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EX-10 - HPIL HOLDINGstockpurchaseagrmt250kcshpil.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): December 19, 2012 (December 11, 2012)  

 

HPIL HOLDING

(Exact name of registrant as specified in its charter)  

 

 

 

Nevada

333-121787

20-0937461

(State or other jurisdiction

of incorporation)

(Commission

File Number)

(IRS Employer

Identification No.)

 

 

7075 Gratiot Road, Suite One

Saginaw, MI

48609

(Address of principal executive offices)

(Zip Code)

 

 

(248) 750-1015

(Registrant’s telephone number, including area code)

 

 

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:

 

[  ] 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 1.01     ENTRY INTO A MATERIAL DEFINITIVE AGREEMENT.

 

            On December 11, 2012, HPIL Holding (the “Company”) entered into a Stock Purchase Agreement (the “Agreement”) with Daniel Haesler, an individual domiciled in Switzerland (“Investor”), pursuant to which Company agreed to sell and Investor agreed to purchase Two Hundred Fifty Thousand (250,000) shares of Common Stock of Company (the “Shares”) for a total purchase price of Two Hundred Fifty Thousand and No/100 Dollars ($250,000.00) (the “Purchase Price”).

 

The description of the Agreement above is qualified in its entirety by reference to the Agreement, which is filed as Exhibit 10.1 and incorporated in this Item 1.01 by reference.

 

ITEM 3.02     UNREGISTERED SALES OF EQUITY SECURITIES.

 

            On December 17, 2012, pursuant to the terms and conditions of the Agreement, the Company issued the Shares to Investor in exchange for the Purchase Price.

 

The transaction described above was exempt from registration pursuant to Section 4(2) of the Securities Act of 1933, as amended.

 

ITEM 9.01     FINANCIAL STATEMENTS AND EXHIBITS.

 

            (d)  Exhibits

 

Exhibit                       Description 

 

10.1                            Stock Purchase Agreement entered into by and between Company and Investor on December 11, 2012.

 

 

SIGNATURES

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 thereunto duly authorized.

 

                                                                                  

 

 

HPIL Holding

(Registrant)

                                                                         

                                                                           

Date:    December 19, 2012

By: /S/ Nitin Amersey

Nitin Amersey

Director, Chief Financial Officer, Treasurer and

Corporate Secretary