Friendable, Inc. (OTCMKTS:FDBL) Files An 8-K Entry into a Material Definitive Agreement
Item 9.01 Entry into a Material Definitive Agreement
Friendable, Inc. (OTCMKTS:FDBL) Files An 8-K Entry into a Material Definitive Agreement
Item 9.01 Unregistered Sales of Equity Securities.
On September 26, 2019, the Friendable Inc. (the “Company”) entered into a Settlement Agreement with Integrity Media setting the civil action known as Integrity Media, Inc. vs. Friendable, Inc. et al., Orange County Case No. 30-2016-00867956-CU-CO-CJC. to the Settlement Agreement, The Company agreed to issue to Integrity 750,000 shares of its common stock in exchange for 275 of the Company’s preferred shares held by Integrity and the payment of $30,000 in costs. The cash payment is to be made within in 6 months of date of the Settlement Agreement. Additionally, Integrity will be entitled to additional shares if (i) the price of the Company’s common stock is below $1.34 at either the 120 day or 240 day reset dates set forth in the Company’s Debt Restructure Agreement entered into with various debt holders on March 26, 2019 and filed on Form 8-K on April 15, 2019. Integrity will also be entitled to a “true up” should they not be able to realize $750,000 in proceeds from the sale of the common shares.
Robert Rositano, the Company’s CEO, has also personally guaranteed the Company’s compliance with the Settlement Agreement.
Item 9.01 Financial Statements and Exhibits.
Friendable, Inc. Exhibit
EX-10.1 2 exhibit_10-1.htm SETTLEMENT AGREEMENT WITH INTEGRITY MEDIA Blueprint EXHIBIT 10.1 SETTLEMENT AGREEMENT AND MUTUAL RELEASE This Settlement Agreement and Mutual Release (the “Agreement”) is made effective as of September 3,…
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EX-10.1 2 exhibit_10-1.htm SETTLEMENT AGREEMENT WITH INTEGRITY MEDIA Blueprint EXHIBIT 10.1 SETTLEMENT AGREEMENT AND MUTUAL RELEASE This Settlement Agreement and Mutual Release (the “Agreement”) is made effective as of September 3,…
To view the full exhibit click
hereAbout Friendable, Inc. (OTCMKTS:FDBL)
Friendable, Inc., formerly iHookup Social, Inc., is engaged in the development and dissemination of a proximity-based mobile social media application that facilitates connections between people, utilizing global positioning system (GPS) and localized recommendations. The Company offers Friendable, which is a location specific social platform, as well as a discovery application that facilitates communication between two or more users on a one to one meeting or group style event-based meet ups for concerts, sporting events, coffee, movies and night out, among others. Friendable bridges its mobile community of users with the meeting of new friends, building relationships and connecting them with local venues or events tied to their interests. Its application is available on the Apple iOS platform and in iTunes stores, where Friendable offers a free version and a paid version of the application. Its application is also available on the Android platform and in the Google Play Store.
