NABUFIT GLOBAL, INC. (OTCMKTS:NBFT) Files An 8-K Entry into a Material Definitive Agreement
Item 1.01 Entry into a Material Definitive Agreement.
Debt Financing
Effective May 18, 2017, NABUfit Global, Inc. (the Company)
entered into a Securities Purchase Agreement dated May 9, 2017
(Purchase Agreement) with PowerUp Lending Group LTD (PowerUp). In
conjunction with the Purchase Agreement, the Company has signed a
Convertible Promissory Note for $58,000 (the Note). The Note
contains an interest rate of nine percent per annum and has a
maturity date of February 9, 2018. The amounts due under the Note
are convertible at any time after 180 days but prior to the
Maturity Date at a rate of 65% of the market price.
A form of the Purchase Agreement and Note are filed as Exhibits
10.1 and 10.2 to this Current Report on Form 8-K.
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Item 3.02 |
Unregistered Sales of Equity Securities. |
The information regarding the Subscription Agreement and the
purchase of the Shares set forth in Item 1.01 is incorporated by
reference into this Item 3.02.
Item 8.01 Other Events.
On May 24, 2017, the Company issued a press release announcing
the debt financing with PowerUp. A copy of the press release is
attached hereto as Exhibit 99.1 and is incorporated herein by
reference.
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Item 9.01 |
Financial Statements and Exhibits. |
Exhibits. The following exhibits are being filed herewith:
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Exhibit Number |
Description of Exhibits |
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10.1 |
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Securities Purchase Agreement. |
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10.2 |
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Convertible Promissory Note. |
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99.1 |
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Press Release issued May 24, 2017 |
About NABUFIT GLOBAL, INC. (OTCMKTS:NBFT)
NABUfit Global, Inc., formerly CryptoSign, Inc., manufactures and markets the NABUfit virtual training and fitness products and services, an online fitness portal (NABUfit or, the Product) with the option of connecting existing and future monitoring devices to the Product. The Product incorporates interaction and input through Microsoft Kinect and other technologies and the option for personal data collection, coaching and teaching through mentor services. Customers obtain access to the Product through the purchase of monthly or annual memberships and the downloading of the software or mobile device application. The Product provides custom designed training plans, diet plans and access to mentors and coaching. Through Microsoft Kinect, the NABUfit technology collects data and measures each exercise relatively to a set standard and past performances. The portal also offers a social forum for its users, where users can interact with like-minded members and train with them virtually. NABUFIT GLOBAL, INC. (OTCMKTS:NBFT) Recent Trading Information
NABUFIT GLOBAL, INC. (OTCMKTS:NBFT) closed its last trading session 00.000 at 0.170 with 10,860 shares trading hands.