Attached files
| file | filename |
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| EX-10.1 - ASSET PURCHASE AGREEMENT DATED JULY 27, 2010 - OMNICITY CORP. | ex10-1.htm |
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
July 27, 2010
Date of Report (Date of earliest event reported)
OMNICITY CORP.
(Exact name of registrant as specified in its charter)
|
Nevada |
000-52827 |
Not applicable |
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(State or other jurisdiction of incorporation) |
(Commission File Number) |
(IRS Employer Identification No.) |
807 S State Rd 3, Rushville, Indiana, USA |
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46173 |
(Address of principal executive offices) |
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(Zip Code) |
(317) 903-8178
Registrant's telephone number, including area code
Not applicable
(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:
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[ ] |
Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) |
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[ ] |
Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) |
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[ ] |
Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) |
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[ ] |
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.
Effective July 27, 2010, Omnicity Incorporated (the "Company"), a subsidiary of Omnicity Corp., purchased the telecommunication systems and subscribers of RAA Services (a proprietorship of R. Scott Dunn) ("RAA") located in Lisbon, Ohio. The Company purchased RAA's telecommunications systems pursuant to the terms of an Asset Purchase Agreement, including amendments, dated for reference July 27, 2010 (the "Agreement") by and between R. Scott Dunn and the Company, which Agreement is attached hereto as Exhibit 10.1.
Pursuant to the terms of the Agreement, the Company paid a total purchase price of $75,000 for RAA's telecommunications systems and customers' relationships, as follows:
- cash consideration of $20,000; and
- $55,000 payable in the form of common stock of Omnicity Corp. determined by dividing $55,000 by the per share price for Omnicity Corp's common stock for the 15 trading days prior to the close of business on September 25, 2010.
Item 9.01 Financial Statements and Exhibits
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Exhibit |
Description |
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10.1 |
Asset Purchase Agreement dated July 27, 2010 |
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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OMNICITY CORP. |
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Date: July 28, 2010 |
"Don Prest" |