Amended Current Report Filing (8-k/a)
22 February 2017 - 9:10AM
Edgar (US Regulatory)
___________________________________________
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 8-K/A
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities
Exchange Act of 1934
Date of Report (Date of earliest event reported):
January 29, 2017
NuLife Sciences, Inc.
(Exact Name of Registrant as Specified in Charter)
Nevada
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333-193220
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46-3876675
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(State of Other Jurisdiction
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(Commission File
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(IRS Employer
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of Incorporation)
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Number)
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Identification No.)
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1031 Calle Recodo, Suite B
San Clemente, CA
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92763
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(Address of Principal Executive Offices)
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(Zip Code)
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Registrant’s telephone number, including
area code: (949) 973-0684
(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
[ ] Soliciting material pursuant to Rule 14a-12 under the Exchange
Act
[ ] Pre-commencement communications pursuant to Rule 14d-2(b) under
the Exchange Act
[ ] Pre-commencement communications pursuant to Rule 13e-4(c) under
the Exchange Act
Item 1.01 Entry into a Material Definitive Agreement
On December 30, 2016, the Company
announced on Form 8-K filed on January 6, 2017
,
the completion of that certain Asset Purchase Agreement to acquire all
of the assets (the “Asset Purchase”) of GandTex, LLC, a Texas limited liability company (“GandTex”).
GandTex was the owner of certain patents and licensed rights related to biomedical company focused on advancing human organ
transplant technology and medical research. The assets consisted of certain proprietary patents for eliminating the need for
an organ or tissue match, and the necessity for anti-rejection drugs, as well as management of, and historical data for,
animal trials (the “Trials”) conducted by a third party operating under the GandTex Assets (collectively, the
“Assets”). Pursuant to the terms of the Asset Purchase, and upon achieving certain pro-forma goals, the Company
agreed to provide additional funding for the Trials in the aggregate amount of $300,000. In exchange for the Assets, the
Company issued to GandTex 10,000,000 shares of its Series B Convertible Preferred Stock. GandTex is owned and controlled by a
single individual Managing Member who beneficially owns 70% of GandTex. The Asset Purchase was approved by a majority of the
Company’s disinterested directors.
The first sentence of that disclosure
should have read
“
On December 30, 2016, the Company announced the completion of its Due Diligence related to
that certain Asset Purchase Agreement to acquire all of the assets (the “Asset Purchase”) of GandTex, LLC, a
Texas limited liability company (“GandTex”). GandTex was the owner of certain patents and licensed rights related
to biomedical company focused on advancing human organ transplant technology and medical research.
.
The Company effected the Closing of the purchase
of the Assets on January 29, 2017, upon the delivery by the Company of 10,000,000 shares of the Company’s Series B Convertible
Preferred Stock to GandTex.
Item 3.02 Unregistered Sales of Equity Securities.
As described in Item 1.01 above, pursuant to
the terms of the completed Asset Purchase, the Board issued 10,000,000 shares of Series B Preferred Stock of the Company to GandTex.
GandTex is directed, managed and controlled by a single sophisticated individual Managing Member and has one single accredited
Member.
In respect of the aforementioned securities
issuance of the Company, the security holder is an “accredited investor” as such term is defined by rules promulgated
by the Securities and Exchange Commission (“SEC”). No solicitation was made and no underwriting discounts were given
or paid in connection with these transactions. The Company believes that the issuance of the securities pursuant to the Asset Purchase
was exempt from registration with the SEC pursuant to Section 4(2) of the Securities Act of 1933.
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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NuLife Sciences, Inc.
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Date: February 21, 2017
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By:
/s/ Fred Luke
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Fred Luke, President
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