Item 1.02. Termination of a Material Definitive Agreement
On March 12, 2020 the Company entered into an agreement to acquire
fifty-one percent (51%) of the outstanding membership interests in How Smooth It
Is, Inc. ("HSII") for $3,000,000 in cash and 7,000,000 shares of the Company's
restricted common stock.
On July 29, 2020 the Company terminated its agreement to acquire 51% of
HSII. As a part of the termination agreement, the sole shareholder of HSII,
Leonard Cusenza, agreed to pay the Company $2,150,000 by August 7, 2020.
The shareholder of HSII failed to pay the Company the $2,150,000 by August
7, 2020. As a result, on August 12, 2020, the Company and the shareholder
amended the termination agreement to provide that the shareholder would pay the
$2,150,000 by August 17, 2020. If payment of $2,150,000 was not received by
August 17, 2020, the shareholder agreed to pay the Company an additional
$5,000.00 per day until the full amount was paid.
As of October 22, 2020, the Company had not received any payment from the
shareholder. The amount due to the Company as of October 22, 2020 was
$2,480,000.00.
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PURE HARVEST CORPORATE GROUP, INC. 
