Item 3.02 Unregistered Sales of Equity Securities
On May 5, 2021, we granted 180,000 stock options to a consultant for the
purchase of up to 180,000 shares of our common stock pursuant to our 2020 Equity
Incentive Plan. Each stock option is exercisable at a price of US$1.78 per share
until May 5, 2023.
These stock options vest as to 25,000 each time we enter into a binding
definitive agreement with certain brands as set forth in the stock option
We granted the stock options to one U.S. Persons (as that term is defined in
Regulation S of the Securities Act of 1933) and in issuing securities we relied
on the registration exemption provided for in Regulation S and/or Section
4(a)(2) of the Securities Act of 1933.
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