---
schema_version: "secwatch.filing_event.v1"
accession: "0001493152-22-032971"
form_type: "8-K"
ticker: "RWAX"
cik: "0001119190"
company_name: "TAP REAL ESTATE TECHNOLOGIES, INC."
filed_at: "2022-11-18T23:59:59+00:00"
generated_at: "2026-06-21T15:38:55.698195+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# HUMBL enters $2.2M line of credit and $2.2M settlement with Forwardly over warrant

## Summary
- Enters 12-month $2.2M line of credit with Sartorii, LLC at 5% interest; draws capped at $440k/month, unsecured.
- Settlement with Forwardly: pays $2.2M in five monthly installments of $440k from Nov 2022 to Mar 2023.
- Forwardly returns warrant to purchase up to 125M shares; retains 10M shares previously bought for $2M.
- Line of credit proceeds expected to fund settlement payments and general working capital.

## SEC filing metadata
- accession: 0001493152-22-032971
- form_type: 8-K
- ticker: RWAX
- cik: 0001119190
- company_name: TAP REAL ESTATE TECHNOLOGIES, INC.
- filed_at: 2022-11-18T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 1.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1119190/000149315222032971/0001493152-22-032971-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1119190/000149315222032971/form8-k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001493152-22-032971
- JSON: https://secwatch.observer/filing/0001493152-22-032971.json
- Plain text: https://secwatch.observer/filing/0001493152-22-032971.txt

## Key facts
- Material Agreements
  TAP REAL ESTATE TECHNOLOGIES, INC. entered into Settlement Agreement and Mutual Release of Claims with Forwardly, Inc. valued at $2,200,000 (effective 2022-11-15).
  - Action: entry
  - Agreement: settlement
  - Counterparty: Forwardly, Inc.
  - Value: $2,200,000
  - Effective: 2022-11-15
  source text: On November 15, 2022 HUMBL entered into a Settlement Agreement and Mutual Release of Claims (the “Release Agreement”) with Forwardly, Inc. (“Forwardly”) under which HUMBL has agreed to pay Forwardly $2,200,000 in five equal monthly payments of $440,000 commencing November 15, 2022 and ending March 15, 2023.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1119190/000149315222032971/0001493152-22-032971-index.htm
- Material Agreements
  TAP REAL ESTATE TECHNOLOGIES, INC. entered into Line of Credit Agreement with SARTORII, LLC valued at $2,200,000 (effective 2022-11-15).
  - Action: entry
  - Agreement: credit facility
  - Counterparty: SARTORII, LLC
  - Value: $2,200,000
  - Effective: 2022-11-15
  source text: On November 15, 2022, the registrant (“HUMBL”), entered into a 12 month Line of Credit Agreement with SARTORII, LLC (“SARTORII”) under which SARTORII agreed to lend up to $2,200,000 in principal amount through a series of draws not to exceed $440,000 per month and bearing annual interest of 5%.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1119190/000149315222032971/0001493152-22-032971-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.