Current Report Filing (8-k)

Date : 10/15/2019 @ 8:36PM
Source : Edgar (US Regulatory)
Stock : Sun Pacific Holding Corp. (QB) (SNPW)
Quote : 0.0017  -0.0002 (-10.53%) @ 9:41PM

Current Report Filing (8-k)






Washington, D.C. 20549





Pursuant to Section 13 OR 15(d) of The Securities Exchange Act of 1934


Date of Report (Date of earliest event reported) October 9, 2019


Sun Pacific Holding Corp.
(Exact name of registrant as specified in its charter)


Nevada   000-51935   90-1119774
(State or other jurisdiction   (Commission   (IRS Employer

of incorporation)

  File Number)   Identification No.)


215 Gordon’s Corner Road, Suite 1A Manalapan, NJ 07726

(Address of principal executive offices)


Registrant’s telephone number, including area code 732-845-0906



(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 (see General Instruction A.2. below):


[  ] Written communications pursuant to Rule 425 under the 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 October 9, 2019, MedRecycler-RI, Inc., a subsidiary of Sun Pacific Holding Corp. (the “Company”), entered into the First Amended Indenture of Trust (the “Amended Indenture”), with UMB Bank, N.A., a national banking association (“UMB”) increasing the principal under the original Indenture of Trust by two million seven hundred thousand dollars ($2,700,00.00). As a result, MedRecycler-RI, Inc. owes an aggregate of eight million seven hundred twenty five thousand dollars ($8,725,000). As a condition to entry into the Amended Indenture all parties providing security interest, pledges, and guarantees pursuant to the Original Indenture of Trust signed on February 7, 2019, including the Company, agreed to extend such security interest, pledges, and guarantees pursuant to the terms of the Omnibus Amendment Agreement between the securing parties and UMB, as Trustee on October 9, 2019. In addition, the Trustee required that MedRecycler-RI, Inc. further agree to assign any and all contractual rights related to the equipment.






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.


  Sun Pacific Holding Corp.
  Date: October 15, 2019
  By: /s/ Nicholas Campanella
  Name:  Nicholas Campanella
  Title: CEO




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