Attached files
file | filename |
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EX-10.2 - EXHIBIT 10.2 - TRANSAKT LTD. | exhibit10-2.htm |
EX-10.1 - EXHIBIT 10.1 - TRANSAKT LTD. | exhibit10-1.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) June 15, 2016
TRANSAKT LTD.
(Exact name of registrant as specified in its charter)
Nevada | 000-50392 | 98-0514250 |
(State or other jurisdiction of | (Commission File Number) | (IRS Employer |
incorporation) | Identification No.) |
Unit 8, 3/F. Wah Yiu Industrial Centre, 30-32 Au Pui Wan St. | |
Fotan, Hong Kong | n/a |
(Address of principal executive offices) | (Zip Code) |
Registrants telephone number, including area code 852-52389111 |
N/A
(Former name or former address, if
changed since last report.)
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:
[ ] 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))
2
Item 1.01 Entry into a Material Definitive Agreement
On July 15, 2016, TransAKT Ltd. (we", "us" "our, the Company) entered into Securities Purchase Agreement with our President, Chief Executive Officer and Director, Ho Kang-Wing, pursuant to which we issued to Mr. Ho a Convertible Promissory Note (the Note) in consideration of $1,000,000 in cash proceeds. The Note bears interest at the rate of 8% per annum and may be prepaid in whole or in part without penalty before the maturity date of July 14, 2018. At the option of the Holder, the outstanding principal and accrued interest underlying Note may be converted from time, on or following the maturity date, into common shares of our Company at the price of $0.01 per share.
Item 9.01 Financial Statements and Exhibits
10.1 |
Share Purchase Agreement dated July 15, 2016 with Ho Kang-Wing |
10.2 |
Convertible Promissory Note issued July 15, 2016 with Ho Kang-Wing |
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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.
TRANSAKT LTD.
/s/ Yam Chi-Wah | |
Yam Chi-Wah | |
Chief Financial Officer | |
Date: July 18, 2016 |