Current Report Filing (8-k)
October 15 2019 - 4:36PM
Edgar (US Regulatory)
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)
|
October
9, 2019
|
Sun
Pacific Holding Corp.
|
(Exact
name of registrant as specified in its charter)
|
Nevada
|
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000-51935
|
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90-1119774
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(State
or other jurisdiction
|
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(Commission
|
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(IRS
Employer
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of
incorporation)
|
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File
Number)
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Identification
No.)
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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):
[ ]
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Written
communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
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[ ]
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Soliciting
material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
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[ ]
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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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[ ]
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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
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.
SIGNATURE
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.
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Sun
Pacific Holding Corp.
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(Registrant)
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Date:
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October
15, 2019
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By:
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/s/
Nicholas Campanella
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Name:
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Nicholas
Campanella
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Title:
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CEO
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Sun Pacific (PK) (USOTC:SNPW)
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