Current Report Filing (8-k)
2016年8月18日 - 4:21AM
Edgar (US Regulatory)
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
August
11, 2016
Date
of Report (Date of earliest event reported)
MAGNOLIA
LANE INCOME FUND
(Exact
name of registrant as specified in its charter)
Nevada
|
|
000-54379
|
|
|
(State or other
Jurisdiction
of Incorporation)
|
|
(Commission
File Number)
|
|
(IRS
Employer
Identification No.)
|
7
Grove Street
Topsfield,
MA 01983
(Address
of Principal Executive Offices) (Zip Code)
(978)
887-5981
(Registrant's
telephone number, including area code)
(Former
name or former address, if changed since last report)
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))
Item 1.01. – Entry into a Material Definitive Agreement
6 Park Street Property
On August 11, 2016, Magnolia Lane Income
Fund (the “Company”) entered into a “Magnolia Lane Share Issuance Agreement” with a subsidiary, Butler
Cabin, LLC. (“Butler”), in which the Company purchased from Butler the remaining ownership interest (36%) of real property
located at 6 Park Street, Topsfield, MA 01983. As consideration for the purchase, the Company agreed to issue Butler 61,396 shares
of common stock of the Company. The Company now owns a 100% interest in 6 Park Street, Topsfield, MA 01983.
36-42 Main Street Property
On August 11, 2016, the Company entered
into a “Magnolia Lane Share Issuance Agreement" with Founders Circle Partners, LLC (“Founders”) whereby
the Company purchased from Founders a 100% interest in real property located at 36-42 Main Street, Topsfield, MA 01983. As consideration
for the purchase, the Company agreed to issue Founders 170,831 shares of common stock of the Company.
The above description of the Magnolia
Lane Share Issuance Agreements with Butler and Founders 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, this reference is made to such agreements, which are filed hereto as Exhibit 10.1 and Exhibit
10.2, respectively, and incorporated herein by this reference.
Item 3.02 Unregistered Sales of Equity
Securities.
Reference is made to the disclosure
set forth under Item 1.01 of this Report, which disclosure is incorporated herein by reference.
The foregoing securities were issued
without registration under the Securities Act of 1933 (the “Securities Act”) in reliance on the exemptions provided
by Section 4(a)(2) of the Securities Act and/or Regulation D promulgated thereunder.
Section 9.01
- Financial Statements and Exhibits
Exhibit
Number
|
|
Description
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10.1
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Magnolia
Lane Share Issuance Agreement, between Company and Butler Cabin, LLC, dated August 11, 2016.
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10.2
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Magnolia
Lane Share Issuance Agreement, between Company and Founders Circle Partners, LLC, dated August 11, 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.
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MAGNOLIA
LANE INCOME FUND
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|
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Date: August
17, 2016
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By:
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/s/
Brian Woodland
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Name:
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Brian
Woodland
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Title:
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President
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3
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