Attached files
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| EX-10.1 - GLOBAL TECH INDUSTRIES GROUP, INC. | v210520_ex10-1.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 Exchange Act of 1934
Date
of Report (Date of earliest event reported): February 9, 2011
TREE
TOP INDUSTRIES, INC.
(Exact
name of Registrant as specified in its charter)
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Nevada
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000-10210
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83-0250943
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(State
or other jurisdiction of
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(Commission
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(IRS
Employer
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incorporation)
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File
Number)
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Identification
No.)
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511
Sixth Avenue, Suite 800,
New
York, NY
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10011
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(Address
of principal executive offices)
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(Zip
Code)
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Registrant’s
telephone number, including area code: (775) 261-3728
N/A
(Former
name or former address, if changed since 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:
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o
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Written
communications pursuant to Rule 425 under the Securities Act (17 CFR
230.425)
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o
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Soliciting
material pursuant to Rule 14a-12 under the Exchange Act (17 CFR
240.14a-12)
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o
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Pre-commencement
communications pursuant to Rule 14d-2(b) under the Exchange Act (17
CFR 240.14d-2(b))
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o
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Pre-commencement
communications pursuant to Rule 13e-4(c) under the Exchange Act (17
CFR 240.13e-4(c))
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SECTION
1. MATERIAL AGREEMENTS
ITEM
1.01 Entry Into
a Material Definitive Agreement
Tree Top
Industries, Inc., a Nevada corporation (the “Company”), has entered into a
Distribution Agreement, dated February 9, 2011, with its wholly-owned
subsidiary, NetThruster, Inc., a Nevada corporation
(“NetThruster”). A copy of the complete Distribution Agreement is
attached to this Report as Exhibit 10.1.
The
Company owns 100% of the total issued and outstanding capital stock of
NetThruster. NetThruster currently has 274,699,100 shares of common
stock issued and outstanding, all of which are held by the Company, and no
shares of preferred stock issued or outstanding. Pursuant to the
Distribution Agreement, the Company has agreed to distribute all of the common
stock of NetThruster owned by it to the Company’s shareholders (the “Spin-Off”),
such that each shareholder of the Company of record on the Distribution Record
Date will receive one share of the common stock of NetThruster for every share
of the Company’s common stock owned by the shareholder. The
Distribution Record Date is February 14, 2011. Each shareholder of
the Company must have proof of ownership of his common stock in the Company in
order to be distributed the share of common stock of NetThruster in the
Spin-Off. The Company expects to make the distribution for the
Spin-Off on or before March 10, 2011.
SECTION
9. FINANCIAL STATEMENTS AND
EXHIBITS
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(a)
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Financial
Statements of Business Acquired
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Not
Applicable.
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(b)
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Pro
Forma Financial Information
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Not
Applicable.
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(c)
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Shell
Company Transactions
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Not
Applicable.
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(d)
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Exhibits
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10.1 Distribution
Agreement, dated February 9, 2011, by and between Tree Top Industries, Inc., a
Nevada corporation, and NetThruster, Inc., a Nevada corporation.
SIGNATURES
Pursuant
to the requirements of Section 13 or 15(d) of the Securities Exchange Act of
1934, as amended, the Registrant has duly caused this report to be signed on its
behalf by the undersigned, thereunto duly authorized.
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TREE
TOP INDUSTRIES, INC.
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Date:
February 9, 2011
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By:
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/s/ David
Reichman
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David
Reichman, CEO and Chairman of the
Board
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