Attached files
| file | filename |
|---|---|
| EX-10.1 - Eco-Trade Corp. | v172062_ex10-1.htm |
UNITED
STATES
SECURITIES
AND EXCHANGE COMMISSION
Washington,
DC 20549
FORM
8-K
CURRENT
REPORT
Pursuant
to Section 13 OR 15(d) of the Securities and Exchange Act of 1934
Date of
Report (Date of earliest event reported): January 20,
2010
YASHENG
ECO-TRADE CORPORATION
(Exact
name of registrant as specified in charter)
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Delaware
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001-12000
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13-3696015
|
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(State
or other jurisdiction
|
(Commission
|
(IRS
Employer
|
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of
incorporation)
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File
Number)
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Identification
No.)
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1061 ½ N
Spaulding Ave., Los Angeles, CA 90046
(Address
of principal executive offices) (Zip Code)
Registrant's
telephone number, including area code: (323) 822-1750
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 Instructions A.2. below):
o Written
communications pursuant to Rule 425 under the Securities Act (17 CFR
230.425)
o Soliciting
material pursuant to Rule 14a-12 under the Exchange Act (17 CFR
240.14a-12)
o Pre-commencement
communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR
240.14d-2(b))
o Pre-commencement
communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR
240.13e-4(c))
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Item 1.01
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Entry
into a Material Definitive
Agreement
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Item
3.02
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Unregistered
Sales of Equity Securities
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On
January 20, 2010, Yasheng Eco-Trade Corp. (the “Company”), in an effort to
reduce outstanding debt of the Company, entered into an Exchange Agreement with
Moran Atias (“Atias”) whereby the Company and Ms. Atias exchanged $100,000 of a
promissory note in the amount of $150,000 held by Ms. Atias into 13,000,000
shares of common stock of the Company, in a transaction made pursuant to Section
3(a)(9) of the Securities Act of 1933. The promissory note, of which
a portion was converted by Ms. Atias, was initially issued on August 8,
2008. The Company’s issuance of the securities described in the
preceding sentence is exempt from registration under the Securities Act of 1933
pursuant to the exemption from registration provided by Section 4(2) of the
Securities Act of 1933 for a transaction not involving a public offering of
securities.
The
preceding discussion is qualified in its entirety by, and is subject to, the
full text of the Exchange Agreement, which is filed as Exhibit 10.1 to this
Current Report on Form 8-K and are incorporated herein.
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Financial Statements and
Exhibits
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Exhibit
No.
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Description
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10.1
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Exchange
Agreement dated January 20, 2010 between Yasheng Eco-trade Corporation and
Moran Atias
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SIGNATURES
Pursuant
to the requirements of the Securities Exchange Act 1934, the registrant has duly
caused this report to be signed on its behalf by the undersigned, thereunto duly
authorized.
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YASHENG
ECO-TRADE CORPORATION
|
|
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By:
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/s/
Yossi Attia
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Name: Yossi
Attia
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Title:
Chief Executive
Officer
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Date:
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January
22, 2010
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Los
Angeles, California