Integral Technologies, Inc. (OTCMKTS:ITKG) Files An 8-K Entry into a Material Definitive AgreementItem 1.01 of this Current Report are incorporated herein by reference. The common stock, warrants and notes were issued solely to “accredited investors” in reliance on the exemption from registration afforded by Rule 506 of Regulation D and Section 4(a)(2) of the Securities Act of 1933, as amended (the “Securities Act”).
Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
On February 10, 2017, the Company appointed Eli Dusenbury to serve as its Chief Financial Officer. Mr. Dusenbury previously served as the company’s controller from May 2015. He has served as a manager at Anton & Chia LLP since November 2014 and as a senior accountant at Smythe Ratcliffe LLP from May 2009 through October 2014.
The Company’s former Chief Financial Officer, W. Bartlett Snell, resigned on February 10, 2017. Mr. Snell's resignation is not in connection with any disagreement or dispute with the Company. The Company has agreed with Mr. Snell to issue him 36,000 shares of common stock and settle all unpaid fees from July 1, 2016 to February 10, 2017 and is currently in the process of negotiating a compensation settlement agreement.
Item 9.01 Financial Statements and Exhibits.
(d)Exhibits
|
Exhibit Number |
Description |
|
10.1 |
Form of Subscription Agreement |
| 10.2 | Form of Warrant |
|
10.3 |
Securities Purchase Agreement dated September 2, 2016 |
|
10.4 |
Note Issued September 2, 2016 |
|
10.5 |
Amendment No. 1 to Securities Purchase Agreement |
|
10.6 |
Amendment No. 2 to Securities Purchase Agreement |
|
10.7 |
Form of Securities Purchase Agreement |
| 10.8 | Form of Note |
| 10.9 | Settlement Agreement dated March 31, 2017 |
| 10.10 | Note Issued May 17, 2017 |
INTEGRAL TECHNOLOGIES INC ExhibitEX-10.1 2 ex10-1.htm EXHIBIT 10.1 ex10-1.htm Exhibit 10.1 SUBSCRIPTION AGREEMENT SUBSCRIPTION AGREEMENT (this “Agreement”) made as of the last date set forth on the signature page hereof between Integral Technologies,…To view the full exhibit click here
About Integral Technologies, Inc. (OTCMKTS:ITKG)
Integral Technologies, Inc. is engaged in the business of researching, developing and commercializing new electrically conductive resin-based materials called ElectriPlast. The Company is focused on devoting all of its resources to the research, development and commercialization of its ElectriPlast with Flexible Content Technology. The ElectriPlast technology possesses a multitude of applications in industries, such as auto industry, the aerospace, consumer electronics, and commercial aviation. It is focused on business development and marketing efforts on securing licensing and/or joint development agreements in areas for which it holds patents covering specific materials, components, parts, applications or end-products incorporating conductive resins and ElectriPlast technology. It collaborates with suppliers, vendors, original equipment manufacturers (OEMs) and manufacturers of products who would benefit from the incorporation of any of the ElectriPlast applications.
