Item 1.01 Entry into a Material Definitive Agreement
On
The maturity date of the Note is the twenty-four (24) month anniversary from the
Issuance Date (the "Maturity Date"). The Note bears an interest rate of ten
percent (10%) per annum and was initially only convertible into shares of the
Company's common stock at a fixed conversion price of
On
The foregoing description of the SPA, Note and Amendment is qualified by reference to the full text of the forms of SPA, Note and Amendment, which are filed as Exhibits 10.1, 10.2 and 10.3 hereto respectively, and incorporated herein by reference.
Item 2.03 Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant
The disclosures set forth in Item 1.01 of this Current Report are incorporated by reference herein.
Item 9.01 Financial Statements and Exhibits.
(d) Exhibits
The exhibit listed in the following Exhibit Index is filed as part of this Current Report on Form 8-K.
Exhibit No. Description 10.1 Form of Securities Purchase Agreement (Incorporated by reference to Exhibit 10.1 to the Current Report on Form 8-K filed onNovember 5, 2020 .) 10.2 Form of Convertible Promissory Note (Incorporated by reference to Exhibit 10.2 to the Current Report on Form 8-K filed onNovember 5, 2020 .) 10.3 Amendment No. 1 to Promissory Note 1
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