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<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman', Times, serif; FONT-WEIGHT: bold; TEXT-ALIGN: center; LINE-HEIGHT: 1.25">&#160;UNITED STATES</div>

<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman', Times, serif; FONT-WEIGHT: bold; TEXT-ALIGN: center; LINE-HEIGHT: 1.25">SECURITIES AND EXCHANGE COMMISSION<font style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman', Times, serif"><br>
</font> WASHINGTON, D.C. 20549</div>

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<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman', Times, serif; FONT-WEIGHT: bold; TEXT-ALIGN: center; LINE-HEIGHT: 1.25">FORM 8-K</div>

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<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman', Times, serif; FONT-WEIGHT: bold; TEXT-ALIGN: center; LINE-HEIGHT: 1.25">CURRENT REPORT</div>

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<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman', Times, serif; FONT-WEIGHT: bold; TEXT-ALIGN: center; LINE-HEIGHT: 1.25">Pursuant To Section 13 or 15(d) Of The Securities Exchange Act Of 1934</div>

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<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: center; LINE-HEIGHT: 1.25">Date of Report (Date of Earliest Event Reported):&#160;&#160;<font style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman', Times, serif; FONT-WEIGHT: bold">March 13, 2017</font> (<font style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman', Times, serif; FONT-WEIGHT: bold">March 8, 2017)</font></div>

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<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: center; LINE-HEIGHT: 1.25">&#160;<font style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman', Times, serif; FONT-WEIGHT: bold"><u>LEO MOTORS, INC.</u></font><font style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman', Times, serif"><br>
</font> (Exact name of registrant as specified in its charter)</div>

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<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: center; LINE-HEIGHT: 1.25">Nevada</div>
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<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: center; LINE-HEIGHT: 1.25">000-53525</div>
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<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: center; LINE-HEIGHT: 1.25">(State or Other&#160;Jurisdiction</div>
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<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: center; LINE-HEIGHT: 1.25">(IRS Employer Identification No.) &#160;</div>
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<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: center; LINE-HEIGHT: 1.25">ES Tower 7F, Teheranro 52 Gil 17, Gangnamgu, Seoul</div>
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<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: center; LINE-HEIGHT: 1.25">Republic of Korea</div>
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<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: center; LINE-HEIGHT: 1.25">(Address of Principal Executive Offices)&#160;</div>
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<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify; LINE-HEIGHT: 1.25">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</div>

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<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify; LINE-HEIGHT: 1.25">&#61551;&#160;&#160;Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)</div>

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<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify; LINE-HEIGHT: 1.25">&#61551;&#160;&#160;Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)</div>

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<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify; LINE-HEIGHT: 1.25">&#61551;&#160;&#160;Pre-commencement communications pursuant to Rule 14d-2(b) under the&#160;Exchange Act (17 CFR 240.14d-2(b))</div>

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<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify; LINE-HEIGHT: 1.25">&#61551;&#160;&#160;Pre-commencement communications pursuant to Rule 13e-4(c) under the&#160;Exchange Act (17 CFR 240.13e-4(c))</div>

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<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman', Times, serif; FONT-WEIGHT: bold; COLOR: #000000; TEXT-ALIGN: justify; LINE-HEIGHT: 1.25">Item 1.01&#160; Entries Into a Material Definitive Agreement</div>

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<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman', Times, serif; FONT-WEIGHT: bold; COLOR: #000000; TEXT-ALIGN: justify; LINE-HEIGHT: 1.25">Item 2.01&#160; Completion of Acquisition or Disposition of Assets</div>

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<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman', Times, serif; COLOR: #000000; TEXT-ALIGN: left; LINE-HEIGHT: 1.25; TEXT-INDENT: 36pt">On March 8, 2017, Leo Motors, Inc., a Nevada corporation (the "Company"), entered into a purchase agreement (the "Agreement") with the sole shareholder of Leo Members, Inc., a corporation incorporated in the Republic of Korea ("Members"), pursuant to which the Company purchased 3,000,000 shares of Members' common stock in exchange for Three Hundred Million (300,000,000 KRW) South Korean Won (approximately $268,869 U.S. Dollars). The former sole shareholder of Members is the co-Chief Executive Officer of the Company. As a result of the transaction, Members has become a wholly-owned subsidiary of the Company.</div>

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<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman', Times, serif; COLOR: #000000; TEXT-ALIGN: left; LINE-HEIGHT: 1.25; TEXT-INDENT: 36pt">On March 8, 2017, the Company entered into a purchase agreement with Members (the "Purchase Agreement"), pursuant to which Members purchased from the Company 200,000 shares of common stock of Leo Motors Factory, Inc., a Republic of Korea corporation and subsidiary of the Company ("Leo Factory 1"), 15,000 shares of common stock of Leo Motors Factory 2, Inc., a Republic of Korea corporation and subsidiary of the Company ("Leo Factory 2"), and 100,000 shares of common stock of Leo Trading, Inc., a Republic of Korea corporation and subsidiary of the Company ("Leo Trading") for an aggregate of Three Hundred Million (300,000,000 KRW) South Korean Won (approximately $268,869 U.S. Dollars). As a result of the transaction, Members acquired a 50% interest in each of Leo Factory 1, Leo Factory 2 and Leo Trading and the Company's equity ownership percentage in each of Leo Factory 1, Leo Factory 2 and Leo Trading decreased from 50% to 0%.</div>

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<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: left; LINE-HEIGHT: 1.25; TEXT-INDENT: 36pt">Copies of the Agreement and the Purchase Agreement are attached hereto as Exhibit 10.1 and Exhibit 10.2, respectively. The foregoing description of each of the Agreement and the Purchase Agreement is not complete and is qualified in its entirety by reference to Exhibits 10.1 and 10.2, referenced above and is incorporated by reference in its entirety.</div>

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<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman', Times, serif; FONT-WEIGHT: bold; COLOR: #000000; TEXT-ALIGN: left; LINE-HEIGHT: 1.25">Item 9.01&#160;Financial Statements and Exhibits.</div>

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<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman', Times, serif; COLOR: #000000; TEXT-ALIGN: left; LINE-HEIGHT: 1.25">(a)(b) The financial statements and pro forma financial information for the above described acquisition will be reported on an amended Current Report on Form 8-K, if required, not later than 71 days from the date hereof.</div>

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<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman', Times, serif; FONT-WEIGHT: bold; TEXT-ALIGN: left; LINE-HEIGHT: 1.25">Description</div>
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<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: left; LINE-HEIGHT: 1.25; TEXT-INDENT: 36pt">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.</div>

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<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman', Times, serif; FONT-WEIGHT: bold; TEXT-ALIGN: left; LINE-HEIGHT: 1.25">LEO MOTORS, INC.</div>
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<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: left; LINE-HEIGHT: 1.25">Dated: March 13, 2017</div>
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<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: left; LINE-HEIGHT: 1.25">By: <font style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman', Times, serif">/s/Shi Chul Kang</font></div>
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[{"type": "8-K", "sequence": "1", "filename": "leom8k03132017.htm", "description": "8-K", "secsgml_size_bytes": 24433}]
{"company-data": {"conformed-name": "Leo Motors, Inc.", "cik": "0001356564", "assigned-sic": "3711", "irs-number": "953909667", "state-of-incorporation": "NV", "fiscal-year-end": "1231"}, "filing-values": {"form-type": "8-K", "act": "34", "file-number": "000-53525", "film-number": "17684718"}, "business-address": {"street1": "3F BOKWANG BLDG.", "street2": "SEOWOON-RO 6 GIL 14, SEOCHO-GU", "city": "SEOUL", "state": "M5", "zip": "06734", "phone": "82 70 4699 3585"}, "mail-address": {"street1": "3F BOKWANG BLDG.", "street2": "SEOWOON-RO 6 GIL 14, SEOCHO-GU", "city": "SEOUL", "state": "M5", "zip": "06734"}, "former-company": {"former-conformed-name": "Simco America Inc.", "date-changed": "20060317"}}
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 13, 2017
(
March 8, 2017)
LEO MOTORS, INC.
(Exact name of registrant as specified in its charter)
Nevada
000-53525
81-4108026
(State or Other Jurisdiction
(Commission File Number)
(IRS Employer Identification No.)
of Incorporation)
ES Tower 7F, Teheranro 52 Gil 17, Gangnamgu, Seoul
06212
Republic of Korea
(Address of Principal Executive Offices)
(Zip 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
  Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
  Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
  Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
  Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
Item 1.01  Entries Into a Material Definitive Agreement
Item 2.01  Completion of Acquisition or Disposition of Assets
On March 8, 2017, Leo Motors, Inc., a Nevada corporation (the "Company"), entered into a purchase agreement (the "Agreement") with the sole shareholder of Leo Members, Inc., a corporation incorporated in the Republic of Korea ("Members"), pursuant to which the Company purchased 3,000,000 shares of Members' common stock in exchange for Three Hundred Million (300,000,000 KRW) South Korean Won (approximately $268,869 U.S. Dollars). The former sole shareholder of Members is the co-Chief Executive Officer of the Company. As a result of the transaction, Members has become a wholly-owned subsidiary of the Company.
On March 8, 2017, the Company entered into a purchase agreement with Members (the "Purchase Agreement"), pursuant to which Members purchased from the Company 200,000 shares of common stock of Leo Motors Factory, Inc., a Republic of Korea corporation and subsidiary of the Company ("Leo Factory 1"), 15,000 shares of common stock of Leo Motors Factory 2, Inc., a Republic of Korea corporation and subsidiary of the Company ("Leo Factory 2"), and 100,000 shares of common stock of Leo Trading, Inc., a Republic of Korea corporation and subsidiary of the Company ("Leo Trading") for an aggregate of Three Hundred Million (300,000,000 KRW) South Korean Won (approximately $268,869 U.S. Dollars). As a result of the transaction, Members acquired a 50% interest in each of Leo Factory 1, Leo Factory 2 and Leo Trading and the Company's equity ownership percentage in each of Leo Factory 1, Leo Factory 2 and Leo Trading decreased from 50% to 0%.
Copies of the Agreement and the Purchase Agreement are attached hereto as Exhibit 10.1 and Exhibit 10.2, respectively. The foregoing description of each of the Agreement and the Purchase Agreement is not complete and is qualified in its entirety by reference to Exhibits 10.1 and 10.2, referenced above and is incorporated by reference in its entirety.
Item 9.01 Financial Statements and Exhibits.
(a)(b) The financial statements and pro forma financial information for the above described acquisition will be reported on an amended Current Report on Form 8-K, if required, not later than 71 days from the date hereof.
(d)
Exhibits.
Exhibit No.
Description
10.1
Form of Agreement
10.2
Form of 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.
LEO MOTORS, INC.
Dated: March 13, 2017
By:
/s/Shi Chul Kang
Shi Chul Kang
Co-Chief Executive Officer
By:
/s/ Jun Heng Park
Jun Heng Park
Co-Chief Executive Officer