Vican Resources, Inc. (OTCMKTS:VCAN) Files An 8-K Entry into a Material Definitive Agreement
Item 1.01 Entry into a Material Definitive Agreement.

As described in the Current Report on Form 8-K filed by Vican Resources, Inc. (the "Company") on April 12, 2017, the Company entered into a Share Exchange Agreement (the "Share Exchange Agreement") by and among the Company, Unprescribed, LLC, a Utah limited liability company ("Unprescribed") and the members of Unprescribed, Ian Jenkins, the Company's sole director and Chief Executive Officer and majority shareholder, Dr. Gregory Mongean and Christopher Dean (the "Members") on April 11, 2017. to the Share Exchange Agreement, at the closing thereof (the "Closing") the Company agreed to exchange the outstanding membership interests of Unprescribed held by the Members for an aggregate of 25,000,000 shares of common stock of the Company. Ian Jenkins, the holder of 1,830,000 shares of common stock and 100 shares of Series A Preferred Stock, agreed to cancelation of such shares as of and at the Closing. Other than Mr. Jenkins, shareholders of Company common stock hold approximately 109,907 shares, which will remain unchanged by the Share Exchange Agreement. In addition, at the Closing, the holders of an aggregate of approximately $1,357,000 of outstanding convertible notes issued by the Company have agreed to limit conversion of such debt into a maximum of 8,500,000 shares of common stock, or approximately 25% of the post-Closing outstanding shares of common stock, and the remaining debt will be cancelled.

At the Closing, two additional members of Unprescribed, Dr. Gregory Mongean and Christopher Dean, will become officers and directors of the Company.

The Share Exchange Agreement contemplates that the issuance of shares of our Common Stock to holders of Unprescribed's membership interests in connection therewith will be exempt from the registration requirements of the Securities Act of 1933, as amended, to Section 4(a)(2) thereof, which exempts transactions by an issuer not involving any public offering, and Regulation D under that section, and that these securities, when issued, may not be offered or sold in the United States absent such registration or an applicable exemption from such registration requirements, and will be subject to further contractual restrictions on transfer as described in the Merger Agreement.

The Share Exchange Agreement and the transactions contemplated thereby have been approved by the board of directors of the Company and the Members of Unprescribed.

The Share Exchange Agreement automatically terminates if the closing of the transactions contemplated thereby shall not have occurred by June 30, 2017; and it may be terminated by Unprescribed or the Company under certain specified circumstances. The parties are finalizing the terms of the transaction, and have agreed to extend the termination date of the Share Exchange Agreement from June 30, 2017, until August 31, 2017.

This current report on Form 8-K is issued in accordance with Rule 135c under the Securities Act, and is neither an offer to sell any securities, nor a solicitation of an offer to buy, nor shall there be any sale of any such securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.

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About Vican Resources, Inc. (OTCMKTS:VCAN)

Vican Resources, Inc. is an oil and gas exploration, development and distribution company. The Company holds approximately three separate working interests in over two oil and gas wells located in Jefferson County, Mississippi. The Company’s business is based on the exploration, development, drilling, and production of various oil and gas properties. Its long-term focus is to grow and develop existing oil and gas leasehold interests and acquire new interests within and without the continental United States. The Company has not generated any revenues.