secwatch.observer — SEC 8-K summary
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Issuer:     SCIENTIFIC ENERGY, INC (—)
CIK:        0001276531
Form:       8-K
Filed at:   2024-03-27T23:59:59+00:00
Accession:  0001276531-24-000004
Event type: other_material
Sentiment:  neutral
Materiality: 0.60
Item codes: 1.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Scientific Energy amends graphite ore supply agreement; payment in stock, no advance payments
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- Amended agreement eliminates advance payments; payment now made after manufacturing graphite products from the ore.
- Fixed price of $200 per metric ton of refined graphite powder output; covers mining and transport to Tamatave facility.
- Payment in common stock at $0.50 per share, issued quarterly within 90 days of each settlement.
- Term ends March 30, 2025; Supplier to provide ore for up to 100,000 tons of refined powder with >95% carbon content.
- Parties will discuss renewal 30 days before expiration; price is output-based, not input-based.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1276531/000127653124000004/0001276531-24-000004-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1276531/000127653124000004/8-kamendedgraphiteagre.htm
  HTML page:      https://secwatch.observer/filing/0001276531-24-000004

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