Current Report Filing (8-k)
October 10 2017 - 11:04AM
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 9, 2017
NET
SAVINGS LINK, INC./DE
(Exact
name of registrant as specified in its charter)
Delawere
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000-53346
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82-1337551
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(State
or other jurisdiction
of
incorporation)
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|
(Commission
File
Number)
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(I.R.S.
Employer
Identification
No.)
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2374
Route 390
P.O.
Box 609
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Mountainhome,
PA
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18342
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(Address
of principal executive offices)
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(Zip
Code)
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(570)
595-2432
(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 (see General Instruction A.2. below):
[ ]
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Written
communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
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[ ]
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Soliciting
material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
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[ ]
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Pre-commencement
communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
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[ ]
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Pre-commencement
communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
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ITEM 1.01 ENTRY INTO A MATERIAL DEFINITIVE AGREEMENT.
On
May 8, 2017, the Company entered into a definitive acquisition agreement with Danyi Zhang, a private individual, to acquire one-hundred
percent (100%) of Shanghai Hua Si Tai Medical Consultation Company Limited, in exchange for a cash payment of eight-hundred thousand
($ 800,000.00) U.S. Dollars.
On
October 9, 2017, the Company and Danyi Zheng amended the May 8, 2017 definitive acquisition agreement. The Company will now acquire
seventy percent (70%) of Shanghai Hua Si Tai Medical Consultation Company Limited, in exchange for the sum of four-hundred thousand
($ 400,000.00) U.S. Dollars, which is payable in the form of a non-convertible promissory note, bearing 8% interest per annum.
The duration of the note is 12 months, at which time the note is due in full, along with any accrued interest. The closing of
this agreement is effective immediately upon signing.
In
addition, the parties agree that the Company will provide Shanghai Hua Si Tai Medical Consultation Company Limited with working
capital in the sum of four-hundred thousand ($ 400,000.00) U.S. Dollars during the 12 months following the signing of this agreement.
ITEM
7.01 REGULATION FD DISCLOSURE.
Today,
the Company’s CEO, James A. Tilton, announced the execution and closing of an amended Definitive Acquisition Agreement with
Danyi Zhang, a private individual.
Section
9 - Financial Statements and Exhibits
Item
9.01 Financial Statements and Exhibits.
(d)
Exhibits.
The
following exhibit is filed herewith:
2
Amended Definitive Acquisition Agreement dated October 9, 2017
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 10, 2017
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NET
SAVINGS LINK, INC.
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/s/
James Tilton
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James
Tilton, Chief Executive Officer
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