Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.

On September 12, 2022, Jeffrey L. Robins resigned as President, Chief Executive Officer, Director and Chairman of the Board and Dr. Brett J. Earl resigned as a director. None of these individuals had any disputes with the Company.

The Corporation has appointed Mr. William Hayde as the President, Chief Executive Officer, Director and Chairman of the Board. Mr. Hayde has been granted an Employment Agreement with the Company. The Company has also authorized the issuance of 2,000,000 shares of restricted common stock be issued to "The Hayde Family Revocable Trust." These shares were part of an agreement with Waterside Capital Advisors, Inc. and 250,000 shares were authorized to be issued at the end of each quarter for services. These shares represent eight consecutive quarters of services and are due and issuable.

The Corporation has also entered into a new Employment Agreement with Mr. Keith L. Merrell, who serves as the Corporations Chief Financial Officer, this Agreement will replace the previous agreement entered into on January 31, 2018.


                                       2

© Edgar Online, source Glimpses