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Quotes & Info
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| WTWO.PK > SEC Filings for WTWO.PK > Form 8-K on 23-Jan-2009 | All Recent SEC Filings |
23-Jan-2009
Entry into a Material Definitive Agreement, Unregistered Sale of Equity Securities,
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.
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.
Exhibit No. Description
10.1 Asset Purchase and License Agreement dated effective as of January 12,
2009
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