<SEC-DOCUMENT>0001295345-14-000376.txt : 20141222
<SEC-HEADER>0001295345-14-000376.hdr.sgml : 20141222
<ACCEPTANCE-DATETIME>20141222161919
ACCESSION NUMBER:		0001295345-14-000376
CONFORMED SUBMISSION TYPE:	8-K
PUBLIC DOCUMENT COUNT:		2
CONFORMED PERIOD OF REPORT:	20141221
ITEM INFORMATION:		Termination of a Material Definitive Agreement
ITEM INFORMATION:		Unregistered Sales of Equity Securities
ITEM INFORMATION:		Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers: Compensatory Arrangements of Certain Officers
ITEM INFORMATION:		Financial Statements and Exhibits
FILED AS OF DATE:		20141222
DATE AS OF CHANGE:		20141222

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			ZAXIS INTERNATIONAL INC
		CENTRAL INDEX KEY:			0000797542
		STANDARD INDUSTRIAL CLASSIFICATION:	BLANK CHECKS [6770]
		IRS NUMBER:				680080601
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		8-K
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	000-15746
		FILM NUMBER:		141303248

	BUSINESS ADDRESS:	
		STREET 1:		42 BEN ZVI STREET
		CITY:			RAMAT GAN
		STATE:			L3
		ZIP:			5224747
		BUSINESS PHONE:		972525795082

	MAIL ADDRESS:	
		STREET 1:		42 BEN ZVI STREET
		CITY:			RAMAT GAN
		STATE:			L3
		ZIP:			5224747

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	INFERGENE CO
		DATE OF NAME CHANGE:	19920703
</SEC-HEADER>
<DOCUMENT>
<TYPE>8-K
<SEQUENCE>1
<FILENAME>zxsi8k12222014.htm
<DESCRIPTION>FORM 8-K
<TEXT>
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<p ALIGN="CENTER"><font FACE="TIMES NEW ROMAN, TIMES, SERIF" SIZE="4"><b>UNITED STATES<br>
SECURITIES AND EXCHANGE COMMISSION<br>
</b></font></p>

<p ALIGN="CENTER"><b><font FACE="TIMES NEW ROMAN, TIMES, SERIF" SIZE="3">Washington, D.C.
20549<br>
</font></b></p>

<p ALIGN="CENTER"><font SIZE="4" FACE="Times New Roman, Times, Serif">___________________<br>
<br>
<strong>FORM 8-K<br>
</strong>___________________</font></p>

<p align="center"><font size="3"><b>CURRENT REPORT</b> </font></p>

<p align="center"><font size="2"><b>Pursuant to Section&nbsp;13 or 15(d) of the Securities
Exchange Act of 1934</b> </font></p>

<p align="center"><font size="2">Date of report (date of earliest event reported):
December 21, 2014</font></p>

<p align="center">&nbsp;</p>

<p ALIGN="CENTER"><font face="TIMES NEW ROMAN, TIMES, SERIF" size="5"><b><u>ZAXIS
INTERNATIONAL INC.</u><br>
</b></font><font face="TIMES NEW ROMAN, TIMES, SERIF" size="1">(Exact Name of Registrant
as Specified in its Charter)</font></p>

<p ALIGN="CENTER">&nbsp;</p>

<p ALIGN="CENTER"><font size="2">Commission File No.: 0-15476</font></p>

<p ALIGN="CENTER">&nbsp;</p>

<table border="0" cellpadding="0" cellspacing="0" width="100%">
  <tr>
    <td width="50%" align="center"><font FACE="TIMES NEW ROMAN, TIMES, SERIF" SIZE="2"><u>Delaware</u></font></td>
    <td width="50%" align="center"><font FACE="TIMES NEW ROMAN, TIMES, SERIF" SIZE="2"><u>68-0080601</u></font></td>
  </tr>
  <tr>
    <td width="50%" align="center" bgcolor="#ffffff"><font size="1">(State of Incorporation)</font></td>
    <td width="50%" align="center" bgcolor="#ffffff"><font size="1">(I.R.S. Employer
    Identification No.)</font></td>
  </tr>
  <tr>
    <td width="50%" align="center"><font size="1">&nbsp; </font></td>
    <td width="50%" align="center"><font size="1">&nbsp; </font></td>
  </tr>
  <tr>
    <td width="50%" align="center">
	<font FACE="TIMES NEW ROMAN, TIMES, SERIF" SIZE="2"><u>42 Ben Zvi Street,
	Ramat Gan, Israel</u></font></td>
    <td width="50%" align="center">
	<font FACE="TIMES NEW ROMAN, TIMES, SERIF" SIZE="2"><u>5224747</u></font></td>
  </tr>
  <tr>
    <td width="50%" align="center" bgcolor="#ffffff"><font size="1">(Address of Principal
    Executive Offices)</font></td>
    <td width="50%" align="center" bgcolor="#ffffff"><font size="1">(ZIP Code)</font></td>
  </tr>
</table>

<p>&nbsp;</p>

<p ALIGN="CENTER"><font FACE="TIMES NEW ROMAN, TIMES, SERIF" SIZE="2">Registrant's
Telephone Number, including area code: (972) 52-579-5082</font></p>

<p ALIGN="CENTER">&nbsp;</p>

<p><font size="2">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): </font></p>

<p><font size="2" FACE="WINGDINGS">&#168</font><font size="2"> Written communications
pursuant to Rule&nbsp;425 under the Securities Act (17 CFR 230.425) <br>
</font><font size="2" FACE="WINGDINGS">&#168</font><font size="2"> Soliciting material
pursuant to Rule&nbsp;14a-12 under the Exchange Act (17 CFR 240.14a-12)<br>
</font><font size="2" FACE="WINGDINGS">&#168</font><font size="2"> Pre-commencement
communications pursuant to Rule&nbsp;14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))<br>
</font><font size="2" FACE="WINGDINGS">&#168</font><font size="2"> Pre-commencement
communications pursuant to Rule&nbsp;13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
</font></p>

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</div>

<p><br clear="all" style="page-break-before:always; mso-break-type:section-break">
</p>
<div>

<hr NOSHADE SIZE="5">

<font FACE="Times New Roman">

<p><b><font size="2">Item 1.02 Termination of a Material Definitive Agreement.
</font></b></p>
	<p><font size="2">On December 2, 2014, Zaxis International Inc., a Delaware corporation
	(the &quot;Registrant&quot;) reported on Form 8-K that it had entered into a
	non-binding Memorandum of Understanding (&quot;MOU&quot;) with Artsys 360 Ltd, a
	private company organized under the laws of the State of Israel (&quot;Artsys&quot;).
	The MOU contemplated that the Registrant and Artsys would enter into a
	reverse merger, subject to a definitive agreement. The Registrant, in its
	Form 8-K filed on November 21, 2014, reported that it had appointed Jehuda
	Maimon as its chief executive officer, chief financial officer and director,
	which appointment was in connection with the contemplated execution of the
	MOU with Artsys. After consultation with the Registrant's note holders, the
	Registrant determined on December 21, 2014 that it would not proceed with
	the reverse merger transaction and not proceed with a definitive agreement. </p>
	<p><b><font size="2">Item 3.02 Unregistered Sales of Equity Securities.</font></b></p>
	<p>On December 16, 2014, the Registrant was informed by five holders of the
	Registrant's convertible notes in the principal amount of $125,000 (the
	&quot;Notes&quot;) that they had exercised their right to convert the Notes into an
	aggregate of 16,500,000 restricted shares of the Registrant's common stock,
	par value $0.0001 per share (the &quot;Common Stock&quot;). The table below sets forth
	the issuances of restricted shares effective on December 21, 2014:</p>

<table BORDER="0" CELLSPACING="0" CELLPADDING="0" WIDTH="100%" class="auto-style1">
  <tr>
    <td WIDTH="35%" VALIGN="MIDDLE" HEIGHT="1"><font FACE="Times New Roman" SIZE="1"><u><b>Name
    of Issuee</b></u></font></td>
    <td WIDTH="15%" VALIGN="TOP" HEIGHT="1" align="center">
	<font FACE="Times New Roman"
    SIZE="1"><u><b>Basis of Issuance</b></u></font></td>
    <td WIDTH="20%" VALIGN="TOP" HEIGHT="1" align="center">
	<font FACE="Times New Roman"
    SIZE="1"><u><b>Total Notes Converted</b></u></font></td>
    <td WIDTH="15%" VALIGN="TOP" HEIGHT="1" align="center"><font FACE="Times New Roman"
    SIZE="1"><u><b>Shares Issued</b></u></font></td>
  </tr>
  <tr>
    <td WIDTH="35%" VALIGN="MIDDLE" HEIGHT="0"><font FACE="Times New Roman" SIZE="1">
	Eli Yoresh</font></td>
    <td WIDTH="15%" VALIGN="TOP" HEIGHT="0" align="center"><font FACE="Times New Roman"
    SIZE="1">Conversion of Notes</font></td>
    <td WIDTH="20%" VALIGN="TOP" HEIGHT="0" align="center"><font FACE="Times New Roman"
    SIZE="1">$12,500</font></td>
    <td WIDTH="15%" VALIGN="TOP" HEIGHT="0" align="center"><font FACE="Times New Roman"
    SIZE="1">1,650,000</font></td>
  </tr>
  <tr>
    <td WIDTH="35%" VALIGN="MIDDLE" HEIGHT="0"><font FACE="Times New Roman" SIZE="1">
	Kfir Silberman</font></td>
    <td WIDTH="15%" VALIGN="TOP" HEIGHT="0" align="center"><font FACE="Times New Roman"
    SIZE="1">Conversion of Notes</font></td>
    <td WIDTH="20%" VALIGN="TOP" HEIGHT="0" align="center"><font FACE="Times New Roman"
    SIZE="1">$18,750</font></td>
    <td WIDTH="15%" VALIGN="TOP" HEIGHT="0" align="center"><font FACE="Times New Roman"
    SIZE="1">2,475,000</font></td>
  </tr>
  <tr>
    <td WIDTH="35%" VALIGN="MIDDLE" HEIGHT="0"><font FACE="Times New Roman" SIZE="1">
	Amir Uziel</font></td>
    <td WIDTH="15%" VALIGN="TOP" HEIGHT="0" align="center"><font FACE="Times New Roman"
    SIZE="1">Conversion of Notes</font></td>
    <td WIDTH="20%" VALIGN="TOP" HEIGHT="0" align="center"><font FACE="Times New Roman"
    SIZE="1">$31,250</font></td>
    <td WIDTH="15%" VALIGN="TOP" HEIGHT="0" align="center"><font FACE="Times New Roman"
    SIZE="1">4,125,000</font></td>
  </tr>
  <tr>
    <td WIDTH="35%" VALIGN="MIDDLE" HEIGHT="0"><font FACE="Times New Roman" SIZE="1">
	Itschak Shrem</font></td>
    <td WIDTH="15%" VALIGN="TOP" HEIGHT="0" align="center"><font FACE="Times New Roman"
    SIZE="1">Conversion of Notes</font></td>
    <td WIDTH="20%" VALIGN="TOP" HEIGHT="0" align="center"><font FACE="Times New Roman"
    SIZE="1">$31,250</font></td>
    <td WIDTH="15%" VALIGN="TOP" HEIGHT="0" align="center"><font FACE="Times New Roman"
    SIZE="1">4,125,000</font></td>
  </tr>
  <tr>
    <td WIDTH="35%" VALIGN="MIDDLE" HEIGHT="0"><font FACE="Times New Roman" SIZE="1">
	Lavi Krasney</font></td>
    <td WIDTH="15%" VALIGN="TOP" HEIGHT="0" align="center"><font FACE="Times New Roman"
    SIZE="1">Conversion of Notes</font></td>
    <td WIDTH="20%" VALIGN="TOP" HEIGHT="0" align="center"><font FACE="Times New Roman"
    SIZE="1">$31,250</font></td>
    <td WIDTH="15%" VALIGN="TOP" HEIGHT="0" align="center"><font FACE="Times New Roman"
    SIZE="1">4,125,000</font></td>
  </tr>
  <tr>
    <td WIDTH="35%" VALIGN="TOP" HEIGHT="0">
	<font size="1">

	<b>Total Unregistered Shares Issued</b></font></td>
    <td WIDTH="15%" VALIGN="TOP" HEIGHT="0" align="center"></td>
	<font size="2" FACE="Times New Roman">

    <td WIDTH="20%" VALIGN="TOP" HEIGHT="0" align="center"><font FACE="Times New Roman"
    SIZE="1">$125,000</font></td>
	</font>
    <td WIDTH="15%" VALIGN="TOP" HEIGHT="0" align="center">
	<font size="1">

	<b>16,500,000</b></font></td>
  </tr>
  </table>
	<p><font size="2">The Registrant relied upon Section 4(2) of the Securities Act
	of 1933, as amended (the &quot;Act&quot;) and Regulation S promulgated under the Act
	by the Securities and Exchange Commission in connection with the issuance of
	the restricted shares of Common Stock to the above individuals, each a
	resident of the State of Israel.</font></p>
	<p><b><font size="2">Item 5.02 Departure of Directors or
	Certain Officers; Election of Directors; Appointment of Certain Officers;
	Compensatory Arrangements of Certain Officers.</font></b></p>
	<p>On December 21 2014, the holders of a majority of the Registrant's
	outstanding shares of voting Common Stock, acting by written consent in lieu
	of a special meeting of stockholders of the Registrant pursuant the
	authority granted by Sections 211(d) and 228 of Title 8 of the Delaware
	General Corporation Law and the Registrant's By-laws (the &quot;Consenting
	Stockholders&quot;), voted to: (i) terminate the negotiations with Artsys and not
	proceed with the reverse merger transaction; and (ii) remove Jehuda Maimon
	as Chief Executive Officer, Chief Financial Officer and director of the
	Registrant. The reason for the removal was not the result of any dispute
	between the Registrant and Mr. Maimon on any matter related to the
	Registrant's operations, policies or practices. Rather, it was a result of
	the determination not to proceed with the contemplated share exchange and
	reverse merger transaction with Artsys. On the same date, the Registrant's
	Consenting Shareholders voted to appoint Mr. Liron Carmel, age 30, as the
	Registrant's Chief Executive Officer, Chief Financial Officer and sole
	director. </p>
	<p>From 2010 through December 2014, Mr. Carmel served as a senior analyst in
	the Investment Division of Excellence Group, a leading investment firm in
	Israel. In such capacity, Mr. Carmel specialized in risk management and
	special debt financing including participation in and leading negotiations
	with major institutional investors in Israel. From 2009 to 2010, Mr. Carmel
	was an analytical consultant for Precise Group, an Israeli financial
	institution.</p>
	<p><strong>Item 9.01 Financial Statements and Exhibits</strong></p>

<p align="justify">(b) The following documents are filed as exhibits to
this current report on Form 8-K or incorporated by reference herein. Any document
incorporated by reference is identified by a parenthetical reference to the SEC filing
that included such document.</p>

<table ALIGN="CENTER" CELLPADDING="0" CELLSPACING="0" BORDER="0" WIDTH="100%" height="0%">
  <tr VALIGN="BOTTOM">
    <th nowrap height="0" bgcolor="#ffffff" width="8%"><p align="left"><font SIZE="2">Exhibit
    No.</font></th>
    <th nowrap ALIGN="LEFT" height="0" bgcolor="#ffffff" width="92%"><font SIZE="2">Description</font></th>
  </tr>
  <tr>
    <td width="8%" bgcolor="#FFFFFF" height="0%"><font SIZE="2">99.1</font></td>
    <td width="92%" bgcolor="#FFFFFF" height="0%"><font face="Times New Roman" size="2">
	Written Consent of the Consenting Stockholders, dated December 21, 2014,
	filed herewith.</font></td>
  </tr>
</table>

	<font size="2" face="Times New Roman">

<p ALIGN="CENTER"><font size="2">SIGNATURES</font></p>

<p ALIGN="JUSTIFY"><font size="2">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></p>

<table ALIGN="CENTER" CELLPADDING="0" CELLSPACING="0" BORDER="0" WIDTH="100%">
  <tr VALIGN="TOP" BGCOLOR="#66FFFF">
    <td ALIGN="LEFT" WIDTH="100%" bgcolor="#FFFFFF"><div
    STYLE="MARGIN-LEFT: 11px; TEXT-INDENT: -10px"><u><p><font
    face="TIMES NEW ROMAN, TIMES, SERIF" size="2">/s/ Liron Carmel</font></u><br>
    <font size="2">CEO<br>
    	Liron Carmel<br>
    <i>&nbsp;&nbsp;Date: December 21, 2014</i></font></p>
    </div></td>
  </tr>
</table>

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<DOCUMENT>
<TYPE>EX-99
<SEQUENCE>2
<FILENAME>exh99_1.htm
<DESCRIPTION>EXHIBIT 99.1
<TEXT>

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<p><font size="2">Exhibit 99.1</p>
<p style="text-align: center">WRITTEN CONSENT OF THE MAJORITY STOCKHOLDERS <br />
OF<br />
ZAXIS INTERNATIONAL INC.</p>
<p>The undersigned, the holders of a majority of the of the outstanding shares
of common stock, par value $0.0001 (the &quot;Common Stock&quot;) of Zaxis International
Inc., a Delaware corporation (the &quot;Corporation&quot;), acting pursuant to the
authority granted by Sections 211(d) and 228 of Title 8 of the Delaware General
Corporation Law (&quot;DGCL&quot;) and the by-laws of the Corporation, do hereby adopt the
following resolutions, which resolutions have been adopted and approved by the
written consent of the holders of a majority of the Corporation's outstanding
shares of Common Stock (the &quot;Majority Consenting Stockholders&quot;) as of this 21st
day of December, 2014 (the &quot;Written Consent&quot;). <br />
<br />
WHEREAS, the Corporation's Majority Consenting Stockholders have authorized and
approved the following corporation actions and resolutions:<br />
<br />
RESOLVED, that the Corporation terminates the non-binding Memorandum of
Understanding (&quot;MOU&quot;) with Artsys 360 Ltd, reported on Form 8-K filed on
December 2, 2014;<br />
<br />
FURTHER RESOLVED, that Corporation, as a result of the termination of the MOU,
has determined that Jehuda Maimon, the Corporation's sole director, chief
executive officer and chief financial officer, is hereby removed from all
positions as a director and executive officer of the Corporation; and<br />
<br />
FURTHER RESOLVED, that Liron Carmel is hereby appointed and elected as the sole
director of the Corporation and is hereby appointed to serve as the
Corporation's chief executive officer and chief financial officer.<br />
<br />
FURTHER RESOLVED, that, subject to the foregoing, any officer of the
Corporation, be and hereby is authorized, empowered and directed, for and on
behalf of the Corporation, to take such further action and execute and deliver
any additional instruments, certificates, filings or other documents and to take
any additional steps as any such officer deems necessary or appropriate to
effectuate the purposes of the foregoing resolution;<br />
<br />
FURTHER RESOLVED, that any action or actions heretofore taken by any officer of
the Corporation for and on behalf of the Corporation in connection with the
foregoing resolutions are hereby ratified and approved as duly authorized
actions of the Corporation. This Written Consent shall be added to the corporate
records of the Corporation and made a part thereof, and the resolutions set
forth above shall have the same force and effect as if adopted at a meeting duly
noticed and held by the Corporation. This Written Consent may be executed in
counterparts and with facsimile signatures with the effect as if all parties
hereto had executed the same document. All counterparts shall be construed
together and shall constitute a single Written Consent.<br />
<br />
The number of shares of Corporation's Common Stock issued and outstanding at
December 21, 2014 (the &quot;Record Date&quot;) is 18,195,126 shares, inclusive of the
shares of Common Stock issued upon conversion by the Majority Consenting
Stockholders of convertible notes in the principal amount of $125,000. The
number of shares of Common Stock owned of record and beneficially by the
Corporation's necessary to approve the above resolutions under Section 228 of
Title 8 of the DGCL and the By-laws of the Corporation is 9,097,564 shares of
Common Stock. The Majority Consenting Stockholders holding 16,500,000 shares of
Common Stock, representing 90.68%, have consented to the adoption of the above
resolutions.</p>
<p class="auto-style1">Table of Majority Consenting Shareholders</p>
<table cellpadding="0" cellspacing="0" style="width: 100%">
	<tr>
		<td><font size="2">Names of Majority Consenting Stockholders</td>
		<td><font size="2">Number of Shares and Percentage</td>
	</tr>
	<tr>
		<td><font size="2">/s/: Eli Yoresh</td>
		<td>&nbsp;&nbsp;</td>
	</tr>
	<tr>
		<td><font size="2">Name: Eli Yoresh

		</td>
		<td><font size="2">1,650,000 shares or 9.07%</td>
	</tr>
	<tr>
		<td>&nbsp;&nbsp;</td>
		<td>&nbsp;&nbsp;</td>
	</tr>
	<tr>
		<td><font size="2">/s/: Kfir Silberman</td>
		<td>&nbsp;&nbsp;</td>
	</tr>
	<tr>
		<td><font size="2">Name: Kfir Silberman</td>
		<td><font size="2">2,475,000 shares or 13.61%</td>
	</tr>
	<tr>
		<td>&nbsp;&nbsp;</td>
		<td>&nbsp;&nbsp;</td>
	</tr>
	<tr>
		<td><font size="2">/s/: Amir Uziel

		</td>
		<td>&nbsp;&nbsp;</td>
	</tr>
	<tr>
		<td><font size="2">Name: Amir Uziel</td>
		<td><font size="2">4,125,000 shares or 22.67%</td>
	</tr>
	<tr>
		<td>&nbsp;&nbsp;</td>
		<td>&nbsp;&nbsp;</td>
	</tr>
	<tr>
		<td><font size="2">/s/: Itschak Shrem</td>
		<td>&nbsp;&nbsp;</td>
	</tr>
	<tr>
		<td><font size="2">Name: Itschak Shrem</td>
		<td><font size="2">4,125,000 shares or 22.67%</td>
	</tr>
	<tr>
		<td>&nbsp;&nbsp;</td>
		<td>&nbsp;&nbsp;</td>
	</tr>
	<tr>
		<td><font size="2">/s/: Lavi Krasney</td>
		<td>&nbsp;&nbsp;</td>
	</tr>
	<tr>
		<td><font size="2">Name: Lavi Krasney</td>
		<td><font size="2">4,125,000 shares or 22.67%</td>
	</tr>
	<tr>
		<td>&nbsp;&nbsp;</td>
		<td>&nbsp;&nbsp;</td>
	</tr>
	<tr>
		<td><font size="2">Total

		</td>
		<td><font size="2">16,500,000 shares or 90.68%</td>
	</tr>
</table>

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