HELIX TCS, INC. (OTCMKTS:HLIX) Files An 8-K Entry into a Material Definitive Agreement
Item 1.01 Entry into a Material Definitive Agreement
On January 30, 2017 and February 13, 2017, Helix TCS, Inc. (the
Company or we)executed unsecured 8% promissory notes of the
Company with a single note holder (Holder), in the aggregate
principal amount of US$255,000.00 (together with any note(s)
issued in replacement thereof or as a dividend thereon or
otherwise with respect thereto in accordance with the terms
thereof, the Notes), upon the terms and subject to the
limitations and conditions set forth in such Notes. The form of
the Notes is attached as Exhibit 10.1.
Note No. 1
The first Note, bearing an interest rate of 8% per annum, was
entered into on January 30, 2017 for $75,000, and matures on the
earlier of June 30, 2017 or the date of the future capital
contribution referenced in the Form of Unsecured Promissory Note
attached as Exhibit 10.1. The Note was funded and the Company
received $75,000 on January 30, 2017. The Company may prepay the
Note in whole or in part at any time without penalty or premium
by paying the principal amount to be prepaid together with
accrued interest thereon to the date of prepayment.
Note No. 2
The second Note, bearing an interest rate of 8% per annum, was
entered into on February 13, 2017 for $180,000, and matures on
the earlier of June 30, 2017 or the date of the future capital
contribution referenced in the Form of Unsecured Promissory Note
attached as Exhibit 10.1. The Note was funded and the Company
received $180,000 on February 13, 2017. The Company may prepay
the Note in whole or in part at any time without penalty or
premium by paying the principal amount to be prepaid together
with accrued interest thereon to the date of prepayment.
SECTION 2 – FINANCIAL INFORMATION
Item 2.03 Creation of Direct Financial Obligation or an
Obligation under an Off-Balance Sheet Arrangement of a
Registrant
See the disclosures under Item 1.01 of this Current Report on
Form 8-K.
SECTION 9 – FINANCIAL STATEMENTS AND EXHIBITS
Item9.01 Exhibits.
The following exhibits are filed with this report on Form 8-K.
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Exhibit Number |
Exhibit |
|
|
10.1 |
Form of Unsecured Promissory Note |
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About HELIX TCS, INC. (OTCMKTS:HLIX)
Helix TCS, Inc. is a provider of integrated operating environment solutions for the legal cannabis industry. The Company provides security, compliance, and technology services to the legal cannabis industry. Its technology service offers clients a technology platform, allowing clients to manage inventory and supply costs through Cannabase, as well as bespoke monitoring and transport solutions. It focuses on utilizing technology as an operations multiplier, bringing in and managing a range of partnerships across the technology spectrum to give desired outcomes for its clients. The Company develops a range of compliance services to firms in the cannabis industry. It safeguards the clients’ ability to operate while increasing their access to services. The Company delivers a range of security operations, such as transport, armed and unarmed guarding, training, investigation and special services. Its include Cannabase, BOSS Security Solutions, Helix TCS LLC and Security Consultants LLC. HELIX TCS, INC. (OTCMKTS:HLIX) Recent Trading Information
HELIX TCS, INC. (OTCMKTS:HLIX) closed its last trading session down -0.55 at 3.65 with 8,850 shares trading hands.