Current Report Filing (8-k)
December 19 2016 - 11:28AM
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): December 16, 2016
BLOW
& DRIVE INTERLOCK CORPORATION
(Exact
name of registrant as specified in its charter)
Delaware
|
|
000-55053
|
|
46-3590850
|
(State
or Other Jurisdiction
|
|
(Commission
|
|
(I.R.S.
Employer
|
of
Incorporation)
|
|
File
Number)
|
|
Identification
No.)
|
5503
Cahuenga Blvd, #203
Los Angeles, CA 91601
(Address of Principal Executive Offices) (Zip Code)
(877)
299-0653
(Registrant’s telephone number, including area code)
(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 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))
|
SECTION
1 — REGISTRANT’S BUSINESS AND OPERATIONS
Item
1.01
|
Entry
into a Material Definitive Agreement.
|
|
|
|
On
or around December 1, 2016 the company entered into a material definitive agreement with Cahuenga Management LLC to provide
BDIC with office space located 5503 Cahuenga Boulevard in Los Angeles, CA. This new office space will be replacing BDIC current
office location on La Cienega Blvd and will provide BDIC with approximately two and a half times (2.5x) the square footage
for our corporate headquarters. The lease with Cahuenga Management is a gross lease for one (1) year and includes all expenses
included for flat fee of $2,200 per month. This rent expenses is approximately what our prior rent plus expenses equaled on
a monthly basis, giving BDIC increased infrastructure capabilities with no material increase in costs. We anticipate fully
relocating to our new location within the next 30 days. We foresee needing this upgraded facility as we continue to scale
our business and begin readying these next 1,600 BDI 747 machines for deployment through our retail and distribution channels,
in effect more than doubling our current marketshare. We anticipate the first half of these new machines to be ready sometime
in January 2017 and to be generating revenues from these new machines within 30 days of deployment.
|
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.
|
Blow & Drive Interlock, Corp.
|
|
|
|
By:
|
/s/
Laurence Wainer
|
|
Name:
|
Laurence Wainer
|
|
Title:
|
Chief Executive
Offider
|
Date:
December 19, 2016
INDEX
TO EXHIBITS
Exhibit
No.
|
|
Description
|
1
|
|
Lease
Agreement – Blow & Drive Interlock and Cahuenga Management LLC
|