Item 1.01. Entry into a Material Definitive Agreement.
Effective
The Note matures 12 months after the date of the note on
The Warrant entitles Mast Hill to purchase up to 14,062,500 shares of
the Company's common stock at an exercise price of
The foregoing descriptions of the SPA, Note and the Warrant do not purport to be complete and are qualified in their entirety by reference to the full text of the SPA, Note and the Warrant, copies of which are filed as Exhibits 10.1, 10.2 and 10.3, respectively, to this Current Report on Form 8-K and incorporated by reference herein.
Item 2.03. Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant.
The information provided above in Item 1.01 herein is incorporated by reference into this Item 2.03.
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Item 9.01 Financial Statements and Exhibits.
Exhibit No.: Description of Exhibit 10.1* Securities Purchase Agreement datedMay 2, 2022 , between the Company andMast Hill Fund, L.P. 10.2* Promissory Note datedMay 2, 2022 ,$135,000 principal amount, issued by the Company in favor ofMast Hill Fund, L.P. 10.3* Warrant datedMay 2, 2022 , issued by the Company to Mast Hill Fund, L.P. 104 Cover Page Interactive Data File (embedded within the Inline XBRL Document). _______
* Filed herewith. 3
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