HUMBL enters IT consulting deal; issues 389M shares, $500K cash, and Bored Ape NFT as collateral

TAP REAL ESTATE TECHNOLOGIES, INC.

Issues 389M shares (floor $0.0030) to BRU for past due invoices; up to 120M additional shares on milestones.
Cash: $100K within 10 days, $400K note (0% interest), plus $41,667/mo for 3 years for IT support.
Transfers Bored Ape Yacht Club NFT #7937 as collateral until note obligations paid.
Three-year term; BRU can terminate with 30 days' notice; company termination only for material breach.

Key facts

Extracted from this filing and checked against the source text.

Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.95

TAP REAL ESTATE TECHNOLOGIES, INC. entered into Master Consulting Agreement and Promissory Note with BRU, LLC valued at initial stock consideration of 389,000,000 shares of common stock with 24-month price floor of $0.00 (effective 2023-08-01).

Action: entry
Counterparty: BRU, LLC
Value: initial stock consideration of 389,000,000 shares of common stock with 24-month price floor of $0.00
Effective: 2023-08-01

Exact text from the filing

On August 1, 2023, HUMBL, Inc. (“HUMBL”) entered into a Master Consulting Agreement (the “Agreement”) and Promissory Note (“Note”) with BRU, LLC (“BRU”).

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TAP REAL ESTATE TECHNOLOGIES, INC. filing history →

Source: SEC EDGAR

accession 0001493152-23-026900

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