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)
September 29, 2009
SINO PAYMENTS, INC.
(Exact name of registrant as specified in its charter)
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Nevada | 000-53537 |
(State or other jurisdiction of incorporation) | (Commission File No.) |
Unit T25, GF Bangkok Bank Building
18 Bonham Strand West
Sheung Wan, Hong Kong
(Address of principal executive offices and zip code)
(203) 652-0130
(Registrant's telephone number, including area code)
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 Instruction A.2. below):
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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)) |
Item 1.01 Entry into a Material Definitive Agreement.
Reseller Agreement
On September 29, 2009, the Registrant executed a Reseller Agreement (the “Agreement”) with eNETS Hong Kong Ltd. (“eNETS”), with an effective date of August 3, 2009,whereby eNETS and the Registrant have agreed that Registrant shall have the right to market and sell the eNETS payment gateway system, which is a direct debit and credit card payment gateway that allows users to receive payment of transactions electronically. Pursuant to the terms of the Agreement, the Registrant shall pay to eNETS a pre-determined rate for each transaction processed as fully set forth in the Agreement.The Agreement is attached to this Current Report as Exhibit 10.01.
The foregoing description of the Agreement is only a summary, does not purport to be complete and is qualified in its entirety by reference to the Agreement, a copy of which is filed as Exhibit 10.01 to this Form 8-K and incorporated herein by reference.
Item 2.03 Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant.
The information set forth in Item 1.01 above is incorporated herein by reference.
Item 7.01 Regulation FD Disclosure
On September 29, 2009, Sino Payments, Inc. announced that it had entered into the Agreement.
A copy of the release is attached as Exhibit 99.1. This information shall not be deemed “filed” for purposes of Section 18 of the Securities and Exchange Act 1934, as amended, and is not incorporated by reference into any filing of the company, whether made before or after the date of this report, regardless of any general incorporation language in the filing.
Item 9.01 Financial Statements and Exhibits
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Exhibit # | Description |
10.01 | Reseller Agreement between Sino Payments, Inc. and eNETS Hong Kong, Ltd., dated August 3, 2009, and executed September 29, 2009. |
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99.1 | A copy of the Press Release dated September 29, 2009. |
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
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| SINO PAYMENTS, INC. |
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Date: September 29, 2009 | By: | /s/ Matthew Mecke |
| | Matthew Mecke |
| | Chief Executive Officer |
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