Item 5.01 Changes in Control of Registrant.
On
1. Within five (5) business days of the order
("LQE") andWorldwide Stock Transfer, LLC shall take the steps necessary to effect a transfer of the following shares in the Company from LQE toKalen Capital Corporation ("Kalen"):
(a) 32,984,331 shares of common stock;
(b) 16,780,167 cash only warrants to purchase up to 16,780,167 shares of common
stock; and
(c) 1,781,750 cashless warrants to purchase up to 1,781,750 shares of common
stock
2. The application to dismiss the Counterclaim of LQE,
adjourned generally;
3. Kalen shall have costs of this application in the cause
The shares of common stock listed under item 1(a) above represent approximately 62% of the Company's issued and outstanding Shares; and, together with the shares of the Company's Common Stock issuable upon the exercise of the Warrants listed under 1(b) and 1(c) above, Kalen's beneficial ownership is approximately 72%
Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
(a) Departure of Directors or Certain Officers.
By email dated
In accordance with the requirements of Item 5.02 of Form 8-K, the Company has
provided
Number Description 17.1 Resignation Letter datedDecember 18, 2022 from Mr.John Rhee . 99.1 Order Made After Application datedDecember 16, 2022
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