Item 1.01. Entry into a Material Definitive Agreement.
On
A copy of the Loan Agreement is attached hereto as Exhibit 10.1 and is
incorporated herein by reference. The foregoing summary of the terms of the Loan
Agreement is subject to, and qualified in its entirety by, such agreement. On
Item 2.03. Creation of a Direct Financial Obligation.
The disclosure set forth under Item 1.01 above is hereby incorporated in its entirety under this Item 2.03.
Item 3.02. Unregistered Sales of
As described more fully in Item 1.01 above, on the closing date of the transaction, the Company shall issue to the Lender the Note convertible into restricted shares of the Company's common stock in a private placement, which Note, when issued, will be exempt from registration pursuant to Section 4(2) of, and/or Rule 506 under Regulation D promulgated under the Securities Act of 1933, as amended (the "Securities Act"), or Regulation S promulgated under the Securities Act.
Item 9.01. Financial Statement and Exhibits.
(d) Exhibits. Exhibit No. Description 10.1 Loan Agreement datedJune 15, 2020 between the Company and the Lender. 99.1 Press Release datedJune 16, 2020 . 2
© Edgar Online, source