UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 1-U
CURRENT REPORT
Pursuant Regulation A of the Securities Act of 1933
October 1, 2021
(Date of Report (Date of earliest event reported))
OLIVE TREE PEOPLE, INC.
(Exact name of registrant as specified in its charter)
California | 84-3377991 |
(State or other jurisdiction of incorporation) | (IRS Employer Identification No.) |
2425 Olympic Blvd. #4000W, Santa Monica, CA | 90404 |
(Address of principal executive offices) | (ZIP Code) |
+1-424-252-4251
(Registrant’s telephone number, including area code)
Common Stock
(Title of each class of securities issued pursuant to Regulation A)
Item 9. | Other Events |
Addendum to Regulation A+ Engagement Agreement with Rialto
On October 1, 2021, Olive Tree People, Inc. (the “Company”) and Rialto Markets LLC (“Rialto”) entered into an Addendum (the “Addendum”) to the Regulation A+ Engagement Agreement between the Company and Rialto dated June 14, 2021, which was included as exhibit 1.1 to the Company’s Form 1-A/A filed with the Securities and Exchange Commission (the “SEC”) on July 1, 2021.
Pursuant to the Addendum, the Company and Rialto agreed to reduce the commissions payable to Rialto on sales of the Company’s common stock through Rialto’s investment platform in connection with the Company’s Regulation A – Tier 2 offering qualified by the SEC on July 28, 2021 (the “Offering”) from 3% to 1%.
The foregoing summary of the terms of the Addendum is qualified by reference to the copy of the Addendum included as exhibit 1.1 to this Current Report on Form 1-U.
Broker-Dealer Engagement Agreement with OpenDeal Broker LLC dba the Capital R
On November 24, 2021, the Company entered into an Engagement Agreement with OpenDeal Broker LLC dba the Capital R (“OpenDeal Broker”), pursuant to which the Company engaged OpenDeal Broker to assist with processing of investments in the Offering through the online investment platform at www.republic.co maintained for OpenDeal Broker’s benefit by its affiliates (the “Republic Platform”). OpenDeal Broker will perform substantially the same services as Rialto, but only for those subscriptions received through the Republic Platform. OpenDeal Broker will be entitled to a cash commission of 6% and an equity commission of 2% of all investments received by the Company through the Republic Platform.
The foregoing summary of the terms of the Engagement Agreement is qualified by reference to the copy of the Addendum included as exhibit 6.1 to this Current Report on Form 1-U.
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SIGNATURES
Pursuant to the requirements of Regulation A, the issuer has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.
OLIVE TREE PEOPLE, INC. | ||
By: | /s/ Thomas Lommel | |
Name: | Thomas Lommel | |
Title: | Chief Executive Officer |
Date: February 9, 2022
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Exhibit Index
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