Exhibit 10.01
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 8-K
CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934
Date of Report (Date of earliest event reported): December 26, 2017 ( December 20, 2017)
SMARTMETRIC, INC.
(Exact name of registrant as specified in its charter)
| Nevada | 000-54853 | 05-0543557 |
| (State or other jurisdiction of incorporation) | (Commission File Number) | (IRS Employer Identification No.) |
3960 Howard Hughes Parkway, Suite 500, Las Vegas, NV 89109
(Address of principal executive offices, including zip code)
(702) 990-3687
(Registrant's telephone number, including area code)
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
| ☐ | Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) |
| ☐ | Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) |
| ☐ | Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) |
| ☐ | Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) |
Indicate by check mark whether the registrant is an emerging growth company as defined in in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
Emerging growth company ☐
If an emerging growth company, indicate by checkmark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐
| Item 1.01 | Entry into a Material Definitive Agreement. |
On December 20, 2017, SmartMetric, Inc. (the “Company”) entered into manufacturer’s representative agreement (the “Agreement”) with Protec Secure Card, LLC (“Representative”) whereby Representative will promote and sell the Company’s security access control / identity biometric cards and all credit/debit biometric cards of the Company (collectively, the “Products”) in the United States of America (the “Territory”). Pursuant to the Agreement, Representative will receive 5% of the purchase price from the sale of all Products sold in the Territory. The Company announced the agreement on December 26, 2017 via Press Release. A copy of the Press Release and the Agreement are attached respectively as Exhibits 99.01 and 10.01 to this Current Report on Form 8-K and are incorporated by reference.
| Item 9.01 | Financial Statement and Exhibits. |
|
Exhibit
No. |
Description |
||
| 10.01 | Manufacturer’s Representative Agreement | ||
| 99.01 | Press Release dated December 26, 2017 |
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
Dated: December 26, 2017
| SMARTMETRIC, INC. | |||
| By: |
/s/ C. Hendrick
|
||
|
C. Hendrick
Chief Executive Officer
|
|||
INDEX OF EXHIBITS
|
Exhibit
No. |
Description |
||
| 10.01 | Manufacturer’s Representative Agreement | ||
| 99.01 | Press Release dated December 26, 2017 |
Exhibit 10.01
Exhibit 99.01
SmartMetric And Protec Secure Card Have Entered Into An Agreement Appointing Protec Secure Card As SmartMetric’s Representative And National Distributor For The Fingerprint Activated Biometric Credit And Security Card
NEW YORK , Dec. 26, 2017 (GLOBE NEWSWIRE) -- SmartMetric, Inc. (OTCQB:SMME) – SmartMetric, the developer of the biometric credit card and Cyber/Access/Identity multi-function security card, is pleased to announce that it has entered into an agreement with Protec Secure Card(“PSC”) headquartered in New Jersey. The agreement appoints PSC as the National Distributor for SmartMetric’s Biometric Security Cards within the USA.
SmartMetric has created a miniature biometric fingerprint scanner that fits inside credit cards and security cards providing high level biometric security for chip based credit cards, enterprise and government cyber security and access control cards. The intellectual property of the SmartMetric biometric card is protected by five (5) recently “issued” patents.
PSC is an established Visa, MasterCard and Discover certified credit card manufacturer that specializes in advanced high-quality credit card production for card issuing Banks in the United States along with Central and Latin America. The company is a leader using the most updated equipment and technologies in their secure production facility.
For more information concerning the new biometric secured credit and security card from PSC please contact Tracey Breckenridge at traceyb@protecsecurecard.com
SmartMetric biometric card with an in-side-the-card fully functioning fingerprint reader
Safe Harbor Statement: Forward-Looking Statements in this press release, which are not historical facts, are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Also such forward-looking statements are within the meaning of that term in Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Our actual results, performance or achievements may differ materially from those expressed or implied by these forward-looking statements. In some cases, you can identify forward-looking statements by the use of words such as “may,” “could,” “expect,” “intend,” “plan,” “seek,” “anticipate,” “believe,” “estimate,” “predict,” “potential,” “continue,” “likely,” “will,” “would” and variations of these terms and similar expressions, or the negative of these terms or similar expressions. Such forward-looking statements are necessarily based upon estimates and assumptions that, while considered reasonable by us and our management, are inherently uncertain. Factors that may cause actual results to differ materially from current expectations include, among others, if we are unable to access the capital necessary to fund current operations or implement our plans for growth; changes in the competitive environment in our industry and the markets where we operate; our ability to access the capital markets; and other risks discussed in the Company’s filings with the U.S. Securities and Exchange Commission, including our Annual Report on Form 10-K, which filings are available from the SEC. We caution you not to place undue reliance on any forward-looking statements, which are made as of the date of this press release. We undertake no obligation to update publicly any of these forward-looking statements to reflect actual results, new information or future events, changes in assumptions or changes in other factors affecting forward-looking statements, except to the extent required by applicable laws. If we update one or more forward-looking statements, no inference should be drawn that we will make additional updates with respect to those or other forward-looking statements.
Contact
Information
SmartMetric, Inc.
Head Office
+1.702.990.3687 (West Coast Time)
info@smartmetric.com
www.smartmetric.com
Protec Secure Card, LLC
80 Corbett Way
Eatontown, NJ 07724
1-732-542-0700
www.protecsecurecard.com