Unregistered Sales of Equity Securities and Use of Proceeds
−Removed: On May 31, 2018, SWK acquired certain assets of Info Sys Management, Inc.
−Removed: (“ISM”) pursuant to an Asset Purchase Agreement for cash of $300,000 and a promissory note issued in the aggregate principal amount of $1,000,000 (the “ISM Note).
−Removed: In February 2021, the Company issued 119,004 shares of its common stock pursuant to ISM’s conversion of the ISM Note.
−Removed: At the time of conversion, the ISM Note had a balance of $479,111.
−Removed: No further obligations are due and owing pursuant to the ISM Note.
−Removed: On May 31, 2018, Secure Cloud Services acquired certain assets of Nellnube, Inc.
−Removed: (“Nellnube”) pursuant to an Asset Purchase Agreement for a promissory note issued in the aggregate principal amount of $400,000 (the “Nellnube Note).
−Removed: In February 2021, the Company issued 47,602 shares of its common stock pursuant to Nellnube’s conversion of the Nellnube Note.
−Removed: At the time of conversion, the ISM Note had a balance of $191,645.
−Removed: No further obligations are due and owing pursuant to the ISM Note.
+Added: There were no unregistered sales of the Company’s equity securities during the quarter ended June 30, 2021.
Defaults upon Senior Securities
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