Attached files
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| EX-10.1 - LOAN AGREEMENT BY AND BETWEEN HOMI AND BAHRY BUSINESS & FINANCE (1994) LTD. - SKY RESORT INTERNATIONAL Ltd | exhibit10_1.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
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January 8, 2012
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Date of Report (Date of earliest event reported)
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Hotel Outsource Management International, Inc.
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(Exact Name of Registrant as Specified in Its Charter)
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Delaware
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6719
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13-4167393
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(State or Other Jurisdiction of
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Commission File
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(I.R.S. Employer
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Incorporation or Organization)
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Number
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Identification No.)
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80 Wall Street, Suite 815, New York, New York
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10005
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(Address of Principal Executive Offices)
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(Zip Code)
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212-344-1600
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Registrant’s telephone number, including area code
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(Former Name or former Address, if Changed Since Last Report)
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Item 1.01- Entry into a Material Definitive Agreement
On January 8, 2012, Hotel Outsource Management International, Inc. (“HOMI”) entered into a new loan agreement with Bahry Business & Finance (1994) Ltd., which is a company controlled by Avraham Bahry, chairman of HOMI’s board of directors. Pursuant to such loan agreement, Bahry Business & Finance (1994) Ltd. Loaned to HOMI the sum of NIS 850,000 (c. $220,000). The loan is in Israeli Shekels and is linked to Israel’s CPI and bears 6% annual interest. The loan is for a period of four years, including two years’ grace on the principal, and the lender is entitled during such grace period to convert the loan into shares of HOMI’s common stock at $.03 per share or the price per share in a rights offering if HOMI conducts a rights offering prior to full repayment of the loan.
Item 9.01 – Financial Statements and Exhibits
(d) Exhibits
Exhibit No.
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10.1
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Loan Agreement by and between HOMI and Bahry Business & Finance (1994) Ltd. dated January 8, 2012
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2
Pursuant to the requirements 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, hereto duly authorized.
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January 9, 2012
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Hotel Outsource Management International, Inc.
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By:
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/s/ Jacob Ronnel
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Name:
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Jacob Ronnel
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Title:
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Chief Executive Officer
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3