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Thursday, April 04, 2013 2:01:32 AM
http://www.otcmarkets.com/edgar/GetFilingPdf?FilingID=9098989
Item 1.01 Entry into a Material Definitive Agreement.
On February 18, 2013, Progaming Platforms Corp. (the "Registrant") entered into a Joint Venture Agreement ("JV Agreement") with Zenetek
LLC, a company organized under the laws of the State of Delaware, is a wholly-owned subsidiary of Anything Technologies Media (OTC:
EXMT), with offices located in Vietnam. Pursuant to the terms of the JV Agreement, Zenetek shall represent the Registrant in China,
Singapore, Taiwan, Vietnam, Hong Kong and Indonesia (the "Territories") during the initial 12 month term to: facilitate the Registrant's ability
to enter into JV agreements and/or other transactions with third parties within the Territories to generate revenues for the Registrant "state-ofthe-
art" multiplayer puzzle game platform, implementing the platform into major social media networks within the Territories; and negotiating
JV transactions with gaming companies within the Territories using the Company's Generic patented GER system.
The JV Agreement further provides that in order for Zenetek to retain its representation rights on an exclusive basis, Zenetek must prepare and
present an operating business plan satisfactory to the Registrant, which shall include potential JV partners. In consideration for the
representation and distribution services being provided by Zenetek in the SE Asian Territories, the parties have agreed that net revenues
generated from any JV Transaction shall be distributed thirty-five (35%) percent to the Registrant and sixty-five (65%) percent to Zenetek.
In addition, Zenetek has agreed to assume responsibility for all marketing and related costs and expenses as well as all engineering costs.
Furthermore, to the extent that Zenetek shall utilize the services of Registrant's engineering and/or other personnel in fulfilling its obligations
under this Agreement, such personnel costs shall be billed by the Registrant and paid for by Zenetek under separate subcontracting agreements.
The JV Agreement is attached as Exhibit 10.1 hereto.
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