8.01. Other Events.
Order for Proscere Biosciences Cold-Water CBD/HEMP Extraction Systems on May 28, 2019
with the distribution agreement with United Opportunities, LLC, whereas on March 29, 2019, the Company and its subsidiary, Proscere
Bioscience Inc., entered into a Distribution Agreement with United Opportunities, LLC allowing the rights to sell the CBD/HEMP
Cold Water Extraction Systems within Canada and Europe; the company received a commercial purchase order from United Opportunities,
LLC on May 28, 2019 to manufacture 4 Cold-Water CBD/HEMP Extraction Systems for one of their customers in the amount of $2,880,000.
After manufacturing and delivery, the net profit is approximately $1.1M. The term of the Agreement with United Opportunities,
LLC is for five years with guaranteed minimal purchase orders of $35,000,000 per year and/or $175,000,000 over a five year period.
MDU Contracts and National Distribution Contract for Satel:
signed two new properties on May 25, 2019 totaling approximately 300 units, with new construction of 10,000 new MDU units in the
next three years. With this continued growth, Satel anticipates increasing its MDU revenue initially $6,000 per month for the
units upto $200,000 per month over the next 3 years.
was awarded national distributorship from Sendtek for its internet over coaxial cable products. Sendteks 1 and 2 gigabit equipment
allows Satel to bring high-speed internet services to its existing MDU market, with over 19,000 units passed, without additional
capital required to new cables. Lower initial capital costs will allow Satel competitive pricing. The revenue increase through
the integration of the Sendtek technology has the potential of $40/month for each of the 19,000 existing customers, or approximately
$760,000 per month.