Item 1.01 Entry Into a Material Definitive Agreement
On
Under the Agreement, we also have an option to purchase the "Great Choice"
trademark and all rights to the associated licensed products from AGS. The
option must be exercised by
The foregoing description of the Agreement does not purport to be complete and is qualified in its entirety by reference to the full text of the Agreement which is filed as Exhibit 10.1 to this Current Report on Form 8-K and is incorporated herein by reference.
Item 3.02 Unregistered Sales of
The 2,000,000 shares of common stock to be issued in connection with the Agreement, as described above, were issued in a private transaction to two designees of AGS. We did not engage in any general solicitation or advertising in connection with these issuances. Accordingly, the stock issuances as described above were exempt from registration under Section 4(a)(2) of the Securities Act.
Item 9.01 Financial Statements and Exhibits
Exhibit No. Description 10.1 Trademark License Agreement with Option to Purchase 99.1 Press Release
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