PURE
HARVEST CORPORATE GROUP, INC.UNITED STATES
SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549
FORM
Pursuant
to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of Report:
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Indicate by check mark whether the Registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (240.12b-2 of this chapter).
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| Item 1.01. | Amendment to a Material Definitive Agreement |
On July 2, 2021, the Company entered into a Definitive Share Purchase Agreement (the “Agreement”) with Kingpins International, Inc. (“Kingpins”).
The equity investment is to occur in two tranches. For the first tranche, Kingpins was to pay
$15,000,000 for shares of the Company’s restricted common or preferred stock on or prior to August 16, 2021. For the second tranche, Kingpins was to pay $15,000,000 for shares of the Company’s restricted common or preferred stock within ninety (90) days of the funding of the first tranche.
The Company and Kingpins have mutually agreed to extend the first tranche full payment date to thirty (30) days from the effective date of the Agreement. The description of the transaction contemplated does not purport to be complete and is qualified in its entirety by reference to the actual terms of the addendum to the Agreement which has been filed as Exhibit 9.01 to this Current Report on Form 8-K, which is incorporated herein by reference.
Item 9.01 Financial Statements and Exhibits
Exhibit No. Description
10.10 Addendum to the Agreement with Kingpins International, Inc.
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.
August 30, 2021
PURE
HARVEST CORPORATE GROUP, INC.
| By: | Matthew Gregarek |
Chief Executive Officer