Item 1.01 Entry into a Material Definitive Agreement.
On January 3, 2023, we entered into a Distribution Agreement with Ming Mei
Technology Co. Ltd ("Distributor") to distribute the INVOcell system to Taiwan
(ROC) under which Distributor was appointed as the exclusive distributor in
Taiwan (ROC). We can elect to terminate Distributor's exclusivity upon its
failure to meet certain purchase targets, in our sole discretion. The agreement
is for a term of one year and automatically renews for additional one-year terms
unless either party provides ninety days prior written notice of non-renewal in
advance of the then current termination date. We also granted Distributor an
exclusive right to the INVO trademarks in Taiwan (ROC) in connection with the
sale of products in Taiwan (ROC).
The foregoing summary of the Agreement does not purport to be complete and is
qualified in its entirety by reference to the full text of the agreement, a copy
of which is filed as Exhibit 10.1 hereto and incorporated herein by reference.
Item 8.01 Other Events.
On January 5, 2023, we issued a press release titled "INVO Bioscience Enters
Distribution Agreement for Taiwan." A copy of the press release is filed hereto
as Exhibit 99.1 and is incorporated herein by reference.
Item 9.01 Financial Statements and Exhibits
(d) Exhibits.
Exhibit No. Exhibit
10.1* Distribution Agreement with Ming Mei Technology Co. Ltd.
99.1 Press release dated January 5, 2023
104 Cover Page Interactive Data File (embedded within the XBRL document)
* Certain confidential portions of this exhibit have been redacted from the
publicly filed document because such portions are (i) not material and (ii)
would be competitively harmful if publicly disclosed.
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