Attached files
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| EX-10.1 - PROMISSORY NOTE, DATED JANUARY 28, 2011 - ZYTO CORP | zytc20110128ex10-1.htm |
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
____________________
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the
Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): January 28, 2011
ZYTO CORP
(Exact name of Registrant as specified in its charter)
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Delaware
(State or other jurisdiction
of incorporation)
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000-54170
(Commission
File Number)
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20-5534033
(IRS Employer Identification Number)
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387 South 520 West, Suite 200
Lindon, UT 84042
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801-224-7199
(Registrant’s telephone number, including area code)
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Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
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Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
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Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
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Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
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Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
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Item 1.01 Entry into a Material Definitive Agreement.
On January 28, 2011, ZYTO Corp (the “Company”), borrowed $50,000. The principal balance of this note (the “Note”) (a) is payable in full 18 months after the date of issuance of the Note, and (b) bears interest on the unpaid principal amount at the rate of 10% per annum, with interest being paid monthly. Additionally, the Note grants the lender 25,000 shares of the Company’s Common Stock as additional consideration for entering into the Note. The Note issued for this transaction is incorporated by reference as Exhibit 10.1 to this report.
Item 2.03 Creation of a Direct Financial Obligation or an Obligation under an Off–Balance Sheet Arrangement of a Registrant.
See Item 1.01, which is incorporated herein by reference.
Item 9.01 Financial Statements and Exhibits
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(D)
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Exhibits.
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10.1
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Promissory Note, dated January 28, 2011
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SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the Registrant has duly caused this Current Report on Form 8-K to be signed on its behalf by the undersigned hereunto duly authorized.
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ZYTO Corp
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Date: February 1, 2011
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By: /s/ Vaughn R Cook
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Name: Vaughn R Cook
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Title: Chief Executive Officer
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