SHARING SERVICES, INC. (OTCMKTS:SHRV) Files An 8-K Entry into a Material Definitive AgreementItem 1.01 Termination of a Material Definitive Agreement.
On December 28, 2017, Sharing Services, Inc. (the “Company”) prepaid, in full, the convertible promissory note dated June 20, 2017 in the principal amount of Thirty-Eight Thousand dollars ($38,000.00) (the “Note”) plus accrued interest and a prepayment penalty, for a total payment of $54,420.16. As a result of this payment, the Company has fully satisfied its obligations under the Note and the holder of the Note, Power Up Lending Group, Ltd., is no longer entitled to exercise its conversion rights under the Note. The Note and associated documents were originally disclosed in the Company’s Current Report on Form 8-K dated June 20, 2017, which was filed with the Securities and Exchange Commission on June 22, 2017.
Item 9.01 Financial Statements and Exhibits.
(d)Exhibits
None
About SHARING SERVICES, INC. (OTCMKTS:SHRV)
Sharing Services Inc, located in Khon Kaen, Thailand, is focused to market and sell the company’s taxi sharing service via a developed website. The company was incorporated on April 24, 2015.