FOMO Worldwide Inc (IGOT): ITEM 8.01 Other Events On September...

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Daddy Rick

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Wednesday, 09/18/2019 6:54:25 PM

Wednesday, September 18, 2019 6:54:25 PM

ITEM 8.01 Other Events

On September 6, 2019, 2050 Motors, Inc. sold a $35,000 note to a third-party lender netting the Company $28,500 after an original issue discount of $3,500 and legal fees and expenses of $3,000. Today, the Company is hereby updating investors with a refreshed third-party debt schedule for this loan, recent conversions and beneficial accounting/audit changes, which illustrates reduction of third-party debt, interest and penalties of over $1 million in the past few months bringing the principal amount due to third-party lenders down to $223,544.

Item 9.01. Exhibits

(a) Exhibits. The following exhibit is filed with this Current Report on Form 8-K:

Exhibit No. Description
10.1 GS Capital $35,000 Debenture – September 6, 2019
10.2 2050 Motors, Inc. Third Party Debt Schedule – September 18, 2019

https://ih.advfn.com/stock-market/USOTC/2050-motors-inc-ETFM/stock-news/80754074/current-report-filing-8-k