Attached files
| file | filename |
|---|---|
| EX-10 - DEMAND PROMISSORY NOTE DATED 03-31-2014 - KNOW LABS, INC. | ex_10-1.htm |
| EX-10 - AMENDMENT TO DEMAND PROMISSORY NOTE DATED 03-31-2014 - KNOW LABS, INC. | ex_10-2.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: March 31, 2014
VISUALANT, INCORPORATED
(Exact name of Registrant as specified in its charter)
Nevada | 0-25541 | 90-0273142 |
(State or jurisdiction of incorporation) | (Commission File No.) | (IRS Employer Identification No.) |
500 Union Street, Suite 420
Seattle, Washington 98101
(206) 903-1351
(Address of Registrant’s principal executive office and telephone number)
Section 1 - Registrant’s Business and Operations
Item 1.01. Entry into a Material Definitive Agreement.
On March 31, 2014, Visualant, Inc. (the “Company”) entered into a Demand Promissory Note with Mr. Erickson, our Chief Executive Officer and/or entities in which Mr. Erickson has a beneficial interest, for $300,000. The March 31, 2014 Note provides for interest of 3% per annum and is due June 30, 2014. The Company has borrowed $205,000 under this Note as of March 31, 2014.
On March 31, 2014, the Company entered into an Amendment to the Demand Promissory Note dated January 10, 2014 with Mr. Erickson, our Chief Executive Officer and/or entities in which Mr. Erickson has a beneficial interest. The Amendment to the January 10, 2014 Note extended the due date of this from March 31, 2014 to June 30, 2014. The Note provides for interest of 3% per annum.
The foregoing description of the Demand Promissory Note and Amendment to Demand Promissory Note is qualified in its entirety by reference to the Demand Promissory Note and Amendment to Promissory Note, copies of which are attached to this Current Report on Form 8-K as Exhibits 10.1 and 10.2, incorporated by reference into this 1.01.
Item 9.01 Financial Statements and Exhibits.
(d) Exhibits –
Exhibit No. | Description |
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Demand Promissory Note dated March 31, 2014 by and between Visualant, Inc. and J3E2A2Z LP. | |
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Amendment to Demand Promissory Note dated March 31, 2014 by and between Visualant, Inc. and J3E2A2Z LP. |
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
| Registrant: VISUALANT, INCORPORATED | |
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| By: | /s/ Mark Scott |
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| Mark Scott, CFO |
April 3, 2014
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