Current Report Filing (8-k)
November 02 2015 - 7:51AM
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) November 1, 2015
AS-IP TECH, INC.
(Exact name of registrant as specified in its charter)
Delaware 000-27881 522101695
(State or other jurisdiction of (Commission file (IRS Employer
incorporation or organization) number) Identification No.)
Suite 3, Level 7, 24 Collins Street
Melbourne, Victoria, Australia 3000
(Address of principal executive officers) (Zip Code)
|
+1 424-888-2122
Registrants telephone number, including area code
ASI ENTERTAINMENT, INC.
(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):
[ ] 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))
Item 1.02. Termination of a Material Definitive Agreement.
The Company has advised ASiQ Limited ("ASiQ"), the licensee of the Companys
SafeCell intellectual property, that the License Agreement dated May 29, 2008
is to be terminated immediately, and ASiQ has agreed to the termination. Under
the Agreement, ASiQ had the right to develop, manufacture and market the
SafeCell intellectual property and ASiQ was to pay the Company a Royalty Fee
of 10% of the revenue generated by SafeCell and received by ASIQ. The Company
will pay ASiQ a termination fee of $450,000 on terms to be agreed.
As a result of the termination, the Company will now control 100% of its
intellectual property.
The directors of the Company retain shareholdings in ASiQ and three of the
Companys directors, Mr Ron Chapman, Mr Graham Chappell and Mr Philip Shiels,
are directors of ASiQ.
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, Registrant
has duly caused this report to be signed on its behalf by the undersigned
thereunto duly authorized.
AS-IP TECH, INC.
(Registrant)
By: /s/ PHILIP SHIELS
Philip Shiels
Chief Executive Officer & Chief Financial Officer
Date: November 1, 2015
|
AS IP Tech (CE) (USOTC:IPTK)
Historical Stock Chart
From Jul 2024 to Jul 2024
AS IP Tech (CE) (USOTC:IPTK)
Historical Stock Chart
From Jul 2023 to Jul 2024