FREEZE TAG, INC. (OTCMKTS:FRZT) Files An 8-K Entry into a Material Definitive AgreementItem 1.01 Entry into a Material Definitive Agreement.
On April 2, 2018, we received the signed paperwork back from the American Diabetes Association regarding Freeze Tag’s sponsorship (the ”Sponsorship”). The Sponsorship includes a wide variety of programs, including nationwide Tour de Cure® cycling events, the ADA’s National Get Fit Don’t Sit DayTM on Wednesday, May 2, 2018, and a variety of activity-based products across the Freeze Tag’s gaming platforms. The sponsorship will last through 2020 and will utilize all of Freeze Tag’s games, including Munzee, ZeeTours, Eventzee and more. We have agreed to provide American Diabetes Association with a minimum sponsorship of $150,000 between the date of the Sponsorship and March 14, 2020, with $50,000 payable by December 31, 2018, $75,000 payable by December 31, 2019 and $25,000 due by March 30, 2020. Any donations made by our customers during the term of the Sponsorship will count towards our minimum sponsorhip commitment. The description of the Sponsorship agreement set forth in this report is qualified in its entirety by reference to the full text of that document, which is attached as Exhibit 10.1 to our Current Report on Form 8-K filed with the Commission on April 6, 2018 and is incorporated herein by reference.
Item 7.01 Regulation FD Disclosure.
On April 5, 2018, we issued a press release announcing Freeze Tag Sponsorship of the American Diabetes Association. A copy of the press release is furnished with this Current Report as Exhibit 99.1.
The information in this Item 7.01 of this Current Report on Form 8-K, including Exhibit 99.1 attached hereto, shall not be deemed to be “filed” for the purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), or otherwise subject to liability under such section, nor shall it be deemed incorporated by reference in any of our filings under the Securities Act of 1933, as amended, or the Exchange Act, regardless of any general incorporation language in such filing, unless expressly incorporated by specific reference in such filing.
Item 9.01 Financial Statements and Exhibits
(c) Exhibits
Freeze Tag, Inc. ExhibitEX-10.1 2 frzt_ex101.htm CORPORATE SPONSORSHIP AGREEMENT frzt_ex101.htmEXHIBIT 10.1 Corporate Sponsorship Agreement Between American Diabetes Association and Freeze Tag,…To view the full exhibit click here
About FREEZE TAG, INC. (OTCMKTS:FRZT)
Freeze Tag, Inc. is engaged in creating mobile social games that are fun and engaging for all ages. Players can download the games for free or they can purchase virtual items and additional features within the game to increase the fun factor. The Company’s games encourage players to compete and engage with their friends on social networks, such as Facebook and Twitter. Its mobile games include Victorian MysteriesO and Unsolved Mystery ClubO, as well as digital entertainment, such as Etch A SketchO. The Company markets, sells and distributes its games primarily through direct-to-consumer digital storefronts, such as Apple’s Application (App) Store, the Google Play Store and Amazon’s App store. In addition to publishing its smartphone games on direct-to-consumer digital storefronts, the Company also publishes some of its titles on other platforms, such as the Facebook App Store, the Mac App Store and personal computer (PC) Download portals, such as Big Fish Games and Gamehouse.