Current Report Filing (8-k)
23 March 2019 - 1:40AM
Edgar (US Regulatory)
UNITED
STATES
SECURITIES
AND EXCHANGE COMMISSION
Washington,
DC 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): March 19, 2019
2050
MOTORS, INC.
(Exact
name of Registrant as specified in its Charter)
California
|
|
001-13126
|
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83-3889101
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(State
or other jurisdiction
of
incorporation)
|
|
(Commission
File
No.)
|
|
(IRS
Employer
Identification
No.)
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1340
Brook Street Suite M, St Charles, IL 60174
(Address
of principal executive offices)
(630)
708-0750
(Registrant’s
Telephone Number)
(Former
name or 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 (see General Instruction A.2. below):
[ ]
|
Written
communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
|
[ ]
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Soliciting
material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
|
[ ]
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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))
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Indicate
by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (17 CFR
230.405) or Rule 12b-2 of the Securities Exchange Act of 1934 (17 CFR 240.12b-2) [X]
If
an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for
complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act [X]
2050
Motors, Inc. is referred to herein as “we”, “us”, or “us”
ITEM
1.01 ENTRY INTO A MATERIAL DEFINITIVE AGREEMENT
On
March 19, 2019, we completed a Strategic Consulting Agreement (the “Agreement”) with Edge Fibernet, Inc. (“Edge”)
to provide the following consulting services, among others: marketing strategies, development work in financial
projects and launch new product initiatives. The Agreement terms include a one year term, compensation of 10 million
common stock purchase warrants with an exercise price of $0.005, a 3 year Warrant Exercise Period and a cashless exercise
feature. Additionally, Edge will provide us with an option to lease 4,000 square feet at Edge’s New York headquarters
to develop a showroom and corporate location for our products, services and operations. Such lease is contingent upon our ability
to receive adequate funding.
Item
9.01. Financial Statements and Exhibits.
(d)
Exhibits
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.
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2050 MOTORS, INC.
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Date: March 22, 2019
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By:
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/s/
Vikram Grover
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Vikram Grover
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Chief Executive
Officer
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