ITEM 1.01 Entry into a Material Definitive Agreement.
On
The foregoing description of the Debt Cancellation Agreement is qualified in its entirety by reference to the full text of the Debt Cancellation Agreement, which is filed as Exhibit 10.1 to this Current Report, and is incorporated herein by reference.
ITEM 3.02 Unregistered Sales of
The information provided in Item 1.01 of this Current Report on Form 8-K is incorporated by reference into this Item 3.02.
The Shares of Common Stock referenced herein were issued in reliance upon the
exemption from securities registration afforded by the provisions of Regulation
S of the Securities Act of 1933, as amended, ("Securities Act"). Our reliance
upon the exemption under Rule 903 of Regulation S of the Securities Act was
based on the fact that the sales of the securities were completed in an
"offshore transaction", as defined in Rule 902(h) of Regulation
Item 9.01 Financial Statements and Exhibits.
(d) Exhibits.
Exhibit No. Description 10.1 Debt Cancellation Agreement between the Company and certain Creditors datedDecember 14, 2020
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