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    ECRP   US12545Y1029

CHEE CORP.

(ECRP)
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CHEE CORP. : Entry into a Material Definitive Agreement, Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant (form 8-K)

05/04/2021 | 04:09pm EST

Item 1.01 Entry into a Material Definitive Agreement

The information set forth in Item 2.03 is incorporated by reference into this Item 1.01.

The description of the promissory note is only a summary of the material terms of the note, does not purport to be a complete description of the note, and is qualified in its entirety by reference to the note, a copy of which is filed as Exhibit 10.1 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



On March 24, 2021, the Company executed a Promissory Note payable to Lawrence M. Silver, as lender, pursuant to which the Company borrowed $500,000. The note matures on June 22, 2021, is unsecured, bears interest at a rate of 10% per annum, and the unpaid principal may be accelerated upon an event of default as defined thereunder.

© Edgar Online, source Glimpses

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Financials (USD)
Sales 2021 - - -
Net income 2021 -0,48 M - -
Net cash 2021 0,91 M - -
P/E ratio 2021 -126x
Yield 2021 -
Capitalization 91,9 M 91,9 M -
EV / Sales 2020 -
EV / Sales 2021 -
Nbr of Employees 3
Free-Float -
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Managers and Directors
Aaron Klusman Chairman & Chief Executive Officer
Rich Gean Chief Financial Officer, Secretary & Treasurer
Michael J. Witherill Vice Chairman, CFO, Secretary & Treasurer
John P. Morgan Director
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