BINGHAM CANYON CORPORATION (OTCMKTS:BGHM) Files An 8-K Entry into a Material Definitive AgreementItem 1.01 Entry into a Material Definitive Agreement.
Effective September 27, 2017, the Registrant’s entered into a $275,000 consolidated promissory note (the “Note”) with Francis J. Read (“Read”).
The Note bears interest at 7.5% per annum and is due and payable on or before October 1, 2018. Interest is payable quarterly or at the end of the loan term at the discretion of the Registrant.
The Note is collateralized by Paradigm Convergence Technologies Corp.’s, the wholly-owned operating subsidiary of the Registrant, US Patent No. 9,679,170 B2 (Material Tracking System).
The foregoing description of the Note does not purport to be complete and is qualified in its entirety by reference to the Note, a copy of which is attached to this report as Exhibit 10.1.
Item 2.03 Completion of Acquisition or Disposition of Assets.
Effective September 1, 2017, the Registrant entered into the Note as set forth in Item 1.01 above.
Item 9.01 Financial Statements and Exhibits.
(d)Exhibits.
| Exhibit Number | Description | |
| 10.1 | Read Consolidated Promissory Note dated September 27, 2017 |
BINGHAM CANYON CORP ExhibitEX-10.1 2 bghm1004form8kexh10_1.htm EXHIBIT 10.1 Exhibit 10.1 CONSOLIDATED PROMISSORY NOTE By and Between Bingham Canyon Corporation and Francis J. Read BORROWER: Bingham Canyon Corporation 4235 Commerce Street Little River,…To view the full exhibit click here
About BINGHAM CANYON CORPORATION (OTCMKTS:BGHM)
Bingham Canyon Corporation is a shell company. The Company intends to seek, investigate, and, if warranted, acquire an interest in a business opportunity. The Company’s acquisition of a business opportunity may be made by merger, exchange of stock, or otherwise. The Company does not have any operations. The Company has not generated any revenues.
