Sport Endurance, Inc. (OTCMKTS:SENZ) Files An 8-K Entry into a Material Definitive AgreementItem 1.01 Entry into a Material Definitive Agreement
Sport Endurance, Inc. (OTCMKTS:SENZ) Files An 8-K Entry into a Material Definitive Agreement
On January 4, 2017, Sport Endurance, Inc. (the “Company”) entered into a Forbearance Agreement (the “Agreement”) with a certain holder of $103,213 of the Company’s 10% Secured Convertible Promissory Notes (the “Note”) named therein (the “Lender”), to which the Company and the Lender agreed that, (i) the Company would pay $50,000 toward the sums due under the Note, (ii) a penalty of $7,500 would be applied to the sum of the Note, and (iii) the due date of the Note would be extended to February 15, 2017. Additionally, if the Company does not pay the Note in full, including interest and penalties, by the due date, the $50,000 shall be added to the principal of the Note.
The foregoing descriptions of the Agreement do not purport to be complete and are qualified in their entirety by the terms and conditions of the Agreement. A copy of the form of Agreement is attached hereto as Exhibit 10.1, and is incorporated herein by reference.
Item 9.01 Financial Statements and Exhibits.
(d) Exhibits.
Exhibit No. Exhibit
10.1 Form of Forbearance Agreement
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 00.00 at 1.97 with 283 shares trading hands.
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 00.00 at 1.97 with 283 shares trading hands.