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Share Name | Share Symbol | Market | Type |
---|---|---|---|
Firma Holdings Corporation (CE) | USOTC:FRMA | OTCMarkets | Common Stock |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 0.000001 | 0.00 | 01:00:00 |
Nevada
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None
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20-5000381
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(State of incorporation)
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(Commission File No.)
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(IRS Employer
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Identification No.)
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375 N. Stephanie St., Bldg. 2 Ste. # 211
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Henderson, NV 89014
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(Address of principal executive offices, including Zip Code)
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Registrant’s telephone number, including area code: (630)-462-2079
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N/A
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(Former name or former address if changed since last report)
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¨ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
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¨ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
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¨ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
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¨ Pre-commencement communications pursuant to Rule 13e-14(c) under the Exchange Act (17 CFR 240.13e-4(c))
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·
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United States, Mexico and Canada
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·
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European Union
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·
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All other countries
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A.
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To acquire the rights for the United States, Mexico and Canada, the Company must pay FreshTec:
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(i)
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$500,000 at closing.
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(ii)
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$0.25 for each SmartPac unit sold in the United States or Mexico by the Company plus 50% of the Net Royalties received by the Company from licensing the rights to use the technology in the United States, Mexico and Canada until such time as FreshTec is paid $14,500,000,
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(iii)
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during the six month period following the closing of the transaction, and until the Company has paid FreshTec $1,000,000, 25% of the Net Royalties received by the Company from any licensee having the right to sell SmartPac units in the United States, Mexico or Canada, and
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(iv)
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after the royalties paid to FreshTec equal $14,500,000, $0.15 for each SmartPac unit sold by the Company in the United States, Mexico or Canada plus 25% of the Net Royalties received by the Company from licensing the rights to use the technology in the United States, Mexico and Canada.
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B.
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To acquire the rights to countries in the European Union the Company must pay to FreshTec:
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(i)
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no later than six months after the closing of the transaction, $1,000,000, less any amounts paid pursuant to A. (iii) above and B. (ii) and (iii) below, or re-convey to FreshTec the rights for the European Union,
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(ii)
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$0.25 for each SmartPac unit sold in the European Union by the Company plus 50% of the Net Royalties received by the Company from licensing the rights to use the technology in the European Union until such time as FreshTec is paid $14,500,000, and
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(iii)
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after the royalties paid to FreshTec equal $14,500,000, $0.15 for each SmartPac unit sold by the Company in the European Union plus 25% of the Net Royalties received by the Company from licensing the rights to use the technology in the European Union.
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C.
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To acquire the rights to all other countries the Company must pay FreshTec:
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(iv)
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no later than eighteen months after the closing of the transaction, $1,000,000, less any amounts paid pursuant to C. (ii) and (iii) below, or re-convey to FreshTec the rights for the other countries,
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(v)
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$0.25 for each SmartPac unit sold in the other countries by the Company plus 50% of the Net Royalties received by the Company from licensing the rights to use the technology in the other countries until such time as FreshTec is paid $9,000,000, and
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(vi)
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after the royalties paid to FreshTec equal $9,000,000, $0.15 for each SmartPac unit sold by the Company in the other countries plus 25% of the Net Royalties received by the Company from licensing the rights to use the technology in the other countries.
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Date: June 3, 2014
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TARA MINERALS CORP.
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By:
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David Barefoot, COO |
1 Year Firma (CE) Chart |
1 Month Firma (CE) Chart |
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