Exhibit 99.1

Summary of Hillair Capital Management Financing Transaction Inclusive of summary terms of additional reorganization of PFO Global’s capital stack

On September 29, 2015, PFO Global, Inc. (the “Company”) entered into a Securities Purchase Agreement (the “Securities Purchase Agreement”) with Hillair Capital Investment L.P. (the “Investor”), pursuant to which the Company sold, on September 30, 2015 (the “Closing Date”), an aggregate of $1,120,000 in principal amount of an 8% original issue discount senior secured convertible debenture, dated January 1, 2017 (the “Debenture”), for an aggregate purchase price of $1,000,000 to the Investor. Pursuant to the Securities Purchase Agreement, on the Closing Date the Company also issued to the Investor a warrant (the “Warrant”), to purchase an aggregate of 560,000 shares of the Company’s common stock, par value $0.0001 per share (the “Common Stock”) (subject to adjustment).

The Debenture matures on January 1, 2017, and accrues interest at the rate of 8% per annum. One quarter of the original principal amount of the Debenture is payable on each of July 1, 2016 and October 1, 2016, and the remaining principal amount of the Debenture is payable on January 1, 2017 (each, a “Periodic Redemption Date”). Accrued interest on the Debenture is payable on January 1, April 1, July 1 and October 1 of each year, commencing on April 1, 2016. Amounts of principal and accrued interest under the Debenture is convertible at the option of the Investor at any time into shares of Common Stock at an initial conversion price (as may be adjusted, the “Conversion Price”) of $2.00 per share, subject to certain ownership limitations and adjustment provisions. The Conversion Price is subject to reduction to an amount equal to 90% of the effective price per share of securities issued by the Company (i) in a registered offering of Common Stock or securities convertible into or exchangeable for shares of Common Stock (collectively “Common Stock Equivalents”) or (ii) in any other financing or series of financings of Common Stock or Common Stock Equivalents with gross proceeds of $4,000,000 or more (each, a “Triggering Event”). Beginning on January 1, 2016, the Company has the option, subject to certain conditions, to redeem some or all of the then outstanding principal amount of the Debenture for cash in an amount equal to the sum of (i) 120% of the then outstanding principal amount of the Debenture, (ii) accrued but unpaid interest and (iii) any liquidated damages and other amounts due in respect of the Debenture. Pursuant to the terms of the Debenture, the Company has agreed to certain negative covenants, including not to incur or repay any other indebtedness, for so long as any portion of the Debenture remains outstanding.

The Warrant is exercisable for a period of five years from the Closing Date, at an initial exercise price (the “Exercise Price”) of $2.40 per share. In addition to customary adjustments for stock splits and the like, if a Triggering Event occurs, the Exercise Price is subject to reduction to the Conversion Price applicable as a result of such Triggering Event, in which event the number of shares of Common Stock issuable under the Warrant would be increased such that the aggregate Exercise Price payable under the Warrant, after taking into account the decrease in the Exercise Price, would be equal to the aggregate Exercise Price prior to such adjustment. If at any time after the six month anniversary of the date of the Purchase Agreement there is no effective registration statement registering, or no current prospectus available for, the resale of the shares of Common Stock underlying the Warrant, then the Warrant may be exercised, in whole or in part, at such time on a “cashless exercise” basis.

In consideration of the Hillair financing provided in I above, the Company and Hillair agreed that Hillair would provide follow on financing as follows:

Hillair will agree to finance an additional $2,000,000 in two $1,000,000 tranches. The additional financings are subject to the following conditions:

If these milestones are not met, Hillair has no obligation to make any further investment. If these milestones are met, the new debentures would have 24 month terms, 8% coupon interest rate, and 16% original issue discount. Further, accrued interest and 25% of the principal amount would be due at the 18 month anniversary of each tranche; and the remaining accrued interest and principal would be due at the 24 month anniversary of each tranche. Hillair Capital debentures are senior to all other Company debt; and Hillair Capital has a first priority lien on all of the Company’s assets.

The Issue Amount and accrued interest would be convertible at Hillair’s option at any time into shares of Company Common Stock with the initial conversion price per share based on $15,000,000 equity valuation divided by the number of common shares outstanding on October 31, 2015 after voluntary debt conversions, if any (the “New Conversion Price”). Upon an investment aligned with an up-listing of the Company’s Common Stock of at least $10 million, the conversion price will increase to a 10% discount to the Common Stock price at the time of the new financing.

The face amount and accrued interest of the existing Hillair debentures (issued in July and September 2015)¹ will be converted into new debentures with terms consistent with the preceding paragraphs.

Hillair will receive additional warrant coverage for each tranche closing as follows: Warrants for 100% of the number of shares of Common Stock that the debenture Issue Amount would buy at the New Conversion Price. The Warrants shall have (i) an initial Exercise Price equal to 120% of the New Conversion Price, (ii) cashless exercise provisions unless there is an outstanding registration statement covering all Warrant shares and (iii) a five-year term.

The exercise price of Hillair’s existing warrants (issued in July and September 2015) will be amended to the New Conversion Price.

If the Company does not raise $10,000,000 of new financing by the December 31, 2016, Hillair will have the right to invest up to an additional $2,000,000 into the Company on the same terms (consisting of debentures and warrants) as its existing investment.

In addition to the above, the transaction with Hillair has the following requirements as a condition to any further financing:

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¹ Face amount of debentures totals $5,600,000 and accrued interest totals approximately $126,933 as of October 31, 2015.