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
September 11, 2017
Date of Report (Date of earliest event reported)
GTX Corp.
(Exact name of registrant as specified in its charter)
| Nevada | 000-53046 | 98-0493446 | ||
| (State
or other jurisdiction of incorporation) |
(Commission
File Number) |
(IRS
Employer Identification No.) |
| 117 W. 9th St., Suite 1214, Los Angeles, CA | 90015 | |
| (Address of principal executive offices) | (Zip Code) |
Registrant’s telephone number, including area code 213-489-3019
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 (see General Instruction A.2. below):
| [ ] | Written communications pursuant to Rule 425 under Securities Act (17 CFR 230.425) |
| [ ] | Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) |
| [ ] | Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) |
| [ ] | Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) |
Item 1.01 Entry into a Material Definitive Agreement.
On September 11, 2017, GTX Corp. (the “Company”) entered into a purchase order contract number FA9302-17-P-FO49 with Edwards Air Force Base - AFTC/PZIEA. Pursuant to the purchase order, GTX agreed to provide various supplies, services and the installation of said supplies. In return, GTX is to receive an award of $180,000. The purchase order contract is set to be effective as of September 18, 2017.
On September 14, 2017, the Company entered into a Lock-Up Agreement with DiamondRock, LLC (“DiamondRock”) for shares issued pursuant to conversions of existing convertible promissory notes previously issued by the Company to DiamondRock. The Lock-Up Agreement provides DiamondRock with an orderly process for conversion. In consideration for the conversion guidelines, DiamondRock has agreed not to sell any shares acquired from conversion of the outstanding convertible promissory notes until October 14, 2017.
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.
| GTX Corp. | ||
| Date: September 18, 2017 | By: | /s/ Patrick Bertagna |
| Patrick Bertagna, CEO | ||