Item 1.01 Entry into a Material Definitive Agreement.
On October 7, 2022, our wholly-owned subsidiary, BergaMet NA, LLC entered into a
Loan Agreement with Amazon Capital Services, Inc. to borrow $200,000. The loan
bear interest at an annual rate of 12.99% and is secured by our inventory and
account at Amazon, as well as our other assets. For the first 3 months, payments
are interest only at $2,165.00 per month, and for months 4 through 12, payments
are principal and interest at $23,442.27 per month. The proceeds from the loan
will support our selling efforts on Amazon's website.
Item 9.01 Financial Statements and Exhibits.
(d)Exhibits
Exhibit No. Name and/or Identification of Exhibit
Loan Agreement with Amazon Capital Services, Inc. entered into on
10.1 October 7, 2022
--------------------------------------------------------------------------------
2
--------------------------------------------------------------------------------
© Edgar Online, source Glimpses