TERRA TECH CORP. (OTCMKTS:TRTC) Files An 8-K Entry into a Material Definitive AgreementItem 1.01 Entry into a Material Definitive Agreement.
On April 30, 2018, MediFarm III, LLC (“MediFarm III”), a wholly-owned subsidiary of Terra Tech Corp. (the “Company”) entered into amendments (collectively, the “Amendments”) to each of the Convertible Promissory Note issued by NuLeaf Sparks Cultivation, LLC (“NuLeaf Sparks”) to MediFarm III on October 30, 2017 (the “NuLeaf Sparks Note”) and the Convertible Promissory Note issued by NuLeaf Reno Production, LLC (“NuLeaf Reno”) to MediFarm III on October 30, 2017 (the “NuLeaf Reno Note” and collectively with the NuLeaf Sparks Note, the “Notes”). Each Amendment amends the respective Note such that if either NuLeaf Sparks or NuLeaf Reno does not receive approval from the State of Nevada for such Note to convert into 50% of the membership interests of NuLeaf Sparks or NuLeaf Reno, as applicable, by August 1, 2018, the applicable Note will become due and payable in equal quarterly installments of principal and interest beginning on November 1, 2018. Except as set forth above, the Notes were not otherwise amended.
The foregoing descriptions of the Amendments are qualified in their entirety by reference to the full text of such documents, copies of which are filed as Exhibits 4.1 and 4.2 to this Current Report on Form 8-K and which are incorporated by reference herein in their entirety.
Item 9.01 Financial Statements and Exhibits.
(d) Exhibits.
Terra Tech Corp. ExhibitEX-4.1 2 trtc_ex41.htm AMENDMENT NO. 1 TO CONVERTIBLE PROMISSORY NOTE trtc_ex41.htmEXHIBIT 4.1 AMENDMENT NO. 1 TO CONVERTIBLE PROMISSORY NOTE This Amendment No. 1 (this “Amendment”),…To view the full exhibit click here
About TERRA TECH CORP. (OTCMKTS:TRTC)
Terra Tech Corp. is a cannabis-focused agriculture company. The Company operates through two segments: Hydroponic Produce and Cannabis Products. The Company, through its subsidiary, GrowOp Technology Ltd., is engaged in the design, marketing and sale of hydroponic equipment. It is also a retail seller of locally grown hydroponic produce, herbs, and floral products through its subsidiary, Edible Garden Corp. (Edible Garden). It intends to operate medical marijuana cultivation, production and dispensary facilities in Nevada through its subsidiaries, MediFarm, LLC (MediFarm), MediFarm I, LLC (MediFarm I) and MediFarm II, LLC (MediFarm II). Through its subsidiary, IVXX, Inc. (IVXX), it produces and sells a line of cannabis flowers and cigarettes, among others. The hydroponic produce segment consists of Edible Garden’s business and operations. Its cannabis products segment consists of IVXX’s business, as well as the proposed business operations of MediFarm, MediFarm I and MediFarm II.