<SEC-DOCUMENT>0001295345-15-000386.txt : 20160224
<SEC-HEADER>0001295345-15-000386.hdr.sgml : 20160224
<ACCEPTANCE-DATETIME>20151202135218
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ACCESSION NUMBER:		0001295345-15-000386
CONFORMED SUBMISSION TYPE:	CORRESP
PUBLIC DOCUMENT COUNT:		1
FILED AS OF DATE:		20151202

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			Emerald Medical Applications Corp.
		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:		CORRESP

	BUSINESS ADDRESS:	
		STREET 1:		7 IMBER STREET
		CITY:			PETACH TIKVA
		STATE:			L3
		ZIP:			4951141
		BUSINESS PHONE:		97237444505

	MAIL ADDRESS:	
		STREET 1:		7 IMBER STREET
		CITY:			PETACH TIKVA
		STATE:			L3
		ZIP:			4951141

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	ZAXIS INTERNATIONAL INC
		DATE OF NAME CHANGE:	19950916

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	INFERGENE CO
		DATE OF NAME CHANGE:	19920703
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<p style="text-align: center"><b><font size="4">Emerald Medical Applications Corp.</font></b><br />
</b>7 Imber Street<br />
Petach Tikva, 4951141 Israel</p>
<p>&nbsp;</p>
<p style="text-align: right"><font size="2">December 2, 2015</p>
<p>United States Securities and Exchange Commission<br />
Washington, D.C. 20549<br />
Mail Stop 3561<br />
<br />
Re: Zaxis International Inc. k/n/a Emerald Medical Applications Corp.<br />
Amendment to Registration Statement on Form S-1 <br />
Filed October 2, 2015 <br />
File No. 333-206105 <br />
<br />
Ladies and Gentlemen:<br />
<br />
We are submitting this letter in response to the staff's comment letter dated
October 26, 2015 addressed to Zaxis International Inc. k/n/a Emerald Medical
Applications Corp. (the "Registrant"). For the convenience of the staff, we have
included each staff comment, numbered sequentially, followed by our response,
also numbered sequentially.<br />
<br />
General <br />
<br />
<b>Comment 1.</b> We note your response to comment 2 that following the closing of the
Share Exchange Agreement you ceased to be a shell company. Please tell us if the
selling shareholders received the securities being registered for resale while
you were a shell company. Shareholders that receive shares of a shell company
are considered underwriters in connection with the resale of those securities,
as specified in Rule 144(i). Accordingly, please identify the selling
shareholders as underwriters. Additionally, you must conduct the offering for
resale of these securities at a fixed price for the duration of the offering. If
applicable, please revise your registration statement accordingly. <br />
<br />
<b>Response 1.</b> As a result of the significant reduction in the size of the offering
and the fact that the shares including in the Registration Statement do not
include any shares issued, or warrants granted, while the Company was a "shell"
company, we believe that the comment regarding "selling shareholders as
underwriters" is no longer applicable and, as a result, we have not identified
any selling shareholders as underwriters nor have we included disclosure that
"resale of these securities [must] be at a fixed price."<br />
<br />
<b>Comment 2.</b> Please also note that given the nature of the offering, the lack of
liquid market for your shares, the size of the offering compared to the number
of shares outstanding held by non-affiliates, and the length of time the selling
shareholders have held the shares, it appears that these securities might be
being offered by you or on your behalf. If this is the case, the offering is not
eligible to be conducted on a continuous or delayed basis pursuant to Rule
415(a)(1)(i) of Regulation C. Additionally, because the offered securities are
not qualified to be registered on Form S-3, you are not able to make an at the
market offering pursuant to Rules 415(a)(1)(x) and 415(a)(4)of Regulation C.
<br />
<br />
Please revise the registration statement to name the selling stockholders as
underwriters; to disclose that the selling stockholders must resell their shares
at a fixed price throughout the offering; and to make conforming changes to the
prospectus, including the cover page, summary of the offering, and plan of
distribution sections. Alternatively, please provide us with a detailed analysis
of why this offering is not being conducted by you or on your behalf. The
analysis should address all of the factors set forth in Securities Act Rules
Compliance and Disclosure Interpretation 612.09. <br />
<br />
<b>Response 2.</b> In response to the staff's comment, we have revised the offering to
significantly reduce the size of the offering from 19,361,758 shares to
6,964,547 shares. The reduction was achieved by: (i) removing all of the
4,125,000 shares issued in December 2014 to the 5 individuals that have been
defined as "underwriters" because these shares were issued while the Company was
still a "shell" company; (ii) removing all of the shares underlying the Class A
and Class C Warrants; (iii) registering only the 4,464,547 shares issued to
shareholders after the Registrant ceased being a "shell" company; and (iv)
registering the 2,500,000 shares underlying the Class B, all of which were
granted after the Company ceased being a shell company. <br />
<br />
As a result of these significant reductions in the size and nature of the
offering, registering only 6,964,547 shares, rather than 19,361,758 shares which
were included in amendment no. 1 to the Registration Statement, and the fact
that all of the shares being registered [including shares underlying the Class B
Warrants] were issued after the Company ceased to be a "shell" company, we
believe that the staff's comment 2 is no longer applicable. As a result, we
believe that the offering may be made in compliance with Rule 415(a)(1)(i).
<br />
<br />
<b>Comment 3.</b> We note your response to comment 3 that you "expect to generate
significant revenues" from your business activities before the first half of
fiscal 2016. Please disclose the basis for this statement. In this regard, we
note that you have no revenues and you have only recently "completed [the]
development of a commercially ready model." <br />
<br />
<b>Response 3.</b> In response to this comment, we have deleted the statement that we
"expect to "generate significant revenues." Instead, we have revised the
disclosure on pages 6, 2 and 79 to state that we believe that we will generate
revenues during the first half of 2016.<br />
<br />
Exhibits <br />
<br />
<b>Comment 4.</b> We note your response to comment 3 and your indication that you have
entered into distribution agreements with unaffiliated third parties. Pursuant
to Item 601(b)(10) of Regulation S-K, please file these agreements with your
next amendment. <br />
<br />
<b>Response 4.</b> On October 2, 2015, we filed as part of Amendment no. 1 exhibits
10.13 through 10.15, which contained our distribution agreements with
third-parties for: (i) Italy, (ii) the Netherlands, and (iii) Australia, New
Zealand and Oceania, and as exhibit 10.16, we filed our third-party project
agreement in Greece. While we continue to negotiate additional agreements, we
have not signed any other agreements since filing Amendment no. 1.<br />
<br />
Respectfully submitted,<br />
<br />
<br />
/s/: Lior Wayn<br />
Lior Wayn, Chief Executive Officer<br />
</p>

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