Attached files
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EX-10 - DigitalTown, Inc. | rezservespav3clean.htm |
UNITED STATES FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of the |
Date of Report: September 14, 2016 | ||
DigitalTown, Inc. | ||
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MN | 000-27225 | 411427445 |
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10655 NE 4th St. Bellevue, WA |
| 98004 (Zip Code) |
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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))
Section 1 – Registrant’s Business and Operations
Item 1.01 Entry into Definitive Agreement
On September 13, 2016, the Company entered into a Stock Purchase Agreement with Clint Skidmore and Kaiyaco Ventures Ltd (Sellers). Sellers are the owners of 100% of the issued and outstanding stock of Rezserve Technologies, Ltd., a British Columbia company (Rezserve), in consideration of $1,600,000, payable in the form of the issuance of 3,000,000 shares of common stock and a convertible note for $400,000. The convertible note does not earn interest and is payable one year from the date of issuance. The holders of the note may convert the amount due into shares of the Companys common stock. The Agreement closed September 14, 2016.
Section 9 Exhibits and Financial Statements
Item 9.01 Exhibits
Exhibit 10.1
Stock Purchase Agreement
SIGNATURES
Dated: September 15, 2016 | DIGITALTOWN, INC By: /s/ Robert S. Monster |
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