AIRBORNE WIRELESS NETWORK (NASDAQ:ABWN) Files An 8-K Entry into a Material Definitive Agreement
ITEM 1.01. ENTRY INTO A MATERIAL DEFINITIVE AGREEMENT
As of October 25, 2016, Airborne Wireless Network, a Nevada
corporation (the Company), and ZapZorn, a California corporation
(ZapZorn), entered into and executed a written media services
Agreement, to the provisions of which ZapZorn shall create for
the benefit of the Company certain media services (the Media
Agreement). to the provision of the Media Agreement, ZapZorn
shall assist the Company build its brand by using ZapZorns
relationships, artistic skills and digital creativity to make a
digital mark through television, web and interactive advertising.
Specifically, it is contemplated that to the provisions of the
Media Agreement, ZapZorn will be involved in creating content
such as video spots, podcasts, banner ads, print media and
reports and other types of digital media, including radio spots,
websites and graphics.
As compensation for the services to be provided by ZapZorn to the
Company to the Media Agreement, the Company has agreed to (i) pay
ZapZorn a monthly fee of $2,500 for a period of 6 months
($15,000) and (ii) issue to ZapZorn 150,000 shares of the
Companys common stock valued at $1.00 per share.
About AIRBORNE WIRELESS NETWORK (NASDAQ:ABWN)