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DOMK.OB > SEC Filings for DOMK.OB > Form 8-K on 18-May-2009All Recent SEC Filings

Show all filings for DOMARK INTERNATIONAL INC. | Request a Trial to NEW EDGAR Online Pro

Form 8-K for DOMARK INTERNATIONAL INC.


18-May-2009

Entry into a Material Definitive Agreement, Financial Statements and Ex


ITEM 1.01. ENTRY INTO A MATERIAL DEFINITIVE AGREEMENT

On May 13, 2009, we executed an Agreement for the Exchange of Common Stock with Victory Lane LLC, a Colorado limited liability corporation ("Victory Lane") and its members (the "Agreement"), whereby pursuant to the terms and conditions of that Agreement, Domark acquired the right, title, and interest of Victory Lane in and to all of the member interests and assets of Victory Lane in return for our common stock valued at Ten Million Dollars ($10,000,000) based on a formula as described in the Agreement attached hereto as Exhibit 10.1 The Closing underlying the Agreement, subject to certain due diligence and closing requirements, is intended to be on or before May 22, 2009 (unless both parties agree to a permissible extension of seven days).

Victory Lane is a unique and exclusive Lifestyle Development on 3,000 acres approximately 75 miles from Savannah Georgia, which includes exclusive home sites, a 4.5-mile grand prix circuit, a Davis Love III designed golf course and a 6,000' private runway.

The issuance of the securities above will be effected in reliance on the exemptions for sales of securities not involving a public offering, as set forth in Rule 506 promulgated under the Securities Act of 1933, as amended (the

"Securities Act") and in Section 4(2) and Section 4(6) of the Securities Act and/or Rule 506 of Regulation D.



ITEM 9.01. FINANCIAL STATEMENTS, PRO FORMA FINANCIAL INFORMATION AND EXHIBITS.

(d) Exhibits

10.1 Agreement for the Exchange of Common Stock by and between Victory Lane
LLC. and its members, dated May 13, 2009.

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