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- Current report filing (8-K)
FORM 8-K
Item 1.01. Entry into a Material Definitive Agreement
On March 14, 2011, EGPI Firecreek, Inc. (“EGPI” or the “Company”) entered into and completed the closing of a Stock Purchase Agreement (the “Purchase Agreement”) involving the sale of Terra Telecom, Inc. (“TTI”), a wholly-owned subsidiary which provides state-of-the-art communication technologies to various sized companies and organizations that use and deploy communications systems, sales, service, and training while consolidating and optimizing the end user experience., to Distressed Asset Acquisitions, Inc. (“DAAI”) for approximately $25,000 in the form of a promissory note (the “Purchase Price”). The promissory note is to be paid to EGPI on or before March 14, 2012 (the “ Maturity Date ) in lawful money of the United States of America and in immediately available funds the principal sum of $25,000, together with interest on the unpaid principal of this Note from the date hereof at the interest rate of Nine Percent (9%). The Note can be extended for one additional twelve month period. TTI was acquired by EGPI as part of a Stock Purchase Agreement in September 2010.
On March 14, 2011, EGPI entered into and completed the closing of a Stock Purchase Agreement (the “Purchase Agreement”) involving the sale of Oklahoma Telecom Holdings, Inc. (“OTH”), an Oklahoma corporation, formerly known as Terra Telecom, LLC., an Oklahoma limited liability company, a wholly-owned subsidiary which provides state-of-the-art communication technologies to various sized companies and organizations that use and deploy communications systems, sales, service, and training while consolidating and optimizing the end user experience, to Distressed Asset Acquisitions, Inc. (“DAAI”) for approximately $25,000 in the form of a promissory note (the “Purchase Price”). The promissory note is to be paid to EGPI on or before March 14, 2012 (the “ Maturity Date ) in lawful money of the United States of America and in immediately available funds the principal sum of $25,000, together with interest on the unpaid principal of this Note from the date hereof at the interest rate of Nine Percent (9%). The Note can be extended for one additional twelve month period. OTH was acquired by EGPI as part of a Stock Purchase Agreement in September 2010.
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18-03-11, 13:39
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