EOS, INC. Item 1.01 Entry into a Material Definitive Agreement
On
In accordance with the Agreements and in consideration for the cooperation, the Company shall issue to AsiaSonic's shareholders and designees One Million Five Hundred Thousand (1,500,000) restricted shares of its common stock in exchange for the equivalent value of Fifty One percent (51%) of the total issued shares of AsiaSonic. According to the Agreements, AsiaSonic shall assist and provide training and marketing materials to the Company for the distribution and sale of its products. AsiaSonic shall continue to appoint the officers or managers and be in charge of the business operations; and the Company may appoint a director who is entitled to one vote on the Board meetings or to express consent or dissent on Board resolutions.
The foregoing description of the into Investment Cooperation Agreement and Business and Management Agreement is not purported to be complete and qualified in its entirety by reference to the full texts of the Agreements, a copy of which are attached hereto as Exhibits 10.1, and 10.2 and hereby incorporated by reference into this Item 1.01.
Item 3.02 Unregistered Sales of
The disclosures set forth in Item 1.01 of this Current Report are incorporated by reference herein. Pursuant to the Agreements, the issuance of a total of One Million Five Hundred Thousand (1,500,000) restricted shares of the Company's common stock shall be made in reliance on exemption from registration pursuant to Section 4(a)(2) under the Securities Act of 1933, as amended.
Item 9.01 Financial Statements and Exhibits.
The following exhibits are furnished herewith:
(d) Exhibits. 10.1 Investment Cooperation Agreement 10.2 Business and Management Agreement 2
© Edgar Online, source
