Megola : Material Event

NOTICE OF MATERIAL EVENT

MEGOLA, INC.

8891 Brighton Lane Ste 108, Bonita Springs, FL 34135 Company Telephone: (888) 587-1698

Company Website: alo-gem.com

Company email: megola2020@gmail.com

FLORIDA: February 23, 2022: Megola Inc. (OTC-PINK MGON) Megola, Inc. ("MGON", "Company") is a Consortium Group of Health Technologies and Service Company. Megola through product and technology acquisitions has grown to have its own E-commerceBranding Division, Service Department, Licensing Division, Franchise Division all maintaining Megola's diverse manufactured product portfolios which allows the company to integrate into several vertical sales markets worldwide. Megola controls every aspect from manufacturing to distribution of all the patented product lines giving it the best-casescenario in every competitive market space.

On February 22, 2022, MGON entered into a Purchase and Sale of Business Assets Contract with RBG Wholesale, in which MGON has agreed to purchase certain Specialty Coffee product lines, branding label and supply agreements, for the purchase price of Fifteen Thousand Dollars ($15,000), payable as follows: (1) fifteen thousand (15,000) shares of MGON Series F Preferred Stock, valued at $1.00 per share.

PRODUCT LINES:

Health and Wellness coffee

• Weight Loss Coffee - increases metabolism through a thermogenic boost helping to burn calories and convert fatty acids and glucose into energy inhibiting the production of fat tissue and increasing energy. Infused with Hoodia Gordoni and Garcinia Chromium Picolinate
• Immune Boost Coffee - enhances overall vitality, immune and nervous system, increases antibody production, helps restore health and fight bacteria, boost polysaccharides and polyphenols. Infused with Black Samson Echinacea, Chinese Astralagus, Reich, and Chealated Zinc.
• Sensuality Tonic Blend - increases libido in both women and men, helps sustain balanced levels of progesterone and testosterone and stimulates the nervous system. Infused with Maca, Damiana and Horny Goat Weed.
• Tranquility Blend - achieves anti-stress effect through reducing muscle tension and anxiety. Also improves concentration, enhances overall mood and eases pain by reducing the negative trigger endorphins which stimulates secretion of serotonin. Infused with Gaba Ashwagandha and Griffonia
• Energy Blend - increases energy, focus and awareness, includes antioxidants that invigorate the body and contains minerals, vitamins, proteins, fibers and essential fatty acids. Infused with Guarana, Acai, Gogi and Chocolate.

Apart from health benefits, the above Health and Wellness Coffee Lines are produced using Green manufacturing process and strictly following 100% Biodegradable packaging guidelines. All coffees are Fair Trade and certified Organic infused with 100% natural extracts with bio-altering properties, caffeine being used as a delivery method.

*CBD-infused Coffee

Coffee infused with CBD produces anti-stress effect as well as reduces aches and pains at the same time helping the user feel alert, calm and focused. Can have three levels of strength - intro, regular and maximum.

Product is manufactured using 100% Specialty grade coffee beans and organically grown hemp extracts.

Coffee is roasted and infused in an FDA registered facility in compliance with industry-standard good manufacturing practices (GMP).

Can come in forms of whole bean, roast and ground, K-cup and Nespresso compatible pods.

COVID-19Pandemic: The recent COVID-19 pandemic could have an adverse impact on the Company going forward. COVID-19 has caused significant disruptions to the global financial markets, which severely impacts the Company's ability to raise additional capital and to pursue certain contracts. The Company may be required to substantially reduce operations or cease operations if it is unable to finance our operations. The full impact of the COVID-19 outbreak continues to evolve as of the date of this report and is highly uncertain and subject to change. Management is actively monitoring the situation but given the daily evolution of the COVID-19 outbreak, the Company is not able to estimate the effects of the COVID-19 outbreak on its operations or financial condition in the next 12 months.

Forward-Looking Statements

The statements contained in this release that are not historical facts are forward-looking statements as defined in the Private Securities Litigation Reform Act of 1995. Words such as "may," "will," "could," "should," "expect," "plan," "project," "intend," "anticipate," "believe," "estimate," "predict," "potential," "pursuant," "target," "continue," and similar expressions are intended to identify such forward-looking statements. The statements in this press release that are not historical statements, including statements regarding MGON's plans, objectives, future opportunities for MGON's services, future financial performance and operating results and any other statements regarding MGON's future expectations, beliefs, plans, objectives, financial conditions, assumptions or future events or performance that are not historical facts, are forward-looking statements within the meaning of the federal securities laws. These statements are not guarantees of future performance and are subject to numerous risks, uncertainties, and assumptions, many of which are beyond MGON's control, and which could cause actual results to differ materially from the results expressed or implied by the statements. These statements are not guarantees of future performance and involve risks, uncertainties and assumptions that are difficult to predict, and include, without limitation, results of litigation, settlements and investigations; actions by third parties, including governmental agencies; volatility in customer spending; global economic conditions; ability to hire and retain personnel; loss of, or reduction in business, with key customers; difficulty with growth and integration of acquisitions; product liability; cybersecurity risk; and, anti- takeover measures in our charter documents. Any forward-looking statement is made only as of the date of which such statement is made. Except as otherwise required by applicable law, we undertake no obligation to publicly update or revise any forward-looking statements, whether because of new information, future events, or otherwise.