BITECH TECHNOLOGIES CORP: completion of the acquisition or disposal of assets, unregistered sale of equity securities, amendments to articles of association or regulations; Change of fiscal year, financial statements and supporting documents (Form 8-K)
Item 2.01 Completion of Acquisition or Disposal of Assets.
Pursuant to Quad Video’s APP, Buyers canceled a promissory note with an approximate principal balance of
In addition, on the Effective Date, the Company completed the sale of certain accounts receivable related to its spinal pain management business pursuant to the terms of an asset purchase agreement entered into between the Company,
The foregoing description of the terms of the Quad Video APP, SPIN Accounts Receivable APP, Guaranteed Promissory Note Cancellation Agreement and Guarantee Agreement and Contract Termination Agreement Management Services does not purport to be complete and is qualified in its entirety by reference to the Quad Video APA and SPIN Accounts Receivable APA Agreement, copies of which are filed as Exhibits 10.1, 10.2, 10.3 and 10.4 to this current report on Form 8-K.
Item 3.02 Unrecorded Sales of
The Conversion Shares have been issued in reliance on the exemption from registration provided by Section 3(a)(9) of the Securities Act of 1933, as amended (the “Securities Act”).
Item 5.03 Amendments to Articles of Incorporation or Bylaws; Change of fiscal year.
The certificate of amendment was approved on
Item 9.01 Financial statements and supporting documents.
(d) The following exhibits are filed with this current report:
Exhibit No. Description 3.1 Certificate of Amendment to Certificate of Incorporation, as amended, dated
June 27, 2022. 10.1 Asset Purchase Agreement entered into among Quad Video Halo, Inc., Quad Video Holdings Corporationand Peter Dalrympledated June 30, 2022. 10.2* Asset Purchase Agreement entered into among Bitech Technologies Corporation, SPIN Collections LLCand Peter Dalrympledated June 30, 2022. 10.3 Secured Promissory Note and Security Agreement Cancellation Agreement entered into among Bitech Technologies Corporation, Quad Video Halo, Inc., Quad Video Holdings Corporationand Peter Dalrympledated June 30, 2022. 10.4 Management Services Termination Agreement entered into among Bitech Technologies Corporation, Quad Video Halo, Inc.and Peter Dalrympledated June 30, 2022. 104 Cover Page Interactive Data File (embedded within the Inline XBRL document)
* Certain confidential information has been excluded from this exhibit because it
is both (i) insignificant and (ii) would be harmful to competition if
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