Item 1.01 Entry into a Material Definitive Agreement.
On the 15th day of October, 2020,
Also noted in this agreement is
The Buyer will acquire 100% ownership of the Company and all preexisting assets and with all preexisting liabilities. In exchange, Sellers shall receive:
1. Eight Hundred Thousand Dollars (
at closing, at price at or near$0.20 per share.
2. Share Buyback Agreement - After 24 months, the Buyer agrees to buy back
Seller's shares that are below the original issued price per share for cash, at the issued price of the shares, within 30 day of notice from Sellers. This is a one- time transaction that cannot be phased in over time.
3.
Sellers, inIndia or other locations managed by Sellers, less ½ of that amount to be received by Partner. Payments will be made semi-annually, in cash or shares as opted by the Sellers.
4.
run by Sellers, inIndia or other locations managed by Seller, less ½ of that amount to be received by Partner. Payments will be made semi-annually, in cash or shares as opted by the Sellers.
5.
Seller, inIndia or other locations managed by Seller, less ½ of that amount to be received by Partner. Payments will be made semi-annually, in cash or shares as opted by the Sellers.
The description of the transaction contemplated by this agreement does not purport to be complete and is qualified in its entirety by reference to the full text of the documents filed as exhibits hereto and incorporated herein by reference.
On the 16th day of October, 2020,
Also noted in this agreement is
The Buyer will acquire 100% ownership of the Company and all preexisting assets and with all preexisting liabilities. In exchange, Sellers shall receive:
1. Eight Hundred Thousand Dollars (
at closing, at price at or near$0.20 per share.
2. Share Buyback Agreement - After 24 months, the Buyer agrees to buy back
Seller's shares that are below the original issued price per share for cash, at the issued price of the shares, within 30 day of notice from Sellers. This is a one- time transaction that cannot be phased in over time.
3.
Sellers, inIndia or other locations managed by Sellers, less ½ of that amount to be received by Partner. Payments will be made semi-annually, in cash or shares as opted by the Sellers.
4.
run by Sellers, inIndia or other locations managed by Seller, less ½ of that amount to be received by Partner. Payments will be made semi-annually, in cash or shares as opted by the Sellers. 1
5.
Seller, inIndia or other locations managed by Seller, less ½ of that amount to be received by Partner. Payments will be made semi-annually, in cash or shares as opted by the Sellers.
The description of the transaction contemplated by this agreement does not purport to be complete and is qualified in its entirety by reference to the full text of the documents filed as exhibits hereto and incorporated herein by reference.
Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
In
Item 9.01 Financial Statements and Exhibits.
(d) Exhibits. The following is a complete list of exhibits filed as part of this Report. Exhibit numbers correspond to the numbers in the exhibit table of Item 601 of Regulation S-K.
Exhibit (2) Futuris Acquisition Agreement - TalentBeacon HR Solutions Exhibit (2.1) Addendum to Futuris Acquisition Agreement - TalentBeacon HR Solutions Exhibit (2.2) Futuris Acquisition Agreement -TalentBeacon LLC Exhibit (2.3) Addendum to Futuris Acquisition Agreement -TalentBeacon LLC 2
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