On December 6, 2016, Nuvel Holdings, Inc. (the “Company”), entered into a Lender Agreement (the “Agreement”) with Richard Bernstein (“Bernstein”). to the terms of the Agreement, Bernstein loaned the Company the principal amount of $325,000 (the “Loan”). The Loan has a maturity date of January 31, 2017, bears interest at a rate of 20 basis points per day, and provides for a minimum interest amount of $11,700. The Loan is secured by an assignment of certain Company accounts receivable.

Item 2.03 Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant

The information included in Item 1.01 above is incorporated by reference into this Item 2.03.