FIRST HARVEST CORP. (OTCMKTS:HVST) Files An 8-K Entry into a Material Definitive AgreementItem 1.01 Entry into a Material Definitive Agreement
On July 17, 2017, First Harvest Corp. (the “Company”) entered into an asset purchase agreement (the “Agreement”) with Interactive Systems Worldwide, Inc. (“ISWI”). to the Agreement, the Company purchased from ISWI all of its assets (the “Interactive Assets”), which include software systems developed by ISWI for the purposes of wagering on sporting events called the SportXction® Software System and other related intellectual property rights. The Company did not assume any of ISWI’s liabilities.
In consideration for the Interactive Assets, the Company issued to ISWI 2,000,000 shares of Company common stock (the “Shares”). The transaction closed on July 19, 2017.
The foregoing summary of the Agreement does not purport to be complete and is qualified in its entirety by reference to the full text of the Agreement that is filed herewith as Exhibit 10.1.
Item 3.02 Unregistered Sales of Equity Securities
The issuance of the Shares to ISWI was exempt from registration to Section 4(a)(2) and/or Rule 506 of Regulation D of the Securities Act of 1933, as amended (the “Securities Act”).
On July 20, 2017, the Company issued a press release announcing the transaction with ISWI. A copy of the press release is attached hereto as Exhibit 99.1 to this Current Report on Form 8-K and is incorporated herein by reference.
Item 9.01 Financials Statements and Exhibits.
| Description | |
| 10.1 | Asset Purchase Agreement between First Harvest Corp. and Interactive Systems Worldwide, Inc., dated July 17, 2017 |
| 99.1 | Press Release, dated July 20, 2017 |
First Harvest Corp. ExhibitEX-10.1 2 ex10-1.htm Asset Purchase Agreement THIS AGREEMENT (“the Agreement”) is made on this 17th day of July,…To view the full exhibit click here
About FIRST HARVEST CORP. (OTCMKTS:HVST)
First Harvest Corp., formerly American Riding Tours, Inc. is a shell company. It focuses on offering on-road tours. Its tourist destination features Mt. Charleston, Lake Mead National Recreation Area, Red Rock Canyon, Valley of Fire and the Grand Canyon. For riders looking for short overnights, the Company focuses on offering multiday trips to the Grand Canyon and roads of Southern California. It also focuses on providing custom tours built from the ground up going to geological areas of the Southwest. It focuses on providing participants with a Bluetooth headset to use during the tour in order to communicate with their guide, as well as maps and detailed information on the areas being visited. The Company focuses on operating Mt. Charleston and Spring Mountains tour, which includes the Spring Mountain Recreational Area, highlighted by the Mt. Charleston peak and local wildlife. The Company’s Valley of Fire, Lake Mead and Hoover Dam tour includes an escorted tour of the Hoover dam.