CANNASYS, INC. (OTCMKTS:MJTK) Files An 8-K Entry into a Material Definitive Agreement
ITEM 1.01ENTRY INTO A MATERIAL DEFINITIVE AGREEMENT
Purchase Agreement with Auctus Fund, LLC, a Delaware limited
liability company (“Auctus”), and executed a 12% Convertible
Promissory Note, in the principal amount of $35,750. On December
9, 2016, Auctus funded the note for $30,000, less $5,750 in due
diligence costs and attorney fees, which was retained by Auctus.
Note were issued in reliance on the exemption from registration
provided in Section 4(a)(2) of the Securities Act of 1933, as
amended, for transactions not involving any public offering.
Auctus is an “accredited investor” as defined in Rule 501(a) of
Regulation D and confirmed the foregoing and acknowledged, in
writing, that the securities were acquired and will be held for
investment. No underwriter participated in the offer and sale of
these securities, and no commission or other remuneration was
paid or given directly or indirectly in connection therewith.
Inc., entered into Amendment No. 1 to Equity Purchase Agreement
to extend the Commitment Period to December 31, 2017, for the
Equity Purchase Agreement dated December 15, 2015.
OBLIGATION UNDER AN OFF-BALANCE SHEET ARRANGEMENT OF A REGISTRANT
reference in this Item 2.03.
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Exhibit Number*
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Title of Document
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Location
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Item 10
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Miscellaneous
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10.65
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Securities Purchase Agreement between CannaSys, Inc., and
Auctus Fund, LLC, dated December 7, 2016 |
Attached
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10.66
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CannaSys, Inc. 12% Convertible Redeemable Note Due December
7, 2017 |
Attached
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10.67
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Amendment No. 1 to Equity Purchase Agreement between
CannaSys, Inc. and Kodiak Capital Group, LLC dated December 15, 2016 |
Attached
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All exhibits are numbered with the number preceding the decimal indicating the applicable SEC reference number in Item 601 and the number following the decimal indicating the sequence of the particular document. Omitted numbers in the sequence refer to documents previously filed as an exhibit. |
About CANNASYS, INC. (OTCMKTS:MJTK)
CannaSys, Inc., formerly Thermal Tennis Inc., is a technology company. The Company provides technology services in the ancillary space of the cannabis industry. The Company creates, develops and commercializes solutions to solve customer service and provider problems; creates producer and retailer opportunities, and streamlines the connections among the producer, seller and consumer/patient segments for the medical and recreational cannabis community. Its products serve both medical and recreational growers, dispensers and customers. Its products include BumpUp Rewards, BumpUp Rewards White-Label Applications, CannaLIMS and MHB, Inc. Branded Products. Its BumpUp Rewards is an affiliate-based membership rewards loyalty program designed for the cannabis industry. CannaLIMS is a laboratory management information system product focused on the cannabis marketplace. It has interest in MHB, Inc., doing business as Mile High Brands. CANNASYS, INC. (OTCMKTS:MJTK) Recent Trading Information
CANNASYS, INC. (OTCMKTS:MJTK) closed its last trading session down -0.00030 at 0.00180 with shares trading hands.
