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

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

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

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

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

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

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

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

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

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

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

<P STYLE="font: 11pt/normal Times New Roman, Times, Serif; margin: 0; text-align: center"><FONT STYLE="font-size: 12pt"><B>FUTUREWORLD
CORP.</B></FONT><B><FONT STYLE="font-size: 18pt">&nbsp;</FONT></B><BR>
<FONT STYLE="font-size: 10pt">(Exact name of registrant as specified in charter)</FONT></P>

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

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; border-collapse: collapse">
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 36%; font: 10pt/115% Calibri, Helvetica, Sans-Serif; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><B>Delaware</B></FONT></TD>
    <TD STYLE="width: 33%; font: 10pt/115% Calibri, Helvetica, Sans-Serif; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><B>000-1273988</B></FONT></TD>
    <TD STYLE="width: 31%; font: 10pt/115% Calibri, Helvetica, Sans-Serif; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><B>81-0562883</B></FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD>
        <P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: center">(State or other jurisdiction of</P>
        <P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: center">incorporation or organization)</P></TD>
    <TD STYLE="font: 10pt/115% Calibri, Helvetica, Sans-Serif; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">(Commission File Number)</FONT></TD>
    <TD STYLE="font: 10pt/115% Calibri, Helvetica, Sans-Serif; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">(I.R.S. Employer Identification No.)</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="font: 10pt/115% Calibri, Helvetica, Sans-Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt/115% Calibri, Helvetica, Sans-Serif">&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
<TR>
    <TD STYLE="vertical-align: top">&nbsp;</TD>
    <TD STYLE="vertical-align: top; font: 10pt/115% Calibri, Helvetica, Sans-Serif; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><B>3637 4<SUP>th</SUP> Street North, 330</B></FONT><BR>
<FONT STYLE="font: 10pt Times New Roman, Times, Serif"><B>Saint Petersburg, Florida</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; font: 10pt/115% Calibri, Helvetica, Sans-Serif; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><B>33704</B></FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD STYLE="font: 10pt/115% Calibri, Helvetica, Sans-Serif; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">(Address of principal executive offices)&nbsp;</FONT></TD>
    <TD STYLE="font: 10pt/115% Calibri, Helvetica, Sans-Serif; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">(Zip Code)</FONT></TD></TR>
</TABLE>
<P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0">Registrant&rsquo;s telephone number, including area code
<B>(727) 474-1816</B><BR>
&nbsp;</P>

<P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: center; border-top: Black 0.5pt solid">(Former
name or former address, if changed since last report)</P>

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

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

<P STYLE="font: 10pt/normal 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:<BR>
<BR>
</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Calibri, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse">
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 1%; line-height: 115%"><FONT STYLE="font: 10pt Wingdings">o</FONT></TD>
    <TD STYLE="width: 8%; line-height: 115%">&nbsp;</TD>
    <TD STYLE="width: 91%; line-height: 115%"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">Written communications pursuant to Rule&nbsp;425 under the Securities Act (17 CFR 230.425)</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="line-height: 115%"><FONT STYLE="font: 10pt Wingdings">o</FONT></TD>
    <TD STYLE="line-height: 115%">&nbsp;</TD>
    <TD STYLE="line-height: 115%"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">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 STYLE="line-height: 115%"><FONT STYLE="font: 10pt Wingdings">o</FONT></TD>
    <TD STYLE="line-height: 115%">&nbsp;</TD>
    <TD STYLE="line-height: 115%"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">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 STYLE="line-height: 115%"><FONT STYLE="font: 10pt Wingdings">o</FONT></TD>
    <TD STYLE="line-height: 115%">&nbsp;</TD>
    <TD STYLE="line-height: 115%"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">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/normal Times New Roman, Times, Serif; margin: 0; text-align: center; text-indent: 0.5in">&nbsp;</P>


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

<P STYLE="font: 11pt/normal Calibri, Helvetica, Sans-Serif; margin: 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt/normal 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: 11pt/normal Calibri, Helvetica, Sans-Serif; margin: 0; text-indent: 0.5in">&nbsp;</P>

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

<P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0"><B>Item 2.01 Completion of Acquisition or Disposition of
Assets.</B></P>

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

<P STYLE="font: 10pt/115% Times New Roman, Times, Serif; margin: 0 0 10pt">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 is a technology company that provides smart sensors and data analysis technology, RFID tracking systems, communication
networking and surveillance security for the agricultural industry.</P>

<P STYLE="font: 10pt/115% Times New Roman, Times, Serif; margin: 0 0 10pt">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;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 11pt/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">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 operations and/or registration by the purchaser. </FONT></TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 11pt/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, of Infrax Systems, Inc.</FONT></TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 11pt/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 to 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/115% Times New Roman, Times, Serif; margin: 0 0 10pt">The aforementioned transaction resulted due to the December
23, 2014, Infrax Systems&rsquo; announcement of an agreement with FutureWorld Corp and its subsidiaries (HempTech Corp) for a consideration
of 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/115% Times New Roman, Times, Serif; margin: 0 0 10pt">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 delivered by HempTech Corp are derived from Infrax Systems&rsquo; patented technologies, we were recommended
by our legal and accounting to discontinue the license agreement and instead consider outright purchase of HempTech by Infrax Systems.
This modification in direction was confirmed by our auditor on one condition; the transaction value needs to be validated by an
independent third party accounting firm to quell the &ldquo;conflict of interest&rdquo; concerns. Hence, in January 2015, FutureWorld
retained an independent valuation firm on the considered business transaction. On February 17, the Company 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 between FutureWorld and Infrax Systems.</P>

<P STYLE="font: 11pt/normal Calibri, Helvetica, Sans-Serif; margin: 0"><B>&nbsp;</B></P>

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

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

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

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

<P STYLE="font: 11pt/normal Calibri, Helvetica, Sans-Serif; margin: 0; text-indent: 0.5in">&nbsp;</P>

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

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

<P STYLE="font: 11pt/normal Calibri, Helvetica, Sans-Serif; margin: 0; text-indent: 0.5in">&nbsp;</P>


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<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: 11pt/normal Calibri, Helvetica, Sans-Serif; margin: 0; text-indent: 0.5in">&nbsp;</P>

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

<P STYLE="font: 10pt/115% Times New Roman, Times, Serif; margin: 0 0 10pt">10.1&#9;Securities Purchase Agreement (including Form
of Merger Note and Security Agreement)</P>

<P STYLE="font: 10pt/115% Times New Roman, Times, Serif; margin: 0 0 10pt">&nbsp;</P>

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

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

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

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

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

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

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

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

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


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{"company-data": {"conformed-name": "FUTUREWORLD CORP.", "cik": "0001273988", "assigned-sic": "7371", "irs-number": "810562883", "state-of-incorporation": "FL", "fiscal-year-end": "0331"}, "filing-values": {"form-type": "8-K", "act": "34", "file-number": "333-112110", "film-number": "15664494"}, "business-address": {"street1": "3637 4TH STREET NORTH", "street2": "330", "city": "SAINT PETERSBURG", "state": "FL", "zip": "33704", "phone": "239324000"}, "mail-address": {"street1": "3637 4TH STREET NORTH", "street2": "330", "city": "SAINT PETERSBURG", "state": "FL", "zip": "33704"}, "former-company": [{"former-conformed-name": "FUTUREWORLD ENERGY, INC..", "date-changed": "20100608"}, {"former-conformed-name": "Futureworld Energy, Inc.", "date-changed": "20090409"}, {"former-conformed-name": "HATHAWAY CORP", "date-changed": "20031219"}]}
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
FUTUREWORLD
CORP.
(Exact name of registrant as specified in charter)
Delaware
000-1273988
81-0562883
(State or other jurisdiction of
incorporation or organization)
(Commission File Number)
(I.R.S. Employer Identification No.)
3637 4
th
Street North, 330
Saint Petersburg, Florida
33704
(Address of principal executive offices)
(Zip Code)
Registrant's telephone number, including area code
(727) 474-1816
(Former
name or former address, if changed since last report)
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 2.01 Completion of Acquisition or Disposition of
Assets.
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 is a technology company that provides smart sensors and data analysis technology, RFID tracking systems, communication
networking and surveillance security for the agricultural industry.
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 operations and/or registration by the purchaser.
2-
Ten million dollars ($10M) in Common Stock, par value $0.001, of Infrax Systems, Inc.
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 to 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.
The aforementioned transaction resulted due to the December
23, 2014, Infrax Systems' announcement of an agreement with FutureWorld Corp and its subsidiaries (HempTech Corp) for a consideration
of 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 delivered by HempTech Corp are derived from Infrax Systems' patented technologies, we were recommended
by our legal and accounting to discontinue the license agreement and instead consider outright purchase of HempTech by Infrax Systems.
This modification in direction was confirmed by our auditor on one condition; the transaction value needs to be validated by an
independent third party accounting firm to quell the "conflict of interest" concerns. Hence, in January 2015, FutureWorld
retained an independent valuation firm on the considered business transaction. On February 17, the Company 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 between FutureWorld 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 Merger Note and Security 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.
FutureWorld Corp
/s/ Sam Talari
Sam Talari
Principal Executive Officer
Dated: March 02, 2015