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Form 8-K/A - Current report: [Amend]
Source: Edgar (US Regulatory)
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K/A
Amendment No. 1
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): May 14, 2024
GREEN STREAM HOLDINGS, INC.
(Exact name of registrant as specified in its charter)
Wyoming
000-53279
20-1144153
(State or other jurisdiction
of incorporation)
(Commission
file number)
(I.R.S. Employer
Identification Number)
201 East 5th Street
Sheridan, WY 82801
(Address of principal executive offices)
(310) 228-8897
(Registrant’s telephone number, including area code)
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
?
Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
?
Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 2459.244a-12)
?
Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 2459.244d-2(b))
?
Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 2459.243e-4c))
Securities registered pursuant to Section 12(b) of the Act:
Title of each class
Trading Symbol(s)
Name of each exchange on which registered
None
N/A
N/A
Securities registered pursuant to Section 12(g) of the Act: Common Stock, $.001 par value
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
Emerging growth company ?
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ?
Item 2.01 Completion of Acquisition or Disposition of Assets.
On May 14, 2024, Green Stream Holdings, Inc. (“Seller”) entered into a Common Stock Purchase Agreement (the “Agreement”) with VGTL, Inc. (the “Buyer”). Under the terms of the Agreement, Seller agreed to sell to the Buyer all of the issued and outstanding shares of common stock (the “Shares”) of Green Rain Solar Inc., a Wyoming corporation and a wholly-owned subsidiary of the Seller (the “Company”). In consideration for the purchase of the Shares, the Buyer agreed to assume certain liabilities in the form of $400,000 Accounts Payable.
Item 9.01 Financial Statements and Exhibits.
(d) Exhibits, attached.
10.1
Common Stock Purchase Agreement
104
Cover Page Interactive Data File (embedded within the Inline XBRL document).
SIGNATURES
In accordance with the requirements of the Exchange Act, the registrant caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.
GREEN STREAM HOLDINGS INC.
Date: May 14, 2024
By:
/s/ James C. DiPrima
Name:
James C. DiPrima
Title:
Chief Executive Officer
Exhibit 10.1
COMMON STOCK PURCHASE AGREEMENT
Private and Confidential
THIS COMMON STOCK PURCHASE AGREEMENT, (the “Agreement”) made as of the last executed date below (the “Effective Date”), by and between the buyer set forth on the signature page hereof (hereinafter referred to as “Buyer”), and the seller set forth on the signature page hereof (hereinafter referred to as “Seller”) (Buyer and Seller each a “Party” and collectively the “Parties”).
W I T N E S S E T H:
WHEREAS, Seller is the holder of all of the issued and outstanding shares (the “Shares”) of common stock green rain solar inc, a Wyoming corporation (the “Company”)and a wholly-owned subsidiary of the Seller and Seller hereby agrees to sell to the Buyer the Shares pursuant to the terms and conditions set forth herein; and
WHEREAS, Buyer is desirous of purchasing Seller’s Shares and the Seller is agreeable to sell the Shares to the Buyer pursuant to and in accordance with the terms and conditions set forth herein.
NOW, THEREFORE, in consideration of the mutual promises, covenants, and representations contained herein, and subject to the terms and conditions hereof, the Parties agree as follows:
1. Agreement to Purchase and Sell; Closing. Seller will sell to Buyer and Buyer agrees to purchase the Shares in consideration for the assumption of the liabilities set forth in Section A hereto (the “Assumed Liabilities”). For purposes of this Agreement, the Closing shall occur upon the Effective Date.
2. Payment Terms. At the Closing, the Seller shall deliver the certificate(s) representing the Shares along with fully executed and medallion guaranteed or notarized stock powers and such other documentation as may be necessary to completely effectuate the transfer of the Shares to the Buyer pursuant to this Agreement. In Consideration for the transferrable delay of the shares, the Buyer shall assume the Assumed Liabilities of the Seller.
3. Representations and Warranties of Seller. Seller hereby represents and warrants to Buyer that the statements in the following paragraphs of this Section 3 are all true and complete as of the date hereof, and shall be true and correct as of the Closing:
a) Title to Stock. The Seller is the sole record and beneficial owner of the Shares and has good, valid and marketable title to all of the Shares, free and clear of any liens, claims, charges, options, rights of tenants or other encumbrances and shall not, until the transactions contemplated by this Agreement are closed, or this Agreement is terminated, 1
b) sell, hypothecate, encumber, transfer or otherwise dispose of the Shares. The Seller has sole managerial and dispositive authority with respect to the Shares and has not granted any person a proxy or option to buy the Shares that has not expired or been validly withdrawn. The Shares were the payment of the Purchase Price and delivery of the certificates representing the Shares will vest in Buyer the legal and valid title to the Shares, free and clear of all liens, security interests, adverse claims or other encumbrances of any character whatsoever (“Encumbrances”) (other than Encumbrances created by Buyer and restrictions on the resale of the Shares under applicable securities laws).
c) Transfer of Shares. Seller acknowledges that he has all right, title and interest to the shares but did not undertake the ministerial task of having the certificates reprinted in his name prior to the sale of the shares contemplated in this Agreement.
d) Full Power and Authority. Seller has the legal capacity to own the Shares owned or purported to be owned by Seller. The execution and delivery by Seller of this Agreement and the consummation by Seller of the transactions contemplated hereby has been duly and validly authorized by all necessary action of Seller. Seller has the legal capacity to enter into this Agreement and to consummate the transactions contemplated hereby and Seller has duly executed and delivered this Agreement. This Agreement is a legal, valid and binding obligation of Seller enforceable against Seller in accordance with its terms, except to the extent that enforceability may be limited by bankruptcy, insolvency, moratorium, reorganization and other laws affecting the enforcement of creditors’ rights generally and by general principles of equity.
1
4. Representations and Warranties of Buyer. Buyer hereby represents and warrants to Seller that the statements in the following paragraphs of this Section 4 are all true and complete as of the date hereof:
a) Exempt Transaction. Buyer understands that the sale of the Shares is intended to be exempt from registration under the Securities Act and exempt from registration or qualification under any state law.
b) Full Power and Authority. Buyer has the legal capacity to purchase the Shares. The execution and delivery by Buyer of this Agreement and the consummation by Buyer of the transactions contemplated hereby has been duly and validly authorized by all necessary action of Buyer. Buyer has the legal capacity to enter into this Agreement and to consummate the transactions contemplated hereby and Buyer has duly executed and delivered this Agreement. This Agreement is a legal, valid and binding obligation of Buyer enforceable against Buyer in accordance with its terms, except to the extent that enforceability may be limited by bankruptcy, insolvency, moratorium, reorganization and other laws affecting the enforcement of creditors’ rights generally and by general principles of equity.
c) Status. Buyer is experienced, sophisticated and knowledgeable in the trading in securities of private and public companies and understand the disadvantage to which Buyer is subject on account of the disparity of information as between Seller and Buyer. Buyer understands that Seller is relying on these representations in engaging in this transaction and would not engage in the transaction in the absence of these representations.
5. Governing Law. This Agreement shall be governed by and construed in accordance with the laws of the State of Wyoming without giving effect to any other choice or conflict of law provision that would cause the application of the laws of any other jurisdiction other than the State of Wyoming.
6. Termination. The Parties may not, except for a material breach or failure of a condition or requirement, terminate this Agreement.
7. Successors and Assigns. The terms and conditions of this Agreement shall inure to the benefit of and be binding upon the respective successors and assigns of the Parties.
8. Counterparts. This Agreement may be executed in two or more counterparts, each of which shall be deemed an original, but all of which together shall constitute one and the same Agreement. A telefaxed or electronic copy of this Agreement shall be deemed an original.
9. Headings. The headings used in this Agreement are for convenience of reference only and shall not be deemed to limit, characterize or in any way affect the interpretation of any provision of this Agreement.
10. Costs, Expenses. Each Party hereto shall bear its own costs in connection with the preparation, execution and delivery of this Agreement.
11. Modifications and Waivers. No change, modification or waiver of any provision of this Agreement shall be valid or binding unless it is in writing, dated subsequent to the Effective Date of this Agreement, and signed by all Parties. No waiver of any breach, term, condition or remedy of this Agreement by any Party shall constitute a subsequent waiver of any other breach, term, condition or remedy.
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