LiqTech International, Inc. (LIQT) Files An 8-K Entry into a Material Definitive Agreement
Item 1.01 MATERIAL DEFINITIVE AGREEMENTS
On November 8, 2016, LiqTech International, Inc., a Nevada
corporation (the Company), entered into a joint venture
agreement (the JV Agreement) with Hunan Yonker Water Co.,
Ltd. (HYW), to which the Company and HYW agreed to set up
a joint venture company in China relating to filtration systems
based on the Companys Silicon Carbide Membrane technology used in
water and wastewater treatment for industrial municipal
facilities.
On November 8, 2016, Hunan Yonker Investment Group Co., Ltd
(Hunan Yonker) and the Company entered into an agreement
(the Investment Agreement) to which Hunan Yonker agreed to
purchase 4,000,000 shares of common stock of the Company at $1.00
per share (the Shares). The closing of the purchase of the
Shares is subject to receipt of all US and China government
approvals. Such approvals are expected to be received by February
28, 2017.
The foregoing is a summary description of certain terms of each
of the JV Agreement and the Investment Agreement, by its nature,
is incomplete, and is qualified in its entirety by reference to
the full text of each of the JV Agreement and the Investment
Agreement, attached hereto as Exhibit 10.1 and Exhibit
10.2 respectively.
ITEM 3.02 UNREGISTERED SALES OF EQUITY
SECURITIES
The disclosure in Item 1.01 herein is incorporated by
reference to this Item 3.02.The Shares are being offered
under the exemption from registration afforded under Regulation S
of the Securities Act of 1933, as amended (the Act), as
the recipient of the Shares is not a US Person under the Act.
ITEM 9.01 FINANCIAL STATEMENTS AND EXHIBITS
(d) |
Exhibit No. Description: |
EXHIBIT NO. |
DESCRIPTION |
LOCATION |
||
Exhibit 10.1 |
Contract for Yonker-Liqtech Equity Joint Venture by and |
Provided herewith |
||
Exhibit 10.2 |
Agreement for the Purchase of Common Stock in LiqTech International, Inc., by and between Hunan Yonker Investment Group Co., Ltd, dated November 8, 2016 |
Provided herewith |
About LiqTech International, Inc. (LIQT)