XSUNX, INC. (OTCMKTS:XSNX) Files An 8-K Entry into a Material Definitive AgreementItem 1.01 Entry into a Material Definitive Agreement
On January 24, 2018, the holder of convertible 10% promissory note originally issued November 20, 2014 converted accrued principal and interest in the amount of $9,904 into 49,519,014 shares of the Company’s common stock.Thesecurities above were offered and sold to an exemption from the registration requirements under Section 4(a) 2 of the Securities Act since, among other things, the transactions did not involve a public offering.
SECTION 9 – FINANCIAL STATEMENTS AND EXHIBITS
Item 1.01 Financial Statements and Exhibits.
(d) Exhibits. The following exhibits are filed herewith.
XSUNX INC ExhibitEX-10.1 2 ex10-1.htm EX-10.1 Exhibit 10.1 NEITHER THE ISSUANCE AND SALE OF THE SECURITIES REPRESENTED BY THIS CERTIFICATE NOR THE SECURITIES INTO WHICH THESE SECURITIES ARE CONVERTIBLE HAVE BEEN REGISTERED UNDER THE SECURITIES ACT OF 1933,…To view the full exhibit click here
About XSUNX, INC. (OTCMKTS:XSNX)
XsunX, Inc., formerly Sun River Mining Inc., is a development-stage company. The Company is a solar and energy saving technologies provider. The Company is involved in the sale, design and installation of solar photovoltaic power generation, and energy saving technologies. The Company’s technology, CIGSolar, focuses on the mass production of individual thin-film Copper Indium Gallium (di) Selenide (CIGS) solar cells. It installs solar panels each year offering residential and commercial clients solar roof-top and carport system design and installation, battery back-up, light emitting diode lighting upgrades, and technologies for consumption tracking and control. It purchases components, such as solar panels, inverters and solar module mounting hardware directly from manufacturers and supply houses. The Company provides its customers with facility wide monitoring of both solar energy generation and facility wide energy consumption.