Textmunication Holdings Inc. (OTCMKTS:FSTW) Files An 8-K Entry into a Material Definitive Agreement
Item 1.01 Entry into a Material Definitive Agreement
On May 24, 2017, our company and JSJ Investments Inc. (JSJ)
entered into a Final Settlement Agreement (the Settlement
Agreement). to the Settlement Agreement, the parties agreed as
follows:
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We agreed to execute an amendment to the 12% convertible promissory note in favor of JSJ, which will allow JSJ to convert the notes outstanding balance and accrued interest of $53,280.57 into a fixed 262,500,000 shares of our common stock under conversion notices; |
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Upon receipt of the 262,500,000 shares, the parties will release each other from all claims; and |
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As security for the issuance, we agreed to execute a judgment in favor of JSJ, but it will not be entered if we comply with the terms of settlement. |
The foregoing description is intended only as a summary of the
material terms of the Settlement Agreement and is qualified in
its entirety by reference to the full Settlement Agreement, a
copy of which is attached as Exhibit 10.1 to this Form 8-K and is
hereby incorporated by reference herein.
Item 1.02 Termination of a Material Definitive
Agreement
The information provided in Item 1.01 concerning the termination
of a material definitive agreement is incorporated by reference
in this Item 1.02.
SECTION 9 FINANCIAL STATEMENTS AND EXHIBITS
Item 9.01 Financial Statements and Exhibits
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Exhibit No. |
Description |
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| 10.1 | Settlement Agreement, dated May 24, 2017 |
About Textmunication Holdings Inc. (OTCMKTS:FSTW)
Textmunication Holdings, Inc. is engaged in the provision of mobile marketing solutions, rewards and loyalty programs. The Company offers a mobile marketing platform where merchants can send customers the up-to-date offers, discounts, alerts and events schedules, such as happy hours, trivia night and other campaigns. The consumer can also access specials and promotions that merchants choose to distribute through the Company by opting keywords designated to the merchant’s keywords. This enables consumers to take their information wherever they go and learn about the latest buzz, as soon as it is available, providing the consumer with events, deals and messages on their cellphone through short messaging service. The Company offers its services to markets, including quick service restaurants; gyms, health and fitness; entertainment, including casinos, golf courses, bowling centers and comedy clubs, and retail stores, as well as bars, boutiques, dentists, salons and real estate agents. Textmunication Holdings Inc. (OTCMKTS:FSTW) Recent Trading Information
Textmunication Holdings Inc. (OTCMKTS:FSTW) closed its last trading session 00.0000 at 0.0150 with shares trading hands.