Extracted from this filing and checked against the source text.
Debt Financings
SEC 8-K Item 2.03/2.04
confidence 0.9
Crypto Co amended loan of $1,125,000 with AJB Capital Investments, LLC.
- Instrument
- loan
- Principal
- $1,125,000
- Counterparty
- AJB Capital Investments, LLC
- Event
- amendment
Exact text from the filing
On December 29, 2022, The Crypto Company (the "Company") entered into a First Amendment to Promissory Note (the "Amendment") to amend certain terms of a Promissory Note (the "Note") originally issued by the Company on or about May 3, 2022 in favor of AJB Capital Investments, LLC ("AJB"). Pursuant to the Amendment, AJB loaned the Company an additional $125,000 (resulting in proceeds to the Company of $100,000 after giving effect to an original issue discount of $25,000), and, as a result the Amendment served to increase the face amount of the Note to $1,125,000 to give effect to the additional funds loaned to the Company.
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Material Agreements
SEC 8-K Item 1.01/1.02
confidence 0.9
Crypto Co amended First Amendment to Promissory Note with AJB Capital Investments, LLC valued at $125,000 (effective 2022-12-29).
- Action
- amendment
- Agreement
- credit facility
- Counterparty
- AJB Capital Investments, LLC
- Value
- $125,000
- Effective
- 2022-12-29
Exact text from the filing
On December 29, 2022, The Crypto Company (the “Company”) entered into a First Amendment to Promissory Note (the “Amendment”) to amend certain terms of a Promissory Note (the “Note”) originally issued by the Company on or about May 3, 2022 in favor of AJB Capital Investments, LLC (“AJB”).
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Material Agreements
SEC 8-K Item 1.01/1.02
confidence 0.9
Crypto Co terminated July Diagonal Note with 1800 Diagonal Lending, LLC valued at $79,250.
- Action
- termination
- Agreement
- credit facility
- Counterparty
- 1800 Diagonal Lending, LLC
- Value
- $79,250
Exact text from the filing
The Company used proceeds of the additional loan amount, in part, to satisfy in full all remaining obligations owed by the Company pursuant to a promissory note in the principal amount of $79,250 issued in favor of 1800 Diagonal Lending, LLC in July 2022 (the “July Diagonal Note”). As a result, the July Diagonal Note is satisfied in full and was terminated.
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