Current Report Filing (8-k)
October 07 2016 - 12:31PM
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 event reported):
October 5, 2016
Electronic Cigarettes International Group,
Ltd.
(Exact name of registrant as specified in
its charter)
Nevada
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000-52745
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98-0534859
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(State or other jurisdiction of incorporation)
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(Commission File Number)
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(IRS Employer Identification No.)
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1707 Cole Boulevard, Suite 350, Golden, Colorado
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80401
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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:
(720) 575-4222
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
(see General Instruction A.2. below):
¨
Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
¨
Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
¨
Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
¨
Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
Item 1.01 Entry into a Material Definitive Agreement
On October 5, 2016,
Electronic Cigarettes International Group, Ltd., a Nevada corporation (the “Company”), entered into an Asset Purchase
Agreement (the “Purchase Agreement”), by and among the Company, Hardwire Interactive Inc., a British Virgin Islands
company (the “Buyer”), Hardwire Interactive Acquisition Company, a Delaware corporation and wholly-owned subsidiary
of the Company (“Hardwire”), and certain other covenanting parties thereto, pursuant to which Hardwire sold and assigned
the Assets (as defined in the Agreement) to the Buyer in consideration of the Purchase Price (as defined in the Agreement), including
an $800,000 cash payment and the assumption of certain liabilities, subject to the terms and conditions of the Agreement (the “Asset
Sale”). In connection with the execution of the Purchase Agreement and the consummation of the Asset Sale, Hardwire entered
into with the Buyer, a (i) Bill of Sale, (ii) General Assignment, (iii) Assignment of Contracts, and (iv) Assignment of Intellectual
Property, each dated as of October 5, 2016.
The foregoing description
of the Asset Sale does not purport to be complete and is qualified in its entirety by reference to the full text of the Purchase
Agreement, a copy of which is attached hereto as Exhibit 10.1 and is incorporated herein by reference.
Item 2.01 Completion of Acquisition
or Disposition of Assets
The information described
above under Item 1.01 of this Current Report on Form 8-K is hereby incorporated herein by reference.
Item 9.01 Financial Statements and Exhibits
(d) Exhibits
Exhibit No.
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Description
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10.1
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Asset Purchase Agreement, dated as of October 5, 2016, by and among Hardwire Interactive
Acquisition Company, Hardwire Interactive Inc., the Company, and certain other covenanting parties thereto
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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.
Date: October 7, 2016
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ELECTRONIC CIGARETTES INTERNATIONAL GROUP, LTD.
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By:
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/s/ William Seamans
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Name: William Seamans
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Title: Chief Financial Officer
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