VIRTRA: Creation of a direct financial obligation or obligation under an off-balance sheet arrangement of a registrant, financial statements and supporting documents (Form 8-K / A)
Item 2.03 Creation of a Direct Financial Obligation or an Obligation under a
Off-Balance Sheet Arrangement of a Registrant.
The property consists of approximately 4.3 acres and an industrial building of approximately 76,650 square feet. The Board of Directors believes that this building allows for the growth expected of the incumbent in the development and production of simulators, the development and production of recoil kits, the creation of training content as well as administrative, customer and technological support then. that the company plans to grow. At present, the incumbent has two locations in
The registrant has obtained a mortgage loan of
The note, as well as accrued and unpaid interest, is due and payable on
The foregoing descriptions of the Note, the Deed of Trust and the Assignment and Assumption of Leases are qualified in their entirety by reference to the full text of the Note, the Deed of Trust and the Assignment. and the assumption of leases, which are incorporated by reference as Exhibits 10.1, 10.2 and 10.3, respectively, below.
Article 9.01. Financial statements and supporting documents.
(d) Exhibits. Exhibit No. Description 10.1 Promissory Note dated
August 25, 202110.2 Deed of Trust dated August 25, 202110.3 Assignment and Assumption of Leases dated August 25, 202199.1 Press Release dated August 30, 2021
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