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<SEC-DOCUMENT>0001144204-11-006007.txt : 20110204
<SEC-HEADER>0001144204-11-006007.hdr.sgml : 20110204
<ACCEPTANCE-DATETIME>20110204143509
ACCESSION NUMBER:		0001144204-11-006007
CONFORMED SUBMISSION TYPE:	8-K
PUBLIC DOCUMENT COUNT:		1
CONFORMED PERIOD OF REPORT:	20101205
ITEM INFORMATION:		Unregistered Sales of Equity Securities
ITEM INFORMATION:		Financial Statements and Exhibits
FILED AS OF DATE:		20110204
DATE AS OF CHANGE:		20110204

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			Coda Octopus Group, Inc.
		CENTRAL INDEX KEY:			0001334325
		STANDARD INDUSTRIAL CLASSIFICATION:	SEARCH, DETECTION, NAVIGATION, GUIDANCE, AERONAUTICAL SYS [3812]
		IRS NUMBER:				342008348
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			1031

	FILING VALUES:
		FORM TYPE:		8-K
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	000-52815
		FILM NUMBER:		11574008

	BUSINESS ADDRESS:	
		STREET 1:		164 WEST 25TH STREET,
		STREET 2:		6TH FLOOR,
		CITY:			NEW YORK
		STATE:			NY
		ZIP:			10001
		BUSINESS PHONE:		212 924 3442

	MAIL ADDRESS:	
		STREET 1:		164 WEST 25TH STREET,
		STREET 2:		6TH FLOOR,
		CITY:			NEW YORK
		STATE:			NY
		ZIP:			10001
</SEC-HEADER>
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<TYPE>8-K
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<FILENAME>v210112_8k.htm
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    <title>Unassociated Document</title>
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AND EXCHANGE COMMISSION</font></div>
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D.C. 20549</font></div>
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8-K</font></div>
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REPORT</font></div>
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to Section 13 or 15(d) of</font></div>
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Securities Exchange Act of 1934</font></div>
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Report (Date of earliest event reported): December 5, 2010</font></div>
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OCTOPUS GROUP, INC.</font></div>
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Office Center I</font></div>
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Town Square Place, Jersey City, Suite 1201</font></div>
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Jersey 07310</font></div>
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Including Zip Code of Principal Executive Offices)</font></div>
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924-3442</font></div>
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telephone number)</font></div>
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York 10001</font></div>
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name or former address, if changed since last report)</font></div>
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to:</font></div>
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Brilleman, Esq.</font></div>
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Street, 11<font style="DISPLAY: inline; FONT-SIZE: 70%; VERTICAL-ALIGN: super">th</font>
Floor</font></div>
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New York 10005</font></div>
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(212) 709-8210</font></div>
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(212) 943-2300</font></div>
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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):</font></div>
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pursuant to Rule 425 under the Securities Act (17 CFR 230.425)</font></div>
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pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)</font></div>
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communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR
240.14d-2(b))</font></div>
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communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR
240.13e-4(c))</font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left">&#160;</div>
    <div id="PGBRK" style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt">
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    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-WEIGHT: bold; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><a name="FIS_ENTRY_MATERIAL_AGREEMENT">Item 3.02 Unregistered Sales of Equity
Securities.</a></font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">On
December 5, 2011, Coda Octopus Group Inc. (the &#8220;Company&#8221;) completed the issuance
of 21,857,143 shares of common stock of the Company to certain of its
shareholders in exchange for (i) the surrender by these shareholders of warrants
to purchase an aggregate of 21,857,143 shares and (ii) amendments (the
&#8220;Amendments&#8221;) to a series of identical securities purchase agreements (the
&#8220;Agreements&#8221;) between the Company and such shareholders.&#160;&#160;The
Agreements were entered into between the Company and a group of accredited
individual and institutional investors between April and May 2007 and contained
certain price protection and ratchet provisions that hampered the Company&#8217;s
ability to raise additional financing.&#160;&#160;As a result of the Amendments,
such provisions were deleted from the Agreements.&#160;&#160;Under the terms of
the Agreements, the Amendments required the consent of no less than 85% of the
parties thereto.&#160;&#160;In addition, the Agreements were terminated with
respect to all consenting shareholders.&#160;&#160;No cash was paid to any
person in the exchange.</font></div>
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    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">As a
result of the transaction described above, as of the date hereof, there are
74,103,102 shares of common stock issued and outstanding.</font></div>
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of the shares of common stock was exempt from the registration requirements of
the Securities Act of 1933, as amended (the &#8220;Act&#8221;) pursuant to Section 4(2) of
the Act due to the fact that the offering of the shares of common stock was made
on a private basis to a limited number of purchasers.</font></div>
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    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-WEIGHT: bold; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><a name="FIS_FINANCIAL_STATEMENTS_AND_EXHIBITS">Item 9.01 Financial Statements and
Exhibits.</a></font></div>
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          <tr>
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    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-WEIGHT: bold; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">SIGNATURES</font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">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.</font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left">&#160;</div>
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February 3, 2011</font></div>
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      Geoffrey Turner</font></div>
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Officer</a></font></div>
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