Attached files
| file | filename |
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| EX-10.1 - BRAND NEUE CORP | v187824_ex10-1.htm |
| EX-99.1 - BRAND NEUE CORP | v187824_ex99-1.htm |
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): June 9,
2010
BRAND
NEUE CORP.
(Exact
Name of Registrant as Specified in Charter)
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Nevada
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000-53318
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98-0560939
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(State
or other jurisdiction
of
incorporation)
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(Commission
File Number)
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(IRS
Employer
Identification
No.)
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105
S.E. Executive Drive, Suite 13
Bentonville,
Arkansas
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72712
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(Address
of Principal Executive Offices)
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(Zip
Code)
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Registrant’s
telephone number, including area code: (479) 845-0109
(Former
name or Former Address, if Changed Since Last Report.)
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 (see General Instruction A.2. below):
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¨
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Written
communications pursuant to Rule 425 under the Securities Act (17 CFR
230.425)
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¨
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Soliciting material pursuant to
Rule 14a-12 under the Exchange Act (17 CFR
240.14a-12)
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¨
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Pre-commencement communications
pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR
240.14d-2(b))
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¨
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Pre-commencement communications
pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR
240.13e-4(c))
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Section
1 - Registrant’s Business and Operations
Item
1.01 Entry into a Material Definitive
Agreement.
On June
1, 2010, Brand Neue Corp. (the “Company”) entered into a Contract (the
“Contract”) with Luma Vue, Inc. (“Luma”) to become the exclusive distributor of
Luma advanced LED lighting products and lighting systems in North America. The
initial term of the Contract is for one year (the “Initial Term”) and the term
of the Contract will automatically renew for additional one year terms, provided
that after the Initial Term, either party has the right to terminate the
contract, with just cause, upon ninety days prior written notice to the other.
Under the terms of the Contract, the Company will assume responsibility for all
standing purchase orders and active and prospective customer accounts. The
Contract provides that the Company and Luma will equally split any profits above
Luma’s quoted price to the Company for the products. Additionally, pursuant to the terms of
the Contract, the Company will provide Luma a $500,000 line of credit on
purchase orders to be used for Luma’s inventory needs directly related to
purchase orders, which will be secured by a first lien on Luma’s inventory and
products financed by such line of credit. According to the Contract, Luma will
repay outstanding debt under the line of credit for the cost of goods sold as
sales proceeds are received per purchase order for products financed under the
line of credit. The Contract also provides that upon entry into the Contract,
the Company will purchase $250,000 of Luma’s current inventory selected by the
Company, and the terms of payment will be $200,000 as of the signing date of the
Contract and $50,000 seven business days from the signing date of the
Contract.
The form
of Contract is attached to this report as Exhibit 10.1 and the terms and
conditions are incorporated herein. The foregoing statements are not intended to
be a complete description of all terms and conditions.
On June
8, 2010, the Company issued a press release announcing the execution of the
Contract. A copy of the press release is attached hereto as
Exhibit 99.1 and is incorporated herein by reference. The press
release should be read in conjunction with the note regarding forward-looking
statements, which is included in the text of the press release.
Section
9 - Financial Statements and Exhibits
Item
9.01 Financial Statements and
Exhibits.
(d) Exhibits
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Exhibit
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No.
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Description
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10.1
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Contract
dated June 1, 2010, by and between Brand Neue Corp. and Luma Vue,
Inc.
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99.1
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Press
release dated June 8, 2010, issued by Brand Neue
Corp.
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SIGNATURE
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.
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BRAND
NEUE CORP.
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Date:
June 9, 2010
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By:
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/s/Adi
Muljo
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Adi
Muljo
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Chief
Executive Officer
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(Duly
Authorized
Officer)
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