UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM
CURRENT REPORT
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Item 1.01. Entry Into a Material Definitive Agreement.
On September 27, 2022, we entered into an agreement with B D Pacific Pty Ltd. (“BDPPL” or the "Company"), a company
formed in Australia (ACN: 608 421 683) with its registered address at PO BOX 444, KENT TOWN DC SA 5071, Australia, pursuant to which we agree to acquire 100% of ownership with business performance-based warrants to the current shareholders and management.
We further agree to purchase additional 1000 newly issued shares of BDPPL at price of USD 500,000, which will be injected into the fully owned subsidiary, BDPPL, as working capital post-closing.
Current shareholder and director of BDPPL, Simon Rees, is expected to be appointed as our Chief Operating Officer post-closing, mainly in charge of our international business expansion.
The foregoing description of the agreements thereby does not purport to be complete and is subject to, and qualified in its entirety by reference to, the full text of the Agreement which are included in this Current Report as Exhibits 10.1 and 10.2 respectively and are incorporated herein by reference.
Item 9.01 Financial Statements and Exhibits
| 10.1 | Stock Purchase Agreement | |
| 10.2 | Class A Warrant Agreement | |
| 104 | Cover Page Interactive Data File (embedded within the Inline XBRL document). |
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SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
Dated: September 27, 2022
| SINCERITY APPLIED MATERIALS HOLDINGS CORP. | ||
| By: | /s/ Yiwen Zhang | |
| Name: Title: |
Yiwen Zhang Chief Executive Officer | |
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