Current Report Filing (8-k)
September 19 2016 - 09:31AM
Edgar (US Regulatory)
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 reported)
September 19, 2016
madison
technologies inc.
(Exact
name of registrant as specified in its chapter)
Nevada
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000-51302
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00-0000000
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(State
or other jurisdiction
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(Commission
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(I.R.S.
Employer
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of
incorporation)
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File
Number)
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Identification
No.)
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4448
Patterdale Drive, North Vancouver, BC
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V7R
4L8
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(Address
of principal executive offices)
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(Zip
Code)
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Registrant’s
telephone number, including area code
(801) 326-0110
n/a
(Former
name or former address, if changed since last report)
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 CFR230.425)
[ ] 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))
Form
8-K
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Madison Technologies, Inc.
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Page
2
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INFORMATION
TO BE INCLUDED IN REPORT
Item
1.01 Entry into a Material Definitive Agreement
Pursuant
to the terms and conditions of a product license agreement dated September 16, 2016 between Tuffy Packs, LLC and Madison Technologies
Inc. Tuffy Packs has granted an exclusive license to Madison for the distribution of Tuffy Pack’s product line into the
United Kingdom and 43 European countries. According to the terms and conditions of the product license agreement Madison will
pay an aggregate amount of $50,000 for the exclusive license to distribute Tuffy Packs’ product line. See Exhibit 10.5 -
Product License Agreement for more details.
Tuffy
Packs manufactures a line of custom inserts that provide a level of personal protection from ballistic threats similar to what
law enforcement officers wear daily as bullet proof vests. The ballistic panels conform to the National Institute of Justice (NIJ)
Level IIIA threat requirements.
Item
7.01. Regulation FD Disclosure.
Limitation
on Incorporation by Reference
: In accordance with general instruction B.2 of Form 8-K, the information in this report, including
Exhibit 10.5, is furnished under Item 9 and pursuant to Regulation FD, and will not be deemed to be “filed” for the
purposes of Section 18 of the Securities Exchange Act of 1934 or otherwise subject to the liabilities of that section, or incorporated
by reference in any filing under the Securities Act of 1933 or the Securities Exchange Act of 1934, except as will be expressly
set forth by specific reference in such filing. This report will not be deemed a determination or an admission as to the materiality
of any information in the report that is required to be disclosed solely by Regulation FD.
The information contained in Exhibit 10.5
is incorporated herein by reference.
Item
9.01. Financial Statements and Exhibits.
(d)
Exhibits
Exhibit
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Description
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10.5
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Product
License Agreement dated September 16, 2016 between.Tuffy Packs, LLC and Madison Technologies Inc.
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Included
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Form
8-K
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Madison Technologies, Inc.
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Page
3
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SIGNATURES
Pursuant to the requirements of the Securities
Exchange Act of 1934, Madison Technologies Inc. has caused this report to be signed on its behalf by the undersigned duly authorized
person.
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madison
technologies inc.
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Dated
:
September 19, 2016
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By:
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/s/
Thomas Brady
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Thomas
Brady – CEO
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