Item 1.01. Entry into a Material Definitive Agreement.
OnMay 2 and 3, 2021,Bioxytran, Inc. (the "Company") entered into nine Convertible Note Agreements for the purchase of a total amount of$3,266,845.70 in 1-year convertible notes (the "Notes"), with an interest rate of 6% convertible at the lower of (i) a fixed price of$0.13 , or (ii) 85% of the closing price of any Qualified Financing. The Notes were paid for in a combination of cash and in replacement of debt and contain provisions of a lock-up period of 180 days, as well as prepare and file with theSEC a Registration Statement on Form S-1 within a period of 60 days from issuance. The transactions here below were approved by the Company's Board of Directors onJune 4, 2021 . The total Debt Discount mounted to$119,850.00 , paid to a sole Placement Agent:WallachBeth Capital (Member FINRA /SIPC ). Name Amount Due Accrued Interest Converted Converted at June 1, 2021 Price # of shares Robert Salna (1)$ 1,000,000.00 $ 4,577.00 $ - - Angelo Parravano (1) 100,000.00 458.00 - - Mike Parravano (1) 65,000.00 298.00 - - David Platt (2) 384,503.60 2,114.77 0.13 2,973,988 Ola Soderquist (2) 384,503.60 2,114.77 0.13 2,973,988 Mike Sheikh (2) 212,458.50 1,168.52 0.13 1,643,285 Veronika Tyukova (2) 100,380.00 552,09 0.13 776,401 Alben Sigamani (2) 20,000.00 110.00 0.13 154,463
Pharmalectin Partners LLC (3) 1,000,000.00 4,577.00
- -$ 3,266,845.70 $ 15,418.06 8,522,355
(1) Paid for in exchange of cash (
Paid for by amounts due, in reliance on an exemption under Section 4(2)(a) (2) ($1,101,845.70 ) - The notes were converted into Common Stock on June 4, 2021. (3) Paid for by returning the convertible notes here below ($1,000,000 ); Date of Principal Default Warrants Exercise Amortization Accrued Debtor Issuance Amount Penalty Issued Term Price of Warrants Interest GS Capital 10/30/2019$ 125,000 $ 65,808 50,000 5$ 2.00 $ 23,867 $ 53,645 Power Up #1 10/24/2019 106,000 114,224 - - - - 58,535 Peak One 10/23/2019 120,000 36,000 50,000 5 2.00 21,606 31,542 Tangiers 10/23/2019 106,300 48.261 50,000 5 2.00 21,116 35,351 FirstFire 11/20/2019 125,000 65,541 50,000 5 2.00 17,979 53,395 Power Up #2 12/30/2019 54,600 57,185 - - - - 28,917 EMA Financial 01/10/2020 125,000 135,158 50,000 5 2.00 5,948 71,464 Crown Bridge 02/20/2020 55,000 28,015 22,000 5 2.00 6,763 14,331 Power Up #3 02/19/2020 56,600 58,039 - - - - 29,049 Power Up #4 03/18/2020 64,900 65,725 - - - - 32,693$ 938,400 $ 673,956 272,000$ 97,279 $ 408,924 The debt originating from aJanuary 20, 2021 summary judgement by theSupreme Court of the State of New York , County ofNassau , awarding Power Up damages in the amount of$420,750 for Breach of Contact is also cancelled by this agreement.
The Notes will be cancelled while the Warrants will be transferred to the
Company's officers in lieu of interest on amounts due as at
Item 3.02 Unregistered Sales of
The information provided in Item 1.01 of this Current Report on Form 8-K is incorporated herein by reference.
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Item 9.01. Financial Statements and Exhibits.
(d) Exhibits. Exhibit Number Description 10.58 Form of Convertible Note Agreement between Note Holders andBioxytran, Inc. , datedMay 2 and 3, 2021. 2
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