OWCP/Cyprus I'm more interested in who is really behind these nominee acts out of Cyprus.
Item 1.01. Entry Into A Material Definitive Agreement.
On November 22, 2016, OWC Pharmaceutical Research Corp. (the "Registrant") filed a Form 8-K reporting that it had entered into a Reg S Unit Subscription Agreement with Michepro Holding Ltd ("Michepro"), organized under the laws of Cyprus (the "Investor"), pursuant to which the Investor subscribed for and purchased the Registrant's securities for cash consideration of $300,000.
In connection with the Reg S Subscription Agreement with Michepro, the Registrant also entered into a Corporate Management Services Agreement, a copy of which is attached as Exhibit 10.19 hereto ("OWC Europe Agreement"), with Sorelenco Limited, organized under the laws of Cyprus ("Consultant"), and an affiliate of Michepro, pursuant to which the Consultant agreed to provide management services to a new entity being organized by the Registrant, OWC Europe Marketing Corporation ("OWC Europe"). The Consultant shall provide OWC Europe with services involving the day to day operations of OWC Europe including, but not limited to management, business development, sales and marketing of the products of the Registrant's wholly-owned Israeli subsidiary, One World Cannabis Ltd and the hiring and training of staff, among other services. --------
News 
Market Data 
Discover 
AI
