# EDGAR Filing Document

**Accession Number:** 0001803977
**File Stem:** 0001641172-25-015047
**Filing Date:** 2025-6
**Character Count:** 26038
**Document Hash:** 5199c9cac0e61622792199d651ebcde9
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001641172-25-015047.hdr.sgml**: 20250613

**ACCESSION NUMBER**: 0001641172-25-015047

**CONFORMED SUBMISSION TYPE**: 8-K

**PUBLIC DOCUMENT COUNT**: 14

**CONFORMED PERIOD OF REPORT**: 20250609

**ITEM INFORMATION**: Entry into a Material Definitive Agreement

**ITEM INFORMATION**: Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant

**ITEM INFORMATION**: Financial Statements and Exhibits

**FILED AS OF DATE**: 20250613

**DATE AS OF CHANGE**: 20250613

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Limitless X Holdings Inc.
- **CENTRAL INDEX KEY:** 0001803977
- **STANDARD INDUSTRIAL CLASSIFICATION:** SERVICES-MISCELLANEOUS AMUSEMENT & RECREATION [7990]
- **ORGANIZATION NAME:** 07 Trade & Services
- **EIN:** 811034163
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** 8-K
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 000-56453
- **FILM NUMBER:** 251046080

**BUSINESS ADDRESS:**
- **STREET 1:** 9777 WILSHIRE BLVD.,
- **STREET 2:** SUITE 400,
- **CITY:** BEVERLY HILLS
- **STATE:** CA
- **ZIP:** 90212
- **BUSINESS PHONE:** 720-273-0433

**MAIL ADDRESS:**
- **STREET 1:** 9777 WILSHIRE BLVD.,
- **STREET 2:** SUITE 400,
- **CITY:** BEVERLY HILLS
- **STATE:** CA
- **ZIP:** 90212

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** BIO LAB NATURALS, INC.
- **DATE OF NAME CHANGE:** 20200219

?xml version='1.0' encoding='ASCII'?

**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**

June 9, 2025

Date of Report (Date of earliest event reported)

**<u>LIMITLESS X HOLDINGS INC.</u>**

(Exact name of registrant as specified in its charter)

---

| | | |
|:---|:---|:---|
| **Delaware** | **000-56453** | **81-1034163** |
| (State or other jurisdiction<br> of incorporation) | (Commission<br> File Number) | (IRS Employer<br> Identification No.) |

---

---

| | |
|:---|:---|
| **9454 Wilshire Blvd., #400**<br>**Beverly Hills, CA** | **90212** |
| (Address of principal executive offices) | (Zip Code) |

---

**<u>(855) 413-7030</u>**

Registrant's telephone number, including area code

Check the appropriate box below if the Form 8-K 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))

Securities registered pursuant to Section 12(b) of the Act:

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| | | |
|:---|:---|:---|
| **Title of each class** | **Trading Symbol(s)** | **Name of each exchange on which registered** |
| N/A | N./A | N/A |

---

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

Emerging Growth Company ☒

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

**Item 1.01 Entry into a Material Agreement.**

*$25,000 Promissory Note and Amendment*

 

Effective as of June 9, 2025, EM1 Capital LLC ("EM1"), an entity controlled by Jaspreet Mathur, Chief Executive Officer, Chairman, and a greater than 10% shareholder in Limitless X Holdings Inc. (the "Company"), entered into a promissory note with the Company (together with the Amendment (as defined herein) "Promissory Note 1") in the amount of $25,000.00 plus accrued interest at the agreed upon rate of 15% fixed equaling the total sum of $28,750 (the "P1 Full Balance"). The Company is to use the funds received under Promissory Note 1 to pay its auditing fees. The Company will pay EM1 the P1 Full Balance on or before the Maturity Date (defined herein below). The maturity date of the Promissory Note 1 is (i) December 9, 2025 or (ii) the date on which the Company secures funding of at least $1 million in an offering, whichever comes first (the "Maturity Date").

Promissory Note 1 provides that, following "Events of Default" (as defined in the Promissory Note 1 attached at <u>Exhibit 10.1</u>), all sums of principal and interest on Promissory Note 1 shall be immediately due and payable. Upon any demand or Event of Default, Company shall pay to EM1 all costs and expenses of collection, including, without limitation, reasonable attorneys' fees and legal costs incurred or paid by EM1 on account of such collection, whether or not suit is instituted, plus default interest on any unpaid amount at a rate of 3% accruing monthly. After acceleration of the indebtedness evidenced by Promissory Note 1, such indebtedness shall continue to bear interest at the rate set forth therein.

Effective June 12, 2025, the Company and EM1 entered into a First Amendment to Promissory Note (the "Amendment"). The effect of the Amendment served to change the governing law provision of Promissory Note 1 from California to Delaware. No other changes, amendments, or modifications were made to Promissory Note 1.

The foregoing is only a summary of the material terms of the Promissory Note 1 and does not purport to be a complete description of the rights and obligations of the parties thereunder. This summary of Promissory Note 1 is qualified in its entirety by reference to the forms of such agreement, which is filed as Exhibit 10.1 this Current Report and incorporated herein by reference.

*$75,000 Promissory Note* 

 

Effective as of June 11, 2025 ("Effective Date"), EM1 entered into a promissory note with the Company ("Promissory Note 2") in the amount of $75,000.00 plus accrued interest at the agreed upon rate of 15% fixed equaling the total sum of $86,250 (the "P2 Full Balance"). As of June 13, 2025, EM1 has advanced $20,000 to the Company. The Company is to use the funds received pursuant to Promissory Note 2 for necessary expenses. The Company will pay EM1 the P2 Full Balance on or before the Maturity Date (defined herein below). The maturity date of Promissory Note 2 is (i) December 11, 2025 or (ii) the date on which the Company secures funding of at least $1 million in an offering, whichever comes first (the "Maturity Date"). Additionally, in consideration for EM1's willingness to enter into Promissory Note 2, the Company shall cause to be issued 15,000 shares of the Company's common to EM1 within two business days after the total Loan Amount is advanced to the Company, between the Effective Date and June 23, 2025, or an otherwise reasonable time as the parties may agree. The issuance of restricted shares of the Company's common under Promissory Note 2 is exempt from registration under Section 4(a)(2) of the Securities Act of 1933 (the "Securities Act"). EM1 is sophisticated and represented in writing that he is an accredited investor and acquired the securities for his own account for investment purposes. A legend will be placed on the stock certificates issued to EM1 stating that the securities are "restricted securities" under Rule 144 of the Securities Act, have not been registered under the Securities Act and cannot be sold or otherwise transferred without registration or an exemption therefrom.

Promissory Note 2 provides that, following "Events of Default" (as defined in Promissory Note 2 attached at <u>Exhibit 10.2</u>), all sums of principal and interest on Promissory Note 2 shall be immediately due and payable. Upon any demand or Event of Default, Company shall pay to EM1 all costs and expenses of collection, including, without limitation, reasonable attorneys' fees and legal costs incurred or paid by EM1 on account of such collection, whether or not suit is instituted, plus default interest on any unpaid amount at a rate of 3% accruing monthly. After acceleration of the indebtedness evidenced by Promissory Note 2, such indebtedness shall continue to bear interest at the rate set forth therein.

The foregoing is only a summary of the material terms of Promissory Note 2 and does not purport to be a complete description of the rights and obligations of the parties thereunder. This summary of Promissory Note 2 is qualified in its entirety by reference to the forms of such agreement, which is filed as Exhibit 10.2 this Current Report and incorporated herein by reference.

**Item 2.03 Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant.**

To the extent required by Item 2.03 of Form 8-K, the information contained in Item 1.01 of this Current Report on Form 8-K is incorporated herein by reference.

**Item 9.01 Financial Statements and Exhibits.**

---

| | |
|:---|:---|
| (d) | Exhibits |
| 10.1 | [Promissory Note dated June 9, 2025 between the Company and EM1 Capital LLC (Promissory Note 1 including the Amendment)](ex10-1.htm) |
| 10.2 | [Promissory Note dated June 11, 2025 between the Company and EM1 Capital LLC (Promissory Note 2)](ex10-2.htm) |
| 104 | Cover Page Interactive Data File (embedded within the Inline XBRL document) |

---

**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.

---

| | | | |
|:---|:---|:---|:---|
| | | **LIMITLESS X HOLDINGS INC.** | **LIMITLESS X HOLDINGS INC.** |
| Date: | June 13, 2025 | By: | */s/ Jaspreet Mathur* |
|  |  | Name: | Jaspreet Mathur |
|  |  | Title: | Chief Executive Officer |

---

## Exhibit 10.1

**Exhibit 10.1**

**PROMISSORY NOTE**

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| | |
|:---|:---|
| **$25000.00** | Los Angeles, California |
| Maturity Date: December 9, 2025 | Effective Date: June 9, 2025 |

---

**1**. **LOAN AMOUNT** 

Principal Loan Amount: The sum of $25,000.00 payable in favor of Limitless X Inc. specifically for the auditing expense for the Regulation A Offering Circular and other auditing fees, paid by EM1 Capital LLC directly in full as of the Effective Date hereof.

**2.** **MAKER'S PROMISE TO PAY** 

For value received, Limitless X Inc. (referred to as "Maker"), promises to pay to the order of "EM1 Capital LLC", including its agents, manager, members, successors, and assigns (collectively referred to as the "Holder"), at 9777 Wilshire Blvd., Suite 400, Beverly Hills, CA 90212, or at such other address as the Holder hereof may from time to time in writing designate, at the times specified below, in lawful money of the United States of America, the principal sum of Twenty-Five Thousand and No Cents ($25,000.00) together with interest at the agreed upon rate of 15% fixed equaling the total sum of $3,750. The total due and owing as of December 9, 2025 (the "Maturity Date") will be Twenty-Eight Thousand Seven Hundred Fifty Dollars and No Cents ($28,750.00).

**3.** **PAYMENTS** 

The Maker agrees to pay the total due and owing on the earlier of (i) the Maturity Date, or (ii) the date on which the Maker secures funding of at least $1 million in an offering ("Qualified Financing'). Should Maker receive financing in a Qualified Offering prior to the Maturity Date, this Note and the total due and owing shall then become immediately due and payable at the closing of the Qualified Financing. If the Note is not fully paid in the amount of $28,750 by the Maturity Date then the remaining balance will be due and owing at that time. Failure to pay by the Maturity Date, or missing any daily payment, subject to the cure period set forth in the section below, will be an Event of Default, as set forth in the section below.

**4.** **DEFAULT** 

Upon the occurrence of any of the following "Events of Default", at the option of the Holder, all sums of principal and interest on this Note shall be immediately due and payable, without presentment, protest, notice of protest, notice of nonpayment or dishonor, or other notices or demands of any kind whatsoever, all of which are hereby expressly waived by Maker: (a) failure of Maker to pay any installment when due under this Note, which failure is not cured within seven (7) calendar days from receipt by Maker of a written or verbal notice from Holder; (b) filing by or against the Maker of a petition in bankruptcy or for relief under any bankruptcy or similar laws or for a receiver for Maker or any property thereof; or (c) attachment, seizure, foreclosure or sequestration of or with respect to any property of the Maker.

Upon any demand or Event of Default, Maker shall pay to Holder all costs and expenses of collection, including, without limitation, reasonable attorneys' fees and legal costs incurred or paid by Holder on account of such collection, whether or not suit is instituted, plus default interest on any unpaid amount at a rate of 3% accruing monthly. Failure by the Holder hereof to declare a default shall not constitute a waiver of any subsequent default. Acceptance of payment in arrears shall not waive or affect the right to accelerate this Note.

After acceleration of the indebtedness evidenced by this Note, such indebtedness shall continue to bear interest at the rate set forth herein. All remedies of Holder under this Note are cumulative and in addition to any other remedies provided for by law or in equity, and may otherwise to the extent permitted by law, be exercised separately and the exercise of any one remedy shall not be deemed to be an election of such remedy only, to the exclusion of all others.

**4.** **NOTICE** 

Any notice, demand or other communication under this Note shall be in writing and shall be deemed to have been given on the date of service, if served personally on the party to whom notice is to be given, or upon receipt if mailed to the party to whom notice is to be given, by first class mail, registered, return receipt requested, postage prepaid and addressed to the address above or such other address the Parties may designate in writing hereafter. Holder or Maker may change its address for purposes of this paragraph by giving the other party written notice of the new address in the manner set forth in this paragraph.

**5.** **MISCELLANEOUS PROVISIONS** 

Time is of the essence of all of the obligations of Maker under this Note.

This Note will be considered to have been executed and delivered, and to be performed in Los Angeles County, California for all purposes including jurisdiction and venue of any proceedings to enforce the Agreement. Each Party waives any argument based on forum non conveniens or similar provisions of law relating to the place of trial. This Note shall be interpreted under California law, without regard to California law regarding choice of law or conflicts of laws.

The undersigned expressly agrees that this Note or any payment under this Note may be extended by the Holder from time to time without in any way affecting the liability of the undersigned hereunder.

If any provision or any word, term, clause, or part of any provision of this Note shall be invalid for any reason, the same shall be ineffective, but the remainder of this Note and of the provision shall not be affected and shall remain in full force and effect. To the extent that any term of this Note conflicts with any law, the conflicting term shall be limited only to the extent necessary to comply with said law.

Any of the terms or conditions of this Note may be waived by the Holder in writing, but no such waiver shall affect or impair the rights of the Holder to require observance, performance, or satisfaction, either of that term or condition as it applies on a subsequent occasion or of any other term or condition of this Note.

This Note shall be binding upon and inure to the benefit of the respective heirs, executors, administrators, and successors in interest of the parties hereto. Maker may not assign the obligations created herein. Holder may assign this Note.

No modification, amendment, or waiver of any provisions of this Note shall be binding upon any party unless made in writing and signed by that party or by a duly authorized officer or agent that that party. Each party has had the opportunity to consult and/or has consulted with legal counsel prior to executing this Note.

Maker may prepay principal at any time, and from time to time, without penalty.

---

| | | | |
|:---|:---|:---|:---|
| Holder: | Holder: | Maker: | Maker: |
| By: | */s/ Jaspreet Mathur* | */s/ Danielle Young* | */s/ Danielle Young* |
|  | EM1 Capital LLC |  | Limitless X Inc. |
| By: | Jaspreet Mathur, Manager | By: | Danielle Young, Chief Operating Officer |

---

**FIRST AMENDMENT TO PROMISSORY NOTE**

This First Amendment (this "Amendment") dated June 12, 2025 is made as to that certain original Promissory Note dated June 9, 2025 by and between Limitless X Holdings Inc. and EM1 Capital LLC (the "Agreement" including any amendments thereto). The Agreement is amended as follows:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i)  **<u>Heading</u>** :
 The heading of the Agreement shall be replaced in its entirety with:

**PROMISSORY NOTE**

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| | |
|:---|:---|
| **$25000.00** | Wilmington, Delaware |
| Maturity Date: December 9, 2025 | Effective Date: June 9, 2025 |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ii)  **<u>5. MISCELLANEOUS PROVISIONS</u>** : The second paragraph of Section 5 of the Agreement shall be replaced in its entirety with:

This Note will be considered to have been executed and delivered, and to be performed in Wilmington, Delaware for all purposes including jurisdiction and venue of any proceedings to enforce the Agreement. Each Party waives any argument based on forum non conveniens or similar provisions of law relating to the place of trial. This Note shall be interpreted under Delaware law, without regard to Delaware law regarding choice of law or conflicts of laws.

**IN WITNESS WHEREOF**, this Amendment is executed as of the date first written above.

---

| | |
|:---|:---|
| **LIMITLESS X HOLDINGS INC.** | **EM1 CAPITAL LLC** |
| */s/ Danille Young* | */s/ Jaspreet Mathur* |
| Danielle Young, Authorized Officer | Jaspreet Mathur, Authorized Officer |

---

## Exhibit 10.2

**Exhibit 10.2**

**PROMISSORY NOTE**

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| | |
|:---|:---|
| $75000.00 | Wilmington, Delaware |
| Maturity Date: Six Months (or on funding) | Effective Date: June 11, 2025 |

---

1. LOAN AMOUNT

Principal Loan Amount: The sum of $75,000 ("Loan Amount" or "Loan") payable in favor of Limitless X Holdings Inc. (the "Maker"), specifically used for necessary expenses, will be paid by EM1 Capital LLC in full between the Effective Date and June 23, 2025, to be further documented in Maker's books and records.

2. MAKER'S PROMISE TO PAY

For value received, the Maker, promises to pay to the order of "EM1 Capital LLC", including its agents, managers, members, successors, and assigns (collectively referred to as the "Holder"), at 30 N. Gould St., Suite 27689, Sheridan, WY 82801, or at such other address as the Holder hereof may from time to time in writing designate, at the times specified below, in lawful money of the United States of America, the principal sum of Seventy-Five Thousand Dollars ($75,000) together with interest at the agreed rate of 15% fixed, totaling $11,250 in interest, equaling the total sum ("Total Balance") of Eighty-Six Thousand Two Hundred Fifty Dollars ($86,250). The Maker agrees to pay the Total Balance on the earlier of (i) December 11, 2025, or (ii) the date on which the Maker secures funding of at least $1 million in an offering ("Qualified Financing"), whichever comes first ("Maturity Date").

3. PAYMENTS

Maker will pay to Holder the Total Balance, which includes principal and interest, on or before the Maturity Date. Should Maker receive financing in a Qualified Offering prior to December 11, 2025, this Note and the Total Balance shall then become immediately due and payable at the closing of the Qualified Financing.

4. ADDITIONAL CONSIDERATION - ISSUANCE OF EQUITY

In consideration for the Holder's willingness to provide the Loan, and the Maker's need to pay certain necessary expenses, the Maker shall cause to be issued an aggregate of Fifteen Thousand (15,000) shares of the Maker's common stock to the Holder, within two business days after the total Loan Amount is paid by Holder, i.e. between The Effective Date and June 23, 2025, or an otherwise reasonable time as the Parties may decide. These shares will be restricted securities under Rule 144 of the Securities Act of 1933, as amended ("Securities Act") and subject to all restrictions on transfer under the Securities Act.

5. DEFAULT

Upon the occurrence of any of the following "Events of Default", at the option of the Holder, all sums of principal and interest on this Note shall be immediately due and payable, without presentment, protest, notice of protest, notice of nonpayment or dishonor, or other notices or demands of any kind whatsoever, all of which are hereby expressly waived by Maker: (a) failure of Maker to pay any installment when due under this Note, which failure is not cured within seven (7) calendar days from receipt by Maker of a written or verbal notice from Holder, including via email; (b) filing by or against the Maker of a petition in bankruptcy or for relief under any bankruptcy or similar laws or for a receiver for Maker or any property thereof; or (c) attachment, seizure, foreclosure or sequestration of or with respect to any property of the Maker.

Upon any demand or Event of Default, Maker shall pay to Holder all costs and expenses of collection, including, without limitation, reasonable attorneys' fees and legal costs incurred or paid by Holder on account of such collection, whether or not suit is instituted, plus default interest on any unpaid amount at a rate of 3% accruing monthly.

Failure by the Holder hereof to declare a default shall not constitute a waiver of any subsequent default. Acceptance of payment in arrears shall not waive or affect the right to accelerate this Note. After acceleration of the indebtedness evidenced by this Note, such indebtedness shall continue to bear interest at the rate set forth herein. All remedies of Holder under this Note are cumulative and in addition to any other remedies provided for by law or in equity, and may otherwise to the extent permitted by law, be exercised separately and the exercise of any one remedy shall not be deemed to be an election of such remedy only, to the exclusion of all others.

6. NOTICE

Any notice, demand or other communication under this Note shall be in writing and shall be deemed to have been given on the date of service, if served personally on the party to whom notice is to be given, or upon receipt if mailed to the party to whom notice is to be given, by first class mail, registered, return receipt requested, postage prepaid and addressed to the address above or such other address the Parties may designate in writing hereafter. Holder or Maker may change its address for purposes of this paragraph by giving the other party written notice of the new address in the manner set forth in this paragraph.

7. MISCELLANEOUS PROVISIONS

Time is of the essence with respect to all of the obligations of Maker under this Note. This Note will be considered to have been executed and delivered, and to be performed in New Castle County, Delaware for all purposes including jurisdiction and venue of any proceedings to enforce the Agreement. Each Party waives any argument based on forum non conveniens or similar provisions of law relating to the place of trial. This Note shall be interpreted under Delaware law, without regard to Delaware law regarding choice of law or conflicts of laws.

The undersigned expressly agrees that this Note or any payment under this Note may be extended by the Holder from time to time without in any way affecting the liability of the undersigned hereunder.

If any provision or any word, term, clause, or part of any provision of this Note shall be invalid for any reason, the same shall be ineffective, but the remainder of this Note and of the provision shall not be affected and shall remain in full force and effect. To the extent that any term of this Note conflicts with any law, the conflicting term shall be limited only to the extent necessary to comply with said law.

Any of the terms or conditions of this Note may be waived by the Holder in writing, but no such waiver shall affect or impair the rights of the Holder to require observance, performance, or satisfaction, either of that term or condition as it applies on a subsequent occasion or of any other term or condition of this Note.

This Note shall be binding upon and inure to the benefit of the respective heirs, executors, administrators, and successors in interest of the parties hereto. Maker may not assign the obligations created herein. Holder may assign this Note.

No modification, amendment, or waiver of any provisions of this Note shall be binding upon any party unless made in writing and signed by that party or by a duly authorized officer or agent that that party. Each party has had the opportunity to consult and/or has consulted with legal counsel prior to executing this Note.

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| | | | |
|:---|:---|:---|:---|
| Holder: | Holder: | Maker: | Maker: |
| */s/ Jaspreet Mathur* | */s/ Jaspreet Mathur* | */s/ Danielle Young* | */s/ Danielle Young* |
|  | EM1 Capital LLC |  | Limitless X Inc. |
| By: | Jaspreet Mathur | By: | Danielle Young, Chief Operating Officer |

---