Nevada
|
3420
|
99-0375676
|
||
(State or other jurisdiction of incorporation or organization)
|
(Primary Standard Industrial Classification Code Number)
|
(I.R.S. Employer Identification Number)
|
William Macdonald
Macdonald Tuskey Attorney at Law Suite 400-570 Granville Street Vancouver, BC Canada V6C 3P1 |
Large accelerated filer
|
[ ]
|
Accelerated filer [ ]
|
Non-accelerated filer
|
[ ] (Do not check if smaller reporting company)
|
Smaller reporting company [X]
|
Title of Each Class of Securities to be Registered
|
Amount to be Registered (2)
|
Proposed Maximum Offering Price per Security (1)
($)
|
Proposed Maximum Aggregate Offering Price
(1)
($) |
Amount of Registration Fee
($) |
Shares of Common Stock, par value $0.001
|
7,500,000
|
0.02
|
150,000
|
15.11
|
3 | |
15 | |
16 | |
16 | |
16 | |
17 | |
19 | |
20 | |
21 | |
21 | |
27 | |
27 | |
27 | |
28 | |
29 | |
31 | |
31 | |
32 | |
34 | |
36 | |
36 | |
37 | |
49 | |
49 | |
50 | |
51 | |
51 | |
53 |
(A) | the last day of the fiscal year of the issuer during which it had total annual gross revenues of $1,000,000,000 (as such amount is indexed for inflation every 5 years by the Commission to reflect the change in the Consumer Price Index for All Urban Consumers published by the Bureau of Labor Statistics, setting the threshold to the nearest 1,000,000) or more; |
(B) | the last day of the fiscal year of the issuer following the fifth anniversary of the date of the first sale of common equity securities of the issuer pursuant to an effective registration statement under this title; |
(C) | the date on which such issuer has, during the previous 3-year period, issued more than $1,000,000,000 in non-convertible debt; or |
(D) | the date on which such issuer is deemed to be a ‘large accelerated filer’, as defined in section 240.12b -2 of title 17, Code of Federal Regulations, or any successor thereto. |
Shares of common stock being offered by the Registrant:
|
Up to 7,500,000 shares of our common stock.
|
|
|
Offering price:
|
$0.02 per share of common stock.
|
|
|
Number of shares outstanding before the Offering:
|
As of January 31, 2016, we had 7,500,000 shares of our common stock issued and outstanding, and no issued and outstanding convertible securities.
|
|
|
Number of shares outstanding after the Offering
|
15,000,000 if all of the shares being offered are sold.
|
|
|
Market for the common stock:
|
There is no public market for our common stock. After the effective date of this Registration Statement of which this prospectus is a part, we intend to seek a market maker to file an application on our behalf to have our common stock quoted on the OTCQB. We currently have no market maker who is willing to list quotations for our stock. There is no assurance that a trading market for our stock will develop or be sustained if developed
|
|
|
Use of Proceeds:
|
If we are also successful in selling all 7,500,000 shares contained in the Offering, our gross proceeds will total $150,000. We intend to use all the proceeds received from the Offering to execute our business plan.
If we sell 25% or less of our shares under the Offering, we will have to seek out additional capital from alternate sources to execute our business plan. If such funds are not available, our business would likely fail and any investment would be lost. No assurance can be given that the net proceeds from the total number of shares offered hereby or any lesser net amount will be sufficient to accomplish our goals.
|
|
|
Risk Factors:
|
See the “Risk Factors” beginning on page 9 and the other information in this prospectus for a discussion of the factors you should consider before deciding to invest in shares of our common stock.
|
|
|
Dividend Policy:
|
We have not declared or paid any dividends on our common stock since our inception, and we do not anticipate paying any such dividends for the foreseeable future.
|
Termination of the offering:
|
The offering will conclude when all 7,500,000 shares of common stock have been sold, or 180 days after this registration statement becomes effective with the Securities and Exchange Commission whichever comes first. Our board of directors, at its discretion, may extend the Offering for an additional 90 days.
|
Terms of the offering:
|
Our President and Secretary will sell the common stock upon effectiveness of this Registration Statement, on a self-underwritten, best efforts basis. There is no minimum required and we will retain the proceeds from any shares sold.
|
Year Ended January 31, 2016
($) |
Year Ended January 31, 2015
($) |
|
Revenues
|
Nil
|
Nil
|
Expenses
|
6,464
|
553
|
Net Loss
|
(6,464)
|
(553)
|
Net loss per share
|
(0.03)
|
(5.53)
|
January 31, 2016
($)
|
January 31, 2015
($)
|
|
Working Capital (Deficiency)
|
(62,681)
|
(56,217)
|
Total Assets
|
15
|
109
|
Total Liabilities
|
62,696
|
56,326
|
|
-
|
variations in quarterly operating results;
|
|
-
|
our announcements of significant contracts and achievement of milestones;
|
|
-
|
our relationships with other companies or capital commitments;
|
|
-
|
additions or departures of key personnel;
|
|
-
|
sales of common stock or termination of stock transfer restrictions;
|
|
-
|
changes in financial estimates by securities analysts, if any; and
|
|
-
|
fluctuations in stock market price and volume.
|
% of Offering Sold
|
10%
|
25%
|
50%
|
75%
|
100%
|
Legal and Accounting
|
$
-
|
$
7,500
|
$
30,000
|
$
30,000
|
$
30,000
|
Salaries/Consulting Fees
|
$
-
|
$
-
|
$
15,000
|
$
30,000
|
$
30,000
|
Purchase of land and building
|
-
|
-
|
-
|
$
20,000
|
$
20,000
|
Renovations to building
|
-
|
-
|
-
|
$
2,500
|
$
10,000
|
Grape pressing equipment
|
-
|
-
|
-
|
-
|
$
20,000
|
Production expenses for 2016/2017 vintage
|
-
|
-
|
-
|
-
|
$
10,000
|
Total
|
$
-
|
$
7,500
|
$
45,000
|
$
82,500
|
$ 120,000
|
Percent of Shares Sold
|
10%
|
25%
|
50%
|
75%
|
100%
|
Number of shares sold
|
750,000
|
1,875,000
|
3,750,000
|
5,625,000
|
7,500,000
|
Anticipated net offering proceeds
|
($15,000)
|
$7,500
|
$45,000
|
$82,540
|
$120,000
|
Total shares issued and outstanding post offering
|
8,250,000
|
9,375,000
|
11,250,000
|
13,125,000
|
15,000,000
|
Offering price per share
|
$0.02
|
$0.02
|
$0.02
|
$0.02
|
$0.02
|
New shareholders percentage of ownership after offering
|
9.1%
|
20%
|
33.3%
|
42.9%
|
50%
|
Existing stockholders percentage of ownership after offering
|
90.9%
|
80%
|
66.7%
|
57.1%
|
50%
|
1.
|
Ms. Tavukciyan is not subject to a statutory disqualification, as that term is defined in Section 3(a)(39) of the Act, at the time of their participation; and,
|
2.
|
Ms. Tavukciyan will not be compensated in connection with her participation by the payment of commissions or other remuneration based either directly or indirectly on transactions in securities; and
|
3.
|
Ms. Tavukciyan is not, nor will she be at the time of participation in the offering, an associated person of a broker-dealer; and
|
4.
|
Ms. Tavukciyan meets the conditions of paragraph (a)(4)(ii) of Rule 3a4-1 of the Exchange Act, in that she (A) primarily perform, or are intended primarily to perform at the end of the offering, substantial duties for or on behalf of our company, other than in connection with transactions in securities; and (B) is not a broker or dealer, or been an associated person of a broker or dealer, within the preceding twelve months; and (C) has not participated in selling and offering securities for any issuer more than once every twelve months other than in reliance on Paragraphs (a)(4)(i) or (a)(4)(iii).
|
· | contains a description of the nature and level of risk in the market for penny stocks in both public offerings and secondary trading; |
· | contains a description of the broker’s or dealer’s duties to the customer and of the rights and remedies available to the customer with respect to violations of such duties or other requirements of federal securities laws; |
· | contains a brief, clear, narrative description of a dealer market, including “bid” and “ask” prices for penny stocks and the significance of the spread between the bid and ask prices; |
· | contains the toll-free telephone number for inquiries on disciplinary actions; |
· | defines significant terms in the disclosure document or in the conduct of trading in penny stocks; and |
· | contains such other information, and is in such form (including language, type size, and format) as the SEC shall require by rule or regulation. |
· | the bid and ask prices for the penny stock; |
· | the number of shares to which such bid and ask prices apply, or other comparable information relating to the depth and liquidity of the market for such stock; |
· | the amount and a description of any compensation that the broker-dealer and its associated salesperson will receive in connection with the transaction; and |
· | a monthly account statement indicating the market value of each penny stock held in the customer’s account. |
-
|
the transaction is approved by the board of directors or a majority of the voting power held by disinterested stockholders, or
|
-
|
if the consideration to be paid by the interested stockholder is at least equal to the highest of: (a) the highest price per share paid by the interested stockholder within the three years immediately preceding the date of the announcement of the combination or in the transaction in which it became an interested stockholder, whichever is higher, (b) the market value per share of common stock on the date of announcement of the combination and the date the interested stockholder acquired the shares, whichever is higher, or (c) for holders of preferred stock, the highest liquidation value of the preferred stock, if it is higher.
|
· | Identify and purchase a warehouse-style building in our target village in Vayots Dzor province, Armenia; |
· | Search and purchase a pneumatic press, settling tanks and other wine production equipment |
· | Hire a local villager to act as liaison between our company and the farmers. |
· | Renovate building to suit our needs |
· | Install the pneumatic press and equipment |
· | Find an itinerant pressman from the village and train on new press |
· | Conclude distribution agreements for China and Russia |
· | Determine the amount of icewine to produce for new vintage and reserve the appropriate amount of grapes. |
· | Train farmers on proper vineyard maintenance and harvest methods. |
1. | Grape purchase prices are set every year by the Government of Armenia plus a 10% service charge. |
2. | Vineyard Maintenance from October 1 to Harvest – $1000 per hectare per month. |
3. | Harvest – $1200 per hectare. |
4. | Full Production to bottling stage – for all batches $500/ton. |
5. | Storage Price – Cost of $0.025 per litre per month calculated on expected final volume |
6. | Icewine Care and Materials: |
a. | Icewine care at $0.025/litre per month based on expected final volume; and |
b. | Any materials used outside “standard icewine making additive”, as listed, to be charged at cost plus 10%. |
7. | Filtering, Bottling & Labelling – $4.00 per dozen plus $250 set-up. |
8. | Warehouse and Dispatch (Bottled Stock and Dry Goods) Warehouse Storage: |
a. | Full Pallet (over half) $2.25/Week; and |
b. | Part Pallet $2.25/Week. |
9. | Dispatch: |
a. | 1 - 16 cartons $1.40 per carton; |
b. | 17 - over cartons $ 20.00 per dispatch; and |
c. | Full Pallets $ 20.00 per dispatch. |
· | Identify and purchase a warehouse-style building in our village in Vayots Dzor province, Armenia; |
· | Search for a pneumatic press, settling tanks and other wine production equipment |
· | Hire a person from the village to act as liaison between our company and the farmers. |
· | Pursue distribution agreements for China and Russia |
· | Renovate building to suit our company’s needs |
· | Purchase and install a pneumatic press and other equipment |
· | Find an itinerant pressman from the village |
· | Conclude distribution agreements for China and Russia |
· | Determine the amount of Icewine to produce for new vintage and reserve the appropriate amount of grapes. |
· | Train farmers on proper vineyard maintenance and harvest methods. |
1.
|
one percent of the number of shares of our company’s common stock then outstanding, which, in our case, will equal approximately 150,000 shares as of the date of this Prospectus; or
|
2.
|
the average weekly trading volume of our company’s common stock during the four calendar weeks preceding the filing of a notice on form 144 with respect to the sale.
|
· | Audited financial statements of our company for fiscal years ended January 31, 2016 and 2015. |
Legal and Accounting -
|
$
|
30,000
|
||
Salaries
|
30,000
|
|||
Purchase of land and building -
|
20,000
|
|||
Renovations to building
|
10,000
|
|||
Purchase of grape pressing and other equipment
|
30,000
|
|||
Production expenses for 2016/2017 vintage
|
20,000
|
|||
General and Administrative - | 10,000 | |||
$
|
150,000
|
Name
|
Age
|
Position
|
|
Cassandra Tavukciyan
|
23
|
President, Chief Executive Officer, Chief Financial Officer, Secretary, Treasurer and Director
|
· | the corporation could financially undertake the opportunity; |
· | the opportunity is within the corporation’s line of business; and |
· | it would be unfair to the corporation and its stockholders not to bring the opportunity to the attention of the corporation. |
· | been convicted in a criminal proceeding or been subject to a pending criminal proceeding (excluding traffic violations and other minor offences); |
· | had any bankruptcy petition filed by or against the business or property of the person, or of any partnership, corporation or business association of which he was a general partner or executive officer, either at the time of the bankruptcy filing or within two years prior to that time; |
· | been subject to any order, judgment, or decree, not subsequently reversed, suspended or vacated, of any court of competent jurisdiction or federal or state authority, permanently or temporarily enjoining, barring, suspending or otherwise limiting, his involvement in any type of business, securities, futures, commodities, investment, banking, savings and loan, or insurance activities, or to be associated with persons engaged in any such activity; |
· | been found by a court of competent jurisdiction in a civil action or by the SEC or the Commodity Futures Trading Commission to have violated a federal or state securities or commodities law, and the judgment has not been reversed, suspended, or vacated; |
· | been the subject of, or a party to, any federal or state judicial or administrative order, judgment, decree, or finding, not subsequently reversed, suspended or vacated (not including any settlement of a civil proceeding among private litigants), relating to an alleged violation of any federal or state securities or commodities law or regulation, any law or regulation respecting financial institutions or insurance companies including, but not limited to, a temporary or permanent injunction, order of disgorgement or restitution, civil money penalty or temporary or permanent cease-and-desist order, or removal or prohibition order, or any law or regulation prohibiting mail or wire fraud or fraud in connection with any business entity; or |
· | been the subject of, or a party to, any sanction or order, not subsequently reversed, suspended or vacated, of any self-regulatory organization (as defined in Section 3(a)(26) of the Exchange Act (15 U.S.C. 78c(a)(26))), any registered entity (as defined in Section 1(a)(29) of the Commodity Exchange Act (7 U.S.C. 1(a)(29))), or any equivalent exchange, association, entity or organization that has disciplinary authority over its members or persons associated with a member. |
|
1.
|
honest and ethical conduct, including the ethical handling of actual or apparent conflicts of interest between personal and professional relationships;
|
|
2.
|
full, fair, accurate, timely, and understandable disclosure in reports and documents that we file with, or submit to, the Securities and Exchange Commission and in other public communications made by us;
|
|
3.
|
compliance with applicable governmental laws, rules and regulations;
|
|
4.
|
the prompt internal reporting of violations of the Code of Business Conduct and Ethics to an appropriate person or persons identified in the Code of Business Conduct and Ethics; and
|
|
5.
|
accountability for adherence to the Code of Business Conduct and Ethics.
|
· | our principal executive officer; |
· | each of our two most highly compensated executive officers who were serving as executive officers at the end of the years ended January 31, 2016 and 2015; and |
· | up to two additional individuals for whom disclosure would have been provided under (b) but for the fact that the individual was not serving as our executive officer at the end of the years ended January 31, 2016 and 2015, |
SUMMARY COMPENSATION TABLE
|
|||||||||
Name and
Principal
Position
|
Year
|
Salary ($)
|
Bonus ($)
|
Stock
Awards ($)
|
Option
Awards
($)
|
Non-
Equity
Incentive Plan
Compensation ($)
|
Nonqualified Deferred
Compensation
Earnings ($)
|
All Other
Compensation ($)
|
Total ($)
|
Cassandra Tavukciyan
(1)
|
2016
|
-
|
-
|
-
|
-
|
-
|
-
|
Nil
|
Nil
|
Arto Tavukciyan
(2)
|
2016
|
-
|
-
|
-
|
-
|
-
|
-
|
Nil
|
Nil
|
2015
|
-
|
-
|
-
|
-
|
-
|
-
|
Nil
|
Nil
|
(1)
|
Ms. Tavukciyan was appointed President, Chief Executive Officer, Chief Financial Officer, Secretary, Treasurer and Director on January 20, 2016.
|
(2)
|
Mr. Arto Tavukciyan resigned as President, Chief Executive Officer, Chief Financial Officer, Secretary, Treasurer and Director on January 20, 2016.
|
Name and Address of Beneficial Owner
|
Amount and Nature of Beneficial Ownership (1)
|
Percentage of Class
|
Cassandra Tavukciyan
1805-141 Lyon Court, Toronto, Ontario, Canada, M6B 3H2 |
7,500,000
|
50%
|
(1) | Under Rule 13d-3, a beneficial owner of a security includes any person who, directly or indirectly, through any contract, arrangement, understanding, relationship, or otherwise has or shares: (i) voting power, which includes the power to vote, or to direct the voting of shares; and (ii) investment power, which includes the power to dispose or direct the disposition of shares. Certain shares may be deemed to be beneficially owned by more than one person (if, for example, persons share the power to vote or the power to dispose of the shares). In addition, shares are deemed to be beneficially owned by a person if the person has the right to acquire the shares (for example, upon exercise of an option) within 60 days of the date as of which the information is provided. In computing the percentage ownership of any person, the amount of shares outstanding is deemed to include the amount of shares beneficially owned by such person (and only such person) by reason of these acquisition rights. As a result, the percentage of outstanding shares of any person as shown in this table does not necessarily reflect the person’s actual ownership or voting power with respect to the number of shares of common stock actually outstanding on January 31, 2016. As of January 31, 2016, we had 15,000,000 shares of our common stock issued and outstanding assuming the completion of the Offering. If the Offering is not completed, we will have 7,500,000 shares issued and outstanding and Ms. Tayukciyan will hold 100% of those shares. All figures assume full dilution of convertible securities held. |
Index | |
F–1 | |
F–2 | |
F–3 | |
F–4 | |
F–5 | |
F–6 |
January 31,
2016
$
|
January 31,
2015
$
|
|||||||
ASSETS
|
||||||||
Current assets
|
||||||||
Cash
|
15
|
109
|
||||||
Total assets
|
15
|
109
|
||||||
LIABILITIES AND STOCKHOLDERS’ DEFICIT
|
||||||||
Current liabilities
|
||||||||
Accounts payable
|
3,159
|
–
|
||||||
Due to related party (Note 3)
|
59,537
|
56,326
|
||||||
Total liabilities
|
62,696
|
56,326
|
||||||
Nature of operations and continuance of business (Note 1)
|
||||||||
Subsequent event (Note 6)
|
||||||||
Stockholders’ deficit
|
||||||||
Common stock
|
||||||||
Authorized: 200,000,000 common shares, $0.001 par value 7,500,000 and 100 shares issued and outstanding, respectively
|
7,500
|
1
|
||||||
Additional paid-in capital
|
7,600
|
99
|
||||||
Share subscriptions receivable (Note 4)
|
(15,000
|
)
|
–
|
|||||
Deficit
|
(62,781
|
)
|
(56,317
|
)
|
||||
Total stockholders’ deficit
|
(62,681
|
)
|
(56,217
|
)
|
||||
Total liabilities and stockholders’ deficit
|
15
|
109
|
Year Ended
|
Year Ended
|
|||||||
January 31,
|
January 31,
|
|||||||
2016
|
2015
|
|||||||
$ | $ | |||||||
Operating expenses
|
||||||||
General and administrative
|
254
|
553
|
||||||
Product development
|
3,051
|
–
|
||||||
Professional fees
|
3,159
|
–
|
||||||
Total operating expenses
|
6,464
|
553
|
||||||
Net loss and comprehensive loss
|
(6,464
|
)
|
(553
|
)
|
||||
Basic and diluted loss per share
|
(0.03
|
)
|
(5.53
|
)
|
||||
Weighted average shares outstanding
|
226,124
|
100
|
Additional
|
Share
|
|||||||||||||||||||||||
Common Stock
|
Paid-In
|
Subscriptions
|
||||||||||||||||||||||
Shares
|
Amount
|
Capital
|
Receivable
|
Deficit
|
Total
|
|||||||||||||||||||
# |
$
|
$
|
$
|
$
|
$
|
|||||||||||||||||||
Balance, January 31, 2014
|
100
|
1
|
99
|
–
|
(55,764
|
)
|
(55,664
|
)
|
||||||||||||||||
Net loss for the year
|
–
|
–
|
–
|
–
|
(553
|
)
|
(553
|
)
|
||||||||||||||||
Balance, January 31, 2015
|
100
|
1
|
99
|
–
|
(56,317
|
)
|
(56,217
|
)
|
||||||||||||||||
Issuance of shares
|
7,500,000
|
7,500
|
7,500
|
(15,000
|
)
|
–
|
–
|
|||||||||||||||||
Cancellation of shares
|
(100
|
)
|
(1
|
)
|
1
|
–
|
–
|
–
|
||||||||||||||||
Net loss for the year
|
–
|
–
|
–
|
–
|
(6,464
|
)
|
(6,464
|
)
|
||||||||||||||||
Balance, January 31, 2016
|
7,500,000
|
7,500
|
7,600
|
(15,000
|
)
|
(62,781
|
)
|
(62,681
|
)
|
Year Ended
|
Year Ended
|
|||||||
January 31,
|
January 31,
|
|||||||
2016
|
2015
|
|||||||
$
|
$
|
|||||||
Operating activities
|
||||||||
Net loss
|
(6,464
|
)
|
(553
|
)
|
||||
Changes in operating assets and liabilities:
|
||||||||
Accounts payable
|
3,159
|
–
|
||||||
Due to related party
|
3,211
|
300
|
||||||
Net cash used in operating activities
|
(94
|
)
|
(253
|
)
|
||||
Decrease in cash
|
(94
|
)
|
(253
|
)
|
||||
Cash, beginning of year
|
109
|
362
|
||||||
Cash, end of year
|
15
|
109
|
||||||
Supplemental disclosures:
|
||||||||
Interest paid
|
–
|
–
|
||||||
Income taxes paid
|
–
|
–
|
1. | Nature of Operations and Continuance of Business |
2. | Significant Accounting Policies |
(a) | Basis of Presentation |
(b) | Use of Estimates |
(c) | Cash and Cash Equivalents |
(d) | Income Taxes |
(e) | Foreign Currency Translation |
(f) | Financial Instruments and Fair Value Measures |
(g) | Revenue Recognition |
(h) | Inventory |
2. | Summary of Significant Accounting Policies (continued) |
(i) | Loss Per Share |
(j) | Comprehensive Loss |
(k) | Recent Accounting Pronouncements |
3. | Related Party Transactions |
4. | Share Capital |
5. | Income Taxes |
2016
$
|
2015
$
|
|||||||
Income tax recovery at statutory rate
|
(2,198
|
)
|
(188
|
)
|
||||
Valuation allowance change
|
2,198
|
188
|
||||||
Provision for income taxes
|
–
|
–
|
5. | Income Taxes (continued) |
2016
$
|
2015
$
|
|||||||
Net operating losses carried forward
|
21,346
|
19,148
|
||||||
Valuation allowance
|
(21,346
|
)
|
(19,148
|
)
|
||||
Net deferred income tax asset
|
–
|
–
|
6. | Subsequent Event |
Commission filing fee
|
$
|
15
|
||
Legal fees and expenses
|
14,485
|
|||
Accounting fees and expenses
|
10,500
|
|||
Printing and marketing expenses
|
Nil
|
|||
Miscellaneous
|
5,000
|
|||
Total
|
$
|
30,000
|
Exhibit
Number
|
|
Exhibit Description
|
|
|
|
3.1
|
|
|
|
|
|
3.2
|
|
|
|
|
|
5.1
|
|
|
|
|
|
10.1
|
|
|
|
|
|
10.2
|
|
|
|
|
|
10.3
|
|
|
|
|
|
10.4
|
|
|
|
|
|
10.5
|
|
|
14.1
|
|
|
|
|
|
23.1
|
|
|
|
|
|
23.2
|
|
1.
|
To file, during any period in which offers or sales are being made, a post-effective amendment to this registration statement:
|
|
(i)
|
To include any prospectus required by section 10(a)(3) of the Securities Act;
|
|
(ii)
|
To reflect in the prospectus any facts or events arising after the effective date of the registration statement (or the most recent post-effective amendment thereof) which, individually or in the aggregate, represent a fundamental change in the information set forth in the registration statement. Notwithstanding the foregoing, any increase or decrease in volume of securities offered (if the total dollar value of securities offered would not exceed that which was registered) and any deviation from the low or high end of the estimated maximum offering range may be reflected in the form of prospectus filed with the SEC pursuant to Rule 424(b) if, in the aggregate, the changes in volume and price represent no more than 20% change in the maximum aggregate offering price set forth in the “Calculation of Registration Fee” table in the effective registration statement; and
|
|
(iii)
|
To include any material information with respect to the plan of distribution not previously disclosed in the registration statement or any material change to such information in the registration statement;
|
2.
|
That for the purpose of determining liability under the Securities Act, each post-effective amendment shall be deemed to be a new registration statement relating to the securities offered therein, and the offering of such securities at that time shall be deemed to be the initial bona fide offering thereof;
|
3.
|
To remove from registration by means of a post-effective amendment any of the securities being registered which remain unsold at the termination of the offering; and
|
4.
|
That, for the purpose of determining liability of the registrant under the Securities Act to any purchaser in the initial distribution of the securities, the registrant undertakes that in a primary offering of securities of the registrant pursuant to this registration statement, regardless of the underwriting method used to sell the securities to the purchaser, if the securities are offered or sold to such purchaser by means of any of the following communications, the registrant will be a seller to the purchaser and will be considered to offer or sell such securities to such purchaser:
|
|
(i)
|
Any preliminary prospectus or prospectus of the registrant relating to the offering required to be filed pursuant to Rule 424;
|
|
|
|
|
(ii)
|
Any free writing prospectus relating to the offering prepared by or on behalf of the registrant or used or referred to by the registrant;
|
|
(iii)
|
The portion of any other free writing prospectus relating to the offering containing material information about the registrant or its securities provided by or on behalf of the registrant; and
|
|
(iv)
|
Any other communication that is an offer in the offering made by the registrant to the purchaser.
|
|
ARMEAU BRANDS INC.
|
||
|
|
|
|
|
|
|
|
|
By:
|
/s/ Cassandra Tavukciyan | |
|
|
Cassandra Tavukciyan
|
|
|
|
President and Director
|
Signatures
|
|
Title
|
|
Date
|
|
|
|
|
|
/s/ Cassandra Tavukciyan |
|
|
|
|
Cassandra Tavukciyan
|
|
Director, President and Chief Executive Officer
|
|
March 14, 2016
|
Suite 400 – 570 Granville Street Vancouver, BC V6C 3P1 CANADA Telephone: (604) 689-1022 Facsimile: (604) 681-4760 |
CORPORATE AND SECURITIES LAWYERS |
Re:
Common Stock of Armeau Brands Inc., Registered on Form S-1, filed on March 11, 2016
|
Suite 400 – 570 Granville Street
Vancouver, BC V6C 3P1 CANADA Telephone: (604) 689-1022 Facsimile: (604) 681-4760 |
CORPORATE AND SECURITIES LAWYERS |
· | Research on climate, viticulture and winemaking in Armenia. |
· | Travel to Armenia. Interpreter will be provided by the client, if necessary. Expected length of travel is one week. |
· | Meet with the client to gather information about the proposed project, its goals, the site, and the climate. |
· | Visit the possible subject sites with the client to get first-hand impressions of local conditions and the potential for viticulture suitable for Icewine, and winery facilities. |
· | Meet with local expert on viticultural potential and conditions, as well as experienced local grape growers (to be recommended and arranged by the client). |
· | Visit any other sites or wineries in the area that may be relevant, as deemed necessary. |
· | If appropriate, participate in tasting and evaluation of local and regional wines, to be arranged by the client. This is to help research the current market, and delineate the potential that has been reached so far by local wine producers. |
· | Investigate the regional and local potential for Icewine production based on the climate data made available by the client, as well as the site characteristics. |
· | Prepare brief report of site- and project-specific vineyard site considerations that must be taken into account. |
· | Give an outline of special considerations for Icewine production in both the vineyard site and winery specifications and requirements. |
· | Work with client to develop stylistic and technical specifications for target Icewine product(s) |
· | Develop Icewine production protocol suitable for winery partner, and client |
· | Set up dialog with selected winery partners to ensure that Icewine production protocol will be followed, and necessary support (lab and quality control, for example) and equipment is in place and working |
· | List supplies needed for Icewine production, help source these supplies for winery |
· | Work with winery partner in preparation of harvest, ensure harvest readiness |
· | printing or copying of documents |
· | delivery, courier, Parcel Post or similar charges |
· | internet and telephone charges incurred while traveling and working on behalf of the client |
· | travel, accommodation, and meal costs not covered by the client, as necessary to perform outlined duties (a flat rate of $0.50 / km will be charged for travel in IMBIBEdesign’s own vehicles) |
· | Initial project familiarization and investigation. |
· | Meeting with the client and viticultural and winemaking partners near the project site |
· | Investigation of different viticultural areas and vineyard sites |
|
· |
Inspection of chosen winery partner facility
|
· | Visit and meeting with local agricultural and viticultural experts, if appropriate |
· | Report presented to the Client outlining: |
o | site- and project-specific vineyard and winery considerations |
o | winery requirements |
o | special considerations of Icewine production |
o | stylistic and technical targets for Icewine product(s) |
o | outline of winemaking requirements and procedures for the production of Icewine |
· | The Scope of Work is scheduled to occur in September 2011, with firm dates yet to be established. IMBIBEdesign will make every reasonable effort to be available at a time suitable to the Client. |
· | The Client understands that IMBIBEdesign has other clients and ongoing projects, which will make demands on IMBIBEdesign resources during the time frame that this work will occur. |
· | IMBIBEdesign will endeavour to have a draft final report ready for review within ten days following the conclusion of the site visit described above. |
· | This proposal is valid until August 10, 2011. |
· | No warranty or representation, expressed or implied, is included or intended in our proposals, contracts, plans, recommendations or reports. The Client shall hold IMBIBEdesign harmless in and from all claims, liabilities, damages and detriments not arising from the IMBIBEdesign’s actual negligence or malfeasance. |
· | IMBIBEdesign will assume that data, information and work supplied by the Client is complete, accurate and suitable. |
· | The retainer will be held by IMBIBEdesign , and applied to the final invoice related to this Scope of Work. |
· | IMBIBEdesign ’s invoices are due on receipt. A financing charge of 1.5% per month will apply to unpaid balances after 30 days from the date of invoice. |
· | Either party upon thirty days written notice may terminate this agreement. |
· | This agreement may be terminated upon seven days written notice should the other party fail substantially to perform in accordance with its terms, through no fault of the party initiating the termination. |
· | Termination can occur at any point in the process, and the Client will be required to pay for services completed at the point of termination. |
A. | The Corporation is a Nevada Corporation who’s objective is to produce Icewine in Armenia for the purposes of marketing worldwide, and |
B. | The Corporation requires scientific and expert guidance and supervision of its vineyard activities in Armenia, |
C. | For the grape season of 2011/2012, the Corporation wishes to obtain, and the Contractor wishes to provide to the Corporation certain services on the terms and conditions contained in this Agreement. |
1. | SERVICES TO BE PROVIDED |
1.1 | Effective October 11, 2011 (“ Effective Date ”), the Contractor will provide consulting services to the Corporation, which services are described in Schedule “A” to this Agreement (the “ Services ”), on the terms and conditions contained in this Agreement. If the Corporation requires the Contractor to maintain professional designations or licenses in order to perform the Services, that requirement or requirements, if applicable, are also set out in Schedule “A”. |
1.2 | The Contractor will report directly to Mr. H. Kaspar and Mr. A. Tavukciyan and will keep the Corporation informed of all matters concerning the Services as requested by the Corporation from time to time. |
1.3 | The Services performed by the Contractor will be provided at the location, and in accordance with the schedules and requirements described in Schedule “A”. |
1.4 | The Contractor will perform the Services to the level of competence and skill one would reasonably expect from other persons who have skills and experience similar to that of the Contractor. |
2. | REMUNERATION AND EXPENSES |
2.1 | Consulting Fees . The Corporation will pay the Contractor USD $500 per month until the harvest and grape pressing is completed in 2012 as a lump sum compensation for all expenses incurred and fees to perform duties set in Schedule A (the “ Service Fee ”). |
2.2 | Invoices . At the end of each month, the Contractor will invoice or provide an invoice to the Corporation for activities undertaken for performing the Services during that month. Such invoice will show the Service Fee payable for that month, the number of visits made to the vineyard and include a brief description of the nature of the Services performed. |
2.3 | Taxes . The Contractor will show the amount of Taxes that the Contractor is required to remit as a separate line item on the Contractor’s invoice, if applicable. |
2.4 | Expenses . The Contractor will be responsible for all costs associated with the performance of the Services, i.e. travelling costs, and the Corporation will reimburse the Contractor on a lump sum monthly basis covering these expenses. Additional out-of-pocket expenses incurred by the Contractor on the Corporation’s behalf that the Corporation has pre-approved in writing will be reimbursed separately. The Contractor agrees to promptly forward to the Corporation all pertinent and available invoices for pre-approved expenses incurred by the Contractor, and the Corporation will reimburse the Contractor for such expenses upon presentation of an invoice or financial report. |
2.5 | Equipment . Unless specifically agreed otherwise by the Corporation, the Contractor is responsible to provide and maintain his own computers, software and other equipment and supplies required for the provision of the Services. Any software, program or equipment supplied by the Corporation in connection with the performance of the Services is and will remain the property of the Corporation and the Contractor agrees to return the same to the Corporation upon termination of this Agreement. This provision shall survive any termination of this Agreement. |
3. | TERM AND TERMINATION |
3.1 | Subject to Section 3.2, this Agreement will commence on the Effective Date and will terminate upon the end of harvest and grape pressing unless the Agreement is terminated prior to the expiry of the Term in accordance with Section 3.2 hereof or is extended my mutual agreement in writing by the Parties on or prior to the expiry of the Term. |
3.2 | Notwithstanding Section 3.1, this Agreement may be terminated at any time by: |
(a) | the Contractor, by giving at least thirty (30) days’ advance notice in writing to the Corporation; |
(b) | the Corporation, by giving at least seven (7) days’ advance notice in writing to the Contractor; or |
(c) | the Corporation without notice in the event the Contractor breaches the terms of this Agreement, including without limitation, if the Contractor fails to perform the Services as set out in this Agreement. |
3.3 | Upon termination of this Agreement for any reason, the Contractor shall promptly deliver the following in accordance with the directions of the Corporation: |
(a) | a final accounting, reflecting the balance of service fees earned and pre-approved expenses incurred on behalf of the Corporation up to the date of termination; |
(b) | all documents pertaining to the Corporation or Services provided under this Agreement, including but not limited to all books of account, correspondence and contracts and lists of all contracts established during the Term; |
(c) | all Corporation property, including but not limited to Confidential Information in the Contractor’s possession or control pertaining to the Corporation, including without limitation, keys, pass cards, names of prospective customers or clients and information relating to prospective business opportunities of the Corporation; and |
(d) | all equipment and any other property belonging to the Corporation. |
4. | CONFIDENTIALITY, NON-SOLICITATION, AND OWNERSHIP OF PROPERTY |
4.1 | Confidential and Proprietary Information . “ Confidential Information ” means information, whether or not originated by the Contractor, that relates to the business or affairs of the Corporation, its affiliates, customers, clients or suppliers and is confidential or proprietary to, about or created by the Corporation, its affiliates, customers, clients, or suppliers. Confidential Information includes, but is not limited to, the following types of confidential information and other proprietary information of a similar nature (whether or not reduced to writing or designated or marked as confidential): |
(a) | Works (as defined below); |
(b) | computer software or technology and ideas of any type or form and in any stage of actual or anticipated development; |
(c) | information relating to research or data that has not been publically disclosed, including but not limited to, the production data, technical and engineering data, test data and test results, the status and details of research and development of products and services, and information regarding acquiring, protecting, enforcing and licensing proprietary rights (including patents, copyrights and trade secrets); |
(d) | information relating to internal Corporation personnel, including personal information about such personnel, financial information, vendor names and other vendor information, purchasing and internal cost information, internal services and operational manuals, and the manner and method of conducting the Corporation’s business; |
(e) | marketing and development plans, price and cost data, price and fee amounts, pricing and billing policies, quoting procedures, marketing techniques and methods of obtaining business, forecasts and forecast assumptions and volumes, current and prospective client lists, and future plans and potential strategies of the Corporation that have been or are being discussed; and |
(f) | all information that becomes known to the Contractor as a result of the Services that the Corporation, acting reasonably, believes is Confidential Information, or that the Corporation takes reasonable measures to protect the confidentiality of. |
4.2 | Protection of Confidential Information. The Contractor acknowledges that the Confidential Information is a valuable and unique asset of the Corporation and that the Confidential Information is and will remain the exclusive property of the Corporation. The Contractor agrees to maintain securely and hold in strict confidence all Confidential Information received or acquired by the Contractor or disclosed to the Contractor as a result of or in connection with the Services. The Contractor agrees that, both during and after the termination of this Agreement, the Contractor will not, directly or indirectly, divulge, communicate, use, copy or disclose or permit others to use, copy or disclose, any Confidential Information to any person, except as such disclosure or use is required to perform its duties hereunder or as may be consented to by prior written authorization of the Corporation. |
4.3 | Exceptions to Obligations of Confidentiality . The obligation of confidentiality imposed by this Agreement shall not apply to information that appears in issued patents or printed publications, that otherwise is generally known in the industry through no act of the Contractor in breach of this Agreement, or that is required to be disclosed by court order or applicable law. |
4.4 | Third Party Confidential Information . The Contractor understands that the Corporation has from time to time in its possession information belonging to third parties or which is claimed by third parties to be confidential or proprietary and which the Corporation has agreed to keep confidential. The Contractor agrees that all such information shall be Confidential Information for the purposes of this Agreement. |
4.5 | Contractor’s Warranty. The Contractor need only devote such portion of the Contractor’s time as is necessary to perform the Services and subject to the provisions of this Section 4, the Contractor is not precluded from acting in any other capacity for any other person, firm, company or other legal entity, provided that such other services or work does not, in the reasonable opinion of the Corporation, conflict with the Contractor’s ability to perform the Services or the Contractor’s obligations pursuant to this Agreement. The Contractor represents and warrants that the Contractor: |
(a) | is not bound by or subject to any restrictive covenants, including covenants regarding non-competition and non-solicitation in favour of a current or former employer or any other person, firm, company or other legal entity to whom the Contractor has provided services, currently does provides services or will provide services during the Term; |
(b) | has not used and will not use, while performing the Services, any materials or documents belonging to third parties which the Contractor is under a duty not to disclose or which a third party considers to be confidential; |
(c) | while performing the Services, shall not breach any obligation or confidence or duty the Contractor may have to any third parties, including former clients, other employers or former employers or any other person, firm, company or other legal entity to whom the Contractor has provided services, currently does provides services or will provide services during the Term; |
(d) | will not remove, bring or use in providing the Services any personal property or assets of a current or former employer or any other person, firm, company or other legal entity to whom the Contractor has provided services, currently does provides services or will provide services during the Term, including supplies, equipment, files, reference materials, reports, computer software, data processing systems, data, pricing sheets, customer or client lists, specifications and other similar materials; |
(e) | will not, to the best of his knowledge and belief, use or cause to be incorporated in any of the Contractor’s work product, any data, software (including open source software), information, designs, techniques or know-how which the Contractor or the Corporation do not have the right to use. |
4.6 | Intellectual Property . |
(a) | In this Agreement: |
(i) | the term “ Intellectual Property Rights ” means any and all legal protection recognized by the law (whether by statute, common law or otherwise, in Canada and all other countries world-wide) in respect of the Works (as defined herein) and Confidential Information, including trade secret and confidential information protection, patents, copyright and copyright registration, industrial design registration, trade dress and trade-marks and trade-mark registrations and other registrations or grants of rights analogous thereto; and |
(ii) | the term “ Works ” includes all inventions, methods, processes, discoveries, designs, ideas, works, creations, developments, algorithms, drawings, compilations of information, analysis, experiments, data, reports, know-how, techniques, products, samples, tools, machines, software and all documentation therefore, flowcharts, specifications and source code listings, whether patentable or not, including any modifications or improvements thereto which: (A) are conceived, developed, created, generated or reduced to practice by the Contractor (whether alone or with others in or outside the Corporation) as a result of the performance of the Contractor’s Services for the Corporation; or, (B) result from tasks assigned to the Contractor by the Corporation; or (C) result from the use of the premises and property (including equipment, supplies or Confidential Information) owned or licensed by the Corporation. |
(b) | During the Term, the Contractor will disclose all Works promptly and fully to the Corporation. |
(c) | The Corporation will have sole and exclusive right, title and interest world-wide in and to all Works and Intellectual Property Rights, which right, title and interest will continue after termination of this Agreement. |
(d) | The Contractor hereby assigns, and in the case of Works created after the date of the Effective Date, agrees to assign to the Corporation, without the need for any further remuneration or consideration, all right, title and interest that the Contractor may have in and to the Works and Intellectual Property Rights that the Contractor may have by virtue of having created, made, conceived or contributed to any such Works, whether alone or with others, in whole or in part, in the course of the performance of the Services for the Corporation before, on or after the Effective Date or while concerned with or involved in the Corporation’s business or with its premises or property. The Contractor hereby waives (and in the case of Works created after the Effective Date, agrees to waive) all moral rights that the Contractor may have with respect to the Works, and the Corporation may in its sole discretion assign the benefit of such waiver of moral rights. The Contractor agrees not to exercise such moral rights against any third parties without the express written consent of the Corporation and agrees that the above-noted waiver may be invoked by any person authorized by the Corporation to use and/or modify the Works. |
(e) | The Contractor will execute and deliver to the Corporation whenever requested by the Corporation, any and all further documents and assurances that the Corporation may deem necessary or expedient to effect the purposes and intent of the assignment and waiver set out herein. If the Contractor refuses or fails to execute any further documents and assurances whenever requested by the Corporation, this Agreement shall form a power of attorney granting to the Corporation the right to execute and deliver on the Contractor’s behalf, all such further documents and assurances that the Corporation may deem necessary or expedient to effect the purposes and intent of the assignment and waiver set out herein on the Contractor’s behalf. |
(f) | The Contractor will maintain at all times adequate and current records relating to the Works, which records will be and remain the property of the Corporation. |
(g) | All documents, records, work papers, notes, memoranda and similar records of Confidential Information or Works made or compiled by the Contractor at any time or made available to the Contractor during the Contractor’s performance of the Services to the Corporation (whether before, on or after the Effective Date) including all copies thereof, are the property of the Corporation and will be delivered to the Corporation by the Contractor upon the termination of this Agreement or at any other time upon request by the Corporation. |
4.7 | Non-Solicitation of Employees/Contractors. During the term of this Agreement and for a period of twelve (12) months immediately following the termination of this Agreement, the Contractor covenants and agrees that he will not, directly or indirectly, on his own behalf or on behalf of a third party: |
(a) | hire or retain any employee or independent contractor of the Corporation about whom the Contractor became aware in connection with providing the Services or with whom the Contractor had contact in connection with the provision of Services; or |
(b) | contact, solicit or endeavour to entice away |
(i) | any employee or independent contractor of the Corporation about whom the Contractor became aware in connection with providing the Services or with whom the Contractor had contact in connection with the provision of Services, or |
(ii) | any person who was an employee or independent contractor of the Corporation on the termination date of this Agreement or during the period of 6 months immediately preceding termination about whom the Contractor became aware in connection with providing the Services or with whom the Contractor had contact in connection with the provision of Services, |
4.8 | Equitable Relief . The Contractor acknowledges that the restrictions contained in this Section 4 are, in view of the nature of the business of the Corporation, reasonable and necessary to protect the legitimate interests of the Corporation, that the Corporation would not have entered into this Agreement in the absence of such restrictions and that any violation of any provision of those Sections could result in irreparable injury to the Corporation. The Contractor agrees that, in the event of a violation of any of the restrictions referred to in this Section 4, the Corporation shall be entitled to such injunctive relief or other remedies at law or in equity which the Court deems fit. |
4.9 | The provisions of this Section 4 will survive any termination of this Agreement. |
5. | INDEPENDENT CONTRACTOR RELATIONSHIP |
5.1 | It is expressly agreed that in performing the Services, the Contractor is acting as an independent contractor, and not an employee of the Corporation, and that the Contractor has no authority or right to bind the Corporation or enter into any contracts, agreements, or other legal commitments or obligations with third parties on behalf of the Corporation. The Contractor is responsible for any taxes levied or owed by any governmental or equivalent authority with jurisdiction over the compensation payable pursuant to this Agreement. |
5.2 | The Contractor need only devote such portion of the Contractor’s time as is agreed to pursuant to this Agreement. The Contractor is not precluded from acting in any other capacity for any other person, firm or Corporation provided that it does not, in the reasonable opinion of the Corporation, conflict with the Contractor’s ability to perform the Services or the Contractor’s obligations pursuant to this Agreement. |
5.3 | The Corporation will not pay any contribution to any Pension Plan, employment insurance, or federal and provincial withholding taxes, nor provide any other contributions or benefits, which might be expected in an employer-employee relationship on behalf of the Contractor. |
5.4 | The Contractor represents and warrants that the Contractor has the right to provide the Services required under this Agreement without violation of obligations to others and that all advice, information, documents and Services given or provided by the Contractor to the Corporation under this Agreement may be used fully and freely by the Corporation, unless otherwise so designated in writing by the Contractor at the time of communication of such information. |
6. | GENERAL |
6.1 | This Agreement cancels and supersedes any existing Agreement or other arrangement between the Corporation and the Contractor, and contains the entire Agreement and obligation between the parties with respect to its subject matter. No amendment to this Agreement will be valid or effective unless in writing and signed by both parties. |
6.2 | Each party hereto will promptly and duly execute and deliver to the other party such further documents and assurances and take such further action as such other party may from time to time reasonably request in order to more effectively carry out the intent and purpose of this Agreement and to establish and protect the rights and remedies created or intended to be created hereby. |
6.3 | No consent, approval or waiver, express or implied, by either party hereto, to or of any breach of default by the other party in the performance by the other party of its obligations hereunder shall be deemed or construed to be a consent or waiver to or of any other breach or default in the performance by such other party of the same or any other obligations of such other party or to declare the other party in default, irrespective of how long such failure continues, shall not constitute a general waiver by such party of its rights under this Agreement, and the granting of any consent or approval in any one instance by or on behalf of the Corporation shall not be construed to be a waiver or limit the need for such consent in any other or subsequent instance. |
6.4 | Any notice given or required to be given under this Agreement will be in writing and signed by or on behalf of the party giving it. Such notice may be served personally and in either case may be sent by priority post to the addresses of the parties noted on page one of this Agreement. Any notice served personally will be deemed served immediately, and if mailed by priority post will be deemed served 72 hours after the time of posting. |
6.5 | Any party may, from time to time, change its address for service hereunder by written notice to the other party in the manner aforesaid. |
6.6 | The Schedules attached hereto are hereby incorporated into this Agreement and form a part hereof. All terms defined in the body of this Agreement will have the same meaning in the Schedules attached hereto. |
6.7 | The headings of the Sections and Articles of this Agreement are inserted for convenience of reference only and will not in any manner affect the construction or meaning of anything herein contained or govern the rights or liabilities of the parties hereto. |
6.8 | Unless otherwise provided, all dollar amounts referred to in this Agreement are in US dollars. |
6.9 | If any part of this Agreement is determined by a court or tribunal of competent jurisdiction to be void or unenforceable for any reason whatsoever, then such part will be severed from this Agreement and will not affect the validity of the remainder of this Agreement. |
6.10 | The Contractor may not sell, assign or transfer any rights or interests created under this Agreement or delegate any of the Contractor’s duties without the prior written consent of the Corporation. |
6.11 | This Agreement will be governed by and interpreted and construed in accordance with the laws of the State of Nevada. |
6.12 | This Agreement will be to the benefit of and be binding on, as applicable, the respective heirs, executors, administrators, successors and permitted assigns of each of the parties. |
6.13 |
This Agreement may be executed in counterpart and such counterparts together shall constitute a single instrument. Delivery of an executed counterpart of this Agreement by electronic means, including by facsimile transmission or by electronic delivery in portable document format (“.pdf”), shall be equally effective as delivery of a manually executed counterpart hereof. The parties acknowledge and agree that in any legal proceedings between them respecting or in any way relating to this Agreement, each waives the right to raise any defense based on the execution hereof in counterparts or the delivery of such executed counterparts by electronic means.
|
6.14 | The Contractor acknowledges that this Agreement was prepared by counsel for the Corporation, who received instructions from the Corporation and do not represent the Contractor. As such, the Contractor acknowledges that: |
(a) | the Contractor has been requested to obtain his own independent legal advice on this Agreement prior to signing this Agreement; |
(b) | the Contractor has been given adequate time to obtain independent legal advice; |
(c) | by signing this Agreement, the Contractor confirms that he fully understands this Agreement; and |
(d) | if the Contractor signs this Agreement without first obtaining independent legal advice, by signing this Agreement without first obtaining such advice, the Contractor waives his right to obtain independent legal advice. |
|
|||
/s/ Arto Tavukciyan |
/s/ Gagik Melyan
|
||
Authorized Signatory/Corporation
|
Contractor
|
||
Arto Tavukciyan | Gagik Melyan | ||
South Eastern District | |||
Yerevan, Armenia |
1- | Manage all aspects of vineyard maintenance and harvest until the grape pressing phase; |
2- | Take weekly trips to the vineyard plot leased by Armeau Brands (via 365 Wines); |
3- | Analyse grape samples and provide reports for each analysis; |
4- | Evaluate according to a proven methodology the quantity of harvest yield for 2012; |
5- | Ensure all necessary treatments required to maintain the vineyard throughout the winter; |
6- | Study weather analyses in the area and record weather data on daily basis; |
7- | Assist in managing ground staff; |
8- | Provide overall bi-monthly reports, study icewine harvest manual, give feedbacks; |
9- | Manage and oversee the harvest according to specifications provided by Armeau Brands. |
WINE SERVICES AGREEMENT
|
ԳԻՆՈՒ ՊԱՏՐԱՍՏՄԱՆ ՀԵՏ ԿԱՊՎԱԾ ԾԱՌԱՅՈՒԹՅՈՒՆՆԵՐԻ ՄԱՏՈՒՑՄԱՆ ՊԱՅՄԱՆԱԳԻՐ
|
AN AGREEMENT made this
11
th
day of
October, 2011 (the “Effective Date”)
|
ՊԱՅՄԱՆԱԳԻՐ ստորագրված 2011թ. հոկտեմբերի 11-ին («Ուժի Մեջ Մտնելու Ժամկետ»)
|
BETWEEN
Armeau Brands Inc., headquartered at 1000 East William Street, suite 204, Carson City, NV 89701 USA (hereinafter Armeau)
|
Արմեո Բրենդս Ինք.-ի (կենտրոնական գրասենյակի հասցե՝ ԱՄՆ, Նևադա նահանգ, քաղաք Քարսոն, ԻՍԹ շենք 1000, սենյակ 204, փոստային ինդեքս 89701) (այսուհետ՝ «Արմեո») ԵՎ
|
AND
EDVAG Group of 40a Acharyan St., Yerevan 0075, Armenia
(hereinafter EDVAG). |
ԷԴՎԱԳ Գրուպի (հասցե՝ 40ա Աճառյանի փողոց, Երևան 0075, Հայաստան) (այսուհետ՝ «ԷԴՎԱԳ») միջև:
|
Whereas:
|
Հաշվի առնելով որ՝
|
a) Armeau Brands Inc., a Nevada Company wants to produce a Canadian-style Icewine in Armenia
;
|
a)
Արմեո Բրենդս ինք. Նևադայում գրանցված Ընկերությունը ցանկանում է Հայաստանում արտադրել կանադական ոճի սառցեգինի.
|
b) Armeau requires a service provider in Armenia who can manage and realize the entire winemaking process under the guidance and direction of Armeau and its technical contractor(s)
;
|
b)
Արմեոյին Հայաստանում անհրաժեշտ է ծառայություններ մատուցող, որը կարող է Արմեոյի և նրա տեխնիկական կապալառու(ներ)ի վերահսկողության և ուղղորդման ներքո կազմակերպել և իրագործել ողջ գինու պատրաստման գործընթացը.
|
c) EDVAG is a wholly managed winemaking company duly registered in Armenia and operating in the CIS and international markets
;
|
c)
ԷԴՎԱԳԸ-ը Հայաստանում պատշաճ գրանցված և ԱՊՀ ու միջազգային շուկաներում գործող ամբողջությամբ կառավարվող գինեգործական ընկերություն է
.
|
Armeau hereby engages EDVAG to perform the services described herein on the following terms and conditions:
|
Արմեոն սույնով ներգրավում է ԷԴՎԱԳ-ին կատարելու համար ստորև շարադրված ծառայությունները հետևյալ պայմաններով.
|
9.7 Non-Solicitation of Employees/Contractors. During the term of this Agreement and for a period of twelve (12) months immediately following the termination of this Agreement, EDVAG covenants and agrees that it will not, directly or indirectly, on its own behalf or on behalf of a third party:
|
9.7
Աշխատակիցներին/Կապալառուներին Չներգրավվելը։ Սույն Պայմանագրի գործողության ընթացքում և դրա դադարեցմանն անմիջապես հաջորդող տասներկու
(12)
ամիսների ընթացքում ԷԴՎԱԳ-ը պարտավորվում է և համաձայնվում է անմիջականորեն կամ անուղղակիորեն իր անունից կամ երրորդ կողմից անունից.
|
a)
hire or retain any employee or independent contractor of Armeau about whom EDVAG became aware in connection with providing the services or with whom EDVAG had contact in connection with the provision of services; or
|
a)
չվարձել և աշխատանքի չընդունել Արմեոյի որևէ աշխատակցի կամ անկախ կապալառուի, որի մասին ԷԴՎԱԳ-ը տեղեկացել է ծառայությունների մատուցման առնչությամբ կամ ում հետ ԷԴՎԱԳ-ը կապ է հաստատել ծառայությունների մատուցման կապակցությամբ, կամ
|
b)
contact, solicit or endeavour to entice away
|
b)
կապ հաստատել
,
խնդրել կամ փորձել հրապուրել
|
I.
any employee or independent contractor of Armeau about whom EDVAG became aware in connection with providing the Services or with whom EDVAG had contact in connection with the provision of Services, or
|
I.
Արմեոյի ցանկացած աշխատակցի կամ անկախ կապալառուի, որի մասին ԷԴՎԱԳ-ը տեղեկացել է
ծառայությունների մատուցման առնչությամբ կամ ում հետ ԷԴՎԱԳ-ը կապ է հաստատել ծառայությունների մատուցման կապակցությամբ
,
կամ
|
3.
Harvest.
|
3.
Բերքահավաք։
|
$1200 per hectare
|
1200
ԱՄՆ դոլար
հեկտարի համար
|
All personnel, materials, grape boxes and transportation
|
Ողջ անձնակազմը, նյութերը, խաղողը, տուփերը և փոխադրումը
|
4.
Full Production to bottling stage
|
4.
Ամբողջական արտադրանքը մինչև շշալցման փուլը
|
For all batches
$500/ton
|
Բոլոր բաժինների համար 500 ԱՄՆ դոլար/տոննա
|
Invoiced (Terms 30 days EOM)
|
Վճարումը՝ հաշիվ ապրանքագրի հիման վրա
(
մինչև վճարման կարգադրությունը ներկայացնելուն հաջորդող ամսվա վերջին օրը
)
|
5.
Storage Price
|
5.
Պահպանման հետ կապված ծախսերը
|
Cost of $0.025 per litre per month calculated on expected final volume
|
Ամսեկան
0.025
ԱՄՆ դոլար մեկ լիտրի համար հաշվարկված ակնկալվող վերջնական ծավալով
|
Payable
Monthly on invoice (30 days)
|
Վճարման ենթակա է ամեն ամիս ըստ հաշիվ ապրանքագրի ներկայացման
(30
օրվա ընթացքում
)
|
6.
Icewine Care and Materials
|
6.
Սառցեգինու խնամք և նյութեր
|
Icewine care at $0.025/litre per month based on expected final volume. Any materials used outside “standard icewinemaking additive”, as listed, to be charged at cost plus 10%.
|
Սառցեգինու խնամք ամսեկան
0.025
ԱՄՆ դոլար/լիտր դրույքաչափով՝ հիմնված ակնկալվող վերջնական ծավալի վրա։ Ցանկացած նյութի համար, որը դուրս է շարադրված «սովորական սառցեգինու պատրաստման հավելումների» շարքից, կգանձվի արժեքը գումարած 10%։
|
Payable
Monthly on invoice (30 days)
|
Վճարման ենթակա է ամեն ամիս ըստ հաշիվ ապրանքագրի ներկայացման
(30
օրվա ընթացքում
)
|
7.
Bottling & Labelling
|
7.
Շշալցում և պիտակավորում
|
EXECUTED on the date referred to at the commencement of this Agreement.
|
ՍՏՈՐԱԳՐՎԱԾ Է Պայմանագրի սկզբում նշված ամսաթվին։
|
SIGNED by EDVAG GROUP
|
ՍՏՈՐԱԳՐՎԱԾ ԷԴՎԱԳ ԳՐՈՒՊ-ի կողմից
|
Vahagn Gevorgyan, CEO
/s/ Vahagn Gevorgyan
|
Վահագն Գևորգյան, գործադիր տնօրեն
/s/ Vahagn Gevorgyan
|
40a Acharyan St., Yerevan 0075, Armenia in the presence of Witness
։ ...
|
40ա Աճառյանի փողոց, Երևան 0075, Հայաստան, վկա ...-ի ներկայությամբ։
|
SIGNED by Armeau Brands Ltd.
|
ՍՏՈՐԱԳՐՎԱԾ Արմեո Բրենդս ինք.-ի կողմից
|
Arto Tavukciyan, CEO
1000 East William Street, suite 204, Carson City, NV
89701 USA
/s/ Arto Tavukciyan
|
Արտո Թավուկչիյան, գործադիր տնօրեն
ԱՄՆ, Նևադա նահանգ, քաղաք Քարսոն, ԻՍԹ շենք 1000, սենյակ 204, փոստային ինդեքս 89701
/s/ Arto Tavukciyan
|
· | Starting with the delivery of grapes to Getnatoun Winery, advise Getnatoun’s winemaking staff on the implementation of the steps outlined in the Winemaking Production Instructions, produced earlier. |
· | Consultation to Getnatoun to occur by e-mail or occasional telephone conference call. Hrach Kaspar will be available to translate. |
· | The consultation will take the wine from grapes through pressing, fermentation, fining, stabilization and filtration. |
· | Travel to Armenia during the second week of February, 2012. Interpreter will be provided by the client, if necessary. Expected length of travel is one week. |
· | Attend daily at Getnatoun Winery for a period of a week to personally oversee the progress of the fermentation, help with necessary lab tests, and to advise on corrective measures needed. |
· | Meet with Getnatoun staff to answer any questions, and to demonstrate the steps needed to guide the wine through fermentation and finishing. |
· | Give regular technical and descriptive data to project owner. |
· | Research best bottling facility options (Getnatoun, 365 Wines, etc) |
· | Meet with Vahik of 365 Wines to discuss any processing issues, and to obtain samples for blending trials. |
· | Conduct basic bench trials for possible Icewine Blends. |
· | After return to Canada, continue to monitor fermentation and wine analysis results, and advise on finishing steps and their timing. |
· | Write brief report on the results of trip, meetings held, and the results of the bench trials. |
· | Lay out next steps (selection of bottling facility, packaging choices, product development) |
· | printing or copying of documents |
· | delivery, courier, Parcel Post or similar charges |
· | internet and telephone charges incurred while traveling and working on behalf of the client |
· | travel, accommodation, and meal costs not covered by the client, as necessary to perform outlined duties |
· | necessary lab tests |
· | Regular reports on vinification progress, and state of Icewine |
· | Meeting with Getnatoun staff and instructions on winemaking steps |
· | Meeting with Vahik of 365 Wines |
· | Report on initial blending trials |
· | The Scope of Work is scheduled to occur starting on January 21, 2012. |
· | The travel to Armenia will occur between the dates of February 12 and February 23, 2012 |
· | The Client understands that IMBIBEdesign has other clients and ongoing projects, which will make demands on IMBIBEdesign resources during the time frame that this work will occur. |
· | This proposal is valid until February 3, 2012. |
· | No warranty or representation, expressed or implied, is included or intended in our proposals, contracts, plans, recommendations or reports. The Client shall hold IMBIBEdesign harmless in and from all claims, liabilities, damages and detriments not arising from the IMBIBEdesign’s actual negligence or malfeasance. |
· | Armeau Brands agrees not to use IMBIBEdesign’s name, or Tilman Hainle’s name in any publicity connected to the Armenian Icewine project, until IMBIBEdesign and Armeau Brands have reached an agreement regarding that use. |
· | IMBIBEdesign will assume that data, information and work supplied by the Client, and the winery partners is complete, accurate and suitable. |
· | The retainer will be held by IMBIBEdesign , and applied to the final invoice related to this Scope of Work. |
· | IMBIBEdesign ’s invoices are due on receipt. A financing charge of 1.5% per month will apply to unpaid balances after 30 days from the date of invoice. |
· | Either party upon thirty days written notice may terminate this agreement. |
· | This agreement may be terminated upon seven days written notice should the other party fail substantially to perform in accordance with its terms, through no fault of the party initiating the termination. |
· | Termination can occur at any point in the process, and the Client will be required to pay for services completed at the point of termination. |
· | This stage of the project takes the Icewines through to “ready for bottling” status. During the Armenian visit, we will assess the suitability of the bottling facilities. The hope is that either Getnatoun or 365 Wines (or another winery) will be able to complete the kind of critical sterile bottling procedure necessary for a wine with residual sweetness. If this is not the case, we will need to investigate further. |
· | Leading up to the bottling process, packaging decisions will need to be made, in conjunction with the marketing plan, and the branding of the product. While these are outside of this scope of work, IMBIBEdesign has a great deal of experience in this field, and would be pleased to advise on this. |
· | The preliminary blending trials to be conducted in Armenia (included in the scope of work) are meant to give Armeau Brands an indication of what kind of Icewine-related products may be most promising. Further work will be needed once the Icewine is finished and stabilized, and Armeau Brands has identified which kinds of products it would like to pursue. |
Company
|
Distributor: Alpha Food Services
|
||
By /s/ Cassandra Tavukcian
|
By /s/ Aleksandr Petrosyan
|
||
Title CEO
|
Title General Director
|
· | honest and ethical conduct, including the ethical handling of actual or apparent conflicts of interest between personal and professional relationships; |
· | full, fair, accurate, timely and understandable disclosure in all reports and documents that the Corporation files with, or submits to, the Securities and Exchange Commission (“SEC”) and in other public communications made by the Corporation that are within the Senior Officer’s area of responsibility; |
· | compliance with applicable governmental laws, rules and regulations; |
· | the prompt internal reporting of violations of the Code; and |
· | accountability for adherence to the Code. |
1. | act with integrity, including being honest and candid while still maintaining the confidentiality of information when required or consistent with the Corporation’s policies; |
2. | avoid violations of the Code, including actual or apparent conflicts of interest with the Corporation in personal and professional relationships; |
3. | disclose to the Board or the Audit Committee any material transaction or relationship that could reasonably be expected to give rise to a breach of the Code, including actual or apparent conflicts of interest with the Corporation; |
4. | obtain approval from the Board or Audit Committee before making any decisions or taking any action that could reasonably be expected to involve a conflict of interest or the appearance of a conflict of interest; |
5. | observe both the form and spirit of laws and governmental rules and regulations, accounting standards and Corporation policies; |
6. | maintain a high standard of accuracy and completeness in the Corporation’s financial records; |
7. | ensure full, fair, timely, accurate and understandable disclosure in the Corporation’s periodic reports; |
8. | report any violations of the Code to the Board or Audit Committee; |
9. | proactively promote ethical behaviour among peers in his or her work environment; and |
10. | maintain the skills appropriate and necessary for the performance of his or her duties. |
1. | familiarize himself or herself with the disclosure requirements generally applicable to the Corporation; |
2. | not knowingly misrepresent, or cause others to misrepresent, facts about the Corporation to others, including the Corporation’s independent auditors, governmental regulators, self-regulating organizations and other governmental officials; |
3. | to the extent that he or she participates in the creation of the Corporation’s books and records, promote the accuracy, fairness and timeliness of those records; and |
4. | in relation to his or her area of responsibility, properly review and critically analyse proposed disclosure for accuracy and completeness. |
1. | notify the Corporation of any existing or potential violation of this Code, and failure to do so is itself a breach of the Code; and |
2. | not retaliate, directly or indirectly, or encourage others to do so, against any Employee for reports, made in good faith, of any misconduct or violations of the Code solely because that Employee raised a legitimate ethical issue. |