8-K: Current report filing
Published on May 2, 2016
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
Date of Report: April 29, 2016
VISUALANT, INCORPORATED
(Exact name of Registrant as specified in its charter)
Nevada |
0-25541 |
90-0273142 |
(State or jurisdiction of incorporation) |
(Commission File No.) |
(IRS Employer Identification No.) |
500 Union Street, Suite 420
Seattle, Washington 98101
(206) 903-1351
(Address of Registrant’s principal executive office and telephone number)
Section 1 - Registrant’s Business and Operations
Item 1.01. Entry into a Material Definitive Agreement.
On April 29, 2016, Visualant, Inc. (the “Company”) entered into amendments to two demand promissory notes, totaling $600,000, and a note payable for $200,000 related to the Umpqua Bank Business Loan Agreement with Mr. Erickson, our Chief Executive Officer and/or entities in which Mr. Erickson has a beneficial interest. The amendments extend the due date from March 31, 2016 to June 30, 2016 and continue to provide for interest of 3% per annum and a second lien on company assets if not repaid by June 30, 2016 or converted into convertible debentures or equity on terms acceptable to the Holder.
The foregoing description of the Amendment 6 to Demand Promissory Note, Amendment 7 to Demand Promissory Note and Amendment 8 to Demand Promissory Note is qualified in its entirety by reference to the Amendments attached to this Current Report on Form 8-K as Exhibits 10.1, 10.2 and 10.3 are incorporated by reference into this 1.01.
Item 9.01 Financial Statements and Exhibits.
(d) Exhibits –
Exhibit No. |
Description |
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Amendment 6 to Demand Promissory Note dated April 29, 2016 by and between Visualant, Inc. and J3E2A2Z LP. |
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Amendment 7 to Demand Promissory Note dated April 29, 2016 by and between Visualant, Inc. and J3E2A2Z LP. |
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Amendment 8 to Demand Promissory Note dated April 29, 2016 by and between Visualant, Inc. and J3E2A2Z LP. |
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
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Registrant: VISUALANT, INCORPORATED |
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By: |
/s/ Mark Scott |
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Mark Scott, CFO |
April 29, 2016
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