Sport Endurance, Inc. (OTCMKTS:SENZ) Files An 8-K Entry into a Material Definitive Agreement
Item 1.01 Entry into a Material Definitive Agreement
into Forbearance Agreements with two holders (the Lenders) of
the Companys 10% Senior Secured Convertible Promissory Notes
(the Notes), to which the Company and the Lenders agreed to
extend the due date of the Notes to May 1, 2017, in exchange
for payments by the Company to the Lenders in a total amount of
$45,000.
of a loan made to the Company by David Lelong, the Companys
Chief Executive Officer. This loan bears 2% annual interest and
is payable upon demand.
$11,000 under the terms described above to be used for the
Companys working capital needs.
Obligation under an Off-Balance Sheet Arrangement of a
Registrant.
Lelong is incorporated by reference from Item 1.01, above.
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Exhibit No.
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Exhibit
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10.1
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Form of Forbearance Agreement
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10.2
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Promissory Note issued April 21, 2017
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About Sport Endurance, Inc. (OTCMKTS:SENZ)
Sport Endurance, Inc. focuses on marketing and distributing dietary supplements throughout the United States. The Company is marketing for sale the products in the areas of Total Wellness, Performance and Recovery. The Company’s products include Ultra Peak T, Sports Leg & Lung Formula, and Pain-Freeze Recovery Gel. The Company is focused on direct marketing efforts through online and direct mail channels. Sport Endurance, Inc. (OTCMKTS:SENZ) Recent Trading Information
Sport Endurance, Inc. (OTCMKTS:SENZ) closed its last trading session down -0.075 at 0.675 with 2,255 shares trading hands.