UNITED STATES
SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

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FORM 8-K
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CURRENT REPORT

Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934

Date of report (date of earliest event reported): June 2, 2015

ZAXIS INTERNATIONAL INC.
(Exact Name of Registrant as Specified in its Charter)

Commission File No.: 0-15476

Registrant's Telephone Number, including area code: (972) 52-579-5082

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))

Item 1.01 Entry Into a Material Definitive Agreement.

On March 16, 2015, Zaxis International Inc., a Delaware corporation (the "Registrant") filed a Form 8-K reporting that it had signed a Share Exchange Agreement with Emerald Medical Applications Ltd ("Emerald"), a copy of which was attached as Exhibit 10.4 to the March 16 Form 8-K. The closing of the Share Exchange Agreement is scheduled to occur on or about the date that the Registrant files complete disclosure regarding the Registrant and Zaxis ("Form 10 Disclosure"), which Form 10 Disclosure will be filed with the SEC in either a Form 8-K/12g under the Exchange Act and/or in a Registration Statement on Form S-1 under the Securities Act of 1933, as amended (the "Closing").

On June 2, 2015, in contemplation of the Closing of the Share Exchange Agreement, the Registrant entered into a loan agreement with Emerald pursuant to which the Registrant loaned Emerald an additional US$100,000. A copy of the June 2, 2015 Loan Agreement is filed as Exhibit 10.8 to this current report. The Registrant in a Form 8-K filed on May 1, 2015, reported previous loans to Emerald the proceeds of which are being applied to and are a part of the Registrant's obligation under the Share Exchange Agreement to raise US$800,000 in equity capital, which obligation has been satisfied by the Registrant, which obligation has been satisfied in full.

The Registrant expects that the Closing of the Share Exchange Agreement will occur during the week of June 8, 2015.

Item 9.01 Financial Statements and Exhibits

(a) The following documents are filed as exhibits to this report on Form 8-K or incorporated by reference herein. Any document incorporated by reference is identified by a parenthetical reference to the SEC filing that included such document.

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.