Friday, June 18, 2021 9:50:46 AM
https://sec.report/Document/0001493152-20-018919/
ITEM 1.01 ENTRY INTO A MATERIAL DEFINITIVE AGREEMENT.
Effective 30 September 2020, Data443 Risk Mitigation, Inc. (the “Company”) entered into an agreement with an existing lender to amend and revise the terms of an existing Note and Warrant, each issued on 18 March 2020.
The Note, issued in the original principal amount of $125,000 and having a variable conversion feature with a 25% discount to the market price, was exchanged for a new promissory note (the “New Note”), which provides as follows:
(1) The principal balance of the New Note shall be $325,000, which includes all accrued and unpaid interest;
(2) No further interest shall accrue on the New Note so long as there is no event of default;
(3) The maximum amount which can be converted into shares of common stock of the Company is $325,000;
(4) Conversions into common stock under the New Note shall be effected at the lowest closing stock price during the five (5) days preceding any conversion, with -0- discount and a conversion price not below $0.007;
(5) No prepayment premiums or penalties; and
(6) Maturity date for the New Note shall be 30 September 2021.
VHAI - Vocodia Partners with Leading Political Super PACs to Revolutionize Fundraising Efforts • VHAI • Sep 19, 2024 11:48 AM
Dear Cashmere Group Holding Co. AKA Swifty Global Signs Binding Letter of Intent to be Acquired by Signing Day Sports • DRCR • Sep 19, 2024 10:26 AM
HealthLynked Launches Virtual Urgent Care Through Partnership with Lyric Health. • HLYK • Sep 19, 2024 8:00 AM
Element79 Gold Corp. Appoints Kevin Arias as Advisor to the Board of Directors, Strengthening Strategic Leadership • ELMGF • Sep 18, 2024 10:29 AM
Mawson Finland Limited Further Expands the Known Mineralized Zones at Rajapalot: Palokas step-out drills 7 metres @ 9.1 g/t gold & 706 ppm cobalt • MFL • Sep 17, 2024 9:02 AM
PickleJar Announces Integration With OptCulture to Deliver Holistic Fan Experiences at Venue Point of Sale • PKLE • Sep 17, 2024 8:00 AM