___________________________________________

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, D.C. 20549

 

 

FORM 8-K/A

 

CURRENT REPORT

Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934

 

Date of Report (Date of earliest event reported): January 29, 2017

 

 

NuLife Sciences, Inc.

(Exact Name of Registrant as Specified in Charter)

 

 

 

Nevada 333-193220 46-3876675
(State of Other Jurisdiction (Commission File (IRS Employer
of Incorporation) Number) Identification No.)
     

1031 Calle Recodo, Suite B

San Clemente, CA

 

92763

(Address of Principal Executive Offices) (Zip Code)

 

Registrant’s telephone number, including area code: (949) 973-0684

 

 

(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

 

[ ] Soliciting material pursuant to Rule 14a-12 under the Exchange Act

 

[ ] Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act

 

[ ] Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act

 

 

 
 

 

Item 1.01 Entry into a Material Definitive Agreement

 

On December 30, 2016, the Company announced on Form 8-K filed on January 6, 2017 , the completion of that certain Asset Purchase Agreement to acquire all of the assets (the “Asset Purchase”) of GandTex, LLC, a Texas limited liability company (“GandTex”). GandTex was the owner of certain patents and licensed rights related to biomedical company focused on advancing human organ transplant technology and medical research. The assets consisted of certain proprietary patents for eliminating the need for an organ or tissue match, and the necessity for anti-rejection drugs, as well as management of, and historical data for, animal trials (the “Trials”) conducted by a third party operating under the GandTex Assets (collectively, the “Assets”). Pursuant to the terms of the Asset Purchase, and upon achieving certain pro-forma goals, the Company agreed to provide additional funding for the Trials in the aggregate amount of $300,000. In exchange for the Assets, the Company issued to GandTex 10,000,000 shares of its Series B Convertible Preferred Stock. GandTex is owned and controlled by a single individual Managing Member who beneficially owns 70% of GandTex. The Asset Purchase was approved by a majority of the Company’s disinterested directors.

 

The first sentence of that disclosure should have read On December 30, 2016, the Company announced the completion of its Due Diligence related to that certain Asset Purchase Agreement to acquire all of the assets (the “Asset Purchase”) of GandTex, LLC, a Texas limited liability company (“GandTex”). GandTex was the owner of certain patents and licensed rights related to biomedical company focused on advancing human organ transplant technology and medical research.

.

The Company effected the Closing of the purchase of the Assets on January 29, 2017, upon the delivery by the Company of 10,000,000 shares of the Company’s Series B Convertible Preferred Stock to GandTex.

 

Item 3.02 Unregistered Sales of Equity Securities.

 

As described in Item 1.01 above, pursuant to the terms of the completed Asset Purchase, the Board issued 10,000,000 shares of Series B Preferred Stock of the Company to GandTex. GandTex is directed, managed and controlled by a single sophisticated individual Managing Member and has one single accredited Member.

 

In respect of the aforementioned securities issuance of the Company, the security holder is an “accredited investor” as such term is defined by rules promulgated by the Securities and Exchange Commission (“SEC”). No solicitation was made and no underwriting discounts were given or paid in connection with these transactions. The Company believes that the issuance of the securities pursuant to the Asset Purchase was exempt from registration with the SEC pursuant to Section 4(2) of the Securities Act of 1933.

 

 
 

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.

 

    NuLife Sciences, Inc.
     
Date:  February 21, 2017    
    By:   /s/ Fred Luke
    Fred Luke, President

 

 

 

Gulf West Security Network (CE) (USOTC:GWSN)
Historical Stock Chart
From Mar 2024 to Apr 2024 Click Here for more Gulf West Security Network (CE) Charts.
Gulf West Security Network (CE) (USOTC:GWSN)
Historical Stock Chart
From Apr 2023 to Apr 2024 Click Here for more Gulf West Security Network (CE) Charts.