WFAM 8k ITEM 1.01. Entry into a Definitive Mater
Post# of 8476
[b]WFAM 8k ITEM 1.01. Entry into a Definitive Material Agreement
On May 8, 2013, Wikifamilies, Inc. (the “Company”) entered into a Share Purchase Agreement with John Pena and JP09 & Associates, Inc. (collectively, “Seller”) pursuant to which the Company shall purchase 60% of the issued and outstanding capital stock (“Shares”) of RC One, Inc., a Nevada corporation (“RC”). The purchase price for the Shares shall be $807,651.16 to be paid as follows: (i) at closing (which is currently scheduled for May 24, 2013 but which may not occur later than May 31, 2013), by satisfaction by the Company of a promissory note of Seller owed to the Company in the amount of $207,651.16; and (ii) in installment payments by the Company of $50,000 per month over the next 12 months commencing on the first month anniversary of the Closing Date and continuing on each subsequent month anniversary for 11 consecutive months.
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.
WIKIFAMILIES, INC.
Dated: May 9, 2013 By: /s/ Trisha Malone
Chief Executive Officer
http://archive.fast-edgar.com/20130509/Aabb-8...8B-l7-o6P/
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