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EX-10 - EX-10.1 PARTICIPATION AGREEMENT - Phoenix Life Sciences International Limited.mokita8k060711ex101.htm

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): May 31, 2011


MOKITA, INC.

 (Exact name of Company as specified in its charter)

 

 

 

 

Nevada

333-167275

46-0525378

(State or other jurisdiction

(Commission File Number)

(IRS Employer

of Incorporation)

 

Identification Number)

 


7695 SW 104th St., Suite 210

Miami, FL 33156

(Address of principal executive offices)

(305) 663-7140

(Registrant’s Telephone Number)

 

Copy of all Communications to:

Carrillo, Huettel & Zouvas, LLP

3033 Fifth Avenue, Suite 400

San Diego, CA 92103

Phone: 619.546.6100

Fax: 619.546.6060


Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the Company under any of the following provisions:

 

      .    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))








MOKITA, INC.

Form 8-K

Current Report


ITEM 1.01

ENTRY INTO A MATERIAL DEFINITIVE AGREEMENT


On May 31, 2011, Mokita, Inc., a Nevada corporation (the “Company”), entered into a Participation Agreement (the "Participation Agreement") with Premier Operating Company ("Premier"). Pursuant to the terms and conditions of the Participation Agreement, the Company shall purchase a one percent (1%) working interest (the “Working Interest”) in that certain West Marlow Hoxbar Unit located in Stephens County, Oklahoma.  In exchange for the Working Interest, the Company shall pay a purchase price of forty nine thousand five hundred dollars ($49,500) to Premier.


The above description of the Participation Agreement is intended as a summary only and is qualified in its entirety by the terms and conditions set forth therein, and may not contain all information that is of interest to the reader. For further information regarding the terms and conditions of the Participation Agreement, this reference is made to such agreement, which is filed as Exhibit 10.1 hereto and is incorporated herein by this reference.


ITEM 2.03   

CREATION OF A DIRECT FINANCIAL OBLIGATION


The information provided in Item 1.01 of this Current Report on Form 8-K is incorporated by reference into this Item 2.03.


ITEM 9.01   

FINANCIAL STATEMENTS AND EXHIBITS

 

(d)

Exhibits

 

Exhibit No.

Description of Exhibit

10.1

Participation Agreement between the Company and Premier Operating Company dated May 31, 2011


SIGNATURE


Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the Company has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

 

  

  

  

  

MOKITA, INC.

  

Date: June 7, 2011 

By: /s/ Irma N. Colón-Alonso  

 

  

  

Irma N. Colón-Alonso

 

  

Chief Executive Officer, President & Director