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<DIV style=margin-left:72pt;width:468pt><P align=center style='font:10pt Times New Roman;margin-top:2.25pt;margin-bottom:0pt'><FONT style=font-size:10pt><B>UNITED STATES</B></FONT></P>
<P align=center style='font:10pt Times New Roman;margin:0'><FONT style=font-size:10pt><B>SECURITIES AND EXCHANGE COMMISSION </B></FONT></P>
<P align=center style='font:10pt Times New Roman;margin:0'><FONT style=font-size:10pt><B>Washington, D.C. 20549 </B></FONT></P>
<P style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
<P align=center style='font:10pt Times New Roman;margin-top:0pt;margin-bottom:1.5pt'><FONT style=font-size:10pt>&#160;</FONT></P>
<P align=center style='font:10pt Times New Roman;margin-top:4.5pt;margin-bottom:0pt'><FONT style=font-size:10pt><B>FORM 8-K </B></FONT></P>
<P style='font:10pt Times New Roman;margin-top:0pt;margin-bottom:1.5pt'>&nbsp;</P>
<P align=center style='font:10pt Times New Roman;margin-top:12pt;margin-bottom:0pt'><FONT style=font-size:10pt><B>CURRENT REPORT</B></FONT></P>
<P align=center style='font:10pt Times New Roman;margin:0'><FONT style=font-size:10pt><B>Pursuant to Section 13 or 15(d)</B></FONT></P>
<P align=center style='font:10pt Times New Roman;margin:0'><FONT style=font-size:10pt><B>Of the Securities Exchange Act of 1934</B></FONT></P>
<P align=center style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
<P align=center style='font:10pt Times New Roman;margin:0'><FONT style=font-size:10pt><B>Date of Report (Date of earliest event reported): May 10, 2019</B></FONT></P>
<P align=center style='font:10pt Times New Roman;margin-top:18pt;margin-bottom:0pt'><FONT style=font-size:10pt><B>MOUNT TAM BIOTECHNOLOGIES, INC. </B></FONT></P>
<P align=center style='font:10pt Times New Roman;margin:0'><FONT style=font-size:10pt><B>(Exact name of registrant as specified in its charter) </B></FONT></P>
<P style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
<TABLE align=center style=border-collapse:collapse;width:100%><TR><TD valign=middle><P style='font:10pt Times New Roman;margin:0'><FONT style=font-size:10pt>&#160;</FONT></P>
</TD><TD valign=bottom><P style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=middle><P style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
</TD></TR>
<TR><TD valign=top><P align=center style='font:10pt Times New Roman;margin:0'><FONT style=font-size:10pt><B>NEVADA</B></FONT></P>
</TD><TD valign=bottom><P align=center style='font:10pt Times New Roman;margin:0'><B>333-192060</B></P>
</TD><TD valign=top><P align=center style='font:10pt Times New Roman;margin:0'><FONT style=font-size:10pt><B>45-3797537</B></FONT></P>
</TD></TR>
<TR style=height:3.7pt><TD valign=middle><P align=center style='font:10pt Times New Roman;margin:0'><FONT style=font-size:10pt><B>(State or other jurisdiction&#160;of</B></FONT></P>
<P align=center style='font:10pt Times New Roman;margin-top:0pt;margin-bottom:0.75pt'><FONT style=font-size:10pt><B>incorporation or organization)</B></FONT></P>
</TD><TD valign=middle><P align=center style='font:10pt Times New Roman;margin:0'><FONT style=font-size:10pt><B>(Commission File Number)</B></FONT></P>
</TD><TD valign=middle><P align=center style='font:10pt Times New Roman;margin:0'><FONT style=font-size:10pt><B>(I.R.S. Employer</B></FONT></P>
<P align=center style='font:10pt Times New Roman;margin-top:0pt;margin-bottom:0.75pt'><FONT style=font-size:10pt><B>Identification Number)</B></FONT></P>
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<P align=center style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
<P align=center style='font:10pt Times New Roman;margin:0'><FONT style='border-bottom:1px solid #000000'><B>106 Main Street #4E</B></FONT></P>
<P align=center style='font:10pt Times New Roman;margin:0'><FONT style='font-size:10pt;border-bottom:1px solid #000000'><B>Burlington, VT 05401</B></FONT><FONT style=font-size:10pt><B> </B></FONT></P>
<P align=center style='font:10pt Times New Roman;margin:0'><FONT style='border-bottom:1px solid #000000'><B>(425) 214-4079</B></FONT></P>
<P align=center style='font:10pt Times New Roman;margin:0'><FONT style=font-size:10pt><B> </B></FONT>&nbsp;</P>
<P align=center style='font:10pt Times New Roman;margin:0'><FONT style=font-size:10pt><B>(Address, including zip code, and telephone number, </B></FONT></P>
<P align=center style='font:10pt Times New Roman;margin:0'><FONT style=font-size:10pt><B>including area code, of registrant&#8217;s principal executive offices) </B></FONT></P>
<P align=center style='font:10pt Times New Roman;margin:0'>&#160;</P>
<P align=center style='font:10pt Times New Roman;margin:0'>N/A</P>
<P align=center style='font:10pt Times New Roman;margin:0'><FONT style=font-size:10pt><B>(Former name or former address, if changed since last report)</B></FONT></P>
<P align=center style='font:10pt Times New Roman;margin:0'>&#160;</P>
<TABLE align=center style='border-collapse:collapse;border:0.5pt solid #000000'><TR><TD valign=top style='width:170.75pt;padding-left:5.4pt;padding-right:5.4pt;border:0.5pt solid #000000'><P align=center style='font:10pt Times New Roman;margin:0'>Title of each class</P>
</TD><TD valign=top style='width:139.5pt;padding-left:5.4pt;padding-right:5.4pt;border:0.5pt solid #000000'><P align=center style='font:10pt Times New Roman;margin:0'>Trading Symbol(s)</P>
</TD><TD valign=top style='width:229.25pt;padding-left:5.4pt;padding-right:5.4pt;border:0.5pt solid #000000'><P align=center style='font:10pt Times New Roman;margin:0'>Principal U.S. Market for Securities</P>
</TD></TR>
<TR><TD valign=top style='width:170.75pt;padding-left:5.4pt;padding-right:5.4pt;border:0.5pt solid #000000'><P align=center style='font:10pt Times New Roman;margin:0'>Common Stock, $0.0001 par value</P>
</TD><TD valign=top style='width:139.5pt;padding-left:5.4pt;padding-right:5.4pt;border:0.5pt solid #000000'><P align=center style='font:10pt Times New Roman;margin:0'>MNTM</P>
</TD><TD valign=top style='width:229.25pt;padding-left:5.4pt;padding-right:5.4pt;border:0.5pt solid #000000'><P align=center style='font:10pt Times New Roman;margin:0'>OTCPINK</P>
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<P style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
<P style='font:10pt Times New Roman;margin:0'>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:</P>
<P style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
<TABLE align=center style=border-collapse:collapse;width:100%><TR><TD valign=top><P style='font:10pt Times New Roman;margin:0'><FONT style=font-family:Wingdings>&#168;</FONT></P>
</TD><TD valign=top><P style='font:10pt Times New Roman;margin:0'>Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)</P>
</TD></TR>
</TABLE>
<P style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
<TABLE align=center style=border-collapse:collapse;width:100%><TR><TD valign=top><P style='font:10pt Times New Roman;margin:0'><FONT style=font-family:Wingdings>&#168;</FONT></P>
</TD><TD valign=top><P style='font:10pt Times New Roman;margin:0'>Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)</P>
</TD></TR>
</TABLE>
<P style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
<TABLE align=center style=border-collapse:collapse;width:100%><TR><TD valign=top><P style='font:10pt Times New Roman;margin:0'><FONT style=font-family:Wingdings>&#168;</FONT></P>
</TD><TD valign=top><P style='font:10pt Times New Roman;margin:0'>Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))</P>
</TD></TR>
</TABLE>
<P style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
<TABLE align=center style=border-collapse:collapse;width:100%><TR><TD valign=top><P style='font:10pt Times New Roman;margin:0'><FONT style=font-family:Wingdings>&#168;</FONT></P>
</TD><TD valign=top><P style='font:10pt Times New Roman;margin:0'>Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))</P>
</TD></TR>
</TABLE>
<P style='font:10pt Times New Roman;margin-top:0pt;margin-bottom:10pt;background-color:#FFFFFF'>&nbsp;</P>
<P style='font:10pt inherit;margin-top:0pt;margin-bottom:10pt;color:#212121;background-color:#FFFFFF'><FONT style='font-family:Times New Roman;color:#000000'>&#160;</FONT><FONT style='font-family:Times New Roman'>Indicate by check mark whether the registrant is an emerging growth company as defined in as defined in Rule 405 of the Securities Act of 1933 (&#167;230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (&#167;240.12b-2 of this chapter).</FONT></P>
<HR style='page-break-after:always;border:0;height:3.75pt;background-color:#919191;margin:15pt 0'><P style=line-height:0;margin:0></P>
<P style='font:10pt inherit;margin:0;color:#212121;background-color:#FFFFFF'><FONT style='font-family:Times New Roman;color:#000000'>Emerging growth company &nbsp;&nbsp;&#9744;</FONT></P>
<P style='font:10pt inherit;margin:0;color:#212121;background-color:#FFFFFF'>&nbsp;</P>
<P style='font:10pt Times New Roman;margin:0;color:#212121;background-color:#FFFFFF'>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.&#160;&#160;&#9744;</P>
<P style='font:10pt Times New Roman;margin:0'>&#160; </P>
<HR style='page-break-after:always;border:0;height:3.75pt;background-color:#919191;margin:15pt 0'><P style=line-height:0;margin:0></P>
<P style='font:10pt Times New Roman;margin:0;color:#000000'>&nbsp;</P>
<P align=justify style='font:10pt Times New Roman;margin:0;color:#212121;background-color:#FFFFFF'><FONT style=background-color:#FFFFFF><B>Item 1.01 &nbsp;&nbsp;Entry into a Material Definitive Agreement.</B></FONT></P>
<P align=justify style='font:10pt Times New Roman;margin:0;color:#212121;background-color:#FFFFFF'><FONT style=background-color:#FFFFFF><B>Item 1.02 &nbsp;&nbsp;Termination of a Material Definitive Agreement.</B></FONT></P>
<P style='font:10pt Times New Roman;margin:0;color:#212121;background-color:#FFFFFF'><FONT style=background-color:#FFFFFF><B>Item 2.03 &nbsp;&nbsp;Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet </B></FONT></P>
<P style='font:10pt Times New Roman;margin:0;color:#212121;background-color:#FFFFFF'><FONT style=background-color:#FFFFFF><B> &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Arrangement of a Registrant.</B></FONT></P>
<P align=justify style='font:10pt Times New Roman;margin:0;color:#212121;background-color:#FFFFFF'>&nbsp;</P>
<P align=justify style='font:10pt Times New Roman;margin:0;color:#212121;background-color:#FFFFFF'><FONT style=background-color:#FFFFFF><I>Line of Credit Agreement with Fromar Investments, LP</I></FONT></P>
<P align=justify style='font:10pt Times New Roman;margin:0;color:#212121;background-color:#FFFFFF'>&nbsp;</P>
<P align=justify style='font:10pt Times New Roman;margin:0;color:#212121;background-color:#FFFFFF'><KBD style=margin-left:36pt></KBD><FONT style=background-color:#FFFFFF>On May 10, 2019, Mount Tam Biotechnologies, Inc., a Nevada corporation (the &#8220;Company&#8221;) and Fromar Investments, LP (&#8220;Fromar&#8221;) entered into an arrangement whereby Fromar will lend the Company up to a maximum of $1,750,000 pursuant to the terms of a Line of Credit Agreement (the &#8220;Fromar LOC&#8221;) and a promissory note (the &#8220;Fromar Note&#8221;). The arrangement evidenced by the Fromar LOC and the Fromar Note is referred to herein as the &#8220;Fromar Loan&#8221;. By agreement of the parties, the Fromar Loan is effective as of May 1, 2019. The Fromar Loan is a non-revolving line of credit and amounts borrowed and then repaid may not be re-borrowed. The principal amounts advanced to the Company under the Fromar Loan bear interest at a fixed annual rate of eight percent (8.00%). The Fromar Loan has a maturity date of August 30, 2019, at which time all amounts advanced under the Fromar Loan, together with all accrued but unpaid interest thereon, are due and payable.</FONT>&nbsp;</P>
<P align=justify style='font:10pt Times New Roman;margin:0;color:#212121;background-color:#FFFFFF'>&nbsp;</P>
<P align=justify style='font:10pt Times New Roman;margin:0;color:#000000;background-color:#FFFFFF'><KBD style=margin-left:36pt></KBD><FONT style=color:#212121;background-color:#FFFFFF>The Fromar Loan is secured </FONT>by that certain Security Agreement dated effective May 1, 2019 between the Company and Fromar (the &#8220;Fromar Security Agreement&#8221;) pursuant to which the Company and Fromar agreed that all amounts, liabilities and obligations owed by the Company to Fromar are secured by a security interest in all assets of the Company on the terms and conditions set forth in the Fromar Security Agreement (the &#8220;Fromar Security Interest&#8221;).&#160; The Fromar Security Interest is subject to certain permitted security interests, specifically including the CC3I Security Interest (as defined below).&nbsp;</P>
<P align=justify style='font:10pt Times New Roman;margin:0;color:#000000;background-color:#FFFFFF'>&nbsp;</P>
<P align=justify style='font:10pt Times New Roman;margin:0;color:#212121;background-color:#FFFFFF'><KBD style=margin-left:36pt></KBD><FONT style=background-color:#FFFFFF>By way of background, on or about June 14, 2016, the Company and 0851229 BC Ltd. (&#8220;BC&#8221;), an affiliate of Fromar, entered into that certain Amended and Restated Secured Convertible Promissory Note, which has been amended or otherwise modified on several different occasions (the &#8220;BC Note&#8221;) and a related security agreement securing the Company&#8217;s obligations under the BC Note, as previously disclosed on the Company&#8217;s Current Report on Form 8-K filed with the Commission on June 15, 2016. Further, on or about April 6, 2018, the Company and Fromar entered into that certain Convertible Promissory Note which has been amended or modified on several different occasions (the &#8220;2018 Fromar Note&#8221;) and a related security agreement securing the Company&#8217;s obligations under the 2018 Fromar Note, as previously disclosed on the Company&#8217;s Current Report on Form 8-K filed with the Commission on April 12, 2018. Further, on or about March 4, 2019, the Company and Fromar entered into that certain Promissory Note in the principal amount of $80,000 (the &#8220;2019 Fromar Note&#8221;). The BC Note, the 2018 Fromar Note and the 2019 Fromar Note shall be referred to collectively herein as the &#8220;Prior Fromar Notes&#8221;. The Company is required to use the amounts advanced under the Fromar Loan to pay off the Prior Fromar Notes, as well as for general business purposes. &nbsp;By virtue of the payment in full of the Prior Fromar Notes with funds advanced under the Fromar Loan, the Prior Fromar Notes and their related security agreements have been terminated effective as of May 1, 2019 with no early termination penalties incurred by the Company as a result.</FONT>&nbsp;</P>
<P align=justify style='font:10pt Times New Roman;margin:0;color:#212121;background-color:#FFFFFF'>&nbsp;</P>
<P align=justify style='font:10pt Times New Roman;margin:0;color:#212121;background-color:#FFFFFF'><FONT style=background-color:#FFFFFF><I>Line of Credit Agreement with Climate Change Investigation, Innovation and Investment Company, LLC</I></FONT></P>
<P align=justify style='font:10pt Times New Roman;margin:0;color:#212121;background-color:#FFFFFF'>&nbsp;</P>
<P align=justify style='font:10pt Times New Roman;margin:0;text-indent:36pt;color:#000000;background-color:#FFFFFF'><FONT style=color:#212121;background-color:#FFFFFF>Also on May 10, 2019, the Company and </FONT><A name=co_internalToc_RFD_1 /><FONT style=color:#212121;background-color:#FFFFFF>Climate Change Investigation, Innovation and Investment Company, LLC, a California limited liability company (&#8220;CC3I&#8221;) entered into an arrangement whereby CC3I will lend the Company up to a maximum of $350,000 pursuant to the terms of a Line of Credit Agreement (the &#8220;CC3I LOC&#8221;) and a promissory note (the &#8220;CC3I Note&#8221;). The arrangement evidenced by the CC3I LOC and the CC3I Note is referred to herein as the &#8220;CC3I Loan&#8221;. By agreement of the parties, the CC3I Loan is effective as of May 1, 2019. The CC3I Loan is a non-revolving line of credit and amounts borrowed and then repaid may not be re-borrowed. The principal amounts advanced to the Company under the CC3I Loan bear interest at a fixed annual rate of eight percent (8.00%). The CC3I Loan has a maturity date of August 30, 2019, at which time all amounts advanced under the CC3I Loan, together with all accrued but unpaid interest thereon, are due and payable. </FONT>The Manager of CC3I, James Farrell, is a director and shareholder of the Company. &nbsp;Pursuant to the requirements of the Nevada Revised Statutes, the disinterested members of the Company&#8217;s board of directors approved the transaction with CC3I.</P>
<P align=justify style='font:10pt Times New Roman;margin:0;text-indent:36pt;color:#000000;background-color:#FFFFFF'>&nbsp;</P>
<P align=justify style='font:10pt Times New Roman;margin:0;text-indent:36pt;color:#000000;background-color:#FFFFFF'><FONT style=color:#212121;background-color:#FFFFFF>The CC3I Loan is secured </FONT>by that certain Security Agreement dated effective May 1, 2019 between the Company and CC3I (the &#8220;CC3I Security Agreement&#8221;) pursuant to which the Company and CC3I agreed that all </P>
<HR style='page-break-after:always;border:0;height:3.75pt;background-color:#919191;margin:15pt 0'><P style=line-height:0;margin:0></P>
<P align=justify style='font:10pt Times New Roman;margin:0;color:#000000;background-color:#FFFFFF'>amounts, liabilities and obligations owed by the Company to CC3I are secured by a security interest in all assets of the Company on the terms and conditions set forth in the CC3I Security Agreement (the &#8220;CC3I Security Interest&#8221;).&#160; The CC3I Security Interest is subject to certain permitted security interests, specifically including the Fromar Security Interest.</P>
<P align=justify style='font:10pt Times New Roman;margin:0;text-indent:36pt;color:#000000;background-color:#FFFFFF'>&nbsp;</P>
<P align=justify style='font:10pt Times New Roman;margin:0;text-indent:36pt;color:#212121;background-color:#FFFFFF'><FONT style=background-color:#FFFFFF>By way of background, on or about September 20, 2018, the Company and CC3I entered into that certain Convertible Promissory Note (the &#8220;2018 CC3I Note&#8221;) and a related security agreement securing the Company&#8217;s obligations under the 2018 CC3I Note, as previously disclosed on the Company&#8217;s Current Report on Form 8-K filed with the Commission on September 26, 2018. Further, on or about March 4, 2019, the Company and CC3I entered into that certain Convertible Promissory Note (the &#8220;2019 CC3I Note&#8221;) and a related security agreement securing the Company&#8217;s obligations under the 2019 CC3I Note, as previously disclosed on the Company&#8217;s Current Report on Form 8-K filed with the Commission on March 7, 2019. The 2018 CC3I Note and the 2019 CC3I Note shall be referred to collectively herein as the &#8220;Prior CC3I Notes&#8221;. The Company is required to use the amounts advanced under the CC3I Loan to pay off the Prior CC3I Notes, as well as for general business purposes. &nbsp;By virtue of the payment in full of the Prior CC3I Notes with funds advanced under the CC3I Loan, the Prior CC3I Notes and their related security agreements have been terminated effective May 1, 2019 with no early termination penalties incurred by the Company as a result.</FONT></P>
<P align=justify style='font:10pt Times New Roman;margin:0;color:#212121;background-color:#FFFFFF'>&nbsp;</P>
<P align=justify style='font:10pt Times New Roman;margin:0;color:#212121;background-color:#FFFFFF'><FONT style=background-color:#FFFFFF><I>Intercreditor Agreement</I></FONT></P>
<P align=justify style='font:10pt Times New Roman;margin:0;text-indent:36pt;color:#212121;background-color:#FFFFFF'>&nbsp;</P>
<P align=justify style='font:10pt Times New Roman;margin:0;text-indent:36pt;color:#000000;background-color:#FFFFFF'>In addition to the foregoing, on May 10, 2019 the Company entered into an Intercreditor Agreement with Fromar and CC3I (collectively, the &#8220;Creditors&#8221;), with an effective date of May 1, 2019 (the &#8220;2019 Intercreditor Agreement&#8221;), whereby the Fromar Security Interest and the CC3I Security Interest shall each rank <I>pari passu </I>with each other. Further, the Creditors each agreed to jointly exercise their respective rights under their respective security interests, and to jointly share in the amount realized from exercising such rights under their respective security interests in proportion to the amount of their respective debt with respect to which a default has occurred to the total debt of each of the Creditors with respect to which a default has occurred.</P>
<P align=justify style='font:10pt Times New Roman;margin:0;text-indent:36pt;color:#000000;background-color:#FFFFFF'>&nbsp;</P>
<P align=justify style='font:10pt Times New Roman;margin:0;text-indent:36pt;color:#212121;background-color:#FFFFFF'><FONT style=color:#000000>By way of background, the Company previously entered into an intercreditor agreement with Fromar, BC and CC3I with an effective date of September 18, 2018, as previously disclosed on the Company&#8217;s Current Report on Form 8-K filed with the Commission on September 26, 2018 (the &#8220;2018 Intercreditor Agreement&#8221;) which was subsequently amended to account for the addition of the 2019 CC3I Note. Effective May 1, 2019, the 2018 Intercreditor Agreement was terminated by agreement of the parties thereto </FONT><FONT style=background-color:#FFFFFF>with no early termination penalties incurred by the Company as a result</FONT><FONT style=color:#000000>. </FONT></P>
<P align=justify style='font:10pt Times New Roman;margin:0;text-indent:36pt;color:#212121;background-color:#FFFFFF'>&nbsp;</P>
<P align=justify style='font:10pt Times New Roman;margin:0;text-indent:36pt;color:#212121;background-color:#FFFFFF'><FONT style=background-color:#FFFFFF>The foregoing descriptions of the Fromar LOC, the Fromar Note, the Fromar Security Agreement, the CC3I LOC, CC3I Note, the CC3I Security Agreement and the 2019 Intercreditor Agreement do not purport to be complete and are qualified in their entirety by the terms and conditions of the agreements themselves. Copies of  the Fromar LOC, the Fromar Note, the Fromar Security Agreement, the CC3I LOC, CC3I Note, the CC3I Security Agreement and the 2019 Intercreditor Agreement are attached to this Current Report on Form&#160;8-K as Exhibits 10.1, 10.2, 10.3, 10.4, 10.5, 10.6, and 10.7, respectively, and each is incorporated herein by reference.&#160;</FONT></P>
<P align=justify style='font:10pt Times New Roman;margin:0;color:#212121;background-color:#FFFFFF'>&nbsp;</P>
<P align=justify style='font:10pt Times New Roman;margin:0;color:#212121;background-color:#FFFFFF'><FONT style=background-color:#FFFFFF><B>Item 9.01 Financial Statements and Exhibits.</B></FONT></P>
<P align=justify style='font:10pt Times New Roman;margin:0;color:#212121;background-color:#FFFFFF'><A name=co_internalToc_EXL_1 /><FONT style=background-color:#FFFFFF><B>&#160;</B></FONT></P>
<P align=justify style='font:10pt Times New Roman;margin:0;color:#212121;background-color:#FFFFFF'><FONT style=background-color:#FFFFFF>(d) Exhibits</FONT></P>
<P align=justify style='font:10pt Times New Roman;margin:0;color:#212121;background-color:#FFFFFF'>&nbsp;</P>
<TABLE align=center style=border-collapse:collapse;margin-left:4.65pt><TR style=height:10.8pt><TD valign=middle style='width:63pt;padding-top:1.8pt;padding-right:1.8pt;border-bottom:0.5pt solid #000000'><P align=justify style='font:10pt Times New Roman;margin:0;color:#212121;background-color:#FFFFFF'><FONT style=background-color:#FFFFFF>Exhibit No.</FONT></P>
</TD><TD valign=middle style=width:29pt;padding-top:1.8pt;padding-right:1.8pt><P align=justify style='font:10pt Times New Roman;margin:0;color:#212121;background-color:#FFFFFF'><FONT style=background-color:#FFFFFF>&#160;</FONT></P>
</TD><TD valign=middle style='width:305pt;padding-top:1.8pt;padding-right:1.8pt;border-bottom:0.5pt solid #000000'><P align=justify style='font:10pt Times New Roman;margin:0;color:#212121;background-color:#FFFFFF'><FONT style=background-color:#FFFFFF>Description</FONT></P>
</TD></TR>
<TR style=height:10.8pt><TD valign=middle style=width:63pt;padding-top:1.8pt;padding-right:1.8pt><P align=justify style='font:10pt Times New Roman;margin:0;color:#212121;background-color:#FFFFFF'><FONT style=background-color:#FFFFFF>10.1</FONT></P>
</TD><TD valign=middle style=width:29pt;padding-top:1.8pt;padding-right:1.8pt><P align=justify style='font:10pt Times New Roman;margin:0;color:#212121;background-color:#FFFFFF'><FONT style=background-color:#FFFFFF>&#160;</FONT></P>
</TD><TD valign=middle style=width:305pt;padding-top:1.8pt;padding-right:1.8pt><P align=justify style='font:10pt Times New Roman;margin:0;color:#212121;background-color:#FFFFFF'><A href=mntm_ex10z1.htm style=text-decoration:none><FONT style='color:#0000FF;background-color:#FFFFFF;border-bottom:1px solid #0000FF'>Fromar LOC</FONT></A></P>
</TD></TR>
<TR style=height:10.8pt><TD valign=middle style=width:63pt;padding-top:1.8pt;padding-right:1.8pt><P align=justify style='font:10pt Times New Roman;margin:0;color:#212121;background-color:#FFFFFF'><FONT style=background-color:#FFFFFF>10.2</FONT></P>
</TD><TD valign=middle style=width:29pt;padding-top:1.8pt;padding-right:1.8pt><P align=justify style='font:10pt Times New Roman;margin:0;color:#212121;background-color:#FFFFFF'>&nbsp;</P>
</TD><TD valign=middle style=width:305pt;padding-top:1.8pt;padding-right:1.8pt><P align=justify style='font:10pt Times New Roman;margin:0;color:#212121;background-color:#FFFFFF'><A href=mntm_ex10z2.htm style=text-decoration:none><FONT style='color:#0000FF;background-color:#FFFFFF;border-bottom:1px solid #0000FF'>Fromar Note</FONT></A></P>
</TD></TR>
<TR style=height:10.8pt><TD valign=middle style=width:63pt;padding-top:1.8pt;padding-right:1.8pt><P align=justify style='font:10pt Times New Roman;margin:0;color:#212121;background-color:#FFFFFF'><FONT style=background-color:#FFFFFF>10.3</FONT></P>
</TD><TD valign=middle style=width:29pt;padding-top:1.8pt;padding-right:1.8pt><P align=justify style='font:10pt Times New Roman;margin:0;color:#212121;background-color:#FFFFFF'>&nbsp;</P>
</TD><TD valign=middle style=width:305pt;padding-top:1.8pt;padding-right:1.8pt><P align=justify style='font:10pt Times New Roman;margin:0;color:#212121;background-color:#FFFFFF'><A href=mntm_ex10z3.htm style=text-decoration:none><FONT style='color:#0000FF;background-color:#FFFFFF;border-bottom:1px solid #0000FF'>Fromar Security Agreement</FONT></A></P>
</TD></TR>
<TR style=height:10.8pt><TD valign=middle style=width:63pt;padding-top:1.8pt;padding-right:1.8pt><P align=justify style='font:10pt Times New Roman;margin:0;color:#212121;background-color:#FFFFFF'><FONT style=background-color:#FFFFFF>10.4</FONT></P>
</TD><TD valign=middle style=width:29pt;padding-top:1.8pt;padding-right:1.8pt><P align=justify style='font:10pt Times New Roman;margin:0;color:#212121;background-color:#FFFFFF'>&nbsp;</P>
</TD><TD valign=middle style=width:305pt;padding-top:1.8pt;padding-right:1.8pt><P align=justify style='font:10pt Times New Roman;margin:0;color:#212121;background-color:#FFFFFF'><A href=mntm_ex10z4.htm style=text-decoration:none><FONT style='color:#0000FF;background-color:#FFFFFF;border-bottom:1px solid #0000FF'>CC3I LOC</FONT></A></P>
</TD></TR>
<TR style=height:10.8pt><TD valign=middle style=width:63pt;padding-top:1.8pt;padding-right:1.8pt><P align=justify style='font:10pt Times New Roman;margin:0;color:#212121;background-color:#FFFFFF'><FONT style=background-color:#FFFFFF>10.5</FONT></P>
</TD><TD valign=middle style=width:29pt;padding-top:1.8pt;padding-right:1.8pt><P align=justify style='font:10pt Times New Roman;margin:0;color:#212121;background-color:#FFFFFF'>&nbsp;</P>
</TD><TD valign=middle style=width:305pt;padding-top:1.8pt;padding-right:1.8pt><P align=justify style='font:10pt Times New Roman;margin:0;color:#212121;background-color:#FFFFFF'><A href=mntm_ex10z5.htm style=text-decoration:none><FONT style='color:#0000FF;background-color:#FFFFFF;border-bottom:1px solid #0000FF'>CC3I Note</FONT></A></P>
</TD></TR>
<TR style=height:10.8pt><TD valign=middle style=width:63pt;padding-top:1.8pt;padding-right:1.8pt><P align=justify style='font:10pt Times New Roman;margin:0;color:#212121;background-color:#FFFFFF'><FONT style=background-color:#FFFFFF>10.6</FONT></P>
</TD><TD valign=middle style=width:29pt;padding-top:1.8pt;padding-right:1.8pt><P align=justify style='font:10pt Times New Roman;margin:0;color:#212121;background-color:#FFFFFF'>&nbsp;</P>
</TD><TD valign=middle style=width:305pt;padding-top:1.8pt;padding-right:1.8pt><P align=justify style='font:10pt Times New Roman;margin:0;color:#212121;background-color:#FFFFFF'><A href=mntm_ex10z6.htm style=text-decoration:none><FONT style='color:#0000FF;background-color:#FFFFFF;border-bottom:1px solid #0000FF'>CC3I Security Agreement</FONT></A></P>
</TD></TR>
<TR style=height:10.8pt><TD valign=middle style=width:63pt;padding-top:1.8pt;padding-right:1.8pt><P align=justify style='font:10pt Times New Roman;margin:0;color:#212121;background-color:#FFFFFF'><FONT style=background-color:#FFFFFF>10.7</FONT></P>
</TD><TD valign=middle style=width:29pt;padding-top:1.8pt;padding-right:1.8pt><P align=justify style='font:10pt Times New Roman;margin:0;color:#212121;background-color:#FFFFFF'>&nbsp;</P>
</TD><TD valign=middle style=width:305pt;padding-top:1.8pt;padding-right:1.8pt><P align=justify style='font:10pt Times New Roman;margin:0;color:#212121;background-color:#FFFFFF'><A href=mntm_ex10z7.htm style=text-decoration:none><FONT style='color:#0000FF;background-color:#FFFFFF;border-bottom:1px solid #0000FF'>2019 Intercreditor Agreement</FONT></A></P>
</TD></TR>
</TABLE>
<HR style='page-break-after:always;border:0;height:3.75pt;background-color:#919191;margin:15pt 0'><P style=line-height:0;margin:0></P>
<P align=center style='font:10pt Times New Roman;margin:0'><B>SIGNATURES</B></P>
<P style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
<P style='font:10pt Times New Roman;margin:0;text-indent:36pt'>Pursuant to the requirements of the Securities Exchange Act of 1934, the Company has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.</P>
<P style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
<P style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
<P style='font:10pt Times New Roman;margin:0'><B>MOUNT TAM BIOTECHNOLOGIES, INC.</B></P>
<P style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
<TABLE align=center style=border-collapse:collapse;width:100%><TR><TD colspan=2 valign=top><P style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=top><P style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
</TD></TR>
<TR><TD valign=top><P style='font:10pt Times New Roman;margin:0'>Date:&#160;&#160;&#160;</P>
</TD><TD valign=top><P style='font:10pt Times New Roman;margin:0'>May 15, 2019</P>
</TD><TD valign=top><P style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
</TD></TR>
<TR><TD valign=top><P style='font:10pt Times New Roman;margin:0'>By: </P>
</TD><TD valign=top style=white-space:nowrap><P style='font:10pt Times New Roman;margin:0'><FONT style='border-bottom:1px solid #000000'>/s/ <I>Richard Marshak</I></FONT></P>
</TD><TD valign=top><P style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
</TD></TR>
<TR><TD valign=top><P style='font:10pt Times New Roman;margin:0'>Name: </P>
</TD><TD valign=bottom style=white-space:nowrap><P style='font:10pt Times New Roman;margin:0'>Richard Marshak</P>
</TD><TD valign=top><P style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
</TD></TR>
<TR><TD valign=top><P style='font:10pt Times New Roman;margin:0'>Title:</P>
</TD><TD valign=top><P style='font:10pt Times New Roman;margin:0'>Chief Executive Officer</P>
</TD><TD valign=top><P style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
</TD></TR>
</TABLE>
<P style='font:10pt Calibri;margin:0'>&nbsp;</P>
</DIV>
</BODY>
</HTML>
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{"company-data": {"conformed-name": "Mount TAM Biotechnologies, Inc.", "cik": "0001589361", "assigned-sic": "2100", "irs-number": "453797537", "state-of-incorporation": "NV", "fiscal-year-end": "1231"}, "filing-values": {"form-type": "8-K", "act": "34", "file-number": "333-192060", "film-number": "19830102"}, "business-address": {"street1": "7250 REDWOOD BLVD, SUITE 300", "city": "NOVATO", "state": "CA", "zip": "94945", "phone": "(425) 214-4079"}, "mail-address": {"street1": "7250 REDWOOD BLVD, SUITE 300", "city": "NOVATO", "state": "CA", "zip": "94945"}, "former-company": [{"former-conformed-name": "TabacaleraYsidron, Inc.", "date-changed": "20140206"}, {"former-conformed-name": "TABACALERAYSIDRON INC", "date-changed": "20140206"}, {"former-conformed-name": "TABACALERA YSIDRON INC", "date-changed": "20131016"}]}
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): May 10, 2019
MOUNT TAM BIOTECHNOLOGIES, INC.
(Exact name of registrant as specified in its charter)
NEVADA
333-192060
45-3797537
(State or other jurisdiction of
incorporation or organization)
(Commission File Number)
(I.R.S. Employer
Identification Number)
106 Main Street #4E
Burlington, VT 05401
(425) 214-4079
(Address, including zip code, and telephone number,
including area code, of registrant's principal executive offices)
N/A
(Former name or former address, if changed since last report)
Title of each class
Trading Symbol(s)
Principal U.S. Market for Securities
Common Stock, $0.0001 par value
MNTM
OTCPINK
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))
Indicate by check mark whether the registrant is an emerging growth company as defined in 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 Definitive Agreement.
Item 1.02   Termination of a Material Definitive Agreement.
Item 2.03   Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet
Arrangement of a Registrant.
Line of Credit Agreement with Fromar Investments, LP
On May 10, 2019, Mount Tam Biotechnologies, Inc., a Nevada corporation (the "Company") and Fromar Investments, LP ("Fromar") entered into an arrangement whereby Fromar will lend the Company up to a maximum of $1,750,000 pursuant to the terms of a Line of Credit Agreement (the "Fromar LOC") and a promissory note (the "Fromar Note"). The arrangement evidenced by the Fromar LOC and the Fromar Note is referred to herein as the "Fromar Loan". By agreement of the parties, the Fromar Loan is effective as of May 1, 2019. The Fromar Loan is a non-revolving line of credit and amounts borrowed and then repaid may not be re-borrowed. The principal amounts advanced to the Company under the Fromar Loan bear interest at a fixed annual rate of eight percent (8.00%). The Fromar Loan has a maturity date of August 30, 2019, at which time all amounts advanced under the Fromar Loan, together with all accrued but unpaid interest thereon, are due and payable.
The Fromar Loan is secured
by that certain Security Agreement dated effective May 1, 2019 between the Company and Fromar (the "Fromar Security Agreement") pursuant to which the Company and Fromar agreed that all amounts, liabilities and obligations owed by the Company to Fromar are secured by a security interest in all assets of the Company on the terms and conditions set forth in the Fromar Security Agreement (the "Fromar Security Interest").  The Fromar Security Interest is subject to certain permitted security interests, specifically including the CC3I Security Interest (as defined below).
By way of background, on or about June 14, 2016, the Company and 0851229 BC Ltd. ("BC"), an affiliate of Fromar, entered into that certain Amended and Restated Secured Convertible Promissory Note, which has been amended or otherwise modified on several different occasions (the "BC Note") and a related security agreement securing the Company's obligations under the BC Note, as previously disclosed on the Company's Current Report on Form 8-K filed with the Commission on June 15, 2016. Further, on or about April 6, 2018, the Company and Fromar entered into that certain Convertible Promissory Note which has been amended or modified on several different occasions (the "2018 Fromar Note") and a related security agreement securing the Company's obligations under the 2018 Fromar Note, as previously disclosed on the Company's Current Report on Form 8-K filed with the Commission on April 12, 2018. Further, on or about March 4, 2019, the Company and Fromar entered into that certain Promissory Note in the principal amount of $80,000 (the "2019 Fromar Note"). The BC Note, the 2018 Fromar Note and the 2019 Fromar Note shall be referred to collectively herein as the "Prior Fromar Notes". The Company is required to use the amounts advanced under the Fromar Loan to pay off the Prior Fromar Notes, as well as for general business purposes.  By virtue of the payment in full of the Prior Fromar Notes with funds advanced under the Fromar Loan, the Prior Fromar Notes and their related security agreements have been terminated effective as of May 1, 2019 with no early termination penalties incurred by the Company as a result.
Line of Credit Agreement with Climate Change Investigation, Innovation and Investment Company, LLC
Also on May 10, 2019, the Company and
Climate Change Investigation, Innovation and Investment Company, LLC, a California limited liability company ("CC3I") entered into an arrangement whereby CC3I will lend the Company up to a maximum of $350,000 pursuant to the terms of a Line of Credit Agreement (the "CC3I LOC") and a promissory note (the "CC3I Note"). The arrangement evidenced by the CC3I LOC and the CC3I Note is referred to herein as the "CC3I Loan". By agreement of the parties, the CC3I Loan is effective as of May 1, 2019. The CC3I Loan is a non-revolving line of credit and amounts borrowed and then repaid may not be re-borrowed. The principal amounts advanced to the Company under the CC3I Loan bear interest at a fixed annual rate of eight percent (8.00%). The CC3I Loan has a maturity date of August 30, 2019, at which time all amounts advanced under the CC3I Loan, together with all accrued but unpaid interest thereon, are due and payable.
The Manager of CC3I, James Farrell, is a director and shareholder of the Company.  Pursuant to the requirements of the Nevada Revised Statutes, the disinterested members of the Company's board of directors approved the transaction with CC3I.
The CC3I Loan is secured
by that certain Security Agreement dated effective May 1, 2019 between the Company and CC3I (the "CC3I Security Agreement") pursuant to which the Company and CC3I agreed that all
amounts, liabilities and obligations owed by the Company to CC3I are secured by a security interest in all assets of the Company on the terms and conditions set forth in the CC3I Security Agreement (the "CC3I Security Interest").  The CC3I Security Interest is subject to certain permitted security interests, specifically including the Fromar Security Interest.
By way of background, on or about September 20, 2018, the Company and CC3I entered into that certain Convertible Promissory Note (the "2018 CC3I Note") and a related security agreement securing the Company's obligations under the 2018 CC3I Note, as previously disclosed on the Company's Current Report on Form 8-K filed with the Commission on September 26, 2018. Further, on or about March 4, 2019, the Company and CC3I entered into that certain Convertible Promissory Note (the "2019 CC3I Note") and a related security agreement securing the Company's obligations under the 2019 CC3I Note, as previously disclosed on the Company's Current Report on Form 8-K filed with the Commission on March 7, 2019. The 2018 CC3I Note and the 2019 CC3I Note shall be referred to collectively herein as the "Prior CC3I Notes". The Company is required to use the amounts advanced under the CC3I Loan to pay off the Prior CC3I Notes, as well as for general business purposes.  By virtue of the payment in full of the Prior CC3I Notes with funds advanced under the CC3I Loan, the Prior CC3I Notes and their related security agreements have been terminated effective May 1, 2019 with no early termination penalties incurred by the Company as a result.
Intercreditor Agreement
In addition to the foregoing, on May 10, 2019 the Company entered into an Intercreditor Agreement with Fromar and CC3I (collectively, the "Creditors"), with an effective date of May 1, 2019 (the "2019 Intercreditor Agreement"), whereby the Fromar Security Interest and the CC3I Security Interest shall each rank
pari passu
with each other. Further, the Creditors each agreed to jointly exercise their respective rights under their respective security interests, and to jointly share in the amount realized from exercising such rights under their respective security interests in proportion to the amount of their respective debt with respect to which a default has occurred to the total debt of each of the Creditors with respect to which a default has occurred.
By way of background, the Company previously entered into an intercreditor agreement with Fromar, BC and CC3I with an effective date of September 18, 2018, as previously disclosed on the Company's Current Report on Form 8-K filed with the Commission on September 26, 2018 (the "2018 Intercreditor Agreement") which was subsequently amended to account for the addition of the 2019 CC3I Note. Effective May 1, 2019, the 2018 Intercreditor Agreement was terminated by agreement of the parties thereto
with no early termination penalties incurred by the Company as a result
.
The foregoing descriptions of the Fromar LOC, the Fromar Note, the Fromar Security Agreement, the CC3I LOC, CC3I Note, the CC3I Security Agreement and the 2019 Intercreditor Agreement do not purport to be complete and are qualified in their entirety by the terms and conditions of the agreements themselves. Copies of  the Fromar LOC, the Fromar Note, the Fromar Security Agreement, the CC3I LOC, CC3I Note, the CC3I Security Agreement and the 2019 Intercreditor Agreement are attached to this Current Report on Form 8-K as Exhibits 10.1, 10.2, 10.3, 10.4, 10.5, 10.6, and 10.7, respectively, and each is incorporated herein by reference.
Item 9.01 Financial Statements and Exhibits.
(d) Exhibits
Exhibit No.
Description
10.1
Fromar LOC
10.2
Fromar Note
10.3
Fromar Security Agreement
10.4
CC3I LOC
10.5
CC3I Note
10.6
CC3I Security Agreement
10.7
2019 Intercreditor Agreement
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the Company has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
MOUNT TAM BIOTECHNOLOGIES, INC.
Date:
May 15, 2019
By:
/s/
Richard Marshak
Name:
Richard Marshak
Title:
Chief Executive Officer