Item 1.01 Entry into a Material Definitive Agreement.
On November 17th, 2021, Mycotopia Therapies Inc. (the "Company") entered into an
Executive Consulting Agreement (the "Agreement") with Benjamin Kaplan ("Kaplan")
whereby Kaplan was appointed as CEO of the Company. We hired Kaplan for an
initial term of thirty-six (36) months subject to certain termination
provisions, whereby the Agreement will automatically renew for an additional
twelve (12) month period. We shall pay Kaplan in the following manner: (i) A
consulting fee of $24,000.00 per month for services performed for a total
compensation of $288,000 payable for each twelve (12) month period, (ii) Bonus
compensation milestones by offering Kaplan a Warrant to purchase that number of
shares of common stock of the Company equal to 5% of the issued and outstanding
common shares, on a fully diluted basis, (iii) A significant transaction stock
grant whereby Kaplan shall be granted that number of shares of common stock or a
new series of preferred shares of the Company, that is convertible into common
stock of the Company equal to 5% of the value of all of the consideration,
including any stock, cash, or debt, of such completed transaction. Additional
details are provided in the Compensation Rider to the Agreement.
ITEM 9.01 FINANCIAL STATEMENTS AND EXHIBITS
Exhibit
No. Description
10.1 Executive Consulting Agreement with Mr. Kaplan .
2
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the
Registrant has duly caused this report to be signed on its behalf by the
undersigned hereunto duly authorized.
Mycotopia Therapies, Inc. (the "Registrant")
a Nevada corporation
Date: January 14, 2022 By: /s/Ben Kaplan
Name: Ben Kaplan
Title: Chief Executive Officer and Principal
Accounting Officer
3
--------------------------------------------------------------------------------
© Edgar Online, source Glimpses