0001477932-19-005827.txt : 20191011 0001477932-19-005827.hdr.sgml : 20191011 20191011151827 ACCESSION NUMBER: 0001477932-19-005827 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20191007 ITEM INFORMATION: Entry into a Material Definitive Agreement ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20191011 DATE AS OF CHANGE: 20191011 FILER: COMPANY DATA: COMPANY CONFORMED NAME: MMEX Resources Corp CENTRAL INDEX KEY: 0001440799 STANDARD INDUSTRIAL CLASSIFICATION: SERVICES-ALLIED TO MOTION PICTURE PRODUCTION [7819] IRS NUMBER: 261749145 STATE OF INCORPORATION: NV FISCAL YEAR END: 0430 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 000-55831 FILM NUMBER: 191148077 BUSINESS ADDRESS: STREET 1: 3616 FAR WEST BLVD #117-321 CITY: AUSTIN STATE: TX ZIP: 78731 BUSINESS PHONE: 855-880-0400 MAIL ADDRESS: STREET 1: 3616 FAR WEST BLVD #117-321 CITY: AUSTIN STATE: TX ZIP: 78731 FORMER COMPANY: FORMER CONFORMED NAME: MMEX Mining Corp DATE OF NAME CHANGE: 20110223 FORMER COMPANY: FORMER CONFORMED NAME: Management Energy, Inc. DATE OF NAME CHANGE: 20090716 FORMER COMPANY: FORMER CONFORMED NAME: MGMT ENERGY, INC. DATE OF NAME CHANGE: 20090303 8-K 1 mmex_8k.htm FORM 8-K mmex_8k.htm

 

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

 

FORM 8-K

 

CURRENT REPORT

PURSUANT TO SECTION 13 OR 15(d)

OFTHE SECURITIES EXCHANGE ACT OF 1934

 

Date of Report (Date of earliest event reported): October 7, 2019

 

MMEX RESOURCES CORPORATION

(Exact name of registrant as specified in its charter)

 

Nevada

 

333-152608

 

26-1749145

(State of

incorporation)

 

(Commission File

Number)

 

(IRS Employer

Identification Number)

 

3616 Far West Blvd., #117-321

Austin, Texas 78731

(Address of principal executive offices)

 

Registrant’s telephone number, including area code: (855) 880-0400

 

Check the appropriate box if the Form 8-K filing is intended to simultaneously satisfy the reporting obligation of the registrant under any of the following provisions:

 

¨ Written communications pursuant to Rule 425 under the Securities Act

¨ Soliciting material pursuant to Rule 14a-12 of the Exchange Act

¨ Pre-commencement communications pursuant to Rule 14d-2(b) Exchange Act

¨ Pre-commencement communications pursuant to Rule 13e-4(c) Exchange Act

 

Securities registered pursuant to Section 12(b) of the Act: N/A

 

Indicate by check mark whether the Registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter). 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. ¨

 

 
 
 
 

 

Item 1.01 Entry into a Material Definitive Agreement.

 

On October 7, 2019, we finalized an agreement, effective as of September 12, 2019, with GS Capital Partners, LLC to extend to February 4, 2020 the maturity date of the following promissory notes we had previously issued to them: (i) a $110,000 note dated September 13, 2018 and due September 13, 2019; (ii) a $70,000 note dated September 18, 2018 and due September 18, 2019; and (iii) a $600,000 note dated October 5, 2018 and due October 5, 2019. In consideration of the extension, we agreed to pay GS Capital an extension fee of $90,000, due and payable upon the retirement of such notes. A copy of this agreement is filed as Exhibit 4.1 to this report.

 

Item 9.01 Financial Statements and Exhibits

 

(d) Exhibits

 

4.1

 

Amendment to Promissory Notes

 

 

2

 
 

 

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.

 

 MMEX Resources Corporation

 

   

 

Date: October 11, 2019By:/s/ Jack W. Hanks

 

 

 

Jack W. Hanks,

President and Chief Executive Officer

 

 

 

3

 

 EX-4.1 2 mmex_ex41.htm AMENDMENT TO PROMISSORY NOTES mmex_ex41.htm

EXHIBIT 4.1

 

AMENDMENT TO PROMISSORY NOTES

 

THIS AMENDMENT TO PROMISSORY NOTES (the “Amendment”), dated as of September 12, 2019 (“Effective Date”), is entered into by MMEX Resources Corporation (the “Company”) and GS Capital Partners, LLC (“Holder”).

 

WHEREAS, the Company has issued the following notes (the “Notes”) to Holder:

 

(i) a $110,000 note dated September 13, 2018 and due September 13, 2019;

 

(ii) a $70,000 note dated September 18, 2018 and due September 18, 2019; and

 

(iii) a $600,000 note dated October 5, 2018 and due October 5, 2019; and

 

WHEREAS, the Company and the Holder desire to amend the Notes;

 

NOW, THEREFORE, in consideration of the premises and for other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, it is hereby agreed by each party hereto as follows:

 

 

1.The maturity dates of the Notes are hereby extended to February 4, 2020.

 

 

 

 

2.In consideration of the extension of the maturity dates of the Notes, the Company will pay an extension fee of $90,000 to Holder. The extension fee will be due and payable in cash to Holder in connection with, and at the time of, the repayment of the Notes. If the Company fails to repay the unconverted principal balance of the Notes, together with all accrued interest, in full on or before February 4, 2020, the Holder may add the $90,000 fee to the principal balance of the Notes (which shall then be in default).

 

 

 

 

3.Except as expressly amended and modified by this Amendment, the Notes are and shall continue to be in full force and effect in accordance with the terms thereof. Additionally, the Company is indebted to the Holder pursuant to a $110,000 note dated February 20, 2019 and due February 20, 2020, which shall remain in effect in accordance with its terms.

 

 

 

 

4.This Amendment may be executed by the parties hereto in counterparts, and all of such counterparts taken together shall be deemed to constitute one and the same instrument.

 

 

1

 
 
 

IN WITNESS WHEREOF, the parties hereto have caused this Amendment to Promissory Notes to be duly executed as of the Effective Date written above.

 

 

MMEX Resources Corporation

    
By:/s/ Jack W. Hanks

 

 

Jack W. Hanks, CEO 
   

 

GS Capital Partners, LLC

 

 

 

 

 

 

By:

/s/ Gabe Sayegh

 

 

 

Gabe Sayegh, President

 

 

 

2