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3D PIONEER SYSTEMS, INC. FILES (8-K) Disclosing Entry into a Material Definitive Agreement, Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant, Change in Directors or Principal Officers, Other Events, Financial Statements and Exhibits

August 5, 2014

Item 1.01 Entry into a Material Definitive Agreement.



(a) On August 1, 2014, registrant 3D Pioneer Systems, Inc., a Nevada corporation (the "Company") entered into a license and collaboration agreement with Tassos Kotsiras for the exclusive license of certain intellectual property, and the parties' collaboration, for the development of mobile app games titled "Save Your Planet". The tem of the agreement is for 5 years, with an option to extend for another 5 years. The parties shall split net profits derived from the products of the license and collaboration 50/50, and the Company shall issue to Mr. Kotsiras 75,000 shares of its common stock for each $1,000,0000 USD in net profits derived from the products. A copy of the agreement is attached hereto as exhibit 10.1.

(b) See Item 2.03 below for a discussion of the secured loan from Deltoid Holdings.

(c) See Item 5.02 below for a discussion of the amendment to Mr. Tsingos consulting agreement.

(d) See Item 8.01 below for a discussion of the intercompany loan agreement between the Company and its wholly-owned subsidiary 3D Pioneer Systems Malta I Ltd.

Item 2.03 Creation of a Direct Financial Obligation or an Obligation



under an Off-Balance Sheet Arrangement of a Registrant

On July 31, 2014, the Company borrowed $100,000 from Deltoid Holdings Ltd. pursuant to the terms of a letter loan agreement, promissory note and pledge of shares agreement. The loan accrues interest at 5% annually and is due for repayment on October 28, 2014. The loan obligation is secured by the equity of the Company's subsidiary 3D Pioneer Systems Malta (Holdings) Ltd. Copies of the letter loan agreement, promissory note, and pledge of shares agreement are attached hereto as exhibit 10.2, 10.3 and 10.4, respectively.

Item 5.02 Departure of Directors or Certain Officers; Election of



Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.

On July 24, 2014, the Company and its sole officer Alexandros Tsingos amended a consulting agreement dated January 15, 2014 between the parties, pursuant to which Mr. Tsingos is compensated for his officer services, to amend certain terms that constituted an event of termination for cause and to add a severance of $120,000 in the case of termination without cause. Such amendment is attached hereto as exhibit 10.5.

Item 8.01 Other Events



On July 16, 2014, the Company memorialized its prior loans to its subsidiary 3D Pioneer Systems Malta I Ltd. by the parties entering into an intercompany loan agreement. The loan is for the aggregate of $297,290, which represents amounts paid by the Company for its subsidiary from February through June 2014 for expenses. The loan accrues no interest, is due upon demand, and accelerates upon certain conditions. A copy of the intercompany loan agreement is attached hereto as exhibit 10.6.

Item 9.01 Financial Statements and Exhibits (d) Exhibits. 10.1 License and collaboration Agreement 10.2 Letter Loan Agreement 10.3 Promissory Note 10.4 Pledge of Shares Agreement 10.5 Amendment No. 1 to Consulting Agreement 10.6 Intercompany Loan Agreement



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Source: Edgar Glimpses


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