Item 1.01 - Entry into a Material Definitive Agreement.
The information set forth in Item 3.01 below is hereby incorporated by reference. The issuance of these securities was deemed to be exempt from the registration requirements of the Securities Act by virtue of the provisions of Section 4(a)(2) and Regulation D (Rule 506) thereunder, and the corresponding provisions of state securities laws.
This Current Report on Form 8-K does not constitute an offer to sell or the solicitation of an offer to buy the securities discussed herein, and there shall not be any offer, solicitation or sale of these securities in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction.
Item 2.03 - Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement.
The information set forth in Item 3.02 below is hereby incorporated by reference. The issuance of these securities was deemed to be exempt from the registration requirements of the Securities Act by virtue of the provisions of Section 4(a)(2) and Regulation D (Rule 506) thereunder, and the corresponding provisions of state securities laws.
This Current Report on Form 8-K does not constitute an offer to sell or the solicitation of an offer to buy the securities discussed herein, and there shall not be any offer, solicitation or sale of these securities in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction.
Item 3.02 - Unregistered Sales of
As of
The 7.25% Notes are initially convertible into shares of the Company's common
stock, par value
Under the terms of the Pledge and Security Agreement and Mortgage Agreement with
each holder of 7.25% Notes, the Company agreed to grant a lien and security
interest and mortgage for all debts, obligations and liabilities of the Company
in and to all assets obtained by the Company under that certain Purchase and
Sale Agreement dated as of
On
The foregoing is a summary description of the terms and conditions of the
Contractual Investment Agreements, 7.25 % Notes, Pledge and Security Agreement
and Mortgage Agreement and does not purport to be complete and is qualified in
its entirety by reference to the Contractual Investment Agreements filed as
Exhibit 10.1 and 10.2 to the Company's Quarterly Report on Form 10-Q for the
Quarter ended
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Item 9.01 Financial Statements and Exhibits.
(d) Exhibits
10.1 Contractual Investment Agreement dated as of February 25, 2022 with20 Shekels , Inc. * 10.2 Contractual Investment Agreement dated as of February 25, 2022 with AEIManagement, Inc. * 10.3 Form of 7.25% Senior Secured Promissory Note ** 10.4 Form of Pledge and Security Agreement ** 10.5 Form of Mortgage ** 10.6 Form of Subscripti on Agreement for Common Stock ** 104 Cover Page Interactive Data File (embedded within the Inline XBRL document) * Incorporated herein by reference to Exhibit 10.1 and 10.2 to the Company's Quarterly Report on Form 10-Q for the Quarter endedMarch 31, 2022 filed with theSEC onJuly 29, 2022 . ** Incorporated herein by reference to Exhibit 10.3, 10.4, and 10.5 to the Company's Annual Report on Form 10-K for the fiscal year endedDecember 31, 2021 , filed with theSEC onApril 4, 2022 .
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