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EX-10 - EXHIBIT 10.7 - KinerjaPay Corp.exh10_7.htm


UNITED STATES
SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

___________________

FORM 8-K/A
___________________

CURRENT REPORT

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

Date of report (date of earliest event reported): March 21, 2016

 

KINERJAPAY CORP.
(Exact Name of Registrant as Specified in its Charter)

Commission File No.: 333-168068

Delaware 42-1771817
(State of Incorporation) (I.R.S. Employer Identification No.)
   
Jl. Multatuli, No.8A, Medan Indonesia 20151
(Address of Registrant's Office) (ZIP Code)

 

Registrant's Telephone Number, including area code: +62-819-6016-168

Solarflex Corp., 12 Abba Hillel Silver Street, 11th Floor, Ramat Gan 52506, Israel
(Former Name and Address)

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 3.02 Unregistered Sales of Equity Securities.

This Form 8-K/A is being filed to correct the total number of restricted shares issued and sold as reported in the Form 8-K filed by KinerjaPay Corp. (the "Registrant") on March 23, 2016, from 2,163,162 shares to 2,783,333 shares. In all other respects, the Registrant's Form 8-K filed on March 23, 2016 is correct. The table below contains the correct total number of shares issued and sold in reliance upon the exemptions provided in Section 4(2) the Act and Regulation S or, in the instance of one individual, Regulation D, promulgated by the SEC under the Act.

Name of Issuee Date of Issuance Number of Shares Consideration/Valued (2) Bases for Issuance
PT Kinerja Indonesia 03/21/2016 1,333,333 (1) Services
PT Stareast Asset Management 03/21/2016 640,000 $0.50 per unit Subscription Agreement
Firman Eddy Limas 03/21/2016 140,000 $0.50 per unit Subscription Agreement
Christopher Danil 03/21/2016 20,000 $0.50 per unit Subscription Agreement
Eric Wibowo 03/21/2016 40,000 $0.50 per unit Subscription Agreement
Henful Pang 03/21/2016 40,000 $0.50 per unit Subscription Agreement
Hendro Tjahjono 03/21/2016 20,000 $0.50 per unit Subscription Agreement
Jusuf Budianto 03/21/2016 20,000 $0.50 per unit Subscription Agreement
Lau Kin Harn 03/21/2016 20,000 $0.50 per unit Subscription Agreement
Stephanus Titus Widjaja 03/21/2016 20,000 $0.50 per unit Subscription Agreement
Stephen Kurniadi 03/21/2016 20,000 $0.50 per unit Subscription Agreement
Andy Litansen 03/21/2016 30,000 $0.50 per unit Subscription Agreement
Djoahan Farida 03/21/2016 150,000 $0.50 per unit Subscription Agreement
Silvia Hady 03/21/2016 50,000 $0.50 per unit Subscription Agreement
Alfred Herman Goenawan 03/21/2016 200,000 $0.50 per unit Subscription Agreement
Jeffrey Nah Kim Boon 03/21/2016 20,000 $0.50 per unit Subscription Agreement
Daniel Yohansha 03/21/2016 20,000 $0.50 per unit Subscription Agreement
Total Shares Issued 2,783,333

(1) The 1,333,333 Shares issued to PT Kinerja Indonesia pursuant to a Services Agreement dated February 19, 2016, a copy of which is filed as an exhibit 10.7 to this Form 8-K, do not vest until eighteen months from that date but do have voting rights on all matters submitted to the vote of the Registrant's shareholders.
(2) The above-referenced Subscription Agreements were executed during the period commencing December 30, 2015 through March 1, 2016 but the Shares were not issued until after the effective date of the Registrant's reverse split, which was March 10, 2016.

Item 9.01 Financial Statements and Exhibits

(b) The following documents are filed as exhibits to this current 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.

Exhibit No.

Description
10.7 Service Agreement between the Registrant, its subsidiary (in organization), PT. KinerjaPay Indonesia and PT. Kinerja Indonesia, dated February 19, 2016, filed herewith.

 

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the Company has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

KinerjaPay Corp.
     
By: /s/ Edwin Witarsa Ng
Name:  Edwin Witarsa Ng
Title:  Chief Executive Officer

Date: March 28, 2016