Exhibit 10.1
![[mokita8k060711ex101001.jpg]](mokita8k060711ex101001.jpg)
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): May 31, 2011
MOKITA, INC.
(Exact name of Company as specified in its charter)
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Nevada | 333-167275 | 46-0525378 |
(State or other jurisdiction | (Commission File Number) | (IRS Employer |
of Incorporation) |
| Identification Number) |
| 7695 SW 104th St., Suite 210 Miami, FL 33156 (Address of principal executive offices) (305) 663-7140 (Registrant’s Telephone Number) |
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Copy of all Communications to:
Carrillo, Huettel & Zouvas, LLP
3033 Fifth Avenue, Suite 400
San Diego, CA 92103
Phone: 619.546.6100
Fax: 619.546.6060
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the Company 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))
MOKITA, INC.
Form 8-K
Current Report
ITEM 1.01
ENTRY INTO A MATERIAL DEFINITIVE AGREEMENT
On May 31, 2011, Mokita, Inc., a Nevada corporation (the “Company”), entered into a Participation Agreement (the "Participation Agreement") with Premier Operating Company ("Premier"). Pursuant to the terms and conditions of the Participation Agreement, the Company shall purchase a one percent (1%) working interest (the “Working Interest”) in that certain West Marlow Hoxbar Unit located in Stephens County, Oklahoma. In exchange for the Working Interest, the Company shall pay a purchase price of forty nine thousand five hundred dollars ($49,500) to Premier.
The above description of the Participation Agreement is intended as a summary only and is qualified in its entirety by the terms and conditions set forth therein, and may not contain all information that is of interest to the reader. For further information regarding the terms and conditions of the Participation Agreement, this reference is made to such agreement, which is filed as Exhibit 10.1 hereto and is incorporated herein by this reference.
ITEM 2.03
CREATION OF A DIRECT FINANCIAL OBLIGATION
The information provided in Item 1.01 of this Current Report on Form 8-K is incorporated by reference into this Item 2.03.
ITEM 9.01
FINANCIAL STATEMENTS AND EXHIBITS
(d) | Exhibits |
Exhibit No. | Description of Exhibit |
10.1 | Participation Agreement between the Company and Premier Operating Company dated May 31, 2011 |
SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the Company has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
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| MOKITA, INC.
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Date: June 7, 2011 | By: /s/ Irma N. Colón-Alonso |
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| Irma N. Colón-Alonso | |
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| Chief Executive Officer, President & Director | |
Exhibit 10.1