EOS INC. (OTCMKTS:EOSS) Files An 8-K Entry into a Material Definitive Agreement
Item 1.01 Entry into a Material Definitive Agreement
On January 15, 2019, EOS Inc. (the “Company”), A-Best Wire Harness & Components Co., Ltd. (“A-Best”), a company formed under the laws of Taiwan, and Ing Ming Lai, a Taiwanese individual and the majority shareholder of A-Best, entered into an Investment Cooperation Agreement (the “Investment Agreement”), to which the Company shall issue 10 million shares of its common stock (the “Common Stock”) to Ing Ming Lai to purchase twenty percent (20%) of the issued and outstanding equity in A-Best, exclusive distribution right of A-Best’s micro ceramic magnetic resonance speakers in the world, and perpetual licensing right to all the intellectual property rights, including without limitation the three patents registered in China, U.S. and Taiwan, owned by A-Best and Ing Ming Lai that relate to A-Best’s micro ceramic magnetic resonance speakers. A-Best is a Taipei-based company that designs magnetic resonance speakers. This Investment Agreement contains the customary confidentiality provision and provides certain representations and warranties about A-Best’s micro ceramic magnetic resonance speakers and indemnification for the Company against any infringement claims caused by A-Best and/ or Ing Ming Lai.
The foregoing description of the Investment Agreement is qualified in its entirety by reference to such Agreement, a copy of which is attached hereto as Exhibit 10.1 and hereby incorporated by reference into this Item 1.01.
ITEM 9.01 FINANCIAL STATEMENTS AND EXHIBITS
(d) Exhibits
The following exhibit is furnished herewith:
EOS INC. Exhibit
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About EOS INC. (OTCMKTS:EOSS)
EOS Inc is a company with a principal business of marketing and distributing in Taiwan skin care products manufactured by A.C. (USA) Inc., which is located in the City of Industry, California. Those products consist of masks and serums.. The company was founded in April 2015 and is located in Taipei City, Taiwan.
