0001078782-13-000602.txt : 20130401 0001078782-13-000602.hdr.sgml : 20130401 20130401135301 ACCESSION NUMBER: 0001078782-13-000602 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20130326 ITEM INFORMATION: Entry into a Material Definitive Agreement ITEM INFORMATION: Unregistered Sales of Equity Securities FILED AS OF DATE: 20130401 DATE AS OF CHANGE: 20130401 FILER: COMPANY DATA: COMPANY CONFORMED NAME: Digital Development Group Corp CENTRAL INDEX KEY: 0001379699 STANDARD INDUSTRIAL CLASSIFICATION: MISCELLANEOUS METAL ORES [1090] IRS NUMBER: 000000000 STATE OF INCORPORATION: NV FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 000-53611 FILM NUMBER: 13730253 BUSINESS ADDRESS: STREET 1: 6630 SUNSET BLVD. CITY: LOS ANGELES, STATE: CA ZIP: 90028 BUSINESS PHONE: 1-800-783-3128 MAIL ADDRESS: STREET 1: 6630 SUNSET BLVD. CITY: LOS ANGELES, STATE: CA ZIP: 90028 FORMER COMPANY: FORMER CONFORMED NAME: Regency Resources, Inc. DATE OF NAME CHANGE: 20061031 8-K 1 f8k040113_8k.htm CURRENT REPORT ON FORM 8-K Current Report on Form 8-K

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): March 26, 2013

 

__________________

 

THE DIGITAL DEVELOPMENT GROUP CORP.

 (Exact name of registrant as specified in its charter)

 

 


NEVADA

  

000-53611

  

98-0515726

(State or other jurisdiction of

incorporation or organization)

  

Commission file number

  

(IRS Employer

Identification No.)

 

6630 West Sunset Blvd.

Los Angeles, CA 90028

(Address of principal executive offices)

 


(800) 783-3128

 (Registrant’s telephone number)


______________________

 



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 240.14a-12)

 

      .

Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

 

      .

Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))


 



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Item 1.01

Entry into a Material Definitive Agreement.


On March 26, 2013, The Digital Development Group Inc. (the “Company”) entered into an Agreement (the “Agreement”) with Charlie Sheen, pursuant to which he has agreed to work with the Company to develop and promote his own channel and original content, and to promote and endorse the Company and its channels through various media.  Under the terms of the Agreement, Mr. Sheen’s involvement with the Company is to include his creation of original content; his promotion and endorsement of the Company’s channels and the creation and promotion of the Charlie Sheen Channel; his personal appearances; the use of Mr. Sheen’s name, voice and likeness for promotional purposes; and the promotion of the Company and its channels across social media, including postings on Facebook and Twitter. The Agreement has a term of twelve months, unless extended as provided in the Agreement.


In consideration for his services, the Company has agreed to pay Charlie Sheen a material fee payable in installments. In addition, the Company has agreed to pay Mr. Sheen a percentage of Company gross revenues generated by the distribution and sale of original programming featuring Mr. Sheen and his affiliates, including gross revenues from the Charlie Sheen Channel and other pay per view events and episodes.  In consideration of Mr. Sheen’s obligations, the Company has also agreed to issue to Mr. Sheen warrants to purchase up to seven million shares of the Company’s common stock as follows: warrants to purchase one million shares of the Company’s common stock vested upon the date of the Agreement, and warrants to purchase the remaining six million shares of the Company’s common stock shall vest in equal installments of one million shares every six months after the date of the Agreement, each exercisable at an exercise price of ten cents per share.

 

 

Item 3.02

Unregistered Sales of Equity Securities.


The information included in Item 1.01 provides a summary of the material terms of the Agreement and the warrants and is incorporated herein by reference into this Item 3.02.


SIGNATURE

 

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, thereunto duly authorized.

 

 

 

 

 

THE DIGITAL DEVELOPMENT GROUP CORP.

 

 

 

 

 

 

 

 

 /s/  Martin W. Greenwald

Dated: April 1, 2013

 

 

 

By:

 

Martin W. Greenwald

Chief Executive Officer

 

 

 

 

 

 

 

 




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