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Post by joecoffee on Feb 3, 2014 12:50:00 GMT -5
Asher note paid off! www.otcmarkets.com/edgar/GetFilingHtml?FilingID=9722565Item 8.01 Other Events. As previously reported on Form 8-K on August 27, 2013, Sanomedics International Holdings, Inc. (the “Company”) entered into a Securities Purchase Agreement with Asher Enterprises, Inc. (“Asher”) for the sale of a convertible promissory note (the “Note”) in the principal amount of $73,500 which was executed and funded on August 30, 2013. On January 22, 2014, the Company paid $97,740 to Asher in order to satisfy the Note. The amount of the payoff includes accrued interest and default amount. The Note was due on May 29, 2014, bears interest at 8% per annum until paid or to maturity. The Note is now paid in full and the Company has no further obligation with respect to the Note.
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