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| DOMK.OB > SEC Filings for DOMK.OB > Form 8-K on 7-Aug-2009 | All Recent SEC Filings |
7-Aug-2009
Entry into a Material Definitive Agreement, Change in Directors or Prin
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. The Closing occurred on May 22, 2009.
On July 30, 2009, we sold all our interest in Victory Lane to R. Thomas Kidd in return for Twenty Five Million Shares (25,000,000) of our Common Stock held by R. Thomas Kidd. A copy of the Securities Purchase Agreement was filed as Exhibit 10.1 to our filing on Form 8-K on July 31, 2009.
On August 6, 2009, we rescinded the sale of Victory Lane to R. Thomas Kidd. No shares of common stock were issued in the prospective transaction. A Copy of the recission agreement and executive Board action is attached hereto as Exhibit 10.1(a).
On August 6, 2009, Scott Sieck resigned as President, Chief Executive Officer. There were no disagreements with Scott Sieck on any matter of accounting principles or practices, financial statement disclosure or auditing scope or procedure.
On August 6, 2009, Scott Sieck was appointed as our Chief Operating Officer. R. Thomas Kidd retained his positions as President, Chief Executive Officer, Chief Financial Officer and Director.
10.1 Recission Agreement and Executive approval, dated on August 6, 2009.
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