HUMBL returns Tickeri to sellers after defaulting on $5M notes; shares issued

TAP REAL ESTATE TECHNOLOGIES, INC.

HUMBL transferred Tickeri to sellers after defaulting on $5M promissory notes from 2021 acquisition.
Notes cancelled with all accrued interest and penalties; parties grant mutual release.
Sellers receive 4,672,897 restricted shares each plus 2,716,828 delayed shares per seller.
Company retains no ownership in Tickeri; all IP and assets transferred to sellers.
Settlement resolves all claims; Tickeri is no longer a subsidiary of HUMBL.

Key facts

Extracted from this filing and checked against the source text.

Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

TAP REAL ESTATE TECHNOLOGIES, INC. entered into Settlement Agreement with Javier Gonzalez and Juan Luis Gonzalez valued at $5,000,000 (effective 2023-01-31).

Action: entry
Agreement: settlement
Counterparty: Javier Gonzalez and Juan Luis Gonzalez
Value: $5,000,000
Effective: 2023-01-31

Exact text from the filing

On January 31, 2023, HUMBL, Inc. (“HUMBL”) entered into a Settlement Agreement (the “Settlement Agreement”) with Javier Gonzalez and Juan Luis Gonzalez.

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TAP REAL ESTATE TECHNOLOGIES, INC. filing history →

Source: SEC EDGAR

accession 0001493152-23-003588

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