Fuse Enterprises Inc. (OTCBB:FSNT) Files An 8-K Entry into a Material Definitive Agreement
Item 1.01 Entry into a Definitive Material Agreement.
into an Amended and Restated Promissory Note Purchase Agreement
(the Amended Agreement) with Landbond Home Limited, a corporation
organized under the laws of Samoa (the Purchaser), and Fuse
Trading Limited, an indirect wholly-owned subsidiary of the
Company organized under the laws of Hong Kong (Fuse Trading). The
Amended Agreement amends and restates the Convertible Note
Purchase Agreement, dated December 19, 2016, by and between the
Company and the Purchaser (the Original Agreement). The Purchaser
holds 60.9% of the issued and outstanding shares of the Companys
common stock, and the execution of the Amended Agreement and New
Note (as defined below) constitutes a related-party transaction
under Item 404(a) of Regulation S-K.
Convertible Promissory Note issued under the Original Agreement
(the Original Note) was cancelled and Fuse Trading issued a
Promissory Note (the New Note) to the Purchaser in the principal
amount of the Original Note, $6,869,817.60, with a term of twelve
(12) months, renewable for up to an additional twelve (12) months
at the Purchasers option, and at an interest rate of 3.0% per
annum. The principal amount of the New Note and any unpaid
interest accrued thereon may become due and payable immediately
upon the occurrence of certain events of default, including but
not limited to Fuse Tradings insolvency or the institution of
bankruptcy proceedings against Fuse Trading.
does not purport to be complete and is qualified in its entirety
by reference to the complete text of each such document, a copy
of which is filed as an exhibit hereto and is incorporated herein
by reference.
Obligation Under an Off-Balance Sheet Arrangement of a
Registrant.
| 10.1 |
Amended and Restated Promissory Note Purchase Agreement,
dated March 20, 2017, by and among Fuse Enterprises Inc., Fuse Trading Limited and Landbond Home Limited. |
| 10.2 |
Promissory Note, dated March 20, 2017, by and between
Fuse Trading Limited and Landbond Home Limited. |
About Fuse Enterprises Inc. (OTCBB:FSNT)
Fuse Enterprises Inc. is a digital marketing company. The Company offers marketing solutions to small and medium size businesses. The Company’s services include Marketing, Strategy, Social Media Services and Website Design. The Company’s marketing services include Search Engine Optimization (SEO), Pay-Per-Click (PPC) management, affiliate marketing, content creation and marketing, e-mail marketing, Conversion Rate Optimization (CRO) and social media marketing. Its marketing strategy planning services include digital review, research and analysis, and campaign planning. The Company’s social media services include strategy development, research and auditing, social media guidelines, social asset creation, brand monitoring, social advertising, responsive support and reporting and analysis. The Company offers Website design services for Websites targeted at traditional desktop and laptop users, as well as sites optimized for consumption on mobile devices. Fuse Enterprises Inc. (OTCBB:FSNT) Recent Trading Information
Fuse Enterprises Inc. (OTCBB:FSNT) closed its last trading session 00.00 at 5.00 with 100 shares trading hands.