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EX-10.18 - MIT Holding, Inc. | mitholding8k010611ex1018.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): December 22, 2010
MIT HOLDING, INC.
(Exact name of registrant specified in charter)
Delaware |
333-13679 |
20-5068091 |
(State of Incorporation) |
(Commission File Number) |
(IRS Employer Identification No. ) |
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37 West Fairmont Avenue, Suite 202
Savannah, Georgia 31406
(Address of principal executive offices, including zip code)
(912) 925-1905
(Registrant's telephone number, including area code)
This Current Report on Form 8-K is filed by MIT Holding Inc., a Delaware corporation, in connection with the items described below.
Item 1.01 Entry into a Material Definitive Agreement
On December 22, 2010, MIT Holding Inc. (MIT or the Company) executed a Letter of Intent (attached hereto as Exhibit 10.18) to acquire one hundred Percent (100%) of the two companies, National Direct Home Pharmacy, Inc and Palmetto Long Term Pharmacy, LLC in South Carolina. Per the letter of intent, the Company will acquire a fully operating home delivery/mail order pharmacy with licenses and government awards, private nursing home contracts and a large individual customer base in exchange for ten dollars ($10.00) in cash and one million (1,000,000) shares of the Companys common stock (the Shares). The Shares will be held in an escrow account until such time as certain liabilities have been paid in full.
Item 9.01 Financial Statements and Exhibits.
10.18 Letter of Intent to Acquire National Direct Home Pharmacy, Inc. and Palmetto Long Term
Pharmacy, LLC
SIGNATURE
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.
Dated: January 5, 2011
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MIT HOLDING, INC. |
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By: |
/s/ William Parker |
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Name: William Parker |
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Title: Chief Executive Officer |
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