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QUINT MEDIA INC. FILES (8-K) Disclosing Entry into a Material Definitive Agreement, Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant, Financial Statements and Exhibits

February 18, 2014



Item 1.01 Entry into a Material Definitive Agreement

The information required by this item is covered by Item 2.03 of this current report on Form 8-K.

Item 2.03 Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant

On February 13, 2014, we accepted a subscription from one non-US investor and issued a promissory note in the amount of $50,000. The promissory note is payable in full at maturity on February 28, 2015, and the principal amount or such portion thereof as shall remain outstanding from time to time accrues simple interest, calculated monthly, at a rate of 7% per annum commencing on the date of the promissory note.

We issued the promissory note to one non-US person (as that term is defined in Regulation S of the Securities Act of 1933, as amended) in an offshore transaction in which we relied on the exemptions from the registration requirements provided for in Regulation S and/or Section 4(a)(2) of the Securities Act of 1933, as amended.

Item 9.01 Financial Statements and Exhibits. (d) Exhibits. 10.1 Form of subscription agreement with promissory note attached



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Source: Edgar Glimpses


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