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EX-10.1 - DEMAND PROMISSORY NOTE - Citius Pharmaceuticals, Inc. | ctxr_ex101.htm |
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
__________________
FORM 8-K
__________________
CURRENT REPORT
Pursuant to Section 13 or 15(d) of
the Securities Exchange Act of 1934
Date of Report (Date of earliest event reported) September 7, 2016
__________________
Citius Pharmaceuticals, Inc. |
(Exact name of registrant as specified in its charter |
__________________
Nevada
(State or other jurisdiction of incorporation)
333-206903 |
| 27-3425913 |
(Commission File Number) |
| (IRS Employer Identification No.) |
|
|
|
11 Commerce Drive, 1st Floor Cranford, NJ |
| 07016 |
(Address of principal executive offices) |
| (Zip Code) |
Registrant's telephone number, including area code (908) 967-6677
__________________
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:
¨ 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))
Item 1.01 Entry into a Material Definitive Agreement
On September 7, 2016, Citius Pharmaceuticals, Inc. (the “Company”) executed a demand promissory note in favor of Leonard Mazur (“Lender”) in the principal amount of $500,000 (the “Note”). The Note bears interest at the “Prime Rate” as published in the Wall Street Journal on the last day of the month plus 1%, and matures on the earlier of December 31, 2016 and demand by the Lender.
The Lender, Leonard Mazur, is our Executive Chairman and Secretary and a director of the Company.
The description of the Note is qualified in its entirety by reference to the full text of the Note, which is incorporated by reference herein. A copy of the Note is included herein as Exhibit 10.1.
Item 2.03. Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant.
The disclosure required by this item is included in Item 1.01 and is incorporated herein by reference.
Item 9.01. Financial Statements and Exhibits
(d) Exhibits.
Exhibit No. | Description of Exhibit | |
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|
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10.1 | Demand Promissory Note dated September 7, 2016 by and between Citius Pharmaceuticals, Inc. and Leonard Mazur. |
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SIGNATURE
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.
CITIUS PHARMACEUTICALS, INC. | |||
Date: October 12, 2016 | By: | /s/ Myron Holubiak | |
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| Myron Holubiak | |
President and Chief Executive Officer | |||
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