UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM
CURRENT REPORT
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| Item 1.01. | Entry Into a Material Definitive Agreement. |
On April 14, 2023, The Crypto Company (the “Company”) entered into a Second Amendment to Promissory Note (the “Second Amendment”) to amend certain terms of a Promissory Note (the “Note”) originally issued by the Company on or about May 3, 2022 in favor of AJB Capital Investments, LLC (“AJB”). Pursuant to the Second Amendment, AJB loaned the Company an additional $55,000 (resulting in proceeds to the Company of $50,000 after giving effect to an original issue discount of ten percent), and, as a result the Amendment served to increase the face amount of the Note to $1,180,000 to give effect to the additional funds loaned to the Company. All transaction documents originally entered into by the parties in connection with the issuance of the Note were amended to cause the term “Principal” to mean the sum of $1,180,000. Except as amended by the Second Amendment all of the original terms and conditions of the Note remain as set forth in the original transaction documents.
| Item 2.03. | Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant. |
The information set forth under Item 1.01 is incorporated herein by reference.
| Item 3.02. | Unregistered Sales of Equity Securities |
The information set forth under Item 1.01 is incorporated herein by reference.
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
| THE CRYPTO COMPANY | ||
| Date: April 20, 2023 | By: | /s/ Ron Levy |
| Name: | Ron Levy | |
| Title: | Chief Executive Officer, Chief Operating Officer and Secretary | |