|
Quotes & Info
|
| APGS > SEC Filings for APGS > Form 8-K on 15-Feb-2012 | All Recent SEC Filings |
15-Feb-2012
Entry into a Material Definitive Agreement, Other Events, Financial Statements a
On February 9, 2012, we entered into a term sheet (the "Term Sheet") with Mike Sorrentino, MPS Entertainment, LLC, and Starz Management & PR, LLS ("Starz") regarding an exclusive, worldwide licensing agreement, which would grants us the right to use Mike Sorrentino (known by the stage name "The Situation") name and likeness in the development, manufacture, marketing, sale and distribution of social applications and social games (the "Apps") to be released and offered on the Android, Apple's iOS, Facebook, and Google+ platforms (the "Licensing Agreement").
Pursuant to the Term Sheet, we will develop a total of four Apps within eighteen
(18) months of the execution of the proposed License Agreement, with the release
of the first App scheduled for release no later than three (3) months following
the execution of the Licensing Agreement.
In consideration for the exclusive license granted by Mr. Sorrentino, we will issue Mr. Sorrentino certain warrants to purchase an shares of our common stock, par value $0.001 (the "Sorrentino Warrants"). The Sorrentino Warrants will vest in set amounts upon the release of each App.
On February 9, 2012, we issued a press release entitled "Apps Genius Corp and Nicole "Snooki" Polizzi enter Into an Exclusive Partnership for the Development of Social Games and Mobile Apps". A copy of the press release is attached as Exhibit 99.1, and incorporated herein by reference.
(d) Exhibits.
The following exhibit is furnished herewith:
Exhibit
Number Description
99.1 Press Release titled "Apps Genius Corp and Mike "The Situation"
Sorrentino and Family Enter Into an Exclusive Partnership for
the Development of Social Games and Mobile Apps" dated February
9, 2012.
|
|
|