Attached files
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EX-10 - DigitalTown, Inc. | dgtwmindsmachinegroupspa1241.htm |
UNITED STATES FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of the |
Date of Report: December 5, 2017 | ||
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
Item 3.02 Unregistered Sales of Equity Securities
On December 5, 2017, the Company entered into a Stock Purchase Agreement with Minds + Machines Group, LTD, a British Virgin Islands corporation (Buyer). The Buyer agreed to purchase up to $2,000,000 of the issued and outstanding stock of the Company, in consideration of $500,000 to be paid on December 6, 2017, $500,000 on March 1, 2018, $500,000 on June 1, 2017 and $500,000 on September 6, 2018. The purchase price per share shall be equal to $500,000 divided by the 30 day volume weighted average closing price of the Companys common stock as traded on the OTCMarkets calculated from the last trading day prior to each payment date.
Section 9 Exhibits and Financial Statements
Item 9.01 Exhibits
Exhibit 10.1
Stock Purchase Agreement
SIGNATURES
Dated: December 6, 2017 | DIGITALTOWN, INC By: __/s/ Robert Monster____________ |
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