---
schema_version: "secwatch.filing_event.v1"
accession: "0001493152-23-025122"
form_type: "8-K"
ticker: "RWAX"
cik: "0001119190"
company_name: "TAP REAL ESTATE TECHNOLOGIES, INC."
filed_at: "2023-07-20T23:59:59+00:00"
generated_at: "2026-06-13T05:23:41.970874+00:00"
event_type: "litigation"
sentiment: "neutral"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# HUMBL settles BizSecure dispute by issuing 127M restricted shares; S-1 registration required

## Summary
- Issued 127M restricted shares to BizSecure on July 14, 2023; must file S-1 registration within 60 days.
- Share value floor set at $0.0030; if price falls below, company must issue extra shares or pay cash equivalent.
- Mutual release of all claims related to the February 2022 asset purchase agreement.
- Non-compete and confidentiality provisions modified; BizSecure can repurchase assets for $1 if HUMBL bankrupt or ceases operations.
- Company to transfer Vibe Board Pro 75 and reimburse BizSecure's legal fees within 30 days of invoice.

## SEC filing metadata
- accession: 0001493152-23-025122
- form_type: 8-K
- ticker: RWAX
- cik: 0001119190
- company_name: TAP REAL ESTATE TECHNOLOGIES, INC.
- filed_at: 2023-07-20T23:59:59+00:00
- event_type: litigation
- sentiment: neutral
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 1.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1119190/000149315223025122/0001493152-23-025122-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1119190/000149315223025122/form8-k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001493152-23-025122
- JSON: https://secwatch.observer/filing/0001493152-23-025122.json
- Plain text: https://secwatch.observer/filing/0001493152-23-025122.txt

## Key facts
- Material Agreements
  TAP REAL ESTATE TECHNOLOGIES, INC. entered into Settlement Agreement and Mutual Release with BizSecure, Inc., Alfonso Arana, Alfonso Rodriguez-Arana and Clement Danish (effective 2023-07-14).
  - Action: entry
  - Agreement: settlement
  - Counterparty: BizSecure, Inc., Alfonso Arana, Alfonso Rodriguez-Arana and Clement Danish
  - Effective: 2023-07-14
  source text: On July 14, 2023, HUMBL, Inc. (“HUMBL”) entered into a Settlement Agreement and Mutual Release dated July 14, 2023 (the “Settlement Agreement”) with BizSecure, Inc. (“BizSecure”), Alfonso Arana, Alfonso Rodriguez-Arana and Clement Danish to resolve matters arising under the Asset Purchase Agreement dated February 12, 2022 between HUMBL and BizSecure in which HUMBL purchased the assets of BizSecure.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1119190/000149315223025122/0001493152-23-025122-index.htm

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