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 February 13, 2017, Helix TCS, Inc. (the Company or we)executed
a secured 10% convertible promissory note of the Company with a
single note holder (Holder), in the principal amount of
US$183,333.33 (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 Note is attached as Exhibit
10.1.

The Note, bearing a guaranteed interest rate of 10%, was entered
into on February 13, 2017 for $183,333.33, and matures on
September 12, 2017. The Note was funded and the Company received
$166,666.66 on February 17, 2017 (the Effective Date), with the
remaining $16,666.67 being retained by the Holder. The Note
additionally bears the lower of a 20% per annum, or the highest
rate permitted by law, in the Event of Default. The Company may
prepay the Note in whole or in part at any time, up to 180 days
after the Effective Date, by paying the principal amount to be
prepaid together with premium interest thereon to the date of
prepayment. After 180 days from the Effective Date, the consent
of Holder is required to prepay any amount.

The Holder has the right, at the Holders sole option, at any time
to convert in whole or in part the outstanding and unpaid
Principal Amount under this Note into shares of Common Stock of
the Company at $1.50 per share.

The Company agreed to issue 25,000 warrants to purchase one share
of Common Stock each, exercisable at $1.00 per share. The
warrants will expire after 5 years.

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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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 up +0.63 at 4.88 with 2,619 shares trading hands.