EKIMAS CORP : Entry into a Material Definitive Agreement, Financial Statements and Exhibits (form 8-K)

Item 1.01 Entry into a Material Definitive Agreement.

On October 14, 2022, EKIMAS Corporation (the "Company") executed a Demand Promissory Note (the "Note") in favor of GK Partners ApS (the "Lender"), a private company located in Denmark. The Note has a principal amount of $40,000, bears interest at a rate of 3% per annum and matures on June 30, 2023 (the "Maturity Date"). Principal and accrued interest are payable on the Maturity Date or earlier on demand. The Lender advanced $20,000 of the principal amount of the Note on October 14, 2022 and is expected to advance the remaining $20,000 no later than October 21, 2022. The Company plans to use the amounts advanced to pay certain operating expenses.

Item 9.01 Financial Statements and Exhibits

(d) Exhibits.



Exhibit Number   Description
     10.1          Demand Promissory Note, dated October 14, 2022, made by the
                 Company to the Lender.
     104         Cover Page Interactive Data File (embedded within the Inline XBRL
                 document)

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