SPENDSMART NETWORKS, INC. (OTCMKTS:SSPC) Files An 8-K Entry into a Material Definitive Agreement
Item 1.01
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Entry into a Material Definitive Agreement
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Convertible Promissory Note with a principal amount of $275,000
as follows: the maturity date was extended to July 7, 2017 and in
the event the borrower completes an asset sale or capital raise
of more than $275,000, then the Notes shall automatically
immediately become due and payable.
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Item2.03
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Creation of a Direct Financial Obligation or an
Obligation under an Off-Balance Sheet Arrangement of a Registrant |
respect to the obligation of the Company to the Note.
About SPENDSMART NETWORKS, INC. (OTCMKTS:SSPC)
SpendSmart Networks, Inc. (SpendSmart) is a full-service mobile and loyalty marketing agency that offers a means for small and large business owners to connect with their consumers and generate sales. The Company provides loyalty systems, and digital engagement and marketing services through its Mobile and Loyalty Marketing programs and Website building software. Its business involves over two licenses, which include, among other things, a software as a service (SaaS) system, marketing and sales training materials, and mobile-responsive Website building software. It operates under the name SMS Masterminds. It provides training materials, best practice guides and other resources to its licensees. The licensees also utilize loyalty kiosks provided to their merchants. The loyalty kiosks are tablet devices set up in physical retail locations where consumers can enter their mobile phone number to opt-in to receive notifications from the merchant. SPENDSMART NETWORKS, INC. (OTCMKTS:SSPC) Recent Trading Information
SPENDSMART NETWORKS, INC. (OTCMKTS:SSPC) closed its last trading session down -0.0028 at 0.0117 with 34,999 shares trading hands.