Biotricity Inc. (BTCY)

[BillyBahama]

$BTCY Entry into a Material Definitive Agreement.


Between July 9, 2019 and July 11, 2019, Biotricity, Inc. (the “Company”) sold to four accredited investors a total of $500,000 (the “Holders”). The notes mature twelve months from the date of issuance. The Notes bear an interest rate of 10%, which is to be paid quarterly in arrears.


Pursuant to the subscription agreement between the Company and the Holders, the Notes may be convertible subject to mutual agreement of the Company and the Holders of the Notes at a 20% discount to the next equity financing of greater than $5,000,000 excluding the conversion of the Notes.


The Notes referenced above were offered and sold pursuant to an exemption from the registration requirements under Section 4(a)(2) of the Securities Act since, among other things, the transactions did not involve a public offering.



Copies of the forms of the subscription agreement and promissory note are attached hereto as exhibits to this Current Report. The foregoing description of the material terms of the subscription agreement and promissory notes are qualified in their entirety by reference by such exhibits.