Item 2.01 - Completion of Acquisition or Disposition of Assets
On
2 -------------------------------------------------------------------------------- Item 3.02 - Unregistered Sales ofEquity Securities Pursuant to the terms of the Asset Purchase Agreement, 1,500,000 shares of its common stock (the "Shares"), shall be issued toHaiku Holdings, LLC . Pursuant to the terms of the Debt Settlement and Stock Purchase Agreement, 500,000 shares of the Company's common stock shall be issued toRountree Consulting, Inc. pursuant to the Debt Settlement and Stock Purchase Agreement. Pursuant to the terms of the Executive Employment Agreement, the Executive will be issued 3,000,000 shares of Company common stock. The three million shares will be subject to a 3 year lock up agreement. In addition, during the Employment Term, the Executive shall be eligible to participate in the Company's 2021 Equity Incentive Plan or any successor plan, subject to the terms of the Company's 2021 Equity Incentive Plan or successor plan, as determined by the Board or the Compensation Committee, in its discretion. The Securities above will not be registered under the 1933 Act in reliance upon the exemption from registration afforded by Section 3(b) and/or Section 4(6) of the 1933 Act. Section 5 - Corporate Governance and Management
Item 5.02 - Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers
On
The Company has entered into an Executive Employment Agreement with
Michael D Rountree, C.P.A. M.B.T.
Mr. Rountree , age 50, is a Certified Public Accountant (CPA), and has more than 25 years of business planning, operational execution and corporate finance experience in both public and private companies. He is the President ofRountree Consulting, Inc. a company which he founded inAugust 1997 . Rountree Consulting provides its Clients business planning, corporate finance, and growth strategy consulting services with the goal of increasing top line sales, while also actively lowering expenses through streamlining operational efficiencies. Prior to formingRountree Consulting ,Mr. Rountree spent time withDeloitte and Touche , andPrice Waterhouse , working on multi-state tax and financial accounting engagements for large Fortune 500 and Global 2000 clients.Mr. Rountree also spent 3 years at the State of California Franchise Tax Board. His initial work was with the traditional corporate and individual audit group, but he was quickly promoted to the forensics audit practice where he handled complex financial, tax and audit engagements.Mr. Rountree holds a BS degree with an emphasis in Accountancy from C.S.U.Long Beach and a Masters in Business Taxation from theLeventhal School of Accounting at theUniversity of Southern California . Section 9 - Financial Statements and Exhibits Item 9.01 - Financial Statements and Exhibits Item No. Description 10.1 Executive Employment Agreement 10.2 Indemnification Agreement 10.3 Debt Settlement and Purchase Agreement 10.4 Asset Purchase Agreement betweenEco Science Solutions and HaikuHoldings, LLC 3
--------------------------------------------------------------------------------
© Edgar Online, source