TERRA TECH CORP. (OTCMKTS:TRTC) Files An 8-K Entry into a Material Definitive AgreementItem 1.01 Entry into a Material Definitive Agreement.
Lock-Up Agreement
On January 17, 2018, Terra Tech Corp. (the “Company”) entered into a Lock-Up Agreement with Michael James, the Company’s Chief Financial Officer, to which Mr. James agreed, subject to certain exceptions, not to sell any shares of the Company’s common stock for a period of one year from the date of the Lock-Up Agreement.
The foregoing description of the Lock-Up Agreement is qualified in its entirety by reference to the full text of such document, a copy of which is filed as Exhibit 10.41 to this Current Report on Form 8-K and which is incorporated by reference herein in its entirety.
Item 9.01 Financial Statements and Exhibits.
(d)Exhibits:
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Exhibit |
Description |
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10.41 |
Lock-Up Agreement, dated January 17, 2018 |
Terra Tech Corp. Exhibit…To view the full exhibit click here
About TERRA TECH CORP. (OTCMKTS:TRTC)
Terra Tech Corp. is a cannabis-focused agriculture company. The Company operates through two segments: Hydroponic Produce and Cannabis Products. The Company, through its subsidiary, GrowOp Technology Ltd., is engaged in the design, marketing and sale of hydroponic equipment. It is also a retail seller of locally grown hydroponic produce, herbs, and floral products through its subsidiary, Edible Garden Corp. (Edible Garden). It intends to operate medical marijuana cultivation, production and dispensary facilities in Nevada through its subsidiaries, MediFarm, LLC (MediFarm), MediFarm I, LLC (MediFarm I) and MediFarm II, LLC (MediFarm II). Through its subsidiary, IVXX, Inc. (IVXX), it produces and sells a line of cannabis flowers and cigarettes, among others. The hydroponic produce segment consists of Edible Garden’s business and operations. Its cannabis products segment consists of IVXX’s business, as well as the proposed business operations of MediFarm, MediFarm I and MediFarm II.