Current Report Filing (8-k)
October 21 2019 - 3:05PM
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
September
26, 2019
Date
of Report (Date of earliest event reported)
EMPIRE
POST MEDIA, INC.
(Exact
name of registrant as specified in its charter)
Nevada
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000-55962
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27-1122308
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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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2620
Regatta Drive, Suite 102
Las
Vegas, Nevada
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89128
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(Address
of principal executive offices)
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(Zip
Code)
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(832)
256-6714
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 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))
SECTION
1 – REGISTRANT’S BUSINESS AND OPERATIONS
1.01
Entry into a Material Definitive Agreement.
On
or about October 1, 2019, the Company entered into an office sublease agreement (hereinafter referred to as the “Lease Agreement”)
with Winners Cycles, LLC, a Nevada limited liability company, whose business address of 7955 West Sahara Avenue, Suite 102, Las
Vegas, Nevada 89117 (hereinafter referred to as the “Sublessor”). Pursuant to the Sublease Agreement, the Company
subleased the commercial space located at 5031 Wagon Trail Avenue, Suite 102-106, Las Vegas, Nevada 89118 (hereinafter referred
to as the “Office Space”). The Office Space consists of five different commercial suites which have been previously
modified to be one contiguous office, showroom, and service center consisting of 8,954 square feet of rentable space. The Company
paid to the Sublessor an initial deposit of $12,804.22 and has agreed to pay basic monthly rent of $8,506.30 plus monthly CAMS
of $3,402.52 resulting in a full monthly payment of $11,908.82 to Sublessor with three annual rent abatements (e.g. November 2019,
October 2020, and October 2021) whereby the Company only has to pay the CAMS for each particular monthly abatement of $3,402.52.
The Lease Agreement terminates on July 22, 2022. The Company received approval for up to $15,000 in Office improvements to be
paid for by the Sublessor. Additionally, according to section 2.3 of the Lease Agreement, if the Company is unable to get approval
for a “Special Use Permit” (hereinafter referred to as the “SUP”) by Clark County, Department of Comprehensive
Planning using commercially reasonable efforts, the Company will be allowed to terminate the Lease Agreement upon written notice
of termination to the Sublessor which requires evidence of such denial of the SUP. If the Company terminates the Lease Agreement
for denial of the SUP pursuant to the above subsection of the Lease Agreement, the Company will receive a refund of all monies
paid to the Lessor to date and the parties to the Lease Agreement shall have no further obligations to each other.
SECTION
8 – OTHER EVENTS ITEM
8.01
Other Events.
On
or about September 26, 2019, the Company entered into a promissory note with Saean, Inc., a Nevada corporation, whose business
address is 7055 West Laredo, Las Vegas, Nevada 89117 (hereinafter referred to as the “Promissory Note”) in the amount
of $125,000. The Promissory Note is due and payable on December 25, 2019 and carries an interest rate of 6%.
SECTION
9 - FINANCIAL STATEMENTS AND EXHIBITS
ITEM
9.01 FINANCIAL STATEMENTS AND EXHIBITS
(a)
Financial Statements of Business Acquired.
Not
Applicable
(b)
Pro forma Financial Information.
Not
applicable.
(c)
Shell Company Transaction.
Not
applicable.
(d)
Exhibits.
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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EMPIRE
POST MEDIA, INC.
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DATE:
October 21, 2019
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By:
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/s/
Ian N. Dixon
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Name:
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Ian
N. Dixon
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Title:
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President
and Chief Operating Officer
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