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  4. Rocky Mountain High Brands, Inc. (RMHB) Message Board

"On June 29, 2018, we lent the sum of $80,000 to B

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Post# of 75353
(Total Views: 628)
Posted On: 07/02/2018 11:11:56 PM
Posted By: j75204
Re: Sam365 #45083
"On June 29, 2018, we lent the sum of $80,000 to BFIT Brands, LLC (“BFIT”) under a Secured Promissory Note and Exclusive Option Agreement (the “Note”). BFIT markets and distributes FitWhey, a water-based protein drink combined with caffeine and a vitamin B pack. The Note bears interest at a rate of 8% per year and is due in full on or before March 29, 2019. BFIT’s obligations under the Note are secured by a lien on all of BFIT’s inventory and all proceeds thereof. Under the Note, BFIT granted us the exclusive option to purchase all assets of the company at any time during the next three months. In the event that we exercise the option and elect to acquire all of BFIT’s assets, the purchase price will be $230,000..."


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