Item 1.01
Entry into Material Definitive Agreement
Share Exchange Agreement
On January 16, 2017, Health Advance Inc. (the “Company”) closed 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 has acquired from Hantian Labs one hundred percent (100%) interest in Hantian Labs and its controlling subsidiaries. In consideration for the Share Exchange Agreement, the Company issued 18,000,000 shares of its common stock, par value $.001 (the “Common Stock”) to the shareholders of Hantian Labs representing the purchase price of Hantian Labs. Accordingly, the Company’s issued and outstanding number of common shares increased from 26,520,000 shares to 44,520,000 shares. In addition, Company has waived Hantian’s undertaking to raise a minimum financing of $250,000 for marketing of Hantian’s product line prior to closing.
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 acquired Hantian Labs pursuant to the Share Exchange Agreement. On January 16, 2017, Hantian Labs became a wholly-owned subsidiary of the Company. The disclosures in Item 1.01 of this Report regarding the Share Exchange Agreement is 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.