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Share Name | Share Symbol | Market | Type |
---|---|---|---|
KonaRed Corporation New (CE) | USOTC:KRED | OTCMarkets | Common Stock |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 0.000001 | 0.00 | 01:00:00 |
Nevada
|
|
000-55208
|
|
99-0366971
|
(State or other jurisdiction
of incorporation) |
|
(Commission
|
|
(IRS Employer
Identification No.)
|
|
File Number)
|
|
1101 Via Callejon #200, San Clemente, California
|
|
92673
|
(Address of principal executive offices)
|
|
(Zip Code)
|
N/A
|
(Former name or former address, if changed since last report)
|
☐
|
Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
|
☐
|
Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
|
☐
|
Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
|
☐
|
Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
|
● |
The Senior Convertible Note
. The Senior Convertible Note with VDF, dated January 28, 2014 (the "
VDF Note
") was a result of the Company entering into the Settlement Agreement with VDF at which time the VDF Note was issued to VDF. Under the VDF Note, the Company promised to pay VDF a principal amount equal to the sum of aggregate accrued and unpaid patent license fee payments plus accrued interest.
|
● |
Warrant.
On January 28, 2014, the Company issued VDF a warrant (the
"Warrant
") entitling VDF, from any time after the occurrence of a warrant exercise event until the fifteenth anniversary of the issuance of the warrant, to purchase from the Company, shares of the Company's common stock representing ten percent (10%) of the Company's fully diluted outstanding shares of common stock at a purchase price of $0.001 per share.
|
● |
Investor Rights Agreement.
On January 28, 2014, the Company entered into an investor rights agreement with VDF (the "
Original Investor Rights Agreement
"), whereby VDF has the right to designate that number of nominees to the Company's board of directors (the "
Board
") such that the total number of directors designated by VDF is in proportion to its percentage ownership of the outstanding voting power of the company. From and after the date of the Original Investor Rights Agreement and until such time as: (i) the convertible note has terminated; (ii) the warrant has terminated or been exercised; and (iii) VDF's percentage interest is less than 1%, if VDF does not have a designee on the Board, VDF shall have the right to appoint one individual as a non-voting observer entitled to attend meetings of the Board.
|
● |
Pledge and Security Agreement
. In connection with the VDF Note and other agreements disclosed herein, on January 28, 2014, the Company entered into a pledge and security agreement with VDF (the "
Pledge and Security Agreement
") , whereby the Company pledged, collaterally assigned and granted to VDF, a security interest in all of the Company's right, title and interest, whether now owned or hereafter acquired, in and to the Company's property to secure the prompt and complete payment and performance of obligations existing under any of the agreements described herein.
|
Exhibit
|
Description
|
|
Date: October 5, 2017
|
KONARED CORPORATION
|
|
|
|
|
|
By:
|
/s/ Kyle Redfield |
|
Name:
|
Kyle Redfield
|
|
Title:
|
Chief Executive Officer
|
1 Year KonaRed (CE) Chart |
1 Month KonaRed (CE) Chart |
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