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): March 21, 2017

ACTIVECARE, INC.
(Exact name of registrant as specified in its charter)


Delaware
 
000-53570
 
87-0578125
 
(State or other jurisdiction
of incorporation)
 
(Commission File Number)
 
(IRS Employer
Identification No.)

 
1365 Business Park Drive, #100
Orem, Utah 84058
 
 
(Address of Principal Executive Offices)
 

(877) 219-6050
Registrant's telephone number, including area code
  
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 

ActiveCare, Inc., a Delaware corporation (the "Company") entered into a Loan Agreement (the "Loan Agreement") with Jeff Greene ("Greene") on March 21, 2017.  Pursuant to the terms of the Loan Agreement, Greene loaned the Company $300,000 (the "Loan"). The Loan is unsecured. The Loan (i) bears interest at the rate of 12.75% per annum, (ii) matures on  June 15, 2017 (the "Maturity Date"), (iii) requires payment of a $3,000 closing fee, (iv) is subordinated to the Partners for Growth term loan and line of credit, and (v) requires payment of a fee of $50,000 on the Maturity Date.

The above description of the Loan Agreement does not purport to be complete and is qualified in its entirety by the full text of such document, which is attached as Exhibit 10.1 to this Current Report on form 8-K and incorporated by reference herein.
 
Item 2.03 Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant
 
The information set forth in Item 1.01 of this Current Report on Form 8-K is incorporated by reference into this Item 2.03.

Item 9.01 Financial Statements and Exhibits.

(c) Exhibits
 
Exhibit No.
 
 
 
Description
 
10.1*
 
Loan Agreement
 
       
 *filed herewith





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.


ACTIVECARE, INC.
 
Date: March 23, 2017
By:
/s/ Jeffrey Peterson
 
 
 
Jeffrey Peterson
 
 
 
Chief Executive Officer