Item 1.01 Entry into a Material Definitive Agreement.
As reported in its Current Report on Form 8-K filed November 18, 2022, the
registrant ("HUMBL") entered into a Settlement Agreement and Mutual Release of
Claims dated November 15, 2022 (the "Release Agreement") with Forwardly, Inc.
("Forwardly") under which HUMBL has agreed to pay Forwardly $2,200,000 in five
equal monthly payments of $440,000 commencing November 15, 2022 and ending March
15, 2023. On December 29, 2022, Forwardly agreed to extend the last payment of
$440,000 due on March 15, 2023 to June 15, 2023 in return for HUMBL accelerating
the third and fourth payments under the Release Agreement to the end of December
2022.
Item 9.01 Financial Statements and Exhibits.
Exhibits
104 Cover Page Interactive Data File (embedded within the Inline XBRL
document)
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