Search the web
Welcome, Guest
[Sign Out, My Account]
EDGAR_Online

Quotes & Info
Enter Symbol(s):
e.g. YHOO, ^DJI
Symbol Lookup | Financial Search
WTWO.PK > SEC Filings for WTWO.PK > Form 8-K on 23-Jan-2009All Recent SEC Filings

Show all filings for W2 ENERGY INC | Request a Trial to NEW EDGAR Online Pro

Form 8-K for W2 ENERGY INC


23-Jan-2009

Entry into a Material Definitive Agreement, Unregistered Sale of Equity Securities,


Item 1.01 Entry into a Material Definitive Agreement.

On January 19, 2009, we received a fully executed copy of an Asset Purchase and License Agreement (the "Asset Agreement"), dated effective as of January 12, 2009, between us and Blue Vista Technologies, Inc. Under the terms of the Asset Agreement, we have purchased a mobile plasma waste treatment facility for Fifty Thousand Dollars ($50,000), payable in the form of a convertible debenture. The debenture will mature in two (2) years, bears interest at the rate of twelve percent (12%) per year, and is convertible by the holder into our common stock at $0.05 per share. In addition, we have agreed to pay up to $5,000 in asphalt repairs upon removal of the facility.



Item 3.02 Unregistered Sales of Equity Securities.

In conjunction with the execution of the Asset Agreement, we will issue to Blue Vista Technologies, Inc. a convertible debenture in the face amount of $50,000. The debenture will mature in two (2) years, bears interest at the rate of twelve percent (12%) per year, and is convertible by the holder into our common stock at $0.05 per share. The issuance will be exempt from registration pursuant to Section 4(2) of the Securities Act of 1933, and the holder is a sophisticated investor familiar with our business.



Item 9.01 Financial Statements and Exhibits

Exhibit No.        Description

  10.1               Asset Purchase and License Agreement dated effective as of January 12,
                   2009

  Add WTWO.PK to Portfolio     Set Alert         Email to a Friend  
Get SEC Filings for Another Symbol: Symbol Lookup
Quotes & Info for WTWO.PK - All Recent SEC Filings
Sign Up for a Free Trial to the NEW EDGAR Online Pro
Detailed SEC, Financial, Ownership and Offering Data on over 12,000 U.S. Public Companies.
Actionable and easy-to-use with searching, alerting, downloading and more.
Request a Trial      Sign Up Now


Copyright © 2010 Yahoo! Inc. All rights reserved. Privacy Policy - Terms of Service
SEC Filing data and information provided by EDGAR Online, Inc. (1-800-416-6651). All information provided "as is" for informational purposes only, not intended for trading purposes or advice. Neither Yahoo! nor any of independent providers is liable for any informational errors, incompleteness, or delays, or for any actions taken in reliance on information contained herein. By accessing the Yahoo! site, you agree not to redistribute the information found therein.