Current Report Filing (8-k)
December 19 2017 - 4:47PM
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): December 5, 2017
KSIX
Media Holdings, Inc.
(Exact
Name of Registrant as Specified in its Charter)
Nevada
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000-52522
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98-0550352
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(State
or Other Jurisdiction
of Incorporation)
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(Commission
File No.)
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(I.R.S.
Employer
Identification No.)
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10624
S. Eastern Ave., Suite A-910
Henderson,
NV
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89052
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(Address
of Principal Executive Offices)
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(Zip
Code)
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Registrant’s
telephone number, including area code: (702) 701-8030
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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Soliciting
material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
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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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Pre-commencement
communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
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TABLE
OF CONTENTS
Item
1.01 Entry into a Material Definitive Agreement
On
December 5, 2017, KSIX Media Holdings, Inc. and certain of its subsidiaries (collectively, the “Company”) entered
into a Settlement Agreement with Salksanna, LLC relating to two separate promissory notes dated September 29, 2016 and October
29, 2016 (the “Salksanna Notes”), each in the original principal amount of $53,542.33 and a counterclaim filed by
the Company with respect to the enforcement of the obligations evidenced by the Salksanna Notes. Under the terms of the Settlement
Agreement, the Company paid Salksanna $110,000 cash in full satisfaction of all amounts due pursuant to the Salksanna Notes and
all amounts claimed by the Company under its counterclaim. The parties also agreed to file a joint stipulation with prejudice
of all litigation related to the Salksanna Notes and executed a mutual general release with respect to the matter.
On
December 7, 2017, the Company and certain corporate and individual guarantors entered into a Settlement Agreement with TCA Global
Credit Master Fund, L.P. (“TCA”) with respect to a convertible promissory note in the original face amount of $750,000
(the TCA Note”). This matter was also the subject of litigation filed in Broward County, Florida. Under the terms of the
Settlement Agreement, the Company paid TCA $375,000 cash to settle all obligations between the parties. In addition, TCA agreed
to the cancellation of 1,782,000 shares of Company Common Stock which it had held, dismissal with prejudice of the pending litigation
and release of all security interests and guarantees it held related to the TCA Note. The parties also entered into a mutual general
release with respect to the matter.
Item
9.01 Financial Statements and Exhibits.
(d)
Exhibits
None.
SIGNATURES
Pursuant
to the requirements of the Securities and Exchange Act of 1934, the registrant has duly caused this report to be signed on its
behalf by the undersigned hereunto duly authorized.
KSIX
Media Holdings, Inc.
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By:
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/s/
Kevin Brian Cox
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Name:
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Kevin
Brian Cox
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Title:
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President
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Dated: December 19, 2017
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