Attached files
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: August 24, 2011
30DC, INC.
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(Exact name of registrant as specified in its charter)
MARYLAND 000-30999 16-1675285
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(State or other jurisdiction (Commission File Number) (IRS Employer
of incorporation) Identification No.)
80 BROAD STREET, 5TH FLOOR, NEW YORK, NY 10004
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(Address of principal executive offices and Zip Code)
Registrant's telephone number, including area code (212) 962-4400
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):
|_| 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))
SECTION 1 - REGISTRANT'S BUSINESS AND OPERATIONS
ITEM 1.01 ENTRY INTO A MATERIAL DEFINITIVE AGREEMENT.
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On August 24, 2011, 30DC, Inc. ("the Company") entered into a Share Sale and
Purchase Agreement ("the Agreement") with rivusTV, Limited ("rivusTV"), a
Victoria, Australia Limited Company.
The Agreement provides for the Company to purchase all of the issued and
outstanding shares of rivusTV in exchange for common shares of the Company equal
to 45% of the total issued and outstanding shares of the Company. The shares are
exchangeable on a prorate basis with the shares of rivusTV. Upon closing
rivusTV, will become a wholly-owned subsidiary of the Company.
Closing of the Acquisition is conditioned upon the Company's completion of a $5
Million dollar (Australian) financing by October 31, 2011.
RivusTV provides turnkey video streaming solutions that allow anyone to
broadcast from almost anywhere. They provide access to a growing number of
national and international communities of interest, making it possible for
businesses, government, sports clubs, etc. to broadcast video content at no cost
to the broadcaster.
SECTION 9 - FINANCIAL STATEMENTS AND EXHIBITS
ITEM 9.01. FINANCIAL STATEMENTS AND EXHIBITS.
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(D) EXHIBITS. The following is a complete list of exhibits filed as
part of this Report. Exhibit numbers correspond to the numbers in the exhibit
table of Item 601 of Regulation S-K.
EXHIBIT NO. DESCRIPTION
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10.1 Share Sale and Purchase Agreement, dated August 24, 2011.
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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.
30DC, INC.
By: /s/ Theodore A. Greenberg
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Theodore A. Greenberg, Chief Financial Officer
Date: August 30, 2011
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