Item 1.01
Entry into Material Definitive Agreement
Share Exchange Agreement
On
October 13, 2016, Health Advance Inc. (the “Company”)
entered into a share exchange agreement (the “Share Exchange
Agreement”) with Hantian Labs Limited., a corporation
existing under the laws of the United Kingdom (“Hantian
Labs”) to acquire all of the issued and outstanding shares of
Hantian Labs. Pursuant to the Share Exchange Agreement, the Company
will acquire from Hantian Labs one hundred percent (100%) interest
in Hantian Labs and its controlling subsidiaries. In consideration
for the Share Exchange Agreement, the Company shall issue to
Hantian Labs 1.5 common shares of the Company for each share of
Hantian Labs issued and outstanding at the time of
closing.
As a
closing condition to the Share Exchange Agreement, Hantian Labs is
required to complete a financing of a minimum of $250,000 US for
the marketing of Hantian Labs’ product line.
The foregoing description of the terms of the Share Exchange
Agreement are qualified in its entirety by reference to the
provisions of the agreement filed as Exhibit 10.1 to this Current
Report on Form 8-K (this “Report”), which is
incorporated by reference herein.
Item 2.01
Completion of Acquisition.
As
described in Item 1.01, the Company shall acquire Hantian Labs
pursuant to the Share Exchange Agreement. The disclosures in Item
1.01 of this Report regarding the share exchange is incorporated
herein by reference in its entirety.
Description of Hantian Labs Limited
Hantian
Labs (
www.hantianlabs.com)
is an
emerging global leader in anti-ageing and vitality nutraceutical
products. Developed by a team of research scientists, athletes and
beauty professionals, the Hantian line of tablets uses
state-of-the-art age reversal technology to diminish the signs of
ageing, whilst enhancing, enriching and extending the lives of
their consumers. Products, including GHBurn, Alpha Elite and
Revitamar, are made at Hantian’s GMP ISO 9001 and Informed
Sports certified facility in the United Kingdom with the strictest
quality standards. Hantian products are Medicines & Healthcare
Products Regulatory Agency (MHRA) approved. Hantian also has
licenses issued by the Minister of Health for Canada, issued under
the authority of section 7 of the Natural Health Products
Regulations, for its products GHBurn and Alpha Elite.
GHBurn
is a scientifically proven powerful natural precursor to HGH (Human
Growth Hormone), the body’s master hormone. It was uniquely
designed to enhance the body’s hormonal system, which begins
to deteriorate after the age of thirty. It increases testosterone
production, lean muscle mass, enhances energy, alertness and
libido, while decreasing fat production and cravings. GHBurn
provides muscles with increased energy at the cellular level
enhancing athletic performance and ability. Used daily, the unique
proprietary blend of ingredients regulates male hormones, which in
effect halts and more importantly reverses the aging
process.
Alpha Elite is widely considered one of the
ultimate
supplements to combat
natural testosterone deterioration and enhance overall male
performance. It stimulates and intensifies all vigorous activity
for the Alpha Elite male. Being stimulant free, it safely elevates
your testosterone to new levels, whilst increasing your lean
muscularity, vascularity and libido.
Revitamar
is a powerful age defying supplement proven to banish wrinkles and
restore a youthful appearance. The pioneering restorative blend of
antioxidants, minerals and marine properties stimulates youthful
radiant skin and softens fine lines. Founded in the age old notion
of ‘health through water’, the high concentration of
marine collagen and sea kelp naturally restore elasticity,
diminishes pigmentation and protect cells from oxidative damage
while hyaluronic acid, zinc and vitamin C, secures moisture,
creates fullness, decreases the appearance of cellulite and
alleviates joint pain.