RAPID FIRE MARKETING, INC. FILES (8-K) Disclosing Entry into a Material Definitive Agreement
(Edgar Glimpses Via Acquire Media NewsEdge) Item 1.01 Entry into a Material Definitive Agreement.
On March 12, 2014, the Company was assigned a royalty agreement dated October 1,
2013, with Global Specialty Products, Inc., by Frozen Food Gift Group, Inc.
("Assignor"). In exchange for the assignment of the Royalty Agreement, the
Company will pay the Assignor the sum of $10,000 in the Company's restricted
common stock. The royalty agreement provides for the investment of $80,000 into
Global Specialty Products, Inc. ("GSPI") within the next twelve months, with
possible triggers for additional investment, for the manufacturing and
distribution of Microwave Roasters ("MRI") products. The Company will receive a
5% net sales royalty payback for the next 10 years on all sales of the Microwave
Roasters products through GSPI.
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