Item 5.02 Departure of Directors or Certain Officers; Election of Directors;
Appointment of Certain Officers, Compensatory Arrangements of Certain Officers.
Appointment of Director
On June 11, 2022, the board of directors of Agentix Corp. (the "Company")
appointed Salman Hoda as a member of the board of directors of the Company.
Salman Hoda, age 42, has served as our Secretary and Treasurer since December
14, 2020. Since February 2018, Mr. Hoda has owned and operated Salman Hoda
Pharma Consulting Inc., of Mississauga, Ontario, a pharmaceutical consulting
business. From February 2018 to June 2020, Mr. Hoda acted as Director -
Pharmaceutical Program, for Green Sky Labs., Oakville, Ontario. From December
2017 to February 2018, Mr. Hoda was Program Lead - Transformation Office at
Apotex Inc., Toronto, Ontario. From June 2017 to December 2017, Mr. Hoda was
Manager - Business Development & Portfolio Management, at Apobiologix, Toronto,
Ontario, and Manager - Business Evaluations & Development from November 2015
until May 2017. In April 2002. Mr. Hoda obtained an Honours Bachelor of Science
from University of Waterloo, of Waterloo, Ontario. In April 2009, he obtained a
Masters of Business Administration - Marketing from Rotman School of Management,
University of Toronto, Toronto, Ontario.
Salman Hoda Pharma Consulting Inc., an Ontario, Canada, corporation (the
"Consultant"), and an entity controlled by Mr. Hoda on the one hand, and a
wholly-owned subsidiary of Company on the other hand, are parties to that
certain Consulting Agreement (the "Consulting Agreement"), dated October 1,
2020, pursuant to which the Company pays Consultant a monthly fee of $12,500,
and Consultant is obligated to manage our consumer healthcare products in
partnership with Bionova Lab and our pharmaceutical programs, as well as certain
investor relations activities. The Consulting Agreement, terminates on December
31, 2022 (the "Termination Date"), and automatically renews for one-year periods
on each anniversary of the Termination Date unless terminated by either the
Company or Consultant not less than 90-days notice prior to a date that the
Consulting Agreement terminates. Consultant is also eligible to participate in
company incentive plans and reimbursement for expenses incurring in the
performance of services for the Company.
The Consulting Agreement contains customary terms regarding confidentiality,
intellectual property assignment from the Consultant to the Company, and
termination by the Company for cause, Termination by the Consultant for good
reason, and termination by reason of death or disability. Additionally, either
the Company or the Consultant may terminate the Consulting Agreement with
30-days' notice the parties to the Consulting Agreement.
Mr. Hoda holds, indirectly through the Consultant, 750,000 shares of the
Company's common stock.
Item 9.01 Financial Statements and Exhibits.
(d) Exhibits:
Exhibit Description
10.1 # Consulting Agreement, dated October 1, 2020, by and between alman Hoda
Pharma Consulting Inc., an Ontario, Canada, corporation, and the
Company.
104 Cover Page Interactive Data File (embedded within the Inline XBRL
Document).
# Indicates management contract or compensatory plan.
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