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| ONBI.OB > SEC Filings for ONBI.OB > Form 8-K on 27-Jan-2012 | All Recent SEC Filings |
27-Jan-2012
Completion of Acquisition or Disposition of Assets, Financial Statements and Exhib
As previously reported in the current report on Form 8-K filed by ONE Bio, Corp. ("Company" or "ONE") with the SEC on September 9, 2009, on September 3, 2009, the Company acquired 3,990 shares of common stock (the "TFS Shares"), of Trade Finance Solutions Inc., an Ontario corporation ("TFS"), pursuant to that certain Share Purchase Agreement (the "Share Purchase Agreement") by and among the Company, TFS and the stockholders of TFS (the "Stockholders") for a total consideration of $1,279,914 (the "Cash Purchase Price") and 17,066 shares of common stock of the Company (the "Equity Consideration").
Effective December 31, 2011, the Company entered into and consummated transactions pursuant to an Assignment Agreement substantially in the form of Exhibit 10.1 annexed hereto (the "Assignment Agreement") whereby the Company assigned to Global Fund Holdings, Corp., an Ontario corporation (the "Assignee"), the TFS Shares and the Share Purchase Agreement and all of the obligations thereunder, including, but not limited to, the Company's obligation to pay the Cash Purchase Price and Equity Consideration (the "Assignment"). In consideration of the Assignment, the Assignee assumed and agreed to perform all covenants, agreements, and undertakings of the Company which either have not yet been performed by the Company or those arising under the Share Purchase Agreement after the date of the Assignment.
Effective December 31, 2011, the Company also entered into a Waiver and Consent agreement with the Stockholders substantially in the form of Exhibit 10.2 annexed hereto, whereby the Stockholders have consented to the Assignment.
(d) The following exhibits are filed with this report:
Exhibit No. Description
10.1 Assignment Agreement dated as of December 31, 2011, by and among ONE Bio, Corp., Global Fund Holdings, Corp. and Trade Finance Solutions Inc.
10.2 Waiver and Consent Agreement dated as of December 31, 2011, by and among ONE Bio, Corp., Melanie Kerekes, Jim Oattes, Tomas Anleo Gonzales, Vern Ralphs, Steve McDonald, Peter Cook, and Michael Weingarten.
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