True Nature Holding, Inc. (OTCMKTS:TNTY) Files An 8-K Entry into a Material Definitive Agreement


True Nature Holding, Inc. (OTCMKTS:TNTY) Files An 8-K Entry into a Material Definitive Agreement
Item 1.01 Entry into a Material Definitive Agreement

In June 2018 we entered into agreements with 3 clients for the deployment of our new telemedicine solution, Simple HIPAA, and an application used for developing relationships between providers of medical services, including pharmacies, and their referring professionals, and their patients and related parties. The clients have agreed to pay a software licensing fees of $12,500 each, and will pay for software maintenance at a price of 15% of the software license fee, per year, payable monthly. These initial clients will also assist the Company in the design of further development of additional applications in an advisory role with the Company.

In June 2018 we entered into agreements with Microsoft Corporation to utilize their Azure cloud service and systems development tools. We also entered into agreements with Oracle Corporation for the use of their MySQL data base software, and other tools used for software development.

These agreements demonstrate that the Company intends to continue moving forward to create a client base with innovative technologies that promote remote patient monitoring and telehealth services for continuity of care. These software license agreements will initially be installed at both compounding and retail pharmacy operations, and with other pharmacy suppliers and will be either “sponsored”, or “white label” versions of software solutions we intend to deploy “direct to the consumer” and to healthcare providers, later in the year. We believe the use of “sponsored” applications will allow us to deploy products faster, and at a higher profit, that acting solely as a technology provider without the inclusion of advertising and promotion from market participants.

Item 3.02 Unregistered Sales of Equity Securities

In June 2018, the company issued the following shares of common stock: 100,000 shares to its Chairman of the Board for Board services compensation; 100,000 shares to a Director for Board Services compensation; 100,000 to its President and Interim Chief Executive Officer (CEO) for performance Bonus; 1,100,000 in total for reimbursement of payment of obligations made on behalf of the company; and 250,000 for consulting on behalf of the company related to a potential acquisition.

Item 5.02. Departure of Directors or Principal Officers; Election of Directors; Appointment of Principal Officers;Compensatory Arrangements of Certain Officers.

Item 7.01. Regulation FD Disclosure.

The Company issued a press release on June 14, 2018relating to its new telemedicine software and systems products, which is attached to this filing as Exhibit 99.1.

Item 9.01 Financial Statements and Exhibits

(d) Exhibits.

True Nature Holding, Inc. Exhibit
EX-99.1 2 ex99-1.htm EX-99.1 Exhibit 99.1 TRUE NATURE ANNOUNCES NEW PRESIDENT,…
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