US Stem Cell Inc (USRM)

[trading.jeff]

$USRM 8-K:

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



The Company was one of the parties to a Settlement Agreement and General Release (the “Agreement”) dated June 3 2019 related to certain medical procedures. Without admitting any liability, and as part of that Agreement, the Company agreed to provide a five year 5.25% Promissory Note, dated June 15, 2019, in the principal amount of Five Hundred Thousand Dollars ($500,000), payable in monthly increments of Five Thousand ($5,000) per month, with a final balloon payment due on June 15, 2024 .

https://ih.advfn.com/stock-market/USOTC/u-s-stem-cell-inc-USRM/stock-news/80186910/current-report-filing-8-k