Saturday, November 28, 2015 2:34:33 PM
9-Jun-2015
Entry into a Material Definitive Agreement, Unregistered Sale of Equity Securities,
Item 1.01. Entry into a Material Definitive Agreements.
On June 1, 2015, Seratosa, Inc. (the "Company" and "STOA"), an e-commerce facilitator announced that it has signed a definitive Software Licensing Agreement (the "License") with a Ad2 Limited, a Company incorporated in the Republic of Seychelles ("Ad2") in order to provide the Company worldwide rights to deploy, utilize, and market the Wechat Backstage Platform (hereinafter "the Technology"). Ad2 owns and/or has rights to certain computer software programs, the Technology, that are useful in creating, managing and coordinating channels for product sales via Wechat.
A non-exclusive license to Ad2 Technology: Ad2 grants the Company a License to deploy, utilize, market and sell the Technology worldwide. The Territory of the license shall be worldwide. The license shall be granted for 5 years upon signing of this agreement and may be extended by another 5 year upon mutual consent.
In return for the License granted above, the Company agrees to provide shares of common stock of STOA, valued at USD $1,000,000, at $0.005 per share price, to Ad2, payable upon signing.
Item 3.02. Unregistered Sales of Securities.
On June 1, 2015, Seratosa, Inc. agreed to issue shares from the Company through an Software Licensing Agreement with a Ad2 Limited, in the value of USD $1,000,000, at $0.005 per share, in the form of restricted shares of the common stock that will be newly issued shares and subject to SEC rule 144.
Item 7.01. Regulation FD Disclosure
On June 2, 2015, Seratosa, Inc. issued a press release announcing a definitive license agreement with Ad2 Limited, a Company incorporated in the Republic of Seychelles ("Ad2") in order to provide the Company worldwide rights to deploy, utilize, and market the Wechat Backstage Platform (hereinafter "the Technology").
A copy of the press release is furnished as Exhibit 99.1 to this Current Report on Form 8-K and is incorporated herein by reference in its entirety.
Item 9.01. Exhibits. Financial Statements and Exhibits
(c) Exhibits
10.1 Software Licensing Agreement dated June 1, 2015
99.1 Press Release issued June 2, 2015 by Seratosa*
* This exhibit is intended to be furnished and shall not be deemed "filed" for purposes of the Securities Exchange Act of 1934, as amended.
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