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ABMC > SEC Filings for ABMC > Form 8-K on 27-Jan-2014All Recent SEC Filings

Show all filings for AMERICAN BIO MEDICA CORP



Entry into a Material Definitive Agreement

Item 1.01 Entry into a Material Definitive Agreement

On January 17, 2014, American Bio Medica Corporation (the "Company") entered into a Financial Advisory Agreement (the "Agreement") with Landmark Financial Corporation ('Landmark"). The Agreement provides that Landmark will provide certain financial advisory services for a minimum period of 6 months, and as consideration for these services, the Company shall pay Landmark (a) a retainer fee consisting of 208,333 restricted shares of common stock and (b) a "success fee" for the consummation of each and any transaction closing during the term of the Agreement and for 24 months thereafter, between the Company and any party first introduced to the Company by Landmark, or for any other transaction not originated by Landmark but for which Landmark provides substantial support in completing during the term of the Agreement. There is no material relationship between the Company and Landmark, other than with respect to the Agreement.

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