UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): June 24, 2009
CHINA WI-MAX COMMUNICATIONS, INC.
---------------------------------
(Exact name of registrant as specified in its charter)
Nevada
------
(State or other jurisdiction of incorporation)
000-53268 61-1504884
- --------------------------- -------------
(Commission File Number) (I.R.S. Employer
Identification No.)
1905 Sherman Street, Suite 335, Denver, Colorado 80203
------------------------------------------------------
(Address of principal executive offices)(Zip Code)
Registrant's telephone number, including area code: 303-993-8028
____n/a_____
(Former name, former address and former fiscal year,
if changed since last report)
Total number of pages in this document: 3
-----
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.
[_] Written communications pursuant to Rule 425 under the Securities Act (17
CFR240.14d-2(b))
[_] Soliciting material pursuant to Rule 14a-12 under Exchange Act (17
CFR240.14a-12)
[_] Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange
Act (17 CFR240.14d-2(b))
[_] Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange
Act (17 CFR240.13e-4(c))
SECTION 1 - REGISTRANT'S BUSINESS AND OPERATIONS
Item 1.01 Entry into a Material Definitive Agreement
Changhai Chen Agreement
- -----------------------
On June 24, 2009, the Company entered into an Employment Agreement with
Changhai Chen. The Agreement was approved by the Board on August 21, 2009. Under
the Agreement, Mr. Chen will receive a salary of $5,000 per month.
The term of the Agreement is annual upon the effective date. The
Agreement will automatically renew for an additional one year term unless either
party gives written notice no less than sixty days prior to the expiration that
they do not intend to renew the Agreement.
A copy of the text of the Agreement is attached hereto as an exhibit.
Eric Hager Agreement
- --------------------
On July 1, 2009, the Company entered into a Consulting Letter Agreement
with Eric Hager. The Agreement was approved by the Board on August 21, 2009.
Under the Agreement, Mr. Hager will be compensated as follows:
o An hourly fee of $100 with a cap of $800 per day, exclusive of
out-of-pocket expenses;
o A minimum retainer of $2,400 per month; and
o A stock option grant of 25,000 common shares. The shares are to be
issued at a future date to be determined by the Board of Directors.
In exchange for said fees, Mr. Hager agreed to provide the following
services:
o Preparing and presenting expert opinion on operations and business
models to investor road shows on a case-by-case basis;
o Assisting in network planning and oversight of operations in China;
and
o Developing a detailed strategic positioning of a U.S. based VLAN/VPN
revenue model into current business models and building the Company's
cost and operational models within China.
The term of the Agreement is month-to-month. Either party may terminate
the agreement at any time and without cause upon thirty days written notice.
A copy of the text of the Agreement is attached hereto as an exhibit.
2
SECTION 9 - FINANCIAL STATEMENTS AND EXHIBITS
Item 9.01 - Financial Statements and Exhibits
A. Financial Statements - None
B. Exhibits -- 10.1 Changhai Chen Employment Agreement
10.2 Consulting Letter Agreement (Eric Hager)
3
SIGNATURES
Pursuant to the requirements 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.
CHINA WI-MAX COMMUNICATIONS, INC.
---------------------------------
(Registrant)
Dated: August 27, 2009
/s/ Steven Berman
-----------------------------------
Steven Berman, President
4