Current Report Filing (8-k)
December 30 2019 - 4:47PM
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 30, 2019
Social
Life Network, Inc.
(Exact
name of registrant as specified in its charter)
Nevada
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000-55961
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46-0495298
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(State
or other jurisdiction
of
incorporation)
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(Commission
File
Number)
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(IRS
Employer
Identification
Number)
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3465
Gaylord Court, A509, Englewood, Colorado 80113
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80113
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(Address
of principal executive offices)
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(Zip
Code)
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(855)
933-3277
Registrant’s
telephone number, including area code:
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:
[ ]
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Written
communications pursuant to Rule 425 under the Securities Act
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[ ]
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Soliciting
material pursuant to Rule 14a-12 under the Exchange Act
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[ ]
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Pre-commencement
communications pursuant to Rule 14d-2(b) under the Exchange Act
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[ ]
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Pre-commencement
communications pursuant to Rule 13e-4(c) under the Exchange Act
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Securities
registered under Section 12(b) of the Act:
Title
of Each Class
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Trading
Symbol(s)
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Name
of each exchange on which registered
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Common
Stock
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WDLF
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Trading
on the OTC Markets exchange
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Indicate
by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405
of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
Emerging
growth company [ ]
If
an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for
complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. [ ]
Social
Life Network, Inc. referred to herein as “we”, “us” or “our”.
Item
8.01 Other Events
On
December 30, 2019, we completed the renewal of software license agreements with Real Estate Social Network, Inc. and Sports Social
Network, Inc. that have been in place since January 1st, 2017 and were set to expire on December 31st, 2019.
The software license agreements were each previously valued at $125,000 per year for the past two years.
The
renewed software license agreements are for 5 years and each are valued at no less than $1,250,000.
On
June 23, 2019, we entered into a non-binding Letter of Intent (“LOI”) with Real Estate Social Network, Inc. (“RESN”)
to purchase a majority interest of their division, LikeRE.com. Now, instead, RESN will pay us 2,500,000 common stock shares valued
at $1,250,000 on December 30th, 2019. Additionally, we will receive 5% of the net profits from RESN, now d/b/a LikeRE.com,
Inc., each year for five years. With the renewed license agreement and payment terms, we have cancelled the LOI. Additionally,
pursuant to the new license agreement, we have a right of first refusal to purchase some or all of RESN’S websites, mobile
apps, brand and domain names, data and users, revenue contracts, partnership agreements and any assets for fair market value.
Sports
Social Network, Inc., will also pay us 2,500,000 common stock shares, valued at $1,250,000 on December 30th, 2019.
Additionally, we will receive 5% of the net profits from Sports Social Network, and each of their divisions and wholly owned subsidiaries,
for five years. With the renewed license agreement and payment terms, we have a right of first refusal to purchase some or all
Sports Social Network’s websites, mobile apps, brand and domain names, data and users, revenue contracts, partnership agreements
and any assets, during the terms of the agreement, for fair market value.
SIGNATURES
Pursuant
to the requirements of the Securities and Exchange Act of 1934, the Registrant has duly caused this report to be signed on its
behalf by the undersigned hereunto duly authorized.
Dated:
December 30, 2019
Social
Life Network, Inc.
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By:
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/s/
Ken Tapp
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Ken
Tapp,
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Chief
Executive Officer
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