ENVISION SOLAR INTERNATIONAL, INC. (OTCMKTS:EVSI) Files An 8-K Entry into a Material Definitive AgreementItem 1.01 Entry into a Material Definitive Agreement.
On June 13, 2018, Envision Solar International, Inc., a Nevada corporation (the “Company”), entered into an amendment to an outstanding convertible promissory note (the “Note”), payable to Pegasus Enterprises, L.P., a California limited partnership, Mark Mandell and William Griffith, as tenants-in-common (collectively, “Pegasus”), our former landlord, with an outstanding balance of approximately $182,658. The Note payable to Pegasus had a maturity date of December 31, 2016. The Note was amended as follows: (i) the maturity date was extended to December 31, 2019, and (ii) Pegasus agreed to a lock-up covenant covering any shares that may be issued to the Note holder upon a conversion, if any, of all or any portion of the outstanding balance of the Note, or any other shares of our common stock or securities convertible into common stock, whereby Pegasus agreed not to sell, contract for sale, pledge or otherwise dispose of any such shares or securities until December 31, 2019. A copy of the Amendment to the Note is attached to this Report as Exhibit 10.1.
SECTION 9. FINANCIAL STATEMENTS, PRO FORMA FINANCIALS & EXHIBITS
Item 9.01 Financial Statements and Exhibits.
(d)Exhibits
| 10.1 | Amendment to Convertible Promissory Note payable by Envision Solar International, Inc. to Pegasus Enterprises, L.P., a California limited partnership, Mark Mandell and William Griffith, tenants-in-common, dated June 13, 2018. |
Envision Solar International, Inc. ExhibitEX-10.1 2 envision_ex1001.htm AMENDMENT TO CONVERTIBLE PROM NOTE Exhibit 10.1 AMENDMENT TO 10% SUBORDINATED CONVERTIBLE PROMISSORY NOTE ENVISION SOLAR INTERNATIONAL,…To view the full exhibit click here
About ENVISION SOLAR INTERNATIONAL, INC. (OTCMKTS:EVSI)
Envision Solar International, Inc. (Envision) invents, designs and manufactures solar products and technology solutions focusing on various verticals, such as electric vehicle charging infrastructure; out of home advertising infrastructure, and energy security and disaster preparedness. The Company focuses on creating renewable energized powered platforms for electric vehicle (EV) charging, media and branding, and energy security. The Company’s product lines include the Electric Vehicle Autonomous Renewable Charger product (EV ARC) and the Solar Tree product. Its list of products includes EV ARC Electric Vehicle Charger; EV ARC Digital Electric Vehicle Charger with Digital Advertising Screen; EV ARC Motorcycle Charger; EV ARC Bicycle Charger; The Solar Tree DCFC product, equipped with a large array and on-board battery storage for direct current (DC) fast charging and energy security, and The Branded Solar Tree (HVBA) products, which include customized branding, finishes and signage.
