Attached files
| file | filename |
|---|---|
| EX-99.1 - TERMINATION NOTICE - VelaTel Global Communications, Inc. | chinatel_8k-ex9901.htm |
| EX-99.2 - TENDER OF RESIGNATION - VelaTel Global Communications, Inc. | chinatel_8k-ex9902.htm |
UNITED
STATES
SECURITIES
AND EXCHANGE COMMISSION
Washington,
D.C. 20549
FORM
8-K
CURRENT
REPORT
Pursuant
to Section 13 or 15(d) of the Securities and Exchange Act of
1934
November 2,
2009
Date
of Report (date of Earliest Event Reported)
CHINA
TEL GROUP INC.
(Exact
Name of Registrant as Specified in its Charter)
|
NEVADA
|
98-0489800
|
|
|
(State
or Other Jurisdiction of
Incorporation
or Organization)
|
(Commission
File No.)
|
(I.R.S.
Employer
Identification
No.)
|
8105
Irvine Center Drive, Suite 820, Irvine, CA 92618
(Address of principal executive
offices and zip code)
(949)
585-0222
(Registrant’s
telephone number, including area code)
NOT
APPLICABLE
(Former
name or former address, if changed from 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 (see General
Instruction A.2. below):
|
¨
|
Written
communications pursuant to Rule 425 under the Securities Act (17 CFR
230.425)
|
|
¨
|
Soliciting
material pursuant to Rule 14a-12 under the Exchange Act (17 CFR
240.14a-12)
|
|
¨
|
Pre-commencement
communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR
240.14d-2(b))
|
|
¨
|
Pre-commencement
communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR
240.13e-4(c))
|
Item
1.02 Termination of a
Material Definitive Agreement.
On
November 2, 2009, China Tel Group, Inc. (“Company”) exercised its right to
terminate the Amended and Restated Stock Purchase Agreement (“Agreement”)
previously entered into between the Company and Olotoa Investments, LLC
(“Olotoa”). The Company determined it was necessary to terminate the
Agreement in order to decide on other offers for equity funding currently being
presented to the Company. In terminating the Agreement, the Company
reserved its rights to seek damages from Olotoa for its breach of the
Agreement. Attached as Exhibit 99.1 to this Form 8-K is a copy of the
Company’s Notice of Termination it sent to Olotoa.
Item
5.02 Departure of
Directors or Certain Officers; Election of Directors; Appointment of Certain
Officers; Compensatory Arrangements of Certain Officers.
Effective
November 2, 2009, Mr. Robert P. Weygand, Jr. tendered his resignation as a
member of the Board of Directors of the Company, and the Company’s Board of
Directors accepted the tendered resignation. Attached as Exhibit 99.2
to this Form 8-K is a copy of the Mr. Weygand’s tender of
resignation.
Item
9.01 Exhibits
99.1 Termination
Notice dated November 2, 2009
99.2 Tender of
Resignation dated November 2, 2009
2
SIGNATURE
Pursuant
to the requirements of the Securities and Exchange Act of 1934, as amended, the
registrant has duly caused this report to be signed on its behalf by the
undersigned hereunto duly authorized.
|
CHINA
TEL GROUP, INC.
|
|||
|
Date:
November 2, 2009
|
By:
|
/s/ George
Alvarez
|
|
|
Name:
George Alvarez
|
|||
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Title:
Chief Executive Officer & Director
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