ITEM 1.02 TEWRMINATION OF A MATERIAL DEFINITIVE AGREEMENT
On February 1, 2016, Y.M. Advantage, Inc., a Delaware corporation ("YMA") informed the Company that in accordance with the terms of the YMA Acquisition Agreement executed on December 31, 205 between YMA and the Company, they were recinding their Agreement. the Company's Board of Directors approved the rescission. The Company and YMA agreed that the Company retains the right to open future YMA franchises on terms to be negotiated.
SIGNATURE
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 thereunto duly authorized.
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