ITEM 1.01 Entry into a Material Definitive Agreement
Securities Purchase Agreement with
The Note is due and payable on
At any time 120 days following the issuance of this Note, the holder shall have the right, to convert all or any part of the outstanding and unpaid amount of this Note (including interest) into fully paid and non-assessable shares of Common Stock. The conversion price shall mean 57.5% multiplied by the average of the 3 lowest Trading Price for the Common Stock for the 15 Trading Days prior to the Conversion Date (representing a discount rate of 42.5%)
The Company is entitled to prepay the convertible note at the rate of 125% during the 120 days following the issue date. After the expiration of one hundred and twenty (120) days following the Issue Date, the Borrower shall have no right of prepayment.
ITEM 3.02
The issuance of a convertible promissory note to
The description of the transaction contemplated by this agreement does not purport to be complete and is qualified in its entirety by reference to the full text of the documents filed as exhibits hereto and incorporated herein by reference.
ITEM 8.01 OTHER EVENTS.
On
For Company Products endorsement, Tyrell shall receive 10,000,000 common shares to be the brand ambassador for "NutraMax Genomic Supplement", enteric capsule, a proprietary blend of nine medicinal mushrooms and six medicinal plants including any and all future formulations.
Where Company seeks Tyrell to appear on its behalf at any scheduled event,
scheduled show, or other public or private venue, then the Company shall pay for
travel, accommodations and meals (if required), additionally pay to Tyrell
2
ITEM 9.01 FINANCIAL STATEMENTS AND EXHIBITS.
Exhibit Number Description of Exhibit 99.1 SPA 99.2 Promissory Note 104 Cover Page Interactive Data File (embedded within the Inline XBRL document). 3
© Edgar Online, source