ITEM 1.01 Entry into a Material Definitive Agreement
Production Services Agreement
Effective June 13, 2021, the Company entered into a consulting agreement with
Milestone Management Services. Pursuant to the terms of the agreement, the
Milestone Management Services will provide and advise PHBI's management team
regarding any current or potential projects, acquisitions, sales, mergers and
any other day to day decision making questions.
This Agreement has a 6-month term and will terminate on December 13, 2021. The
Company shall issue issuing 117,000 restricted shares of its common stock per
month.
The description of the transaction contemplated by this agreement does not
purport to be complete and is qualified in its entirety by reference to the full
text of the documents filed as exhibits hereto and incorporated herein by
reference.
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