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): ~~August~~September 523, 2019

AGRITEK HOLDINGS, INC.

(Exact name of registrant as specified in its charter)

Delaware

000-1321002

20-848256

(State or other jurisdiction

of incorporation)

(Commission

File Number)

(I.R.S. Employer

Identification Number)

777 Brickell Avenue Suite 500

Miami, Florida 33131

(Address of principal executive offices)

(305) 721-2727

(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:

☐	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))

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§ 230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§ 240.12b-2 of this chapter).

Emerging Growth Company ☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

Item 15.0102 ~~Entry~~Departure ~~into~~of aDirectors ~~Material~~or ~~Definitive~~Certain ~~Agreement~~Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.

On September ~~July 30~~11, 2019, Agritek Holdings, Inc., ~~a Delaware corporation~~ (the “Company”), ~~entered~~issued ~~into~~a anpress ~~Equity~~release ~~Purchase~~announcing ~~Agreement~~the ~~(“Equity~~departure ~~Purchase~~of ~~Agreement”)~~Suneil ~~and~~Singh ~~Registration~~Mundie ~~Rights~~as ~~Agreement~~President ~~(“Registration~~and ~~Rights~~Chief ~~Agreement”)~~Executive ~~with~~Officer ~~Oasis~~and ~~Capital, LLC,~~ a ~~Puerto~~director ~~Rico~~of ~~limited liability~~the ~~company~~Company ~~(“Oasis”).~~and ~~Under~~ the ~~terms~~appointment of ~~the~~Scott ~~Equity~~Benson ~~Purchase~~as ~~Agreement,~~Chief Executive ~~Oasis~~Officer ~~agreed~~and tosole ~~purchase~~Board ~~from~~Director ~~the Company up to $5,000,000~~ of the Company’s. ~~common~~A ~~stock~~copy ~~upon effectiveness~~ of athe ~~registration~~press ~~statement~~release onis ~~Form S-1 (the “Registration Statement”)~~ filed ~~with~~as ~~the~~Exhibit U99.S.1 ~~Securities~~ and ~~Exchange Commission (~~the ~~“Commission”)~~resignation of ~~and~~Mr. ~~subject~~Mundie tofiled ~~certain limitations~~as ~~and~~Exhibit ~~conditions~~10.1 ~~set~~hereto ~~forth~~are inincorporated ~~the~~herein ~~Equity~~by ~~Purchase Agreement~~reference.

Following effectiveness of the Registration Statement, and subject to certain limitations and conditions set forth in the Equity Purchase Agreement, the Company shall have the discretion to deliver put notices to Oasis and Oasis will be obligated to purchase shares of the Company’s common stock, par value $0.0001 per share (~~the “Common Stock”~~b) ~~based on the investment amount specified in each put notice. The maximum~~ Effective ~~amount~~September ~~that~~19, ~~the Company shall be entitled to put to Oasis in each put notice shall not exceed the lesser of $500~~2019,~~000~~ ~~or one hundred percent (100%) of the average daily trading volume of the Company’s Common Stock during the ten (10) trading days preceding the put~~Mr. ~~Pursuant~~Mundie toresigned ~~the~~from ~~Equity~~his ~~Purchase~~position ~~Agreement,~~as ~~Oasis~~President and ~~its~~Chief ~~affiliates~~Executive ~~will~~Officer ~~not be permitted to purchase~~ and ~~the~~as ~~Company may not put shares of~~ the ~~Company’s~~sole ~~Common~~member ~~Stock to Oasis that would result in Oasis’s beneficial ownership~~ of the ~~Company’s~~board ~~outstanding~~of ~~Common~~directors ~~Stock exceeding 9.99%. The price~~ of each ~~put share shall be equal to eighty five percent (85%)~~ of ~~the~~Agritek ~~Market~~Holdings, ~~Price (as defined in the Equity Purchase Agreement)~~Inc. ~~Puts may be delivered by the Company to Oasis until the earlier of (i) the date on which Oasis has purchased an aggregate of $5~~,~~000,000~~ ~~worth~~and of ~~Common~~certain ~~Stock~~subsidiaries ~~under the terms~~ of the ~~Equity Purchase Agreement, (ii) July 22, 2022, or (iii) written notice of termination delivered by the~~ Company ~~to Oasis, subject to certain equity conditions set forth in the Equity Purchase Agreement~~.

OnThe Company ~~July~~has 30agreed, ~~2019,~~for inpurposes ~~connection~~of ~~with~~Mr. ~~its~~Mundie’s ~~entry into~~existing ~~the~~Employment ~~Equity Purchase~~ Agreement and ~~the~~position ~~Registration~~as ~~Rights Agreement,~~ the Company’s ~~issued~~sole Director ~~Commitment~~to ~~Shares~~treat ~~(as~~Mr. ~~defined~~Mundie’s resignation in the ~~Equity~~ ~~Purchase~~same ~~Agreement)~~manner toas ~~Oasis~~if he were terminated without “Cause.”

~~The~~(c) Effective September ~~Registration~~19, ~~Rights~~2019, ~~Agreement provides that~~ the ~~Company~~board ~~shall~~of directors (ithe “Board”) ~~file~~appointed ~~with~~Mr. ~~the~~Scott ~~Commission~~Benson, ~~the~~as ~~Registration~~Chief ~~Statement~~Executive byOfficer ~~August~~of the 15Company. Mr. Benson, ~~2019;~~has ~~and~~extensive ~~(ii)~~experience ~~use~~providing ~~its~~advisory ~~best~~services ~~efforts~~ to ~~have~~ the ~~Registration~~Cannabis ~~Statement~~industry ~~declared~~and ~~effective~~has byforged ~~the~~relationships with ~~Commission~~many atof the ~~earliest~~industry's ~~possible~~key ~~date~~figures ~~(in~~during ~~any~~his ~~event,~~time byin ~~September 21,~~the ~~2019)~~sector.

~~The foregoing is only a brief description of~~Chief ~~the~~Executive ~~material~~Officer ~~terms of the Equity Purchase~~ Agreement and the Registration Rights Agreement, and does not purport to be a complete description of the rights and obligations of the parties thereunder, and such descriptions are qualified in their entirety by reference to full texts of the Equity Purchase Agreement and Registration Rights Agreement which are incorporated herein and filed as Exhibits 10.1 and 10.2, respectively, to this Current Report on Form 8-K.

~~Item~~In connection 3with Mr.02 ~~Unregistered~~Benson’s ~~Sales~~appointment as Chief Executive Officer of ~~Equity~~the ~~Securities~~Company and Director, the Company shall enter into a Chief Executive Officer Employment Agreement (the “ CEO Agreement”) with Mr. Benson , dated September 19, 2019, pursuant to which Mr. Benson will serve as Chief Executive Officer and sole Board Director. Mr. Benson’s employment is terminable by him or the Company at any time (for any reason or for no reason).

~~Item~~Pursuant to 3the CEO Agreement, Mr.02 ~~Unregistered~~will ~~Sales~~receive an annual base salary of ~~Equity~~$120,000. ~~Securities~~In the event that Mr. Benson’s employment ~~The~~is ~~information~~terminated ~~provided~~within insix ~~item~~months 1of commencing employment with the Company and such termination is not due to Mr.01 Benson’s voluntary resignation (other than at the request of ~~this~~the ~~Current~~Board ~~Report~~or onthe ~~Form~~majority ~~8-K~~shareholders isof ~~incorporated~~the ~~herein~~Company), byMr. ~~reference~~Benson will be entitled to ~~this~~continued ~~Item~~payment 3of his base salary for the remainder of such six-month period.~~02.~~

Item 9.01 Financial Statement and Exhibits.

(d) Exhibits. The exhibit listed in the following Exhibit Index is filed as part of this current report.

Exhibit No.		Description
10.1		~~Equity~~Press ~~Purchase Agreement by and between Agritek Holdings~~Release, ~~Inc. and Oasis Capital, LLC,~~ dated ~~July~~September 2011th, 2019
10.2		Registration Rights Agreement by and between Agritek Holdings, Inc. and Oasis Capital, LLC, dated July 20, 2019
99.1		Registration Letter Suneil Singh Mundie dated September 19, 2019
10.3		Unanimous Written Consent of the Board of Directors of Agritek Holdings, Inc., dated July 29, 2019

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 thereunto duly authorized.

	AGRITEK HOLDINGS, INC.
Date: August 5, 2019	/s/ Suneil Singh Mundie
Date: September 23, 2019	/s/ Scott Benson
	Name: Suneil Singh Mundie
	Name: Scott Benson
	Title: Chief Executive Officer

Filing Compare · AGRITEK HOLDINGS, INC.