ITEM
8.01 OTHER EVENTS
The
Company hereby appoints Brad Pesu as its Exclusive Manufacturer’s Representative and Director of Sales for those products and
services manufactured by Vet Online Supply. The Representative accepts this appointment and agrees to promote the sales of the
Products and is authorized to sell any/all products, and any future products, manufactured by the company. The Company authorizes
Brad Pesu to recruit and manage new sales representative(s), provided that the Company approves and accepts each appointment of
any new sales representative(s). The newly appointed sales representative(s) will be managed by Brad Pesu for additional compensation
for said management services.
Brad
Pesu is a graduate from Purdue University with a Bachelor Degree in Interdisciplinary Engineering with emphasis in Chemical/Aeronautical
Engineering. With more than 30 years experience in management with various small and large companies, such as Courtaulds Packaging
and Bath & Body Works, where Mr. Pesu provided regulatory and compliance oversight, his experience and resources will allow
the company to grow a strong and valuable sales force as Vet Online Supply moves forward in growing its core business of holistic
CBD Pet Products.
The
Representative will receive a twenty five (25%) commission on the GROSS invoice price of all orders received in or delivered,
and the Company will issue and the Representative will receive $25,000 in the form of restricted Common Stock upon this appointment.
For each newly appointed sales representative(s) recruited by the Representative, the Representative will receive ten percent
(10%) of the newly appointed representative(s) commission and restricted stock issuance for signing a new contract, and/or approximately
one percent (1%) of the total future gross sales receipt of any sale order procured by the newly appointed sales representative,
and issuance of $2,500 in restricted common stock, provided that the newly appointed sales representative received $25,000 of
restricted common stock pursuant with their agreement.
A
copy of the Company’s press release announcing the Program and the Program Offer are attached to this Current Report on
Form 8-K as Exhibits 99.1 and 99.2.
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Exhibit No.
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Description
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99.1
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Press
Release Announcing the Appointment
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Filed
Herewith
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FORWARD
LOOKING STATEMENTS
Certain
statements in this Current Report Form 8-K may contain forward-looking statements that involve numerous risks and uncertainties
which may be difficult to predict. The statements contained in this Current Report Form 8-K that are not purely historical are
forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended (the “Securities Act”),
and Section 21E of the Exchange Act, including, without limitation, the management of the Company and the Company’s expectations,
beliefs, strategies, objectives, plans, intentions and similar matters. All forward-looking statements included in this Current
Report Form 8-K are based on information available to the Company on the date hereof. In some cases, you can identify forward-looking
statements by terminology such as “may,” “can,” “will,” “should,” “could,” “expects,”
“plans,” “anticipates,” “intends,” “believes,” “estimates,” “predicts,”
“potential,” “targets,” “goals,” “projects,” “outlook,” “continue,”
“preliminary,” “guidance,” or variations of such words, similar expressions, or the negative of these terms
or other comparable terminology.
Forward-looking
statements involve a number of risks and uncertainties, and actual results or events may differ materially from those projected
or implied in those statements.
Although
we believe that the assumptions underlying the forward-looking statements are reasonable, any of the assumptions could prove to
be inaccurate. We can give no assurance that the results contemplated in the forward-looking statements will be realized. The
inclusion of this forward-looking information should not be construed as a representation by the Company, or any person that the
future events, plans, or expectations contemplated by our company will be achieved.
We
caution against placing undue reliance on forward-looking statements, which contemplate our current beliefs and are based on information
currently available to us as of the date a particular forward-looking statement is made. Any and all such forward-looking statements
are as of the date of this Current Report Form 8-K. We undertake no obligation to revise such forward-looking statements to accommodate
future events, changes in circumstances, or changes in beliefs, except as required by law. In the event that we do update any
forward-looking statements, no inference should be made that we will make additional updates with respect to that particular forward-looking
statement, related matters, or any other forward-looking statements. Any corrections or revisions and other important assumptions
and factors that could cause actual results to differ materially from forward-looking statements may appear in the Company’s public
filings with the SEC, which are available to the public at the SEC’s website at www.sec.gov
