Richard Hoge - Dec 9, 2019 Form 3 Insider Report for Resonate Blends, Inc. (KOAN)

Role
10%+ Owner
Signature
/s/ Richard Hoge
Stock symbol
KOAN
Transactions as of
Dec 9, 2019
Transactions value $
$0
Form type
3
Date filed
6/25/2021, 05:04 PM

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
holding KOAN Common Stock 1M Dec 9, 2019 Direct

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
holding KOAN Warrant (right to buy) Dec 9, 2019 Common Stock 250K $0.10 Direct
holding KOAN Warrant (right to buy) Dec 9, 2019 Common Stock 250K $0.10 Direct
holding KOAN Warrant (right to buy) Dec 9, 2019 Common Stock 1.23M $0.10 Direct
holding KOAN Convertible Loan Dec 9, 2019 Common Stock 2.15M $0.10 Direct F1, F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 On December 9, 2020, the Reporting Person made a $210,000 loan to Textmunication Holdings, Inc. (a predecessor by merger of the Issuer). Beginning 90 days after issuance, the Convertible Loan could be prepaid without penalty by the Issuer or converted into Common Stock of the Issuer upon the Reporting Person's election. The loan was set to mature on June 9, 2020, at which time the option to convert was set to terminate with the payment in full of the loan by the Issuer.
F2 Beginning 90 days after issuance, the Convertible Loan could be converted at the Reporting Person's election into Common Stock of the Issuer at a conversion price of $.10. Prior to conversion or repayment, the loan accrued interest at 10 percent per annum If, prior to any prepayment, the loan was converted on the 90th day, the Reporting Person would receive 2,150,638 shares of Common Stock.