-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, IOz4z0ekmZ1Tb7D2Bhrnog95de2L4JaUb7ttdYjXc4zaxKtlZxs2yxHd+LERcmJl W7IHmwgVDF1fPpbbStL36Q== 0000930413-06-003434.txt : 20060503 0000930413-06-003434.hdr.sgml : 20060503 20060503081649 ACCESSION NUMBER: 0000930413-06-003434 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20060503 ITEM INFORMATION: Other Events ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20060503 DATE AS OF CHANGE: 20060503 FILER: COMPANY DATA: COMPANY CONFORMED NAME: PERFISANS HOLDINGS INC CENTRAL INDEX KEY: 0001049861 STANDARD INDUSTRIAL CLASSIFICATION: SEMICONDUCTORS & RELATED DEVICES [3674] IRS NUMBER: 911869317 STATE OF INCORPORATION: MD FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 000-23689 FILM NUMBER: 06801542 BUSINESS ADDRESS: STREET 1: 7828 KENNEDY ROAD STREET 2: SUITE 201 CITY: MARKHAM STATE: A6 ZIP: L3R 5P1 BUSINESS PHONE: 905-943-9996 MAIL ADDRESS: STREET 1: 7828 KENNEDY ROAD STREET 2: SUITE 201 CITY: MARKHAM STATE: A6 ZIP: L3R 5P1 FORMER COMPANY: FORMER CONFORMED NAME: GRIFFIN INDUSTRIES INC DATE OF NAME CHANGE: 19971117 8-K 1 c42453_8k.txt 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 MAY 3, 2006 (APRIL 24, 2006) Date of Report (Date of earliest event reported) PERFISANS HOLDINGS, INC. (Exact name of registrant as specified in its charter) MARYLAND 000-23689 91-1869317 -------- --------- ---------- (State of Incorporation) (Commission File Number) (IRS Employer Identification No.) 7828 Kennedy Road, Unit #201, Markham, Ontario L3R 5P1 (Address of principal executive offices) (zip code) Registrant's telephone number, including area code: (905) 943-9996 Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligations 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)) SAFE HARBOR STATEMENT UNDER THE PRIVATE SECURITIES LITIGATION REFORM ACT OF 1995: This Form 8-K contains forward-looking statements as defined by the Private Securities Litigation Reform Act of 1995. Forward-looking statements include statements concerning plans, objectives, goals, strategies, future events or performance, and underlying assumptions and other statements which are other than statements of historical facts. These statements are subject to uncertainties and risks including, but not limited to, product and service demand and acceptance, changes in technology, economic conditions, the impact of competition and pricing, government regulation, and other risks defined in this document and in statements filed from time to time with the Securities and Exchange Commission. All such forward-looking statements, whether written or oral, and whether made by or on our behalf, are expressly qualified by the cautionary statements and any other cautionary statements which may accompany the forward-looking statements. In addition, we disclaim any obligation to update any forward-looking statements to reflect events or circumstances after the date hereof. ITEM 8.01 OTHER EVENTS On April 24, 2006, Perfisans Holdings, Inc. ("Perfisans") entered into a non binding Letter of Intent (the "Letter") with Zhejiang Figersense Communication Technology Company Limited ("Zhejiang Figersense") to enter into a definitive agreement with the shareholders of Perfisans pursuant to which Perfisans will acquire from Zhejiang Figersense shareholders 100% of the issued and outstanding share capital of Zhejiang Figersense in exchange for the issuance of Perfisans common shares in an amount to be determined. A copy of the Letter of Intent is attached hereto as Exhibit 10.1. ITEM 9.01 FINANCIAL STATEMENTS AND EXHIBITS (c) Exhibit 10.1 Letter of Intent dated April 24, 2006 2 SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the registrant has duly caused this Current Report on Form 8-K to be signed on its behalf by the undersigned thereunto duly authorized. STEELCLOUD, INC. By: /s/ TO-HON LAM --------------------- To-Hon Lam, President May 3, 2006 3 EXHIBIT INDEX EXHIBIT NUMBER DESCRIPTION 10.1 Letter of Intent dated April 24, 2006 EX-10.1 2 c42453_ex10-1.txt CONFIDENTIAL PRIVILEGED AND CONFIDENTIAL LETTER OF INTENT APRIL 24, 2006 DEAR CHIEF EXECUTIVE OFFICER We are pleased to submit this letter of intent (this "Letter of Intent") reflecting the proposal of ZHEJIANG FIBERSENSE COMMUNICATION TECHNOLOGY COMPANY LIMITED ("MGER") to enter into a definitive agreement (the "Share Exchange Agreement"), with the shareholders of PERFISANS HOLDINGS ("MGEE"), pursuant to which MGEE will acquire from the MGER Shareholders 100% of the issued and outstanding share capital of MGER (the "Capital") in exchange for the issuance of MGEE shares (the "Common Shares") necessary to represent approximately TBD% of the issued outstanding stock of MGEE on a fully diluted basis immediately following the closing (as defined below) of the transaction contemplated. The Share Exchange Agreement will encompass the following terms: 1. EXCHANGE OF SHARES; ESCROW. The MGER Shareholders will deliver to MGEE 100% of the Capital of MGER in exchange for TBD% of the issued and outstanding shares of MGEE, calculated on a fully diluted basis and after giving effect to the share exchange. 2. TERMS OF SHARE EXCHANGE AGREEMENT. The parties shall negotiate in good faith to reach agreement on a reasonably acceptable Share Exchange Agreement, to be drafted by counsel for MGER, containing customary covenants, representations, warranties, indemnities, non-compete, non-solicitation, anti-dilution and other provisions, it being understood however that any shares of MGEE Common Stock issued between the date hereof and the closing to directors and officers of MGEE will have an unlimited indemnity from the issues thereof. The Share Exchange Agreement will provide that (a) immediately following the Closing (as defined below), the name of MGEE will be changed to reflect the nature and character of the business of MGER, (b) as soon as practical following the Closing, MGER will seek to list its securities on either the AMEX or NASDAQ exchange. 3. CONDITIONS TO CLOSING. The closing of the Share Exchange Agreement (the "Closing") (a) MGEE will have maintained its listing status. (b) MGER shall represent within the Share Exchange Agreement that the un-audited financial statements of PLGL for March 31, 2006 have been prepared. (c) MGEE insider shareholders shall have executed a mutually agreed leak-out agreement with respect to sales of common shares post-Closing. 4. EXPENSES. Each party will pay its own all fees of its legal counsel associated with the Exchange, including the drafting, preparation and negotiation of the Share Exchange Agreement and all other necessary documentation. 5. ACCESS. Each party shall provide to the other party access to its books, records, financial statements and other information as may reasonably be necessary for the other party to complete its due diligence. 6. NO-SHOP. MGER contemplates the expenditure of substantial time and money in connection with the preparation and negotiation of the Share Exchange Agreement and the due diligence required thereby. Accordingly, upon execution of this Letter of Intent and for a period of 60 days from the date hereof (the "No-Shop Period"), neither party, directly or indirectly, through any representative or otherwise will solicit or entertain offers from, negotiate with or in any manner encourage, discuss, accept or consider the proposal of any other person relating to the acquisition of the stock of either party or business, in whole or in part, whether through direct purchase, merger, consolidation or other business combination without the written consent of the other party. The parties further represent and warrant that there are no existing letters of intent, or other agreements to which either MGER or MGEE are bound with respect to the sale of the Company, the stock of the Company or substantially all of its assets or that conflict with any of the foregoing transactions. CONFIDENTIAL 7. GOVERNING LAW. This Letter of Intent shall be interpreted, construed and enforced in accordance with the laws of New York, without giving effect to its rule or principles governing conflicts of laws that would compel the application of the substantive law of any other jurisdiction. 8. BINDING CONSENT. While it is understood that this Letter of Intent, with the exception of the Section 6, does not constitute a binding agreement between the parties, it does set forth the understanding in principle and the present intention of the parties to enter into a definitive agreement providing for the above understandings upon the terms and conditions mutually acceptable to the parties. 9. TERMINATION. This Letter of Intent may be terminated: (a) By mutual written consent of the parties; (b) Upon execution by the parties of the Share Exchange Agreement; (c) Upon written notice by any party that the due diligence is not satisfactory; or (d) Upon written notice by any party to the other party if the Share Exchange Agreement has not been executed prior to the expiration of the No-Shop Period; provided, however, that the termination of the binding provisions shall not affect the liability of any party of breach of any of the binding provisions prior to the termination. Upon termination, the parties shall have no further obligations hereunder. If the above meets with your approval in principle, please so indicate by returning to us one fully executed copy of this Letter of Intent. The Letter of Intent shall be null and void if it is not executed and received by the parties on or before APRIL 28, 2006, at 8:00 p.m. Pacific Time. Very truly yours, ZHEJIANG FIBERSENSE COMMUNICATION TECHNOLOGY COMPANY LIMITED (MGER) By: /s/ Joe Lin ---------------------------------- Name: Joe Lin Title: Chairman, F&P Holdings Accepted and Agreed: PERFISANS HOLDINGS INC. (MGEE) By: /s/ To Hon Bam ---------------------------------- Name: To Hon Bam Title: CEO 2 -----END PRIVACY-ENHANCED MESSAGE-----