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SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
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FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of
the Securities Exchange Act of 1934
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Date of Report (Date of earliest event reported) January 22, 2009
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AMARU, INC.
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(exact name of registrant as specified in its charter)
Nevada
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(State or other jurisdiction of incorporation)
000-32695 88-0490089
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Commission File Number IRS Employer Identification Number
112 Middle Road, #08-01 Middland House, Singapore 188970
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(Address of principal executive offices)
Registrant's telephone number, including area code: (65) 6332 9287
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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 (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))
ITEM 8.01. OTHER EVENTS
On January 22, 2009, the Board of Directors of Amaru, Inc. a Nevada
corporation (the "Company"), ratified the termination and rescission of the
share sale and purchase agreement dated as of July 10, 2007(the "Agreement") by
and between Tremax International Limited, a British Virgin Islands corporation
and the Company's wholly-owned subsidiary (the "Purchaser"), the Company and
Domaine Group Limited, a British Virgin Islands corporation (the "Seller"), and
a 100% beneficial owner of CBBN Holdings Limited ("CBBN Holdings"). According to
the terms of the Agreement, the Company issued and delivered to the Seller
5,333,333 restricted shares of common stock of the Company (the "Amaru Shares")
in consideration for 100% of the shares of CBBN Holdings ("CBBN Shares") held by
the Seller, however, the Seller did not transfer the CBBN Shares to the Company
or Purchaser on or before the completion date set in the Agreement in violation
and breach of the Agreement. The Company approved the termination and rescission
of the Agreement, because the Seller failed to comply with the terms of the
Agreement and did not deliver to the Company or Purchaser the consideration for
the issuance of the Amaru Shares. The Company further approved the cancellation
of the Amaru Shares.
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act or 1934,
the Registrant has duly caused this report to be signed on its behalf by the
undersigned thereunto duly authorized.
Dated: January 25, 2009 AMARU, INC.
By: /s/ Colin Binny
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Colin Binny
President