Premier Biomedical Inc (BIEI)

[reconranger]

What's the status on this promise

On July 3, 2015, we entered into a Consulting Agreement dated June 23, 2015, with FBROCCO ASSESSORIA EMPRES ARIAL LTDA ASSESSORIA EMPRESARIAL LTDA, a Brazilian company ("FBROCCO"), pursuant to which FBROCCO will provide certain consulting services to us, which shall include (i) developing a relationship between us and a Brazilian-based entity that is interested in entering into a joint venture where the purpose is to import, market and sell our products in Brazil and other South American countries; and (ii) facilitating a trip for William Hartman, one of our officers and directors, to travel to Brazil and meet with the proposed joint venture partner and various governmental officials who have relationships that would be advantageous to the formation and success of the anticipated joint venture.

We agreed to pay FBROCCO Ten Thousand Dollars ($10,000) for facilitating Mr. Hartman's trip to Brazil and will issue a total of 1,500,000 shares of our common stock to FBROCCO if a successful joint venture is formed and generates One Million U.S. Dollars ($1,000,000) in gross revenues by June 23, 2016. The Consulting Agreement was finalized on July 3, 2015, the day an executed version of the agreement was delivered to us by FBROCCO.