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) September 9, 2013
LISBOA LEISURE INC.
(Exact name of registrant as specified in its charter)
NEVADA 333-168337 42-1771870
(State or other jurisdiction (Commission (IRS Employer
of incorporation) File Number) Identification No.)
H. 16/B, Adsulim, Benaulim, Goa, India, 403716
(Address of principal executive offices and Zip Code)
Registrant's telephone number, including area code (011) 91989-055-77-27
N/A
(Former name or former address, if changed since last report)
[ ] 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
On September 9, 2013, we entered into asset purchase agreements with Joseph
Fewer of Aylmer, Ontario and Steven Moseley of Paris, Tennessee whereby we
agreed to purchase certain assets necessary for the operation of a plant growth
surfactant manufacture and sales business. A plant surfactant is a compound that
lowers the surface tension between a liquid and a solid in order to allow for
more efficient nutrient uptake in the plant. The assets that we have agreed to
acquire are used in conjunction with the production, marketing, and sale of the
crop surfactant currently sold under the name "AgriBoost".
Pursuant to the agreement with Mr. Fewer, we have agreed to acquire a 100% in
the intellectual property described in the United States provisional patent
application number 61858203 - "Composition and Method for Enhancing Plant
Growth", as well as all related assets necessary for operating a plant growth
enhancement product manufacture and sales business as a going concern. The
agreement contemplates that we will incorporate a wholly-owned subsidiary
company that will hold these assets and conduct operations. In order to acquire
the assets from Mr. Fewer, we will be obligated to complete a forward split of
our common stock such that every share of pre-split common stock shall be
exchanged for 25 post-split shares of common stock; issue 12.5 million shares of
our post-split common stock to Mr. Fewer; and execute a consulting agreement
with Mr. Fewer whereby he will receive $7,000 per month in consideration of him
providing his full-time management services to us. The consulting agreement will
become effective on the date that we raise a minimum of $500,000 for operations.
Closing of the asset purchase agreement is also subject to us changing our name
to "AgriBoost, Inc." or such other name acceptable to Mr. Fewer. In addition, at
closing, Mr. Fewer will be appointed as a director in place of our current
director, Ms. Maria Fernandes.
We have also entered into an agreement with Mr. Moseley whereby we have agreed
to acquire certain equipment used in conjunction with the production, marketing
of AgriBoost. In consideration of Mr. Moseley transferring title of these assets
to us, we have agreed to issue 5,000,000 post-split shares of our common stock
to him at closing. We have also executed a consulting agreement with Mr. Moseley
whereby he will receive $5,000 per month in consideration of him providing his
full-time services to us. As with Mr. Fewer's consulting agreement, Mr.
Moseley's agreement will become effective on the date that we raise a minimum of
$500,000 for operations. The agreement recognizes that Mr. Moseley has been
involved in the sale of surfactants prior to the date of the agreement and that
he shall maintain the right to sell AgriBoost to 94 existing clients and profit
exclusively from sales to them.
We have also entered into an easement agreement with Joseph Fewer and Denise
Fewer whereby they have agreed to grant to us the right to use a portion of
their farm located in Alymer, Ontario for the purposes of using it as a
demonstration farm in order to evaluate and exhibit the effects of AgriBoost. In
consideration of the easement, we have agreed to issue to the Fewers an
aggregate of 2,500,000 post-split shares of our common stock. The initial term
of the easement is three years.
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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.
LISBOA LEISURE INC.
/s/ Maria Fernandes
-------------------------------
Maria Fernandes
President
Date: September 9, 2013
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