Item 3.02 Unregistered Sales of
The disclosure set forth in Item 5.02 of this report is incorporated herein in its entirety by reference.
Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
On
In addition, each of the current executives were granted an additional 7 million
shares, which represented the total of all incentive shares to be issued to each
executive in connection with the Company obtaining a combined thirteen IND's
and/or eIND's up through
Mr.Albert Mitrani 7,000,000 Shares Mr.Ian Bothwell 7,000,000 Shares Dr.Maria Mitrani 7,000,000 Shares Dr.George Shapiro 7,000,000 Shares
In the future, each of the current executives shall also be entitled to receive 5 million shares as a performance incentive for each IND and/or "Expanded Access" approval (and excluding all eIND's) received by the Company that involve more than 15 patients and provided such milestone occurs during the term of employment with the Company.
The Company issued the above-referenced Shares under the exemption from the registration requirements of the Securities Act afforded by Section 4(a)(2) of the Securities Act, as a transaction not involving a public offering.
Item 8.01 Other Events.
On
A copy of the Company's press release dated
Item 9.01 Financial Statements and Exhibits
(d) Exhibits Exhibit No Description 99.1 Press Release, datedSeptember 29, 2020 2
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