Attached files
| file | filename |
|---|---|
| EX-10.2 - Oro East Mining, Inc. | v197766_ex10-2.htm |
| EX-10.1 - Oro East Mining, Inc. | v197766_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
Date of Report (Date of earliest event
reported): September 10,
2010
Oro
East Mining, Inc.
(formerly
known as Accelerated Acquisitions I, Inc.)
(Exact Name of Registrant as Specified
in its Charter)
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Delaware
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000-53136
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26-2012582
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(State
or Other Jurisdiction of Incorporation)
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(Commission
File No.)
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(I.R.S.
Employer Identification No.)
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1127
Webster Street, Suite 28, Oakland, CA
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94607
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(Address
of Principal Executive Offices)
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(Zip
Code)
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Registrant’s telephone number, including
area code: (510) 544-1516
n/a
(Former name or former address, if
changed since last report)
(Address
of Principal Offices)
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):
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o
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Written
communications pursuant to Rule 425 under the Securities Act (17 CFR
230.425)
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o
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Soliciting
material pursuant to Rule 14a-12 under the Exchange Act (17 CFR
240.14a-12)
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o
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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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o
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Pre-commencement
communications pursuant to Rule 13e-4(c) under the Exchange Act (17
CFR 240.13e-4(c))
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TABLE OF CONTENTS
Item 1.01 Entry into a Material
Definitive Agreement
Item 5.03 Amendments to Articles of Incorporation
or Bylaws; Change in Fiscal Year
Item 8.01 Other
Events
Item 9.01 Financial Statements and
Exhibits
SIGNATURES
EXHIBIT INDEX
Item 1.01 Entry into a Material Definitive
Agreement
1) On
September 10, 2010, the Company entered into a Limited Agency and Services
Agreement (“Agreement”) with Sichuan Dujiangyan Weida Company, Limited, dba
Weida Co., Ltd. (“Agent”). Pursuant to the terms of the Agreement,
Agent agreed to do certain research and purchase certain equipment for use in
commencing the Company’s mining operations with respect to the Company’s mining
claims in the Philippines. Agent further agreed to fund the cash
required to fund the first three months of the Company’s mining operations in
the Philippines, including the purchase of the required equipment. As
compensation for such services and the purchase of the required equipment, the
Company agreed to pay Agent the sum of US$860,000 on or before November 10,
2010. The amount payable also carries interest at a rate of four
percent (4%) per annum on any unpaid amounts. At the Agent’s option,
Agent may accept payment of the aforementioned amount in the Company’s common
stock valued at $2.00 per share. The Agent also agreed to enter into
a covenant not to compete with the Company for the duration of the Agreement and
for two (2) years thereafter. The parties agreed to a liquidated
damages provision calling for a payment in the amount of $100,000 in the event
of any breach of this covenant not to compete. A copy of the
Agreement is attached as Exhibit 10.1
2) On
July 28, 2010, the Company opened an office in Hong Kong located at Regus
Millenium City, 32/F Tower 1, Millenium City, 388 Kwun Tong Road, Kwun Tong,
Kowloon, Hong Kong pursuant to the terms of an Office Service Agreement with
Regus Millenium City. Pursuant to the terms of the Agreement, the
Company agreed to a tenancy for a term of two (2) years commencing August 1,
2010 at a monthly fee of HK$5,500 (approximately US$710.00). A copy of the
Office Service Agreement is attached as Exhibit 10.2
Item 5.03 Amendments to Articles of
Incorporation or Bylaws; Change in Fiscal Year
On
September 20, 2010, the Company filed a Certificate of Amendment of its
Certificate of Incorporation with the Secretary of State of the State of
Delaware pursuant to which the Company changed its name from Accelerated
Acquisitions I, Inc. to Oro East Mining, Inc.
Item 8.01 Other
Events
On or
about September 1, 2010, the Company opened offices on the site of it mining
operations in the Philippines at 1028 Tindalo St., Brgy., Sainz, Mati City,
Philippines 8200.
SIGNATURES
Pursuant to the requirements of the
Securities and Exchange Act of 1934, the registrant has duly caused this report
to be signed on its behalf by the undersigned hereunto duly
authorized.
Oro East Mining,
Inc.
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By:
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/s/ Tian Qing
Chen
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Name:
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Tian Qing
Chen
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Title: Chairman and CEO
Dated: September 26, 2010
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NUMBER
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DESCRIPTION
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10.1
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Limited
Agency and Services Agreement dated as of September 10, 2010 between
Sichuan Dujiangyan Weida Company, Limited, dba Weida Co., Ltd. and the
Company.
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10.2
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Office
Service Agreement dated as of July 28, 2010 between Regus Millenium City
and the Company
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