Ecomax ceases to be shell company after entering supplement distribution agreements and generating initial sales

Ecomax, Inc

Bought 10,000 bottles of Rocitin NMN supplement at HK$500 each from Rocitin; initial 2,000 bottles shipped.
Sold ~1,000 bottles generating gross revenue of ~HK$674,000 (~$85,600); expects ~HK$87,000 (~$11,050) profit share.
Entered Distributor Agreement for Hong Kong, Macau, Taiwan, and China; profit split 50/50.
Payment for remaining 8,000 bottles due within 45 days of invoice.
Company no longer qualifies as shell company per Rule 12b-2 due to substantial business operations.

Key facts

Extracted from this filing and checked against the source text.

Governance Changes SEC 8-K Item 5.03/5.05/5.06 confidence 0.9

Ecomax, Inc: Company ceased being a shell company due to entering into material agreements and commencing substantial business operations.

Change: shell status

Exact text from the filing

Since the Company has entered into the Sale Agreement and the Distributor Agreement and commenced substantial business operations, accordingly, the Company no longer meets the definition of a shell company as defined in Rule 12b-2 and thus ceased being a shell company.

View on SEC.gov

Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

Ecomax, Inc entered into Distributor Agreement with Rocitin Company Limited (effective 2023-03-01).

Action: entry
Agreement: supply
Counterparty: Rocitin Company Limited
Effective: 2023-03-01

Exact text from the filing

EX-10.2 3 ex10-2.htm Exhibit 10.2 DISTRIBUTOR AGREEMENT This Distributor Agreement (“Agreement”) is made and effective on this, the 1 st day of March , 2023 , by and between Ecomax, Inc., a Nevada corporation having offices at 45 Rockefeller Plaza Ste 2338, New York, NY 10111, United States of America (“Company”) and Rocitin Company Limited , a Hong Kong Corporation with its principal place of business at Unit 2508-09 25/F, Shun Tak Centre West Tower, 168-200 Connaught Road Central, Sheung Wan, Hong Kong, (“Distributor”).

View on SEC.gov

Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

Ecomax, Inc entered into Sale of Goods Agreement with Rocitin Company Limited valued at HK$1,000,000 (effective 2023-02-15).

Action: entry
Agreement: supply
Counterparty: Rocitin Company Limited
Value: HK$1,000,000
Effective: 2023-02-15

Exact text from the filing

EX-10.1 2 ex10-1.htm Exhibit 10.1 Sale of Goods Agreement This contract for the sale of goods is entered into as of the 15 th day of February, 2023, by and between Rocitin Company Limited, a Hong Kong Corporation with its principal place of business at Unit 2508-09, 25/F, Shun Tak Centre West Tower, 168-200 Connaught Road Central, Sheung Wan, Hong Kong (the “Seller”), and Ecomax, Inc, a Nevada corporation having offices at 45 Rockefeller Plaza Ste 2338, New York, NY 10111, United States of America (the “Buyer”).

View on SEC.gov

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Source: SEC EDGAR

accession 0001493152-23-008536

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