Mr. Lore,
......USER is interested in jointly, with LICENSOR; acquiring all
rights presently possessed by LICENSOR, including, but not limited to:
patents, inventions/developments, manufacturing and distribution
know-how, rights to obtain all products for sale and the
above-referenced technologies to market internationally, NOW THEREFORE,
it is mutually agreed as follows: ...>>
Abracel USA Ltd apparently also serves to provide compensation to the
Loricchio interests:
<<Further, a minimum monthly payment of Eight Thousand
US($8,000.00) Dollars, to be paid by ABRACEL U.S.A., LIMITED, will be
guaranteed by AMAZON NATURAL TREASURES, INC., said amount to be paid by
the 10th day of each month, for an initial period of five years, plus
extensions, if necessary.>> .........
What the company has been diligently working with the SEC to ascertain is how to evaluate the value of an 'intellectual' property.
"......USER is interested in jointly, with LICENSOR; acquiring all
rights presently possessed by LICENSOR, including, but not limited to:
patents, inventions/developments, manufacturing and distribution
know-how, rights to obtain all products for sale and the
above-referenced technologies to market internationally".....
Once the SEC and the company arrive at how to make that evaluation, the financials will be audited and we will all be informed of that value. I hear that will be resolved in the very near future.
RB
|
