Item 5.02. Departure of Directors or Certain Officers; Election of Directors;
Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
On January 31, 2022, the Company appointed Dr. Pratibha Chaurasia, CPA, CA,
Ph.D. as Chief Financial Officer ("CFO"). Pratibha offers over 24 years of
diverse professional experience in financial reporting and auditing under GAAP
and IFRS, with expertise in PCAOB audits and more. Chaurasia is the founder of
Aprari Solutions and was formerly a Professor of International Finance and
Management at the Daly College Business School and a Manager of Operations at
Max Life Insurance Company Limited, formerly known as Max New York Life
Insurance Company Limited.
Item 8.01. Other Events.
On January 31, 2022, the Company entered into an agreement with Aprari Solutions
for accounting and audit-related services (the "Engagement Letter"). Established
in 2018, Aprari Solutions is a leading audit and accounting firm in India with a
team consisting of qualified CPAs, Chartered Accountants, CFAs, Ph.D. and MBAs
from top institutions, and experienced professionals well-trained in US GAAP and
PCAOB audit standards and procedures. Aprari Solutions will be paid $65,000 in
cash and stock over 12 months.
The foregoing description of the Engagement Letter is qualified by reference to
the full text of the Engagement Letter, the form of which is filed herewith as
Exhibit 10.1 to this Current Report on Form 8-K and is incorporated herein by
reference.
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ITEM 9.01. Financial Statements and Exhibits.
(d) Exhibits
NUMBER EXHIBIT
10.1 Form of Engagement Agreement
104 Cover Page Interactive Data File (embedded within the Inline XBRL
document)
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