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): January 3, 2014
VERITY CORP.
(Exact name of registrant as specified in its charter)
| Nevada | | 333-147367 | | 38-3767357 |
(State or Other Jurisdiction of Incorporation) | | (Commission File Number) | | (IRS Employer Identification No.) |
47184 258th Street, Sioux Falls, SD 57107
(Address of principal executive offices)
Registrant’s telephone number, including area code: (360) 473-1160
Copy of correspondence to:
Marc J. Ross, Esq.
Thomas A. Rose, Esq.
Sichenzia Ross Friedman Ference LLP
61 Broadway
New York, New York 10006
Tel: (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 Instruction A.2. below):
[ ] Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
[ ] Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
[ ] Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
[ ] 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, and
Item 2.03 Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant.
In December 2012, Verity Farms, LLC (“Verity Farms”), a wholly owned subsidiary of Verity Corp., entered into an amended and restated contract for deed with Duane Spader (“Spader”). In order to provide for additional security to the lender and to restate the current balances due under the prior loan agreement, Verity Farms and Spader entered into a new amended and restated contract for deed (the “New Agreement”). Under the New Agreement, Verity Farms agreed to continue to fulfill its obligations under the original agreement and granted a security interest to Spader in the land purchased under the original agreement. As of December 30, 2013, the total amount due to Spader was $4,001,267.
ITEM 9.01 Financial Statements and Exhibits.
| | 10.01 | Assignment of Amended and Restated Contract For Deed As Collateral, dated as of January 4, 2014, by and between Verity Farms, LLC, and Duane Spader |
| | | |
| | 10.02 | Promissory Note, by Verity Farms, LLC in favor of Duane Spader, dated as of December 30, 2013 |
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.
| | VERITY CORP. |
| | | |
| Dated: January 8, 2014 | By: | /s/ RICHARD KAMOLVATHIN |
| | | Richard Kamolvathin |
| | | President |
