Attached files
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): October 12, 2011
STEVIA CORP.
(Exact Name of Registrant as Specified in its Charter)
Nevada 333-152365 98-0537233
(State or Other Jurisdiction (Commission (IRS Employer
of Incorporation) File Number) Identification No.)
7117 US 31 S Indianapolis, IN 46227
(Address of Principal Executive Office) (Zip Code)
(888) 250-2566
(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 (see General Instruction A.2 below):
[ ] 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))
SECTION 1 - REGISTRANT'S BUSINESS AND OPERATIONS
ITEM 1.01 ENTRY INTO A MATERIAL DEFINITIVE AGREEMENT.
On October 12, 2011, Stevia Corp. (the "Company") issued a press release
announcing that it had entered into an Agribusiness Development Agreement (the
"Agreement") with Agro Genesis Pte. Ltd., a corporation organized under the laws
of Singapore ("AGPL"), with an effective date of July 16, 2011.
Under the terms of the Agreement, the Company will engage AGPL to be the
Company's technology provider consultant for stevia propagation and cultivation
in Vietnam, and potentially other countries. AGPL will be tasked with developing
stevia propagation and cultivation technology in Vietnam, recommend quality
agronomic programs for stevia cultivation, harvest and post harvest, alert
findings on stevia propagation and cultivation that may impact profitability and
develop a successful model in Vietnam that can be replicated elsewhere (the
"Project"). The Project will be on-site at the Company's stevia fields in
Vietnam and will have a term of at least two years. For its services, AGPL could
receive a fee of up to 275,000 Singapore dollars, plus related expenses
estimated at USD $274,000. Additionally, the Company will be AGPL's exclusive
distributor for AGPL's g'farm system (a novel crop production system) for stevia
growing resulting from the Project. AGPL will receive a commission of no less
than 2% of the price paid for crops other than stevia, from cropping systems
that utilize the g'farm system resulting from the Project. All
technology-related patents resulting from the Project will be jointly owned by
AGPL and the Company, with the Company holding a right of first offer for the
use and distribution rights to registered patents resulting from the Project.
The foregoing description is qualified in its entirety by reference to the
Agreement, a copy of which appears as Exhibit 10.1 to this Form 8-K and is
incorporated by reference to this Item 1.01.
SECTION 8 - OTHER EVENTS
ITEM 8.01 OTHER EVENTS.
On October 12, 2011, the Company issued a press release announcing the
execution of the Agreement. A copy of the press release is attached to this
report as Exhibit 99.1 and is incorporated herein by reference.
2
SECTION 9 - FINANCIAL STATEMENTS AND EXHIBITS
ITEM 9.01 FINANCIAL STATEMENTS AND EXHIBITS.
(d) Exhibits
Exhibit
No. Description
--- -----------
10.1 Agribusiness Development Agreement, dated July 16, 2011
99.1 Press release dated October 12, 2011
The information set forth in Exhibit 99.1 attached hereto is furnished and shall
not be deemed "filed" for purposes of Section 18 of the Securities Exchange Act
of 1934, and shall not be deemed incorporated by reference in any filing with
the Securities and Exchange Commission under the Securities Exchange Act of 1934
or the Securities Act of 1933, whether made before or after the date hereof and
irrespective of any general incorporation by reference language in any filing.
Portions of this report constitute "forward-looking statements" defined by
federal law. Although the Company believes any such statements are based on
reasonable assumptions, there is no assurance that the actual outcomes will not
be materially different. Any such statements are made in reliance on the "safe
harbor" protections provided under the Private Securities Litigation Reform Act
of 1995. Additional information about issues that could lead to material changes
in the Company's performance is contained in the Company's filings with the
Securities and Exchange Commission and may be accessed at www.sec.gov.
3
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.
Date: October 18, 2011 STEVIA CORP.
By: /s/ George Blankenbaker
------------------------------------
George Blankenbaker
President
4
