2,000,000 if the company has been operating for three or more years). These rules require, among other things, that brokers who trade penny stock to persons other than “established customers” complete certain documentation, make suitability inquiries of investors and provide investors with certain information concerning trading in the security, including a risk disclosure document and quote information under certain circumstances. Many brokers have decided not to trade penny stocks because of the requirements of the penny stock rules and, as a result, the number of broker-de alers willing to act as market makers in such securities is limited. If the Company remains subject to the penny stock rules for any significant period, it could have an adverse effect on the market for our shares.


RISKS RELATED TO THE OFFERING
Our existing stockholders may experience significant dilution from the sale of our common stock pursuant to the Dorado Purchase Agreement.
The sale of our common stock to Dorado Investments, LLC in accordance with the Purchase Agreement may have a dilutive impact on our shareholders. As a result, the market price of our common stock could decline. In addition, the lower our stock price is at the time we exercise our put options, the more shares of our common stock we will have to issue to Dorado in order to exercise a put under the Purchase Agreement. If our stock price decreases, then our existing shareholders would experience greater dilution for any given dollar amount raised through the offering.
The perceived risk of dilution may cause our stockholders to sell their shares, which may cause a decline in the price of our common stock. Moreover, the perceived risk of dilution and the resulting downward pressure on our stock price could encourage investors to engage in short sales of our common stock. By increasing the number of shares offered for sale, material amounts of short selling could further contribute to progressive price declines in our common stock.
The issuance of shares pursuant to the Dorado Purchase Agreement may have a significant dilutive effect.
Depending on the number of shares we issue pursuant to the Dorado Purchase Agreement, it could have a significant dilutive effect upon our existing shareholders. Although the number of shares that we may issue pursuant to the Purchase Agreement will vary based on our stock price (the higher our stock price, the less shares we have to issue), there may be a potential dilutive effect to our shareholders, based on different potential future stock prices, if the full amount of the Purchase Agreement is realized. Dilution is based upon common stock put to Dorado and the stock price discounted to Dorado's purchase price of 75% of the lowest closing bid price during the pricing period. Dorado Investments, LLC will pay less than the then-prevailing market price of our common stock which could cause the price of our common stock to decline.
Our common stock to be issued under the Dorado Purchase Agreement will be purchased at a twenty-five (25%) discount or 75% of the lowest daily closing bid price during the five trading days immediately following our notice to Dorado of our election to exercise our "put" right.
Dorado has a financial incentive to sell our shares immediately upon receiving them to realize the profit between the discounted price and the market price. If Dorado sells our shares, the price of our common stock may decrease. If our stock price decreases, Dorado may have further incentive to sell such shares. Accordingly, the discounted sales price in the Purchase Agreement may cause the price of our common stock to decline.
We may not have access to the full amount under the Purchase Agreement.
On December 7, 2016, the closing bid price and the closing sale price of our common stock was $0.0148 based on very little volume. At that price we would be able to sell shares to Dorado under the Purchase Agreement at the discounted price of $0.0111. At that discounted price, the 10,000,000 shares registered for issuance to Dorado under the Purchase Agreement would, if sold by us to Dorado, result in aggregate proceeds of $110,000. There is no assurance the closing bid price of our common stock will remain the same as the market price or increase. We will not have access to the full commitment under the Purchase Agreement if the closing bid price falls below $2.00 per share.
9

Unless an active trading market develops for our securities, investors may not be able to sell their shares.
We are a reporting company and our common shares are quoted on OTC Markets (OTC Pink) under the symbol "APHD". However, there is not currently an active trading market for our common stock; and an active trading market may never develop or, if it does develop, may not be maintained. Failure to develop or maintain an active trading market will have a generally negative effect on the price of our common stock, and you may be unable to sell your common stock or any attempted sale of such common stock may have the effect of lowering the market price, and therefore, your investment may be partially or completely lost.
Since our common stock is thinly traded it is more susceptible to extreme rises or declines in price, and you may not be able to sell your shares at or above the price paid.
Since our common stock is thinly traded its trading price is likely to be highly volatile and could be subject to extreme fluctuations in response to various factors, many of which are beyond our control, including (but not necessarily limited to):

·the trading volume of our shares;
·the number of securities analysts, market-makers and brokers following our common stock;
·new products or services introduced or announced by us or our competitors;
·actual or anticipated variations in quarterly operating results;
·conditions or trends in our business industries;
·announcements by us of significant contracts, acquisitions, strategic partnerships, joint ventures or capital commitments;
·additions or departures of key personnel;
·sales of our common stock; and
·general stock market price and volume fluctuations of publicly-traded, and particularly microcap, companies.
Investors may have difficulty reselling shares of our common stock, either at or above the price they paid for our stock, or even at fair market value. The stock markets often experience significant price and volume changes that are not related to the Company’soperating performance of individual companies, and because our common stock is thinly traded it is particularly susceptible to such changes. These broad market changes may cause the market price of our common stock to decline regardless of how well we perform as a company. In addition, there is a history of securities class action litigation following periods of volatility in the market price of a company's securities. IfAlthough there is no such litigation currently pending or threatened against us, such a suit against us could result in the Company’s securitiesincursion of substantial legal fees, potential liabilities and the diversion of management's attention and resources from our business. Moreover, and as noted below, our shares are currently traded on the OTC Link (OTC Pink tier) and, further, are subject to the penny stock rules, investors will find it more difficult to dispose of the Company’s securities.


The elimination of monetary liability against the Company’s directors, officers and employees under Nevada law and the existence of indemnification rights to the Company’s directors, officers and employees may resultregulations. Price fluctuations in substantial expenditures by the Company and may discourage lawsuits against the Company’s directors, officers and employees.


The Company’s Articles of Incorporation contain a specific provision that eliminate the liability of directors for monetary damages to the Company and the Company’s stockholders; further, the Company is prepared to give such indemnification to its directors and officers to the extent provided by Nevada law. The Company may also have contractual indemnification obligations under its employment agreements with its executive officers. The foregoing indemnification obligations could result in the Company incurring substantial expenditures to cover the cost of settlement or damage awards against directors and officers, which the Company may be unable to recoup. These provisions and resultant costs may also discourage the Company from bringing a lawsuit against directors and officers for breaches of their fiduciary duties and may similarly discourage the filing of derivative litigation by the Company’s stockholders against the Company’s dire ctors and officers even though such actions, if successful, might otherwise benefit the Company and its stockholders.


DETERMINATION OF OFFERING PRICE


As a result of there being no established public market for our shares the offering price and other terms and conditions relative to our shares have been arbitrarily determined by the Company and do not bear any relationship to assets, earnings, book value, or any other objective criteria of value. In addition, no investment banker, appraiser, or other independent third-party has been consulted concerning the offering price for the shares or the fairness of the offering price used for the shares.


USE OF PROCEEDS


Our offering is being made in a direct public offering, without the involvement of underwriters or broker-dealers.  Appiphany Technologies Holdings Corp. expects to disburse the proceeds from this offering in the priority set forth below within the first 12 months after successful completion of this offering.





Not taking into account any possible additional funding or revenues, Appiphany Technologies Holdings Corp. intends to use the proceeds from this offering as follows. The following chart indicates the amount of funds that we will allocate to each item, but does not indicate the total fee/cost of each item.  The amount of proceeds we allocate to each item is dependent upon the amount of proceeds we receive from this offering:


Application of Proceeds

100% of

Shares Sold

50% of

Shares Sold

25% of

Shares Sold

10% of

Shares Sold

 

$

Amount

% of

Total

$

Amount

% of

Total

$

Amount

% of

Total

$

Amount

% of

Total

Total Offering Proceeds

135,000

100.00

67,500

100.00

33,750

100.00

13,500

100.00

Offering Expenses

 

 

 

 

 

 

 

 

Legal Fees and Expenses

5,000

3.70

5,000

7.41

5,000

14.81

5,000

37.04

Audit Fees and Expenses(2)

5,000

3.70

5,000

7.41

5,000

14.81

5,000

37.04

SEC Registration Fee

10.70

0.01

10.70

0.02

10.70

0.03

10.70

0.08

Transfer Agent & Registrar Fees & Expenses

500

0.37

500

0.74

500

1.48

500

3.70

Miscellaneous Expenses

1,000

0.74

1,000

1.48

1,000

2.96

1,000

7.41

Total Offering Expenses

11,500*

8.52

11,500*

17.04

11,500*

34.07

11,500*

85.19

 

 

 

 

 

 

 

 

 

Net Proceeds from Offering

123,500

91.48

56,000

82.96

22,250

65.93

2,000

14.81

 

 

 

 

 

 

 

 

 

Use of Net Proceeds

 

 

 

 

 

 

 

 

Legal and Accounting Fees

20,000

14.81

10,000

14.81

4,000

11.85

500

3.70

Business Development

25,000

18.52

12,750

18.89

4,750

14.07

300

2.22

Marketing and Advertising

15,000

11.11

6,250

9.26

3,000

8.89

300

2.22

Working Capital(1)

63,500

47.04

27,000

40.00

10,500

31.11

900

6.67

Total Use of Net Proceeds

123,500

91.48

56,000

82.96

22,250

65.93

2,000

14.81

 

 

 

 

 

 

 

 

 

Total Use of Proceeds

135,000

100.00

67,500

100.00

33,750

100.00

13,500

100.00


*Notes:  Offering expenses have been rounded to $11,500.  


(1)

The category of General Working Capital may include, but is not limited to, postage, telephone services, overnight delivery services and other general operating expenses.  Any line item amounts not expended completely shall be held in reserve as working capitalare particularly volatile and subject to reallocation to other line item expenditures as required for ongoing operations; however, offering proceedspotential manipulation by market-makers, short-sellers and option traders.


Item 4. USE OF PROCEEDS

We will not be used to repay notes payable or related party obligations.


(2)

Audit fees are strictly related to the amount of work performed by our auditor, and the percentage of shares sold in this offering has no impact on our audit fees.  If we do not raise sufficient funds from this offering to cover audit related fees, we will have to seek additional outside financing to cover such expenses.


We believe that our current cash and cash equivalents, anticipated cash flow from operations and thereceive any proceeds from the sale of the maximum amountshares of our common stock by the selling stockholders. However, we will receive proceeds from our initial sale of shares to Dorado, pursuant to the Purchase Agreement. We will pay for expenses of this offering, except that Dorado has agreed to pay legal fees associated with the preparation of this registration statement and will pay any broker discounts, commissions, or equivalent expenses applicable to the sale of their shares.


Item 5. DETERMINATION OF OFFERING PRICE

We have not set an offering price for the shares registered hereunder, as the only shares being registered are those sold pursuant to the Dorado Purchase Agreement. Dorado may sell all or a portion of the shares being offered pursuant to this prospectus at fixed prices and prevailing market prices at the time of sale, at varying prices or at negotiated prices.

Item 6. DILUTION
Not applicable. The shares registered under this registration statement are not being offered for purchase. The shares are being registered on behalf of our selling shareholders pursuant to the Dorado Purchase Agreement.
Item 7. SELLING SECURITY HOLDER

The selling stockholder identified in this prospectus may offer and sell up to 10,000,000 shares of our common stock, which consists of shares of common stock to be sold by Dorado pursuant to the Purchase Agreement. If issued presently, the shares of common stock registered for resale by Dorado would represent 16.13 % of our issued and outstanding shares of common stock as of December 7, 2016.
We may require the selling stockholder to suspend the sales of the shares of our common stock being offered pursuant to this prospectus upon the occurrence of any event that makes any statement in this prospectus or the related registration statement untrue in any material respect or that requires the changing of statements in those documents in order to make statements in those documents not misleading.
The selling stockholder identified in the table below may from time to time offer and sell under this prospectus any or all of the shares of common stock described under the column "Shares of Common Stock Being Offered" in the table below.
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Dorado will be deemed to be an underwriter within the meaning of the Securities Act. Any profits realized by such selling stockholder may be deemed to be underwriting commissions.
Information concerning the selling stockholder may change from time to time and, if necessary, we will amend or supplement this prospectus accordingly. We cannot give an estimate as to the number of shares of common stock that will actually be held by the selling stockholder upon termination of this offering, because the selling stockholders may offer some or all of the common stock under the offering contemplated by this prospectus or acquire additional shares of common stock. The total number of shares that may be sold, hereunder, will onlynot exceed the number of shares offered, hereby. Please read the section entitled "Plan of Distribution" in this prospectus.
The manner in which the selling stockholder acquired or will acquire shares of our common stock is discussed below under "The Offering."
The following table sets forth the name of each selling stockholder, the number of shares of our common stock beneficially owned by such stockholder before this offering, the number of shares to be sufficientoffered for such stockholder's account and the number and (if one percent or more) the percentage of the class to meetbe beneficially owned by such stockholder after completion of the offering. The number of shares owned are those beneficially owned, as determined under the rules of the SEC, and such information is not necessarily indicative of beneficial ownership for any other purpose. Under such rules, beneficial ownership includes any shares of our anticipated cash needscommon stock as to which a person has sole or shared voting power or investment power and any shares of common stock which the person has the right to acquire within 60 days of December 1, 2014, through the exercise of any option, warrant or right, through conversion of any security or pursuant to the automatic termination of a power of attorney or revocation of a trust, discretionary account or similar arrangement, and such shares are deemed to be beneficially owned and outstanding for computing the next 8-10 months. Our directors, Jesse Kellershare ownership and Jonas Klippenstein,percentage of the person holding such options, warrants or other rights, but are not deemed outstanding for computing the percentage of any other person. Beneficial ownership percentages are calculated based on 51,988,237 shares of our common stock outstanding as of December 7, 2016.
Unless otherwise set forth below, (a) the persons and entities named in the table have sole voting and sole investment power with respect to the shares set forth opposite the selling stockholder's name, subject to community property laws, where applicable, and (b) no selling stockholder had any position, office or other material relationship within the past three years, with us or with any of our predecessors or affiliates. The number of shares of common stock shown as beneficially owned before the offering is based on information furnished to us or otherwise based on information available to us at the timing of the filing of the registration statement of which this prospectus forms a part.

  
Shares
Owned by
the Selling
Stockholders
  
Shares of
Common
Stock
  
Number of Shares to
be Owned by Selling
Stockholder After the
Offering and Percent
of Total Issued and
Outstanding Shares
 
Name of Selling Stockholder 
before the
Offering (1)
  
Being
Offered
  
# of
Shares (2)
  
% of
Class (2)
 
             
Dorado Investments, LLC (3)  0   10,000,000 (4)   0   0% 

Notes:

(1)Beneficial ownership is determined in accordance with Securities and Exchange Commission rules and generally includes voting or investment power with respect to shares of common stock. Shares of common stock subject to options, warrants and convertible debentures currently exercisable or convertible, or exercisable or convertible within 60 days, are counted as outstanding. The actual number of shares of common stock issuable upon the conversion of the convertible debentures is subject to adjustment depending on, among other factors, the future market price of our common stock, and could be materially less or more than the number estimated in the table.
(2)Because the selling stockholders may offer and sell all or only some portion of the 10,000,000 shares of our common stock being offered pursuant to this prospectus and may acquire additional shares of our common stock in the future, we can only estimate the number and percentage of shares of our common stock that any of the selling stockholders will hold upon termination of the offering.
(3)Edward Liceaga exercises voting and dispositive power with respect to the shares of our common stock that are beneficially owned by Dorado Investments, LLC.
(4)Consists of up to 10,000,000 shares of common stock to be sold by Dorado pursuant to the Purchase Agreement.

THE OFFERING

On November 4, 2016, we entered into an Equity Purchase Agreement (the "Purchase Agreement") with Dorado Investments, LLC ("Dorado"). Although we are not mandated to sell shares under the Purchase Agreement, the Purchase Agreement gives us the option to sell to Dorado, up to $5,000,000 worth of our common stock over the period ending December 31, 2017. The $5,000,000 was stated as the total amount of available funding in the Purchase Agreement because this was the maximum amount that Dorado agreed to offer us in funding. There is no assurance the market price of funds wouldour common stock will increase in the future. The number of common shares that remain issuable may not be sufficient, to cover our intended plan of operations contemplated hereby. The Company will use any proceeds received to cover our filing reports withdependent upon the Securities and Exchange Commission, as well asshare price, to allow us to proceed withaccess the Company’s intended business. However, there can be no assurance thatfull amount contemplated under the Company will raise any funds through its direct participation offering.Purchase Agreement. If we are able to sell only 50%, 25% or 10% of our offered shares, we anticipate thatthe bid/ask spread remains the same we will onlynot be able to meet our anticipated cash needsplace a put for the next 4-5 months, 2-3 months, or 0-2 months, respectively.


Specifically,full commitment under the CompanyPurchase Agreement. Based on our $0.0148 closing bid price as of the close of business on December 7, 2016, the registration statement covers the offer and possible sale of $110,000 worth of our shares.

11

The purchase price of the common stock will use the proceeds received from this offering to continue the development of its current Apps, design and develop additional Apps, and to create and manufacture accessories to be used with the Apps that are compatible with the iPhone, iPod Touch and iPad.  





If the Company is able to raise fiftyset at seventy-five percent (50%(75%) of the maximum amount of funds available under this offering, we intend to use such funds to continue with phase 1 and phase 2 of our plan of operations.  In this instance, we estimate that we would spend up to $12,750 on business development and up to $6,250 on marketing and advertising.  However, if we raise nominal amounts under the offering (25% or less of the offered shares), we will likely have to seek out additional capital from alternate sources and if such funds are not available our business would likely fail and any investment would be lost. We intend to seek out additional funds from friends, family, and business acquaintances. As with any form of financing, there are uncertainties concerning the availability of such funds and the likelihood that such funds will be available to the Company on terms acceptable to us.  Currently, we have not received any firm commitments or indic ations from any family, friends or business acquaintances regarding any potential investment in the Company.


PLAN OF DISTRIBUTION; TERMS OF THE OFFERING


Appiphany Technologies Holdings Corp. has issued and outstanding as of the date of this prospectus 5,900,000 shares of Common Stock. The Company is registering an additional of 2,700,000 shares of its Common Stock for sale at the price of $0.05 per share. There is no arrangement to address the possible effect of the offering on thelowest closing bid price of the stock.

common stock during the pricing period. The pricing period will be the five consecutive trading days immediately after the put notice date. In addition, there is an ownership limit for Dorado of 9.99%.

On the put notice date, we are required to deliver put shares to Dorado in an amount (the "Estimated Put Shares") determined by multiplying the closing price on the trading day immediately preceding the put notice date by 0.75, and Dorado is required to simultaneously deliver to our representative, to hold in escrow, the investment amount indicated on the put notice. At the end of the pricing period when the purchase price is established and the number of put shares for a particular put is definitely determined, Dorado must return to us any excess put shares provided as Estimated Put Shares or alternatively, we must deliver to Dorado any additional put shares required to cover the shortfall between the amount of Estimated Put Shares and the amount of put shares. At the end of the pricing period, we must also return to Dorado any excess related to the investment amount previously delivered to us.
Dorado is not permitted to engage in short sales involving our common stock during the term of the commitment period. In accordance with Regulation SHO, however, sales of our common stock by Dorado after delivery of a put notice of such number of shares reasonably expected to be purchased by Dorado under a put will not be deemed a short sale.
In addition, we must deliver the other required documents, instruments and writings required. Dorado is not required to purchase the put shares unless:

·Our registration statement with respect to the resale of the shares of common stock delivered in connection with the applicable put shall have been declared effective;
·we shall have obtained all material permits and qualifications required by any applicable state for the offer and sale of the registrable securities; and
·we shall have filed all requisite reports, notices, and other documents with the SEC in a timely manner.
As we draw down on the equity line of credit, shares of our common stock will be sold into the market by Dorado. The sale of these shares could cause our stock price to decline. In turn, if our stock price declines and we issue more puts, more shares will come into the market, which could cause a further drop in our stock price. You should be aware that there is an inverse relationship between the market price of our common stock and the number of shares to be issued under the equity line of credit. If our stock price declines, we will be required to issue a greater number of shares under the equity line of credit. We have no obligation to utilize the full amount available under the equity line of credit.
Neither the Purchase Agreement nor any of our rights or Dorado's rights thereunder may be assigned to any other person.

Item 8. PLAN OF DISTRIBUTION
Each of the selling stockholders named above and any of their pledgees and successors-in-interest may, from time to time, sell any or all of their shares of common stock on OTC Markets or any other stock exchange, market or trading facility on which the shares of our common stock are traded or in private transactions. These sales may be at fixed prices and prevailing market prices at the time of sale, at varying prices or at negotiated prices. The selling stockholders may use any one or more of the following methods when selling shares:

·ordinary brokerage transactions and transactions in which the broker-dealer solicits purchasers;
·block trades in which the broker-dealer will attempt to sell the shares as agent but may position and resell a portion of the block as principal to facilitate the transaction;
·purchases by a broker-dealer as principal and resale by the broker-dealer for its account;
·privately negotiated transactions;
·broker-dealers may agree with the selling stockholders to sell a specified number of such shares at a stipulated price per share;
·a combination of any such methods of sale; or

Broker-dealers engaged by the selling stockholders may arrange for other brokers-dealers to participate in sales. Broker-dealers may receive commissions or discounts from the selling stockholders (or, if any broker-dealer acts as agent for the purchaser of shares, from the purchaser) in amounts to be negotiated, but, except as set forth in a supplement to this prospectus, in the case of an agency transaction not in excess of a customary brokerage commission in compliance with FINRA Rule 2440; and in the case of a principal transaction a markup or markdown in compliance with FINRA IM-2440.
Dorado is an underwriter within the meaning of the Securities Act of 1933 and any broker-dealers or agents that are involved in selling the shares may be deemed to be "underwriters" within the meaning of the Securities Act of 1933 in connection with such sales. In such event, any commissions received by such broker-dealers or agents and any profit on the Company’sresale of the shares purchased by them may be deemed to be underwriting commissions or discounts under the Securities Act of 1933. Dorado has informed us that it does not have any written or oral agreement or understanding, directly or indirectly, with any person to distribute the common stock of our company. Pursuant to a requirement by FINRA, the maximum commission or discount to be received by any FINRA member or independent broker-dealer may not be greater than 8% of the gross proceeds received by us for the sale of any securities being registered pursuant to Rule 415 promulgated under the Securities Act of 1933.
12


Discounts, concessions, commissions and similar selling effortsexpenses, if any, attributable to the sale of shares will be borne by the selling stockholder. The selling stockholder may agree to indemnify any agent, dealer, or broker-dealer that participates in transactions involving sales of the shares if liabilities are imposed on that person under the Securities Act of 1933.
We are required to pay certain fees and expenses incurred by us incident to the registration of the shares covered by this prospectus. We have agreed to indemnify the selling stockholders against certain losses, claims, damages and liabilities, including liabilities under the Securities Act of 1933. We will not receive any proceeds from the resale of any of the shares of our common stock by the selling stockholders. We may, however, receive proceeds from the sale of our common stock under the Purchase Agreement with Dorado. Neither the Purchase Agreement with Dorado nor any rights of the parties under the Purchase Agreement with Dorado may be assigned or delegated to any other person.
We have entered into an agreement with Dorado to keep this prospectus effective until Dorado has sold all of the common shares purchased by it under the Purchase Agreement and has no right to acquire any additional shares of common stock under the Purchase Agreement.
The resale shares will be sold only through registered or licensed brokers or dealers if required under applicable state securities laws. In addition, in certain states, the resale shares may not be sold unless they have been registered or qualified for sale in the offering, our officersapplicable state or an exemption from the registration or qualification requirement is available and directors will not register as broker-dealers pursuant to Section 15 of the Exchange Act, but rather will rely upon the “safe harbor” provisions of SEC Rule 3a4-1, promulgatedis complied with.
Under applicable rules and regulations under the Securities Exchange Act of 1934, as amended (the “Exchange Act”). Generally speaking, Rule 3a4-1 provides an exemption fromany person engaged in the broker-dealer registration requirementsdistribution of the Exchange Actresale shares may not simultaneously engage in market making activities with respect to the common stock for persons associated with an issuer that participatethe applicable restricted period, as defined in an offeringRegulation M, prior to the commencement of the issuer’s securities. None of our officers or directors are subject to any statutory disqualification, as that term is defined in Section 3(a)(39) of the Exchange Act. Our officers and directors will not be compensated in connection with their participation in the offering by the payment of commissions or other remuneration based either directly or indirectly on transactions in our securities. Neither, Mr. Keller or Mr. Klippenstein are now, nor have been within the past 12 months, a broker or dealer, and they are not been, within the past 12 months, an associated person of a broker or dealer. At the end of the offering, both Messrs. Keller and Klippenstein will continue to primarily perform substantial duties for the Company or on its behalf otherwise than in connection with transactions in securities. Neither will participate in selling an offering of securities for any issuer more than once every 12 months other than in reliance on Exchange Act Rule 3a4-1(a)(4)(i) or (iii).


In order to comply with the applicable securities laws of certain states, the securities will be offered or sold in those states only if they have been registered or qualified for sale; an exemption from such registration or if qualification requirement is available and with which Appiphany has complied.distribution. In addition, and without limiting the foregoing, the Companyselling stockholders will be subject to applicable provisions of the Securities Exchange Act of 1934 and the rules and regulations underthereunder, including Regulation M, which may limit the Exchange Act with regard to security transactions duringtiming of purchases and sales of shares of the period of time when this Registration Statement is effective.


Offering Period and Expiration Date


This offeringcommon stock by the selling stockholders or any other person. We will start on the datemake copies of this prospectus and continue for a period of up to 180 days.


Procedures for Subscribing


If you decide to subscribe for any shares in this offering, you must:


1.

execute and deliver a subscription agreement;


2.

deliver a check or certified funds to us for acceptance or rejection; and


3.

pay cash by wire transfer of immediately available funds to the client-trust account of Carrillo, Huettel & Zouvas, LLP, in accordance with the wire instructions, or directly to the Seller:


The subscription agreement requires you to disclose your name, address, social security number, telephone number, number of shares you are purchasing, and the price you are paying for your shares.


All checks for subscriptions must be made payable toAppiphany Technologies Holdings Corp.


Acceptance of Subscriptions


Upon the Company’s acceptance of a Subscription Agreement and receipt of full payment, the Company shall countersign the Subscription Agreement and issue a stock certificate along with a copy of the Subscription Agreement.





Right to Reject Subscriptions


We have the right to accept or reject subscriptions in whole or in part, for any reason or for no reason. All monies from rejected subscriptions will be returned immediately by us to the subscriber, without interest or deductions. Subscriptions for securities will be accepted or rejected within 48 hours after we receive them.


Penny Stock Regulation


Our Common Shares are not quoted on any stock exchange or quotation system. The SEC has adopted rules that regulate broker-dealer practices in connection with transactions in penny stocks. Penny stocks are generally equity securities with a price of less than $5.00 (other than securities registered on certain national securities exchanges or quoted on the NASDAQ system, provided that current price and volume information with respect to transactions in such securities is provided by the exchange or system).


The penny stock rules require a broker-dealer, prior to a transaction in a penny stock not otherwise exempt from those rules, to deliver a standardized risk disclosure document prepared by the SEC, that:


·

contains a description of the nature and level of risk in the market for penny stocks in both public offerings and secondary trading;

·

contains a description of the broker’s or dealer’s duties to the customer and of the rights and remedies available to the customer with respect to a violation of such duties;

·

contains a brief, clear, narrative description of a dealer market, including “bid” and “ask” prices for penny stocks and the significance of the spread between the bid and ask price;

·

contains a toll-free telephone number for inquiries on disciplinary actions;

·

defines significant terms in the disclosure document or in the conduct of trading penny stocks; and,

·

contains such other information and is in such form (including language, type, size, and format) as the SEC shall require by rule or regulation.


The broker-dealer also must provide the customer with the following, prior to proceeding with any transaction in a penny stock:


·

bid and offer quotations for the penny stock;

·

details of the compensation of the broker-dealer and its salesperson in the transaction;

·

the number of shares to which such bid and ask prices apply, or other comparable information relating to the depth and liquidity of the market for such stock; and,

·

monthly account statements showing the market value of each penny stock held in the customer’s account.


In addition, the penny stock rules require that prior to a transaction in a penny stock not otherwise exempt from those rules; the broker-dealer must make a special written determination that the penny stock is a suitable investment for the purchaser and receive the purchaser’s written acknowledgment of the receipt of a risk disclosure statement, and a signed and dated copy of a written suitability statement.


These disclosure requirements will have the effect of reducing the trading activity in the secondary market for our stock because it will be subject to these penny stock rules. Therefore, stockholders may have difficulty selling those securities.



Registration Rights


We have not granted registration rights to any persons.


DILUTION


Net tangible book value per share represents the amount of the Company’s tangible assets less total liabilities, divided by the 5,900,000 shares of Common Stock outstanding as of October 31, 2010.  Net tangible book value dilution per share represents the difference between the amount per share paid by purchasers of the Shares in this offering assuming the offering price of $0.05 per share of Common Stock and the pro forma net tangible book value per share of Common Stock immediately after completion of the offering.



stockholders.


After giving effect to the sale of the 2,700,000 Shares offered by the Company hereunder, at an Offering Price of $0.05 per share the pro forma net tangible book value of the Company at October 31, 2010, would have been $15,502, or $0.00 per share, representing an immediate increase in tangible book value of $0.02 per share to existing shareholders and an immediate dilution of $0.05 per share to purchasers of the Shares.


The following table illustrates the foregoing information with respect to new investors on a per share basis:


 

 

2,700,000

Shares

(100%)

1,350,000

Shares

(50%)

675,000

Shares

(25%)

270,000

Shares

(10%)

Offering price per share

$

0.05

0.05

0.05

0.05

Net tangible book value per share before Offering

$

(0.02)

(0.02)

(0.02)

(0.02)

Increase per share attributable to new investors

$

0.02

0.01

0.01

0.00

Pro forma net tangible book value per share after Offering

$

0.00

(0.01)

(0.01)

(0.02)

Dilution per share to new investors

$

(0.05)

(0.06)

(0.06)

(0.07)


DESCRIPTION OF PROPERTY


Our offices are currently located at 1630 Pandosy Street in Kelowna, B.C., and our telephone number is (778) 478-9944.  As of the date of this filing, we have not sought to move or change our office site.  We currently utilize office space free of charge on a month-to-month basis from 250 Media Corp., of which our President, Jesse Keller, is the current Chief Executive Officer.  The office space is approximately 1000 square feet of industrial/office space with opportunities to expand our facilities. Additional space may be required as we expand our operations. We do not foresee any significant difficulties in obtaining any required additional space. We currently do not own any real property.


Item 9. DESCRIPTION OF SECURITIES

TO BE REGISTERED

General

Common Stock

Our

We are authorized capital stock consiststo issue an aggregate of 250,000,000 Sharestwo-hundred fifty million (250,000,000) shares of common stock, $0.001 par value per Share. There are no provisions in our charter or by-laws that would delay, defer or prevent a change in our control. However, there exists such provisions in our charter that may make a change of control more difficult.

The holders of our common stock have equal ratable rights to dividends from funds legally available if and when declared by our board of directors and are entitled to share ratably in all of our assets available for distribution to holdersshare. Currently, 51,988,237 shares of common stock upon liquidation, dissolution or winding upare outstanding.


Each share of our affairs.common stock shall have one (1) vote per share. Our common stock does not provide the right to a preemptive, subscription or conversion rights and there are no redemption or sinking fund provisions or rights. Our common stock holders are not entitled to one non-cumulative vote per share on all matters on which shareholders may vote. Holders of shares of our common stock do not have cumulative voting rights, which means that the holders of more than 50% of the outstanding shares, voting for the election of directors, can elect all of the directors to be elected, if they so chose, and in that event, the holders of the remaining shares will not be able to elect any of our directors.


We refer you to our Articles of Incorporation, Bylaws and the applicable statutes of the state of Nevada for a more complete description of the rights and liabilities of holders of our securities.

Preferred Stock

The Company’s Articles of Incorporation authorize the issuance of 10,000,000 shares of preferred stock with designations, rights and preferences determined from time to time by our Board of Directors. As of the date hereof there have been no shares of preferred stock designated.  The following is a summary of the material rights and restrictions associated with our preferred stock. This description does not purport to be a complete description of all of the rights of our stockholders and is subject to, and qualified in its entirety by, the provisions of our most current Articles of Incorporation and Bylaws, which are included as exhibits to this Registration Statement.


Our Board of Directors is authorized to determine or alter any or all of the rights, preferences, privileges and restrictions granted to or imposed upon any wholly unissued series of preferred stock and, within the limitations or restrictions stated in any resolution or resolutions of the Board of Directors originally fixing the number of shares constituting any series, to increase or decrease (but not below the number of shares of any such series then outstanding) the number of shares comprising any such series subsequent to the issue of shares of that series, to set the designation of any series, and to provide for rights and terms of redemption, conversion, dividends, voting rights, and liquidation preferences of the shares of any such series.





Dividends

Anti-Takeover Provisions


Certain anti-takeover provisions in our Articles of Incorporation may make a change in control of the Company more difficult, even if a change in control would be beneficial to our stockholders. In particular, our board of directors will be able to issue a total of up to 10,000,000 shares of preferred stock with rights and privileges that might be senior to our Common Stock, without the consent of the holders of our Common Stock, and has the authority to determine the price, rights, preferences, privileges and restrictions of the preferred stock. Although the ability to issue preferred stock may provide us with flexibility in connection with possible acquisitions and other corporate purposes, this issuance may make it more difficult for a third-party to acquire a majority of our outstanding voting stock.


Dividends

We have not paid any cash dividends to our shareholders. The declaration of any future cash dividends is at the discretion of our board of directors and depends upon our earnings, if any, our capital requirements and financial position, our general economic conditions, and other pertinent conditions. It is our present intention not to pay any cash dividends in the foreseeable future, but rather to reinvest earnings, if any, in our business operations.


Warrants and Options


There are no outstanding warrants orto purchase our securities.

Options

There are no outstanding options to purchase our securities.


Securities Authorized For Issuance Under Equity Compensation Plans

On November 9, 2012, the Company adopted a stock option plan allowing the Company's directors to grant options to purchase up to 2,000,000 shares of the Company's common stock pursuant to the terms and conditions of the stock option plan.

Preferred Stock

The Company is authorized to issue up to ten million (10,000,000) shares of preferred stock. There is no preferred stock issued and outstanding at this time.
13


Nevada Anti-Takeover Laws

As a Nevada corporation, we are subject to certain anti-takeover provisions that apply to public corporations under Nevada law. Pursuant to Section 607.0901 of the Nevada Business Corporation Act, or the Nevada Act, a publicly held Nevada corporation may not engage in a broad range of business combinations or other extraordinary corporate transactions with an interested shareholder without the approval of the holders of two-thirds of the voting shares of the corporation (excluding shares held by the interested shareholder), unless:

·the transaction is approved by a majority of disinterested directors before the shareholder becomes an interested shareholder;
·the interested shareholder has owned at least 80% of the corporation's outstanding voting shares for at least five years preceding the announcement date of any such business combination;
·the interested shareholder is the beneficial owner of at least 90% of the outstanding voting shares of the corporation, exclusive of shares acquired directly from the corporation in a transaction not approved by a majority of the disinterested directors; or
·the consideration paid to the holders of the corporation's voting stock is at least equal to certain fair price criteria.

An interested shareholder is defined as a person who, together with affiliates and associates, beneficially owns more than 10% of a corporation's outstanding voting shares. We have not made an election in our amended Articles of Incorporation to opt out of Section 607.0901.

In addition, we are subject to Section 607.0902 of the Nevada Act which prohibits the voting of shares in a publicly held Nevada corporation that are acquired in a control share acquisition unless (i) our board of directors approved such acquisition prior to its consummation or (ii) after such acquisition, in lieu of prior approval by our board of directors, the holders of a majority of the corporation's voting shares, exclusive of shares owned by officers of the corporation, employee directors or the acquiring party, approve the granting of voting rights as to the shares acquired in the control share acquisition. A control share acquisition is defined as an acquisition that immediately thereafter entitles the acquiring party to 20% or more of the total voting power in an election of directors.

Penny Stock Considerations
Our shares will be "penny stocks" as that term is generally defined in the Securities Exchange Act of 1934 to mean equity securities with a price of less than $5.00 per share. Thus, our shares will be subject to rules that impose sales practice and disclosure requirements on broker-dealers who engage in certain transactions involving a penny stock. Under the penny stock regulations, a broker-dealer selling a penny stock to anyone other than an established customer must make a special suitability determination regarding the purchaser and must receive the purchaser's written consent to the transaction prior to the sale, unless the broker-dealer is otherwise exempt.
In addition, under the penny stock regulations, the broker-dealer is required to:

·Deliver, prior to any transaction involving a penny stock, a disclosure schedule prepared by the Securities and Exchange Commission relating to the penny stock market, unless the broker-dealer or the transaction is otherwise exempt;
·Disclose commissions payable to the broker-dealer and our registered representatives and current bid and offer quotations for the securities;
·Send monthly statements disclosing recent price information pertaining to the penny stock held in a customer's account, the account's value, and information regarding the limited market in penny stocks; and
·Make a special written determination that the penny stock is a suitable investment for the purchaser and receive the purchaser's written agreement to the transaction, prior to conducting any penny stock transaction in the customer's account.


Because of these regulations, broker-dealers may encounter difficulties in their attempt to sell shares of our common stock, which may affect the ability of selling shareholders or other holders to sell their shares in the secondary market, and have the effect of reducing the level of trading activity in the secondary market. These additional sales practice and disclosure requirements could impede the sale of our securities, if our securities become publicly traded. In addition, the liquidity for our securities may be decreased, with a corresponding decrease in the price of our securities. Our shares in all probability will be subject to such penny stock rules and our shareholders will, in all likelihood, find it difficult to sell their securities.

Item 10. INTERESTS OF NAMED EXPERTS AND COUNSEL

The audited financial statements for the Company for the year ended April 30, 2016 included in this prospectus have been audited by Sadler Gibb & Associates, LLC, an independent registered public accounting firm, to the extent and for the periods set forth in our report and are incorporated herein in reliance upon such report given upon the authority of said firm as experts in auditing and accounting.
The legality of the shares offered under this registration statement is being passed upon by Brunson Chandler, & Jones, PLLC.  The partners of Brunson Chandler & Jones each individually own 2,000,000 shares of common stock of the Company.
Item 11. INFORMATION WITH RESPECT TO REGISTRANT


THE FOLLOWING DISCUSSION AND ANALYSIS SHOULD BE READ TOGETHER WITH THE CONSOLIDATED FINANCIAL STATEMENTS OF APPIPHANY TECHNOLOGIES HOLDINGS CORP. AND THE NOTES TO CONSOLIDATED FINANCIAL STATEMENTS INCLUDED ELSEWHERE IN THIS REGISTRATION STATEMENT ON FORM S-1. THIS DISCUSSION SUMMARIZES THE SIGNIFICANT FACTORS AFFECTING OUR OPERATING RESULTS, FINANCIAL CONDITIONS AND LIQUIDITY AND CASH-FLOW SINCE INCEPTION.

REGISTRANT


DESCRIPTION OF OURBUSINESS

BUSINESS


14

Corporate History

Appiphany Technologies Holdings Corp. was incorporated in the Stateis a Nevada corporation with an incorporation date of Nevada on February 24, 2010. On May 1, 2010, we entered into a Share Exchange Agreement (the "SEA") with Appiphany Technologies Corp. ("ATC"), a company incorporated in British Columbia, Canada in June 2009, pursuant to which we acquired all of the issued and outstanding shares of ATC in exchange for 1,500,000 shares of the Appiphany.  

Company's common stock. On January 24, 2016, we acquired certain assets and accounts from Media Convergence Group, LLC in exchange for 20,000,000 shares of the Company's common stock.


Our Business
ATC commenced operations as a diversified technol­ogytechnology company in June 2009.  Our business model has refocused to a global brand-protection company. This business model will encompass all areas of 2009. As a resultprotecting intellectual property of global brand owners through risk management, technology innovation and strategic supply chain strategies.  With our combined expertise we will manage and deliver cost-effective, collaborative and creative strategies to protect the SEA, we are a diversified technol­ogy company.  While resaleassets of website hosting packagesglobal brands. We will also ensure client ROI through protection of markets, prevention of brand erosion and lost sales resulting in enhanced returns to the bottom line. Specifically, our core focus is online brand protection and Internet monitoring. Our web-based platform allows us and our clients to search, identify and take action against illicit, counterfeit, and diverted online sales of mislabeled products. This ability to monitor dozens of auction sites worldwide and do product queries in real-time is a nice complementvery significant competitive advantage in the online brand protection market.  Our other offerings include risk management services, custom app software development (serialization/T&T) and print technology services (forensics, labels and hangtags).

Our Clientele

Our current clientele is highly focused on the luxury goods industry as well as the footwear and apparel market. We have a background in the sport apparel market in North America and have created vertical-specific referral partners to the products and services that we offer, the scope of our business is based around third-party application (“App”) development for the iPhone, iPod Touch and iPad manufactured and marketed by Apple, Inc. The Company is evolving into a third-party accessories company integrat­ing our accessoriesexpand this market rapidly. We have immediate plans to function with our Apps. In September 2009, Appiphany finalized a contract license with Apple, Inc., to design, develop, manufacture and sell accessories that are made for Apple’s iPod and iPhone. With our focus on the health and beauty (cosmetics) industry, and electronics and imaging supplies companies.

Global Landscape in Counterfeiting and Piracy

Counterfeit, diverted and gray-market products are flooding consumer markets due to globalization, brand promotion, and the increased use of product licensing. The International Anti-Counterfeiting Coalition estimates the value of cross boarder trade to be $1.7 trillion annually. This is the case with virtually any high-demand and highly-recognized product that is distributed beyond its primary market without a unified, global pricing structure.

Product diversion not only affects profitability in primary markets based on pricing, but also erodes brand identity and value.  When luxury goods turn up at unauthorized discounters or flea markets and pharmaceuticals are offered through the Internet, the perception of the value of the product is diminished in the eyes of the consumer.

Global organizations in specific industries specialize in diverting products from emerging markets to primary markets.  These "brokers" employ various means to obtain product including front companies, corruption or deception of internal sales staff and legitimate customers, and even theft.  Since criminal remedies do not typically apply to diversion cases, it is critical to identify the originating source of products and shut them down.  This usually involves complex investigative techniques designed to identify the wrongdoers by working both internally and externally in the client's operations, examining potential sources such as manufacturers, licensees, sales staff and accounts.

Market Opportunity

We have created a business model that assembles companies that have a proven track record (performance, longevity and revenues) in their specific silo or portfolio. We have a well-designed integrated platform.  It will maximize revenues in each separate portfolio, and create several new Apple SDK (software development kit), wehigh-income streams that are only possible with globally positioned, full-service brand management portfolio integration.  The opportunity for an immediate and significant market share of this brand management/brand protection (BM/BP) sector is viable and highly profitable.

Cyber Security and Internet Monitoring

Another critical component of our Company is Internet monitoring. Through the use of our technology, our clients will have the ability to develop, debug,monitor globally across the Internet, at both the brand and distribute commercial or in-house Appsindividual product level. They will have advanced monitoring capabilities and sophisticated protocols for processing the collected data. They will have dedicated data analyst support for each client implementation to provide the best solutions available for online brand protection. We have three primary monitoring platforms:

Watchdog Protect (full Internet monitoring and auction removal platform) – Watchdog Protect online monitoring solution provides enhanced B2B and B2C auction site monitoring for the iPhone, iPod Touchpurpose of identifying and removing counterfeit, stolen or gray market goods and intellectual property infringements damaging to a company's brand. Integral to this platform is our "dynamic filtering system." This feature enables companies to refine their search results by geography, website, price, and more, in real-time. The unique "removals" section intelligently automates the new iPad. Our goalbulk of the removals process and correspondence with sellers. Companies can remove items infringing their intellectual property with a click of a button.  This fully integrated reporting feature allows complete oversight of monitoring and removals activity. The dynamic filter database retrieves results in real-time can be also graded by relevance. This allows clients to delve deeper into seller profiles and items, as well as expedite the removals process.
15


Watchdog Locate (loss prevention platform) – We have extracted local analysis functionality from our enterprise product, now available as our Watchdog Locate offering. This service addresses demand in the retail and manufacturing sectors for loss prevention solutions, to automate detection of suspicious items online. This intelligent monitoring tool automates the identification of potentially stolen and fraudulently obtained items being listed by employees, vendors, and contractors on online auction sties. This solution has the ability to automatically cross-reference sales of companies' products with staff postal code and address details.

Watchdog Web (extends monitoring to multiple social media platforms) – Watchdog web takes the auction site monitoring capability of Watchdog Protect and applies it to the wider web. It will identify and remove threats to organization and personnel online. Central to this solution is our webpage proximity scoring feature, which allows companies to buildgrade web pages by unique combinations such as prevalence of a reputation as a l eading developerparticular currency symbol, combination of Appswords and App software,serial numbers or IP registration.  Social media, blog and maintain a balanced company through streamlined web-based marketingforum monitoring allows companies to target consumer and sales.


Our target customers are consumers wishingemployee sentiment. This also allows them to purchase Apps fordetect phishing and affiliate scams, driving web traffic away from their Apple products,site and third-party commercial businesses wishingpotentially damaging their reputation.


Risk Management

This portfolio will be crucial in bringing together the integral elements of risk management and brand protection to develop Apps for resale.  We anticipate that wepositively impact the collateral revenue opportunities. This critical pillar will be able to continue generating revenues fromexpand its product offerings and client base by delivering specialty niche services that complex international companies demand. This includes brand protection programs, cyber intelligence, and due diligence in emerging markets. It will also offer unique approaches such as deployment of undercover operatives in corporate and industrial facilities or on the sale of our Appsstreet, anywhere in the world, to acquire information not available by conventional means.  We will employ industry best practices that are in use today and wein development for tomorrow.  We will have a license thatcomplete line of consulting services, including on site security surveys, internal and external theft-prevention programs, threat analysis and protection of proprietary property.

Custom App Software Development (Serialization/T&T)

Being the supplier to a company's supply chain allows us to developcreate cradle to grave solutions, child to parent packaging controls and sell accessories that are compatibledeal with Apple’s iPodoperations, analytics, finance and iPhone to existing and new customers ; however, no such accessories have been developed or sold to date.   We believe that our success will depend on our ability to promote products and software consistent with the Apple, Inc. culture and image. We will also need to anticipate and respond to changing consumer demands and tastes, as well as the demands of Apple, Inc.






Our founder and President, Jesse Keller, has an extensive technical background that he developed over the course of more than eleven years of experience working in the technology industry, specifically through his work in software development, web design, graphic design, web development and webmaster/customer service.  Mr. Keller also has significant experience in search engine marketing, affiliate marketing, investor relations, public relations and business planning after having successfully developed several business ventures.  Jonas Klippenstein, as Vice President, supports Mr. Keller, and brings important executive and management experience and an understanding of resource management pertaining to large collaborative projects mainly due to his experiences managing employees and budgets as President and Director of Highland Security Group Ltd. for the past 13 years. We anticipate that our eventual sales and development force will be composed of employees and independent contractors involved in computer software technology and Apple, Inc. technology fields that will enhance our corporate image, provide valuable insights into our merchandising, and heighten our understanding of our target market.


Products and Services


Currently, we develop and sell Apps for the iPhone and iPod. We have several Apps that we have created, developed and sold. Belowmarketing. This is a short description of our current products and projects. Each of the Apps described below has been created under the direction and direct supervision of our President, Jesse Keller. We use developers on a contract or limited basis to develop the Apps. As of October 31, 2010, we have generated $4,031 in revenues from the aggregate sale of our Apps. We generate revenues through iTunes. Our Apps are displayed and sold on the iTunes website, and Apple receives the initial proceeds from the purchase of any Apps. We receive seventy percent of the proceeds Apple receives from the sale of our Apps, and Apple keeps thirty percent of the proceeds received from the sale. At the end of the month we receive a direct deposit from Apple consisting of our share of proceeds from sales of our Apps for that month, so long as the proceeds are over $150.00. If our proceeds for a particular month a re under $150.00 the proceeds will carry over into the next month’s deposit.


The Big White & Silver Star App


We have developed and consulted with the owners of The Big White Ski Resort and the Silver Star Ski Resortcritical to create the Big White App and the Silver Star Appmajor prospect entry point opportunities for iPhone and iPod Touch users. Both Apps provide maps and live camera feeds to see current conditions and the maps work anywhere with pinch, zoom and pan through each map. The Apps are currently available for sale at iTunes for $0.99 each. We are currently in discussions with the marketing department for both resorts, andsupply chain product penetration.  With a unique scalable product line, we are considering planning further development of the Apps.




19



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Police Notebook (PNB) App


We developed the Police Notebook or PNB, as it is known in the policing industry, as an integrative technological tool for police officers. It is a notebook designed to replace and improve the old paper products police officers are currently using. The mobile application version of the PNB has several improve­ments such as GPS location, photo attachments, tamper proof notations and instant email of reports.  The PNB App is available for sale at iTunes for $2.99.


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The Penny Stock App


We develop ed the Penny Stock App to provide the most advanced pen­ny stock alert service in the world. The Penny Stock App is available in iTunes store for $1.99.  The App was designed to bridge all types of investors to take advantage of increased trade volume of the featured stock. The App features dy­namically generated stock data direct form the markets including the bid & ask, current price, percentage gain, volume, 6-month chart and more. For more information go to www.pennystockapp.com or fol­low them at Twiter.com/pennystockapp.

[appiphanys1a3006.gif]

Student Notes App


We developed the Study Notes App to serve as a useful tool for Students to take notes. Students can use the Study Notes application while they are in class to record important notes to use at a later time. The user will be able to enter notes with the keyboard on their phone, upload video or audio recordings. Automatically having the time and date entered by the application once the entry has been saved. Students will be able to browse the internet with the application giving the userhave the ability to upload pictures along side with notes. Users can purchase this App throughreact quickly to client needs and maximize available revenues.


Print Tech Services – Forensics, Labels and Hangtags

Our proprietary forensic products protected by trade secret make use of emerging technology to create and detect specific detailed signatures invisible to the iTunes store for $2.99.


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250hosting.com*beta


While not directly related to our main business, 250 Hosting is a cpanel clustered server environment that allows us to resell hosting packages for an affordable price. The site was designed using WHMCS. WHMCS is an all-in-one client management, billing & support solution for online businesses. It handles everything from sign-up to termination, with automated billing, provisioning & management.eye.  This is our Digital Forensic Marker™ for tagging product. Tagging typically occurs by incorporating particles containing a perfect complementsignature into a target substrate or product. The process for doing this will vary from material to any technologies com­pany.  For more information about 250 Hosting please visitmaterial. Location, detection, and signature match times can all be tailored to fit the web site: http://www.whmcs.com/.


MMA Animals


Our newest project is the MMA Animals. MMA Animals isapplication. We offer a fantasy based interactive cartoon/video game madeunique and varied blend of forensic code applications to fit our clients' needs for iPhone, iPod Touchencoding and iPad that will be specifically de­veloped for sale in iTunes, the App Store and iBooks.  MMA Animals is a blend between a video game and a video, where you watch a video for 5 minutes and then play a game and based on the results of the game, it takes you to the next sequence of video, seamlessly transitioning from game to show.  The videos could be ready for the networks and provide a medium to promote sales of the interactive games/shows available to the iPhone, iPad and the MMA Animals web site.  MMA Animals will be developed to acquire a large network deal for syndicated broadcast to the North American and eventually world markets. The ultimate goal is to create a MMA Animals feature film. We are in the predevelopment phase of our MMA Animals and we hope to offer MMA Animals Apps within the next year.

detecting.


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The Artist that we have contracted to design the MMA Animals is best known for his 3D modeling. He has worked on projects like, “Dr. Seuss’ Horton Hears a Who!”, “Ice Age & Ice Age: The Melt Down”, and “Robots”, to name a few.


Growth Strategy


Our long-term goal is to continue to build our diversified technologies company with a broad portfolio of products and services that we will offer in multiple channels of online retail distribution through the following growth strategies:


Execute new initiatives.Along with our current products and services, we intend to seek opportunities that will diversify our technologies beyond web hosting and App development in order to reach a broader range of customers.


Expand upon our services and current client base.We will attempt to expand our current client base by providing top quality App development to our current clients, and hopefully receive good reviews and references within the App development field.


Advertising and Marketing


Our marketing strategy will begin with word of mouth, which will always be our most important means of promotion. We will rely on the quality App developmentof our products and services that we have completed for our existing customers to create positive customer feedback, which could resonate to potential clients.  We will also track sales and downloads of our completed Apps, and advertise their popularity to potential clients.  If we generate sufficient revenues, we intend to implement an advertising and marketing campaign to increase awareness of Appiphanythe Company and to acquire new customers through multiple channels, including traditional and online advertising. We believe that the use of multiple marketing channels reduces reliance on any one source of customers, maximizes brand awareness and promotes customer acquisition.





Our Industry


The iPhone, manufactured and marketed by Apple, Inc., won invention of the year in 2007 from Time Magazine, and has since gone on to be purchased by more than 30 million users worldwide. Third-party Apps were launched in mid-2008 for use on the iPhone, and became available for purchase or free download from the Apple, Inc. App Store. These Apps have diverse functions, including games, reference, GPS navigation, social networking, and advertising for television shows, films, and celebrities.  Since their release, the popularity of Apps used on the iPhone, iPod Touch, and iPad has grown to include over 130,000 different Apps and over 58 million App Store users. In the month of December 2009, App Store users downloaded over 280 million Apps, equating to over 250 million dollars in sales.


Appiphany’s team has been intrigued by the iPhone since its inception and has always been up to speed with the latest trends in App development for the iPhone, iPod Touch, and the new iPad. Whether by porting an existing App or developing one from scratch, we can help customers take advantage of a fast growing medium. We intend to focus our business on becoming one of the leading App development companies and capitalize on the astounding market created by Apple, Inc.


Competition


In general, the computer technology and software development industries are highly competitive, and especially so in the relatively new field of App development.  Of the more than 130,000 Apps included in the App Store, there are over 28,000 developers. We believe that our success depends in large part upon our ability to anticipate, gauge and respond to changing consumer demands within this rapidly changing field. Competing developers may be able to engage in larger scale branding, advertising and developing activities more extensively than we can. Further, with sufficient financial backing, talented designers and developers can become competitors within several months of establishing a business. We compete primarily on the basis of design, development, quality, and service. Our business depends on our ability to shape and stimulate consumer tastes and demands by marketing innovative and exciting Apps, as well as on our ability to remain competitive in the areas of quality and price.


Plan of Operations


To date, the Company has begun implementing its business plan and is attempting to secure additional funding to continue expansion of our services and products.  The Company intends to continue development of third-party Apps for the iPhone, iPod Touch and iPad as well as integrate accessories to function with our Apps.  The Company has not had any significant revenues generated from its business operations since its inception.  We expect that the revenues generated from our business for the next 12 months will not be enough for our required working capital.  We believe that our current cash and cash equivalents, anticipated cash flow from operations and the net proceeds from this offering will only be sufficient to meet our anticipated cash needs for the next 8-10 months.  Until the Company is able to generate any consistent and significant revenue, it may be required to raise additional funds by way of equity or debt financing.

Government Regulation

Our operations are subject to government regulation in many areas, including user privacy, telecommunications, and data protection.  The application of these laws and regulations to our business is often unclear and sometimes may conflict. It may take years to determine whether and how existing laws such as those governing intellectual property, privacy, advertising, etc. will apply.  Nonetheless, laws and regulations directly applicable to communications and intellectual property are becoming more prevalent. Due to the increasing popularity and use of communications technology, it is possible that laws and regulations may be adopted covering issues such as user privacy, content, and much more.  Compliance with these regulations may involve significant costs or require changes in business practices that could result in reduced revenue. Noncompliance could result in penalties being imposed on us or orders that stop the alleged noncompliant activity.  At any phase, ifthis time, however, we do not believe that compliance with these rules and regulations will have a material impact upon our business.

16

Patents, Trademarks and Copyrights

The Company has undertaken efforts to protect its proprietary processing technologies, including our Digital Forensic Marker, through protections available under trade secret law.

Employees

Our President is our only full-time employee. We use consultants and independent contractors on a case-to-case basis. We use developers on a contract or limited basis to develop code for the Company finds that it doesapps. As such developers are hired on an as-needed basis, we do not have adequate fundsagreements in place with the developers, nor do we plan on entering into agreements with the developers. In the future, we intend on having a team of in-house developers who are employees of the Company.

Other Information

We have not been involved in a bankruptcy receivership or similar proceeding. Additionally, we have not been involved in a reclassification, merger, consolidation, or purchase or sale of a significant amount of assets not in the ordinary course of business.

Our independent registered public accounting firm has issued an audit opinion for our Company that includes an explanatory paragraph expressing substantial doubt as to completeour ability to continue as a phase, it may have to suspend its operations and attempt to raise more money so it can proceed with its plangoing concern.

We are not a blank check registrant, as that term is defined in Rule 419(a)(2) of operations.  


To become profitable and competitive,Regulation C of the Company must continue to develop, advance and distribute Apps for the iPhone, iPod Touch and iPad that can be sold commercially or in-house .. Further,Securities Act of 1933, since we have a licensespecific business plan or purpose. We have not had preliminary contact or discussions with, nor do we have any present plans, proposals, arrangements or understandings with, any representatives of the owners of any business or company regarding the possibility of an acquisition or merger.


DESCRIPTION OF PROPERTY

Our principal executive office is located at 10 W. Broadway, Suite 700, Salt Lake City, Utah 84101, and our telephone number is 385-212-3305. Management believes that allows us  to design, develop, manufacture and sell accessories that are madethis space is sufficient for Apple’s iPod and iPhone ; however, no such accessories have been developed or sold to date.   Our goal is to become a successful developer of Apps and App software and maintain a balanced company through streamlined web-based marketing and sales.  To achieve this goal, management has prepared the following phases for its plan ofcarrying out operations for the next 12 months.


Phase 1 - Develop the Application Software and Products (6-8 months)


During the next 12 months, the Company will continue to develop its current Apps, design and develop additional Apps, and create and manufacture accessories to be used with the Apps that are compatible with the iPhone, iPod Touch and iPad.  The Company currently has many additional projects underway at various stages of development related to App development and design ..  Further, the Company intends to seek opportunities that will diversify our technologies beyond App development in order to reach a broader range of customers.  


Management anticipates requiring approximately $ 25 ,000 on the design and development of the Company’s App software and products for the next 6 to 8 months. This amount will be available to us if we are able to sell 100% of the shares offered hereby.  If we are able to sell only 50%, 25% or 10% of the shares offered, we will have approximately $12,750, $4,750 or $300, respectively, to allocate towards business development. If we are unable to raise the maximum amount from this offering, we will limit our business development to those Apps and products which we have already begun development on and to focus on marketing those Apps and products for sale.  



foreseeable future.

LEGAL PROCEEDINGS

Phase 2 - Implement Marketing Strategy (4 to 6 months)


The Company plans to commence Phase 2 of its business plan, which will include an aggressive marketing campaign designed to increase consumer awareness of its products and services.  Currently, the Company relies on word of mouth as its primary means of advertisement. We will rely on the quality Apps that we have developed and completed for our existing customers to create positive customer feedback, which could resonate to potential clients. We will also track sales and downloads of our completed Apps, and advertise their popularity to potential clients.


In Phase 2, the Company plans to (1) create a marketing strategy for the Company’s Apps and other products, and (2) implement its marketing strategy towards its target group of clients.  We will attempt to acquire new customers through multiple channels, including traditional and online advertising because we believe that the use of multiple marketing channels reduces reliance on any one source of customers, maximizes brand awareness and promotes customer acquisition.  The Company estimates that our expenses for phase 2 will be approximately $15,000 and expects it will take approximately nine months to complete the phase.  If we are able to sell the maximum number of shares under this offering, we will be able to allocate $15,000 towards our marketing and advertising phase.  If we are able to sell only 50%, 25% or 10% of the shares offered, we will have approximately $6,250, $3,000 or $300, respectively, to allocate towards phase 2.


Licensing


Because we are focusing our business on becoming a leading iPhone, iPod Touch, and iPad App developer using the new iPhone SDK (software development kit), it is imperative that we abide by the licensing of Apple, Inc.


As of June, 2009, Appiphany Technologies Holdings Corp. entered into an iPhone Developer Program License Agreement (“Developer License”) with Apple, Inc. and became a registered Apple developer.  The Developer License allows the Company to use Apple, Inc.’s software to develop, debug, and distribute commercial Apps in the iTunes store for a n initial term of one year.   The License can be renewed each year for a fee of $100.00 and acceptance of an updated contract of terms and conditions, both of which Appiphany has complied with up to date. The Agreement provides that developers must develop their Apps using binary code and must submit these Apps to apple for approval. Upon approval, the Apps are displayed and sold on the iTunes website and Apple receives thirty percent of the proceeds from each App that is sold, and the Company receives seventy percent of the proceeds. If a particular App is not approved by Apple, Apple will send the App back to the developer to work on any issues Apple pointed out.


In September 2009, Appiphany finalized a Made for iPod contract and license agreement with Apple, Inc. (the “MFi License”) to design, develop, manufacture and sell accessories that are made for Apple’s iPod and iPhone.  The MFi License allows our Company to develop electronic accessories that connect to both the iPod and iPhone .. The License costs $80.00 and the program is open to the public. Once Apple approves and the fee is paid, Apple grants the Company access to technical documentation, hardware components, technical support and certification logos. Currently, we have paid the initial fee; however, Appiphany has not created or developed any accessories under this program, but we intend to do so in the future.


Legal Proceedings

We know of no material, existing or pending legal proceedings against our company, nor are we involved as a plaintiff in any material proceeding or pending litigation. There are no proceedings in which our director, officer or any affiliates, or any registered or beneficial shareholder, is an adverse party or has a material interest adverse to our interest.


Government Regulation

MARKET PRICE OF THE REGISTRANT'S COMMON EQUITY AND RELATED STOCKHOLDER MATTERS

Common Stock

Our common stock is currently quoted on the OTC Markets.  Our common stock has been quoted on the OTC Markets since October 20, 2011 under the symbol "APHD".  Because we are quoted on the OTC Markets, our securities may be less liquid, receive less coverage by security analysts and news media and generate lower prices than might otherwise be obtained if they were listed on a national securities exchange.

We must abidebegan trading on the OTC Markets in December 2012.  The following table sets forth the high and low bid prices for our common stock per quarter as reported by regulations imposedthe OTC Markets based on our fiscal year end April 30, 2016 and 2015.  These prices represent quotations between dealers without adjustment for retail mark-up, markdown or commission and may not represent actual transactions.

Fiscal Year 2016 High  Low 
First Quarter (May 1, 2015 – Jul. 31, 2015)  0.025   0.0041 
Second Quarter (Aug. 1, 2015 – Oct. 31, 2015)  0.01   0.0031 
Third Quarter (Nov. 1, 2015 – Jan. 31, 2016)  0.064   0.0035 
Fourth Quarter (Feb. 1, 2016 – Apr. 30, 2016)  0.0351   0.009 

Fiscal Year 2015 High  Low 
First Quarter (May 1, 2014 – Jul. 31, 2014)  3.78   0.24 
Second Quarter (Aug. 1, 2014 – Oct. 31, 2014)  0.96   0.22 
Third Quarter (Nov. 1, 2014 – Jan. 31, 2015)  0.28   0.02 
Fourth Quarter (Feb. 1, 2015 – Apr. 30, 2015)  0.25   0.0032 
Holders of Record

As of December 7, 2016, an aggregate of 51,988,237 shares of our common stock were issued and outstanding and were owned by government regulatory authoritiesapproximately 45 holders of record, based on information provided by our transfer agent.
17


Dividends

We have not paid any cash dividends on our common stock since inception and presently anticipate that all earnings, if any, will be retained for development of our business and that no dividends on our common stock will be declared in providing our products and services. The majority of regulations within the telecommunications industry that apply to mobile games and entertainment applications and mobile messaging are created by industry bodies producing codes of conduct that outline the rules that network operators, content providers, carriers, technology providers and advertisers must adhere to when providing telecommunication servicesforeseeable future.  Any future dividends will be subject to the public. These codesdiscretion of conduct generally focusour Board of Directors and will depend upon, among other things, future earnings, operating and financial conditions, capital requirements, general business conditions and other pertinent facts.  Therefore, there can be no assurance that any dividends on protecting consumers against unwanted e-mails being delivered to their mobile devices.


Employees


We have three full-time employees, including our President , and  two part-time employees , including our Vice President ..  We believe we have a good working relationship with our employees, which are not represented by a collective bargaining organization. We also use third-party consultants to assistcommon stock will be paid in the completionfuture.


Securities Authorized For Issuance Under Equity Compensation Plans

On November 9, 2012, the Company adopted a stock option plan allowing the Company's directors to grant options to purchase up to 2,000,000 shares of various projects; third parties are instrumentalthe Company's common stock pursuant to keep the developmentterms and conditions of projects on time and on budget.  Our management expects to continue to use consultants, attorneys, and accountants as necessary, to complement services rendered by our employees.





the stock option plan.


MANAGEMENT DISCUSSION AND ANALYSIS


THE FOLLOWING

MANAGEMENT'S DISCUSSION AND ANALYSIS SHOULD BE READ TOGETHER WITH THE CONSOLIDATEDOF FINANCIAL STATEMENTSCONDITION AND RESULTS OF APPIPHANY TECHNOLOGIES HOLDINGS CORP. AND THE NOTES TO CONSOLIDATED FINANCIAL STATEMENTS INCLUDED ELSEWHERE IN THIS REGISTRATION STATEMENT ON FORM S-1.

OPERATION

OVERVIEW


We are a diversified technol­ogy company whose primary business is centered on creatingYou should read the following discussion of our financial condition and developing Apps for customersresults of operations in conjunction with financial statements and third-party businesses utilizing Apps designed for the iPhone, iPod Touch,notes thereto included elsewhere in this prospectus. The following discussion contains forward-looking statements that reflect our plans, estimates and iPad manufactured and marketed by Apple, Inc.  We have designed and developed a variety of Apps that are currently available for purchase through Apple, Inc., and we arebeliefs. Our actual results could differ materially from those discussed in the processforward-looking statements. Factors that could cause or contribute to these differences include those discussed below and elsewhere in this prospectus, particularly in the section labeled "Risk Factors."

This section of developing additional Appsthe prospectus includes a number of forward-looking statements that reflect our current views with respect to future events and products. We believefinancial performance. Forward-looking statements are often identified by words like "believe," "expect," "estimate," "anticipate," "intend," "project," and similar expressions, or words that, by their nature, refer to future events. You should not place undue certainty on these forward-looking statements, which apply only as of the Company will evolve into a third-party accessories company, integrat­ingdate of this prospectus. These forward-looking statements are subject to certain risks and uncertainties that could cause actual results to differ materially from historical results or our accessoriespredictions.
Year Ended April 30, 2016 (audited)
Our financial statements are stated in United States dollars (USD or US$) and are prepared in accordance with United States Generally Accepted Accounting Principles. All references to function"common shares" refer to the common shares in our capital stock.

The following discussion should be read in conjunction with our Apps. We aimfinancial statements and the related notes that appear elsewhere in this registration statement. The following discussion contains forward-looking statements that reflect our plans, estimates and beliefs. Our actual results could differ materially from those discussed in the forward-looking statements. Factors that could cause or contribute to maximize user expe­rience while exploring the innovative technological possibilities of today.  such differences include those discussed below and elsewhere in this registration statement.

Our goal is to build a reputation as a leading developer of Appsinterim financial statements are stated in United States dollars and App software, and maintain a balanced company through streamlined web-based marketing and sales.   In addition,are prepared in accordance with United States Generally Accepted Accounting Principles.

Since we are evaluating the feasibility of providing additional services, including web design, graphic design, hosting, marketing, and new business consulting focused on technol­ogy implementation.


The relatively new field of App development is a fiercely competitive industry due to rapid changes in technology, products, services, customer requirements and operating standards.  We must continually improve the performance, features and reliability of our App software, particularly in response to our competition. Our success will depend, in part, on our ability to enhance our existing products and services, develop new products, services and technologies that address the increasingly sophisticated and varied needs of our target markets, and respond to technological advances and emerging industry standards and practices on a cost-effective and timely basis.  

We remain a development stage company, without an established historythere is no assurance a commercially viable business will be identified in the near term. Our plan of profitability, or substantial or steady revenues. Our operating results are regularly reviewed by our management on a consolidated basis, principallyoperation is to make decisions about how we allocate our resourcesseek for opportunities in the green and renewable energy industry.


Liquidity and Capital Resources
As of April 30, 2016, the Company's total asset balance was $1,327, compared to measure our consolidated operating performance. We currently generate substantially all of our revenue through our App design and development.


Management focuses on a wide variety of financial measurements to assess our financial health and prospects but principally upon (1) revenues generated from sales of our current products and services, (2) operating expenses, (3) current assets, especially cash and cash equivalents, used to fund operating losses thus far incurred, and (4) current liabilities.


RESULTS OF OPERATIONS


Results of Operations


For the period ended October 31, 2010, the Company earned $4,031 of revenues from the sale of Apps and incurred $76,028 of operating expenses, which included $40,391 in professional fees relating to audit, accounting, and legal fees incurred with respect to the S-1 reporting and$ 126 for the recapitalization transaction, $5,833year ended April 30, 2015. The increase in total assets is largely due to an overall increase in accounts receivable for amounts receivable from clients for operating activities.


As of payroll and salaries, $10,000 of consulting fees, and $19,645 of general and administrative fees related to the day-to-day expenditures of the Company.


During the period from inception to October 31, 2010, the Company earned $4,031 of revenues and incurred $143,530 of operating expenses including $49,588 of professional fees relating to accounting and legal fees incurred with the incorporation of the Company and drafting of agreements, $63,963 of general and administrative expenses, $10,000 of consulting fees, and $19,820 of payroll and salaries.    


LIQUIDITY AND CAPITAL RESOURCES


As at October 31, 2010,April 30, 2016, the Company had assetstotal liabilities of $5,183$477,202 compared with assetstotal liabilities of $17,305$586,807 as at April 30, 2010. Assets at October 31, 2010 are comprised2015. The decrease in total liabilities was attributed to a decrease of cash$217,789 in derivative liability, which was offset by an increase of $3,537$71,344 in accounts payable and computer hardwareaccrued liabilities, $34,202 in amounts due to related parties, and $4,616 in notes payable.


As of $1,646.  All assets at April 30, 2010 were comprised of cash.  


As at October 31, 2010,2016, the Company had a working capital deficit of $121,144$475,875 compared with a deficit$ 586,681 as of $47,501 at April 30, 2010.2015.  The increasedecrease in the working capital deficit iswas largely attributed increasesto a decrease in the derivative liability relating to the fair value of the conversion feature of the convertible debenture, which was offset by an increase in accounts payable of $25,548 due to working capital expenditures which remain unpaid due to the lack of sufficientlimited cash flow inavailable within the Company $27,123 ofto repay outstanding notes payable relating to financing for the Company’s general operationsobligations as well as increase of $7,204 of expenditures from related parties.  




26



they became due.

Cashflows from Operating Activities


During the periodyear ended October 31, 2010,April 30, 2016, the Company used $39,086$9,377 of cash for operating activities as compared to $2,696with $61,645 of cash for operating activities during the periodyear ended April 30, 2010.2015. The increasedecrease in cash flows used for operating activities was based on the fact that the Company only had limited cash flows from financing activities during the year and had only commenced operating activity on its Watchdog license near the end of fiscal 2016.
18


Cashflows from Investing Activities

During the years ended April 30, 2016 and 2015, the Company did not have any investing activities.

Cashflows from Financing Activities

During the year ended April 30, 2016, the Company received $9,700 of cash from financing activities, which was comprised of $5,084 received from related parties and the issuance of $4,616 of notes payable.  During the year ended April 30, 2015, the Company received $56,443 in proceeds from financing activities comprised of $77,500 from the issuance of convertible debentures offset by repayment of $29,850 to related parties, and additional proceeds of $8,793 from related parties.

Results of Operations

Working Capital

 Year End April 31, 
 2016 2015 
     
Current Assets $1,327  $126 
Current Liabilities  477,202   586,807 
Working Capital Deficiency $(475,875) $(586,681)
Cash Flows
 Year End April 31, 
 2016 2015 
     
Net cash used in Operating Activities $(9,377) $(61,645)
Net cash used in Investing Activities  -   - 
Net cash provided by Financing Activities  9,700   56,443 
Net increase (decrease) in Cash during the Period  323   (5,202)

Operating Revenues

During the years ended April 30, 2016 and April 30, 2015, the Company recorded revenues of $904 and $258, respectively.

Operating Expenses and Net Loss

During the year ended April 30, 2016, the Company recorded operating expenses of $197,211 compared with $233,774 for the year ended April 30, 2015.  The decrease in operating expenses of $36,563 was attributed to a decrease of $24,565 for management fees, and $39,838 in general and administrative expense due to a decrease in the overall operating activity of the Company during the fiscal year offset by increases in professional fees of $27,840 for legal fees incurred for SEC filing services.

Net loss for the year ended April 30, 2016 was $125,638 compared with $797,865 during the year ended April 30, 2015.  In addition to the decrease in operating expenses, the Company recorded a $90,324 gain on the change in fair value of derivative liability, and interest and accretion expense of $19,655 related to the outstanding convertible notes payable.  During the year ended April 30, 2015, the Company recorded a $431,203 loss on the change in fair value of derivative liability, and $133,146 of interest and accretion expense.  The decrease in interest and accretion expense is due to the fact that a significant amount of convertible notes were attributedfully accreted in fiscal 2015 resulting in lower accretion costs in fiscal 2016.  The decrease in the change in the fair value of derivate liabilities is due to the fact that the periodCompany's share price had a lower volatility in fiscal 2016 resulting in a lower overall change in derivative liability.

For the year ended April 30, 2010, the level of operations were minimal and were settled by related parties whereas in the current period, a significant portion of the general expenditures were settled by proceeds from financing activities.  


Cashflows from Investing Activities


During the period ended October 31, 2010,2016, the Company used proceedsrecorded a loss per share of $1,805$0.01 per share compared with a loss per share of $1.00 per share for investing activities as compared to $nil during the periodyear ended April 30, 2010.  The increase in cash from investing activities is attributed to the purchase of computer hardware of $1,805.  


Cashflows from Financing Activities


During the period ended October 31, 2010, the Company received proceeds of $27,123 from financing activities as compared to $20,001 for the period ended April 30, 2010.  The proceeds received during the period ended October 31, 2010 were attributed to issuances of notes payable, where the amounts are unsecured, due interest at 10% per annum, and due on demand.  During the period ended April 30, 2010, the proceeds received were attributed from the issuance of 400,000 common shares at $0.05 per common share.    


As at October 31, 2010, the Company has a going concern assumption as the Company has not earned significant revenues, has no certainty of earning revenues in the future, and has incurred a net loss of $139,499 since inception.  

The Company may require additional financing to continue operations–either from management, existing shareholders, or new shareholders through equity financing. These factors raise substantial doubt regarding the Company’s ability to continue as a going concern. The financial statements do not include any adjustments to the recoverability and classification of recorded asset amounts and classification of liabilities that might be necessary should the Company be unable to continue as a going concern.  


We anticipate that our current cash and cash equivalents, anticipated cash flow from operations and the proceeds from the sale of the maximum amount of shares being offered hereunder will only be sufficient to meet our anticipated cash needs for the next 8-10 months.   If we are able to sell only 50%, 25% or 10% of our offered shares, we anticipate that we will only be able to meet our anticipated cash needs for the next 4-5 months, 2-3 months, or 0-2 months, respectively.


We estimate that our maximum amount of expenses over the next 10-12 months will be approximately $215,000 as described in the table below. These estimates may change significantly depending on the nature of our future business activities and our ability to raise additional capital from shareholders or other sources. Some of these estimates will be paid for out of the proceeds of this offering, assuming we are successful in raising any such proceeds. However, we will not use our offering proceeds to repay the notes payable or related party obligations. We intend to repay these financial obligations from the amount of cash we have on hand, any additional financing we may receive and our anticipated future revenues. The notes payable are due on the earlier of: i) the one year anniversary of the loan date or ii) when the company completes an offering under Regulation D, Regulation S or Section 4(2) of the Securities Act of 1933. The Company will have to gener ate sufficient revenues before it can repay its related party obligations. Any repayment prior to the Company generating sufficient revenue to do so would have a significant negative impact on the Company's ability to initiate its business plan.  


Description

Target completion

date or period

Estimated

maximum expenses

Legal and accounting fees

10-12 months

$45,000

Marketing and advertising

10-12 months

$20,000

Business Development

10-12 months

$30,000

General and administrative

10-12 months

$20,000

Notes Payable and Related Party Transactions

10-12 months

$100,000

TOTAL

10-12 months

$215,000


The foregoing chart sets forth estimates of the Company’s total maximum operational expenses for the initial 12 month period following effectiveness of this offering. The amounts are not limited to proceeds received under this offering, if any, and therefore in order to reach our targets, we will need additional funds in the form of financing or revenues.


To date, we have designed and developed a variety of Apps that are currently available for purchase through Apple, Inc., and we are in the process of developing additional Apps and products.  Our current products, services and projects are described in further detail in the section of this prospectus titled “DESCRIPTION OF OUR BUSINESS”, under “Products and Services” starting on page 23. Over the next 12 months, we intend to continue developing and marketing our Apps. Some of our Apps are already commercially marketed and sold through the iTunes store and it is our intention to offer more as we design and develop them. We have already begun generating revenues from the sale of our Apps , and we intend to continue generating such revenues over the next 12 months.



2015.


Off-Balance Sheet Arrangements


We have no significant off-balance sheet arrangements that have or are reasonably likely to have a current or future effect on our financial condition, changes in financial condition, revenues or expenses, results of operations, liquidity, capital expenditures or capital resources.

resources that are material to stockholders.

19


Changes In

Future Financings

We will continue to rely on equity sales of our common shares in order to continue to fund our business operations. Issuances of additional shares will result in dilution to existing stockholders. There is no assurance that we will achieve any additional sales of the equity securities or arrange for debt or other financing to fund planned acquisitions and Disagreements with Accountants on Accounting and Financial Disclosure

exploration activities.


Since inception, we have had no changes in or disagreements with our accountants. Our audited financial statements have been included in this Prospectus in reliance upon M&K CPAs, PLLC, Independent Registered Public Accounting Firm, as experts in accounting and auditing.


Critical Accounting Policies


Our financial statements and accompanying notes have been prepared in accordance with United States generally accepted accounting principles applied on a consistent basis. The preparation of financial statements in conformity with U.S. generally accepted accounting principles requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities, the disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting periods.

We regularly evaluate the accounting policies and estimates that we use to prepare our financial statements. A complete summary of these policies is included in Note 2 ofthe notes to our audited financial statements. In general, management's estimates are based on historical experience, on information from third-partythird party professionals, and on various other assumptions that are believed to be reasonable under the facts and circumstances. Actual results could differ from those estimates made by management.


Recently Issued

Application Of Critical Accounting Pronouncements


In March 2010,Policies Basis Of Presentation

These financial statements and related notes are presented in accordance with Generally Accepted Accounting Principles in the FASB (FinancialUnited States of America ("US") and are expressed in US dollars. The Company is a development stage company as defined by Statement of Financial Accounting Standards Board) issuedStandard ("SFAS") No. 7, "Accounting and Reporting by Development Stage Enterprises" and has not realized any revenues from its planned operations to date.
Use Of Estimates And Assumptions
The preparation of financial statements in conformity with Generally Accepted Accounting Standards Update 2010-11 (ASU 2010-11), “DerivativesPrinciples requires management to make estimates and Hedging (Topic 815): Scope Exception Related to Embedded Credit Derivatives.”  The amendments in this Update are effective for each reporting entityassumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the beginningdate of the financial statements and the reported amounts of revenues and expenses during the reporting period. The Company bases its first fiscal quarter beginning after June 15, 2010.  Early adoptionestimates and assumptions on current facts, historical experience and various other factors that it believes to be reasonable under the circumstances, the results of which form the basis for making judgments about the carrying values of assets and liabilities and the accrual of costs and expenses that are readily apparent from other sources. The actual results experienced by the Company may differ materially from the Company's estimates. To the extent there are material differences, future results may be affected.

Income Taxes
Deferred tax assets and liabilities are recorded for temporary differences between the tax basis of assets and liabilities, and the reported amounts in the consolidated financial statements using the statutory tax rates in effect for the year when the reported amount of the asset or liability is permittedrecovered or settled, respectively. The effect on deferred tax assets and liabilities of a change in tax rates is recognized in the results of operations in the period that includes the enactment date. A valuation allowance is recorded to reduce the carrying amounts of deferred tax assets to the amount that is more likely than not to be realized. For each tax position taken or expected to be taken in a tax return, the Company determines whether it is more likely than not that the position will be sustained upon examination based on the technical merits of the position, including resolution of any related appeals or litigation. A tax position that meets the more likely than not recognition threshold is measured to determine the amount of benefit to recognize. The tax position is measured at the beginninglargest amount of each entity’s first fiscal quarter beginning after issuancebenefit that is greater than 50% likely of this Update.  being realized upon settlement.
Loss Per Share
The Company computes net loss per share of both basic and diluted loss per share ("LPS") on the face of the statement of operations. Basic LPS is computed by dividing the net loss available to common shareholders by the weighted average number of outstanding common shares during the period. Diluted LPS gives effect to all potentially dilutive common shares outstanding during the period, including convertible debt, stock options and warrants, using the treasury stock method. The computation of diluted LPS does not expectassume conversion, exercise or contingent exercise of securities that would have an anti-dilutive effect on LPS.
Stock-Based Compensation
The Company has adopted the fair value recognition policy, whereby, compensation expense is recognized for all share-based payments based on the fair value at monthly vesting dates, estimated in accordance with the provisions of ASU 2010-11 to have a material effect onSFAS 123R.
All transactions in which goods and services are the financial position, resultsconsideration received for the issuance of operations or cash flows of the Company.


In February 2010, the FASB Accounting Standards Update 2010-10 (ASU 2010-10), “Consolidation (Topic 810): Amendments for Certain Investment Funds.”  The amendments in this Updateequity instruments are effective as of the beginning of a reporting entity’s first annual period that begins after November 15, 2009 and for interim periods within that first reporting period. Early application is not permitted.  The Company’s adoption of provisions of ASU 2010-10 did not have a material effect on the financial position, results of operations or cash flows.


In February 2010, the FASB issued ASU No. 2010-09 “Subsequent Events (ASC Topic 855) “Amendments to Certain Recognition and Disclosure Requirements” (“ASU No. 2010-09”). ASU No. 2010-09 requires an entity that is an SEC filer to evaluate subsequent events through the date that the financial statements are issued and removes the requirement for an SEC filer to disclose a date, in both issued and revised financial statements, through which the filer had evaluated subsequent events. The adoption did not have an impact on the Company’s financial position and results of operations.


In January 2010, the Financial Accounting Standards Board (“FASB”) issued Accounting Standards Update (“ASU”) No. 2010-06, “Improving Disclosures about Fair Value Measurements.” ASU No. 2010-06 amends FASB Accounting Standards Codification (“ASC”) 820 and clarifies and provides additional disclosure requirements related to recurring and non-recurring fair value measurements and employers’ disclosures about postretirement benefit plan assets. This ASU is effective for interim and annual reporting periods beginning after December 15, 2009. The adoption of ASU 2010-06 did not have a material impact on the Company’s financial statements.


In January 2010, the FASB issued an amendment to ASC 505, Equity, where entities that declare dividends to shareholders that may be paid in cash or shares at the election of the shareholders are considered to be a share issuance that is reflected prospectively in EPS, and is not accounted for as a stock dividend.  This standard is effective for interim and annual periods ending on or after December 15, 2009 and is to be applied on a retrospective basis. The adoption of this standard is not expected to have a significant impact on the Company’s consolidated financial statements.  





In January 2010, the FASB issued an amendment to ASC 820, Fair Value Measurements and Disclosure, to require reporting entities to separately disclose the amounts and business rationale for significant transfers in and out of Level 1 and Level 2 fair value measurements and separately present information regarding purchase, sale, issuance, and settlement of Level 3 fair value measures on a gross basis.  This standard, for which the Company is currently assessing the impact, is effective for interim and annual reporting periods beginning after December 15, 2009 with the exception of disclosures regarding the purchase, sale, issuance, and settlement of Level 3 fair value measures which are effective for fiscal years beginning after December 15, 2010.  The adoption of this standard is not expected to have a significant impact on the Company’s consolidated financial statements.  


In October 2009, FASB issued an amendment to the accounting standards related to the accounting for revenue in arrangements with multiple deliverables including how the arrangement consideration is allocated among delivered and undelivered items of the arrangement. Among the amendments, this standard eliminated the use of the residual method for allocating arrangement considerations and requires an entity to allocate the overall consideration to each deliverable based on an estimated selling price of each individual deliverable in the arrangement in the absence of having vendor-specific objective evidence or other third party evidence of fair value of the undelivered items. This standard also provides further guidanceconsideration received or the fair value of the equity instrument issued, whichever is more reliably measurable. Equity instruments issued to Advisory Board members and the cost of the services received as consideration are measured and recognized based on howthe fair value of the equity instruments issued.

20

On November 9, 2012, our shareholders adopted a stock option plan allowing the Company's directors to determine a separate unitgrant options to purchase up to 2,000,000 shares of accountingthe Company's common stock pursuant to the terms and conditions of the stock option plan. However no options have been granted as of the date of this registration statement and therefore no stock-based compensation has been recorded to date for stock options.

CHANGES IN AND DISAGREMENTS WITH ACCOUNTANTS

There have been no recent changes in a multiple-deliverable revenue arrangement and expands the disclosure requirements about the judgments made in applying the estimated selling price method and how those judgments affect th e timing or amount of revenue recognition. This standard, for whichCompany's independent auditing accountant, nor have the Company is currently assessing the impact, will become effective on January 1, 2011.


In October 2009, the FASB issued an amendment to the accounting standardsand its independent auditing accountant had disagreements related to certain revenue arrangements that include software elements. This standard clarifies the existing accounting guidance such that tangible products that contain both software and non-software components that function together to deliver the product’s essential functionality, shall be excluded from the scope of the software revenue recognition accounting standards. Accordingly, sales of these products may fall within the scope of other revenue recognition standards or may now be within the scope of this standard and may require an allocation of the arrangement consideration for each element of the arrangement. This standard, for which the Company is currently assessing the impact, will become effective on January 1, 2011.


The Company has implemented all new accounting pronouncements that are in effect. These pronouncements did not have any material impact on the financial statements unless otherwise disclosed, and the Company does not believe that there are any other new accounting pronouncements that have been issued that might have a material impact on its financial position or results of operations

disclosure.


DIRECTORS, EXECUTIVE OFFICERS, PROMOTERS, AND CONTROL PERSONS

The Board of Directors elects our executive officers annually. A majority vote of the directors who are in office is required to fill vacancies. Each director shall be elected for the term of one year, and until his successor is elected and qualified, or until the earlier of his resignation or removal. Information on our Board of Directors and executive officers is included below. Our executive officers are appointed annually by our Board of Directors. Our executive officers hold their offices until they resign, are removed by the Board, or their successor is elected and qualified.
Identification of Directors and Executive Officers

The following table sets forth the names and ages of our current directors and executive officers. Ourofficers:

NameAgePosition with the CompanySince
Rob Sargent58President, CEO, CFO, Treasurer & Secretary and Director (1)
(1) Mr. Sargent was appointed President, CEO, CFO, and to the Board of Directors appoints our executive officers. Our directors serve until the earlier occurrence of the election of his or her successor at the next meeting of stockholders, death, resignation or removal by the Board of Directors. There are no family relationships among our directors or executive officers.


Name

Age

Position

Jesse Keller

31

President, CEO, CFO, Treasurer and Director

Jonas Klippenstein

38

Secretary and Director


Jesse Keller - Mr. Keller has an extensive background in sales and marketing for various industries.  His introduction to online marketing and sales began in 1998 when he helped develop and sell turnkey software solutions to companies and private individuals looking to invest in the industry.  This allowed him to develop advanced technical knowledge which he has parlayed into several successful business ventures to date.  In 2001, Mr. Keller relocated to San Jose, Costa Rica to pursue a marketing manager / software development position. Then in 2003, Mr. Keller founded a media investor relations company.  From 2001 through 2004, Mr. Keller served as President and Director of Can West Media, Inc., an online marketing and consulting company that works with companies around the world and whose services include search engine marketing, affiliate marketing, web design, graphic design and webmaster/customer service.  Fr om 2004 through 2009, Mr. Keller held the positions of President and Director of 250media.com, which provides investor relations services to low to mid-cap public companies including public relations services, investor relations, visual communications, web development, brand design, brochure and business collateral production.  Mr. Keller was appointed as Director of the Company becauseon October 13, 2014.


Identification of his broad technical background in online marketing, web design, graphic design, webmaster/customer service, and web development, his prior positions as President and Director of both Can West Media, Inc. and 250media.com, and his knowledge of investor relations, consulting and business ventures.  



Certain Significant Employees


Jonas Klippenstein – Since January 2011,

Mr. Klippenstein has been the Senior Security Consultant for Canada Natural Resources, a large- scale independent crude and natural gas producer located in Northern Alberta, Canada. From 1997 to 2010, Mr. Klippenstein was the President and Director of Highland Security Group Ltd where he has managed hundreds of employees and managed hundreds of thousands of dollars of budgets per year.  Jonas has been involved in startup corporations since 1992 where he worked with a biotechnology company and promoted an eye care line as well as a new development technology with Retractable Syringe Technologies.  Mr. Klippenstein has been involved in negotiations with such large companies as Terumo, Novartis and Becton Dickinson.   He also worked in 2003 as a development manager for a marketing agency, McLean Group Marketing, attracting and successfully delivering outstanding marketing campaigns for various large corporations. In light of Mr. Klippenstein’s experience with resource management and his marketing skills, the Company determined that Mr. Klippenstein would be a good fit for the Company’s Board of Directors.


EXECUTIVE COMPENSATION


Summary Compensation Table


Name and

Principal

Position

Title

Year

Salary

($)

Bonus

($)

Stock

Awards

($)

Option

Awards

($)

Non-Equity

Incentive Plan

Compensation

($)

Nonqualified

Deferred

Compensation

Earnings

($)

All other

compensation

($)

Total

(a)

 

(b)

(c)

(d)

(e)

(f)

(g)

(h)

(i)

(j)

Jesse Keller (1)

President,

CEO, CFO,

Treasurer and

Director

2010

$--

$2,000(3)

-0-

-0-

-0-

-0-

-0-

$--

Jonas

Klippenstein(2)

Secretary and

Director

2010

$--

$2,000(3)

-0-

-0-

-0-

-0-

-0-

$--


Notes to Summary Compensation Table:


(1)

Mr. Keller,the President, CEO, CFO, Treasurer and Director of the Company, currently has committed to devote 10 – 25 hours per week providing management services to us. He has agreed to work with no cash remuneration until such time as the Company receives sufficient revenues necessary to provide management salaries.  Once the CompanySargent is able to provide Mr. Keller with a management salary, he intends to commit a minimum of 40 hours per week to the Company.  Mr. Keller currently devotes time to other projects outside of the Company, including providing artistic design services to clients around the world.


(2)

Mr. Klippenstein,the Secretary and Director of the Company, currently has committed to devote 10 - 20 hours per week providing management services to us. He has agreed to work with no cash remuneration until such time as the Company receives sufficient revenues necessary to provide management salaries. At this time, management cannot accurately estimate when sufficient revenues will occur to implement this compensation, or what the amount of the compensation will be.  Once the Company is able to provide Mr. Klippenstein with a management salary, he intends to commit a minimum of 40 hours per week to the Company.  Outside of the Company, Mr. Klippenstein currently works as a Security Consultant to multiple security companies.


(3)

The stock awards to Mr. Keller and Mr. Klippenstein were issued beginning February 25, 2010 for management services rendered in connection with the formation of the Company. This dollar estimate is based on the grant date aggregate fair value at the close of business in accordance with FASB ASC Topic 718.


There are no annuity, pension or retirement benefits proposed to be paid to officers, directors or employees in the event of retirement at normal retirement date pursuant to any presently existing plan provided or contributed to by the Company or any of its subsidiaries, if any.





Outstanding Equity Awards since Inception:


 

 

OPTION AWARDS

 

STOCK AWARDS

 

Name

 

Number of Securities Underlying Unexercised Options (#) Exercisable

 

 

Number of Securities Underlying Unexercised Options (#) Unexercisable

 

 

Equity Incentive Plan Awards: Number of Securities Underlying Unexercised Unearned Options

(#)

 

 

Option Exercise Price ($)

 

Option Expiration Date

 

Number of Shares or Units of Stock that have not Vested (#)

 

 

Market Value of Shares or Units of Stock that have not Vested

($)

 

 

Equity Incentive Plan Awards: Number of Unearned Shares, Units or Other Rights that have not Vested

($)

 

 

Equity Incentive Plan Awards: Market or Payout Value of Unearned Shares, Units or Other Rights that have not Vested

($)

 

(a)

 

(b)

 

 

(c)

 

 

(d)

 

 

(e)

 

(f)

 

(g)

 

 

(h)

 

 

(i)

 

 

(j)

 

None

 

0

 

 

0

 

 

0

 

 

0

 

0

 

0

 

 

0

 

 

0

 

 

0

 


Long-Term Incentive Plans


We currently have no Long-Term Incentive Plans.


Director Compensation


None.


Significant Employees /Consultants


We have threeour only full-time employees, including our President, and two part-time employees, including our Vice President.employee. We use consultants and independent contractors on a case-to-case basis. We use developers on a contract or limited basis to develop code for the Apps.apps. As such developers are hired on an “as-needed”as-needed basis, we do not have agreements in place with the developers, nor do we plan on entering into agreements with the developers. In the future, we intend on having a team of in-house developers who are employees of the Company.

Security Holders Recommendations


Family Relationships

None.

Business Experience

Rob Sargent, 58, President, CEO, CFO, Director. Mr. Sargent is a seasoned software professional excelling in database/application interaction and extensible data modeling. In 1995 he co-founded with four partners Cimarron Software, a software company supplying laboratory information management systems in the bio-technology sphere.  Currently, he is the vice president, board member, and advisor to Sampleminded, Inc., a follow-on enterprise to Cimarron. Mr. Sargent possesses a broad perspective over software organization, implementation, testing and deployment with a solid grounding in system integration. Mr. Sargent has a keen ability to sift out what is needed from what is desired.
Legal Proceedings
No officer, director, person nominated for such positions, nor promoter or significant employee has been involved in the last ten years in any of the following:

·Any bankruptcy petition filed by or against any business of which such person was a general partner or executive officer either at the time of the bankruptcy or within two years prior to that time;
·Any conviction in a criminal proceeding or being subject to a pending criminal proceeding (excluding traffic violations and other minor offense);
·Being subject to any order, judgment, or decree, not subsequently reversed, suspended or vacated, of any court of competent jurisdiction, permanently or temporarily enjoining, barring, suspending or otherwise limiting his involvement in any type of business, securities or banking activities;
·Being found by a court of competent jurisdiction (in a civil action), the Commission or the Commodity Futures Trading Commission to have violated a federal or state securities or commodities law, and the judgment has not been reversed, suspended, or vacated;
·Having any government agency, administrative finding, order, decree, or sanction against them as a result of their involvement in any type of business, securities, or banking activity;
·Being the subject of a pending administrative proceeding related to their involvement in any type of business, securities, or banking activity; and/or
·Having any administrative proceeding been threatened against you related to their involvement in any type of business, securities, or banking activity.

21

Audit Committee and Audit Committee Financial Expert

The Company does not have an audit committee or an audit committee financial expert (as defined in Item 407 of Regulation S-K) serving on its Board of Directors. All current members of the Board of Directors


Shareholders can direct communications lack sufficient financial expertise for overseeing financial reporting responsibilities.  The Company has not yet employed an audit committee financial expert on its Board due to our Chief Executive Officer, Jesse Keller,the inability to attract such a person.


The Company intends to establish an audit committee of the board of directors, which will consist of independent directors. The audit committee's duties will be to recommend to the Company's board of directors the engagement of an independent registered public accounting firm to audit the Company's financial statements and to review the Company's accounting and auditing principles. The audit committee will review the scope, timing and fees for the annual audit and the results of audit examinations performed by the internal auditors and independent registered public accounting firm, including their recommendations to improve the system of accounting and internal controls. The audit committee will at our executive offices. However, while we appreciate all commentstimes be composed exclusively of directors who are, in the opinion of the Company's board of directors, free from shareholders, we may not be able to individually respond to all communications. We attempt to address shareholder questions and concerns in our press releases and documents filedany relationship which would interfere with the SEC so that all shareholders have access to information about us at the same time. Mr. Keller collectsexercise of independent judgment as a committee member and evaluates all shareholder communications. All communications addressed to our directorswho possess an understanding of financial statements and executive officers will be reviewed by those parties unless the communication is clearly frivolous.

generally accepted accounting principles.


CODE OF ETHICS


Effective as

Code of the date hereof, theEthics

Our Board of Directors has not adopted a code of ethics due to the fact that we presently only have one director who also serves as the sole executive officer of the Company and the Board of Directors chose not to reduce to writing standards designed to deter wrongdoing and promote honest and ethical conduct. The Board of Directors believes that the Company's small size and the limited number of personnel who are responsible for its operations make a formal Code of Ethics forunnecessary. We anticipate that we will adopt a code of ethics when we increase either the number of our directors and officers or the number of our employees.

Compliance with Section 16(a) of the Exchange Act

Section 16(a) of the Securities Exchange Act of 1934 requires our directors and executive officers and employees.

persons who beneficially own more than ten percent of a registered class of our equity securities to file with the SEC initial reports of ownership and reports of change in ownership of common stock and other equity securities of the Company. Officers, directors and greater than ten percent stockholders are required by SEC regulations to furnish us with copies of all Section 16(a) forms they file. Based solely upon a review of Forms 3 and 4 and amendments thereto furnished to us under Rule 16a-3(e) during the year ended April 30, 2016, Forms 5 and any amendments thereto furnished to us with respect to the year ended April 30, 2016 and the representations made by the reporting persons to us, we believe that during the year ended April 30, 2016, our executive officers and directors and all persons who own more than ten percent of a registered class of our equity securities complied with all Section 16(a) filing requirements. 


SECURITY OWNERSHIP OF CERTAIN BENEFICIAL

OWNERS AND MANAGEMENT

EXECUTIVE COMPENSATION
The following table sets forth the compensation paid to our executive officers during the twelve-month periods ended April 30, 2016 and 2015:

Summary Compensation Table
Name and
Principal
Position
Fiscal Year
Ended 4/30
 
 
 
Salary
($)
Bonus
($)
Stock
Awards
($)
Option
Awards
($)
Non-Equity
Incentive
Plan
Compensation
($)
Nonqualified
Deferred
Compensation
Earnings
($)
All Other Compensation
($)
Total
($)
Jesse Keller (1)
Former President, CEO, CFO, Director, Secretary and Treasurer
201527,065-0--0--0--0--0--0-27,065
 2016-0--0--0--0--0--0--0--0-
Rob Sargent (2)
President, CEO, CFO, Director, Secretary and Treasurer
2015-0--0-97,500-0--0--0--0-97,500
 2016-0--0-100,000-0--0--0--0-100,000
(1) Mr. Keller was appointed as President, CEO, CFO and a director of the Company on February 23, 2010 and was appointed as Secretary and Treasurer on December 19, 2013. On October 13, 2014 Mr. Keller resigned from all executive positions. Mr. Keller resigned from the Board of Directors on October 23, 2014.
22


(2) Mr. Sargent was appointed as President, CEO, CFO, and a director of the Company on October 13, 2014.  During the year ended April 30, 2016, Mr. Sargent received $100,000 of stock-based compensation.  During the year ended April 30, 2015, Mr. Sargent received $97,500 of stock-based compensation.

Narrative Disclosure to Summary Compensation Table

There are no employment contracts, compensatory plans or arrangements, including payments to be received from the Company with respect to any executive officer, that would result in payments to such person because of his or her resignation, retirement or other termination of employment with the Company, or its subsidiaries, any change in control, or a change in the person's responsibilities following a change in control of the Company.

Outstanding Equity Awards at Fiscal Year-End

No executive officer received any equity awards, or holds exercisable or unexercisable options, as of the year ended April 30, 2016.
Long-Term Incentive Plans

There are no arrangements or plans in which we provide pension, retirement or similar benefits for directors or executive officers.  
Compensation Committee
We currently do not have a compensation committee of the Board of Directors. The Board of Directors as a whole determines executive compensation.

Compensation of Directors

Our directors receive no compensation for their service on our Board of Directors.

Summary Equity Awards Table
The following table sets forth certain information at February 2, 2011 , with respectfor our executive officers concerning unexercised options, stock that has not vested, and equity incentive plan awards as of April 30, 2016.
Outstanding Equity Awards At Fiscal Year-End April 30, 2016
  
Number of
Securities
Underlying
Unexercised
Options
(#)
Exercisable
  
Number of
Securities
Underlying
Unexercised
Options
(#)
Not exercisable
  
Equity
Incentive
Plan
Awards:
Number of
Securities
Underlying
Unexercised
Unearned
Options
(#)
  
Option
Exercise
Price
($)
  
Option
Expiration
Date
  
Number
of
Shares
or Units
of Stock
That
Have
Not
Vested
(#)
  
Market
Value
of
Shares
or Units
of Stock
That
Have
Not
Vested
($)
  
Equity
Incentive
Plan
Awards:
Number
Of
Unearned
Shares,
Units or
Other
Rights
That
Have Not
Vested
(#)
  
Equity
Incentive
Plan
Awards:
Market
or
Payout
Value of
Unearned
Shares,
Units or
Other
Rights
That
Have Not
Vested
($)
 
                            
Rob Sargent  0   0   0   0   0   0   0   0   0 

Corporate Governance
We have no members of our board of directors considered to be "independent" as the beneficial ownershipterm is used in Item 7(d)(3)(iv)(B) of Schedule 14A under the Securities Exchange Act of 1934, as amended, and as defined by Rule 4200(a)(15) of the NASDAQ Marketplace Rules.
We do not have any standing audit, nominating and compensation committees of the board of directors, or committees performing similar functions. We do not currently have a Code of Ethics applicable to our principal executive, financial or accounting officer. All Board actions have been taken by written action rather than formal meeting. All executive officers and employees have executed non-compete agreements as well as Foreign Corruption Practices Act (FCPA) pledges.
23


SECURITY OWNERSHIP OF CERTAIN BENEFICIAL OWNERS

The following table sets forth certain information concerning the number of shares of our common stock byowned beneficially as of December 7, 2016 by: (i) each of our directors; (ii) each of our named executive officers; and (iii) each person or group known by us to us who owns beneficially own more than 5% of theour outstanding shares of common stock (based upon reports which have been filed and other information known to us), (ii) each of our Directors, (iii) each of our Executive Officers and (iv) all of our Executive Officers and Directors as a group.stock.  Unless otherwise indicated, each stockholder hasthe shareholders listed below possess sole voting and investment power with respect to the shares shown.they own.  As of February 2, 2011 ,December 7, 2016, we had 5,900,000051,988,237 shares of common stock issued and outstanding.





Title of class

 

Name and address of beneficial owner

 

Amount and Nature

of Beneficial

Ownership

 

Percentage of

Common Stock(1)

Common Stock

 

Jesse Keller

403-1630 Pandosy St.

Kelowna, BC Canada V1Y 1P7

 

2,500,000

 

42.37%

 

 

 

 

 

 

 

Common Stock

 

Jonas Klippenstein

403-1630 Pandosy St.

Kelowna, BC Canada V1Y 1P7

 

2,500,000

 

42.37%

 

 

 

 

 

 

 

 

 

All Officers and Directors as a group

(total of 2)

 

5,000,000

 

84.75%

 

 

 

 

 

 

 

Common Stock

 

Garth Roy

403-1630 Pandosy St.

Kelowna, BC Canada V1Y 1P7

 

500,000

 

8.47%


(1)

Under Rule 13d-3 promulgated under the Exchange Act, a beneficial owner

Security Ownership of a security includes any person who, directlyCertain Beneficial Owners

Name and Address of Beneficial OwnerTitle of Class 
Amount and Nature of
Beneficial Ownership (1)
(#)
  
Percent of Class (2)
(%)
 
Media Convergence Group, LLC (3)
1951 Logan Ave
Salt Lake City UT
Common  20,000,000   38.47%
All Officers and Directors as a Group (1 Person)Common  20,000,000   38.47%

Security Ownership of Management
Name and Address of Beneficial OwnerTitle of Class 
Amount and Nature of
Beneficial
Ownership (1)
(#)
  
Percent of Class (2)
(%)
 
Rob Sargent (4)
1951 Logan Ave
Salt Lake City UT
Common  30,375,000   58.43%
All Officers and Directors as a Group (1 Person)Common  30,375,000   58.43%

(1)The number and percentage of shares beneficially owned is determined under rules of the SEC and the information is not necessarily indicative of beneficial ownership for any other purpose. Under such rules, beneficial ownership includes any shares as to which the individual has sole or shared voting power or investment power and also any shares which the individual has the right to acquire within 60 days through the exercise of any stock option or other right. The persons named in the table have sole voting and investment power with respect to all shares of common stock shown as beneficially owned by them, subject to community property laws where applicable and the information contained in the footnotes to this table.
(2)Based on 51,988,237 shares of common stock issued and outstanding as of December 7, 2016.
(3)Rob Sargent, the Company's President CEO, CFO, Secretary, Treasurer, and Director is the sole owner of Media Convergence Group, LLC.
(4)Rob Sargent is the Company's President CEO, CFO, Secretary, Treasurer, and Director.  His beneficial ownership includes 10,375,000 common shares issued to him personally and 20,000,000 common shares legally owned by Media Convergence Group, LLC, of which Mr. Sargent is the sole owner.

Changes in Control

There are no recent or indirectly, through any contract, arrangement, understanding, relationship,present arrangements or otherwise has or shares: (i) voting power, which includes the power to vote, or to direct the voting of shares; and (ii) investment power, which includes the power to dispose or direct the disposition of shares. Certain shares may be deemed to be beneficially owned by more than one person (if, for example, persons share the power to vote or the power to disposepledges of the shares). In addition, shares are deemed to be beneficially owned by a person if the person has the right to acquire the shares (for example, upon exercise of an option) within 60 days of the date as of which the information is provided. In computing the percentage ownership of any person, the amount of shares is deemed to include the amount of shares beneficially owned by such person (and only such person) by reason of these acquisition rights.


We are not aware of any arrangementsCompany's securities that couldwould result in a change in control of control.

the Company.


CERTAIN RELATIONSHIPS AND

TRANSACTIONS WITH RELATED TRANSACTIONS

PERSONS


On May 1, 2010,

During the year ended April 31, 2016, the Company entered into a Share Exchange Agreement with Appiphany Technologies Corp. ("ATC"), a company incorporated in British Columbia, Canada pursuantincurred $nil ($27,065 for 2015) of management fees to whichthe former President and Director of the Company. During the year ended April 30, 2015, the amount owing of $78,835 owing for accrued management fees and financing of day-to-day expenditures incurred on behalf of the Company acquired allwas forgiven and included in additional paid-in capital.

During the year ended April 30, 2016, the Company issued 10,000,000 (375,000 in 2015) common shares with a fair value of $100,000 ($97,500 in 2015) to the President and Director of the issued and outstanding shares of ATC in exchange for an aggregate of 1,500,000 shares of Appiphany issued equally to three shareholders, including our CEO, President, CFO, Treasurer and Director, Mr. Jesse Keller, our Secretary and Director, Mr. Jonas Klippenstein, and Garth Roy, a beneficial holder of shares of the Company’s common stock. The shares were issued pursuant to Section 4(2) and/or Rule 903 of Regulation S.

Company.


As at July 31, 2010,April 30, 2016, the Company owed $41,447 (April$nil ($499 in 2015) of professional fees paid on its behalf by the former Secretary and Treasurer of the Company, which is included in accounts payable and accrued liabilities.

As at April 30, 2010 - $699)2016, the Company owed $41,197 ($19,155 for 2015) and $21,289 (Cdn$26,715) ($8,769; Cdn$10,625 for 2015) to the President and Director of the Company Jesse Keller, for financing of day-to-day expenditures incurred on behalf of the Company. The amountsamount owing areis unsecured, non-interest bearing, and due on demand.

24


As at July 31, 2010,April 30, 2016, the Company owed $32,255 (April 30, 2010 - $nil)$nil ($9,000 in 2015) to a Directorthe former Secretary and Treasurer of the Company Jonas Klippenstein, for financing of day-to-day expenditures incurred on behalf of the Company.  The amounts owing are unsecured, non-interest bearing, and due on demand.


We currently utilize office space free of charge on a month-to-month basis from 250 Media Corp., of which our President, Jesse Keller, is the current Chief Executive Officer.  The office space is approximately 1000 square feet of industrial/office space with opportunities to expand our facilities.



in accrued compensation.


Notwithstanding

Other than the foregoing, none of the followingdirectors or executive officers of the Company, nor any person who owned of record or was known to own beneficially more than 5% of the Company's outstanding shares of its Common Stock, nor any associate or affiliate of such persons or companies, has any material interest, direct or indirect, material interest in any transaction to which we were or are a party sincethat has occurred during the beginning of our lastpast fiscal year, or in any proposed transaction, which has materially affected or will affect the Company.

With regard to whichany future related party transaction, we proposeplan to fully disclose any and all related party transactions in the following manner:

·Disclosing such transactions in reports where required;
·Disclosing in any and all filings with the SEC, where required;
·Obtaining disinterested directors consent; and
·Obtaining shareholder consent where required.

Director Independence
Our Board of Directors has not established audit, compensation, and nominating or governance committees as standing committees. The Board does not have an executive committee or any committees performing a similar function. We are not currently listed on a national securities exchange or in an inter-dealer quotation system that has requirements that a majority of the board of directors be independent. Presently there is one director, Rob Sargent, who is not an independent Board member.

Our directors receive no compensation for their service on our Board of Directors.
PART II - INFORMATION NOT REQUIRED IN PROSPECTUS
Item 13. OTHER EXPENSES OF ISSUANCE AND DISTRIBUTION

The following table is an itemization of all expenses, without consideration to future contingencies, incurred or expected to be a party:


(A)

anyincurred by our Corporation in connection with the issuance and distribution of our directors or executive officers;


(B)

any nominee for election as onethe common shares being offered by this Prospectus. Items marked with an asterisk (*) represent estimated expenses. We have agreed to pay all the costs and expenses of our directors;

this offering except the Dorado has agreed to pay the legal fees associated with the preparation of this registration statement.

Item Amount 
    
SEC Registration Fee $17 
Legal Fees and Expenses* $20,000 
Accounting Fees and Expenses* $12,500 
Miscellaneous* $5,000 
Total* $37,517 
Item 14. INDEMNIFICATION OF OFFICERS AND DIRECTORS

(C)

Pursuant to Section 607.0850 of the Nevada Revised Statutes, we have the power to indemnify any person who is knownmade a party to any lawsuit by us to beneficially own, directlyreason of being a director or indirectly, shares carrying more than 5%officer of the voting rights attached to our common stock;Registrant, or


(D)

any member serving at the request of the immediate familycorporation as a director, officer, employee or agent of another corporation, partnership, joint venture, trust or other enterprise against expenses (including spouse, parents, children, siblingsattorneys' fees), judgments, fines and in-laws) of anyamounts paid in settlement actually and reasonably incurred by him in connection with such action, suit or proceeding if he acted in good faith and in a manner he reasonably believed to be in or not opposed to the best interests of the foregoing persons named in paragraph (A), (B) or (C) above.


LEGAL MATTERS


The validity of the shares sold by us under this prospectus will be passed upon for us by Carrillo , Huettel & Zouvas , LLP in San Diego, California.  


EXPERTS

M&K CPAs, PLLC, our independent registered public accountant, has audited our financial statements included in this prospectuscorporation, and, registration statement to the extent and for the periods set forth in their audit report. M&K CPAs, PLLC has presented its report with respect to our audited financial statements.


COMMISSION POSITION ON

INDEMNIFICATION FOR SECURITIES ACT LIABILITIES


any criminal action or proceeding, had no reasonable cause to believe his conduct was unlawful. Our Articles of IncorporationBylaws provide that wethe Registrant shall indemnify ourits directors and officers to the fullest extent permitted by Nevada law and that none of our directors will be personally liable to the Company or its stockholders for monetary damages for breach of fiduciary duty as a director, except for liability:

law.


·

for any breach of the director’s duty of loyalty to the Company or its stockholders;

·

for acts or omissions not in good faith or that involve intentional misconduct or a knowing violation of the law;

·

under Nevada General Corporation Law for the unlawful payment of dividends; or

·

for any transaction from which the director derives an improper personal benefit.


These provisions require us to indemnify our directors and officers unless restricted by Nevada law and eliminate our rights and those of our stockholders to recover monetary damages from a director for breach of his fiduciary duty of care as a director except in the situations described above. The limitations summarized above, however, do not affect our ability or that of our stockholders to seek non-monetary remedies, such as an injunction or rescission, against a director for breach of his fiduciary duty.


Insofar as indemnification for liabilities arising under the Securities Act may be permitted to our directors, officers and controlling persons pursuant

With regard to the foregoing provisions, or otherwise, we have been advised that in the opinion of the Securities and Exchange Commission, such indemnification is against public policy as expressed in the Securities Act of 1933, as amended, and is, therefore, unenforceable.

In the event that a claim for indemnification against such liabilities (other than the payment by us of expenses incurred or paid by a director, officer or controlling person of the Corporation in the successful defense of any action, suit or proceeding) is asserted by such director, officer or controlling person in connection with the common shares being registered, we will, unless in the opinion of our counsel the matter has been settled by a controlling precedent, submit to a court of appropriate jurisdiction the question of whether such indemnification by us is against public policy as expressed in the Securities Act of 1933, as amended, and will be governed by the final adjudication of such case.


WHERE YOU CAN FIND MORE INFORMATION

25

Item 15. RECENT SALES OF UNREGISTERED SECURITIES

This prospectus,

Prior to this Offering, we offered and sold unregistered securities as described below. None of the issuances involved underwriters, underwriting discounts or commissions. We relied upon Section 4(2) of the Securities Act of 1933, as amended, and Regulation S promulgated thereunder, for the offer and sale of the securities. We believed these exemptions were available because:

·We are not a blank check company;
·Sales were made to non-United States persons; or
·As to sales to United States persons: (i) sales were not made by general solicitation or advertising; (ii) all certificates had restrictive legends or an exemption; (iii) sales were made to persons with a pre-existing relationship to our directors or executive officers; and/or (iv) sales were made to investors who represented that they were accredited investors.

In connection with the above transactions, although some of the investors may have also been accredited, we provided the following to all investors:

·Access to all our books and records.
·Access to all material contracts and documents relating to our operations.
·The opportunity to obtain any additional information, to the extent we possessed such information, necessary to verify the accuracy of the information to which the investors were given access. Prospective investors were invited to review at our offices at any reasonable hour, after reasonable advance notice, any materials available to us concerning our business.
On September 8, 2015, the Company issued 91,831 common shares upon the conversion of $188 of convertible note payable, $19 of accrued interest payable, and derivative liability of $348.

On November 17, 2015, the Company issued 10,000,000 common shares with a fair value of $100,000 to the President and Director of the Company for management services. Fair value was based on the closing market price on the date of issuance.

On December 8, 2015, the Company issued 550,000 common shares upon the conversion of $2,805 of convertible note payable and derivative liability of $16,083.

On January 14, 2016, the Company issued 20,000,000 common shares to the President and Director of the Company for the acquisition of licenses.

On April 7, 2016, the Company issued 1,300,000 common shares upon the conversion of $5,967 of convertible note payable and derivative liability of $111,034.

On May 17, 2016, the Company issued a convertible promissory note to an unrelated party for $33,000. Pursuant to the agreement, the note was issued with a 10% original issue discount and as such the purchase price was $30,000. The note is convertible into common stock of the Company at a price equal to 50% of the lowest trading price of the Company's common stock of either (i) the twenty-five prior trading days immediately preceding the issuance of the note or (ii) the twenty-five prior trading days including the day upon which constitutes a notice of conversion is received by the Company. The promissory note shall bear interest at 10% per annum and is due on May 17, 2017.

On June 13, 2016, the Company issued 3,217,352 shares of common stock for the conversion of $8,368 of convertible debentures.

On June 28, 2016, the Company issued 1,176,470 shares of common stock for the conversion of $3,000 of convertible debentures.

On July 27, 2016, the Company issued 1,579,800 shares of common stock for the conversion of $4,000 of convertible debentures and $28 of accrued interest.

On September 9, 2016, the Company issued 500,000 shares of common stock in consideration of services rendered, pursuant to an agreement .

On September 28, 2016 the Company issued 900,000 shares of common stock in consideration of services rendered, pursuant to an agreement.

On November 4, 2016, the Company issued 1,216,113 shares of common stock for the conversion of convertible debentures.

On November 30, 2016, the Company issued a total of 9,600,000 shares of common stock in consideration of services rendered, pursuant to agreements with multiple service providers.


26


Appiphany Technologies Holdings Corp.
Condensed Consolidated Balance Sheets

  
July 31,
2016
$
  
April 30,
2016
$
 
  (unaudited)    
ASSETS      
       
Current Assets      
       
Cash  61,448   323 
Accounts receivable  8,623   1,004 
         
Total Assets  70,071   1,327 
         
LIABILITIES        
         
Current Liabilities        
         
Accounts payable and accrued liabilities  210,298   195,999 
Due to related parties  34,528   62,486 
Convertible debenture, net of unamortized discount of $91,573 and $6,982, respectively  126,094   73,905 
Notes payable  14,616   4,616 
Derivative liability  360,746   140,196 
         
Total Liabilities  746,282   477,202 
         
STOCKHOLDERS' DEFICIT        
         
Preferred stock        
Authorized: 10,000,000 preferred shares with a par value of $0.001 per share Issued and outstanding: nil preferred shares      
         
Common stock        
Authorized: 250,000,000 common shares with a par value of $0.001 per share Issued and outstanding: 39,772,124 and 33,798,502 common shares, respectively  39,772   33,799 
         
Additional paid-in capital  1,402,709   1,281,817 
         
Accumulated deficit  (2,118,692)  (1,791,491)
         
Total Stockholders' Deficit  (676,211)  (475,875)
         
Total Liabilities and Stockholders' Deficit  70,071   1,327 
         

The accompanying notes are an integral part of the registration statement, does not contain all of the information set forth in the registration statement and the exhibits thereto. Statements contained in this prospectus as to the contents of any contract or other document that is filed as an exhibit to the registration statement are not necessarily complete and each such statement is qualified in all respects by reference to the full text of such contract or document. For further information with respect to us and the common stock, reference is hereby made to the registration statement and the exhibits thereto, which may be inspected and copied at the principal office of the SEC, 100 F Street NE, Washington, D.C. 20549, and copies of all or any part thereof may be obtained at prescribed rates from the Commission’s Public Reference Section at such addresses. Also, the SEC maintains a World Wide Web site on the Internet athttp://www.sec.gov that contains reports and other information regarding registrants that file electronically with the SEC. We also make available free of charge our annual, quarterly and current reports, and other information upon request. To request such materials, please contact Mr. Jesse Keller, our President and Chief Executive Officer.




these condensed consolidated financial statements.
27










APPIPHANY TECHNOLOGIES HOLDINGS CORP.

(A Development Stage Company)


Consolidated Financial Statements


For the Periods Ended October 31, 2010 (unaudited) and April 30, 2010








Consolidated Balance Sheets (unaudited)

F-2

Appiphany Technologies Holdings Corp.
Condensed Consolidated Statements of Operations
(unaudited)

F-3


  
For the three
months ended
July 31,
2016
$
  
For the three
months ended
July 31,
2015
$
 
       
Revenues  11,567    
Cost of goods sold  5,667    
         
Gross profit  5,900    
         
         
Operating Expenses        
         
Consulting fees  45,500    
General and administrative  13,648   (1,661)
Professional fees  27,684   12,299 
         
Total Operating Expenses  86,832   10,638 
         
Net loss before other income (expense)  (80,932)  (10,638)
         
Other Income (Expense)        
Interest expense  (4,385)  (10,339)
Gain (loss) on change in fair value of derivative liability  (237,379)  199,600 
Loss on extinguishment of debt  (4,505)   
         
Total Other Income (Expense)  (246,269)  189,261 
         
Net Income (Loss)  (327,201)  178,623 
 
Net Income (Loss) Per Share, Basic
  (0.01)  0.10 
         
Net Income (Loss) Per Share, Diluted  (0.01)  0.00 
 
Weighted Average Shares Outstanding – Basic
  35,949,635   1,856,671 
 
Weighted Average Shares Outstanding –Diluted
  35,949,635   46,332,464 

The accompanying notes are an integral part of these consolidated financial statements.

28


Appiphany Technologies Holdings Corp.
Condensed Consolidated Statements of Cash Flows (unaudited)

F-4

Consolidated StatementsCashflow


  
For the three months ended July 31, 2016
$
  
For the three months ended July 31, 2015
$
 
       
Operating Activities      
       
Net income (loss)  (327,201)  178,623 
         
Adjustments to reconcile net loss to net cash provided by operating activities:        
         
Amortization of discount on convertible debt payable  677   6,982 
Loss on extinguishment of debt  4,505   126 
Loss (gain) on change in fair value of derivative liability  237,379   (199,600)
         
Changes in operating assets and liabilities:        
         
Accounts receivable  (7,619)   
Accounts payable and accrued liabilities  25,540   12,218 
         
Net Cash Used In Operating Activities  (66,719   (1,651)
         
Financing Activities        
         
Proceeds from convertible debenture  145,000    
Proceeds from notes payable  10,000    
Proceeds from related party     1,651 
Repayment to related party  (27,156)   
         
Net Cash Provided by Financing Activities  127,844   1,651 
         
Increase in Cash  61,125    
         
Cash – Beginning of Period  323    
         
Cash – End of Period  61,448    
         
Supplemental Disclosures        
         
Interest paid      
Income tax paid      
         
Non-cash investing and financing activities        
         
Common stock issued for conversion of convertible debentures  126,865    
Debt discount on convertible notes and debt issuance costs  92,250    

The accompanying notes are an integral part of Stockholders’ Deficit (unaudited)

F-5

these consolidated financial statements.



29

Appiphany Technologies Holdings Corp.
Notes to the Consolidated Financial Statements for the Quarter Ended July 31, 2016
(unaudited)

F-6











APPIPHANY TECHNOLOGIES HOLDING CORP.

(A Development Stage Company)

Consolidated Balance Sheets

(Unaudited)


 

October 31, 2010

$

 April 30,

 2010

 $

 

 

 

ASSETS

 

 

 

 

 

Current Assets

 

 

 

 

 

Cash

3,537

17,305

 

 

 

Total Current Assets

3,537

17,305

 

 

 

Property and Equipment

1,646

 

 

 

 

5,183

17,305

 

 

 

LIABILITIES

 

 

 

 

 

Current Liabilities

 

 

 

 

 

Accounts payable and accrued liabilities

25,548

Notes payable

27,123

Due to related parties

72,010

64,806

 

 

 

Total Liabilities

124,681

64,806

 

 

 

STOCKHOLDERS’ DEFICIT

 

 

 

 

 

Preferred Stock

 

 

Authorized: 10,000,000 preferred shares with a par value of $0.001 per share

 

 

Issued and outstanding: nil preferred shares

 –

 

 

 

Common Stock

 

 

Authorized: 250,000,000 common shares with a par value of $0.001 per share

 

 

Issued and outstanding: 5,900,000 common shares

5,900

 5,900

 

 

 

Additional Paid-In Capital

14,101

 14,101

 

 

 

Accumulated Deficit during the Development Stage

(139,499)

(67,502)

 

 

 

Total Stockholders’ Deficit

(119,498)

(47,501)

 

 

 

Total Liabilities and Stockholders’ Deficit

5,183

17,305






APPIPHANY TECHNOLOGIES HOLDING CORP.

(A Development Stage Company)

Consolidated Statements of Operations

(Expressed in US dollars)

(unaudited)


 

 

For the three months ended October 31,

2010

$

 


For the three months ended October 31,

2009

$

 

For the six months ended

October 31,

2010

$

 

For the Period from June 4, 2009 (Date of Inception) to October 31,

2009

$

 

Accumulated from June 4, 2009 (Date of Inception) to October 31,

2010

$

 











Revenues

 

1,956

 

 

4,031

 

 

4,031

 

 

 

 

 

 

 

 

 

 

 

 

 

1,956

 

 

4,031

 

 

4,031

 

 

 

 

 

 

 

 

 

 

 

Operating Expenses

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Consulting Fees

 

10,000

 

 

10,000

 

 

10,000

Depreciation

 

150

 

 

159

 

 

159

General and Administrative

 

9,427

 

9,737

 

19,645

 

14,324

 

63,963

Professional Fees

 

20,891

 

 

40,391

 

1,000

 

49,588

Wages and salaries

 

3,223

 

3,998

 

5,833

 

3,998

 

19,820

 

 

 

 

 

 

 

 

 

 

 

Total Operating Expenses

 

43,691

 

(13,735)

 

76,028

 

(19,322)

 

143,530

 

 

 

 

 

 

 

 

 

 

 

Net Loss

 

(41,735)

 

(13,735)

 

(71,997)

 

(19,322)

 

(139,499)


Net Loss per Share – Basic and Diluted        

 


(0.01)

 

 


(0.01)

 

 

- -


Weighted Average Shares Outstanding – Basic and Diluted             

 


5,900,000

 

5,500,000

 


5,900,000

 

5,500,000

 

- -





APPIPHANY TECHNOLOGIES HOLDINGS CORP.

(A Development Stage Company)

Consolidated Statements of Cashflow

(Expressed in US dollars)

(unaudited)


 

For the six months ended

October 31,

2010

$

For the Period from June 4, 2009 (Date of Inception) to October 31,

2009

$

Accumulated from June 4, 2009 (Date of Inception) to October 31,

2010

$

 

 

 

 

Operating Activities

 

 

 

 

 

 

 

Net loss for the period

(71,997)

(19,322)

(139,499)

 

 

 

 

Items not involving cash

 

 

 

 

 

 

 

Depreciation

159

159

 

 

 

 

Changes in operating assets and liabilities:

 

 

 

 

 

 

 

Accounts payable and accrued liabilities

25,548

25,548

Due to related parties

7,204

20,264

72,010

 

 

 

 

Net Cash Provided By (Used In) Operating Activities

(39,086)

942

(41,782)

 

 

 

 

Investing Activities

 

 

 

 

 

 

 

Purchase of property and equipment

(1,805)

(1,805)

 

 

 

 

Net Cash Provided by Investing Activities

(1,805)

(1,805)

 

 

 

 

Financing Activities

 

 

 

 

 

 

 

Proceeds from issuance of common shares

20,001

Proceeds from notes payable

27,123

1

27,123

 

 

 

 

Net Cash Provided by Financing Activities

27,123

1

47,124

 

 

 

 

Increase in Cash

(13,768)

943

3,537

 

 

 

 

Cash – Beginning of Period

17,305

 

 

 

 

Cash – End of Period

3,537

943

3,537

 

 

 

 

 

 

 

 

Supplemental Disclosures

 

 

 

 

 

 

 

Interest paid

Income tax paid

 

 

 

 

Non-cash investing and financing activities

 

 

 

 

 

 

 

Shares issued for founders shares

 5,500

 5,500

 

 

 

 





APPIPHANY TECHNOLOGIES HOLDINGS CORP.

(A Development Stage Company)

Consolidated Statement of Stockholders’ Deficit

From June 4, 2009 (Date of Inception) to October 31, 2010

(Expressed in US dollars)


 

Common Stock

 

Additional

 

Accumulated

 

 

 

Shares

 

Par Value

 

Paid-In Capital

 

Deficit

 

Total

 

#

 

$

 

$

 

$

 

$

 

 

 

 

 

 

 

 

 

 

Balance – June 4, 2009 (Date of Inception)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Founders shares at $0.001 per share

5,500,000

 

5,500

 

(5,500)

 

 

 

 

 

 

 

 

 

 

 

 

Common stock issued for cash at $0.05 per share

400,000

 

400

 

19,601

 

 

20,001

 

 

 

 

 

 

 

 

 

 

Net loss for the period

 

 

 

(67,502)

 

(67,502)

 

 

 

 

 

 

 

 

Balance – April 30, 2010

5,900,000

 

5,900

 

14,101

 

(67,502)

 

(47,501)

 

 

 

 

 

 

 

 

 

 

Net loss for the period

 

 

 

(71,997)

 

(71,997)

 

 

 

 

 

 

 

 

 

 

Balance – October 31, 2010

5,900,000

 

5,900

 

14,101

 

(139,499)

 

(119,498)



F-5



APPIPHANY TECHNOLOGIES HOLDINGS CORP.

(A Development Stage Company)

Notes to the Consolidated Financial Statements

(Expressed in US dollars)



1.

Nature of Operations and Continuance of Business


The Company

Appiphany Technologies Holdings Corp. (the "Company") was incorporated in the State of Nevada on February 24, 2010 and is a development stage company as defined by FASB guidelines.2010. On May 1, 2010, the Company entered into a share exchange agreement with Appiphany Technologies Corporation (“ATC”("ATC"), a company incorporated in the province of British Columbia on June 24, 2009, to acquire all of the outstanding common shares of ATC in exchange for 1,500,000 common shares of the Company.  As the acquisition involved companies under common control, the acquisition was accounted for in accordance with ASC 805-50, Business Combinations – Related Issues, and the consolidated financial statements reflect the accounts of the Company and ATC since inceptioninception. On November 18, 2015, ATC was dissolved. The Company is in the business of ATC on June 24, 2009.  

providing online fraud protection services.


Going Concern


These consolidated financial statements have been prepared on a going concern basis, which implies that the Company will continue to realize its assets and discharge its liabilities in the normal course of business. As at OctoberJuly 31, 2010,2016, the Company has not recognized significant revenue, has a working capital deficit of $119,498,$676,211, and has an accumulated deficit of $139,499.$2,118,692. The continuation of the Company as a going concern is dependent upon the continued financial support from its management, and its ability to identify future investment opportunities and obtain the necessary debt or equity financing, and generating profitable operations from the Company’sCompany's future operations. These factors raise substantial doubt regarding the Company’sCompany's ability to continue as a going concern.  These consolidated financial statements do not include any adjustments to the recoverability and classification of recorded asset amounts and classification of liabilities that might be nec essarynecessary should the Company be unable to continue as a going concern.


2.

Summary of Significant Accounting Policies


a)

(a) Basis of Presentation and Principles of Consolidation


The consolidated financial statements of the Company have been prepared in accordance with accounting principles generally accepted in the United States (“("US GAAP”GAAP") and are expressed in U.S. dollars. The consolidated financial statements includeare comprised of the accountsrecords of the Company and its wholly-ownedwholly owned subsidiary, ATC.Appiphany Technologies Corp., a company incorporated in British Columbia, Canada, until its dissolution on November 18, 2015. All significant intercompany transactions have been eliminated.eliminated on consolidation. The Company’sCompany's fiscal year end is April 30.


b)

(b) Use of Estimates


The preparation of financial statements in conformity with US GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. The Company regularly evaluates estimates and assumptions related to the collectability of accounts receivable, fair value and estimated useful life of long-lived assets, fair value of convertible debentures, derivative liabilities, stock-based compensation, and deferred income tax asset valuation allowances. The Company bases its estimates and assumptions on current facts, historical experience and various other factors that it believes to be reasonable under the circumstances, the results of which form the basis for making judgments about the carrying values of assets and liabilities and the accrual of costs and expenses that are not readily apparent from other sources. The actual results experienced by the Company may differ materially and adversely from the Company’sCompany's estimates. To the ex tentextent there are material differences between the estimates and the actual results, future results of operations will be affected.


    c)    

(c) Interim Condensed Consolidated Financial Statements


These interim unauditedcondensed consolidated financial statements have been prepared on the same basis as the annual financial statements and in the opinion of management, reflect all adjustments, which include only normal recurring adjustments, necessary to present fairly the Company’sCompany's financial position, results of operations and cash flows for the periods shown. The results of operations for such periods are not necessarily indicative of the results expected for a full year or for any future period.



F-6



APPIPHANY TECHNOLOGIES HOLDINGS CORP.

(A Development Stage Company)

Notes to the Consolidated Financial Statements

(Expressed in US dollars)



2.

Summary of Significant Accounting Policies(continued)


d)

(d) Cash and cash equivalents

Cash Equivalents


The Company considers all highly liquid instruments with a maturity of three months or less at the time of issuance to be cash equivalents.

As at July 31 and April 30, 2016, the Company had no items representing cash equivalents.


e)

(e) Accounts Receivable

The Company recognizes allowances for doubtful accounts to ensure accounts receivable are not overstated due to the inability or unwillingness of its customers to make required payments. The allowance is based on the business environment, historical bad debt expense, the age of receivables, and the specific identification of receivables the Company considers at risk. The Company reviews the adequacy of its allowance for doubtful accounts on a regular basis.

30

(f) Basic and Diluted Net LossIncome (Loss) per Share


The Company computes net lossincome (loss) per share in accordance with ASC 260,Earnings per Share.Share. ASC 260 requires presentation of both basic and diluted earnings per share (“EPS”("EPS") on the face of the income statement. Basic EPS is computed by dividing net income (loss) available to common shareholders (numerator) by the weighted average number of shares outstanding (denominator) during the period. Diluted EPS gives effect to all dilutive potential common shares outstanding during the period using the treasury stock method and convertible preferred stock using the if-converted method. In computing diluted EPS, the average stock price for the period is used in determining the number of shares assumed to be purchased from the exercise of stock options or warrants. Diluted EPS excludes all dilutive potential shares if their effect is anti-dilutive. For the three-months ended July 31, 2016, the Company had 19,812,270 potentially dilutive common shares outstanding that were excluded from the diluted EPS calculation as their effect is anti-dilutive.

(g) Financial Instruments

Pursuant to ASC 820, Fair Value Measurements and Disclosures , an entity is required to maximize the use of observable inputs and minimize the use of unobservable inputs when measuring fair value. ASC 820 establishes a fair value hierarchy based on the level of independent, objective evidence surrounding the inputs used to measure fair value. A financial instrument's categorization within the fair value hierarchy is based upon the lowest level of input that is significant to the fair value measurement. ASC 820 prioritizes the inputs into three levels that may be used to measure fair value:

Level 1

Level 1 applies to assets or liabilities for which there are quoted prices in active markets for identical assets or liabilities.

Level 2

Level 2 applies to assets or liabilities for which there are inputs other than quoted prices that are observable for the asset or liability such as quoted prices for similar assets or liabilities in active markets; quoted prices for identical assets or liabilities in markets with insufficient volume or infrequent transactions (less active markets); or model-derived valuations in which significant inputs are observable or can be derived principally from, or corroborated by, observable market data.

Level 3

Level 3 applies to assets or liabilities for which there are unobservable inputs to the valuation methodology that are significant to the measurement of the fair value of the assets or liabilities.

The Company's financial instruments consist principally of accounts receivable, accounts payable and accrued liabilities, amounts due to related parties, convertible debentures, and notes payable.  Pursuant to ASC 820, the fair value of our cash is determined based on "Level 1" inputs, which consist of quoted prices in active markets for identical assets. The fair value of our derivative liability is determined to be a "Level 2" input.  We believe that the recorded values of all of our other financial instruments approximate their current fair values because of their nature and respective maturity dates or durations.

(h) Comprehensive Loss

ASC 220, Comprehensive Income, establishes standards for the reporting and display of comprehensive loss and its components in the financial statements. As at July 31 and April 30, 2016, the Company has no items that represent a comprehensive loss and, therefore, has not included a schedule of comprehensive loss in the financial statements.

(i)   Revenue Recognition

The Company recognizes revenue from online fraud protection services. Revenue will be recognized only when the price is fixed and determinable, persuasive evidence of an arrangement exists, the service has been provided, and collectability is assured.  The Company is not exposed to any credit risks as amounts are prepaid prior to performance of services.

Commencing May 1, 2016, the Company changed its accounting policy with respect to revenue recognition to record revenue on a gross basis as compared to a net basis as the Company reassessed the application of Accounting Standards Update No. 2014-09, Revenue from Contracts with Customers and determined that they did not meet the conditions for an agency relationship.  The impact to the Company's revenues was determined to not be material, as historical revenues from online fraud protection services was $2,725 with cost of goods sold of $1,821 for a net gross profit of $904.

31

(j) Stock-based Compensation

The Company records stock-based compensation in accordance with ASC 718, Compensation – Stock Compensation and ASC 505, Equity Based Payments to Non-Employees, which requires the measurement and recognition of compensation expense based on estimated fair values for all share-based awards made to employees and directors, including stock options.

ASC 718 requires company to estimate the fair value of share-based awards on the date of grant using an option-pricing model. The Company uses the Black-Scholes option-pricing model as its method of determining fair value. This model is affected by the Company's stock price as well as assumptions regarding a number of subjective variables.  These subjective variables include, but are not limited to the Company's expected stock price volatility over the term of the awards, and actual and projected employee stock option exercise behaviors.  The value of the portion of the award that is ultimately expected to vest is recognized as an expense in the statement of operations over the requisite service period.

All transactions in which goods or services are the consideration received for the issuance of equity instruments are accounted for based on the fair value of the consideration received or the fair value of the equity instrument issued, whichever is more reliably measurable.

(k) Recent Accounting Pronouncements

In April 2015, the Financial Accounting Standards Board (FASB) issued Accounting Standards Update (ASU) No. 2015-03, "Interest – Imputation of Interest: Simplifying the Presentation of Debt Issuance Costs" (ASU 2015-03), which resulted in the reclassification of debt issuance costs from "Other Assets" to inclusion as a reduction of the debt balance. The Company had adopted ASU 2015-03 during the three months ended July 31, 2016, with full retrospective application as required by the guidance. These standards did not have a material impact on the Company's condensed consolidated balance sheets and had no impact on the cash flows provided by or used in operations for any period presented.

The Company has implemented all new accounting pronouncements that are in effect. These pronouncements did not have any material impact on the financial statements unless otherwise disclosed, and the Company does not believe that there are any other new accounting pronouncements that have been issued that might have a material impact on its financial position or results of operations.

3.Acquisition of License Agreements

(a) On January 14, 2016, the Company entered into a purchase agreement with a company controlled by the President and Director of the Company. Pursuant to the agreement, the Company agreed to purchase two licenses including the accounts receivable generated by the two licenses, in exchange for 20,000,000 common shares of the Company.

In accordance with ASC 805-50, "Business Combinations: Related Issues", the purchase agreement was deemed an acquisition of assets between entities under common control for accounting purposes as the transaction was non arms-length. The licenses and accounts receivable acquired were recorded at their carrying value of $nil.

(b) On January 18, 2016, the Company entered into a license agreement (the "Agreement") with Comsec Solutions Limited ("Comsec") where the Company acquired the right to market and distribute Watchdog, a market leading web-monitoring tool owned by Comsec, in North and South America. In exchange for the rights, the Company agreed to pay a monthly base fee of up to £4,750, depending on the service provided, and 15% commission fee for all revenues including a minimum revenue base of £140,000 in the first year and £100,000 in subsequent years.

4.Related Party Transactions

As at July 31, 2016, the Company owed $34,528 (April 30, 2016 - $62,486) to the President and Director of the Company for financing of day-to-day expenditures incurred on behalf of the Company. The amount owing is unsecured, non-interest bearing, and due on demand.

5.Notes payable

(a) As at July 31, 2016, the Company owed $ 1 4,616 (April 30, 2016 - $4,616) in notes payable to non-related parties. Under the terms of the notes, the amounts are unsecured, bears interest at 5-6% per annum, and due on demand.

(b) On June 6 , 2016, the Company issued a note payable to a non-related party for proceeds of $10,000 . Under the terms of the note, the amount is unsecured, bears interest at 5% per annum, and is due on demand.

6.Convertible Debentures

(a) On December 17, 2013, the Company issued a convertible debenture to a non-related party for proceeds of $32,500. Under the terms of the debenture, the amount is unsecured, bears interest at 8% per annum, and is due on September 19, 2014. Interest on overdue principal after default accrues at an annual rate of 22%. After 180 days or June 15, 2014, the debenture is convertible into common shares of the Company at a conversion price equal to 51% of the lowest two trading prices of the Company's common shares for the past 30 trading days prior to notice of conversion. On September 19, 2014, as the amount of the convertible debenture had not been repaid or converted by maturity, the Company incurred a penalty of 50% of the principal balance owing resulting in the Company recording $16,250 which had been included in interest expense.
32


Due to this provision, the embedded conversion option qualifies for derivative accounting under ASC 815-15 "Derivatives and Hedging". The fair value of the derivative liability resulted in a full discount to the note payable of $32,500. The carrying value of the convertible note will be accreted over the term of the convertible note up to the face value of $32,500. During the year ended April 30, 2015, the Company issued 595,667 shares of common stock for the conversion of $39,130. On May 17, 2016, the convertible debenture and accrued interest was extinguished pursuant to the issuance of a $10,000 convertible debenture issued to a non-related party. Refer to Note 6(d). As at July 31, 2016, the carrying value of the note was $nil (April 30, 2016 - $9,620).

(b) On May 21, 2014, the Company issued a convertible debenture, to a non-related party, for proceeds of $37,500. Under the terms of the debenture, the amount is unsecured, bears interest at 8% per annum, and is due on February 23, 2015. After 180 days or November 17, 2014, the debenture is convertible into common shares of the Company at a conversion price equal to 51% of the lowest two trading prices of the Company's common shares for the past 30 trading days prior to notice of conversion.

Due to this provision, the embedded conversion option qualifies for derivative accounting under ASC 815-15 "Derivatives and Hedging". The fair value of the derivative liability resulted in a full discount to the note payable of $37,500. The carrying value of the convertible note will be accreted over the term of the convertible note up to the face value of $37,500. During the year ended April 30, 2015, the Company issued 360,000 shares of common stock for the conversion of $2,920. During the year ended April 30, 2016, the Company issued 1,850,000 shares of common stock for the conversion of $8,772 of the note. During the three months ended July 31, 2016, the Company issued 3,217,352 shares of common stock for the conversion of $8,368 of the note. As at July 31, 2016, the carrying value of the note was $17,440 (April 30, 2016 - $25,808).

(c) On May 23, 2014, the Company issued a convertible debenture, to a non-related party, for proceeds of $40,000. Under the terms of the debenture, the amount is unsecured, bears interest at 8% per annum, and is due on May 23, 2015. After 180 days or November 19, 2014, the debenture is convertible into common shares of the Company at a conversion price equal to 55% of the lowest trading price of the Company's common shares for the past 15 trading days prior to notice of conversion. On June 13, 2016, this note was assigned to a new note holder for $31,000, resulting in a gain on extinguishment of $5,744 (2015 - $nil).

Due to this provision, the embedded conversion option qualifies for derivative accounting under ASC 815-15 "Derivatives and Hedging". The fair value of the derivative liability resulted in a discount to the note payable of $25,215. The carrying value of the convertible note will be accreted over the term of the convertible note up to the face value of $40,000. During the year ended April 30, 2015, the Company issued 127,655 shares of common stock for the conversion of $1,335 of the note and $69 of accrued interest. During the year ended April 30, 2016, the Company issued 91,831 shares of common stock for the conversion of $188 of the note and $19 of accrued interest. As at July 31, 2016, the carrying value of the note was $38,477 (April 30, 2016 - $38,477).

(d) On May 17, 2016, the Company issued a $10,000 convertible debenture to a non-related party in extinguishment of a convertible debenture originally issued on December 17, 2013 of $9,620 and $6,270 of accrued interest as at May 17, 2016 as noted in Note 5(a). Due to the change of conversion terms the fair value of the derivative liability increased from $249,702 to $265,841, resulting in a loss in extinguishment of $10,249. Under the terms of the debenture, the amount is unsecured, bears interest at 10% per annum (up to 24% per annum default rate), and is due on May 17, 2017. The debenture is convertible into common shares of the Company at a conversion price equal to 50% of the lowest trading prices of the Company's common shares (i) on May 12, 2016; or (ii) for the past 25 trading days prior to notice of conversion.

Due to this provision, the embedded conversion option qualifies for derivative accounting under ASC 815-15 "Derivatives and Hedging". During the three months ended July 31, 2016, the Company issued 2,756,270 shares of common stock for the conversion of $7,000 of the note and $29 of accrued interest. As at July 31, 2016, the carrying value of the note was $3,000 (April 30, 2016 - $nil).

(e) On May 17, 2016, the Company issued a convertible debenture to a non-related party for $33,000. Pursuant to the agreement, the note was issued with a 10% original issue discount and as such the purchase price was $30,000.  Under the terms of the debenture, the amount is unsecured, bears interest at 10% per annum (up to 24% per annum default rate), and is due on May 17, 2017. The debenture is convertible into common shares of the Company at a conversion price equal to 50% of the lowest trading price of the Company's common stock of either (i) the twenty-five prior trading days immediately preceding the issuance of the note or (ii) the twenty-five prior trading days including the day upon which a notice of conversion is received by the Company. There was also financing costs, which resulted in the Company recording a debt discount of approximately $5,000 resulting from these debt issuance costs which is being amortized over the life of the loan.

Due to this provision, the embedded conversion option qualifies for derivative accounting under ASC 815-15 "Derivatives and Hedging". The fair value of the derivative liability resulted in a discount to the note payable of $33,000 of which $5,000 of the discount resulted from debt issuance costs.  The carrying value of the convertible note will be accreted over the term of the convertible note up to the face value of $33,000. As at July 31, 2016, the carrying value of the note was $7 (April 30, 2016 - $nil), and the unamortized total discount was $32,993 (April 30, 2016 - $nil).

(f) On June 13, 2016, the Company issued a convertible debenture to a non-related party for $69,000. Pursuant to the agreement, the note was issued with an original issue discount and as such the purchase price was $66,500.  Under the terms of the debenture, the amount is unsecured, bears interest at 10% per annum (up to 22% per annum default rate), and is due on December 13, 2016. After maturity date, or December 13, 2016, the debenture is convertible into common shares of the Company at a conversion price equal to 50% of the lowest trading price of the Company's common shares for the past 15 trading days prior to the notice of conversion.
33


The Company analyzed the conversion option of the note for derivative accounting consideration under ASC 815-15 "Derivatives and Hedging" and determined that the embedded conversion feature should be classified as a liability. However, due to the conversion option not being effective until December 13, 2016, the Company will delay measuring the derivative liability until such date.  There were also debt issuance costs, which resulted in the Company recording a debt discount of approximately $2,500. As at July 31, 2016, the carrying value of the note was $67,156 (April 30, 2016 - $nil), and the unamortized discount was $1,844 (April 30, 2016 - $nil).

(g) On July 21, 2016, the Company issued a convertible debenture, to a non-related party, for proceeds of $56,750. Under the terms of the debenture, the amount is unsecured, bears interest at 10% per annum (up to 24% per annum default rate), and is due on April 21, 2017. The debenture is convertible into common shares of the Company at a conversion price equal to 50% of the lowest trading price of the Company's common stock of either (i) the twenty-five prior trading days immediately preceding the issuance of the note or (ii) the twenty-five prior trading days including the day upon which a notice of conversion is received by the Company.

Due to this provision, the embedded conversion option qualifies for derivative accounting under ASC 815-15 "Derivatives and Hedging". The fair value of the derivative liability resulted in a discount to the note payable of $56,750 of which $6,250 of the discount resulted from debt issuance costs. The carrying value of the convertible note will be accreted over the term of the convertible note up to the face value of $56,750. As at July 31, 2016, the carrying value of the note was $14 (April 30, 2016 - $nil), and the unamortized total discount was $56,736 (April 30, 2016 - $nil).

7.Derivative Liability

The Company records the fair value of the conversion price of the convertible debentures, as disclosed in Note 5, in accordance with ASC 815, Derivatives and Hedging. The fair value of the derivative was calculated using a Black-Scholes model. The fair value of the derivative liability is revalued on each balance sheet date with corresponding gains and losses recorded in the consolidated statement of operations. During the three months ended July 31, 2016, the Company recorded a loss on the change in fair value of derivative liability of $ 237,379 (2015 – $199,600 gain). As at July 31, 2016, the Company recorded a derivative liability of $ 360,746 (April 30, 2016 - $140,196).

The following inputs and assumptions were used to value the convertible debentures outstanding during the periods ended July 31 and April 30, 2016:
 Expected VolatilityRisk-free Interest RateExpected Dividend Yield
Expected Life
(in years)
     
December 17, 2013 convertible debenture:    
As at April 30, 2016 (mark to market)366%0.56%0%1.00
As at May 17, 2016 (date of exchange)433%0.58%0%0.84
     
May 21, 2014 convertible debenture:    
As at April 30, 2016 (mark to market)312%0.56%0%0.83
As at June 13, 2016 (date of conversion)485%0.40%0%0.71
As at July 31, 2016 (mark to market)468%0.38%0%0.58
     
May 23, 2014 convertible debenture:    
As at April 30, 2016 (mark to market)111%0.56%0%0.06
As at July 31, 2016 (mark to market)472%0.50%0%0.81
     
May 17, 2016 convertible debenture for $10,000:    
As at May 17, 2016 (date note became convertible)467%0.58%0%1.00
As at June 28, 2016 (date of conversion)490%0.35%0%0.88
As at July 27, 2016 (date of conversion)508%0.40%0%0.81
As at July 31, 2016 (mark to market)513%0.38%0%0.79
     
May 17, 2016 convertible debenture for $33,000:    
As at May 17, 2016 (issuance date)476%0.58%0%1.00
As at July 31, 2016 (mark to market)458%0.50%0%0.79
     
July 21, 2016 convertible debenture:    
As at July 21, 2016 (issuance date)470%0.54%0%0.75
As at July 31, 2016 (mark to market)481%0.50%0%0.72
     

34

A summary of the activity of the derivative liability is shown below:

    
Balance, April 30, 2016 $140,196 
New issuances  925,403 
Debt discounts  78,500 
Adjustment for conversion  (111,468)
Mark to market adjustment at July 31, 2016  (671,885)
Balance, July 31, 2016 $360,746 

8.Common Shares

(a) On June 13, 2016, the Company issued 3,217,352 common shares for the conversion of $8,368 of convertible debentures, as noted in Note 5(e).

(b) On June 28, 2016, the Company issued 1,176,470 common shares for the conversion of $3,000 of convertible debentures, as noted in Note 5(d).

(c) On July 27, 2016, the Company issued 1,579,800 common shares for the conversion of $4,000 of convertible debentures and $28 of accrued interest, as noted in Note 5(d).
9.Subsequent Events

We have evaluated subsequent events through the date of issuance of the financial statements, and did not have any material recognizable subsequent events after July 31, 2016 other than the following:

(a) On August 18, 2016, the Company issued a convertible debenture to a non-related party for $27,000. Pursuant to the agreement, the note was issued with a 10% original issue discount and as such the purchase price was $30,000.  Under the terms of the debenture, the amount is unsecured, bears interest at 8% per annum, and is due on August 18, 2017. The debenture is convertible into common shares of the Company at a conversion price equal to 55% of the lowest trading price of the Company's common shares for the past 15 trading days prior to notice of conversion. In connection with the debt financing, the Company paid financing costs of $7,000.

(b) On September 6, 2016, the Company issued 500,000 common shares to a consultant pursuant to a consulting agreement dated August 26, 2016.
35




REPORT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM

To the Board of Directors and Shareholders of
Appiphany Technologies Holdings Corp.

We have audited the accompanying consolidated balance sheets of Appiphany Technologies Holdings Corp. as of April 30, 2016 and 2015, and the related consolidated statements of operations, stockholders' deficit, and cash flows for each of the years in the two year period ended April 30, 2016.  These consolidated financial statements are the responsibility of the Company's management. Our responsibility is to express an opinion on these consolidated financial statements based on our audits.

We conducted our audits in accordance with the standards of the Public Company Accounting Oversight Board (United States). Those standards require that we plan and perform the audit to obtain reasonable assurance about whether the consolidated financial statements are free of material misstatement. The company is not required to have, nor were we engaged to perform, an audit of its internal control over financial reporting. Our audit included consideration of internal control over financial reporting as a basis for designing audit procedures that are appropriate in the circumstances, but not for the purpose of expressing an opinion on the effectiveness of the company's internal control over financial reporting. Accordingly, we express no such opinion. An audit also includes examining, on a test basis, evidence supporting the amounts and disclosures in the consolidated financial statements, assessing the accounting principles used and significant estimates made by management, as well as evaluating the overall financial statement presentation. We believe that our audits provide a reasonable basis for our opinion.

In our opinion, the consolidated financial statements referred to above present fairly, in all material respects, the financial position of Appiphany Technologies Holdings Corp. as of April 30, 2016 and 2015, and the results of its operations and its cash flows for each of the years in the two year period ended April 30, 2016, in conformity with accounting principles generally accepted in the United States of America.

The accompanying consolidated financial statements have been prepared assuming that the Company will continue as a going concern. As discussed in Note 1 to the consolidated financial statements, the Company has suffered net losses since inception and has accumulated an accumulated deficit of $1,791,491 as of April 30, 2016.  These factors raise substantial doubt about its ability to continue as a going concern. Management's plans in regard to these matters are also described in Note 1. The consolidated financial statements do not include any adjustments that might result from the outcome of this uncertainty.

/s/ Sadler, Gibb & Associates, LLC

Salt Lake City, UT
August 15, 2016



36


Appiphany Technologies Holdings Corp.
Consolidated Balance Sheets

  
April 30,
2016
$
  
April 30,
2015
$
 
       
ASSETS      
       
Current Assets      
       
Cash  323    
Accounts receivable  1,004    
Prepaid expense     126 
         
Total Assets  1,327   126 
         
LIABILITIES        
         
Current Liabilities        
         
Accounts payable and accrued liabilities  195,999   124,655 
Due to related parties  62,486   28,284 
Convertible debenture, net of unamortized discount of $nil and $6,982, respectively  73,905   75,883 
Notes payable  4,616    
Derivative liability  140,196   357,985 
         
Total Liabilities  477,202   586,807 
         
STOCKHOLDERS' DEFICIT        
         
Preferred stock        
Authorized: 10,000,000 preferred shares with a par value of $0.001 per share        
Issued and outstanding: nil preferred shares      
         
Common stock        
Authorized: 250,000,000 common shares with a par value of $0.001 per share        
Issued and outstanding: 33,798,502 and 1,856,671 common shares, respectively  33,799   1,857 
         
Additional paid-in capital  1,281,817   1,077,315 
         
Accumulated deficit  (1,791,491)  (1,665,853)
         
Total Stockholders' Deficit  (475,875)  (586,681)
         
Total Liabilities and Stockholders' Deficit  1,327   126 
         
The accompanying notes are an integral part of these consolidated financial statements.
37


Appiphany Technologies Holdings Corp.
Consolidated Statements of Operations

  
Year ended
April 30,
2016
$
  
Year ended
April 30,
2015
$
 
       
Revenues  904   258 
         
         
         
Operating Expenses        
         
General and administrative  16,722   56,560 
Management fees  100,000   124,565 
Professional fees  80,489   52,649 
         
Total Operating Expenses  197,211   233,774 
         
Net loss before other income (expenses)  (196,307)  (233,516 
         
Other Income (Expenses)        
Interest expense  (19,655)  (133,146)
Gain (Loss) on change in fair value of derivative liability  90,324   (431,203)
         
Total Other Income (Expenses)  70,669   (564,349)
         
Net Loss  (125,638)  (797,865)
 
Net Loss Per Share, Basic and Diluted
  (0.01)  (1.00)
 
Weighted Average Shares Outstanding – Basic and Diluted
  12,604,626   802,446 
         
The accompanying notes are an integral part of these consolidated financial statements.
38


Appiphany Technologies Holdings Corp.
Consolidated Statement of Stockholder's Deficit

     Additional       
  Common Stock  Paid-in  Accumulated    
  Shares  Par Value  Capital  Deficit  Total 
   #             
                     
Balance – April 30, 2014  111,145   111   598,557   (867,988)  (269,320)
                     
Shares issued upon conversion of notes payable  1,370,526   1,371   302,798      304,169 
                     
Shares issued for management fees  375,000   375   97,125      97,500 
                     
Forgiveness of debt        78,835      78,835 
                     
Net loss for the year           (797,865)  (797,865)
                     
Balance – April 30, 2015  1,856,671   1,857   1,077,315   (1,665,853)  (586,681)
                     
Shares issued upon conversion of notes  1,941,831   1,942   134,502      136,444 
                     
Shares issued for management fees  10,000,000   10,000   90,000      100,000 
                     
Shares issued for acquisition of licenses  20,000,000   20,000   (20,000)      
                     
Net loss for the year           (125,638)  (125,638)
                     
Balance – April 30, 2016  33,798,502   33,799   1,281,817   (1,791,491)  (475,875)

The accompanying notes are an integral part of these consolidated financial statements.
39


Appiphany Technologies Holdings Corp.
Consolidated Statements of Cashflows

  
Year ended
April 30,
2016
$
  
Year ended
April 30,
2015
$
 
       
Operating Activities      
       
Net loss  (125,638)  (797,865)
         
Adjustments to reconcile net loss to net cash provided by operating activities:        
         
Accretion of discount on convertible debt payable  6,982   92,793 
Expenses paid by related party  29,118   19,515 
Financing costs  126   4,374 
Loss (gain) on change in fair value of derivative liability  (90,324)  431,203 
Shares issued for default penalty     25,750 
Shares issued for management fees  100,000   97,500 
         
Changes in operating assets and liabilities:        
         
Accounts receivable  (1,004)  91 
Other current assets     (4,500)
Accounts payable and accrued liabilities  71,363   42,429 
Accrued compensation     27,065 
         
Net Cash Used In Operating Activities  (9,377)  (61,645)
         
Financing Activities        
         
Proceeds from convertible debenture     77,500 
Proceeds from notes payable  4,616    
Proceeds from related party payable  15,084   8,793 
Repayment on related party payable  (10,000)  (29,850)
         
Net Cash Provided by Financing Activities  9,700   56,443 
         
Increase (Decrease) in Cash  323   (5,202)
         
Cash – Beginning of Period     5,202 
         
Cash – End of Period  323    
         
Supplemental Disclosures        
         
Interest paid      
Income tax paid      
         
Non-cash investing and financing activities        
         
Common stock issued in exchange for license agreements  20,000    
Common stock issued for conversion of convertible debentures  136,444   304,169 
Common stock issued for forgiveness of debt     78,835 
Common stock issued for management fees     97,500 


40


Appiphany Technologies Holdings Corp.
Notes to the Consolidated Financial Statements for the Year Ended April 30, 2016
(audited)

NOTE 1.  Nature of Operations and Continuance of Business

Appiphany Technologies Holdings Corp. ("The Company") was incorporated in the State of Nevada on February 24, 2010. On May 1, 2010, the Company entered into a share exchange agreement with Appiphany Technologies Corporation ("ATC") to acquire all of the outstanding common shares of ATC in exchange for 1,500,000 common shares of the Company.  As the acquisition involved companies under common control, the acquisition was accounted for in accordance with ASC 805-50, Business Combinations – Related Issues, and the consolidated financial statements reflect the accounts of the Company and ATC since inception. On November 18, 2015, ATC was dissolved.

Going Concern

These consolidated financial statements have been prepared on a going concern basis, which implies that the Company will continue to realize its assets and discharge its liabilities in the normal course of business. As at April 30, 2016, the Company has not recognized significant revenue, has a working capital deficit of $475,875, and has an accumulated deficit of $1,791,491. The continuation of the Company as a going concern is dependent upon the continued financial support from its management, and its ability to identify future investment opportunities and obtain the necessary debt or equity financing, and generating profitable operations from the Company's future operations. These factors raise substantial doubt regarding the Company's ability to continue as a going concern.  These financial statements do not include any adjustments to the recoverability and classification of recorded asset amounts and classification of liabilities that might be necessary should the Company be unable to continue as a going concern.

NOTE 2.  Summary of Significant Accounting Policies

a) Basis of Presentation and Principles of Consolidation

The consolidated financial statements of the Company have been prepared in accordance with accounting principles generally accepted in the United States ("US GAAP") and are expressed in U.S. dollars. The consolidated financial statements are comprised of the records of the Company and its wholly owned subsidiary, Appiphany Technologies Corp., a company incorporated in British Columbia, Canada. All intercompany transactions have been eliminated on consolidation. The Company's fiscal year end is April 30.

b) Use of Estimates

The preparation of financial statements in conformity with US GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. The Company regularly evaluates estimates and assumptions related to the fair value and estimated useful life of long-lived assets, fair value of convertible debentures, derivative liabilities, stock-based compensation, and deferred income tax asset valuation allowances. The Company bases its estimates and assumptions on current facts, historical experience and various other factors that it believes to be reasonable under the circumstances, the results of which form the basis for making judgments about the carrying values of assets and liabilities and the accrual of costs and expenses that are not readily apparent from other sources. The actual results experienced by the Company may differ materially and adversely from the Company's estimates. To the extent there are material differences between the estimates and the actual results, future results of operations will be affected.

c) Cash and cash equivalents

The Company considers all highly liquid instruments with a maturity of three months or less at the time of issuance to be cash equivalents. As at April 30, 2016 and 2015, the Company had no items representing cash equivalents.

d) Basic and Diluted Net Loss per Share

The Company computes net loss per share in accordance with ASC 260, Earnings per Share. ASC 260 requires presentation of both basic and diluted earnings per share ("EPS") on the face of the income statement. Basic EPS is computed by dividing net loss available to common shareholders (numerator) by the weighted average number of shares outstanding (denominator) during the period. Diluted EPS gives effect to all dilutive potential common shares outstanding during the period using the treasury stock method and convertible preferred stock using the if-converted method. In computing diluted EPS, the average stock price for the period is used in determining the number of shares assumed to be purchased from the exercise of stock options or warrants. Diluted EPS excludes all dilutive potential shares if their effect is anti dilutive.

  As of April 30, 2016, the Company had 20,292,620 (2015 – 8,713,784) potentially dilutive common shares outstanding.


f)   

e) Financial Instruments


Pursuant to ASC 820,Fair Value Measurements and Disclosuresand ASC 825,Financial Instruments,, an entity is required to maximize the use of observable inputs and minimize the use of unobservable inputs when measuring fair value. ASC 820 and 825 establishes a fair value hierarchy based on the level of independent, objective evidence surrounding the inputs used to measure fair value. A financial instrument’sinstrument's categorization within the fair value hierarchy is based upon the lowest level of input that is significant to the fair value measurement. ASC 820 and 825 prioritizes the inputs into three levels that may be used to measure fair value:


Level 1


41

Level 1 applies to assets or liabilities for which there are quoted prices in active markets for identical assets or liabilities.


Level 2


Level 2 applies to assets or liabilities for which there are inputs other than quoted prices that are observable for the asset or liability such as quoted prices for similar assets or liabilities in active markets; quoted prices for identical assets or liabilities in markets with insufficient volume or infrequent transactions (less active markets); or model-derived valuations in which significant inputs are observable or can be derived principally from, or corroborated by, observable market data.


Level 3


Level 3 applies to assets or liabilities for which there are unobservable inputs to the valuation methodology that are significant to the measurement of the fair value of the assets or liabilities.


The Company’sCompany's financial instruments consist principally of cash, amounts receivable, accounts payable and accrued liabilities, accrued compensation, and amounts due to related parties.  Pursuant to ASC 820, and 825, the fair value of our cash is determined based on “Level 1”"Level 1" inputs, which consist of quoted prices in active markets for identical assets. The fair value of our derivative liability is determined to be a "Level 2" input.  We believe that the recorded values of all of our other financial instruments approximate their current fair values because of their nature and respective maturity dates or durations.


g)

f) Comprehensive Loss


ASC 220,Comprehensive Income, establishes standards for the reporting and display of comprehensive loss and its components in the financial statements. As at October 31, 2010 and April 30, 2010,2016 and 2015, the Company has no items that represent a comprehensive loss and, therefore, has not included a schedule of comprehensive loss in the financial statements.



F-7



APPIPHANY TECHNOLOGIES HOLDINGS CORP.

(A Development Stage Company)

Notes to the Consolidated Financial Statements

(Expressed in US dollars)



2.

Summary of Significant Accounting Policies(continued)


h)

g) Revenue Recognition


The Company recognizes revenue from the sale of third-party application development for the iPhone, iPod Touch and iPad.online fraud protection services. Revenue will be recognized only when the price is fixed and determinable, persuasive evidence of an arrangement exists, the service has been provided, and collectability is assured.  The Company is not exposed to any credit risks as amounts are prepaid prior to performance of services.


i)

Recent Accounting Pronouncements


In March 2010, the FASB (Financial Accounting Standards Board) issued

Revenue is recorded on an agency basis in accordance with Accounting Standards Update 2010-11 (ASU 2010-11), “Derivatives and Hedging (Topic 815): Scope Exception Related to Embedded Credit Derivatives.”No. 2014-09, Revenue from Contracts with Customers.   The amendments in this Update are effectiveCompany acts as an agent for each reporting entity at the beginning of its first fiscal quarter beginning after June 15, 2010.  Early adoption is permitted atprincipal on the beginning of each entity’s first fiscal quarter beginning after issuance of this Update.  Thebasis that the Company does not expectprovide direct service to its customers, has no authority to determine the provisionsprice of ASU 2010-11the products or services provided, and is not responsible for inventory risk.

h) Stock-based Compensation

The Company records stock-based compensation in accordance with ASC 718, Compensation – Stock Compensation and ASC 505, Equity Based Payments to have a material effectNon-Employees, which requires the measurement and recognition of compensation expense based on estimated fair values for all share-based awards made to employees and directors, including stock options.

ASC 718 requires company to estimate the fair value of share-based awards on the financial position, resultsdate of grant using an option-pricing model.  The Company uses the Black-Scholes option-pricing model as its method of determining fair value.  This model is affected by the Company's stock price as well as assumptions regarding a number of subjective variables.  These subjective variables include, but are not limited to the Company's expected stock price volatility over the term of the awards, and actual and projected employee stock option exercise behaviors.  The value of the portion of the award that is ultimately expected to vest is recognized as an expense in the statement of operations over the requisite service period.

All transactions in which goods or cash flowsservices are the consideration received for the issuance of equity instruments are accounted for based on the fair value of the Company.


In February 2010,consideration received or the FASBfair value of the equity instrument issued, whichever is more reliably measurable.


i) Recent Accounting Pronouncements

The Company has limited operations and is considered to be in the development stage. For the year ended April 30, 2016, the Company has elected to early adopt Accounting Standards Update 2010-10 (ASU 2010-10), “ConsolidationNo. 2014-10, Development Stage Entities (Topic 810)915): Amendments forElimination of Certain Investment Funds.”  The amendments in this Update are effective as of the beginning of a reporting entity’s first annual period that begins after November 15, 2009 and for interim periods within that first reporting period. Early application is not permitted.  The Company’s adoption of provisions of ASU 2010-10 did not have a material effect on the financial position, results of operations or cash flows.


In February 2010, the FASB issued ASU No. 2010-09 “Subsequent Events (ASC Topic 855) “Amendments to Certain Recognition and Disclosure Requirements” (“ASU No. 2010-09”). ASU No. 2010-09 requires an entity that is an SEC filer to evaluate subsequent events through the date that the financial statements are issued and removes the requirement for an SEC filer to disclose a date, in both issued and revised financial statements, through which the filer had evaluated subsequent events. The adoption did not have an impact on the Company’s financial position and results of operations.


In January 2010, the Financial Accounting Standards Board (“FASB”) issued Accounting Standards Update (“ASU”) No. 2010-06, “Improving Disclosures about Fair Value Measurements.” ASU No. 2010-06 amends FASB Accounting Standards Codification (“ASC”) 820 and clarifies and provides additional disclosure requirements related to recurring and non-recurring fair value measurements and employers’ disclosures about postretirement benefit plan assets. This ASU is effective for interim and annual reporting periods beginning after December 15, 2009. The adoption of ASU 2010-06 did not have a material impact on the Company’s financial statements.


In January 2010, the FASB issued an amendment to ASC 505, Equity, where entities that declare dividends to shareholders that may be paid in cash or shares at the election of the shareholders are considered to be a share issuance that is reflected prospectively in EPS, and is not accounted for as a stock dividend.  This standard is effective for interim and annual periods ending on or after December 15, 2009 and is to be applied on a retrospective basis.Reporting Requirements. The adoption of this standard is not expected to have a significant impact on the Company’s financial statements.  


In January 2010, the FASB issued an amendment to ASC 820, Fair Value Measurements and Disclosure, to require reporting entities to separately disclose the amounts and business rationale for significant transfers in and out of Level 1 and Level 2 fair value measurements and separately present information regarding purchase, sale, issuance, and settlement of Level 3 fair value measures on a gross basis.  This standard, for whichASU allows the Company is currently assessingto remove the impact, is effective for interiminception to date information and annual reporting periods beginning after December 15, 2009 with the exception of disclosures regarding the purchase, sale, issuance, and settlement of Level 3 fair value measures which are effective for fiscal years beginning after December 15, 2010.  The adoption of this standard is not expectedall references to have a significant impact on the Company’s financial statements.

exploration stage.



F-8



APPIPHANY TECHNOLOGIES HOLDINGS CORP.

(A Development Stage Company)

Notes to the Consolidated Financial Statements

(Expressed in US dollars)



2.

Summary of Significant Accounting Policies(continued)


i)

Recent Accounting Pronouncements (continued)


In October 2009, FASB issued an amendment to the accounting standards related to the accounting for revenue in arrangements with multiple deliverables including how the arrangement consideration is allocated among delivered and undelivered items of the arrangement. Among the amendments, this standard eliminated the use of the residual method for allocating arrangement considerations and requires an entity to allocate the overall consideration to each deliverable based on an estimated selling price of each individual deliverable in the arrangement in the absence of having vendor-specific objective evidence or other third party evidence of fair value of the undelivered items. This standard also provides further guidance on how to determine a separate unit of accounting in a multiple-deliverable revenue arrangement and expands the disclosure requirements about the judgments made in applying the estimated selling price method and how those judgments affect t he timing or amount of revenue recognition. This standard, for which the Company is currently assessing the impact, will become effective on January 1, 2011.


In October 2009, the FASB issued an amendment to the accounting standards related to certain revenue arrangements that include software elements. This standard clarifies the existing accounting guidance such that tangible products that contain both software and non-software components that function together to deliver the product’s essential functionality, shall be excluded from the scope of the software revenue recognition accounting standards. Accordingly, sales of these products may fall within the scope of other revenue recognition standards or may now be within the scope of this standard and may require an allocation of the arrangement consideration for each element of the arrangement. This standard, for which the Company is currently assessing the impact, will become effective on January 1, 2011.


The Company has implemented all new accounting pronouncements that are in effect. These pronouncements did not have any material impact on the financial statements unless otherwise disclosed, and the Company does not believe that there are any other new accounting pronouncements that have been issued that might have a material impact on its financial position or results of operations

operations.

42


NOTE 3.

Acquisition of Appiphany Technologies Corporation

License Agreements


a) On May 1, 2010,January 14, 2016, the Company entered into a share exchangepurchase agreement (the “Agreement”) with Appiphany Technologies Corporation (“ATC”), a private company incorporated incontrolled by the province of British Columbia, Canada on June 4, 2009.  Under the termsPresident and Director of the Agreement,Company. Pursuant to the agreement, the Company acquired 100% ofagreed to purchase two licenses including the issuance and outstanding common shares of ATCaccounts receivable generated by the two licenses, in exchange for 1,500,00020,000,000 common shares of the Company.  Subsequent to the merger, the shareholders of ATC owned 100% of the issued and outstanding common shares of the Company. The acquisition of ATC by the Company was accounted for in
In accordance with ASC 805-50, "Business Combinations –Combinations: Related Issues as bothIssues", the Company and ATC were controlled by the same officers and directorspurchase agreement was deemed an acquisition of the Company, and the acquisition has been treated as aassets between entities under common control transaction.for accounting purposes as the transaction was non arms-length. The consolidated financial statements include thelicenses and accounts of ATC since its inception on June 4, 2009 and the account s of the Company since its inception on February 24, 2010.  The consolidated financial statements reflect the combined entities since the inception of ATC on June 4, 2009.  All significant intercompany transactions have been eliminated.  The assets and liabilities of thereceivable acquired entity have been brought forwardwere recorded at their carrying value of $nil.

b) On January 18, 2016, the Company entered into a license agreement (the "Agreement") with Comsec Solutions Limited ("Comsec") where the Company acquired the right to market and distribute Watchdog, a market leading web-monitoring tool owned by Comsec, in North and South America. In exchange for the rights, the Company agreed to pay a monthly base fee of up to £4,750, depending on the dateservice provided, and 15% commission fee for all revenues including a minimum revenue base of acquisition.  


4.

Property£140,000 in the first year and Equipment

£100,000 in subsequent years.


 

Cost

$

Accumulated Depreciation

$

October 31,

2010

Net Carrying

Value

$

April 30,

2010

Net Carrying

Value

$

Computer hardware

1,805

159

1,646

 

 

 

 

 

 

1,805

159

1,646

NOTE 4.  Related Party Transactions



F-9



APPIPHANY TECHNOLOGIES HOLDINGS CORP.

(A Development Stage Company)

Notes

a) During the year ended April 31, 2016, the Company incurred $nil (2015 - $27,065) of management fees to the Consolidated Financial Statements

(Expressed in US dollars)



5.

Notes Payable


a)

former President and Director of the Company. During the periodyear ended October 31, 2010,April 30, 2015, the amount owing of $78,835 owing for accrued management fees and financing of day-to-day expenditures incurred on behalf of the Company was forgiven and included in additional paid-in capital.


b) During the year ended April 30, 2016, the Company issued notes payable totaling $12,123.  Under10,000,000 (2015 – 375,000) common shares with a fair value of $100,000 (2015 - $97,500) to the termsPresident and Director of the note, the amounts are unsecured, due interest at 10% per annum, and due on demand.Company.

c) As at October 31, 2010, accrued interestApril 30, 2016, the Company owed $nil (2014 - $499) of $491 has been recordedprofessional fees paid on its behalf by the former Secretary and Treasurer of the Company, which is included in accounts payable and accrued liabilities.


b)

In July 2010, the Company issued a note payable for $15,000. Under the terms of the note, the amount is unsecured, due interest at 10% per annum, and due on demand.

d) As at October 31, 2010, accrued interest of $402 has been recorded in accounts payable and accrued liabilities.


6.

Related Party Transactions


As at October 31, 2010,April 30, 2016, the Company owed $40,776 (April 30, 2010$41,197 (2015 - $33,572)$19,155) and $21,289 (Cdn$ - $26,715) (2015 - $8,769; Cdn$10,625) to the President and Director of the Company for financing of day-to-day expenditures incurred on behalf of the Company. The amountsamount owing areis unsecured, non-interest bearing, and due on demand.


As at October 31, 2010, the Company owed $31,234 (April 30, 2010 - $31,234) to a director of the Company for financing of day-to-day expenditures incurred on behalf of the Company.  The amounts owing are unsecured, non-interest bearing, and due on demand.


7.

Subsequent Events


In accordance with ASC 855, we have evaluated subsequent events through January 5, 2011, the date of issuance of the financial statements, and did not have any material recognizable subsequent events.














APPIPHANY TECHNOLOGIES HOLDINGS CORP.

(A Development Stage Company)


Consolidated Financial Statements


For the Period Ended April 30, 2010









Report of Independent Registered Public Accounting Firm

F-12

Consolidated Balance Sheet

F-13

Consolidated Statement of Operations

F-14

Consolidated Statement of Stockholders’ Deficit

F-15

Consolidated Statement of Cash Flows

F-16

Notes to the Consolidated Financial Statements

F-17







REPORT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM


To the Board of Directors

Appiphany Technologies Holdings Corp.

(A Development Stage Company)



We have audited the accompanying balance sheet of Appiphany Technologies Holdings Corp. (a development stage company) as of April 30, 2010 and the related statements of operations, changes in stockholders' deficit, and cash flows for the period from June 4, 2009 (inception) through April 30, 2010.  These financial statements are the responsibility of the Company's management. Our responsibility is to express an opinion on these financial statements based on our audits.


We conducted our audits in accordance with the standards of the Public Company Accounting Oversight Board (United States). Those standards require that we plan and perform the audit to obtain reasonable assurance about whether the financial statements are free of material misstatement. The Company is not required to have, nor were we engaged to perform, an audit of its internal control over financial reporting. Our audit included consideration of internal control over financial reporting as a basis for designing audit procedures that are appropriate in the circumstances, but not for the purpose of expressing an opinion on the effectiveness of the Company's internal control over financial reporting. Accordingly, we express no such opinion. An audit also includes examining, on a test basis, evidence supporting the amounts and disclosures in the financial statements, assessing the accounting principles used and significant estimates made by management, as well as evaluating t he overall financial statement presentation. We believe that our audit provides a reasonable basis for our opinion.


In our opinion, the financial statements referred to above present fairly, in all material respects, the financial position of Appiphany Technologies Holdings Corp. as of April 30, 2010, and the results of its operations and cash flows for the periods described above in conformity with accounting principles generally accepted in the United States of America.


The accompanying financial statements have been prepared assuming that the Company will continue as a going concern. As discussed in Note 1 to the financial statements, the Company has insufficient working capital, which raises substantial doubt about its ability to continue as a going concern. Management's plans regarding those matters also are described in Note 1. The financial statements do not include any adjustments that might result from the outcome of this uncertainty.


/s/ M&K CPAS, PLLC


www.mkacpas.com

Houston, Texas

December 10, 2010





APPIPHANY TECHNOLOGIES HOLDINGS CORP.

(A Development Stage Company)

Consolidated Balance Sheet


April 30,

2010

 $

ASSETS

Cash

17,305

Total Assets

17,305

LIABILITIES

Current Liabilities

Due to a Related Party

64,806

Total Liabilities

64,806

STOCKHOLDERS’ EQUITY

Preferred Stock

Authorized: 10,000,000 preferred shares with a par value of $0.001 per share

Issued and outstanding: nil preferred shares

 –

Common Stock

Authorized: 250,000,000 common shares with a par value of $0.001 per share

Issued and outstanding: 5,900,000 common shares

 5,900

Additional Paid-In Capital

 14,101

Accumulated Deficit during the Development Stage

(67,502)

Total Stockholders’ Equity

(47,501)

Total Liabilities and Stockholders’ Equity

17,305





(The accompanying notes are an integral part of these financial statements)




APPIPHANY TECHNOLOGIES HOLDINGS CORP.

(A Development Stage Company)

Consolidated Statement of Operations

(Expressed in US dollars)


For the Period from June 4, 2009 (Date of Inception) to April 30,

2010

$

Revenues

 –

Operating Expenses

General and Administrative

44,318

Professional Fees

9,197

Wages and Salaries

 13,987

Total Operating Expenses

67,502

Net Loss

(67,502)


Net Loss per Share – Basic and Diluted        

 (0.01)


Weighted Average Shares Outstanding – Basic and Diluted             

 5,607,692




(The accompanying notes are an integral part of these consolidated financial statements)




APPIPHANY TECHNOLOGIES HOLDINGS CORP.

(A Development Stage Company)

Consolidated Statement of Cashflow

(Expressed in US dollars)


For the Period from June 4, 2009 (Date of Inception) to April 30,

2010

$

Operating Activities

Net loss for the period

(67,502)

Changes in operating assets and liabilities:

Due to a related party

64,806

Net Cash Used In Operating Activities

(2,696)

Financing Activities

Proceeds from issuance of common shares

20,001

Net Cash Provided By Financing Activities

20,001

Increase in Cash

17,305

Cash – Beginning of Period

Cash – End of Period

17,305

Supplemental Disclosures

Interest paid

Income tax paid




(The accompanying notes are an integral part of these consolidated financial statements)




APPIPHANY TECHNOLOGIES HOLDINGS CORP.

(A Development Stage Company)

Consolidated Statement of Stockholders’ Deficit

From June 4, 2009 (Date of Inception) to April 30, 2010

(Expressed in US dollars)




 

Common Stock

 

Additional

 

 

 

 

 

 

 

Paid-in

 

Accumulated

 

 

 

Shares

 

Par Value

 

Capital

 

Deficit

 

Total

 

#

 

$

 

$

 

$

 

$

 

 

 

 

 

 

 

 

 

 

Balance – June 4, 2009 (Date of Inception)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Founders shares at $0.001 per share

5,500,000

 

5,500

 

(5,500)

 

 

 

 

 

 

 

 

 

 

 

 

Common stock issued for cash at $0.05 per share

400,000

 

400

 

19,601

 

 

20,001

 

 

 

 

 

 

 

 

 

Net loss for the period

 

 

 

(67,502)

 

(67,502)

 

 

 

 

 

 

 

 

Balance – April 30, 2010

5,900,000

 

5,900

 

14,601

 

(67,502)

 

(47,501)

 

 

 

 

 

 

 

 

 

 



(The accompanying notes are an integral part of these consolidated financial statements)


F-16



APPIPHANY TECHNOLOGIES HOLDINGS CORP.

(A Development Stage Company)

Notes to the Consolidated Financial Statements

(Expressed in US dollars)



1.

Nature of Operations and Continuance of Business


Appiphany Technologies Holdings Corp. (the “Company”) was incorporated in the State of Nevada on February 24, 2010. The Company is a development stage company as defined by FASB guidelines.  


Going Concern


These financial statements have been prepared on a going concern basis, which implies that the Company will continue to realize its assets and discharge its liabilities in the normal course of business.e) As at April 30, 2010,2016, the Company has not recognized any revenue,owed $nil (2015 - $9,000) to the former Secretary and has an accumulated deficit of $67,502. The continuationTreasurer of the Company as a going concern is dependent upon the continued financial support from its management, and its ability to identify future investment opportunities and obtain the necessary debt or equity financing, and generating profitable operations from the Company’s future operations. These factors raise substantial doubt regarding the Company’s ability to continue as a going concern.  These financial statements do not include any adjustments to the recoverability and classification of recorded asset amounts and classification of liabilities that might be necessary shouldin accrued compensation.


NOTE 5.  Convertible Debentures

a) On December 17, 2013, the Company be unableissued a convertible debenture to continue as a g oing concern.  


2.

Summarynon-related party for proceeds of Significant Accounting Policies


a)

Basis$32,500. Under the terms of Presentation


The financial statementsthe debenture, the amount is unsecured, bears interest at 8% per annum, and is due on September 19, 2014. Interest on overdue principal after default accrues at an annual rate of 22%. After 180 days or June 15, 2014, the debenture is convertible into common shares of the Company haveat a conversion price equal to 51% of the lowest two trading prices of the Company's common shares for the past 30 trading days prior to notice of conversion. On September 19, 2014, as the amount of the convertible debenture had not been prepared in accordance with accounting principles generally acceptedrepaid or converted by maturity, the Company incurred a penalty of 50% of the principal balance owing resulting in the United States (“US GAAP”)Company recording $16,250 which had been included in interest expense.


Due to this provision, the embedded conversion option qualifies for derivative accounting under ASC 815-15 "Derivatives and are expressed in U.S. dollars.Hedging". The Company’s fiscal year end is April 30.


b)

Use of Estimates


The preparation of financial statements in conformity with US GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the datefair value of the financial statementsderivative liability resulted in a full discount to the note payable of $32,500. The carrying value of the convertible note will be accreted over the term of the convertible note up to the face value of $32,500. During the year ended April 30, 2015, the Company issued 595,667 shares of common stock for the conversion of $39,130. As at April 30, 2016, the carrying value of the note was $9,620 (2015 - $9,620).


b) On May 21, 2014, the Company issued a convertible debenture, to a non-related party, for proceeds of $37,500. Under the terms of the debenture, the amount is unsecured, bears interest at 8% per annum, and is due on February 23, 2015. After 180 days or November 17, 2014, the reported amountsdebenture is convertible into common shares of revenuesthe Company at a conversion price equal to 51% of the lowest two trading prices of the Company's common shares for the past 30 trading days prior to notice of conversion.

Due to this provision, the embedded conversion option qualifies for derivative accounting under ASC 815-15 "Derivatives and expenses duringHedging". The fair value of the reporting period. derivative liability resulted in a full discount to the note payable of $37,500. The carrying value of the convertible note will be accreted over the term of the convertible note up to the face value of $37,500. During the year ended April 30, 2015, the Company issued 360,000 shares of common stock for the conversion of $2,920. During the year ended April 30, 2016, the Company issued 1,850,000 shares of common stock for the conversion of $8,772 of the note. As at April 30, 2016, the carrying value of the note was $25,808 (2015 - $34,580).

c) On May 23, 2014, the Company issued a convertible debenture, to a non-related party, for proceeds of $40,000. Under the terms of the debenture, the amount is unsecured, bears interest at 8% per annum, and is due on May 23, 2015. After 180 days or November 19, 2014, the debenture is convertible into common shares of the Company at a conversion price equal to 55% of the lowest trading price of the Company's common shares for the past 15 trading days prior to notice of conversion.
43


Due to this provision, the embedded conversion option qualifies for derivative accounting under ASC 815-15 "Derivatives and Hedging". The fair value of the derivative liability resulted in a discount to the note payable of $25,215. The carrying value of the convertible note will be accreted over the term of the convertible note up to the face value of $40,000. During the year ended April 30, 2015, the Company issued 127,655 shares of common stock for the conversion of $1,335 of the note and $69 of accrued interest. During the year ended April 30, 2016, the Company issued 91,831 shares of common stock for the conversion of $188 of the note and $19 of accrued interest. As at April 30, 2016, the carrying value of the note was $38,477 (2015 - $31,683).

NOTE 6.  Derivative Liability

The Company regularly evaluates estimates and assumptions related to the deferred income tax asset valuation allowances. The Company bases its estimates and assumptions on current facts, historical experience and various other factors that it believes to be reasonable under the circumstances, the results of which form the basis for making judgments about the carrying values of assets and liabilities and the accrual of costs and expenses that are not readily apparent from other sources. The actual results experienced by the Company may differ materially and adversely from the Company’s estimates. To the ex tent there are material differences between the estimates and the actual results, future results of operations will be affected.


c)

Cash and cash equivalents


The Company considers all highly liquid instruments with a maturity of three months or less at the time of issuance to be cash equivalents.  


d)

Basic and Diluted Net Loss per Share


The Company computes net loss per share in accordance with ASC 260,Earnings per Share. ASC 260 requires presentation of both basic and diluted earnings per share (“EPS”) on the face of the income statement. Basic EPS is computed by dividing net loss available to common shareholders (numerator) by the weighted average number of shares outstanding (denominator) during the period. Diluted EPS gives effect to all dilutive potential common shares outstanding during the period using the treasury stock method and convertible preferred stock using the if-converted method. In computing diluted EPS, the average stock price for the period is used in determining the number of shares assumed to be purchased from the exercise of stock options or warrants. Diluted EPS excludes all dilutive potential shares if their effect is anti dilutive.



F-17



APPIPHANY TECHNOLOGIES HOLDINGS CORP.

(A Development Stage Company)

Notes to the Consolidated Financial Statements

(Expressed in US dollars)



2.

Summary of Significant Accounting Policies(continued)


e)   

Financial Instruments


Pursuant to ASC 820,Fair Value Measurements and Disclosuresand ASC 825,Financial Instruments, an entity is required to maximize the use of observable inputs and minimize the use of unobservable inputs when measuring fair value. ASC 820 and 825 establishes a fair value hierarchy based on the level of independent, objective evidence surrounding the inputs used to measure fair value. A financial instrument’s categorization within the fair value hierarchy is based upon the lowest level of input that is significant to the fair value measurement. ASC 820 and 825 prioritizes the inputs into three levels that may be used to measure fair value:


Level 1


Level 1 applies to assets or liabilities for which there are quoted prices in active markets for identical assets or liabilities.


Level 2


Level 2 applies to assets or liabilities for which there are inputs other than quoted prices that are observable for the asset or liability such as quoted prices for similar assets or liabilities in active markets; quoted prices for identical assets or liabilities in markets with insufficient volume or infrequent transactions (less active markets); or model-derived valuations in which significant inputs are observable or can be derived principally from, or corroborated by, observable market data.


Level 3


Level 3 applies to assets or liabilities for which there are unobservable inputs to the valuation methodology that are significant to the measurement ofrecords the fair value of the assets or liabilities.


The Company’s financial instruments consist principally of cash,the conversion price of the convertible debentures disclosed in Note 6 in accordance with ASC 815, Derivatives and amounts due to related parties.  Pursuant to ASC 820 and 825, theHedging. The fair value of our cashthe derivative was calculated using a Black-Scholes model. The fair value of the derivative liability is determined basedrevalued on “Level 1” inputs, which consist of quoted prices in active markets for identical assets. We believe that theeach balance sheet date with corresponding gains and losses recorded values of all of our other financial instruments approximate their current fair values because of their nature and respective maturity dates or durations.


f)

Income Taxes


Potential benefits of income tax losses are not recognized in the accounts until realization is more likely than not. The Company has adopted ASC 740 “Accounting for Income Taxes” asconsolidated statement of its inception. Pursuant to ASC 740,operations. During the year ended April 30, 2016, the Company is required to compute tax asset benefits for net operating losses carried forward. The potential benefitsrecorded a gain on the change in fair value of net operating losses have not been recognized in this financial statement because the Company cannot be assured it is more likely than not it will utilize the net operating losses carried forward in future years.


g)

Comprehensive Loss


ASC 220,Comprehensive Income, establishes standards for the reporting and displayderivative liability of comprehensive$ 90,324 (2015 – loss and its components in the financial statements.of $431,203). As at April 30, 2010,2016, the Company has no items that representrecorded a comprehensive lossderivative liability of $ 140,196 (2015 - $357,985).

The following inputs and therefore, has not included a schedule of comprehensive loss inassumptions were used to value the financial statements.

convertible debentures outstanding during the period ended April 30, 2016 and 2015:


 Expected Volatility (%) Risk-free Interest Rate (%) Expected Dividend Yield (%) 
Expected Life
(in years)
December 17, 2013 convertible debenture:       
As at June 15, 2014 (date note became convertible)433 0.03 0 0.26
As at July 31, 2014 (mark to market)362 0.01 0 0.14
As at September 19, 2014 (date of default penalty)426 0.04 0 0.50
As at October 30, 2014 (date of conversion)335 0.06 0 0.39
As at October 31, 2014 (mark to market)336 0.05 0 0.38
As at November 3, 2014 (date of conversion)348 0.07 0 0.38
As at November 7, 2014 (date of conversion)352 0.05 0 0.37
As at November 10, 2014 (date of conversion)355 0.02 0 0.36
As at November 18, 2014 (date of conversion)370 0.02 0 0.34
As at January 31, 2015 (mark to market)528 0.01 0 0.13
As at March 5, 2015 (date of conversion)693 0.25 0 1.00
As at April 16, 2015 (date of conversion)736 0.22 0 0.88
As at April 22, 2015 (date of conversion)742 0.23 0 0.87
As at April 30, 2015 (mark to market)747 0.24 0 0.85
As at April 30, 2016 (mark to market)366 0.56 0 1.00
        
May 21, 2014 convertible debenture:       
As at November 17, 2014 (date note became convertible)301 0.03 0 0.27
As at January 9, 2015 (date of conversion)597 0.02 0 0.12
As at January 15, 2015 (date of conversion577 0.03 0 0.11
As at January 21, 2015 (date of conversion)650 0.01 0 0.09
As at January 22, 2015 (date of conversion)635 0.02 0 0.09
As at January 30, 2015 (date of conversion)496 0.01 0 0.07
As at January 31, 2015 (mark to market)528 0.01 0 0.06
As at April 16, 2015 (date of conversion)512 0.22 0 0.86
As at April 30, 2015 (mark to market)520 0.24 0 0.82
As at December 7, 2015 (date of conversion)251 0.29 0 0.21
As at April 5, 2016 (date of conversion)371 0.56 0 0.90
As at April 30, 2016 (mark to market)312 0.56 0 0.83
        
May 23, 2014 convertible debenture:       
As at November 19, 2014 (date note became convertible)444 0.07 0 0.51
As at January 14, 2015 (mark to market)462 0.04 0 0.35
As at January 26, 2015 (mark to market)494 0.03 0 0.32
As at January 31, 2015 (mark to market)505 0.02 0 0.31
As at April 30, 2015 (mark to market)576 0.00 0 0.06
As at April 30, 2016 (mark to market)111 0.56 0 0.06

F-18


44

APPIPHANY TECHNOLOGIES HOLDINGS CORP.

(

A Development Stage Company)

Notes to the Consolidated Financial Statements

(Expressed in US dollars)



2.

Summary of Significant Accounting Policies(continued)


h)

Recent Accounting Pronouncements


In January 2010, the FASB issued an amendment to ASC 505, Equity, where entities that declare dividends to shareholders that may be paid in cash or shares at the electionsummary of the shareholders are considered to be a share issuance that is reflected prospectively in EPS, and is not accounted for as a stock dividend.  This standard is effective for interim and annual periods ending on or after December 15, 2009 and is to be applied on a retrospective basis.  The adoption of this standard is not expected to have a significant impact on the Company’s financial statements.  


In January 2010, the FASB issued an amendment to ASC 820, Fair Value Measurements and Disclosure, to require reporting entities to separately disclose the amounts and business rationale for significant transfers in and out of Level 1 and Level 2 fair value measurements and separately present information regarding purchase, sale, issuance, and settlement of Level 3 fair value measures on a gross basis.  This standard, for which the Company is currently assessing the impact, is effective for interim and annual reporting periods beginning after December 15, 2009 with the exception of disclosures regarding the purchase, sale, issuance, and settlement of Level 3 fair value measures which are effective for fiscal years beginning after December 15, 2010.  The adoption of this standard is not expected to have a significant impact on the Company’s financial statements.  


In October 2009, FASB issued an amendment to the accounting standards related to the accounting for revenue in arrangements with multiple deliverables including how the arrangement consideration is allocated among delivered and undelivered itemsactivity of the arrangement. Among the amendments, this standard eliminated the use of the residual method for allocating arrangement considerations and requires an entity to allocate the overall consideration to each deliverable based on an estimated selling price of each individual deliverable in the arrangement in the absence of having vendor-specific objective evidence or other third party evidence of fair value of the undelivered items. This standard also provides further guidance on how to determine a separate unit of accounting in a multiple-deliverable revenue arrangement and expands the disclosure requirements about the judgments made in applying the estimated selling price method and how those judgments affect t he timing or amount of revenue recognition. This standard, for which the Companyderivate liability is currently assessing the impact, will become effective on January 1, 2011.

shown below:


In October 2009, the FASB issued an amendment to the accounting standards related to certain revenue arrangements that include software elements. This standard clarifies the existing accounting guidance such that tangible products that contain both software and non-software components that function together to deliver the product’s essential functionality, shall be excluded from the scope of the software revenue recognition accounting standards. Accordingly, sales of these products may fall within the scope of other revenue recognition standards or may now be within the scope of this standard and may require an allocation of the arrangement consideration for each element of the arrangement. This standard, for which the Company is currently assessing the impact, will become effective on January 1, 2011.

    
Balance, April 30, 2014 $47,706 
Derivative loss due to new issuances  38,016 
Debt discount  95,215 
Adjustment for conversion  (216,139)
Mark to market adjustment at April 30, 2015  393,187 
Balance, April 30, 2015  357,985 
Adjustment for conversion  (127,465)
Mark to market adjustment at April 30, 2016  (90,324)
Balance, April 30, 2016 $140,196 

The Company has implemented all new accounting pronouncements that are in effect. These pronouncements did not have any material impact on the financial statements unless otherwise disclosed, and the Company does not believe that there are any other new accounting pronouncements that have been issued that might have a material impact on its financial position or results of operations




F-19



APPIPHANY TECHNOLOGIES HOLDINGS CORP.

(A Development Stage Company)

NOTE 7.  Notes to the Consolidated Financial Statements

(Expressed in US dollars)

Payable



3.

Related Party Transactions


As at April 30, 2010,2016, the Company owed $64,806$4,616 (2015 - $nil) in notes payable to directorsnon-related parties. Under the terms of the notes, the amounts are unsecured, bears interest at 6% per annum, and officersdue on July 31, 2016.

NOTE 8.  Common Shares

Share Transactions for the Year Ended April 30, 2016

a) On September 8, 2015, the Company issued 91,831 common shares upon the conversion of $188 of convertible note payable, $19 of accrued interest payable as described in Note 5(c), and derivative liability of $348.

b) On November 17, 2015, the Company issued 10,000,000 common shares with a fair value of $100,000 to the President and Director of the Company for financingmanagement services. Fair value was based on the closing market price on the date of day-to-day expenditures incurred on behalf of the Company.  The amounts owing are unsecured, non-interest bearing, and due on demand.

issuance.


4.

Common Shares


a)

c) On June 4, 2009,December 8, 2015, the Company issued 1,500,000 founders550,000 common shares to managementupon the conversion of the Company.  

b)

$2,805 of convertible note payable as described in Note 5(b), and derivative liability of $16,083.


d) On February 24, 2010,January 14, 2016, the Company issued 2,000,000 founders20,000,000 common shares to the President and Director of the Company.

c)

Company for the acquisition of licenses. Refer to Note 3.


e) On February 24, 2010,April 7, 2016, the Company issued 2,000,000 founders1,300,000 common shares upon the conversion of $5,967 of convertible note payable as described in Note 5(b), and derivative liability of $111,034.

Share Transactions for the Year Ended April 30, 2015

a) On January 31, 2015, the Company issued 375,000 common shares with a fair value of $97,500 to athe President and Director of the Company.

d)

Company for management services. Fair value was based on the closing market price on the date of Board approval.


b) On February 3, 2015, the Company effected a 1-for-200 reverse split of its issued and outstanding common shares, which has been applied on a retroactive basis.

c) During the periodyear ended April 30, 2010,2015, the Company issued 400,00073,169 common shares upon the conversion of $11,900 of convertible notes payable and $2,185 of accrued interest payable.

d) During the year ended April 30, 2015, the Company at $0.05 perissued 214,035 common share for proceedsshares upon the conversion of $20,000.

$28,500 of convertible notes payable and $760 of accrued interest payable.


5.

e) During the year ended April 30, 2015, the Company issued 595,667 common shares upon the conversion of $39,130 of convertible notes payable as described in Note 5(a).

f) During the year ended April 30, 2015, the Company issued 360,000 common shares upon the conversion of $2,920 of convertible notes payable as described in Note 5(b).

g) During the year ended April 30, 2015, the Company issued 127,655 common shares upon the conversion of $1,335 of convertible notes payable and $69 of accrued interest payable as described in Note 5(c).

NOTE 9.  Income Taxes


The Company has $67,502$1,039,212 of net operating losses carried forward to offset taxable income in future years which expire commencing in fiscal 2030.  The income tax benefit differs from the amount computed by applying the US federal income tax rate of 34% and the Canada federal and provincial tax rate of 26% to net loss before income taxes for the year ended April 30, 20102016 and 2015 as a result of the following:

45


April 30,

2010

$

Net loss before taxes

(67,502)

Statutory rate

26.7%

Computed expected tax recovery

18,008

Change in valuation allowance

(18,008)

Income tax provision



6.

Subsequent Events


On May 1, 2010, the Company entered into a Share Exchange Agreement with Appiphany Technologies Corp. ("ATC"), a company incorporated in British Columbia, Canada in June 2009, pursuant to which the Company acquired all

  
2016
$
  
2015
$
 
Net loss before taxes  (125,638)  (797,865)
Statutory rate  34   34 
         
Computed expected tax recovery  (42,717)  (271,274)
Permanent differences and other  2,343   178,159 
Change in valuation allowance  40,374   93,115 
         
Income tax provision      
The significant components of the issueddeferred income tax assets and outstanding shares of ATC in exchange for 1,500,000 shares of the Company.  


The acquisition of ATC has been accounted for in accordance with ASC 805-50, Business Combinations – Related Issues, as both the Company and ATC were controlled by common management, and the acquisition has been accounted for as a common control transaction.  The consolidated financial statementsliabilities as at April 30, 2010 reflect2016 and 2015 after applying enacted corporate income tax rates are as follows:


  
2016
$
  
2015
$
 
Net operating losses carried forward  353,332   312,958 
         
Total gross deferred income tax assets  353,332   312,958 
Valuation allowance  (353,332)  (312,958)
         
Net deferred tax asset      

NOTE 10.  Subsequent Events

a) On May 17, 2016, the combined entities since its inception on June 4, 2009.  All significant intercompany transactions have been eliminated and all assets and liabilities of the acquired entity have been brought forward at their carrying value on the date of acquisition.  







PROSPECTUS


APPIPHANY TECHNOLOGIES HOLDINGS CORP.

403 – 1630 Pandosy St.

Kelowna, British Columbia

 Canada V1Y 1P7


2,700,000 shares of common stock



DEALER PROSPECTUS DELIVERY OBLIGATION


Until _______________,2011, all dealers that effect transactions in these securities, whether or not participating in this offering, may be requiredCompany issued a convertible promissory note to deliver a prospectus. This is in additionan unrelated party for $33,000. Pursuant to the dealers’ obligation to deliveragreement, the note was issued with a prospectus when acting10% original issue discount and as underwriters and with respect to their unsold allotments or subscriptions.



____________________, 2011






[RESALE PROSPECTUS ALTERNATIVE PAGE]

APPIPHANY TECHNOLOGIES HOLDINGS CORP.

403 – 1630 Pandosy St.

Kelowna, British Columbia

 Canada V1Y 1P7

(778) 478-9944


PRELIMINARY PROSPECTUS


THE INFORMATION IN THIS PROSPECTUS IS NOT COMPLETE AND MAY BE CHANGED. THESE SECURITIES MAY NOT BE SOLD UNTIL THE REGISTRATION STATEMENT FILED WITH THE SECURITIES AND EXCHANGE COMMISSION IS EFFECTIVE.  THIS PROSPECTUS IS NOT AN OFFER TO SELL THESE SECURITIES AND IT IS NOT SOLICITING AN OFFER TO BUY THESE SECURITIES IN ANY STATE WHERE THE OFFER OR SALE IS NOT PERMITTED.


300,000 shares ofsuch the purchase price was $30,000. The note is convertible into common stock


Our existing shareholders are offering for resale, 300,000 shares of common stock.  The Selling Security Holders will sell the offered securities is a fixed price of $0.05 per share for the duration of the primary offering and thereafter at such prevailing market prices or privately negotiated prices on the OTCBB or other applicable exchange.  All dealers that effect transactions in these securities, whether or not participating in this offering, may be required to deliver a prospectus. This is in addition to the dealers’ obligation to deliver a prospectus when acting as underwriters and with respect to their unsold allotments or subscriptions.


There is currently no market for our common stock and we do not know if an active trading market will develop. We intend to take customary measures to arrange for an application to be made with respect to our common stock to be approved for quotation on the Over-the-Counter Bulletin Board (“OTCBB”) upon the effectiveness of the registration statement of which this prospectus forms a part. There are no assurances that our common stock will be approved for quotation on the OTCBB or that, if approved, any meaningful market for our common stock will ever develop.


The Selling Security Holders will sell the offered securities for a fixed price of $0.05 for the duration of the primary offering and may use one or more of the following methods when selling shares:  (i) at a fixed price of $0.05 per share for the duration of the primary offering and thereafter at such prevailing market prices or privately negotiated prices on the OTCBB or other applicable exchange; (ii) privately negotiated transactions; (iii) to cover short sales after the date the registration statement of which this Prospectus forms a part is declared effective by the Securities and Exchange Commission; (iv) a combination of any such methods of sale; and (v) any other method permitted pursuant to applicable law.


This prospectus covers the resale offering by the Selling Security Holders of 300,000 shares of common stock. The Company is concurrently conducting a primary offering for 2,700,000 shares, which is covered in a separate public offering prospectus.


INVESTING IN OUR COMMON STOCK INVOLVES A HIGH DEGREE OF RISK. YOU SHOULD READ THIS ENTIRE PROSPECTUS CAREFULLY, INCLUDING THE SECTION ENTITLED “RISK FACTORS” BEGINNING ON PAGE 10 HEREOF WHICH DESCRIBES CERTAIN MATERIAL RISK FACTORS YOU SHOULD CONSIDER BEFORE INVESTING.  


Neither the Securities and Exchange Commission nor any state securities commission has approved or disapproved of these securities, or determined if this prospectus is truthful or complete. Any representation to the contrary is a criminal offense.


You should rely only on the information contained in this prospectus and in any prospectus supplement we may file after the date of this prospectus. We have not authorized anyone to provide you with different information. If anyone provides you with different or inconsistent information, you should not rely on it. We will not make an offer to sell these securities in any jurisdiction where an offer or sale is not permitted. The information contained in this prospectus is accurate only as of the date of this prospectus, regardless of the time of delivery of this prospectus or of any sale of our securities.





[RESALE PROSPECTUS ALTERNATIVE PAGE]


No dealer, salesperson or any other person is authorized to give any information or make any representations in connection with this offering other than those contained in this prospectus and, if given or made, the information or representations must not be relied upon as having been authorized by us. This prospectus does not constitute an offer to sell or a solicitation of an offer to buy any security other than the securities offered by this prospectus, or an offer to sell or a solicitation of an offer to buy any securities by anyone in any jurisdiction in which the offer or solicitation is not authorized or is unlawful.


TABLE OF CONTENTS


Page

Prospectus Summary

6

The Offering

7

Risk Factors

8

Determination of Offering Price

13

Use of Proceeds

13

Plan of Distribution; Terms of the Offering

15

Dilution

17

Description of Property

17

Description of Securities

17

Business

18

Management’s Discussion and Analysis

24

Directors, Executive Officers, Promoters and Control Persons

28

Executive Compensation

29

Security Ownership of Certain Beneficial Owners and Management

30

Certain Relationships and Related Transactions

31

Legal Matters

31

Experts

31

Commission Position of Indemnification for Securities Act Liabilities

31

Where you can find more Information

32

Index to Financial Statements

F-1

You should rely only on the information contained or incorporated by reference to this prospectus in deciding whether to purchase our common stock.  We have not authorized anyone to provide you with information different from that contained or incorporated by reference to this prospectus. Under no circumstances should the delivery to you of this prospectus or any sale made pursuant to this prospectus create any implication that the information contained in this prospectus is correct as of any time after the date of this prospectus. To the extent that any facts or events arising after the date of this prospectus, individually or in the aggregate, represent a fundamental change in the information presented in this prospectus, this prospectus will be updated to the extent required by law.





[RESALE PROSPECTUS ALTERNATIVE PAGE]


SUMMARY OF THIS OFFERING


Securities being offered

Up to 300,000 shares of common stock. Our Common Stock is described in further detail in the section of this prospectus titled “DESCRIPTION OF SECURITIES – Common Stock.”

Number of shares outstanding before the offering

5,900,000 shares of Common Stock issued and outstanding as of February 2, 2011 ..

Number of Options Granted

There have been no Options Granted by the Company as of the date hereof.

Net Proceeds to the Company

We will not receive proceeds from the resale of shares by the selling shareholders.

Risk factors

An investment in our common stock involves a high degree of risk. You should carefully consider the risk factors set forth under “Risk Factors” section hereunder and the other information contained in this prospectus before making an investment decision regarding our common stock.





[RESALE PROSPECTUS ALTERNATE PAGE]


USE OF PROCEEDS


We will not receive any of the proceeds from the sale of our ordinary shares by the selling shareholders. The selling shareholders will receive all of the net proceeds from the sales of ordinary shares offered by them under this prospectus.





[RESALE PROSPECTUS ALTERNATE PAGE]

SELLING SECURITY HOLDERS


The persons listed in the following table plan to offer the shares shown opposite their respective names by means of this prospectus. The owners of the shares to be sold by means of this prospectus are referred to as the "Selling Shareholders”. The Selling Shareholders acquired their shares from us in private negotiated transactions. These shares will be sold at a fixed price of $0.05 per share for the duration of the primary offering and thereafter at such prevailing market prices or privately negotiated prices on the OTCBB or other applicable exchange.


In competing sales, brokers or dealers engaged by the Selling Shareholders may arrange for other brokers or dealers to participate. Brokers or dealers may receive commissions or discounts from Selling Shareholders in amounts to be negotiated. As to any particular broker-dealer, this compensation might be in excess of customary commissions. Neither we, nor the selling stockholders can presently estimate the amount of such compensation.


The Selling Shareholders and any broker/dealers who act in connection with the sale of the shares may be deemed to be “underwriters” within the meaning of the Securities Acts of 1933, and any commissions received by them and any profit on any resale of the shares as a principal might be deemed to be underwriting discounts and commissions under the Securities Act.


If any of the Selling Shareholders enters into an agreement to sell his or her shares to a broker/dealer as principal and the broker/dealer is acting as an underwriter, we will file a post-effective amendment to the registration statement, of which this prospectus is a part, identifying the broker/dealer, providing required information concerning the plan of distribution, and otherwise revising the disclosures in this prospectus as needed. We will also file the agreement between the selling shareholder and the broker/dealer as an exhibit to the post-effective amendment to the registration statement.


The Selling Shareholders have been advised that any securities broker/dealers or others who may be deemed to be statutory underwriters will be subject to the prospectus delivery requirements under the Securities Act of 1933. We have advised each selling shareholder that in the event of a “distribution” of the shares owned by the selling shareholder, such selling shareholder, any “affiliated purchasers”, and any broker/dealer or other person who participates in the distribution may be subject to Rule 102 of Regulation M under the Securities Exchange Act of 1934 (“1934 Act”) until their participation in that distribution is complete. Rule 102 makes it unlawful for any person who is participating in a distribution to bid for or purchase stock of the same class, as is the subjectCompany at a price equal to 50% of the distribution. A “distribution” is defined in Rule 102 as an offering of securities “that is distinguished from ordinarylowest trading tr ansaction by the magnitude of the offering and the presence of special selling efforts and selling methods”. We have advised the Selling Shareholders that Rule 101 of Regulation M under the 1934 Act prohibits any “stabilizing bid” or “stabilizing purchase” for purpose of pegging, fixing or stabilizing the price of the Company's common stock in connection with this offering.


The following table sets forth information concerningof either (i) the selling stockholders,twenty-five prior trading days immediately preceding the issuance of the note or (ii) the twenty-five prior trading days including the numberday upon which a notice of shares currently heldconversion is received by the Company. The promissory note shall bear interest at 10% per annum and the number of shares offered by each selling security holder, to our knowledge as of February 2, 2011 .. At the time of acquisition, there were no agreements, understandings or arrangements between any selling stockholders and any other persons, either directly or indirectly, to distribute the securities.

is due on May 17, 2017.

 

 

Before the Offering

 

After the Offering

 

Name of Selling Stockholder(1)

Position, Office or Other Material Relationship

Total Number of Shares of common stock Beneficially Owned Prior to the Offering(2)

Number of Shares to be Offered for the Account of the Selling Stockholder(3)

Number of Shares to be Owned after this Offering(4)

Percentage to be Beneficially Owned after this Offering(4) (5)

 

 

 

 

 

 

Common Stock

 

 

 

 

 

463679 BC LTD(6)

-

200,000

67,000

133,000

2.25%

James Hinton

-

100,000

33,000

67,000

1.14%

Kevin Imthorn

-

100,000

33,000

67,000

1.14%

Garth Roy

-

500,000

167,000

333,000

5.64%

 

 

 

 

 

 







1.

None of

b) On June 13, 2016, the Selling Shareholders are Broker/Dealers, or affiliates with or controlled by any Broker/Dealer.  

2.

IncludesCompany issued 3,217,352 shares of common stock for which the selling security holder has the right to acquire beneficial ownership within 60 days.

3.

This table assumes that each selling security holder will sell all shares offered for sale by it under this registration statement. Security holders are not required to sell their shares.

4.

Assumes that all sharesconversion of Common Stock registered for resale by this prospectus have been sold.

5.

Based on 5,900,000 shares$8,368 of Common stock issued and outstandingconvertible debentures, as of February 2, 2011 ..

6.

Larry Sawchuck has sole voting power over the securities offered for resale by 463679 BC LTD.



noted in Note 5(b).


[RESALE PROSPECTUS ALTERNATE PAGE]

PLAN OF DISTRIBUTION; TERMS OF THE OFFERING


The selling shareholders may, from time to time, sell, transfer or otherwise dispose of any or all of their securities or interests in securities on any stock exchange, market or trading facility on which

c) On June 28, 2016, the shares are traded or in private transactions. These dispositions may be at fixed prices, at prevailing market prices at the time of sale, at prices related to the prevailing market price, at varying prices determined at the time of sale, or at negotiated prices.


The selling shareholders may use any one or more of the following methods when disposing of shares or interests therein:


·

an exchange distribution in accordance with the rules of the applicable exchange;

·

privately negotiated transactions;

·

short sales effected after the date the registration statement of which this Prospectus is a part is declared effective by the SEC;

·

through the writing or settlement of options or other hedging transactions, whether through an options exchange or otherwise;

·

a combination of any such methods of sale.


The selling shareholders may, from time to time, pledge or grant a security interest in some or all of the ordinary shares owned by them and, if they default in the performance of their secured obligations, the pledgees or secured parties may offer and sell the ordinary shares, from time to time, under this prospectus, or under an amendment to this prospectus under Rule 424(b)(3) or other applicable provision of the Securities Act amending the list of selling shareholders to include the pledgee, transferee or other successors in interest as selling shareholders under this prospectus. The selling shareholders also may transfer the securities in other circumstances, in which case the transferees, pledgees or other successors in interest will be the selling beneficial owners for purposes of this prospectus.


In connection with the sale of our ordinary shares or interests therein, the selling shareholders may enter into hedging transactions with broker-dealers or other financial institutions, which may in turn engage in short sales of the ordinary shares in the course of hedging the positions they assume. The selling shareholders may also sell shares of our ordinary shares short and deliver these securities to close out their short positions, or loan or pledge the ordinary shares to broker-dealers that in turn may sell these securities. The selling shareholders may also enter into options or other transactions with broker-dealers or other financial institutions or the creation of one or more derivative securities, which require the delivery to such broker-dealer or other financial institution of shares offered by this prospectus, which shares such broker-dealer or other financial institution may resell pursuant to this prospectus (as supplemented or amended to reflect such transaction).


The aggregate proceeds to the selling shareholders from the sale of the ordinary shares offered by them will be the purchase price of the ordinary shares less discounts or commissions, if any. Each of the selling shareholders reserves the right to accept and, together with their agents from time to time, to reject, in whole or in part, any proposed purchase of ordinary shares to be made directly or through agents. We will not receive any of the proceeds from this offering.


Broker-dealers engaged by the selling shareholders may arrange for other broker-dealers to participate in sales. Broker-dealers may receive commissions or discounts from the selling shareholders (or, if any broker-dealer acts as agent for the purchase of shares, from the purchaser) in amounts to be negotiated. The selling shareholders do not expect these commissions and discounts to exceed what is customary in the types of transactions involved, and in no case will the maximum compensation received by any broker-dealer exceed eight percent (8%).


The selling shareholders also may resell all or a portion of the shares in open market transactions in reliance upon Rule 144 under the Securities Act, provided that they meet the criteria and conform to the requirements of that rule.


Any underwriters, agents, or broker-dealers, and any selling shareholders who are affiliates of broker-dealers, that participate in the sale of the ordinary shares or interests therein may be “underwriters” within the meaning of Section 2(11) of the Securities Act. Any discounts, commissions, concessions or profit they earn on any resale of the shares may be underwriting discounts and commissions under the Securities Act. Selling shareholders who are “underwriters” within the meaning of Section 2(11) of the Securities Act will be subject to the prospectus delivery requirements of the Securities Act. We know of no existing arrangements between any of the selling shareholders and any other shareholder, broker, dealer, underwriter, or agent relating to the sale or distribution of the shares, nor can we presently estimate the amount, if any, of such compensation. See “Selling shareholders” for description of any material relation ship that a shareholder has with us and the description of such relationship.





To the extent required, the shares of our ordinary shares to be sold, the names of the selling shareholders, the respective purchase prices and public offering prices, the names of any agents, dealer or underwriter, any applicable commissions or discounts with respect to a particular offer will be set forth in an accompanying prospectus supplement or, if appropriate, a post-effective amendment to the registration statement that includes this prospectus.


In order to comply with the securities laws of some states, if applicable, the ordinary shares may be sold in these jurisdictions only through registered or licensed brokers or dealers. In addition, in some states the ordinary shares may not be sold unless they have been registered or qualified for sale or an exemption from registration or qualification requirements is available and is complied with.


We have advised the selling shareholders that the anti-manipulation rules of Regulation M under the Exchange Act may apply to sales of shares in the market and to the activities of the selling shareholders and their affiliates. In addition, we will make copies of this prospectus (as it may be supplemented or amended from time to time) available to the selling shareholders for the purpose of satisfying the prospectus delivery requirements of the Securities Act. The selling shareholders may indemnify any broker-dealer that participates in transactions involving the sale of the shares against certain liabilities, including liabilities arising under the Securities Act.


We have agreed with the selling shareholders to keep the registration statement of which this prospectus constitutes a part effective until the earlier of (1) such time as all of the shares covered by this prospectus have been disposed of pursuant to and in accordance with the registration statement or (2) the date on which the shares may be sold pursuant to Rule 144 of the Securities Act.


In addition to the foregoing, persons who purchase warrants from a selling shareholder pursuant to this prospectus and thereafter acquire our ordinary shares upon the exercise of such warrants may resell such ordinary shares without restriction by any method permitted by applicable law.





[RESALE PROSPECTUS ALTERNATE PAGE]


PROSPECTUS


APPIPHANY TECHNOLOGIES HOLDINGS CORP.

403 – 1630 Pandosy St.

Kelowna, British Columbia

 Canada V1Y 1P7


300,000Company issued 1,176,470 shares of common stock


____________________, 2011



DEALER PROSPECTUS DELIVERY OBLIGATION


Until _______________, 2011, all dealers that effect transactions for the conversion of $3,000 of convertible debentures, as noted in these securities, whether or not participating in this offering, may be required to deliver a prospectus. This is in addition to the dealers’ obligation to deliver a prospectus when acting as underwriters and with respect to their unsold allotments or subscriptions.





Note 5(a).


PART II – INFORMATION NOT REQUIRED IN PROSPECTUS


ITEM 13. OTHER EXPENSES OF ISSUANCE AND DISTRIBUTION.


The following table sets forth estimated expenses expected to be incurred in connection with the issuance and distribution of the securities being registered. All such expenses will be paid by us.


Securities and Exchange Commission Registration Fee

$

10.70

Audit Fees and Expenses

$

5,000.00

Legal Fees and Expenses

$

5,000.00

Transfer Agent and Registrar Fees and Expenses

$

500.00

Miscellaneous Expenses

$

1,000.00

Total

$

 11,510.70*

* Estimate Only

 

 

ITEM 14. INDEMNIFICATION OF DIRECTORS AND OFFICERS.


The officers and directors of the Company are indemnified as provided by the Nevada Revised Statutes and the Bylaws of the Company. Unless specifically limited by a corporation’s Articles of Incorporation, Nevada law automatically provides directors with immunity from monetary liabilities. The Company’s Articles of Incorporation do not contain any such limiting language. Excepted from that immunity are:


a.

willful failure to deal fairly with the corporation or its shareholders in connection with a matter in which the director has a material conflict of interest;


b.

a violation of criminal law unless the director had reasonable cause to believe that his or her conduct was lawful or no reasonable cause to believe that his or her conduct was unlawful;


c.

a transaction from which the director derived an improper personal profit; and


d.

willful misconduct.


The Articles of Incorporation provide that the Company will indemnify its officers, directors, legal representative, and persons serving at the request of the Company as a director or officer of another corporation, or as its representative in a partnership, joint venture, trust or other enterprise to the fullest extent legally permissible under the laws of the State of Nevada against all expenses, liability and loss (including attorney’s fees, judgments, fines and amounts paid or to be paid in settlement) reasonably incurred or suffered by that person as a result of that connection to the Company. This right of indemnification under the Articles is a contract right which may be enforced in any manner by such person and extends for such persons benefit to all actions undertaken on behalf of the Company.

The Bylaws of the Company provide that the Company will indemnify its directors and officers to the fullest extent not prohibited by Nevada law; provided, however, that the Company may modify the extent of such indemnification by individual contracts with its directors and officers; and, provided, further, that the Company shall not be required to indemnify any director or officer in connection with any proceeding (or part thereof) initiated by such person unless (i) such indemnification is expressly required to be made by law, (ii) the proceeding was authorized by the Board of Directors of the Company, (iii) such indemnification is provided by the Company, in its sole discretion, pursuant to the powers vested in the Company under Nevada law or (iv) such indemnification is required to be made pursuant to the Bylaws.

The Bylaws of the Company provide that the Company will advance to any person who was or is a party or is threatened to be made a party to any threatened, pending or completed action, suit or proceeding, whether civil, criminal, administrative or investigative, by reason of the fact that he is or was a director or officer, of the Company, or is or was serving at the request of the Company as a director or executive officer of another Company, partnership, joint venture, trust or other enterprise, prior to the final disposition of the proceeding, promptly following request therefore, all expenses incurred by any director or officer in connection with such proceeding upon receipt of an undertaking by or on behalf of such person to repay said amounts if it should be determined ultimately that such person is not entitled to be indemnified under the Bylaws of the Company or otherwise.



II-1





The Bylaws of the Company provide that no advance shall be made by the Company to an officer of the Company (except by reason of the fact that such officer is or was a director of the Company in which event this paragraph shall not apply) in any action, suit or proceeding, whether civil, criminal, administrative or investigative, if a determination is reasonably and promptly made (i) by the Board of Directors by a majority vote of a quorum consisting of directors who were not parties to the proceeding, or (ii) if such quorum is not obtainable, or, even if obtainable, a quorum of disinterested directors so directs, by independent legal counsel in a written opinion, that the facts known to the decision-making party at the time such determination is made demonstrate clearly and convincingly that such person acted in bad faith or in a manner that such person did not believe to be in or not opposed to the best interests of the Company.

ITEM 15. RECENT SALES OF UNREGISTERED SECURITIES.


During the period from inception to the filing of this registration statement, the registrant has issued and/or sold the following securities in various transactions exempt from registration:


·

d) On February 25, 2010,July 27, 2016, the Company issued 2,000,0001,579,800 shares of the Company's common stock at $0.001 per share to the President of the Company for management services. The shares were issued pursuant to Section 4(2), as more specifically set forth below, on the basis that the securities were offered and sold in a non-public offering to a “sophisticated investor” who had access to registration-type information about the Company.


·

On February 25, 2010, the Company issued 2,000,000 shares of the Company's common stock at $0.001 per share to the Secretary of the Company for management services. The shares were issued pursuant to Section 4(2), as more specifically set forth below, on the basis that the securities were offered and sold in a non-public offering to a “sophisticated investor” who had access to registration-type information about the Company.


·

On March 29, 2010, the Company sold 100,000 shares of the Company's common stock at $0.05 per share to one investor for total proceeds of $5,000. The shares were issued pursuant to Rule 903 of Regulation S, as more specifically set forth below, on the basis that the investor was not a “U.S. person” as defined in Regulation S and was not acquiring the shares for the account or benefitconversion of a U.S. person.


·

On April 14, 2010, the Company sold 100,000 shares$4,000 of the Company's common stock at $0.05 per share to one investor for total proceedsconvertible debentures and $28 of $5,000. The shares were issued pursuant to Rule 903 of Regulation S, as more specifically set forth below, on the basis that the investor was not a “U.S. person” as defined in Regulation S and was not acquiring the shares for the account or benefit of a U.S. person.  


·

On April 15, 2010, the Company sold 200,000 shares of the Company's common stock at $0.05 per share to one investor for total proceeds of $10,000. The shares were issued pursuant to Rule 903 of Regulation S, as more specifically set forth below, on the basis that the investor was not a “U.S. person” as defined in Regulation S and was not acquiring the shares for the account or benefit of a U.S. person.   


·

On May 1, 2010, the Company entered into a Share Exchange Agreement with Appiphany Technologies Corp. ("ATC"), a company incorporated in British Columbia, Canada pursuant to which the Company acquired all of the issued and outstanding shares of ATC in exchange for an aggregate of 1,500,000 shares of Appiphany issued equally to three shareholders, including our CEO, President, CFO, Treasurer and Director Mr. Jesse Keller, our Secretary and Director Mr. Jonas Klippenstein, and Garth Roy. The shares were issued pursuant to Regulation S, as more specifically set forth below, on the basis that the investor was not a “U.S. person” as defined in Regulation S and was not acquiring the shares for the account or benefit of a U.S. person.    


·

On July 27, 2010, the Company issued a one year 10% Promissory Note, in the principal amount of $15,000 to Scott Osborne (“Mr. Osborne”) to evidence such funds Mr. Osborne has previously lent the Company. The $15,000 principal amount underlying the Promissory Note is payable: i) on or before the one year anniversary of the Note or ii) upon the Company completing an offering under Regulation D, Regulation S or Section 4(2) of the Securities Act of 1933, and accruesaccrued interest, at the rate of 10% per annum. The Company made the offer and sale in reliance on the exemption from registration afforded by Section 4(2) to the Securities Act of 1933, as amended (the “Securities Act”), as more specifically set forth below, on the basis that the securities were offered and sold in a non-public offering to a “sophisticated investor” who had access to registration-type information about the Company. No commission was paid in connection with the sale of the Promissory Note.  



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·

On October 28, 2010, the Company issued a one year 10% Promissory Note, in the principal amount of $4,633 to Fraser Tolmie (“Mr. Tolmie”) to evidence such funds Mr. Tolmie has previously lent the Company. The $4,633 principal amount underlying the Promissory Note is payable: i) on or before the one year anniversary of the Note or ii) upon the Company completing an offering under Regulation D, Regulation S or Section 4(2) of the Securities Act of 1933, and accrues interest at the rate of 10% per annum. The Company made the offer and sale in reliance on the exemption from registration afforded by Section 4(2) to the Securities Act of 1933, as amended (the “Securities Act”), as more specifically set forth below, on the basis that the securities were offered and sold in a non-public offering to a “sophisticated investor” who had access to registration-type information about the Company. No commission was paid i n connection with the sale of the Promissory Note.  


·

On October 28, 2010, the Company issued a one year 10% Promissory Note, in the principal amount of $5,000 to Darren Wright (“Mr. Wright”) to evidence such funds Mr. Wright has previously lent the Company. The $5,000 principal amount underlying the Promissory Note is payable: i) on or before the one year anniversary of the Note or ii) upon the Company completing an offering under Regulation D, Regulation S or Section 4(2) of the Securities Act of 1933, and accrues interest at the rate of 10% per annum. The Company made the offer and sale in reliance on the exemption from registration afforded by Section 4(2) to the Securities Act of 1933, as amended (the “Securities Act”), as more specifically set forth below, on the basis that the securities were offered and sold in a non-public offering to a “sophisticated investor” who had access to registration-type information about the Company. No commission was paid i n connection with the sale of the Promissory Note.  


·

On October 28, 2010, the Company issued a one year 10% Promissory Note, in the principal amount of $2,490 to Joshua Kostyniuk (“Mr. Kostyniuk”) to evidence such funds Mr. Kostyniuk has previously lent the Company. The $2,490 principal amount underlying the Promissory Note is payable: i) on or before the one year anniversary of the Note or ii) upon the Company completing an offering under Regulation D, Regulation S or Section 4(2) of the Securities Act of 1933, and accrues interest at the rate of 10% per annum. The Company made the offer and sale in reliance on the exemption from registration afforded by Section 4(2) to the Securities Act of 1933, as amended (the “Securities Act”), as more specifically set forth below, on the basis that the securities were offered and sold in a non-public offering to a “sophisticated investor” who had access to registration-type information about the Company. No commission w as paid in connection with the sale of the Promissory Note.


The Company did not use any underwriters with respect to the foregoing sales of its common stock. We did not, nor did any person acting on our behalf, offer or sell the securities by any form of general solicitation or general advertising.


Pursuant to certain applicable limitations on resale, we exercised reasonable care to assure that purchasers were not underwriters within the meaning of section 2(11) of the Act by inquiring of each and every purchaser the following: (1) that each purchaser was purchasing the securities for the purchaser's own accountfor investment purposes and not with a view towards distribution, and (2) that each purchaser had no arrangement or intention to sell the securities. Further, written disclosure was provided to each purchaser prior to the sale that the securities have not been registered under the Act and, therefore, cannot be resold unless the securities are registered under the Act or unless an exemption from registration is available.


All securities sold contained a restrictive legend on the share certificate stating that the securities have not been registered under the Act and setting forth or referring to the restrictions on transferability and sale of the securities.


Exemption From Registration. The shares of Common Stock referenced herein were issued in reliance upon one of the following exemptions:


(a) The shares of Common Stock referenced herein were issued in reliance upon the exemption from securities registration afforded by the provisions of Section 4(2) of the Securities Act of 1933, as amended, ("Securities Act"), based upon the following: (a) each of the persons to whom the shares of Common Stock were issued (each such person, an "Investor") confirmed to the Company that it or he is an "accredited investor," as defined in Rule 501 of Regulation D promulgated under the Securities Act and has such background, education and experience in financial and business matters as to be able to evaluate the merits and risks of an investment in the securities, (b) there was no public offering or general solicitation with respect to the offering of such shares, (c) each Investor was provided with certain disclosure materials and all other information requested with respect to the Company, (d) each Investor acknowledged that all securities being purchased were being purchased for investment intent and were "restricted securities" for purposes of the Securities Act, and agreed to transfer such securities only in a transaction registered under the Securities Act or exempt from registration under the Securities Act and (e) a legend has been, or will be, placed on the certificates representing each such security stating that it was restricted and could only be transferred if subsequently registered under the Securities Act or transferred in a transaction exempt from registration under the Securities Act.



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(b)The shares of Common Stock referenced herein were issued pursuant to and in accordance with Rule 903 of Regulation S of the Act. No commissions were paid in connection with the completion of this offering, except as noted above. We completed the offering of the shares pursuant to Rule 903 of Regulation S of the Act on the basis that the sale of the shares was completed in an "offshore transaction", as defined in Rule 902(h) of Regulation S. We did not engage in any directed selling efforts, as defined in Regulation S, in the United States in connection with the sale of the shares. Each investor represented to us that the investor was not a "U.S. person", as defined in Regulation S, and was not acquiring the shares for the account or benefit of a U.S. person. The agreement executed between us and each investor included statements that the securities had not been registered pursuant to the Act and that the securit ies may not be offered or sold in the United States unless the securities are registered under the Act or pursuant to an exemption from the Act. Each investor agreed by execution of the agreement for the shares: (i) to resell the securities purchased only in accordance with the provisions of Regulation S, pursuant to registration under the Act or pursuant to an exemption from registration under the Act; (ii) that we are required to refuse to register any sale of the securities purchased unless the transfer is in accordance with the provisions of Regulation S, pursuant to registration under the Act or pursuant to an exemption from registration under the Act; and (iii) not to engage in hedging transactions with regards to the securities purchased unless in compliance with the Act. All certificates representing the shares were or upon issuance will be endorsed with a restrictive legend confirming that the securities had been issued pursuant to Regulation S of the Act and could not be resold without registration under the Act or an applicable exemption from the registration requirements of the Act.

Note 5(a).


ITEM 16. EXHIBITS.


The following is a list of exhibits filed as part of this registration statement. Where so indicated by footnote, exhibits which were previously filed are incorporated herein by reference. Any statement contained in an Incorporated Document shall be deemed to be modified or superseded for purposes of this Registration Statement to the extent that a statement contained herein or in any other subsequently filed Incorporated Document modifies or supersedes such statement. Any such statement so modified or superseded shall not be deemed, except as so modified or superseded, to constitute a part of this Registration Statement.

46




Exhibit Number
Description of Exhibit
Filing

Exhibit

Number

3.01

Description

3.1

Articles of Incorporation

Filed with the SEC on June 11, 2010 as part of Appiphany Technologies Holdings Corp.(1)

our Registration Statement on Form S-1.

3.2

3.02

Bylaws

Bylaws

Filed with the SEC on June 11, 2010 as part of Appiphany Technologies Holdings Corp.(1)

our Registration Statement on Form S-1.

4.1

4.01

2012 Equity Incentive Plan

Specimen Stock Certificate(1)

Filed with the SEC on November 9, 2012 as part of our Registration Statement on Form S-8.

4.2

5.01

Legal Opinion of Brunson Chandler & Jones, PLLC

Form of Subscription Agreement(1)

Filed herewith.

5.1

10.01

Opinion of  Carrillo , Huettel & Zouvas , LLP(2)

10.1

Share Exchange Agreement between Appiphany Technologies Holdings Corp. and Appiphany Technologies Corp. (1)

dated May 1, 2010
Filed with the SEC on June 11, 2010 as part of our Registration Statement on Form S-1.

10.2

10.02

Asset Purchase and Sale Agreement with Media Convergence Group, LLC, dated January 14, 2016

Contract license agreement between Appiphany Technologies Corp. and Apple, Inc. dated September, 2009(1)

Filed with the SEC on February 26, 2016 as part of our Current Report on Form 8-K.

10.3

10.03

Letter of Engagement with TOMS Shoes, dated April 16, 2016

Promissory Note between

Filed with the Company and Scott Osborne(1)

SEC on May 18, 2016 as part of our Current Report on Form 8-K.

10.4

10.04

Agreement with Robin's Jean, dated June 8, 2016

Promissory Note between

Filed with the Company and Fraser Tolmie(1)

SEC on August 2, 2016 as part of our Current Report on Form
8-K.

10.5

21.01

Promissory Note between the Company and Darren Wright(1)

10.6

Promissory Note between the Company and Joshua Kostyniuk(1)

10.7

Consulting Agreement between the Company and Voltaire Gomez(1)

21.1

List of Subsidiaries of Appiphany Technologies Holdings Corp(1)

Filed herewith.

23.1

23.01

Consent of Sadler Gibb & Associates, LLC

Auditor Consent(2)

Filed herewith.

23.2

23.02

Consent of Carrillo , HuettelBrunson Chandler & Zouvas , LLP (includedJones, PLLC

Included in Exhibit 5.1) (2)

5.01, filed herewith.


(1)

Filed previously

(2)

Filed herewith.



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47



ITEM 17. UNDERTAKINGS.

(a)

UNDERTAKINGS
The undersigned registrant hereby undertakes to:

(1)

File, during any period in which offers or sales are being made, a post-effective amendment to this registration statement to:

i.

Include any prospectus required by Section 10(a)(3) of the Securities Act of 1933, as amended (the “Securities Act”);

ii.

Reflect in the prospectus any facts or events which, individually or in the aggregate, represent a fundamental change in the information in the registration statement.


Notwithstanding the foregoing, any increase or decrease in volume of securities offered (if the total dollar value of securities offered would not exceed that which was registered) and any deviation from the low or high end of the estimated maximum offering range may be reflected in the form of prospectus filed with the Securities and Commission (the “Commission”) pursuant to Rule 424(b) if, in the aggregate, the changes in volume and price represent no more than 20 percent change in the maximum aggregate offering price set forth in the “Calculation of Registration Fee” table in the effective registration statement.


iii.

Include any additional or changed material information on the plan of distribution.


(2)

For determining liability under the Securities Act, treat each such post-effective amendment as a new registration statement relating to the securities offered, and the offering of such securities at that time shall be deemed to be the initial bona fide offering.

(3)

File a post-effective amendment to remove from registration by means of a post-effective amendment any of the securities that remain unsold at the end of the offering.


(4)

For determining liability of the undersigned registrant under the Securities Act to any purchaser in the initial distribution of the securities, the undersigned registrant undertakes that  in a primary offering of securities of the undersigned registrant pursuant to this registration statement, regardless of the underwriting method used to sell the securities to the purchaser, if the securities are offered or sold to such purchaser by means of any of the following communications, the undersigned registrant will be a seller to the purchaser and will be considered to offer or sell such securities to such purchaser:


i.

Any preliminary prospectus or prospectus of the undersigned registrant relating to the offering required to be filed pursuant to Rule 424;


ii.

Any free writing prospectus relating to the offering prepared by or on behalf of the undersigned registrant or used or referred to by the undersigned registrant;


iii.

The portion of any other free writing prospectus relating to the offering containing material information about the undersigned registrant or its securities provided by or on behalf of the undersigned registrant; and


iv.

Any other communication that is an offer in the offering made by the undersigned registrant to the purchaser.

(5)

For determining liability of the undersigned registrant under the Securities Act to any purchaser, if the undersigned registrant is subject to Rule 430C, each prospectus filed pursuant to Rule 424(b) as part of a registration statement relating to an offering, other than registration statements relying on Rule 430B or other than prospectuses filed in reliance on Rule 430A, shall be deemed to be part of and included in the registration statement as of the date it is first used after effectiveness. Provided, however, that no statement made in a registration statement or prospectus that is part of the registration statement or made in a document incorporated or deemed incorporated by reference into the registration statement or prospectus that is part of the registration statement will, as to a purchaser with a time of contract of sale prior to such first use, supersede or modify any statement that was made in the registration statement or made in any such document immediately prior to such date of first use.


(b)

Provide to the underwriters at the closing specified in the underwriting agreements, certificates in such denominations and registered in such names as required by the underwriters to permit prompt delivery to each purchaser.



II-5





(c)

1.To file, during any period in which offers or sales are being made, a post-effective amendment to this registration statement:
i.To include any Prospectus required by section 10(a)(3) of the Securities Act of 1933;
ii.
To reflect in the Prospectus any facts or events arising after the effective date of the registration statement (or the most recent post-effective amendment thereof) which, individually or in the aggregate, represent a fundamental change in the information set forth in the registration statement. Notwithstanding the foregoing, any increase or decrease in volume of securities offered (if the total dollar value of securities offered would not exceed that which was registered) and any deviation from the low or high end of the estimated maximum offering range may be reflected in the form of Prospectus filed with the Commission pursuant to Rule 424(b) if, in the aggregate, the changes in volume and price represent no more than 20% change in the maximum aggregate offering price set forth in the "Calculation of Registration Fee" table in the effective registration statement.
iii.To include any material information with respect to the plan of distribution not previously disclosed in the registration statement or any material change to such information in the registration statement;
2.
That, for the purpose of determining any liability under the Securities Act of 1933, each such post-effective amendment shall be deemed to be a new registration statement relating to the securities offered therein, and the offering of such securities at that time shall be deemed to be the initial bona fide offering thereof.
3.To remove from registration by means of a post-effective amendment any of the securities being registered which remain unsold at the termination of the offering.
4.That, for the purpose of determining liability of the registrant under the Securities Act of 1933 to any purchaser in the initial distribution of the securities: The undersigned registrant undertakes that in a primary offering of securities of the undersigned registrant pursuant to this registration statement, regardless of the underwriting method used to sell the securities to the purchaser, if the securities are offered or sold to such purchaser by means of any of the following communications, the undersigned registrant will be a seller to the purchaser and will be considered to offer or sell such securities to such purchaser:
i.
Any Preliminary Prospectus or Prospectus of the undersigned registrant relating to the offering required to be filed pursuant to Rule 424;
ii.Any free writing Prospectus relating to the offering prepared by or on behalf of the undersigned registrant or used or referred to by the undersigned registrant;
iii.
The portion of any other free writing Prospectus relating to the offering containing material information about the undersigned registrant or its securities provided by or on behalf of the undersigned registrant; and
iv.Any other communication that is an offer in the offering made by the undersigned registrant to the purchaser.
5.That, for the purpose of determining liability under the Securities Act of 1933 to any purchaser: Each Prospectus filed pursuant to Rule 424(b) as part of a registration statement relating to an offering, other than registration statements relying on Rule 430B or other than Prospectuses filed in reliance on Rule 430A, shall be deemed to be part of and included in the registration statement as of the date it is first used after effectiveness. Provided, however, that no statement made in a registration statement or Prospectus that is part of the registration statement or made in a document incorporated or deemed incorporated by reference into the registration statement or Prospectus that is part of the registration statement will, as to a purchaser with a time of contract of sale prior to such first use, supersede or modify any statement that was made in the registration statement or Prospectus that was part of the registration statement or made in any such document immediately prior to such date of first use.
Insofar as indemnification for liabilities arising under the Securities Act of 1933 may be permitted to our directors, officers and controlling persons, of the registrant pursuant to the foregoing provisions, or otherwise, the registrant haswe have been advised that in the opinion of the Securities and Exchange Commission, such indemnification is against public policy as expressed in the Securities Act of 1933 and is, therefore, unenforceable. In the event that a claim for indemnification against such liabilities (other than the payment by the registrantus of expenses incurred or paid by a director, officer or controlling person of the registrantcorporation in the successful defense of any action, suit or proceeding) is asserted by such director, officer or controlling person in connection with the securities being registered, the registrantwe will, unless in the opinion of itsour counsel the matter has been settled by a controlling precedent, submit to a court of appropriate jurisdiction the question whethe rof whether such indemnification by itus is against public policy as expressed in the Securities Act of 1933, as amended, and will be governed by the final adjudication of such issue.

(d)

(1)

For determining any liability under the Securities Act, treat the information omitted from the form of prospectus filed as part of this registration statement in reliance upon Rule 430A and contained in a form of prospectus filed by the registrant under Rule 424(b)(1), or (4), or 497(h) under the Securities Act as part of this registration statement as of the time the Commission declared it effective.

(2)

For determining any liability under the Securities Act, treat each post-effective amendment that contains a form of prospectus as a new registration statement for the securities offered in the registration statement, and that offering of the securities at that time as the initial bona fide offering of those securities.

case.


48


II-6





SIGNATURES


Pursuant to the requirements of the Securities Act of 1933, as amended, the registrant certifies that it has reasonable grounds to believe that it meets all of the requirements for filing on Form S-1 and has duly caused this registration statement to be signed on its behalf by the undersigned, thereunto duly authorized on the 9th day of February, 2011.


APPIPHANY TECHNOLOGIES HOLDINGS CORP.


/s/ Jesse Keller                          

By: Jesse Keller

December 9, 2016.
Appiphany Technologies Holdings Corp.

Title:

By:/s/ Rob Sargent
Rob Sargent
President and Chief Executive Officer

CEO

(Principal Executive Officer)
By:
/s/ Rob Sargent
Rob Sargent
Chief Financial Officer
(Principal Financial Officer and Principal Accounting Officer)


In accordance with the requirements of the Securities Act of 1933, this Registration Statement has beenregistration statement was signed below by or on behalf of the following persons in the capacities and on the dates stated.


stated:
NameTitleDate

Signature

/s/ Rob Sargent

Title

Date

President, CEO, CFO, Director
December 9, 2016

Rob Sargent

By/s/ Jesse Keller

Director

February 9, 2011

By/s/ Jonas Klippenstein          

Director

February 9, 2011





II-7


49



EXHIBIT INDEX


Exhibit

Number

Description

3.1

Articles of Incorporation of Appiphany Technologies Holdings Corp.(1)

3.2

Bylaws of Appiphany Technologies Holdings Corp.(1)

4.1

Specimen Stock Certificate(1)

4.2

Form of Subscription Agreement(1)

5.1

Opinion of Carrillo , Huettel & Zouvas , LLP(2)

10.1

Share Exchange Agreement between Appiphany Technologies Holdings Corp. and Appiphany Technologies Corp. (1)

10.2

Contract license agreement between Appiphany Technologies Corp. and Apple, Inc. dated September, 2009(1)

10.3

Promissory Note between the Company and Scott Osborne(1)

10.4

Promissory Note between the Company and Fraser Tolmie(1)

10.5

Promissory Note between the Company and Darren Wright(1)

10.6

Promissory Note between the Company and Joshua Kostyniuk(1)

10.7

Consulting Agreement between the Company and Voltaire Gomez(1)

21.1

List of Subsidiaries of Appiphany Technologies Holdings Corp(1)

23.1

Auditor Consent(2)

23.2

Consent of  Carrillo , Huettel & Zouvas , LLP (included in Exhibit 5.1) (2)


(1)

Filed previously

(2)

Filed herewith.



II-8