ITEM 1.01 Entry into a Material Definitive Agreement
Production Services Agreement
Effective May 13, 2021, the Company entered into a production agreement with New to the Street Group LLC. Pursuant to the terms of the agreement, the New to the Street Group LLC will provide the following Strategic Services:
1.Develop a biography format T.V. show outlining the previous publicly announced milestones of Pharmagreen Biotech Inc (PHBI).
2.Produce 6 HD specialized NASDAQ interview(s), of approximately seven to ten (S-7) minutes duration.
3.Broadcast 6 interview(s) FOX Business Network to a minimum of 95 million (95,000,000) households.
4.Broadcast 6 interview(s) on KRON4 2,700,000 households.
5.Broadcast 6 interview(s) on Newsmax. 50,000,000 households.
6.Broadcast 6 interview(s) on RNN. 30,000,000 households.
7.3 NASDAQ Tech Reports
8.Continue to make visible the show on the Internet for 6 month(s), being hosted and archived on www.newtothestreet.com.
9.6 months social media support- will tweet every news release to those who follow New to the Street.
10.Website - have interviews and/or links on www.newtothestreet.com.
11.Press releases for 6 month(s) - one per interview announcing the airing of the segment.
12.6 Emerging Growth Articles
13.TV guide across networks.
14.Minimum 1 Nasdaq onsite interview (if covid allows to film there) by Jane King.
The term of the production agreement is 6 months.
The Company agreed to pay New to the Street Group LLC $3500 due upon signing, $3500 per month (due every 15th of the month) and 6,750,000 restricted shares of common stock.
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.
ITEM 1.01 Entry into a Material Definitive Agreement
Software as a Service (SAAS) Agreement for Regulation A Offering
Effective May 14, 2021, the Company entered into a SAAS Agreement with Novation Solutions Inc. (“DealMaker”). To effect the Company’s planned Regualtion A offering, DealMaker will provide the following:
● Deal portal with automated tracking, signing, and reconciliation of investment transactions
● DM Engage portal with shareholder engagement tracking and management functionality
DealMaker will provide initial customer onboarding, including:
o Setup of subscription documents
o Enablement and/or application to payment networks
o Assignment of Senior Account Manager for support resources
o Up to two (2) trainings on system for team users
The Company will pay DealMaker $3,000 upon singing the agreement, $7,000 30 days prior to launching the portal and a post launch Monthly Subscription Fee of $1,000.
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.