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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>UNITED STATES</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>SECURITIES AND EXCHANGE COMMISSION</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>Washington, D.C.&nbsp;20549</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center">___________</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>FORM 8-K</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>___________</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>CURRENT REPORT</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center; text-indent: 0.5in">&nbsp;<B>Pursuant To Section
13 OR 15(d) Of The Securities Exchange Act of 1934</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center">Date of Report (Date of earliest event reported):
&nbsp;&nbsp;March 02, 2015</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 18pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>INFRAX SYSTEMS, INC.</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center">(Exact name of registrant as specified in charter)</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 36%; text-align: center"><FONT STYLE="font-size: 10pt"><B>Nevada</B></FONT></TD>
    <TD STYLE="width: 32%; text-align: center"><FONT STYLE="font-size: 10pt"><B>000-52488</B></FONT></TD>
    <TD STYLE="width: 32%; text-align: center"><FONT STYLE="font-size: 10pt"><B>20-2583185</B></FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center">(State or other jurisdiction of</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center">incorporation or organization)</P></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-size: 10pt">(Commission File Number)</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-size: 10pt">(I.R.S. Employer Identification No.)</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
<TR>
    <TD STYLE="vertical-align: top">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center">Infrax Systems, Inc.</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>3637 Fourth Street North.<BR>
        Suite 330<BR>
        St. Petersburg, Florida&nbsp;</B></P></TD>
    <TD STYLE="vertical-align: top; text-align: center">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: center"><FONT STYLE="font-size: 10pt"><B>33704</B></FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="text-align: center"><FONT STYLE="font-size: 10pt">(Address of principal executive offices)</FONT></TD>
    <TD STYLE="text-align: center">&nbsp;</TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-size: 10pt">(Zip Code)</FONT></TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>727-498-8514</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center; text-indent: 0.5in">&nbsp;(Registrant&rsquo;s
telephone number, including area code)</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">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:</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; border-collapse: collapse">
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 5%"><FONT STYLE="font: 10pt Wingdings">o</FONT></TD>
    <TD STYLE="width: 5%">&nbsp;</TD>
    <TD STYLE="width: 90%"><FONT STYLE="font-size: 10pt">Written communications pursuant to Rule&nbsp;425 under the Securities Act (17 CFR 230.425)</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD><FONT STYLE="font: 10pt Wingdings">o</FONT></TD>
    <TD>&nbsp;</TD>
    <TD><FONT STYLE="font-size: 10pt">Soliciting material pursuant to Rule&nbsp;14a-12 under the Exchange Act (17 CFR 240.14a-12)</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD><FONT STYLE="font: 10pt Wingdings">o</FONT></TD>
    <TD>&nbsp;</TD>
    <TD><FONT STYLE="font-size: 10pt">Pre-commencement communications pursuant to Rule&nbsp;14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD><FONT STYLE="font: 10pt Wingdings">o</FONT></TD>
    <TD>&nbsp;</TD>
    <TD><FONT STYLE="font-size: 10pt">Pre-commencement communications pursuant to Rule&nbsp;13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))</FONT></TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">&nbsp;</P>


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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center">FORWARD LOOKING STATEMENTS</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">This Form 8-K and other reports filed by Registrant from time to
time with the Securities and Exchange Commission (collectively the &quot;Filings&quot;) contain or may contain forward looking
statements and information that are based upon beliefs of, and information currently available to, Registrant's management as well
as estimates and assumptions made by Registrant's management. When used in the filings the words &quot;anticipate&quot;, &quot;believe&quot;,
&quot;estimate&quot;, &quot;expect&quot;, &quot;future&quot;, &quot;intend&quot;, &quot;plan&quot; or the negative of these terms
and similar expressions as they relate to Registrant or Registrant's management identify forward looking statements. Such statements
reflect the current view of Registrant with respect to future events and are subject to risks, uncertainties, assumptions and other
factors relating to Registrant's industry, Registrant's operations and results of operations and any businesses that may be acquired
by Registrant. Should one or more of these risks or uncertainties materialize, or should the underlying assumptions prove incorrect,
actual results may differ significantly from those anticipated, believed, estimated, expected, intended or planned.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">Although Registrant believes that the expectations reflected in
the forward looking statements are reasonable, Registrant cannot guarantee future results, levels of activity, performance or achievements.
Except as required by applicable law, including the securities laws of the United States, Registrant does not intend to update
any of the forward-looking statements to conform these statements to actual results.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><B>Item 1.01. Entry into a Material Definitive Agreement.</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">On February 27, 2015, an ASSETS AND STOCK PURCHASE AGREEMENT was
entered (the &ldquo;Agreement&rdquo;), by and among FutureWorld Corporation, a Delaware Corporation (referred to by name, &ldquo;FWDG&rdquo;
or as &ldquo;Seller&rdquo;), and Infrax Systems, Inc., a Nevada corporation (referred to as &ldquo;&rdquo;Corporation,&rdquo; &ldquo;IFXY&rdquo;,
or &ldquo;Buyer&rdquo;). FutureWorld Corp is the one hundred percent (100%) owner of HempTech Corp which is a Delaware wholly owned
subsidiary. HempTech Corp is a technology company that provides smart sensors and data analysis technology, RFID tracking systems,
communication networking and surveillance security for the cannabis and agricultural industries.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">The purchase price for the ASSETS AND STOCK PURCHASE AGREEMENT (the
&ldquo;Purchase Price&rdquo;) shall be sixty million dollars ($60,000,000). Infrax Systems shall pay;<BR>
<BR>
</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 12pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-size: 10pt">1-</FONT></TD><TD><FONT STYLE="font-size: 10pt">Ten million dollars ($10M) in cash, payable in installments as convertible notes. The cash payment
shall be made available through operational revenue and/or registration by the Company.</FONT></TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 12pt/107% Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 8pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-size: 10pt">2-</FONT></TD><TD><FONT STYLE="font-size: 10pt">Ten million dollars ($10M) in Common Stock, par value $0.001. </FONT></TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 12pt/107% Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 8pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-size: 10pt">3-</FONT></TD><TD><FONT STYLE="font-size: 10pt">Forty million dollars ($40M) in Preferred Shares Series A1, or 33,000,000 shares, par value $0.001,
of Infrax Systems, Inc. Each Preferred Shares Series A1 is convertible into 88.89 shares of Common Shares. </FONT></TD></TR></TABLE>

<P STYLE="font: 10pt/107% Times New Roman, Times, Serif; margin: 0 0 8pt">Material Relationship - There exist a material relationship
between the registrant and the purchaser on this transaction. Talari Industries is the majority shareholder of both the registrant
and the purchaser and its principle, Mr. Talari, is the CEO of the registrant.</P>

<P STYLE="font: 10pt/107% Times New Roman, Times, Serif; margin: 0 0 8pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">Infrax Systems&rsquo; fundamental reasons to purchase HempTech are;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 12pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-size: 10pt">1-</FONT></TD><TD><FONT STYLE="font-size: 10pt">HempTech&rsquo;s recent substantial contracts which would contribute greatly to Infrax&rsquo;s
bottom line.</FONT></TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 12pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-size: 10pt">2-</FONT></TD><TD><FONT STYLE="font-size: 10pt">HempTech&rsquo;s Proforma revenue of $100M by 2019.</FONT></TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 12pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-size: 10pt">3-</FONT></TD><TD><FONT STYLE="font-size: 10pt">HempTech&rsquo;s unique and disruptive technologies for agricultural sector.</FONT></TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 12pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-size: 10pt">4-</FONT></TD><TD><FONT STYLE="font-size: 10pt">HempTech has no direct competitors among publicly held companies in this space.</FONT></TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 12pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-size: 10pt">5-</FONT></TD><TD><FONT STYLE="font-size: 10pt">HempTech has moved from a development company to a start-up in 2014 and is likely to complete
early stage grow in 2015.</FONT></TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 12pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-size: 10pt">6-</FONT></TD><TD><FONT STYLE="font-size: 10pt">HempTech&rsquo;s packaged solution is a substantial competitive advantage.</FONT></TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 12pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-size: 10pt">7-</FONT></TD><TD><FONT STYLE="font-size: 10pt">HempTech is in a highly fragmented industry that is experiencing explosive growth.</FONT></TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 12pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-size: 10pt">8-</FONT></TD><TD><FONT STYLE="font-size: 10pt">Infrax&rsquo;s ability to reach agricultural sector offering disruptive technologies not present
at this point.</FONT></TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">With the purchase of HempTech Corp, Infrax Systems will initiate
a new division for agricultural related technologies (or Agritech). After the transaction, Infrax will continue to provide secure
communication technologies to utilities through design and manufacturing of sensors and communications products. Infrax Systems
acquisition of HempTech Corp will help expand its reach in the Cannabis and Agricultural technologies (agritech) which are the
fastest growing sectors in the market.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">The aforementioned transaction ensued due to the December 23, 2014,
Infrax Systems&rsquo; announcement of an agreement with FutureWorld Corp and its subsidiaries (HempTech Corp). In consideration
for the development of the current and future Products, the FutureWorld agreed to pay Infrax Systems a one-time development fee
of $2M, all in cash or a combination of cash and shares of common stock.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">After lengthy discussion with our legal and accounting on this agreement,
we came to a conclusion that the agreement, being a non-arms-length transaction, might be construed as a &ldquo;conflict of interest&rdquo;
and may not be financially or legally sound without an independent third party validation. And since most of the fundamental technologies
for the aforementioned transaction is derived</P>


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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">from Infrax Systems for FutureWorld and its subsidiary, HempTech
Corp, we were recommended by our legal and accounting to discontinue the license agreement and instead consider outright purchase
of HempTech Corp. Hence, in January 2015, FutureWorld retained an independent valuation firm on the considered business transaction.
On February 17, both Companies received the market valuation of $60,000,000 for HempTech Corp from the third party firm. The valuation
report was used as a basis for the agreed upon transaction with FutureWorld Corp with the instruction of the auditors.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><B>Item 4.01. Departure of Directors or Certain Officers; Election
of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">Effective March 02, 2015, Mr. Sam Talari has resigned as the acting
CEO of Infrax Systems. Concurrently, the board of directors have elected Mr. John Verghese as the new CEO of Infrax Systems, Inc.,
effective immediately. The transition was the result of the purchase agreement between FutureWorld Corp. and Infrax Systems.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><B>Item 9.01. Financial Statements and Exhibits</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">(d) Exhibits.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">Exhibit</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">No. &#9;Description</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 1in">2.1</TD><TD>ASSETS AND STOCK PURCHASE AGREEMENT, dated as of February 27, 2015, by and among Mount by and among FutureWorld Corporation,
a Delaware Corporation (referred to by name, &ldquo;FWDG&rdquo; or as &ldquo;Seller&rdquo;), and Infrax Systems, Inc., a Nevada
corporation (referred to as &ldquo;&rdquo;Corporation,&rdquo; &ldquo;IFXY&rdquo;, or &ldquo;Buyer&rdquo;).</TD></TR></TABLE>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">10.1&#9;Securities Purchase Agreement (including Form of Note and
Security Purchase Agreement).</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>SIGNATURES</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">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.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">Infrax Systems, Inc.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">/s/ John Verghese</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">John Verghese</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">Principal Executive Officer</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">Dated: &nbsp;March 02, 2015</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>


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{"company-data": {"conformed-name": "INFRAX SYSTEMS, INC.", "cik": "0001380277", "assigned-sic": "7373", "irs-number": "202583185", "state-of-incorporation": "FL", "fiscal-year-end": "1231"}, "filing-values": {"form-type": "8-K", "act": "34", "file-number": "000-52488", "film-number": "15664339"}, "business-address": {"street1": "3637 4TH ST N SUITE 330", "city": "ST PETERSBURG", "state": "FL", "zip": "33704", "phone": "727-498-8514"}, "mail-address": {"street1": "3637 4TH ST N SUITE 330", "city": "ST PETERSBURG", "state": "FL", "zip": "33704"}, "former-company": [{"former-conformed-name": "OPTICON SYSTEMS", "date-changed": "20070404"}, {"former-conformed-name": "OPTICON SYTEMS", "date-changed": "20070302"}, {"former-conformed-name": "TALARI SAM", "date-changed": "20061106"}]}
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):
  March 02, 2015
INFRAX SYSTEMS, INC.
(Exact name of registrant as specified in charter)
Nevada
000-52488
20-2583185
(State or other jurisdiction of
incorporation or organization)
(Commission File Number)
(I.R.S. Employer Identification No.)
Infrax Systems, Inc.
3637 Fourth Street North.
Suite 330
St. Petersburg, Florida
33704
(Address of principal executive offices)
(Zip Code)
727-498-8514
(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 the 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 under the Exchange Act (17 CFR 240.14a-12)
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))
FORWARD LOOKING STATEMENTS
This Form 8-K and other reports filed by Registrant from time to
time with the Securities and Exchange Commission (collectively the "Filings") contain or may contain forward looking
statements and information that are based upon beliefs of, and information currently available to, Registrant's management as well
as estimates and assumptions made by Registrant's management. When used in the filings the words "anticipate", "believe",
"estimate", "expect", "future", "intend", "plan" or the negative of these terms
and similar expressions as they relate to Registrant or Registrant's management identify forward looking statements. Such statements
reflect the current view of Registrant with respect to future events and are subject to risks, uncertainties, assumptions and other
factors relating to Registrant's industry, Registrant's operations and results of operations and any businesses that may be acquired
by Registrant. Should one or more of these risks or uncertainties materialize, or should the underlying assumptions prove incorrect,
actual results may differ significantly from those anticipated, believed, estimated, expected, intended or planned.
Although Registrant believes that the expectations reflected in
the forward looking statements are reasonable, Registrant cannot guarantee future results, levels of activity, performance or achievements.
Except as required by applicable law, including the securities laws of the United States, Registrant does not intend to update
any of the forward-looking statements to conform these statements to actual results.
Item 1.01. Entry into a Material Definitive Agreement.
On February 27, 2015, an ASSETS AND STOCK PURCHASE AGREEMENT was
entered (the "Agreement"), by and among FutureWorld Corporation, a Delaware Corporation (referred to by name, "FWDG"
or as "Seller"), and Infrax Systems, Inc., a Nevada corporation (referred to as ""Corporation," "IFXY",
or "Buyer"). FutureWorld Corp is the one hundred percent (100%) owner of HempTech Corp which is a Delaware wholly owned
subsidiary. HempTech Corp is a technology company that provides smart sensors and data analysis technology, RFID tracking systems,
communication networking and surveillance security for the cannabis and agricultural industries.
The purchase price for the ASSETS AND STOCK PURCHASE AGREEMENT (the
"Purchase Price") shall be sixty million dollars ($60,000,000). Infrax Systems shall pay;
1-
Ten million dollars ($10M) in cash, payable in installments as convertible notes. The cash payment
shall be made available through operational revenue and/or registration by the Company.
2-
Ten million dollars ($10M) in Common Stock, par value $0.001.
3-
Forty million dollars ($40M) in Preferred Shares Series A1, or 33,000,000 shares, par value $0.001,
of Infrax Systems, Inc. Each Preferred Shares Series A1 is convertible into 88.89 shares of Common Shares.
Material Relationship - There exist a material relationship
between the registrant and the purchaser on this transaction. Talari Industries is the majority shareholder of both the registrant
and the purchaser and its principle, Mr. Talari, is the CEO of the registrant.
Infrax Systems' fundamental reasons to purchase HempTech are;
1-
HempTech's recent substantial contracts which would contribute greatly to Infrax's
bottom line.
2-
HempTech's Proforma revenue of $100M by 2019.
3-
HempTech's unique and disruptive technologies for agricultural sector.
4-
HempTech has no direct competitors among publicly held companies in this space.
5-
HempTech has moved from a development company to a start-up in 2014 and is likely to complete
early stage grow in 2015.
6-
HempTech's packaged solution is a substantial competitive advantage.
7-
HempTech is in a highly fragmented industry that is experiencing explosive growth.
8-
Infrax's ability to reach agricultural sector offering disruptive technologies not present
at this point.
With the purchase of HempTech Corp, Infrax Systems will initiate
a new division for agricultural related technologies (or Agritech). After the transaction, Infrax will continue to provide secure
communication technologies to utilities through design and manufacturing of sensors and communications products. Infrax Systems
acquisition of HempTech Corp will help expand its reach in the Cannabis and Agricultural technologies (agritech) which are the
fastest growing sectors in the market.
The aforementioned transaction ensued due to the December 23, 2014,
Infrax Systems' announcement of an agreement with FutureWorld Corp and its subsidiaries (HempTech Corp). In consideration
for the development of the current and future Products, the FutureWorld agreed to pay Infrax Systems a one-time development fee
of $2M, all in cash or a combination of cash and shares of common stock.
After lengthy discussion with our legal and accounting on this agreement,
we came to a conclusion that the agreement, being a non-arms-length transaction, might be construed as a "conflict of interest"
and may not be financially or legally sound without an independent third party validation. And since most of the fundamental technologies
for the aforementioned transaction is derived
from Infrax Systems for FutureWorld and its subsidiary, HempTech
Corp, we were recommended by our legal and accounting to discontinue the license agreement and instead consider outright purchase
of HempTech Corp. Hence, in January 2015, FutureWorld retained an independent valuation firm on the considered business transaction.
On February 17, both Companies received the market valuation of $60,000,000 for HempTech Corp from the third party firm. The valuation
report was used as a basis for the agreed upon transaction with FutureWorld Corp with the instruction of the auditors.
Item 4.01. Departure of Directors or Certain Officers; Election
of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
Effective March 02, 2015, Mr. Sam Talari has resigned as the acting
CEO of Infrax Systems. Concurrently, the board of directors have elected Mr. John Verghese as the new CEO of Infrax Systems, Inc.,
effective immediately. The transition was the result of the purchase agreement between FutureWorld Corp. and Infrax Systems.
Item 9.01. Financial Statements and Exhibits
(d) Exhibits.
Exhibit
No. 	Description
2.1
ASSETS AND STOCK PURCHASE AGREEMENT, dated as of February 27, 2015, by and among Mount by and among FutureWorld Corporation,
a Delaware Corporation (referred to by name, "FWDG" or as "Seller"), and Infrax Systems, Inc., a Nevada
corporation (referred to as ""Corporation," "IFXY", or "Buyer").
10.1	Securities Purchase Agreement (including Form of Note and
Security Purchase Agreement).
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.
Infrax Systems, Inc.
/s/ John Verghese
John Verghese
Principal Executive Officer
Dated:  March 02, 2015