Attached files
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| EX-10.37 - EXHIBIT 10.37 - CANNASYS INC | exhibit1037.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): March 31, 2016
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CANNASYS, INC.
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(Exact name of registrant as specified in its charter)
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Nevada
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000-54476
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88-0367706
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(State or other jurisdiction of
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(Commission File Number)
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(IRS Employer
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incorporation or organization)
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Identification No.)
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1350 17th Street, Suite 150
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Denver, Colorado
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80202
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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:
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Phone: (720) 420-1290
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n/a
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(Former name or former address, if changed since last report)
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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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☐
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Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
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Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
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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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Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
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ITEM 1.02—TERMINATION OF A MATERIAL DEFINITIVE AGREEMENT
On March 31, 2016, CannaSys, Inc. ("CannaSys"), Luvbuds, LLC ("LuvBuds"), Brett Harris ("Harris"), and Tag Distributing LLC, doing business as Consigliere Inc. ("Consigliere"), entered into an Agreement of Termination, Compromise, Settlement and Mutual Release of Claims to resolve, compromise, settle, and dispose of and any and all disputes and claims that exist or may exist among them. The agreement, among other things: (1) terminates the Asset Purchase Agreement of December 17, 2015, among CannaSys, LuvBuds, and Harris; (2) terminates the Consulting Agreement of January, 24, 2016, between CannaSys and Consigliere; (3) confirms retention by Harris of the stock grant for 300,000 shares of CannaSys common stock; (4) confirms retention by Harris of the warrant to purchase 100,000 shares of CannaSys common stock; (5) assigns the 70% membership interest in LuvBuds from CannaSys to Harris, with Harris assuming the obligations and duties related thereto; and (6) assigns the acquired assets in LuvBuds from CannaSys to Harris. A copy of the agreement is attached to this 8-K as Exhibit
ITEM 9.01—FINANCIAL STATEMENTS AND EXHIBITS
The following is filed as an exhibit to this report:
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Exhibit
Number*
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Title of Document
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Location
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Item 10
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Miscellaneous
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10.37
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Agreement of Termination, Compromise, Settlement and Mutual Release of Claims among CannaSys, Inc., Luvbuds, LLC, Brett Harris, and Tag Distributing LLC, doing business as Consigliere Inc. effective March 31, 2016
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Attached
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_______________________________________
| * | All exhibits are numbered with the number preceding the decimal indicating the applicable SEC reference number in Item 601 and the number following the decimal indicating the sequence of the particular document. |
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
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CANNASYS, INC.
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Dated: April 4, 2016
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By:
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/s/ Michael A. Tew
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Michael A. Tew, Chief Executive Officer
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