Current Report Filing (8-k)
May 07 2018 - 2:47PM
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) off The Securities Exchange Act of 1934
Date
of Report (Date of earliest event reported):
April 26, 2018
CANNABIS
LEAF INCORPORATED
(Exact
name of registrant as specified in charter)
Nevada
|
000-55467
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47-2055848
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(State
or other jurisdiction of incorporation)
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(Commission
File Number)
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(IRS
Employer Identification No.)
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4500
9
th
Avenue NE
Seattle,
Washington
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98105
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(Address
of principal executive offices)
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(Zip
Code)
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(206)
430-6250
Registrant’s
telephone number
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))
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Item
1.02
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Termination
of a Material Definitive Agreement
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On
May 3, 2018 Cannabis Leaf Incorporated (the “Company”) executed a Settlement and Release Agreement (the “Settlement
Agreement”) with AGH WA, LLC in order to terminate the License Agreement and cease the business relationship between the
Parties, and remedy any defaults of the terms and conditions of the License Agreement.
The
compensation pertaining to entering into the Settlement Agreement is an aggregate total of 2,600,000 Restricted Common Shares.
The
foregoing description of the Settlement Agreement is qualified in its entirety by reference to the full text of the Settlement
Agreement which is filed as Exhibit 10.1 to this Current Report on Form 8-K and incorporated herein by reference
On
April 26, 2018, the Company provided a Notice of Termination to Green Venture Capital Inc., Pursuant to the Letter of Intent entered
into by the Company and Green Venture Capital, Inc. on October 24, 2017. No Consideration has been paid to date.
ITEM
9.01 Financial Statements and Exhibits.
(d)
Exhibits.
Exhibit
No.
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Description
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10.1
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Settlement
and Release Agreement
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10.2
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Notice
of Termination
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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.
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CANNABIS
LEAF INCORPORATED
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Date:
May 4, 2018
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By:
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/s/ Jason
Sakowski
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Jason
Sakowski, President & C.E.O.
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