Current Report Filing (8-k)

Date : 10/19/2018 @ 11:38AM
Source : Edgar (US Regulatory)
Stock : Hpil Holding (PN) (HPIL)
Quote : 0.0001  0.0 (0.00%) @ 8:59PM

Current Report Filing (8-k)

 

 

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 18, 2018 (October 15, 2018)

 

 

 

HPIL HOLDING

 

(Exact name of registrant as specified in its charter)

 

 

 

Nevada

 

333-121787

 

30-0868937

(State or other jurisdiction

of incorporation)

 

(Commission

File Number)

 

(IRS Employer

Identification No.)

 

2014 N Saginaw Rd., Ste 117

Midland, MI

 

48640

(Address of principal executive offices)   (Zip Code)

 

(248) 750-1015

(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:

 

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))

 

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.     ☐

 

 

 

 

 

 

Forward-Looking Statements

 

This Current Report on Form 8-K may contain so-called “forward-looking statements,” all of which are subject to risks and uncertainties.  Forward-looking statements can be identified by the use of words such as “expects,” “plans,” “will,” “forecasts,” “projects,” “intends,” “estimates,” and other words of similar meaning.  One can identify them by the fact that they do not relate strictly to historical or current facts.  These statements are likely to address our growth strategy, company plans, forecasted financial results and product and development programs.  One must carefully consider any such statement and should understand that many factors could cause actual results to differ from our forward looking statements.  These factors may include inaccurate assumptions and a broad variety of other risks and uncertainties, including some that are known and some that are not.  No forward looking statement can be guaranteed and actual future results may vary materially. We do not assume any obligation to update any forward-looking statement.  As a result, investors should not place undue reliance on these forward-looking statements.

 

ITEM 1.01 ENTRY INTO A MATERIAL DEFINITIVE AGREEMENT .

 

On October 15, 2018 HPIL HOLDING signed an Asset Purchase Agreement with RodDoc, LLC, Frank Dougherty and Christopher Philbrick to acquire all of the assets and business, including the including the intellectual property for “spiral banding” of RodDoc, Inc. horizontal directional drilling rod resurfacing business, referred to herein as “RODDOC”. Subject to the performance by Seller of all of its obligations under the Agreement, at Closing, HPIL HOLDING will delivery to the Seller Three Hundred and Fifty Million (350,000,000) restricted shares, $0.0001 par value, of its Common Stock.

 

The Agreement is attached hereto as Exhibit 99.1.

 

ITEM 9.01 FINANCIAL STATEMENTS AND EXHIBITS.

 

(d) Exhibits.  The exhibits listed in the following Exhibit Index are filed as part of this Current Report on Form 8-K.

 

99.1 Asset Purchase Agreement with RodDoc, LLC, Frank Dougherty and Christopher Philbrick to acquire all of the assets and business, including the including the intellectual property for “spiral banding” of RodDoc, Inc. horizontal directional drilling rod resurfacing business, referred to herein as “RODDOC”.

 

 

  1  

 

 

SIGNATURES

 

Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the registrant has duly caused this Report to be signed on its behalf by the undersigned thereunto duly authorized.

 

 

 

HPIL Holding

(Registrant)

     
Date: October 18, 2018 By: 

/s/ Nitin Amersey

    Nitin Amersey
    Chief Executive Officer

 

  2  

 

 

 

 

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