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EX-10.1 - EXHIBIT 10.1 - Leo Motors, Inc.ex101.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):  July 1, 2014
 
 LEO MOTORS, INC.
(Exact name of registrant as specified in its charter)
 
 
Nevada
 
333-151381
 
95-3909667
(State or Other Jurisdiction
 
(Commission File Number) 
 
(IRS Employer Identification No.)  
of Incorporation)
       

291-1, Hasangok-dong
   
Hanam City, Gyeonggi-do
 
465-250
Republic of Korea
   
(Address of Principal Executive Offices) 
 
(Zip Code)

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
 
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))
 


 
 

 

Item 1.01  Entry Into a Material Definitive Agreement

Item 2.01  Completion of Acquisition or Disposition of Assets
 
On July 1, 2014, Leo Motors, Inc., a Nevada Corporation (the “Company”) acquired all of the outstanding common stock of LGM Co. Ltd., a corporation incorporated in the Republic of Korea (“LGM”), from LGM’s shareholders, which represents  813,747 shares of LGM common stock, in exchange for  47,352,450 shares of the Company's common stock (the “Transaction”) pursuant to the Share Swap Agreement entered into by and between LGM and the Company (the “Agreement”). Pursuant to the Agreement, LGM became a wholly-owned subsidiary of the Company.
 
The Company will file financial statements as required under Securities and Exchange Commission rules within the time periods prescribed by those rules.

The foregoing description of the Agreement is not complete and is qualified in its entirety by reference to Exhibit 10.1, referenced below and is incorporated by reference in its entirety.
 
Item 9.01.
Financial Statements and Exhibits.
 
(a)(b) The financial statements and pro forma financial information for MSLP will be reported on an amended Current Report on Form 8-K not later than September 17, 2014.
 
 
(d)
Exhibits.
 
Exhibit No.
 
Description
     
10.1
 
Share Swap Agreement by and between Leo Motors, Inc. and LGM Co. Ltd.,  dated as of July 1, 2014
 

 
 

 

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.
 
   
LEO MOTORS, INC.
   
Dated: July 8, 2014
By: /s/Shi Chul Kang
 
Shi Chul Kang
 
Chief Executive Officer
 
 
By: /s/ Jun Heng Park
 Jun Heng Park
 Chief Executive Officer