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): January 30, 2015

MEDICAN ENTERPRISES, INC.
(Exact name of registrant as specified in charter)

Nevada
(State or other jurisdiction of incorporation)

000-53408
  
87-0474017
(Commission File Number)
  
(IRS Employer Identification No.)

 
3440 E. Russell Road,
Las Vegas, NV, 89120
  
 
(Address of Principal Executive Offices)
  
     
 
(800) 416-8802 
  
 
(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 registrant under any of the following provisions:

o
Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
 
o
Soliciting material pursuant to Rule 14a-12(b) under the Exchange Act (17 CFR 240.14a-12(b))
 
o
Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
 
o
Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

 
 
 
 
Item 1.01  Entry into a Definitive Material Agreement

On January 30, 2015, Medican Enterprises, Inc. (the “Company”) entered into an Amendment No. 1 to the Purchase Contract Executed On January 15, 2015 (the “Amendment”) with JTB Real Estate LLLP (“Seller”), wherein the parties agreed to extend the Closing Date specified in the Purchase Contract entered into on January 15, 2015. The Closing Date specified in the Amendment is February 18, 2015.  All other terms of the original Purchase Contract remain the same.

The foregoing summary of the terms of the Agreement and the Convertible Debenture are subject to, and qualified in their entirety by, the agreements and instruments attached hereto as Exhibit 10.1, which is incorporated by reference herein.

Item 9.01    Financial Statements and Exhibits
 
(d) Exhibits.  The following exhibits are filed with this report:
 
Exhibit No.
  
Description of Exhibit
 
10.1
  
Amendment No. 1 to the Purchase Contract dated January 15, 2015 by and between the Company and JTB Real Estate LLLP
     
     
 
 
 
 
     
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 hereunto duly authorized. 

 
MEDICAN ENTERPRISES, INC.
  
       
February 5, 2015
By:
/s/ Kenneth Williams                                  
  
   
Kenneth Williams
  
   
Chief Executive Officer and Director
     

 
 
 
 

 


Exhibit 10.1
 
AMENDMENT No. 1 TO THE
PURCHASE CONTRACT
EXECUTED ON JANUARY 15, 2015

THIS AMENDMENT NO. 1 TO THE PURCHASE CONTRACT EXECUTED ON JANUARY 15, 2015 is made as of January 30, 2015.

BETWEEN:

JTB REAL ESTATE LLLP a limited liability limited partnership formed in accordance with the laws of State of Arizona, and represented by its General Partner, TBJ LLC, an Arizona limited liability corporation
 (the “Seller”)

AND:

MEDICAN ENTERPRISES, INC. a company duly incorporated under the laws of Delaware and having its office at 3440 E Russell Road, Las Vegas, NV 89120

 (the “Buyer”)

WHEREAS:

A.  
The Seller is the owner of fee simple title to an industrial building being approximately 7200 sq. ft. on approximately .83 acres of land in Phoenix, county of Maricopa in the State of Arizona, and having a civic address at 10040 N. Metro Parkway W., Phoenix, Arizona, 85051 and legally described as Lot 3, of METROCENTER TRACT 10, according to the plat of record in the office of the Country Recorder of Maricopa County, Arizona, recorded in Book 797 Maps, page 15 (the “Premises”); and
 
B.  
On January 15, 2015, through a Purchase Contract (the “Original Purchase Contract”) the Seller agreed to sell and the Buyer agreed to purchase all of the Seller’s right, title, and interest in and to the Premises and all of the Seller’s right title and interest in the leasehold improvements owned by the Seller which are used in association with and are located on or about the Premises as at the Closing Date (defined in the original Agreement as January 30, 2015), on the terms and conditions set out in this Agreement; and
 
C.  
The Seller and Buyer have agreed to extend the Closing Date as defined in the Original Purchase Contract from January 30, 2014 to February 18, 2015 to accommodate the requirements of the Buyer’s lender and to complete another appraisal of the Premises.

NOW THEREFORE, the Seller and Buyer agree to extend the Closing Date until February 18, 2015. All other provisions from the Original Purchase Contract shall remain unchanged.
 
 
 
 

IN WITNESS WHEREOF the parties have executed this Agreement.

EXECUTED by MEDICAN ENTERPRISES, INC.
in the presence of:
 
 
/s/                                                  
Witness
)))))))
MEDICAN ENTERPRISES, INC.
per:
 
 
/s/ Ken Williams                                            
Authorized Signatory


 
)))))))
JTB REAL ESTATE LLLP by its General Partner TBJ LLC
 
 
/s/                                                                                                                     
Authorized Signatory

 
 
 

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