|
Quotes & Info
|
| GLOB.OB > SEC Filings for GLOB.OB > Form 8-K on 21-Sep-2009 | All Recent SEC Filings |
21-Sep-2009
Entry into a Material Definitive Agreement, Financial Statements and
On September 15, 2009, Inlog S.A. ("Inlog"), a subsidiary of Global Med Technologies, Inc. ("Global Med"), entered into a binding letter of intent (the "LOI") with VerlDentia, S.L. ("VerlDentia") and certain shareholders of VerlDentia pursuant to which VerlDentia agreed, subject to the terms of the LOI, that Inlog would be the exclusive distributor of VerlDentia's VerlDhemos Products (as defined in the LOI) in the United States, Canada, European Union (subject to certain specified exceptions), Middle East, Asia, Japan, Brazil and certain other countries agreed to pursuant to the terms of the LOI. The LOI, among other things, provides that Inlog would have the right to purchase either the assets or capital stock of VerlDentia on the same terms and conditions of a bona fide offer by a third party and that Inlog would have an option to purchase either the assets or capital stock of VerlDentia pursuant to certain specified terms. Inlog and VerlDentia agreed that they would enter into a definitive agreement on or before January 31, 2010 or such other date as agreed to between Inlog and VerlDentia. The parties further agreed that if such definitive agreement has not been executed by January 31, 2010 then a definitive agreement based on the terms specified in the LOI would become immediately effective and any ancillary terms not specified in the LOI would be determined by an amicable third party.
The foregoing description of the terms of the LOI is not complete and is qualified in its entirety by reference to the LOI, a copy of which is attached as Exhibit 10.107 to this Current Report on Form 8-K and incorporated herein by reference.
(a) Not applicable
(b) Not applicable
(c) Not applicable
(d) Exhibits.
10.107 Binding Letter of Intent dated September 15, 2009 between Inlog S.A. and VerlDentia, S.L.
|
|