Item 8.01 Other Events.
On September 23, 2021, the United States District Court for the Eastern District
of Louisiana (the "Louisiana Court") under Civil Action No. 2:17-cv-819-B(3)
(the "Litigation") granted the defendants' motion to enforce the settlement
agreement entered into between the Company and the defendants, Daniel J.
Schreiber and the Daniel J. Schreiber Living Trust - Dtd 2/08/95. The Louisiana
Court ordered the Company to pay the defendants the amount of $101,490.27,
representing its calculation of the contractual interest in the amount of 18% of
the outstanding principal balance of the two promissory notes issued pursuant to
the settlement agreement until paid, plus certain reasonable attorneys' fees and
costs incurred.
The Company believes the Louisiana Court's September 23, 2021 ruling is in
error.
On October 15, 2021, the Company filed a Motion for Reconsideration asking the
Louisiana Court to reconsider its ruling.
On January 5, 2022, the Louisiana Court denied the Company's October 15, 2021
Motion to Reconsider.
On February 2, 2022, the Company filed notice to appeal the Louisiana Court's
ruling to the United States 5th Circuit Court of Appeals.
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REDHAWK HOLDINGS CORP. 
