LIMITLESS X HOLDINGS INC.

(BLAB)
Delayed OTC Markets  -  09:59 2022-08-10 am EDT
0.4500 USD   +12.50%
08/05LIMITLESS X HOLDINGS INC. : Entry into a Material Definitive Agreement, Financial Statements and Exhibits (form 8-K)
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07/18Limitless X Holdings Inc. announced a financing transaction
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06/27Limitless X Anticipates Strong Sales and Earnings in the Current Fiscal Year
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BIO LAB NATURALS, INC. : Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant, Other Events, Financial Statements and Exhibits (form 8-K)

06/08/2022 | 05:31pm EDT

Item 2.03 Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant.

On June 1, 2022, Bio Lab Naturals, Inc., a Delaware corporation ("we" or the "Company") received interim funding from Jaspreet Mathur, Chairman and CEO of the Company, in the amount of $500,000. This funding is being treated as an advance with final terms of repayment still to be formalized. With the addition of this $500,000 advance, the total amount Mr. Mathur has provided the Company is $2,800,000, with dates and amounts as follows. May 18, 2022 $450,000, 8.5% interest, May 16, 2022 $1,100,000, 6% interest, May 8, 2022 550,000, 6% interest, February 11, 2022 $150,000, 6% interest and December 6, 2021 $50,000 6% interest. To date no payments have been made to Mr. Mathur. Additionally, Mr. Mathur has also paid directly and additional $2,300,000 for marketing and various corporate expenses, bringing the aggregate total of funds provided by Mr. Mathur to $5,100,000. All amounts have been duly recorded in the books of the Company.



Item 8.01 Other Events.



On June 6, 2022, by unanimous consent of the Board of Directors and major shareholders of the corporation, have voted in favor to change the Company's corporate name from Bio Lab Naturals, Inc. to Limitless X Holdings Inc.

A copy of the director's resolution and shareholders' resolution are attached hereto as Exhibits 99.1 and 99.2.


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  Item 9.01 Financial Statements and Exhibits




(d) Exhibits



Exhibit No.   Description
99.1            Director's Consent Resolution
99.2            Shareholders Consent Resolution
104           Cover Page Interactive Data File (formatted as an Inline XBRL document)






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Managers and Directors
Jaspreet Mathur Chairman & Chief Executive Officer
Kenneth Haller President & Director
Benjamin Chung Chief Financial Officer
Danielle Young Chief Operating Officer
Dov Konetz Director
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