AppSwarm Inc (SWRM)

[littlejohn]

SNWT .001, need to find out if TCA

took over SNWT or if they secured the operating

agrement that PUNK had with SNWT...

For some reason TCA passed on converting PUNK

shares to service the debt that PUNK couldn't

pay them...

http://www.otcmarkets.com/edgar/GetFilingHtml?FilingID=10014412

On October 9, 2013, ePunk, Inc. and TCA Global Credit Master Fund executed an Assignment, Assumption Waiver and Termination Agreement (the "Assignment Agreement") as a result of the default by the Company under the Credit Agreement for failure to make principle and interest payments. Under the Assignment Agreement the Company assigned all of its right, title and interest in the website www.countyimports.com in consideration for (i) the TCA’s waiver of its rights to foreclose upon the Collateral (as defined in the Credit Agreement), (ii) TCA’s immediate release and discharge of all liens and security interests currently held in favor of TCA against the Company, (ii) TCA’s immediate release and discharge of all obligations owed by the Company under and pursuant to the Credit Agreement and all Loan Documents (as defined therein) and (iii) TCA’s immediately termination of the Credit Agreement and all Loan Documents.

Around page 39 in the above filing has some TCA debt

description details...

TCA is a lender and not in the company management

biz...So it would seem odd, unless they had a deal

for s company to continue the revenue that originated

thru County Imports, not to just convert shares to

get the debt to them serviced...

Sure haven't seen any updates from SNWT...LJ