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
Date of Report (Date of earliest event reported): April 18, 2011
TREE TOP INDUSTRIES, INC.
(Exact name of Registrant as specified in its charter)
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Nevada
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000-10210
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83-0250943
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(State or other jurisdiction of
incorporation)
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(Commission
File Number)
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(IRS Employer
Identification No.)
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511 Sixth Avenue, Suite 800,
New York, NY
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10011
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(Address of principal executive offices)
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(Zip Code)
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Registrant’s telephone number, including area code:
(775) 261-3728
N/A
(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:
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Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
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Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
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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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Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
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ITEM 8.01 OTHER EVENTS
On April 18, 2011, Tree Top Industries, Inc. (the “Company”), entered into a non-binding term agreement (the “Agreement”) with Sky Music Corporation doo, Sky Solutions doo and Adriatic Region Distribution doo (collectively, “Sky”). Sky is a music equipment sales/rental and public event management and production company in Belgrade. Pursuant to the Agreement, the Company and Sky have exchanged due diligence information and agreed that, subject to certain conditions to be included in definitive documentation, the Company shall acquire all of the outstanding equity of Sky in exchange for $2,500,000 US$ worth of the Company’s common stock.
Item 9.01 Financial Statements and Exhibits.
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99.1
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Term Agreement, between Tree Top Industries, Inc. and Sky Music Corporation doo, Sky Solutions doo and Adriatic Region Distribution doo, dated April 18, 2011.
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Pursuant to the requirements of Section 13 or 15(d) of the Securities Exchange Act of 1934, as amended, the Registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.
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TREE TOP INDUSTRIES, INC.
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By:
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/s/ David Reichman
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David Reichman, CEO
and
Chairman of the Board
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Term Agreement between Tree Top Industries, Inc. and Sky Music Corporation doo, Sky Solutions doo and Adriatic Region Solutions doo
THIS AGREEMENT
(“Agreement”) entered into and effective as of the 18
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day of April, 2011 (“effective date”), by and between Tree Top Industries, Inc. (“Tree Top”), a Nevada corporation having an office and place of business at 511 Sixth Avenue, Suite 800, New York, NY 10011, and Sky Music Corporation doo, Sky Solutions doo, and Adriatic Region Distribution doo (“Sky”) having an office and place of business at Milosev kladenac 11A 11000 Belgrade.
WHEREAS,
Tree Top and Sky have exchanged information and agreed to the points enumerated below, and
NOW THEREFORE,
the parties hereto have agreed as follows:
1. Purchase price of $2,500,000 of Tree Top stock
2. Cash infusion through secondary or other offering of $3,000,000 - $5,000,000
Such other and further terms and details of the transaction, which is subject to the review and approval by US regulatory and Serbian authorities, the Board of Directors and shareholders of Tree Top, is to be completed in the near future, which is expected to be 60 to 90 days.
When combined, Sky Corporation, which includes three independent companies, will be the largest music equipment sales/rental and public event management and production company in South East Europe. As a result of planned cash infusion into Tree To and Sky, under the continued leadership of Sky’s CEO, Milenko Skaric, it is anticipated the company will be in a position to expand throughout Europe in short order.
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Sky Music doo
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Tree Top Industries, Inc.
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By:
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/s/ Milenko Skaric, President
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By:
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/s/ David I. Reichman, Chairman & CEO
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Sky Solutions doo
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Tree Top Industries, Inc.
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By:
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/s/ Milenko Skaric, President
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By:
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/s/ Kathy M. Griffin, President
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Adriatic Region Distriubtion doo
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By:
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/s/ Milenko Skaric, President
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