AIRBORNE WIRELESS NETWORK (OTCMKTS:ABWN) Files An 8-K Entry into a Material Definitive AgreementITEM 1.01. ENTRY INTO A MATERIAL DEFINITIVE AGREEMENT
As of August 11, 2017, Airborne Wireless Network, a Nevada corporation (the “Company”), entered into a design and manufacturing services agreement with ViaLight Communications, GmbH (ViaLight”), a developer of laser based high-speed communication products (“Design and Manufacturing Agreement”). to the Design and Manufacturing Agreement, the Company and ViaLight shall collaborate in the development of a certain custom hybrid frequency-laser based communication system product(s) for use by the Company in connection with the Company’s existing proprietary technology (for use by the Company in connection with the Company’s ongoing development of the Airborne Wireless Network’s Infinitus Information Super Highway, linking land based wireless communications systems to aircraft and/ or ground stations). The specific pricing, payment specifications and delivery requirements of each product and equipment delivery (“Product”) under the Design and Manufacturing Services shall be contained in a written purchase order (“Specific Product Terms”) Among other things, in addition to these Specific Product Terms, the Design and Manufacturing Agreement provides for the system of placing and finalizing Product orders, engineering change orders, Product delivery parameters, reporting, communication, Product quality control, respective intellectual property rights of the parties, non-competition/non-solicitation, and cancellation rights. The Design and Manufacturing Services Agreement is for a term of five (5) years from the Effective Date, with automatic renewals for additional one (1) year periods (on the same terms), with at least one (1) year notice.
The foregoing information regarding the Design and Manufacturing Services Agreement does not purport to be complete and is qualified in its entirety by reference to the Design and Manufacturing Services Agreement, a copy of which is attached hereto as Exhibit 10.1 and is incorporated here by this reference.
ITEM 7.01 REGULATION FD
On August 15, 2017, the Company issued a press release announcing the Design and Manufacturing Services Agreement.
A copy of that press release is attached to this Current Report as Exhibit 99.1. In accordance with General Instruction B.2 of the Form 8-K, the information set forth in this ITEM 7.01 and in that press release is deemed to be “furnished” and shall not be deemed to be “filed” for purposes of the Securities Exchange Act of 1934, as amended (the “Exchange Act”) and shall not be incorporated by reference into any registration statement or other document filed under the Securities Act of 1933, as amended, or the Exchange Act, except as shall be expressly set forth by specific reference in such filing. The information set forth this ITEM 7.01 shall not be deemed an admission as to the materiality of any information in this Current Report that is required to be disclosed solely to satisfy the requirements of Regulation FD.
ITEM 9.01. FINANCIAL STATEMENTS AND EXHIBITS.
AIRBORNE WIRELESS NETWORK ExhibitEX-10.1 2 atlw_ex101.htm DESIGN AND MANUFACTURING SERVICES AGREEMENT atlw_ex101.htmEXHIBIT 10.1 W I R E L E S S N E T W O R K,…To view the full exhibit click here
About AIRBORNE WIRELESS NETWORK (OTCMKTS:ABWN)
Airborne Wireless Network, formerly Ample-Tee, Inc., is a development-stage company. The Company is developing a meshed network. The Company is seeking opportunities for the acquisition of assets. For its wholesale carrier network, the Company intends to use commercial aircraft as mini-satellites. The Company’s wholesale carrier network would be the airborne broadband pipeline, providing connectivity for broadband carrier services using commercial aircraft. As of May 31, 2016, the Company had no operations and had not earned any revenues.
