PACIFICORP HOLDINGS, LTD. (OTCMKTS:PCFP) Files An 8-K Entry into a Material Definitive Agreement
Item 1.01 Entry into a Material Definitive Agreement
On May 4, 2017, the Registrant entered into an exclusive License
Agreement with Affordable Green Washington LLC.
Agreement with Affordable Green Washington LLC.
The License Fees shall be due and payable as follows:
$25,000 Due upon execution of the agreement; $25,000 Due on or
before May 15, 2017; and $50,000 Due on or before May 31, 2017;
and $2,000,000 on or before September 30, 2017, with closing to
occur on or before May 31, 2017.
before May 15, 2017; and $50,000 Due on or before May 31, 2017;
and $2,000,000 on or before September 30, 2017, with closing to
occur on or before May 31, 2017.
The License Agreement contains customary representations and
warranties and pre and post-closing covenants of each party and
customary closing conditions. Breaches of the representations and
warranties will be subject to customary indemnification
provisions, subject to specified aggregate limits of liability.
The foregoing summary description of the terms of the License
Agreement may not contain all information that is of interest to
the reader. For further information regarding the terms and
conditions of the License Agreement, this reference is made to
such agreement, which is filed as Exhibit 10.1 hereto and is
incorporated herein by this reference.
warranties and pre and post-closing covenants of each party and
customary closing conditions. Breaches of the representations and
warranties will be subject to customary indemnification
provisions, subject to specified aggregate limits of liability.
The foregoing summary description of the terms of the License
Agreement may not contain all information that is of interest to
the reader. For further information regarding the terms and
conditions of the License Agreement, this reference is made to
such agreement, which is filed as Exhibit 10.1 hereto and is
incorporated herein by this reference.
ITEM 5.02 Departure of Directors or Certain Officers; Election of
Directors; Appointment of Certain Officers; Compensatory
Arrangements of Certain Officers
Directors; Appointment of Certain Officers; Compensatory
Arrangements of Certain Officers
Resignation of Director
On May 4, 2017 Wan Soo Lee resigned his position as a Director of
the Registrant.
the Registrant.
There were no conflicts of interest or any disagreement between
Mr. Lee and the Registrant, its management or board of directors.
Mr. Lee and the Registrant, its management or board of directors.
ITEM 9.01 Financial Statements and Exhibits.
(d) Exhibits. The following is a complete list of exhibits filed
as part of this Report. Exhibit numbers correspond to the numbers
in the exhibit table of Item 601 of Regulation S-K.
as part of this Report. Exhibit numbers correspond to the numbers
in the exhibit table of Item 601 of Regulation S-K.
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Exhibit No.
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Description
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10.1
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License Agreement
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About PACIFICORP HOLDINGS, LTD. (OTCMKTS:PCFP)
Pacificorp Holdings, Ltd. is an exploration-stage company. The Company is involved in the development and exploration of mineral properties in the State of Nevada. The Company focuses on conducting exploration activities on mining claims in order to assess whether they possess commercially exploitable mineral deposits. The Company has not generated any revenues. PACIFICORP HOLDINGS, LTD. (OTCMKTS:PCFP) Recent Trading Information
PACIFICORP HOLDINGS, LTD. (OTCMKTS:PCFP) closed its last trading session 00.000 at 0.100 with shares trading hands.
