- Current report filing (8-K)
June 03 2010 - 2:34PM
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
June 3,
2010
DATE OF REPORT (DATE OF EARLIEST EVENT REPORTED)
HST
Global, Inc.
(EXACT NAME OF REGISTRANT AS SPECIFIED IN ITS
CHARTER)
NEVADA
(STATE OR OTHER
JURISDICTION OF INCORPORATION)
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000-15303
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73-1215433
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(COMMISSION FILE NUMBER)
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(IRS EMPLOYER IDENTIFICATION NO.)
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150 Research Drive, Hampton, VA 23666
(ADDRESS OF PRINCIPAL
EXECUTIVE OFFICES) (ZIP CODE)
757-766-6100
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 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))
ITEM 1.01. ENTRY INTO A MATERIAL DEFINITIVE AGREEMENT
On May 28, 2010, HST Global, Inc. (the "Company") entered into an
agreement (the "Agreement") with Dr. James Forsythe. Pursuant to this
agreement, the Company has agreed to pay $2,000,000 cash for the
acquisition of Dr. Forsythe’s Clinic located in Reno, Nevada. In
addition, the company will enter into a consulting agreement with Dr.
Forsythe in which he will be paid $300,000 per year for a period of 5
years, renewable for 1 year increments thereafter. The agreement will
include a performance provision that will provide bonus incentives based
on volume and profit benchmarks. The company will also enter into a
consulting agreement with Earlene Forsythe. This agreement shall be for
a period of 5 years, renewable for 1 year increments
thereafter. Consultancy compensation shall be $150,000 per year. This
agreement will include a performance provision that will provide bonus
incentives based on volume and profit benchmarks. The company shall
also issue 500,000 shares of HST Global, Inc. common stock at settlement.
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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Dated: June 3, 2010
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HST GLOBAL, INC.
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(Registrant)
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By: /s/ Ron Howell
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Ron Howell
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Chief Executive Officer
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