Current Report Filing (8-k)
May 25 2018 - 1:57PM
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
May
25, 2018
Date
of Report
Solis
Tek Inc
(Exact
name of registrant as specified in its charter)
Nevada
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000-52446
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20-8609439
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(State
or other jurisdiction
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(Commission
|
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(IRS
Employer
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of
incorporation)
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File
Number)
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Identification
No.)
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853
Sandhill Avenue
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Carson,
CA
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90746
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(Address
of principal executive offices)
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(Zip
Code)
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(888)
998-8881
Registrant’s
telephone number, including area code
Check
the appropriate box below if the Form 8-K is intended to simultaneously satisfy the filing obligation of the registrant under
any of the following provisions:
[ ]
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Written
communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
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[ ]
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Soliciting
material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
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[ ]
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Pre-commencement
communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
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[ ]
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Pre-commencement
communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
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Indicate
by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405
of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
Emerging
growth company [X]
If
an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for
complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. [ ]
Item
1.01- Entry into a Material Definitive Agreement
On
May 10, 2018, we filed a Report on Form 8-K reporting that on April 19, 2018, Solis Tek Inc., (the “Company”) entered
into an Option Agreement (the “
Option
”) with MSCP, LLC, a non-affiliated Arizona limited liability company
(the “Lessor”), pursuant to which, a wholly owned subsidiary of the Company, (the “Company Subsidiary”),
was granted an option to enter into a certain Lease Agreement (the “Lease”) for the real property, including the structure
and all improvements, identified in the Option (the “Premises”). The Premises consists of 70,000 square feet of space
and is to be used for the sole purpose of providing services related to the management, administration and operation of a cultivation
and processing facility (“Facility”) on behalf of an Arizona limited liability company operating as a nonprofit organization
(“Arizona Licensee”) which has been allocated a Medical Marijuana Dispensary Registration Certificate by the Arizona
Department of Health Services (“AZDHS”). The activities within the Facility are limited to the cultivation, processing,
production and packaging of medical marijuana (“MMJ”) and manufactured and derivative products which contain medical
marijuana (collectively “MMJ Products”), with no right to sell or dispense any such plants or products. The Lease
is for a 5-year initial term (the “Term”) with an option to renew for an additional 5 year term. The base rent for
the initial year of the Term is $101,500. per month with additional pro-rata net-lease charges.
On
May 19, 2018, the Company exercised the Option and the Company’s wholly owned subsidiary, YLK Partners AZ, LLC executed
the Lease. The Company is a guarantor of the Company Subsidiary’s obligations under the Lease, on behalf of Arizona Licensee.
Item
2.01 Completion of Acquisition or Disposition of Assets.
See
Item 1.01 above.
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.
Date:
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May
25, 2018
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Solis
Tek Inc.
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By:
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/s/
Alvin Hao
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Alvin
Hao, Executive Vice President
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