Form 8-K for CHUMA HOLDINGS, INC.
Entry into a Material Definitive Agreement, Other Events
Pursuant to the terms of the Agreement, the Company is obligated to provide Spencer Edwards with the compensation set forth below:
(i) A 2% non-accountable expense allowance;
(ii) A 10% sales commission of the gross proceeds of the Offering; and
(iii) 10% Placement Agent Warrant as defined in Section 12 of the Agreement that is incorporated by reference herein.
The Company has appointed Spencer Edwards as its exclusive placement agent within the territories of the United States until July 31, 2015, unless one party provides written notice of termination to the other party for failure to comply with the terms of the Agreement.
A copy of the Agreement is filed as Exhibit 10.1 to this Current Report in its entirety and is incorporated by reference herein.
Item 9.01 Financial Statements and Exhibits Exhibit No. Description 10.1 Placement Agent Agreement between Chuma Holdings, Inc. and Spencer Edwards, Inc. 99.1 Press release dated February 13, 2015.
MAPH Enterprises, LLC | (305) 414-0128 | 1501 Venera Ave, Coral Gables, FL 33146 | firstname.lastname@example.org