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SERATOSA INC. FILES (8-K) Disclosing Unregistered Sale of Equity Securities, Financial Statements and Exhibits

May 21, 2014



ITEM 3.02 UNREGISTERED SALES OF EQUITY SECURITIES

On May 15, 2015, Seratosa Inc. (the "Company") entered into a Software License Agreement with SSWA Software Ltd. ("SSWA"), pursuant to which SSWA granted the Company, an exclusive license to deploy, utilize and market SSWA's computer software programs owned by SSWA, which are known collectively as the SSWA Network and Platform for the use of creating, managing and coordinating e-commerce channels and transactions (the "Technology"). The license is granted for a 10-year term and may be extended by another 5 years upon mutual consent of the parties. As consideration for its licensing of the Technology, the Company agreed to (a) issue and deliver to SSWA a one time, up-front License Fee of 10,000,000 shares of common stock of the Company, payable upon signing of the Software License Agreement, and (b) pay SSWA a 3% transaction fee on the gross commercial sales of all goods and services sold through the Technology deployed by the Company worldwide.

ITEM 9.01 FINANCIAL STATEMENTS AND EXHIBITS

(d) Exhibits Exhibit No. Description 10.1 Software License Agreement, dated May 15, 2014, by and between Seratosa Inc. and SSWA Software Ltd.


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Source: Edgar Glimpses


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