UNITED STATES

SECURITIES AND EXCHANGE COMMISSION  

WASHINGTON, D.C.20549

 

FORM 8-K/A

(Amendment No. 7)

 

CURRENT REPORT

Pursuant to Section 13 OR 15(d) of

The Securities Exchange Act of 1934

 

Date of Report (Date of earliest event reported): November 8, 2021

 

KNOW LABS, INC.

(Exact name of registrant as specified in its charter)

 

Nevada

 

000-30262

 

90-0273142

(State of other jurisdiction

 

(Commission

 

(IRS Employer

of incorporation)

 

File Number)

 

Identification No.)

 

500 Union Street, Suite 810

Seattle, Washington 98101

(Address of principal executive office)

 

(206) 903-1351

(Registrant's telephone number, including area code)

 

____________________________________________________________
(Former name, former address and former fiscal year, if changed since last report)

 

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):

 

☐     Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

 

☐     Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a -12)

 
☐     Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d -2(b))

 
☐     Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e -4(c))

 

Securities registered pursuant to Section 12(b) of the Act: None

 

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.

 

 

 

   

This Amendment is qualified in its entirety by reference to the complete terms and conditions of the Amendments which are attached to this Current Report on Form 8-K as Exhibit 10.1-10.4, and incorporated by reference into this Item 3.02.

 

Item 3.02 Unregistered Sales of Equity Securities; Item 3.03 Material Modification to Rights of Security Holders.

 

Senior Secured Convertible Redeemable Notes

 

On November 8, 2021, the Company approved the Amendments below to the senior secured convertible redeemable notes with Clayton Struve, extending the due dates to March 31, 2022.

 

Item 9.01 Financial Statements and Exhibits.

 

Exhibits.

 

10.1

Amendment 6 dated November 8, 2021 to Senior Secured Convertible Redeemable Note dated September 30, 2016 by and between Know Labs, Inc. and Clayton A. Struve. Filed herewith.

 

 

10.2

Amendment 6 dated November 8, 2021 to Senior Secured Convertible Redeemable Note dated August 14, 2017 by and between Know Labs, Inc. and Clayton A. Struve. Filed herewith.

 

 

10.3

Amendment 6 dated November 8, 2021 to Senior Secured Convertible Redeemable Note dated December 12, 2017 by and between Know Labs, Inc. and Clayton A. Struve. Filed herewith.

 

 

10.4

Amendment 5 dated November 8, 2021 to Senior Secured Convertible Redeemable Note dated February 28, 2018 by and between Know Labs, Inc. and Clayton A. Struve. Filed herewith.

   

 

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.

 

  Registrant: KNOW LABS, INC.
       
By: /s/ Ronald P. Erickson

 

 

Ronald P. Erickson  
    Chairman of the Board  

 

 

 

 

November 12, 2021      

  

 

3

EXHIBIT 10.1

 

AMENDMENT NO. 6 TO

10% CONVERTIBLE REDEEMABLE NOTE

DATED SEPTEMBER 30, 2016

 

This AMENDMENT NO. 6 TO 10% REDEEMABLE nOTE dated SEPTEMBER 30, 2016 (this “Amendment”) is made and entered into as of November 8, 2021, by and between Clayton A. Struve (the “Holder”) and Know Labs, Inc., a Nevada corporation f/k/a Visualant, Incorporated (the “Company”).

 

WHEREAS, the Company is a party to that certain 10% Convertible Redeemable Note dated September 30, 2016, as amended by Amendment No. 5 dated as of April 29, 2021 (as so amended, the “Note”) payable to Holder (capitalized terms used herein and not otherwise defined shall have the meanings set forth in the Note);

 

WHEREAS, the Note currently has a Maturity Date of September 30, 2021; and

 

WHEREAS, the Holder and the Company wish to amend the Note to extend the Maturity Date;

 

NOW, THEREFORE, in consideration of the mutual covenants, agreements, representations, and warranties contained herein, and for other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the parties hereby agree as follows.

 

1. Amendment of Maturity Date. The Maturity Date of the Note is hereby amended to March 31, 2022.

 

2. No Other Changes. Except as specifically set forth in this Amendment, the terms of the Note remain in full force and effect.

 

IN WITNESS WHEREOF, the parties hereto have executed this Amendment as of the date first above written.

 

Company:

 

KNOW LABS, INC.

 

/s/ Ronald P. Erickson

 

 

By: Ronald P. Erickson

Its: Chairman

 

Holder:

 

/s/ Clayton A. Struve

 

 

Clayton A. Struve

EXHIBIT 10.2

 

AMENDMENT NO. 6 TO

SENIOR SECURED CONVERTIBLE REDEEMABLE DEBENTURE

DATED AUGUST 14, 2017

 

This AMENDMENT NO. 6 TO SENIOR SECURED CONVERTIBLE REDEEMABLE DEBENTURE dated AUGUST 14, 2017 (this “Amendment”) is made and entered into as of November 8, 2021, by and between Clayton A. Struve (the “Holder”), and Know Labs, Inc., a Nevada corporation f/k/a Visualant, Incorporated (the “Company”).

 

WHEREAS, the Company is a party to that certain Senior Secured Convertible Redeemable Debenture dated August 14, 2017, as amended by Amendment No. 5 dated as of April 29, 2021 (as so amended, the “Debenture”) payable to Holder (capitalized terms used herein and not otherwise defined shall have the meanings set forth in the Debenture);

 

WHEREAS, the Debenture currently has a Maturity Date of September 30, 2021; and

 

WHEREAS, the Holder and the Company wish to amend the Debenture to extend the Maturity Date;

 

NOW, THEREFORE, for good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the parties hereby agree as follows.

 

1. Amendment of Maturity Date. The Maturity Date of the Debenture is hereby amended to March 31, 2022.

 

2. No Other Changes. Except as specifically set forth in this Amendment, the terms of the Debenture remain in full force and effect.

 

IN WITNESS WHEREOF, the parties hereto have executed this Amendment as of the date first above written.

 

Company:

 

KNOW LABS, INC.

 

/s/ Ronald P. Erickson

 

  

By: Ronald P. Erickson

Its: Chairman

 

Holder:

 

/s/ Clayton A. Struve

 

  

Clayton A. Struve

EXHIBIT 10.3

 

AMENDMENT NO. 6 TO

SENIOR SECURED CONVERTIBLE REDEEMABLE DEBENTURE

DATED DECEMBER 12, 2017

 

This AMENDMENT NO. 6 TO SENIOR SECURED CONVERTIBLE REDEEMABLE DEBENTURE dated DECEMBER 12, 2017 (this “Amendment”) is made and entered into as of November 8, 2021, by and between Clayton A. Struve (the “Holder”), and Know Labs, Inc., a Nevada corporation f/k/a Visualant, Incorporated (the “Company”).

 

WHEREAS, the Company is a party to that certain Senior Secured Convertible Redeemable Debenture dated December 12, 2017, as amended by Amendment No. 5 dated as of April 29, 2021 (as so amended, the “Debenture”) payable to Holder (capitalized terms used herein and not otherwise defined shall have the meanings set forth in the Debenture);

 

WHEREAS, the Debenture currently has a Maturity Date of September 30, 2021; and

 

WHEREAS, the Holder and the Company wish to amend the Debenture to extend the Maturity Date;

 

NOW, THEREFORE, for good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the parties hereby agree as follows.

 

1. Amendment of Maturity Date. The Maturity Date of the Debenture is hereby amended to March 31, 2022.

 

2. No Other Changes. Except as specifically set forth in this Amendment, the terms of the Debenture remain in full force and effect.

 

IN WITNESS WHEREOF, the parties hereto have executed this Amendment as of the date first above written.

 

Company:

 

KNOW LABS, INC.

 

By: Ronald P. Erickson

 

By: Ronald P. Erickson

Its: Chairman

 

Holder:

 

/s/ Clayton A. Struve

 

 

Clayton A. Struve

EXHIBIT 10.4

 

AMENDMENT NO. 5 TO

SENIOR SECURED CONVERTIBLE REDEEMABLE DEBENTURE

DATED FEBRUARY 28, 2018

 

This AMENDMENT NO. 5 TO SENIOR SECURED CONVERTIBLE REDEEMABLE DEBENTURE dated FEBRUARY 28, 2018 (this “Amendment”) is made and entered into as of November 8, 2021, by and between Clayton A. Struve (the “Holder”), and Know Labs, Inc., a Nevada corporation f/k/a Visualant, Incorporated (the “Company”).

 

WHEREAS, the Company is a party to that certain Senior Secured Convertible Redeemable Debenture dated February 28, 2018, as amended by Amendment No. 4 dated as of April 29, 2021 (as so amended, the “Debenture”) payable to Holder (capitalized terms used herein and not otherwise defined shall have the meanings set forth in the Debenture);

 

WHEREAS, the Debenture currently has a Maturity Date of September 30, 2021; and

 

WHEREAS, the Holder and the Company wish to amend the Debenture to extend the Maturity Date;

 

NOW, THEREFORE, for good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the parties hereby agree as follows.

 

1. Amendment of Maturity Date. The Maturity Date of the Debenture is hereby amended to March 31, 2022.

 

2. No Other Changes. Except as specifically set forth in this Amendment, the terms of the Debenture remain in full force and effect.

 

IN WITNESS WHEREOF, the parties hereto have executed this Amendment as of the date first above written.

 

Company:

 

KNOW LABS, INC.

 

By: Ronald P. Erickson

 

By: Ronald P. Erickson

Its: Chairman

 

Holder:

 

/s/ Clayton A. Struve

 

 

Clayton A. Struve