ADAIAH DISTRIBUTION INC. (OTCMKTS:ADHH) Files An 8-K Entry into a Material Definitive Agreement
ITEM 1.01 MATERIAL DEFINITIVE AGREEMENT
On February 15, 2017, Adaiah Distribution Inc. (the Company or
Adaiah) entered into an Asset Purchase Agreement with 3D Pioneer
Systems, Inc., a Nevada corporation (3D) to acquire all of 3Ds
intellectual property, apps, other assets and all related
contractual rights used in connection with such property (the
Assets). The acquisition will be accomplished by issuing 1
million shares of the Companys common stock to 3D and paying a
total of $120,000, in equal quarterly payments, with the first
payment to be made the closing of the Asset Purchase Agreement.
3Ds apps are designed to educate young children (starting at 2
years old) about the environment, natural resources and how to
make decisions that are consistent with green or save your plant
initiatives. These applications teach children to respect the
planet in a fun and engaging manner, utilizing music,
caricatures, numerous colors and graphic art. Utilization of the
apps allows children to be creative as they paint pictures from
the main application or freely from their own mind and fantasies.
The apps also help children to learn to play music in a fun and
interactive manner.
The apps are currently available on smartphones operating on the
Android platform.
The acquisition of the Assets is subject to completion of due
diligence by Adaiah. The parties anticipate being able to
complete the acquisition by March 1, 2017.
Item 9.01. FINANCIAL STATEMENTS AND EXHIBITS.
(b) Exhibits.
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10.1 |
Asset Purchase Agreement, between Adaiah Distribution Inc. |
About ADAIAH DISTRIBUTION INC. (OTCMKTS:ADHH)
Adaiah Distribution Inc, located in Anapa, Russian Federation, is engaged in developing and distributing pillow. The company was incorporated on September 12, 2013. ADAIAH DISTRIBUTION INC. (OTCMKTS:ADHH) Recent Trading Information
ADAIAH DISTRIBUTION INC. (OTCMKTS:ADHH) closed its last trading session at 0.00700 with 2 shares trading hands.