$MCOA Item 1.01 Entry into a Material Definitive
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Posted On: 12/27/2018 10:03:00 AM
$MCOA Item 1.01 Entry into a Material Definitive Agreement.
(a)(1) Marijuana Company of America, Inc. (the “Registrant”), entered into a material definitive agreement not made in the ordinary course of its business on December 20, 2018. The parties to the agreement are the Registrant and K&J Funds, LLC (“K&J”). No material relationship exists between the Registrant or K&J.
(a)(2) Pursuant to an Investment Agreement between the Registrant and K&J, K&J agreed to invest up to ten million dollars ($10,000,000) to purchase the Registrant’s Common Stock, par value $0.001 per share, based upon an exemption from registration provided under Section 4(a)(2) of the 1933 Securities Act, and Section 506 of Regulation D promulgated thereunder. Coincidentally, the Registrant and K&J entered into a Registration Rights Agreement, as an inducement to K&J to execute and deliver the Investment Agreement, whereby the Registrant agreed to provide certain registration rights under the Securities Act of 1933, as amended, and the rules and regulations thereunder, and applicable state securities laws, with respect to the shares of Common Stock issuable for K&J”s investment pursuant to the Investment Agreement. The Investment Agreement terminates thirty-six (36) months after the Effective Date, or when K&J has purchased an aggregate of ten million dollars ($10,000,000) in the Registrant’s Common Stock, or at such time that the Registration Statement agreed to in the Registration Rights Agreement is no longer in effect, or upon the election of the Registrant, providing written notice to K&J.
https://www.marketwatch.com/investing/Stock/m...p;type=311
(a)(1) Marijuana Company of America, Inc. (the “Registrant”), entered into a material definitive agreement not made in the ordinary course of its business on December 20, 2018. The parties to the agreement are the Registrant and K&J Funds, LLC (“K&J”). No material relationship exists between the Registrant or K&J.
(a)(2) Pursuant to an Investment Agreement between the Registrant and K&J, K&J agreed to invest up to ten million dollars ($10,000,000) to purchase the Registrant’s Common Stock, par value $0.001 per share, based upon an exemption from registration provided under Section 4(a)(2) of the 1933 Securities Act, and Section 506 of Regulation D promulgated thereunder. Coincidentally, the Registrant and K&J entered into a Registration Rights Agreement, as an inducement to K&J to execute and deliver the Investment Agreement, whereby the Registrant agreed to provide certain registration rights under the Securities Act of 1933, as amended, and the rules and regulations thereunder, and applicable state securities laws, with respect to the shares of Common Stock issuable for K&J”s investment pursuant to the Investment Agreement. The Investment Agreement terminates thirty-six (36) months after the Effective Date, or when K&J has purchased an aggregate of ten million dollars ($10,000,000) in the Registrant’s Common Stock, or at such time that the Registration Statement agreed to in the Registration Rights Agreement is no longer in effect, or upon the election of the Registrant, providing written notice to K&J.
https://www.marketwatch.com/investing/Stock/m...p;type=311
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