HPIL HOLDING (OTCMKTS:HPIL) Files An 8-K Entry into a Material Definitive Agreement
ITEM 1.01 ENTRY INTO A MATERIAL DEFINITIVE AGREEMENT.
On May 19, 2017, HPIL Holding entered into an Addendum to the
Brand License Agreement made by and between the World Traditional
Shotokan Karate-Do Federation, the Licensor, and HPIL HOLDING,
the Licensee, originally signed on December 29, 2014
(collectively, the Agreement).
to the Addendum, the Licensee, HPIL HOLDING will sponsor the
WTFSKF World Karate Championship as well as The International
Karate Gasshuku every year during the term of the original Brand
License Agreement. Furthermore, the Licensor, has granted to the
Licensee, specifically, the exclusive use of its Licensed Brand
and Trademarks and its Licensed Products and the exclusive
Sponsorship of the two events and, in general, the exclusive
sponsorship of any such similar event, from year to year, during
the term of the Brand License Agreement.
HPIL intends to advance the development of Licensors products,
programs and projects, and will have the exclusive right to the
broadcast of a radio or television or internet broadcast of these
events and will share in the profits from such events with the
Licensor.
The description of the Agreement above is qualified in its
entirety by reference to the Agreement, which is filed as Exhibit
99.1 and incorporated in this Item 1.01 by reference.
Confidential treatment has been requested for certain portions of
this Agreement. Omitted portions have been filed separately with
the Commission.
ITEM 9.01 FINANCIAL STATEMENTS AND EXHIBITS.
(d) Exhibits
Exhibit
Description
99.1* Addendum to the Brand License Agreement made by and between
the World Traditional Shotokan Karate-Do Federation, the
Licensor, and HPIL HOLDING, the Licensee, dated May 19, 2017.
|
* |
Filed herewith. Portions of this exhibit are omitted and |
About HPIL HOLDING (OTCMKTS:HPIL)
HPIL Holding is an early-stage company. The Company is focused on developing its business of evaluating for investment or acquisition both private and public companies and intellectual properties and technologies in various business sectors, including healthcare, environmental quality, energy and real estate. The Company seeks to invest and provide related consulting services in these sectors. The Company’s subsidiaries include HPIL HEALTHCARE Inc., HPIL ENERGYTECH Inc., HPIL WORLDFOOD Inc., HPIL REAL ESTATE Inc., HPIL GLOBALCOM Inc. and HPIL ART&CULTURE Inc. HPIL HEALTHCARE Inc. is focused on investing in the healthcare sector. HPIL ENERGYTECH Inc. is focused on investing in the energy sector. HPIL REAL ESTATE Inc. is focused on investing in real estate sector. HPIL GLOBALCOM Inc. is focused on investing in communication sector. HPIL ART&CULTURE Inc. is focused on investing in art and culture sector. HPIL HOLDING (OTCMKTS:HPIL) Recent Trading Information
HPIL HOLDING (OTCMKTS:HPIL) closed its last trading session down -0.0030 at 0.0118 with 79,734 shares trading hands.