McCabe Greg 4
4 · TORCHLIGHT ENERGY RESOURCES INC · Filed Jan 12, 2021
Insider Transaction Report
Form 4
McCabe Greg
10% Owner
Transactions
- Award
6% Convertible Promissory Note
2020-12-30Exercise: $1.00From: 2020-12-30Exp: 2021-05-10→ Common Stock (100,000 underlying)
Footnotes (4)
- [F1]The reporting person loaned the issuer $100,000 in exchange for a 6% convertible promissory note.
- [F2]The convertible note has a maturity date of the earlier of (i) May 10, 2021 and (ii) the date on which a business combination between the issuer and Metamaterial Inc. is closed.
- [F3]This amount of common stock only accounts for principal and does not account for accrued and unpaid interest which is also convertible under the note. This amount is also subject to adjustment in the event of any reclassification, stock split, stock dividend or other similar event.
- [F4]The convertible note was issued in consideration for a loan to the issuer by the reporting person in the amount of $100,000.