NEVADA
|
333-156059
|
27-2636716
|
(State or Other Jurisdiction
of Incorporation)
|
(Commission
File Number)
|
(IRS Employer
Identification No.)
|
¨
|
Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
|
¨
|
Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
|
¨
|
Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
|
¨
|
Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
|
Item 1.01
|
Entry into a Material Definitive Agreement
|
a)
|
Workspace in Van Nuys facility
|
|
● |
Client will have full access to Power Brands including designated work area with desktop or laptop computer, phone (service plan to be covered by Client), and access to printer, fax, scanner, and all necessary office equipment.
|
|
b) |
Two (2) meetings per week with CEO and COO
|
|
c) |
Advanced Financial Services
|
|
● |
Power Brands CFO will develop necessary P&L, Cash Flow, and Balance Sheet documents
|
|
● |
Power Brands CFO will setup Clients books in QuickBooks software
|
|
● |
Power Brands will manage and report Client financials on a weekly basis
|
|
d) |
Advanced production advice and management
|
|
● |
Power Brands team will manage Client’s full-scale manufacturing process
|
|
● |
Power Brands will manage ordering raw materials, invoicing, delivery, and finished goods logistics (freight and warehousing)
|
|
e) |
Strategic Sales and Marketing plan and management
|
|
● |
Power Brands will create a brand specific sales and marketing plan based on the brand’s demographic and geographic targets and Client budget.
|
|
● |
Power Brands will manage Client’s sales person(s)
|
|
● |
Power Brands will design Client sell sheet and Point of Sale material including posters, suction racks, static clings, coolers, etc.
|
|
● |
Power Brands will establish appropriate sales and marketing budgets based on scope of overall project and with Client approval.
|
|
● |
Power Brands will set sales objectives and metrics.
|
|
● |
Power Brands will develop an impactful and cost effective rollout marketing campaign.
|
|
● |
Power Brands will provide a detailed weekly report to Client on sales progress (number of stores, velocity)
|
|
● |
Number of sales representatives will vary based on Client’s budget
|
|
● |
Additional sales representatives will incur additional cost
|
|
f) |
Retail and Distributor activation
|
|
● |
Power Brands will create Retailer and Distributor presentations based on Client’s brand demographic and geographic targets.
|
|
● |
Power Brands will identify correct retail and distributor partners
|
|
● |
Power Brands will actively participate in key account buyer meetings.
|
|
● |
Power Brands will work directly with sales personnel to secure sales meetings and ultimately shelf space.
|
|
●
|
Client will pay $10,000 to POWER BRANDS on the first of every month for the duration of this contract.
|
|
●
|
Client will pay POWER BRANDS $10,000 retainer upon signing of this agreement.
|
Dated: 6/18/2013
|
MINERCO RESOURCES, INC.
|
|
By:
|
/s/ John Powers
|
|