# EDGAR Filing Document

**Accession Number:** 0001622244
**File Stem:** 0001641172-25-014491
**Filing Date:** 2025-6
**Character Count:** 12873
**Document Hash:** eda01df86a341a28e25a636a62e16a8b
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001641172-25-014491.hdr.sgml**: 20250610

**ACCESSION NUMBER**: 0001641172-25-014491

**CONFORMED SUBMISSION TYPE**: 8-K

**PUBLIC DOCUMENT COUNT**: 14

**CONFORMED PERIOD OF REPORT**: 20250610

**ITEM INFORMATION**: Entry into a Material Definitive Agreement

**ITEM INFORMATION**: Financial Statements and Exhibits

**FILED AS OF DATE**: 20250610

**DATE AS OF CHANGE**: 20250610

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** One World Products, Inc.
- **CENTRAL INDEX KEY:** 0001622244
- **STANDARD INDUSTRIAL CLASSIFICATION:** PHARMACEUTICAL PREPARATIONS [2834]
- **ORGANIZATION NAME:** 03 Life Sciences
- **EIN:** 611744826
- **STATE OF INCORPORATION:** NV
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** 8-K
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 000-56151
- **FILM NUMBER:** 251036768

**BUSINESS ADDRESS:**
- **STREET 1:** 6605 GRAND MONTECITO PKWY
- **STREET 2:** SUITE 100
- **CITY:** LAS VEGAS
- **STATE:** NV
- **ZIP:** 89149
- **BUSINESS PHONE:** 7026050605

**MAIL ADDRESS:**
- **STREET 1:** 6605 GRAND MONTECITO PKWY
- **STREET 2:** SUITE 100
- **CITY:** LAS VEGAS
- **STATE:** NV
- **ZIP:** 89149

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** One World Pharma, Inc.
- **DATE OF NAME CHANGE:** 20190125

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** PUNTO GROUP, CORP.
- **DATE OF NAME CHANGE:** 20141014

?xml version='1.0' encoding='ASCII'?

**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**

**<u>June 10, 2025 (June 4, 2025)</u>**

Date of Report (Date of earliest event reported)

**<u>One World Products, Inc.</u>**

(Exact name of registrant as specified in its charter)

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| | | |
|:---|:---|:---|
| **Nevada** | **000-56151** | **61-1744826** |
| (State or other jurisdiction<br> of incorporation) | (Commission<br> File Number) | (IRS Employer<br> Identification No.) |

---

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| | |
|:---|:---|
| **6605 Grand Montecito Parkway, Suite 100**<br> **Las Vegas, Nevada** | **89149** |
| (Address of principal executive offices) | (Zip Code) |

---

**<u>(800) 605-3201</u>**

Registrant's telephone number, including area code

Check the appropriate box below if the Form 8-K 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))

Securities registered pursuant to Section 12(b) of the Act:

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| | | |
|:---|:---|:---|
| **Title of each class** | **Trading Symbol(s)** | **Name of each exchange on which registered** |
| N/A | N/A | N/A |

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Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§ 230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§ 240.12b-2 of this chapter).

Emerging growth company ☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

**Item 1.01 Entry into a Material Definitive Agreement.**

On June 4, 2025, One World Products, Inc., a Nevada corporation (the ***"Company"***), entered into a Letter of Intent (the ***"Eco Bio LOI"***) with Eco Bio Plastics Midland, Inc. (***"Eco Bio"***).

The non-binding terms of the Eco Bio LOI include the following terms:

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| |
|:---|
| The Company would acquire substantially all of the assets of Eco Bio for $600,000 in cash; |
| The parties would attempt to negotiate and execute a definitive agreement by June 15, 2025; and |
| The parties would target June 30, 2025, as the closing date of the asset acquisition agreement. |

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The binding terms of the Eco Bio LOI include the following terms:

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| |
|:---|
| Eco Bio agreed to a 60-day period of exclusivity; |
| In consideration of Eco Bio's granting such exclusivity, the Company delivered a $100,000 refundable deposit (the ***"Refund Amount"***) to Eco Bio, which would be applied to the purchase price of the acquired assets or refunded to the Company, in the event the asset acquisition transaction does not close; and |
| The refund of the Deposit Amount was personally guaranteed by Fukuji Saotome. |

---

The foregoing description of the Eco Bio LOI is qualified in its entirety by the full text of the Eco Bio LOI, which is filed as Exhibit 10.1 to, and incorporated by reference in, this Current Report.

**Item 9.01 Financial Statements and Exhibits.**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;*(d) <u>Exhibits</u>.*

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| | |
|:---|:---|
| **Exhibit No.** | **Description** |
| 10.1 | [Letter of Intent between the Company and Eco Bio Plastics Midland, Inc.](ex10-1.htm) |
| 104 | Cover Page Interactive Data File (formatted as Inline XBRL and contained in Exhibit 101) |

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**SIGNATURES**

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

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| | | |
|:---|:---|:---|
|  | **One World Products, Inc.** | **One World Products, Inc.** |
| Date: June 10, 2025. | By: | */s/ Isiah L. Thomas, III* |
|  | Name: | Isiah L. Thomas, III |
|  | Title: | Chief Executive Officer |

---

## Exhibit 10.1

**Exhibit 10.1**

**ONE WORLD PRODUCTS, INC.**

**6605 Grand Montecito Parkway, Suite 100**

**Las Vegas, Nevada 89149**

June 4, 2025

Eco Bio Plastics Midland, Inc.

**<u>Letter of Intent</u>**

Gentlemen:

This Letter of Intent summarizes certain terms under which our company, One World Products, Inc. (***"OWPC"***) would acquire substantially all of the assets (collectively, the ***"Assets"***) from your company, Eco Bio Plastics Midland, Inc. (***"Eco Bio"***). This proposed transaction is sometimes referred to as the "Transaction."

**<u>NON-BINDING TERMS</u>**

This paragraph and Sections 1 through 3 are not legally binding on either party. They would serve as the non-binding basis for an initial draft of a definitive agreement for the Transaction (the ***"Definitive Agreement"***), which would be provided by OWPC. We currently contemplate that the Definitive Agreement would include, among others, the following terms:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1. The
 Definitive Agreement would provide for OWPC's acquisition of the Assets from Eco Bio, in exchange for $600,000 in cash (the  ***"Purchase Price"***). The form of the Definitive Agreement would be determined by us, in consultation with
 our respective legal counsel and accountants.

2. We
 would attempt to negotiate and execute the Definitive Agreement by June 15, 2025, and would target the closing of the Definitive
 Agreement on or before June 30, 2025, all in accordance with the terms of Definitive Agreement.

3. The
 Definitive Agreement would contain other terms and conditions that would be customary for transactions of this type, including customary
 representations, warranties, covenants and indemnities.

**<u>BINDING TERMS</u>**

This paragraph and Sections 4 through 11, which are referred to collectively as the "Binding Terms," are the legally binding and enforceable agreements of OWPC and Eco Bio.

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| | |
|:---|:---|
| Eco Bio Plastics Midland, Inc. |  |
| June 4, 2025 – Page 2 | **<u>Letter of Intent</u>** |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4. <u>Exclusivity</u>. Throughout the period that begins on the date of mutual execution of this Letter of Intent and ends on the date that is 60 days from the date thereof (the ***"Exclusivity Period"***), Eco Bio will not, directly or indirectly, solicit, initiate, seek or encourage any inquiry, proposal or offer from, furnish any information to, or participate in any discussions or negotiations with, any person regarding any purchase or other disposition of the Assets.

In consideration of Eco Bio's granting the Exclusivity Period to OWPC, OWPC shall, prior to the close of business on June 4, 2025, assuming this Letter of Intent shall have been fully executed prior to such time, deliver the sum of $100,000 (the ***"Deposit Amount"***) by wire transfer of immediately available funds to Eco Bio.

Should we fail to consummate the Definitive Agreement prior to the expiration of the Exclusivity Period, the entire Deposit Amount shall be refunded to OWPC by Eco Bio within three business days. In this regard, Fukuji Saotome, by signing below in his individual capacity, hereby personally guaranties the repayment of the Deposit Amount by Eco Bio.

Should we consummate the Definitive Agreement, the Deposit Amount shall be credited towards the Purchase Price.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5. <u>Confidentiality</u>. The parties agree that the content and the existence of this Letter of Intent shall remain confidential. However, the parties agree that (a) disclosure regarding the content and existence of this Letter of Intent properly made under applicable securities laws shall not be a violation of this paragraph 5 and (b) you may disclose the existence and terms of this Letter of Intent to your professional service providers.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6. <u>Expenses</u>. Except to the extent expressly stated otherwise in the Definitive Agreement, each of OWPC and Eco Bio will be responsible for and bear all of its respective costs and expenses incurred at any time in connection with pursuing or consummating the Transaction.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7. <u>No Other Obligations or Claims</u>. Nothing herein obligates either party to enter into or continue any discussions or negotiations with, solicit or accept any proposal from or enter into any definitive agreement with, the other party. Except for the Binding Terms, unless and until a final definitive agreement between the parties regarding a transaction has been executed and delivered (or except as expressly provided in any binding written agreement that either of the parties may enter into in the future), (a) neither party will be under any legal obligation of any kind regarding such a transaction by virtue of this Letter and (b) no past or future action, course of conduct or failure to act regarding a transaction, or relating to the negotiation of the terms of a transaction or the Definitive Agreement, will give rise to or serve as a basis for any obligation or other liability on the part of either party.

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| | |
|:---|:---|
| Eco Bio Plastics Midland, Inc. |  |
| June 4, 2025 – Page 3 | **<u>Letter of Intent</u>** |

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8. <u>Waiver and Amendment</u>. No failure or delay by either party in exercising any right, power or privilege under this Letter of Intent will operate as a waiver thereof, nor will any single or partial exercise thereof preclude any other or further exercise of any right, power or privilege hereunder. No term in this Letter of Intent can be waived or amended except in a writing signed by each party.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;9. <u>Entire Agreement</u>. Other than existing confidentiality rights and obligations in any written agreement between the parties, this Letter of Intent contains the entire agreement between the parties regarding the subject matter hereof and supersedes all prior agreements or understandings between the parties with respect thereto.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;10. <u>Counterparts</u>. This Letter of Intent may be executed in counterparts, each of which will be deemed an original, and all of which will constitute the same agreement.

If Eco Bio is in agreement, please sign below and return a fully executed copy of this Letter of Intent to OWPC by e-mail to Isiah@owpv.com.

Very truly yours,

*/s/ Isiah L. Thomas, III*

Isiah L. Thomas, III

Chief Executive Officer

**AGREED AND ACCEPTED:**

ECO BIO, INC.

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| | |
|:---|:---|
| By: |  |
| Name: | */s/* |
| Title: |  |
| */s/ Fukuji Saotome* | */s/ Fukuji Saotome* |
| Fukuji Saotome, individually | Fukuji Saotome, individually |
| as to Paragraph | as to Paragraph |

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