Unassociated Document
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
June
18, 2008
Date
of
Report (Date of earliest event reported)
EESTECH,
INC.
(Exact
name of registrant as specified in its charter)
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Delaware
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000-32863
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33-0922627
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(State or other jurisdiction of incorporation)
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(Commission
File Number)
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(I.R.S.
Employer Identification No.)
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1260
S. Highway 89, Building 1, Suite H-5
Chino
Valley, Arizona 86323
(Address
of principal executive offices and zip code)
(928)
636-6255
(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:
o 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))
Item
5.02 – Departure of Directors or Certain Officers; Election of
Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain
Officers.
On
May 2,
2007, EESTech, Inc. (the “Company”) entered into a Consultancy Agreement (the
“Agreement”) with Australia Corporation Consulting Pty Ltd (“ACC”). The Company
disclosed the terms of the Agreement by filing a current report on Form 8-K
with
the Securities and Exchange Commission on June 6, 2007 (the “Prior Filing”). The
contents of the Prior Filing, including all exhibits thereto, as they pertain
to
ACC are incorporated herein by reference.
On
June
18, 2008 the Company and ACC entered into a letter agreement (the “Letter
Agreement”) pursuant to which they mutually agreed to make the amendments to the
Agreement listed below. The Letter Agreement is filed as an exhibit to this
filing, and the terms thereof are incorporated herein by reference.
a. The
term
of the contract has been amended to end on March 31, 2010;
b. The
cash
remuneration to be paid to ACC has been reduced to USD125,000 per annum for
each
of the periods from April 1, 2008 through March 31, 2009 and April 1, 2009
through March 31, 2010; and
c. The
monthly stock entitlement, effective as of April 1, 2008, has been reduced
to
3,000 shares of common stock of the Company for the remaining term of the
Agreement.
Item
9.01 Financial
Statements and Exhibits.
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10.1
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Letter
Agreement dated June 18, 2008 between the Company and Australia
Corporation Consulting Pty Ltd., concerning the Consultancy Agreement
dated May 2, 2007.
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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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EESTECH,
INC.
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Date:
June 20, 2008
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By:
/s/ Murray
Bailey
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Name:
Murray Bailey
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Title:
President
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