Item 1.01 Entry Into Material Definitive Agreement.
The Note matures one year after its initial issuance date and has an interest rate of 8% per annum. The Note may be converted at the election of Koukis at a conversion price equal to
The Warrants expire five years after their initial issuance date and may be exercised for a purchase price equal to
The Note and Warrants were offered and sold to Koukis in a private placement transaction made in reliance upon the exemptions from registration afforded by Section 4(a)(2) of the Securities Act of 1933, as amended.
The foregoing information is a summary of the Note and Warrants issued to Koukis, is not complete, and is qualified in its entirety by reference to the full text of the Note and Warrants, forms of which are attached as an exhibit to this Current Report on Form 8-K. Readers should review the forms of the Note and Warrants for a complete understanding of the terms and conditions associated with those transactions.
The information contained in Item 1.01 is hereby incorporated herein by reference.
Item 9.01 Financial Statements and Exhibits.
(d) Exhibits Exhibit Number Description 4.1 Form of 8% Unsecured Convertible Promissory Note between
eFleets Corporationand Koukis Holdings SA. 10.1 Form of Warrant Certificate issued to Koukis Holdings, SAby eFleets Corporation