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): December 1823, 2015

Arrayit Corporation

(Exact name of registrant as specified in its charter)

NEVADA

(State or other jurisdiction of incorporation or organization)

33-119586	76-0600966
(Commission File Number)	(IRS Employer Identification Number)

927 Thompson Place

Sunnyvale, CA 94085

(Address of principal executive offices)

Rene A. Schena

927 Thompson Place

Sunnyvale, CA 94085

(Name and address of agent for service)

408-744-1331

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:

o	Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

o	Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

o	Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

o	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.

On10% ~~December~~Convertible ~~18,~~Exchange 2015 (the “Closing Date” and/or the “Effective Date”), Arrayit Corporation, a Nevada corporation (the “Company,” “we” and “us”), TeleChem International, Inc., a Nevada corporation (“TeleChem”), Arrayit Scientific Solutions Inc., a Nevada corporation (“Arrayit Scientific”) and TCA Global Credit Master Fund, LP, a Cayman Islands limited partnership (“TCA”) closed the transactions contemplated by a Senior Secured Revolving Credit Facility Agreement, effective December 18, 2015 (the “Credit Agreement”). Pursuant to the Credit Agreement, TCA agreed to loan the Company up to $5 million for working capital, to pay down prior debt and other purposes, pursuant to the terms and conditions of the Credit Agreement.Note

AOn ~~total~~December of23, ~~$750~~2015,~~000~~ ~~was~~Arrayit ~~funded~~Corporation by(the ~~TCA~~“Company”) asentered into an ~~initial~~Exchange ~~line~~Agreement ofwith ~~credit~~Iconic inHoldings, ~~connection~~LLC, ~~with~~a ~~the~~Delaware ~~Closing. The~~limited ~~amounts~~liability ~~borrowed~~company ~~pursuant to~~ (the ~~Credit~~‘Holder”) ~~Agreement~~and ~~are~~issued ~~evidenced by~~ a ~~Revolving~~10% ~~Note~~Convertible ~~(the~~Exchange ~~initial Revolving~~ Note ~~evidencing~~to the ~~$750,000~~Holder ~~loan,~~with isa ~~referred~~face toamount ~~herein~~of as$540,535.91 (the “~~Revolving~~Exchange Note”) and the ~~repayment~~"Agreed ofAmount" ~~which~~respectively), isconvertible ~~secured~~into byshares aof ~~Security~~common ~~Agreement~~stock ~~provided~~of ~~to TCA from~~ the Company, ~~pursuant~~upon tothe ~~which~~terms ~~it provided TCA a security interest over substantially all of its properties~~ and ~~assets,~~subject ~~and~~to ~~guaranteed~~the bylimitations ~~TeleChem~~ and ~~Arrayit~~conditions ~~Scientific~~set ~~pursuant~~forth toin athe ~~Guaranty~~Exchange ~~Agreement~~Note. The ~~Revolving~~transaction ~~Note~~closed inon ~~the~~December ~~amount~~24, ~~of $750~~2015,~~000~~ ~~is due~~ and ~~payable along with interest thereon~~ the ~~earlier~~Exchange ~~of (i)~~Note ~~six~~was ~~(6)~~dated ~~months~~December ~~from~~23, ~~the~~2015. ~~Effective~~In ~~Date~~addition, oron ~~(ii)~~December ~~upon~~23, ~~prepayment~~2015, ~~provided however that if~~ the Company ~~prepays~~entered ~~more~~into ~~than~~a ~~eighty~~Security ~~(80%)~~Agreement ~~percent~~with of the ~~amount~~Holder ofgranting to the ~~Revolving~~Holder ~~Loan~~a ~~Commitment~~security ~~within~~interest ~~ninety~~in ~~(90)~~6,600,000 ~~days~~shares ~~following~~of ~~the~~common ~~Effective~~stock ~~Date,~~of the Company’s ~~shall~~ownership ~~pay~~in toAvant ~~TCA as liquidated damages and compensation for the costs of being prepared to make funds available~~Diagnostics, ~~an amount equal to 2~~Inc.5% ofThe ~~the~~Exchange ~~Revolving~~Note ~~Loan~~matures ~~Commitment. Interest~~ on ~~the~~December ~~Revolving~~23, ~~Note is a fixed rate of interest equal to Eleven (11%) Percent per annum~~2016.

The ~~Company~~transaction ~~also~~resulted ~~agreed~~from ~~to pay TCA various fees at~~ the ~~Closing~~purchase ~~and~~by ~~during~~ the ~~term~~Holder of ~~the Credit Agreement, including $250,000 for advisory services (the “Advisory Fee”),~~ a ~~transaction~~portion ~~advisory~~of ~~fee in~~ the ~~amount~~Company’s ofindebtedness 4%to ofMorrison ~~the~~& ~~initial~~Foerster, ~~Revolving Note ($30~~LLP,~~000,~~ ~~which was paid at Closing) and~~ a ~~transaction~~law ~~advisory~~firm ~~fee in the amount of 2% of any additional Revolving Note~~ (~~due upon issuance of any additional Revolving Note~~“MoFo”), $6,000 in due diligence fees, $17,500 in document review and legal fees, certain other UCC search, documentation tax fees and other search fees, and other fees that may be requested by TCA from time to time pursuant to ~~terms~~a ofjudgment ~~the~~obtained ~~Credit~~against ~~Agreement. In connection with and as consideration for~~ the ~~Advisory Fee, the~~ Company ~~issued~~for ~~38,971,490~~unpaid ~~shares~~legal ofservices. The ~~restricted~~Holder ~~common~~acquired ~~stock (valued at~~ the ~~lowest~~judgment ~~weighted~~in ~~average price per share of~~ the ~~Company’s~~Agreed ~~common~~Amount ~~stock on the five trading days immediately prior to the execution date~~ of the ~~Credit~~Exchange ~~Agreement)~~Note toin ~~TCA,~~exchange ~~which~~for ~~number~~a ~~of shares is adjustable from time to time (as described below), such that the total shares issued to and sold by TCA will provide TCA an aggregate of~~ $~~250~~300,000 inpayment ~~value~~to ~~(the “Advisory Fee Shares”)~~MoFo. The ~~number~~Company ofpaid ~~Advisory~~MoFo ~~Fee Shares are adjustable from time to time at such times as TCA has provided the Company~~ an ~~accounting~~additional ~~of sales showing that it has not realized~~ $~~250~~50,000 into ~~value~~fully ~~from~~settle the ~~sale~~matter. ofAs ~~such~~a ~~Advisory~~condition ~~Fee~~of ~~Shares. In~~ the ~~event~~Holder ~~TCA~~purchasing ~~sells~~the ~~Advisory~~debt ~~Fee~~underlying ~~Shares~~the ~~and~~judgment ~~generates~~in ~~$250,000~~the inAgreed ~~value~~Amount, ~~then~~the ~~any~~Company ~~additional Advisory Fee Shares (or additional shares~~ issued ~~in connection with an adjustment) are to be returned by TCA for cancellation. The Company also has~~ the ~~right~~Exchange atNote ~~any time to redeem the then outstanding Advisory Fee Shares (~~and ~~any~~also ~~additional~~entered ~~shares~~into ~~issued to TCA in connection with~~ an ~~adjustment),~~Exchange ~~for an amount equal to the Advisory Fee less any value previously received by TCA in connection with sales of the Advisory Fee Shares~~Agreement.

~~TCA~~The ~~has~~Exchange ~~the~~Note ~~right~~bears tointerest ~~require~~at the ~~Company~~rate toof ~~redeem~~10% ~~the~~per ~~Advisory Fee Shares (or that number that then remain outstanding~~annum, ~~together~~and ~~with~~ any ~~shares~~amount ~~issuable~~of asthe anprincipal ~~adjustment~~or asinterest ~~described above)~~ on the ~~earlier~~Exchange ~~to occur of (a) the maturity date of the Revolving~~ Note; ~~and~~that ~~(b)~~is ~~upon~~not ~~the~~paid ~~occurrence~~when ofdue anbears ~~event~~interest ~~of default under the Credit Agreement, or~~ at ~~any time thereafter, and require~~ the ~~Company~~rate ~~to pay TCA cash in an amount equal to the total amount~~ of ~~the~~18% ~~Advisory~~per ~~Fee less any cash proceeds received by TCA from the prior sale of Advisory Fee Shares~~annum.

InThe ~~total,~~Exchange weNote ~~paid~~carries ~~$65,450~~piggyback inregistration ~~cash fees (not including the Advisory Fee payable by way of the issuance of the Advisory Fee Shares)~~rights, ~~expenses~~anti-dilution rights and ~~closing~~default ~~costs in connection with the Closing~~rights, ~~not~~all ~~including~~as ~~the~~discussed ~~fees of our legal counsel~~therein. AnA ~~aggregate~~copy of ~~$400,000 was held back by TCA to secure payments of $350,000 (~~the ~~“$350,000~~Exchange ~~Holdback”)~~Note to a judgment creditor of which the Company anticipates borrowing from a third party lender, $300,000 to pay that judgment creditor with $50,000 being paid directly to the judgment creditor from $350,000 Holdback. Upon the Company finalizing the borrowing from the third party lender, TCA will release $300,000 to the Company. The Company believes that it will be able to provide TCA with evidence of the satisfaction of an additional $50,000 outstanding lien and it is ~~anticipated~~attached ~~that~~hereto TCA will release that amount upon receipt of such evidence. We also paid $91,260.97 to Gateway Acceptance (“Gateway”) to repay our outstanding obligations under our credit facility with Gateway which was paid in full and terminated in connection with our entry into the Credit Agreement. We anticipate using the balance of the funds received as ~~working~~Exhibit ~~capital and to manufacture product to fill purchase orders~~10.1.

~~The~~Pursuant ~~Credit~~to ~~Agreement~~the ~~contains~~terms ~~customary representations and warranties for facilities~~ of ~~similar nature and size as~~ the ~~Credit~~Exchange ~~Agreement~~Note, ~~and requires~~ the ~~Company~~Holder tois ~~indemnify~~entitled, ~~TCA~~at ~~for~~its ~~certain~~option, ~~losses~~at ~~and~~any ~~release the Company from various claims. The Credit Agreement also includes various customary covenants (positive and negative) binding the Company~~time, ~~including, the requirement that the Company deliver~~ to ~~TCA,~~convert ~~pursuant~~all toor ~~the~~any ~~terms~~part of the ~~Credit~~outstanding ~~Agreement,~~and ~~various~~unpaid ~~reports,~~principal ~~statements~~ and ~~financial~~accrued ~~statements~~interest ~~and~~into ~~the~~shares ~~prohibition~~of on the Company’s ~~and~~common ~~TeleChem~~stock ~~and~~at ~~Arrayit~~a ~~Scientific~~price ~~(i)~~per ~~incurring~~share ~~any~~equal ~~indebtedness~~to ~~(other~~65% ~~than~~of ~~in connection with~~ the ~~Credit~~lowest ~~Agreement~~closing orbid asof ~~otherwise~~the ~~approved~~Company’s bycommon ~~TCA),~~stock ~~(ii)~~during ~~making~~the ~~any~~15 ~~new~~day ~~investments~~consecutive ~~(except~~trading asdays ~~expressly~~prior ~~set~~to ~~forth in~~ the ~~Credit~~date ~~Agreement), (iii) creating any encumbrances~~ on ~~their~~which ~~assets,~~the ~~(iv)~~Holders ~~affecting~~elects ~~a change in control, (v) issuing stock, (vi) incurring capital expenditures, (vii) making any distributions~~ to ~~shareholders~~convert orall ~~management, (viii) affecting any transactions with affiliates,~~ or ~~(ix)~~part ~~undertaking~~of ~~certain other actions as described in greater detail in~~ the ~~Credit~~Exchange ~~Agreement, except in the usual course of business~~Note.

The ~~Credit~~terms ~~Agreement includes customary events~~ of ~~default~~the ~~for~~Exchange ~~facilities~~Note oflimit ~~a similar nature and size as~~ the ~~Credit~~number ~~Agreement,~~of ~~including~~shares ~~if a change in control~~ of ~~the~~ Company, ~~TeleChem~~common orstock ~~Arrayit~~into ~~Scientific~~which ~~occurs, if it is determined in good faith by TCA that~~ the ~~security~~Exchange ~~for the Revolving~~ Note ismay orbe ~~has~~converted ~~become~~such ~~inadequate, if it is determined in good faith by TCA~~ that ~~the~~upon ~~prospect for payment or performance of the Revolving Note is impaired for any reason~~conversion, if the ~~Company~~Holder ~~does~~may not ~~have~~hold ~~sales~~beneficially ~~revenues~~more ~~for~~than ~~every quarter that are at least 75~~9.99% of the ~~sales revenue of the~~ Company ~~for the prior year~~’s ~~calendar~~outstanding ~~quarter~~common (istock.~~e., pursuant to a comparison of the current quarter revenue to the revenue for the same quarter for the prior year).~~

The ~~foregoing~~Company ~~summary~~claims ~~description~~an ofexemption from the ~~terms~~registration requirements of the ~~Credit~~Securities ~~Agreement,~~Act ~~Revolving~~of ~~Note~~1933, ~~Security~~as ~~Agreement~~amended ~~and~~ (the ~~Guaranty~~“Act”), ~~Agreement~~for ~~and~~the ~~may~~private ~~not~~placement ~~contain~~of ~~all~~these ~~information~~securities ~~that~~pursuant ~~is of interest~~ to ~~the~~Section ~~reader.~~4(2) ~~The foregoing description~~ of ~~each~~the ofAct ~~the~~and/or ~~Credit~~Regulation D ~~Agreement,~~promulgated ~~Revolving~~thereunder ~~Note~~since, ~~Security~~among ~~Agreement~~other things, ~~Guaranty~~the ~~Agreements~~transaction dodid not ~~purport~~involve toa bepublic ~~complete~~offering, ~~and~~the ~~are~~Holder ~~qualified~~is inan ~~their~~accredited ~~entirety~~investor, bythe ~~reference~~Holder totook the ~~full~~ ~~text~~securities offor ~~the~~investment ~~Credit~~and ~~Agreement,~~not ~~Revolving Note~~resale, ~~Security~~and ~~Agreement which~~the ~~are~~Company ~~filed~~took asappropriate ~~Exhibits~~measures ~~10.1,~~to ~~10.2,~~restrict ~~10.3~~the ~~and~~transfer ~~10.4,~~of ~~respectively,~~the ~~hereto~~securities.

~~ITEM~~A 2copy of the Exchange Note is attached hereto as Exhibits 4.031 ~~CREATION~~and OFincludes the following exhibits thereto: Exhibit A—Form ~~DIRECT~~of ~~FINANCIAL~~Conversion ~~OBLIGATION~~Notice; ORExhibit ANB—Written ~~OBLIGATION~~Consent ~~UNDER~~of ANthe ~~OFF-BALANCE~~Board ~~SHEET~~of ~~ARRANGEMENT~~Directors OFof the Company; and Exhibit C—Exchange Agreement. A ~~REGISTRANT~~copy of the Security Agreement is included as Exhibit 10.1 hereto. The foregoing summaries of the terms of the Exchange Note and Security Agreement are qualified in their entirety by reference to Exhibits 4.1 and 10.1, respectively.

AsITEM ~~more fully described in Item 1~~2.0103 ~~above,~~CREATION ~~the~~OF ~~Revolving~~DIRECT ~~Note~~FINANCIAL inOBLIGATION ~~the~~OR ~~amount~~AN ofOBLIGATION ~~$750,000~~UNDER ~~was~~AN ~~issued~~OFF-BALANCE bySHEET ~~the~~ARRANGEMENT ~~Company~~OF ~~pursuant~~A ~~to the Credit Agreement on the Closing and the Advisory Fee Shares (defined in Item 1~~REGISTRANT.01) issued at the Closing are required to net TCA an aggregate of $250,000 upon the sale thereof. The disclosure in Item 1.01 of the Revolving Note and Advisory Fee Shares is incorporated herein by reference.

~~ITEM~~The 3disclosure in Item 1.0201 ~~UNREGISTERED~~of ~~SALES~~this OFCurrent ~~EQUITY~~Report ~~SECURITIES~~on Form 8-K is incorporated by reference into this Item.

~~The~~ITEM ~~disclosure in Item 1~~3.0102 ~~relating~~UNREGISTERED toSALES ~~the~~OF ~~Revolving~~EQUITY ~~Note and Advisory Fee Shares is incorporated herein by reference~~SECURITIES. The offer and sale of the Revolving Note and Advisory Fee Shares, was not and will not be registered under the Securities Act of 1933, as amended. The Company claims an exemption from registration afforded by Section 4(2) of the Securities Act of 1933, as amended (the “Act”) since the foregoing offers and sales did not involve a public offering, the recipients took the securities for investment and not resale, the Company took appropriate measures to restrict transfer, and the recipient was an “accredited investor”.

The information called for by this Item 3.02 is contained in Item 1.01 hereof and incorporated herein by reference.

ITEM 9.01 FINANCIAL STATEMENTS AND EXHIBITS.

Exhibit No.		Description
	10.1*	Senior Secured Credit Facility Agreement in the Maximum Amount of US$5,000,000 by and among Arrayit Corporation, as Borrower, TeleChem International, Inc. and Arrayit Scientific Solutions, Inc. as Guarantors and TCA Global Credit Master Fund, LP, as Lender (December 18, 2015)
	10.2*	Revolving Note ($750,000) between Arrayit Corporation, as borrower, and TCA Global Credit Master Fund, LP, as lender (December 15, 2015)
	10.3*	Security Agreement by Arrayit Corporation, as debtor, in favor of TCA Global Credit Master Fund, LP, as secured party (December 15, 2015)
	10.4*	Guaranty Agreement by TeleChem International, Inc. and Arrayit Scientific Solutions, Inc., as guarantors, in favor of TCA Global Credit Master Fund, LP (February 6, 2015)

(d) Exhibits.

* to be filed by amendment

Exhibit Number		Description

4.1		10% Convertible Exchange Note made by Arrayit Corporation in favor of Iconic Holdings, LLC dated December 23, 2015.

10.1		Security Agreement dated December 23, 2015, by and between Iconic Holdings, LLC and Arrayit Corporation.

~~SIGNATURE~~2

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.

	ARRAYIT CORPORATION
Date: December 23, 2015	By: /s/ Rene Schena
Dated: December 30, 2015	By:	/s/ Rene Schena
	Rene Schena Chairman & CEO
		Rene Schena
		Chief Executive Officer

EXHIBIT INDEX

Exhibit No.		Description
	10.1*	Senior Secured Revolving Credit Facility Agreement in the Maximum Amount of US$5,000,000 by and among Arrayit Corporation, as Borrower, TeleChem International, Inc. and Arrayit Scientific Solutions, Inc., as Joint and Several Guarantors, and TCA Global Credit Master Fund, LP, as Lender (Effective as of December 18, 2015)
	10.2*	Revolving Note ($750,000) between Arrayit Corporation, as borrower, and TCA Global Credit Master Fund, LP, as lender (December 18, 2015)
	10.3*	Security Agreement by Arrayit Corporation, as debtor, in favor of TCA Global Credit Master Fund, LP, as secured party (December 18, 2015, 2015)
	10.4*	Guaranty Agreement by TeleChem International, Inc. and Arrayit Scientific Solutions, Inc. as guarantors, in favor of TCA Global Credit Master Fund, LP (December 18, 2015)

*to be filed by amendment

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