8-K

Authentic Holdings, Inc. (AHRO)

8-K 2023-07-10 For: 2023-07-07
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Added on April 06, 2026

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 8-K

CURRENT REPORT

Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934

Date of Report (Date of earliest event reported): July 7th 2023

Authentic Holdings, Inc.
(Exact name of registrant as specified in its charter)
Nevada 000-52047 11-3746201
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(State or Other jurisdiction<br><br>Of Incorporation) (Commission<br><br>File Number) (I.R.S Employer<br><br>Identification Number)

50 Division Street, Suite 501, Somerville, NJ., 08876

(Address of Principal Executive Offices) (Zip Code)

732-695-4389

(Registrant s telephone number, including area code)

N/A

(Former name or former address, if changed since last report)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

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))

Section 8 - Other Events.

Item 8.01 Other Events.

The registrant may, at its option, disclose under this Item 8.01 any events, with respect to which information is not otherwise called for by this form, that the registrant deems of importance to security holders. The registrant may, at its option, file a report under this Item 8.01 disclosing the nonpublic information required to be disclosed by Regulation FD (17 CFR 243.100 through 243.103).


Item 9.01 Financial Statements and Exhibits.

(a) Financial statements of businesses acquired.
(b) Pro forma financial information.
(c) Shell company transactions.
(d) Exhibits.
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Index to Exhibits

EXHIBIT 1.01 Letter of Intent to Form Joint Venture
EXHIBIT 104 Cover Page Interactive Data File (embedded within the Inline XBRL Document)
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Signatures

Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned, hereunto duly authorized.

Authentic Holdings, Inc
Date: July 10th, 2023 By: /s/ Chris H. Giordano
President
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Exhibit No. Description
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1.01 Letter of Intent to Form Joint Venture
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ahro_ex101.htm EXHIBIT 1.01

July 7^th^, 2023

InvenTel.tv LLC

Mr. Yasir Abdul

200 Forge Way

Rockaway, NJ 07866

Non-Binding Letter of Intent

Gentlemen:

We have had several discussions with Inventel.tv LLC, concerning the launch of two dedicated 24-hour shopping channels on the Maybacks Television Network. We have included a non-binding term sheet as an addendum seen in Exhibit A to which are to be negotiated terms and finalized over the coming week(s). During that period of time Maybacks will reserve the two channels while a definitive agreement is finalized between our companies.

General Terms

  1. Upon the execution of this letter of intent (“LOI”), the parties shall use their best efforts to negotiate and execute definitive documents (which may take the form of a joint venture agreement or marketing agreement within no more than 30 days after the execution of this LOI (the “Transaction Documents”). The Transaction Documents shall contain representations and warranties that are customary for the type and nature of the transaction being undertaken.

  2. Each party agrees that for a period of 30 days after the execution of this LOI (unless UEDI and DLTA have mutually terminated their negotiations), it will not enter or entertain any transaction that would materially interfere with or affect its ability to consummate the transactions contemplated hereby.

  3. Each party shall bear its own expenses with respect to the Transaction Documents, including legal fees, accounting fees, filing fees and other costs.

  4. The execution of definitive Transaction Documents shall be subject to the satisfaction on the part of each of the parties. The parties acknowledge that such documents, records, and information may constitute trade secrets and accordingly agree to treat such information as confidential and not to be disclosed to any third parties. In this regard, the parties hereto agree to enter into a nondisclosure and non-solicitation agreement (‘‘NDA”) reasonably proposed by either party hereto upon or following the execution hereof.

  5. Until the execution and delivery of definitive Transaction Documents, or such earlier date as negotiations may terminate, each of BI and FF shall conduct its business only in the normal and ordinary course. Without the prior written consent of the other party, neither party shall engage in any transaction which would have a material effect on the business, operations, assets, financial condition, or prospects of the party.

  6. The parties hereto agree that, for a period of 30 days from the date of this LOI, they will not enter into any agreement (written or oral) or engage in any negotiations (either directly or indirectly) with any party other than each other with regard to the transactions contemplated herein. Henceforth the use of subcontractors is not contemplated at this time.

  7. The foregoing is an expression of intent and is not binding upon the parties hereto, except for the provision in paragraph 3 and paragraph 4 and, the payment of expenses provision in paragraph 3, the confidentiality provisions in paragraph 7 and paragraph

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  1. If you are in agreement with the foregoing, please sign this LOI in the space provided below and return it to the undersigned.

ACCEPTED AND AGREED TO THIS 7TH DAY OF JULY 2023

/s/ Mr. Yasir Abdul /s/ Chris H Giordano

| Chief Executive Officer | Chris H Giordano |

| Inventel. TV LLC | President/Chairman |

| | Authentic Holdings, Inc. | | | /s/ Chris H Giordano |

| | Name: Chris H Giordano |

| | Title: President |

| | Maybacks Television Network |

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EXHIBIT A

TERM SHEET

A. Deliverables on the part of Maybacks Global Entertainment, LLC

  1. Two dedicated channels on its streaming platform at zero cost to Inventel Products

  2. Access to Maybacks OTA channels and channel relationships at prices yet to be negotiated.

B. Deliverables on the part of Inventel Products, Inc

  1. A negotiated royalty on sales via the channels provided by Maybacks.

  2. An equity stake in the two channels

  3. Quarterly distribution of royalties

  4. Annual distribution of profits to the negotiated equity stake

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