NTRU Natur International Corporation (CE)

Item 1.03 Bankruptcy or Receivership

Natur International Corp, a Wyoming corporation (“Company”), reports that the Amsterdam District Court has confirmed the closure of its subsidiary companies Natur Holding BV, Hi-Tech Juices BV, NL Juices Retail BV and NL Juices Online BV, as part of the Company’s corporate restructuring plan. Natur CBD BV (“Natur CBD”), the newly formed, Netherlands subsidiary company of Natur International Corp., will assume the Natur Holding BV legacy business to complement its product portfolio of functional products.

On May 9, 2019, Natur Holding B.V. and its three subsidiaries, NL Juices Retail B.V., Hi Tech Juices B.V. and NL Juices Online B.V. (together the “Natur Holding Entities”) submitted the plan for reorganization to the District Court of Amsterdam. The plan of reorganization was submitted according to the European Insolvency Directive, Section 3, Subsection 1, and the Netherlands Bankruptcy Act, Section 1. Pursuant to Netherlands law, the plan of reorganization is a controlled insolvency of the Natur Holding Entities and the transfer of specific assets, assumption of specific liabilities and re-employment of the employees.

The assets that are to be transferred to the resulting company, Natur CBD under the plan of reorganization, include all the brand elements of the Natur products, the intellectual property related to the Natur products, the web assets, the product formulations and supply contracts required for the branded products and the distribution and sale of the branded products. The liabilities that are to be assumed by Natur CBD will include those held by the providers of services and product for the ongoing operations of Natur CBD, which generally will include many of the current suppliers and essential service providers.

On May 21, 2019, the District Court accepted the plan of reorganization and took the initial step to appoint the curator of the plan of reorganization. The Court, on May 22, 2019, appointed Mr. J Opstroom as the curator. Mr. Opstroom maintains an office at NoMa House, Gustave Malerlaan 1236, 1081 La Amsterdam, The Netherlands. The court appointed curator will further assess the plan, the principal purpose of which is to evaluate the assets that are not being transferred to Natur CBD for liquidation and to determine the appropriateness of the liabilities of the Natur Holding Entities to be discharged.