Free Flow, Inc. (OTCMKTS:FFLO) Files An 8-K Entry into a Material Definitive Agreement
Item 1.01 Entry into a Material Definitive Agreement.
owned subsidiary, Motors Metals, Inc., (MMI), entered into an
Auto Parts Supply and Distribution Agreement (the Agreement) with
SAM International (SAM) and M O Commodities, (Pvt.) Ltd. (MO).
and is in the business of importation and exportation of new and
used Original Equipment Manufacturer (OEM) automobile parts in
Afghanistan, Pakistan, the Middle East, Central Asia and Africa
(the SAM Territories). Prior to execution of the Agreement, SAM
acted as the exclusive selling agent for MO.
exclusive sales and indenting agent for several international
used and new OEM auto parts trading companies located in Germany,
Poland, Japan and the United States of America. As of the
effective date of the Agreement, MMI replaced SAM as MOs
exclusive selling agent.
will receive overseas orders for recycled and new auto parts.
Depending on the particulars of the purchase order, MMI will
either fulfill the order with auto parts from MOs clients, or
from inventory of FFLOs other wholly-owned subsidiary, JK Sales
Corp.
facility in King George, Virginia. Under separate agreement, MMI
has agreed to handle JKs international sales and exportation of
used OEM auto parts.
international orders for recycled auto parts, taking delivery of
shipments from JK to the SAM Territories, managing customs
clearance of shipments, managing delivery of orders to
end-purchasers, and collection of payments for orders on behalf
of MMI. Under the Agreement, SAM may also receive auto parts from
MMI on consignment for sale in the SAM Territories. SAM shall act
exclusively for MMI for all sales of used auto parts within the
SAM Territories.
successive one-year renewal terms unless terminated by either
party on 6 months written notice. Under the Agreement, SAM is
required to provide MMI with a rolling 12-month forecast, with
the nearest rolling two-month period becoming firm and binding on
SAM. As of the date of the Agreement, SAM estimates that it will
receive $100,000 per month of orders for used auto parts after
the initial startup period of 90-180 days.
Agreement, a copy of which is attached as Exhibit 99.1 hereto.
|
Exhibit No.
|
Description
|
|
|
99.1
|
Press Release of Free Flow, Inc. dated May 2, 2017
|
About Free Flow, Inc. (OTCMKTS:FFLO)
Free Flow, Inc. is an industrial and trading company. The Company owns the formulation and trademark of an Aerosol that eliminates smoke odor, mold and mildew and is useful in automobiles and home applications. The Company’s subsidiaries include Promedaff, Inc. and JK Sales, Corp. JK Sales, Corp. is engaged in providing management services. JK Sales, Corp. would purchase automobiles with an intent to sell as a trader and wholesaler in the overseas markets. Free Flow, Inc. (OTCMKTS:FFLO) Recent Trading Information
Free Flow, Inc. (OTCMKTS:FFLO) closed its last trading session 00.000 at 0.479 with shares trading hands.
