-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, K3TEvISDlcEZiHgGw/L6QtGpn4Ixn6HrAvccWnJ9Kl3GWjECS+cHD1Hzc8OmUWpc rdQXdvhmuoiUPImxUAXTpg== 0001072613-10-001092.txt : 20101221 0001072613-10-001092.hdr.sgml : 20101221 20101221161230 ACCESSION NUMBER: 0001072613-10-001092 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20101214 ITEM INFORMATION: Termination of a Material Definitive Agreement ITEM INFORMATION: Unregistered Sales of Equity Securities FILED AS OF DATE: 20101221 DATE AS OF CHANGE: 20101221 FILER: COMPANY DATA: COMPANY CONFORMED NAME: ZAP CENTRAL INDEX KEY: 0001024628 STANDARD INDUSTRIAL CLASSIFICATION: MOTORCYCLES, BICYCLES & PARTS [3751] IRS NUMBER: 943210624 STATE OF INCORPORATION: CA FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-32534 FILM NUMBER: 101265867 BUSINESS ADDRESS: STREET 1: 501 FOURTH STREET CITY: SANTA ROSA STATE: CA ZIP: 95401 BUSINESS PHONE: 7075258658 MAIL ADDRESS: STREET 1: 501 FOURTH STREET CITY: SANTA ROSA STATE: CA ZIP: 95401 FORMER COMPANY: FORMER CONFORMED NAME: ZAPWORLD COM DATE OF NAME CHANGE: 19990715 FORMER COMPANY: FORMER CONFORMED NAME: ZAP POWER SYSTEMS INC DATE OF NAME CHANGE: 19970319 8-K 1 form8-k_16984.htm FORM 8K DATED DECEMBER 14, 2010 form8-k_16984.htm
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549


FORM 8-K

 
CURRENT REPORT

Pursuant to Section 13 or 15(d) of
The Securities Exchange Act of 1934

Date of Report (Date of Earliest Event Reported):  December 14, 2010

ZAP
(Exact name of Registrant as specified in its charter)
 
 
California
            
0-303000
                      
94-3210624
(State or other jurisdiction of
incorporation)
           
(Commission
File Number)
                       
(IRS Employer
Identification Number)
          
501 Fourth Street
Santa Rosa, CA
                                        
95401
(Address of principal executive offices)
                                        
(Zip Code)

(707) 525-8658
(Registrant’s telephone number, including area code)
 
not applicable
(Former name or former address, if changed since last report)
 
 
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:

o
  
Written communications pursuant to Rule 425 under Securities Act (17 CFR 230.425)
     
o
  
Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
     
o
  
Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
     
o
  
Pre-commencement communications pursuant to Rule 13e-14(c) under the Exchange Act (17 CFR 240.13e-4(c))
 
 
 
 
 
Section 1.02                 Termination of a Material Definitive Agreement
 
As previously disclosed in the Company’s Current Reports on Forms 8-K filed on February 2, 2010, and January 6, 2010 , ZAP (the “Company”) and Samyang Optics Co. Ltd. (“Samyang”) entered into Investment Agreements pursuant to which Samyang agreed to invest $5 million in convertible notes of the Company (the “Samyang Investment”) and the Company agreed to invest $2 million in Samyang (the “ZAP Investment”). In connection with the completion of the Samyang Investment, on Februar y 24, 2010 the Company purchased securities of Samyang for an aggregate purchase price of $2 million.

The unpaid principal balance of the convertible notes accrues interest at a rate of six percent (6%) per annum and all unpaid principal, together with any then unpaid and accrued interest and other amounts payable thereunder, become due and payable on December 31, 2011 (the “Maturity Date”).

On December 14, 2010, Samyang,converted the outstanding principal balance of $5 million plus interest into 8,340,369 shares of ZAP common stock. The stock is subject to resale restrictions under Rule 144.



Item 3.02                       Unregistered Sales of Equity Securities.

The disclosures under Item 1.01 are incorporated into this Item 3.02 by reference.

The Note was issued in reliance on an exemption from registration pursuant to Section 4(2) of the Securities Act of 1933, as amended.
 
 
 
 
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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.
 
 
 
ZAP
  
     
     
       
Dated:    December 21, 2010
By:
/s/ Steven M. Schneider  
    Steven M. Schneider  
    Chief Executive Officer  
       

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
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