UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM
CURRENT REPORT
Pursuant to Section 13 OR 15(d) of The Securities Exchange Act of 1934
Date
of Report (Date of earliest event reported):
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| (State of other jurisdiction | (Commission | (IRS Employer | ||
| of incorporation) | File Number) | Identification No.) |
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Item 1.01 Entry into a Material Definitive Agreement.
As reported in its Current Report on Form 8-K filed November 18, 2022, the registrant (“HUMBL”) entered into a Settlement Agreement and Mutual Release of Claims dated November 15, 2022 (the “Release Agreement”) with Forwardly, Inc. (“Forwardly”) under which HUMBL has agreed to pay Forwardly $2,200,000 in five equal monthly payments of $440,000 commencing November 15, 2022 and ending March 15, 2023. On December 29, 2022, Forwardly agreed to extend the last payment of $440,000 due on March 15, 2023 to June 15, 2023 in return for HUMBL accelerating the third and fourth payments under the Release Agreement to the end of December 2022.
Item 9.01 Financial Statements and Exhibits.
| Exhibits | |||
| 104 | Cover Page Interactive Data File (embedded within the Inline XBRL document) |
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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 thereunto duly authorized.
| Date: January 5, 2023 | HUMBL, Inc. | |
| By: | /s/ Brian Foote | |
| Brian Foote | ||
| President and CEO | ||
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