Item 1.01 Entry into a Material Definitive Agreement.
On December 13, 2021, Max Sound Corporation (the "Company") entered into an
Exclusive Sales, Marketing and Distribution Partnership Agreement (the
"Agreement") to work in an enterprise known as InGroundAssets™
("InGroundAssets™") in partnership with Jose Ignacio Natera Ramirez ("Nacho").
The Agreement stipulates that Nacho grants the Company the Exclusive Rights to
Specific Holdings that Nacho Owns or Controls of certain InGroundAssets™ being
harvested in Mexico. These assets are specified in Addendum A of the Agreement,
confirming that the Company is herewith Granted the Sole and Exclusive Rights to
Sell, Market and Distribute These Assets according to the goals of the
partnership and pursuant to this agreement. In exchange, the Company is granting
to Nacho 300 million shares of MAXD Common Stock. These InGroundAssets™ are
valued according to a Technical Report specified under Addendum B of the
Agreement.
Item 8.01. Other Events.
On December 14, 2021, the Company issued a press release announcing that it had
entered into an Exclusive Sales, Marketing and Distribution Partnership
Agreement. A copy of the press release is attached hereto as Exhibit 99.1.
ITEM 9.01. License Agreement & Exhibits.
(c) Exhibits
10.1 Exclusive Sales, Marketing and Distribution Partnership Agreement, dated
December 13, 2021
99.1 Press Release, dated December 14, 2021
104 Cover Page Interactive Data File (embedded within the Inline XBRL document)
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