8-K
Resonate Blends, Inc. (KOAN)
UNITEDSTATES
SECURITIESAND EXCHANGE COMMISSION
WASHINGTON,D.C. 20549
FORM8-K
CURRENTREPORT
PURSUANTTO SECTION 13 OR 15(d) OF
THESECURITIES EXCHANGE ACT OF 1934
Date of Report (Date of earliest event reported): February 12, 2021
Resonate Blends, Inc.
(Exact name of registrant as specified in its charter)
| Nevada | 000-21202 | 58-1588291 |
|---|---|---|
| (State<br> or other jurisdiction<br><br> <br>of incorporation) | (Commission<br><br> <br>File<br> Number) | (I.R.S.<br> Employer<br><br> <br>Identification<br> No.) |
| 26565<br> Agoura Road, Suite 200<br><br> <br>Calabasas,<br> CA | 91302 | |
| --- | --- | |
| (Address<br> of principal executive offices) | (Zip<br> Code) |
Registrant’s telephone number, including area code: 571-888-0009
(Former name or former address, if changed since last report)
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:
| [ ] | Written<br> communications pursuant to Rule 425 under the Securities Act (17CFR 230.425) |
|---|---|
| [ ] | Soliciting<br> material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) |
| [ ] | Pre-commencement<br> communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) |
| [ ] | Pre-commencement<br> communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) |
Securities registered pursuant to Section 12(b) of the Act:
| Title<br> of each class | Trading<br> Symbol(s) | Name<br> of each exchange on which registered |
|---|---|---|
| Common<br> Stock | KOAN | OTCQB |
Emerging growth company [ ]
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. [ ]
SECTION1 - REGISTRANT’S BUSINESS AND OPERATIONS
ITEM1.02 – TERMINATION OF A MATERIAL DEFINITIVE AGREEMENT
On July 20, 2020, we entered into a Securities Purchase Agreement (“SPA”) with FirstFire Global Opportunities Fund, LLC (“FirstFire”) and convertible promissory note with a principal amount of $225,000, a $25,000 original issue discount and interest at 8% per annum (the “FirstFire Note”).
On September 16, 2020, we executed an addendum with FirstFire whereby a $138,000 payment would be made followed by two additional payments to retire the FirstFire Note.
On September 18, 2020 we made a $138,000 payment to FirstFire that took care of the first three (3) amortized payments due on December 20, 2020, January 20, 2021 and February 20, 2021. There remained two (2) additional payments of $52,500, which equals the remaining $105,000 due, were scheduled for payment on March 20, 2021 and April 20, 2021.
On February 12, 2021, we made the final two (2) payments of $52,500 to retire the FirstFire Note.
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.
ResonateBlends, Inc.
| /s/ Geoffrey Selzer |
|---|
| Geoffrey<br> Selzer |
| Chief<br> Executive Officer |
| Date:<br> February 12, 2021 |