ITEM 1.01 ENTRY INTO A MATERIAL DEFINITIVE AGREEMENT
On March 11, 2020, the sole member of the board of directors (the "Board") of
USA Equities Corp (the "Company") adopted the Company's 2020 Equity Incentive
Plan (the "2020 Plan"). The purpose of the Incentive Plan is to enhance the
Company's ability to attract, retain and motivate persons who make, or are
expected to make, important contributions to the Company by providing these
individuals with equity ownership opportunities. The 2020 Plan provides for the
grant of stock options, including incentive stock options and nonqualified stock
options, stock appreciation rights, restricted stock, dividend equivalents,
restricted stock units, and other stock or cash-based awards. In addition, the
Board approved the form of stock option agreement for the initial grants of
options to be made pursuant to the 2020 Plan as set forth below.
The 2020 Plan provides for the grant of rights for up to 2,000,000 shares of the
Company's common stock. If the Company's capital structure changes because of a
reorganization, recapitalization, reclassification, stock dividend, stock split
or similar event, the number of shares that can be issued under the 2020 Plan
will be appropriately adjusted.
The foregoing description of the 2020 Plan is not complete and is qualified in
its entirety by reference to the complete text of the 2020 Plan, a copy of which
is attached to the Company's Registration Statement on Form S-8 filed March 11,
2020.
On March 12, 2020, the Company issued qualified stock options to the following
individuals, each of whom has agreed to serve as a Scientific and Medical
Advisor to the Company: Alex Mirakian MD., 100,000; Marcos Sanchez-Gonzalez MD.
PhD., 100,000; Reza Yavari MD., 100,000; Syed Rizvi PhD., 100,000; and Jeremy
Jacob, 100,000. The options granted to each consultant have an exercise price of
$0.40 per share, expire five years from the date of grant, and vest in three
equal installments, with the first installment vesting on July 1, 2020 and the
remaining installments vesting annually thereafter.
Scientific and Medical Board of Advisors
Alex Mirakian MD.
Dr. Alex Mirakian is a US Board Certified doctor in Radiation Oncology and
previously served as a Fellow with the MD Anderson Cancer Center in Houston, TX.
This was followed with a Fellowship in brachytherapy, stereotactic radiosurgery
and intraoperative radiotherapy at Beth Israel Medical Center in New York. Dr.
Mirakian specializes in breast, genitourinary, lung, head and neck, skin and GI
cancers. He has 18 years of experience in radiation oncology, four years of
internal medicine, and established the first HDR brachytherapy program for the
treatment of prostate cancer at Fred J. Woods Radiotherapy Center in Tampa Bay,
FL. He also has extensive experience in stereotactic radiotherapy particularly
with Cyberknife treatments over the past 9 years. Dr. Mirakian is passionate
about health promotion and Lifestyle Medicine approaches in disease, especially
for preventing and managing cancer patients.
Marcos Sanchez-Gonzalez MD, PhD.
PhD (Exercise & Cardiovascular Physiology)
Adjunct Professor Health Services Administration Lake Erie College Osteopathic
Medicine.
Dr. Sanchez-Gonzalez has worked for the past 15 years in academic institutions
at various levels, which has given insightful understanding of healthcare and
medical education. He has conducted research, in both Universities and Hospital
settings, on areas revolving quality improvement, patient outcomes, and is
training Postdoctoral Fellows and graduate students in their research projects,
thesis, and dissertations. In addition, he has contributed as a physiologist in
the development of biomedical devices for both scientific research and medical
use. As an Investigator Dr. Sanchez-Gonzalez is a Junior Investigator with the
National Institutes of Health (NIH) Minority Programs to Increase Diversity
Among Individuals Engaged in Health-Related Research (PRIDE-CGE) and grant
reviewer. He has interest in Behavioral Cardiovascular Medicine with the
overarching goal of understanding how psychological status and
effective/psychiatric risk factors influence cardiac autonomic and hemodynamic
modulation. A secondary research interest of his is to develop comprehensive
interventions based on the integration of pharmacotherapy, exercise training,
and behavioral treatments intended to ameliorate cardiovascular and
psychological risks factors in clinical populations.
Reza Yavari, MD.
Board Certified in Endocrinology, Diabetes and Metabolism
Reza Yavari M.D. is a Board-Certified Endocrinologist trained at the Yale School
of Medicine. Dr. Yavari has advanced degrees from UC Berkeley, University of
Paris Medical School VII, Sorbonne University, UCONN Health Center and the Yale
School of Medicine. At Yale, Dr. Yavari pursued his specialty training in
Endocrinology and was a Howard Hughes Fellow in Molecular Genetics. Since 2000,
he has been a leader in the field of lifestyle management and wellness as the
founder of Beyond Care®, a pioneering preventive care and Yale-affiliated
diabetes and obesity center in Madison, CT. In 2005, Dr. Yavari's was asked to
write the first self-care book for reversing metabolic syndrome titled It Must
Be My Metabolism (McGraw- Hill, 2006.) Dr. Yavari's approach and his book were
featured in the New York Times, the Yoga Journal, Shape Magazine, NPR, CNN News
Live, More magazine, among other national press and media. In 2010, his
Therapeutic Lifestyle Change methodology was adopted by Zillion Health Inc. of
which Dr. Yavari is a Co-Founder and currently Medical Advisor. Zillion is now
successfully coaching hundreds of thousands of employees of medium to large
companies and members of insurance plans such as United and Blue Cross.
During the last two decades, Dr. Yavari has offered his clinical know-how and
services in diverse settings such as destination resorts, concierge medicine
offices, factories and various solo and group practices. In all these diverse
settings, Dr. Yavari has offered an expert line of preventive medicine and
lifestyle change services for all types of health consumers. In 2017, Dr. Yavari
won the prestigious SOLVE competition at MIT for his Digital Therapeutic aimed
at diabetes and obesity designed for under-resourced demographics. This Digital
Therapeutic Lifestyle Change Program (dTLC) called Beyond Weight TM uses
proprietary machine learning algorithms to self-coach users in a personalized
fashion to lose weight but more importantly to learn skills to avoid relapse.
Using this dTLC program, individuals can learn about their diabetes and
metabolic syndrome risk, are given personalized guidelines for nutrition,
exercise, weight loss targets and are coached using cutting-edge digital
behavior modification tools. Dr. Yavari's upcoming book Simulation Coaching is a
companion resource to the Beyond Weight App.
Dr. Yavari speaks regularly on national and local radio and television stations.
He also lectures frequently to general audiences and to healthcare professionals
on various topics related to metabolism, diabetes and general health-related
matters. Dr. Yavari continues to have teaching and clinical activity at Yale New
Haven Health.
Syed A. A. Rizvi., PhD, MBA, MS.
Department of Pharmaceutical Sciences, Hampton University School of Pharmacy
(HUSOP), Hampton, VA, USA
Over 22 years of research and teaching experience (including online) at various
colleges and universities and 7 years of industrial experience, including
consultations. Author of 167 peer-reviewed articles including, 105 journal
publications, 2 books, 4 book chapters, 1 US patent, and 55 oral/poster
presentations (national and international conferences). Serve on the Editorial
and expert boards of 77 different journals (in various capacities) and review
manuscripts and books for 123 well known scientific publications (journals and
books). Published work has been cited over 5500 times, with an h-index of 25,
and i10-index of 44. Expert in designing and implementation of clinical and
translational research. Expert in pharmaceutical formulation development; ionic
liquids and cocrystals; nano- and micro-encapsulation and controlled release;
multistep synthesis of small organic molecules; pharmaceutical analysis (method
development and forensic applications); natural products isolation; isolation
and formulation of fragrant compounds; and biotransformation of
pharmacologically active compounds using microbial whole cultures.
Jeremy Jacob B.S. (Computer Sc. and Eng)
Jeremy Jacob has over 20 years of experience in architecting software, with a
focus on globally scalable cloud solutions. He received two B.S. degrees from
Florida Atlantic University in Computer Science and Computer Engineering. His
software products include personal finance management mobile apps, a web-based
mobile app development tool for businesses, a cloud based asset management
system, and several app and web based solutions for internal enterprise use. At
Florida Atlantic University, Jeremy taught several semesters of Mobile App
Development, co-created an enterprise training program for mobile development,
and sat on the Industry Advisory Board. Jeremy takes a personal interest in
health and its intersection with emerging technology.
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