Ami James Brands, Inc. (OTCMKTS:AJBI) Files An 8-K Entry into a Material Definitive Agreement
ITEM 1.01 – ENTRY INTO A MATERIAL DEFINITIVE AGREEMENT
License Agreement
On May 23, 2017, Ami James Brands, Inc.. (the Company) entered
into a License Agreement (the License Agreement) with Brand
Strategy Group, Inc. (the Licensor), a Wyoming corporation. to
the License Agreement, the Company acquired the exclusive
worldwide rights, for a period of 10 years, to various trademarks
(as more completely discussed below), which the Company intends
to utilize for the manufacture, distribution, sales and marketing
of various products within the apparel industry. As consideration
for the exclusive license granted under the License Agreement,
the Company shall pay a royalty paid to Licensor of ten percent
(10%) of all net sales of licensed products.
The foregoing description of the License Agreement does not
purport to be complete and is qualified in its entirety by
reference to the complete text of the License Agreement, which is
filed as Exhibits 10.1 to this Current Report and incorporated
herein by reference.
ITEM 9.01 FINANCIAL STATEMENTS AND EXHIBITS
(d) Exhibits. The following exhibits are either filed as a part
hereof or are incorporated by reference. Exhibit numbers
correspond to the numbering system in Item 601 of Regulation S-K.
|
Exhibit Number |
Description of Exhibit |
Filing |
|
10.01 |
License Agreement |
Filed Herewith |
About Ami James Brands, Inc. (OTCMKTS:AJBI)
Ami James Brands, Inc. is a development-stage company. The Company is engaged in the manufacture, distribution, sales and marketing of various products within the apparel industry. The Company focuses on designing, marketing, distributing and selling apparel under the brand names, Ami James and Ami James Ink, to consumers on over four continents, including North America, Europe, Asia and South America. The Company has the right to design, develop, manufacture, distribute and sell a menswear line, a boyswear line, a girlswear line, an infant and toddler line and an accessory line. The Company’s branded products include various categories of men’s and women’s fashions and accessories, footwear, children’s fashions and toys, as well as a range of other categories, such as restaurant franchising, sporting goods, along with health and wellness accessories. It offers denim and knits for women and men, and it also offers hats. As of March 31, 2016, the Company had not generated any revenues. Ami James Brands, Inc. (OTCMKTS:AJBI) Recent Trading Information
Ami James Brands, Inc. (OTCMKTS:AJBI) closed its last trading session up +0.0075 at 0.0200 with shares trading hands.
