Item 1.01 Entry into a Material Definitive Agreement.
On January 25, 2021, Tauriga Sciences, Inc. (OTCQB stock symbol: TAUG, the
"Company") announced that it has entered into a distribution agreement (the
"Distribution Agreement") with Stock Up Express, a division of Bozzuto's Inc.,
distributor that generates more than $3 Billion in annual sales, and which is
based in Connecticut. The Agreement is effective February 1, 2021, and shall
remain in effect for a period of two (2) years thereafter, with automatic
renewal for additional successive one (1) year terms.
Under terms of the Distribution Agreement, Stock Up Express will market and
resell the Company's flagship brand, Tauri-Gum™, to its customer base of
wholesale and retail customers in the mainland United States. The two companies
will jointly market Tauri-Gum™ to Stock Up Express' customer base. The Agreement
allows for modification of product offerings, and the Company expects to offer
additional product items over the course of calendar year 2021.
The foregoing description of the Distribution Agreement does not purport to be
complete and is qualified in its entirety by reference to the Distribution
Agreement, which is filed as exhibits 10.1 to this Current Report, and is
incorporated herein by reference.
Item 8.01 Other Events.
On January 25, 2021, the Company issued a press release announcing that it had
entered into the Distribution Agreement. The information set forth in this Item
8.01, and the press release annexed hereto as Exhibit 99.1, is being furnished
and shall not be deemed "filed" for purposes of Section 18 of the Securities
Exchange Act of 1934, as amended (the "Exchange Act"), nor shall the information
in this Item 8.01 or such press release be incorporated by reference in any
filing under the Securities Act of 1933, as amended, or the Exchange Act, except
as shall be expressly set forth by specific reference in such a filing.
Item 9.01 Exhibits Statements and Exhibits
(d) Exhibits
Exhibit
Number Description
10.1 Distribution Agreement between Stock Up Express, a division of
Bozzuto's Inc., and Tauriga Sciences, Inc., effective February 1,
2021
99.1 Press release, dated January 25, 2021
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