Item 1.01 Entry into a Material Definitive Agreement.
New Century Resources Corporation (which has changed its name to Colambda
Technologies, Inc.) has entered into an Amendment No. 1, dated as of March 8,
2022, to the Merger Agreement dated as of November 9, 2021, with Emissions Zero
Module, Inc, a Wyoming corporation. The Merger Agreement requires the parties
to submit the Merger to the Financial Industry Regulatory Authority ("FINRA").
Further, the parties had contemplated receiving approval from FINRA prior to
February 28, 2021, and provided for a termination of the Merger Agreement if
such approval had not been obtained by such date.
That parties have agreed in Amendment No.1 to the Merger Agreement to extend the
date of obtaining approval of FINRA to May 6, 2022, and assuming such approval,
allow for closing to be held at any time up to May 13, 2022. There is no
assurance that the Merger will be consummated, and the FINRA approval condition
precedent to the consummation of the Merger has not yet been completed and may
not be obtained.
ITEM 9.01 EXHIBITS.
Exhibit No. Description
10.1 Amendment No. 1 to Agreement and Plan of Merger and
Reorganization made as of March 8, 2022 by and among New Century
Resources Corporation, a Nevada corporation and Emissions Zero
Module, Inc, a Wyoming corporation.
--------------------------------------------------------------------------------
© Edgar Online, source Glimpses