Unregistered Sales of Equity Securities and Use of Proceeds.
+Added: the three-months ended June 30, 2021, we:
+Added: issued 6,222,797 shares of Rule 144 restricted Common Stock, including 4,766,667 shares issued
+Added: in private placement to five (5) accredited investors at an average price of $0.04 per share for $173,000, and 482,500 shares issued
+Added: for payment of consulting fees at a price of $0.03 per share, and 973,630 shares for costs related to the issuance of promissory notes
+Added: at an average price of $0.05 per share As of June, 2021, the Company has 224,128 shares of common stock to be issued to Kevin Jones,
+Added: a related party, for costs related to issuance of promissory notes, and 200,000 shares of common stock to be issued in private placement
+Added: to one (1) accredited, these shares will be issued in the third quarter of 2021.
the three-month period ended March 31, 2021, we issued a total of 1,200,000 through a private sale to an accredited investor.
−Removed: unregistered securities were issued in reliance upon an exemption from registration pursuant to Section 4(a)(2) of the Securities
−Removed: Act or Rule 506(3) of Regulation D promulgated under the Securities Act.
−Removed: Each investor took his/her securities for investment
−Removed: purposes without a view to distribution and had access to information concerning us and our business prospects, as required by
−Removed: the Securities Act.
−Removed: In addition, there was no general solicitation or advertising for the purchase of our securities.
−Removed: Our securities
−Removed: were sold only to accredited investors and current shareholders as defined in the Securities Act with whom we had a direct personal,
−Removed: preexisting relationship, and after a thorough discussion.
−Removed: Each certificate contained a restrictive legend as required by the
−Removed: Securities Act.
−Removed: Finally, our stock transfer agent has been instructed not to transfer any of such securities, unless such securities
−Removed: are registered for resale or there is an exemption with respect to their transfer.
−Removed: of the above described investors who received shares of our common stock were provided with access to our filings with the SEC,
−Removed: including the following:
+Added: unregistered securities were issued in reliance upon an exemption from registration pursuant to Section 4(a)(2) of the Securities Act
+Added: or Rule 506(3) of Regulation D promulgated under the Securities Act.
+Added: Each investor took his/her securities for investment purposes without
+Added: a view to distribution and had access to information concerning us and our business prospects, as required by the Securities Act.
+Added: addition, there was no general solicitation or advertising for the purchase of our securities.
+Added: Our securities were sold only to accredited
+Added: investors and current shareholders as defined in the Securities Act with whom we had a direct personal, preexisting relationship, and
+Added: after a thorough discussion.
+Added: Each certificate contained a restrictive legend as required by the Securities Act.
+Added: Finally, our stock transfer
+Added: agent has been instructed not to transfer any of such securities, unless such securities are registered for resale or there is an exemption
+Added: with respect to their transfer.
+Added: of the above described investors who received shares of our common stock were provided with access to our filings with the SEC, including
+Added: the following:
information contained in our annual report on Form 10-K under the Exchange Act.
−Removed: information contained in any reports or documents required to be filed by Greenway Technologies under sections 13(a), 14(a),
−Removed: 14(c), and 15(d) of the Exchange Act since the distribution or filing of the reports specified above.
−Removed: brief description of the securities being offered, and any material changes in our affairs that were not disclosed in the
−Removed: documents furnished.
+Added: information contained in any reports or documents required to be filed by Greenway Technologies under sections 13(a), 14(a), 14(c),
+Added: and 15(d) of the Exchange Act since the distribution or filing of the reports specified above.
+Added: brief description of the securities being offered, and any material changes in our affairs that were not disclosed in the documents
transfer agent is:
−Removed: Transfer Online, Inc., whose address is 512 SE Salmon Street, Portland, Oregon 97214, 2nd Floor, telephone
−Removed: number (503) 227-2950.
+Added: Transfer Online, Inc., whose address is 512 SE Salmon Street, Portland, Oregon 97214, 2nd Floor, telephone number
+Added: (503) 227-2950.
of Equity Securities by the Issuer and Affiliated Purchasers
1 unchanged sentence
December 20, 2017, the Company issued a convertible promissory note for $166,667, fully payable by December 20, 2019.
−Removed: is in default for breach of payment.
−Removed: By its terms, the cash interest payable increased to 18% per annum on December 20, 2018 and
−Removed: continues at such rate until the default is cured or is paid at term.
−Removed: See Note 6 –
−Removed: Notes Payable and Convertible Notes
+Added: This loan is in
+Added: default for breach of payment.
+Added: By its terms, the cash interest payable increased to 18% per annum on December 20, 2018 and continues
+Added: at such rate until the default is cured or is paid at term.
+Added: See Note 6 – Notes Payable and Convertible Notes Payable.
September 26, 2019, the Company entered into a Settlement Agreement with Southwest Capital Funding Ltd.,as part of the consideration
−Removed: for an agreed stipulated judgement, we agreed to provide Southwest a Promissory Note in the amount of $525,000, providing for
−Removed: a three-year term, at 7.7% simple interest only, payable semi-annually, with interest due calculated on a 365-day year, default
−Removed: interest at 18%, with the principal amount due at maturity.
−Removed: Since the note was issued, two semiannual payments of interest have
−Removed: The Company is in default of its semiannual interest payment due on February 15, 2021, and thus has classified the
−Removed: note as a current liability.
−Removed: See Note 6 –
−Removed: Notes Payable and Convertible Notes Payable.
+Added: for an agreed stipulated judgement, we agreed to provide Southwest a Promissory Note in the amount of $525,000, providing for a three-year
+Added: term, at 7.7% simple interest only, payable semi-annually, with interest due calculated on a 365-day year, default interest at 18%, with
+Added: the principal amount due at maturity.
+Added: Since the note was issued, two semiannual payments of interest have been paid.
+Added: The Company was
+Added: in default of its semiannual interest payment due on February 15, 2021.
+Added: In May 2021, the Company made the semi-annual interest
+Added: payment (including late fees) and cured the default.
+Added: See Note 6 – Notes Payable and Convertible Notes Payable.
Mine Safety Disclosures.
Compared sentence by sentence after normalising whitespace, quotation marks, case and digits, so re-formatting and restated figures do not read as changed language. Wording changes appear as one removal and one addition. The current filing and the prior one are authoritative.