UBI Blockchain Internet, LTD (OTCBB:UBIA) Files An 8-K Entry into a Material Definitive AgreementItem 1.01. Entry into a Material Definitive Agreement
On January 27, 2017, UBI Blockchain Internet, Ltd., ("the Company") entered into a Settlement Agreement, (the “Agreement”) with Harsch Investment Properties-Nevada, LLC (“Harsch) whereby $35,867.97 in unpaid obligations to Harsch were forgiven in exchange for the Company agreeing to pay Harsch $4,100.00. On November 9, 2014 these unpaid obligations were assumed by Peak Energy Holdings from the Company. However, Harsh did not agree to this assignment and therefore remained the responsibility of the Company.
Upon signing of the agreement, the Company made the agreed upon payment to Harsch.
Item 5.03. Amendments to Articles of Incorporation or Bylaws; Change in Fiscal Year.
Since the Company’s inception, its fiscal year has ended August 31. On January 3, 2017, the Company filed a Form 8-K/A, Item 5.03, with the Commission, to change the Company’s year-end to December 31. After careful consideration, management believes it is in the best interest of the Company to maintain August 31 as the end of its fiscal year.
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About UBI Blockchain Internet, LTD (OTCBB:UBIA)
UBI Blockchain Internet, LTD., formerly JA Energy, is a shell company. The Company is engaged in developing a suite of products with a view of finding global energy solutions. The Company was in the business of designing modular, self-contained, fully automated, climate controlled units for distributed production of energy. The Company manufactures micro-production solutions that may be implemented in a range of contexts, from ethanol micro-production facilities to urban greenhouse gardens to third-world farming communities. The Company has not generated any revenues. UBI Blockchain Internet, LTD (OTCBB:UBIA) Recent Trading Information
UBI Blockchain Internet, LTD (OTCBB:UBIA) closed its last trading session 00.00 at 1.00 with 430 shares trading hands.