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MAXD > SEC Filings for MAXD > Form 8-K on 6-Jun-2014All Recent SEC Filings

Show all filings for MAX SOUND CORP

Form 8-K for MAX SOUND CORP


6-Jun-2014

Entry into a Material Definitive Agreement, Other Events, Financial Statements and


Item 1.01 Entry into a Material Definitive Agreement.

On May 28, 2014, Max Sound Corporation (the "Company") entered into a license agreement with Akyumen Technologies Corp. ("Akyumen"), an original equipment manufacturer of mobile devices, for the non-exclusive, non-transferable, indivisible worldwide license rights to the use of Company's Application Programming Interface audio processor technology (the "Technology") in Akyumen's mobile devices. The license is for five years and is renewable, with the Company's approval, at Akyumen's request.

As consideration for the above-referenced license rights, Akyumen agreed to pay the Company royalties of $2.50 per Akyumen device that utilizes the Technology, to be payable on a monthly basis within 15 days after the close of the calendar month. Akyumen also agreed to pay, within three months of first sale, 50% of non-recurring engineering costs to port the Technology onto the operating systems of the Akyumen devices, inclusive of any local fees, taxes, or other charges.

For more information regarding the Akyumen licensing arrangement, please refer to the Company's current report on Form 8-K filed on May 29, 2014.



Item 8.01. Other Events.

On May 29, 2014, the Company issued a press release announcing that it had entered into a license agreement for certain engineered architecture technology. A copy of the press release is attached hereto as Exhibit 99.1.

Also on May 29, 2014, the Company issued a press release announcing that it had entered into an exclusive worldwide license agreement for certain optimized data transmission technology. A copy of the press release is attached hereto as Exhibit 99.2.



ITEM 9.01. Financial Statements and Exhibits.

(c) Exhibits

10.1 License Agreement, dated May 28, 2014, by and between the Company and Akyumen Technologies Corp.
99.1 Press Release, dated May 29, 2014.
99.2 Press Release, dated May 29, 2014.


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