0001019687-16-007146.txt : 20160810 0001019687-16-007146.hdr.sgml : 20160810 20160810111943 ACCESSION NUMBER: 0001019687-16-007146 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20160804 ITEM INFORMATION: Entry into a Material Definitive Agreement ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20160810 DATE AS OF CHANGE: 20160810 FILER: COMPANY DATA: COMPANY CONFORMED NAME: Knowledge Machine International, Inc. CENTRAL INDEX KEY: 0001586372 STANDARD INDUSTRIAL CLASSIFICATION: CUTLERY, HANDTOOLS & GENERAL HARDWARE [3420] IRS NUMBER: 900925768 STATE OF INCORPORATION: NV FISCAL YEAR END: 0630 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 333-191175 FILM NUMBER: 161820492 BUSINESS ADDRESS: STREET 1: 14 HAYWARD BROOK DRIVE CITY: CONCORD STATE: NH ZIP: 03301 BUSINESS PHONE: 603-717-6279 MAIL ADDRESS: STREET 1: 14 HAYWARD BROOK DRIVE CITY: CONCORD STATE: NH ZIP: 03301 FORMER COMPANY: FORMER CONFORMED NAME: Songbird Development Inc. DATE OF NAME CHANGE: 20130910 8-K 1 knowledge_8k.htm FORM 8-K

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): August 4, 2016

 

Knowledge Machine International, Inc.

(Exact Name of Registrant as Specified in Charter)

 

Nevada 333-191175 90-0925768
(State or Other Jurisdiction of Incorporation) Commission File Number (IRS Employer Identification No.)

 

14 Hayward Brook Drive, Concord, NH 03301
(Address of principal executive offices) (Zip Code)

 

Registrant’s telephone number, including area code: (603) 717-6279

 

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

 

[_] Soliciting material pursuant to Rule 14a-12 under the Exchange Act

 

[_] Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act

 

[_ ] Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act

 

 

 

 

 

 

   
 

 

Item 1.01 Entry into a Material Definitive Agreement.

 

On July 1, 2016, Knowledge Machine International, Inc., a Nevada corporation (the “Company”) entered into an Acquisition and Share Exchange Agreement (the “Acquisition Agreement”) with EveryStory, Inc., a Delaware corporation (“EveryStory”), and each of its shareholder (the “Shareholders”). Under the terms of the Acquisition Agreement, the Company agreed to issue, or reserve for issuance, shares of common stock to represent at closing approximately 60% of its outstanding equity ownership interest in exchange for all of the outstanding shares of EveryStory.

 

On August 4, 2016, the parties to the Acquisition Agreement entered into Amendment No. 1 which extends the closing date to September 6, 2016 and amends all references to the date “August 5, 2016” to “September 6, 2016” in Sections 1.06 and 8.01(c), respectively.

 

A copy of the Amendment is included with this report as Exhibit 2.1.

 

Item 9.01 Financial Statements and Exhibits.

 

Exhibit No. Description
2.1 Amendment No. 1 to the Acquisition and Share Exchange Agreement dated August 4, 2016

 

 

 

 

 

 

 

 

 

 

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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.

 

  Knowledge Machine International, Inc.
     
     
Date:  August 10, 2016 By: /s/ Vivek R. Dave
    Vivek R. Dave, Ph.D., Chief Executive Officer

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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EX-2.1 2 knowledge_ex0201.htm AMENDMENT NO. 1 TO ACQUISITION AND SHARE EXCHANGE AGREEMENT

Exhibit 2.1

 

Amendment No. 1

 

to THE

 

ACQUISITION AND SHARE EXCHANGE Agreement

 

This First Amendment (the “Amendment”) entered into effective the 4th day of August 2016, is to the Acquisition and Share Exchange Agreement dated July 1, 2016 (the “Agreement”) by and between Knowledge Machine International, Inc., a Nevada corporation (“KNMX”), EveryStory, Inc., a Delaware corporation (“EveryStory”), and each of EveryStory’s shareholder (the “Shareholders”).

 

RECITALS:

 

WHEREAS, on July 1, 2016, KNMX, EveryStory, and the Shareholders entered into the Agreement whereby KNMX agreed to issue, or reserve for issuance, shares of common stock to represent at closing approximately 60% of the outstanding equity ownership interest of KNMX in exchange for all of the outstanding shares of EveryStory;

 

WHEREAS, Section 1.06 of the Agreement requires closing of the Agreement to take place on or before August 5, 2016 (the “Closing Effective Date”);

 

WHEREAS, the parties to the Agreement have, in good faith, proceeded toward the Closing Effective Date; however, KNMX has failed to raise the required $500,000 pursuant to Section 1.06 of the Agreement and additional time is needed to close the Agreement;

 

WHEREAS, Section 9.02 of the Agreement states that the Agreement may be amended through mutual written consent of the parties to the Agreement; and

 

WHEREAS, pursuant to Section 9.02 of the Agreement, the parties to the Agreement desire to amend Section 1.06 of the Agreement so that, as amended, the closing date is revised to September 6, 2016.

 

NOW, THEREFORE, pursuant to Section 9.02 of the Agreement, the parties hereto mutually agree to amend the Agreement as follows:

 

1. Amendment. Section 1.06 of the Agreement is hereby amended in its entirety to read as follows:

 

Closing Date. The effective date of the Closing (the “Effective Date”), subject to the satisfaction of all conditions herein, shall take place on or before September 6, 2016. The Parties understand, acknowledge, and agree that KMI shall seek to raise at least Five Hundred Thousand Dollars ($500,000) pursuant to the Offering described more fully in Section 6.01(d) below. The Parties further acknowledge and agree that if KMI has not raised at least Five Hundred Thousand Dollars ($500,000) in the Offering by September 6, 2016, the Effective Date may be extended up to thirty (30) days on the mutual agreement of the Parties.

 

2. Amendment. Section 8.01(c) of the Agreement is hereby amended in its entirety to read as follows:

 

(c) by EveryStory (if neither EveryStory nor any Shareholder is then in material breach of their obligations under this Agreement) if: (i) a material default or breach shall be made by KMI with respect to the due and timely performance of any of its covenants and agreements contained herein and such default is not cured within ten (10) days; (ii) KMI makes an amendment or supplement to any schedule hereto and such amendment or supplement reflects a KMI Material Adverse Effect after the date of this Agreement; (iii) a KMI Material Adverse Effect shall have occurred after the date of this Agreement; or (iv) the Closing shall not have occurred on or before September 6, 2016.

 

3. Remainder of Agreement. Except as amended hereby, the Agreement shall continue to be, and shall remain, in full force and effect. Except as provided herein, this Amendment shall not be deemed (i) to be a waiver of, or consent to, or a modification or amendment of, any other term or condition of the Agreement or (ii) to prejudice any right or rights which KNMX, EveryStory, and the Shareholders may now have or may have in the future under or in connection with the Agreement or any of the instruments or agreements referred to therein, as the same may be amended, restated, supplemented or otherwise modified from time to time.

 

4. Incorporation by Reference. The terms of the Agreement are incorporated herein by reference and shall form a part of this Amendment as if set forth herein in their entirety.

 

[Signature Page to Follow]

 

 

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IN WITNESS WHEREOF, each of the parties hereto has executed this Amendment the respective day and year set forth below to be effective as of the day and year first written above.

 

 

KNMX:   KNOWLEDGE MACHINE INTERNATIONAL, INC.  
       
    By: /s/ Vivek R. Dave, Ph.D  
    Name: Vivek R. Dave, Ph.D,  
    Title: President and CEO  
       
EveryStory:   EVERYSTORY, INC.  
       
    By: /s/ Edward Cox  
    Name: Edward Cox  
    Title: CEO  
       
Shareholders:      
    /s/ Edward Cox  
    Edward Cox  
       
       
    /s/ David Keene  
    David Keene  
       
       
    Seniors In Touch  
       
    By: /s/ Donald Sapaugh  
    Name: Donald Sapaugh  
    Title: Member/Manager  
       
       
    CorProminence  
       
    By: /s/ Scott Gordon  
    Name: Scott Gordon  
    Title: President  

 

 

 

 

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