8K FILED ~ DOMK http://xml.10kwizard.com/filing_raw.php?repo=tenk&ipage=8104209 Wednesday, February 29 2012 1:35 PM
, EST DOMARK INTERNATIONAL INC. FILES (8-K) Disclosing Entry into a Material Definitive Agreement, Financial Statements and Exhibits Edgar Online "Glimpses"
ITEM 1.01 ENTRY INTO A MATERIAL DEFINITIVE AGREEMENT.
(1) On February 29, 2012 , the Company entered into a Memorandum of Agreement with Xiamen Taiyang Neng Gongsi and Michael Franklin . For and in consideration of the payment of an initial license fee of $10,000 , and for the future payment of royalties, Xiamen granted an exclusive worldwide license and joint patent rights to Domark International, Inc. for a solar charging case for IPAD, including IPAD 3. There is no prior business relationship with Xiamen , or any of its officers or directors.
(2) On February 29, 2012 , the Company formed a new wholly owned subsidiary, SolarWerks, Inc. in the state of Nevada , for the purposes of entering the business of marketing specialized solar consumer electronics.
The agreement is filed as an exhibit to this Form 8-K and should be referred to in its entirety for complete information concerning this agreement.
ITEM 9.01 FINANCIAL STATEMENTS AND EXHIBITS.
(d) Exhibits Exhibit Number Description ------ ----------- 10.1 Memorandum of Agreement between DoMark International, Inc. and Xiamen Taiyang Neng Gongsi dated February 29, 2012