Inrob Tech Ltd. - Current report filing (8-K)
December 28 2007 - 9:10AM
Edgar (US Regulatory)
UNITED
STATES
SECURITIES
AND EXCHANGE COMMISSION
Washington,
DC 20549
FORM
8-K
CURRENT
REPORT
Pursuant
to Section 13 OR 15(d) of the Securities and Exchange Act of
1934
Date
of
Report (Date of earliest reported): December 24, 2007
Inrob
Tech Ltd.
(Exact
name of registrant as specified in charter)
88-0219239
|
|
000-49950
|
|
Nevada
|
(IRS
Employer
|
|
(Commission
|
|
(State
or other jurisdiction
|
Identification
No.)
|
|
File
Number)
|
|
of
incorporation)
|
89119
|
|
1515
Tropicana Ave., Ste. 140, Las Vegas, NV
|
(Zip
Code)
|
|
(Address
of principal executive offices)
|
Registrant’s
telephone number, including area code: (702) 795-3601
Copies
to:
Marc
J.
Ross, Esq.
Louis
A.
Brilleman, Esq.
Sichenzia
Ross Friedman Ference LLP
61
Broadway
New
York,
New York 10006
Phone:
(212) 930-9700
Fax:
(212) 930-9725
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 (see General Instructions A.2. below):
Written
communications pursuant to Rule 425 under the Securities Act (17
CFR
230.425)
|
o
|
|
|
Soliciting
material pursuant to Rule 14a-12 under the Exchange Act (17 CFR
240.14a-12)
|
o
|
|
|
Pre-commencement
communications pursuant to Rule 14d-2(b) under the Exchange Act (17
CFR
240.14d-2(b))
|
o
|
|
|
Pre-commencement
communications pursuant to Rule 13e-4(c) under the Exchange Act (17
CFR
240.13e-4(c))
|
o
|
ITEM
1.01 Entry into a Material Definitive Agreement
On
December 24, 2007, InRob Tech Ltd. (the “Company”) entered into an agreement
(the “Agreement”) and a manufacturing agreement (the "Manufacturing Agreement,"
together with the Agreement, the "Agreements") with CP Communication Services,
Inc., a Philippines corporation ("CPCOM"), that provides for the lease of the
use of CPCOM's premises on a full turnkey basis. The premises include floor
space, utilities, equipment and machinery intended to be used for the
manufacture of various components of mobile robots and other products for both
civilian and military use to be marketed and sold by the Company.
Under
the
terms of the Agreements, CPCOM is committing to manufacture, and the Company
has
the right to order, products with a total value of up to $28,500,000. In order
to secure this right, the Company is required to pay to CPCOM an amount of
$2,950,000, of which $1,000,000 is due by December 31, 2007, with the balance
due and payable by March 31, 2008.
The
Agreements provide that CPCOM is required to adapt its existing premises in
accordance with the Company's specifications and to be ready to commence the
manufacture of products within 48 hours of the receipt of a purchase order
from
the Company. The Agreements grant the Company preferred status and priority
over
any other party that CPCOM may provide manufacturing services for.
The
Agreement will remain in effect for an unlimited period of time. The Agreement
may be terminated by the Company at any time for any reason upon ten day prior
notice without refund of amounts paid.
ITEM
9.01
Financial
Statements and Exhibits
(a)
|
Financial
statements of businesses
acquired.
|
(b)
|
Pro
forma financial information.
|
Not
applicable.
Exhibit
Number
|
|
Description
|
|
|
|
10.1
|
|
Agreement
dated December 24,
2007
|
|
|
|
10.3
|
|
Manufacturing
Agreement dated December 24,
2007
|
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.
|
|
|
|
/s/
BEN-TSUR JOSEPH
|
|
|
Date:
December 26, 2007
|
Ben-Tsur
Joseph,
|
|
|
|
Chief
Executive Officer
|
|
|
|
Inrob Tech (CE) (USOTC:IRBL)
Historical Stock Chart
From May 2024 to Jun 2024
Inrob Tech (CE) (USOTC:IRBL)
Historical Stock Chart
From Jun 2023 to Jun 2024
Real-Time news about Inrob Tech Ltd (CE) (OTCMarkets): 0 recent articles
More Inrob Tech Ltd. News Articles