Form 1-A Issuer Information UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

FORM 1-A
REGULATION A OFFERING STATEMENT
UNDER THE SECURITIES ACT OF 1933
OMB APPROVAL

FORM 1-A

OMB Number: 3235-0286


Estimated average burden hours per response: 608.0

1-A: Filer Information

Issuer CIK
0000894552
Issuer CCC
XXXXXXXX
DOS File Number
Offering File Number
Is this a LIVE or TEST Filing? LIVE TEST
Would you like a Return Copy?
Notify via Filing Website only?
Since Last Filing?

Submission Contact Information

Name
Phone
E-Mail Address

1-A: Item 1. Issuer Information

Issuer Infomation

Exact name of issuer as specified in the issuer's charter
E Med Future, Inc.
Jurisdiction of Incorporation / Organization
NEVADA
Year of Incorporation
1990
CIK
0000894552
Primary Standard Industrial Classification Code
SERVICES-ALLIED TO MOTION PICTURE DISTRIBUTION
I.R.S. Employer Identification Number
87-0485314
Total number of full-time employees
2
Total number of part-time employees
4

Contact Infomation

Address of Principal Executive Offices

Address 1
4054 Sawyer Road
Address 2
City
Sarasota
State/Country
FLORIDA
Mailing Zip/ Postal Code
34233
Phone
941-259-8005

Provide the following information for the person the Securities and Exchange Commission's staff should call in connection with any pre-qualification review of the offering statement.

Name
Donnell Suares
Address 1
Address 2
City
State/Country
Mailing Zip/ Postal Code
Phone

Provide up to two e-mail addresses to which the Securities and Exchange Commission's staff may send any comment letters relating to the offering statement. After qualification of the offering statement, such e-mail addresses are not required to remain active.

Financial Statements

Industry Group (select one) Banking Insurance Other

Use the financial statements for the most recent period contained in this offering statement to provide the following information about the issuer. The following table does not include all of the line items from the financial statements. Long Term Debt would include notes payable, bonds, mortgages, and similar obligations. To determine "Total Revenues" for all companies selecting "Other" for their industry group, refer to Article 5-03(b)(1) of Regulation S-X. For companies selecting "Insurance", refer to Article 7-04 of Regulation S-X for calculation of "Total Revenues" and paragraphs 5 and 7 of Article 7-04 for "Costs and Expenses Applicable to Revenues".

Balance Sheet Information

Cash and Cash Equivalents
$ 0.00
Investment Securities
$ 0.00
Total Investments
$
Accounts and Notes Receivable
$ 147600.00
Loans
$
Property, Plant and Equipment (PP&E):
$ 0.00
Property and Equipment
$
Total Assets
$ 147600.00
Accounts Payable and Accrued Liabilities
$ 62660.00
Policy Liabilities and Accruals
$
Deposits
$
Long Term Debt
$ 0.00
Total Liabilities
$ 0.00
Total Stockholders' Equity
$ 85000.00
Total Liabilities and Equity
$ 147600.00

Statement of Comprehensive Income Information

Total Revenues
$ 0.00
Total Interest Income
$
Costs and Expenses Applicable to Revenues
$ 0.00
Total Interest Expenses
$
Depreciation and Amortization
$ 0.00
Net Income
$ 0.00
Earnings Per Share - Basic
$ 0.00
Earnings Per Share - Diluted
$ 0.00
Name of Auditor (if any)
None

Outstanding Securities

Common Equity

Name of Class (if any) Common Equity
Common Stock
Common Equity Units Outstanding
42513415
Common Equity CUSIP (if any):
000000000
Common Equity Units Name of Trading Center or Quotation Medium (if any)
None

Preferred Equity

Preferred Equity Name of Class (if any)
2021 Preferred Stock Series A
Preferred Equity Units Outstanding
15
Preferred Equity CUSIP (if any)
000000000
Preferred Equity Name of Trading Center or Quotation Medium (if any)
None

Debt Securities

Debt Securities Name of Class (if any)
None
Debt Securities Units Outstanding
0
Debt Securities CUSIP (if any):
000000000
Debt Securities Name of Trading Center or Quotation Medium (if any)
None

1-A: Item 2. Issuer Eligibility

Issuer Eligibility

Check this box to certify that all of the following statements are true for the issuer(s)

1-A: Item 3. Application of Rule 262

Application Rule 262

Check this box to certify that, as of the time of this filing, each person described in Rule 262 of Regulation A is either not disqualified under that rule or is disqualified but has received a waiver of such disqualification.

Check this box if "bad actor" disclosure under Rule 262(d) is provided in Part II of the offering statement.

1-A: Item 4. Summary Information Regarding the Offering and Other Current or Proposed Offerings

Summary Infomation

Check the appropriate box to indicate whether you are conducting a Tier 1 or Tier 2 offering Tier1 Tier2
Check the appropriate box to indicate whether the financial statements have been audited Unaudited Audited
Types of Securities Offered in this Offering Statement (select all that apply)
Equity (common or preferred stock)
Does the issuer intend to offer the securities on a delayed or continuous basis pursuant to Rule 251(d)(3)? Yes No
Does the issuer intend this offering to last more than one year? Yes No
Does the issuer intend to price this offering after qualification pursuant to Rule 253(b)? Yes No
Will the issuer be conducting a best efforts offering? Yes No
Has the issuer used solicitation of interest communications in connection with the proposed offering? Yes No
Does the proposed offering involve the resale of securities by affiliates of the issuer? Yes No
Number of securities offered
200000000
Number of securities of that class outstanding
42560615

The information called for by this item below may be omitted if undetermined at the time of filing or submission, except that if a price range has been included in the offering statement, the midpoint of that range must be used to respond. Please refer to Rule 251(a) for the definition of "aggregate offering price" or "aggregate sales" as used in this item. Please leave the field blank if undetermined at this time and include a zero if a particular item is not applicable to the offering.

Price per security
$ 0.0500
The portion of the aggregate offering price attributable to securities being offered on behalf of the issuer
$ 10000000.00
The portion of the aggregate offering price attributable to securities being offered on behalf of selling securityholders
$ 0.00
The portion of the aggregate offering price attributable to all the securities of the issuer sold pursuant to a qualified offering statement within the 12 months before the qualification of this offering statement
$ 0.00
The estimated portion of aggregate sales attributable to securities that may be sold pursuant to any other qualified offering statement concurrently with securities being sold under this offering statement
$ 0.00
Total (the sum of the aggregate offering price and aggregate sales in the four preceding paragraphs)
$ 10000000.00

Anticipated fees in connection with this offering and names of service providers

Underwriters - Name of Service Provider
Underwriters - Fees
$
Sales Commissions - Name of Service Provider
Sales Commissions - Fee
$
Finders' Fees - Name of Service Provider
Finders' Fees - Fees
$
Audit - Name of Service Provider
Audit - Fees
$
Legal - Name of Service Provider
Donnell E. Suares
Legal - Fees
$ 40000.00
Promoters - Name of Service Provider
Promoters - Fees
$
Blue Sky Compliance - Name of Service Provider
Various States
Blue Sky Compliance - Fees
$ 2500.00
CRD Number of any broker or dealer listed:
Estimated net proceeds to the issuer
$ 9900000.00
Clarification of responses (if necessary)

1-A: Item 5. Jurisdictions in Which Securities are to be Offered

Jurisdictions in Which Securities are to be Offered

Using the list below, select the jurisdictions in which the issuer intends to offer the securities

Selected States and Jurisdictions
COLORADO
NEW YORK

Using the list below, select the jurisdictions in which the securities are to be offered by underwriters, dealers or sales persons or check the appropriate box

None
Same as the jurisdictions in which the issuer intends to offer the securities
Selected States and Jurisdictions

1-A: Item 6. Unregistered Securities Issued or Sold Within One Year

Unregistered Securities Issued or Sold Within One Year

None

Unregistered Securities Act

(e) Indicate the section of the Securities Act or Commission rule or regulation relied upon for exemption from the registration requirements of such Act and state briefly the facts relied upon for such exemption

Table of Contents

 

PART II — INFORMATION REQUIRED IN OFFERING CIRCULAR

 

Preliminary Offering Circular dated November 5, 2021

 

An Offering Statement pursuant to Regulation A relating to these securities has been filed with the Securities and Exchange Commission. Information contained in this Preliminary Offering Circular is subject to completion or amendment. These securities may not be sold nor may offers to buy be accepted before the Offering Statement filed with the Commission is qualified. This Preliminary Offering Circular shall not constitute an offer to sell or the solicitation of an offer to buy nor may there be any sales of these securities in any state in which such offer, solicitation or sale would be unlawful before registration or qualification under the laws of any such state. We may elect to satisfy our obligation to deliver a Final Offering Circular by sending you a notice within two business days after the completion of our sale to you that contains the URL where the Final Offering Circular or the Offering Statement in which such Final Offering Circular was filed may be obtained.

 

FORM 1-A

 

REGULATION A OFFERING CIRCULAR UNDER THE SECURITIES ACT OF 1933

 

E Med Future, Inc.

4054 Sawyer Road

Sarasota, FL 34233

 

$10,000,000

200,000,000 SHARES OF COMMON STOCK

$0.02 to $0.07 PER SHARE

 

This is a public offering of up to $10,000,000 in shares of Common Stock of E Med Future, Inc. at a price between $0.02 and $0.07.

 

The offering price will be between $0.02 and $0.07, to be determined at the time of qualification. Offering price will be disclosed via a supplemental filing within two days of Qualification. The end date of the offering will be exactly 365 days from the date the Offering Circular is qualified by the Securities Exchange Commission (unless extended by the Company, in its own discretion, for up to another 90 days).

 

Please be advised that due to the ownership of super voting rights by our management team in the form of Preferred Shares, your voting rights as a common shareholder will be substantially limited.

 

These securities are speculative securities. Investment in the Company’s stock involves significant risk. You should purchase these securities only if you can afford a complete loss of your investment. See the “Risk Factors” section on page 5 of this Offering Circular.

 

This Preliminary Offering Circular is following the offering circular format described in Part II of Form 1-A.

 

No Escrow

 

The proceeds of this offering will not be placed into an escrow account. We will offer our Common Stock on a best efforts basis. As there is no minimum offering, upon the approval of any subscription to this Offering Circular, the Company shall immediately deposit said proceeds into the bank account of the Company and may dispose of the proceeds in accordance with the Use of Proceeds.

 

Subscriptions are irrevocable and the purchase price is non-refundable as expressly stated in this Offering Circular. All proceeds received by the Company from subscribers for this Offering will be available for use by the Company upon acceptance of subscriptions for the Securities by the Company.

 

The Company, by determination of the Board of Directors, in its sole discretion, may issue the Securities under this Offering for cash, promissory notes, services, and/or other consideration without notice to subscribers. The aggregate offering price will be based on the price at which the securities are offered for cash. Any portion of the aggregate offering price or aggregate sales attributable to cash received in a foreign currency will be translated into United States currency at a currency exchange rate in effect on, or at a reasonable time before, the date of the sale of the securities. If securities are not sold for cash, the aggregate offering price or aggregate sales will be based on the value of the consideration as established by bona fide sales of that consideration made within a reasonable time, or, in the absence of sales, on the fair value as determined by an accepted standard. Valuations of non-cash consideration will be reasonable at the time made.

 

Sale of these shares will commence within two calendar days of the qualification date and it will be a continuous Offering pursuant to Rule 251(d)(3)(i)(F).

 

This Offering will be conducted on a “best-efforts” basis, which means our Officers will use their commercially reasonable best efforts in an attempt to offer and sell the Shares. Our Officers will not receive any commission or any other remuneration for these sales. In offering the securities on our behalf, the Officers will rely on the safe harbor from broker-dealer registration set out in Rule 3a4-1 under the Securities Exchange Act of 1934, as amended.

 

This Offering Circular shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sales of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful, prior to registration or qualification under the laws of any such state.

 

Our Common Stock is traded in the OTCMarket Pink Open Market under the stock symbol “EMDF.”

 

Investing in our Common Stock involves a high degree of risk. See “Risk Factors” beginning on page 5 for a discussion of certain risks that you should consider in connection with an investment in our Common Stock.

   

    Per
Share
    Total
Maximum
 
Public Offering Price (1)(2)   $ 0.02 to 0.07     $ 10,000,000  
Underwriting Discounts and Commissions (3)   $ 0.00     $ 0  
Proceeds to Company   $ 0.02 to 0.07     $ 10,000,000  

 

(1) We are offering shares on a continuous basis. See “Distribution – Continuous Offering”.

(2) This is a “best efforts” offering. The proceeds of this offering will not be placed into an escrow account. We will offer our Common Stock on a best efforts basis. As there is no minimum offering, upon the approval of any subscription to this Offering Circular, the Company shall immediately deposit said proceeds into the bank account of the Company and may dispose of the proceeds in accordance with the Use of Proceeds. See “How to Subscribe.”

(3) We are offering these securities without an underwriter.

 

Our Board of Directors used its business judgment in setting a value range of $0.02 to $0.07 per share to the Company as consideration for the stock to be issued under the Offering. The sales price per share bears no relationship to our book value or any other measure of our current value or worth.

 

No sale may be made to you in this offering if the aggregate purchase price you pay is more than 10% of the greater of your annual income or your net worth. Different rules apply to accredited investors and non-natural persons. Before making any representation that your investment does not exceed applicable thresholds, we encourage you to review Rule 251(d)(2)(i)(C) of Regulation A. For general information on investing, we encourage you to refer to www.investor.gov.

 

THIS OFFERING CIRCULAR DOES NOT CONSTITUTE AN OFFER OR SOLICITATION IN ANY JURISDICTION IN WHICH SUCH AN OFFER OR SOLICITATION WOULD BE UNLAWFUL. NO PERSON HAS BEEN AUTHORIZED TO GIVE ANY INFORMATION OR TO MAKE ANY REPRESENTATIONS CONCERNING THE COMPANY OTHER THAN THOSE CONTAINED IN THIS OFFERING CIRCULAR, AND IF GIVEN OR MADE, SUCH OTHER INFORMATION OR REPRESENTATION MUST NOT BE RELIED UPON.

 

THE U.S. SECURITIES AND EXCHANGE COMMISSION DOES NOT PASS UPON THE MERITS OF OR GIVE ITS APPROVAL TO ANY SECURITIES OFFERED OR THE TERMS OF THE OFFERING, NOR DOES IT PASS UPON THE ACCURACY OR COMPLETENESS OF ANY OFFERING CIRCULAR OR OTHER SOLICITATION MATERIALS. THESE SECURITIES ARE OFFERED PURSUANT TO AN EXEMPTION FROM REGISTRATION WITH THE COMMISSION; HOWEVER, THE COMMISSION HAS NOT MADE AN INDEPENDENT DETERMINATION THAT THE SECURITIES OFFERED ARE EXEMPT FROM REGISTRATION.

 

The date of this Offering Circular is November ___, 2021.

 

 

 

     

 

 

TABLE OF CONTENTS

 

 

Page

CAUTIONARY STATEMENT REGARDING FORWARD-LOOKING STATEMENTS 1
SUMMARY 2
THE OFFERING 4
RISK FACTORS 5
USE OF PROCEEDS 31
DILUTION 32
DISTRIBUTION 33
MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS 35
BUSINESS 37
MANAGEMENT 43
EXECUTIVE COMPENSATION 45
CERTAIN RELATIONSHIPS AND RELATED PARTY TRANSACTIONS 46
PRINCIPAL STOCKHOLDERS 48
DESCRIPTION OF SECURITIES 49
DIVIDEND POLICY 51
SECURITIES OFFERED 51
SHARES ELIGIBLE FOR FUTURE SALE 52
LEGAL MATTERS 52
EXPERTS 52
WHERE YOU CAN FIND MORE INFORMATION 52
INDEX TO CONSOLIDATED FINANCIAL STATEMENTS F-1

 

We are offering to sell, and seeking offers to buy, our securities only in jurisdictions where such offers and sales are permitted. You should rely only on the information contained in this Offering Circular. We have not authorized anyone to provide you with any information other than the information contained in this Offering Circular. The information contained in this Offering Circular is accurate only as of its date, regardless of the time of its delivery or of any sale or delivery of our securities. Neither the delivery of this Offering Circular nor any sale or delivery of our securities shall, under any circumstances, imply that there has been no change in our affairs since the date of this Offering Circular. This Offering Circular will be updated and made available for delivery to the extent required by the federal securities laws.

 

In this Offering Circular, unless the context indicates otherwise, references to “E Med Future”, “we”, the “Company”, “our” and “us” refer to the activities of and the assets and liabilities of the business and operations of E Med Future, Inc.

 

 

 

 

 

 

 

 

 

 

 

  i  

 

 

PROSPECTIVE INVESTORS ARE NOT TO CONSTRUE THE CONTENTS OF THIS OFFERING CIRCULAR, OR OF ANY PRIOR OR SUBSEQUENT COMMUNICATIONS FROM THE COMPANY OR ANY OF ITS EMPLOYEES, AGENTS OR AFFILIATES, AS INVESTMENT, LEGAL, FINANCIAL OR TAX ADVICE.

 

NASAA UNIFORM LEGEND

 

FOR RESIDENTS OF ALL STATES: THE PRESENCE OF A LEGEND FOR ANY GIVEN STATE REFLECTS ONLY THAT A LEGEND MAY BE REQUIRED BY THAT STATE AND SHOULD NOT BE CONSTRUED TO MEAN AN OFFER OR SALE MAY BE MADE IN A PARTICULAR STATE. IF YOU ARE UNCERTAIN AS TO WHETHER OR NOT OFFERS OR SALES MAY BE LAWFULLY MADE IN ANY GIVEN STATE, YOU ARE HEREBY ADVISED TO CONTACT THE COMPANY. THE SECURITIES DESCRIBED IN THIS OFFERING CIRCULAR HAVE NOT BEEN REGISTERED UNDER ANY STATE SECURITIES LAWS (COMMONLY CALLED ‘BLUE SKY’ LAWS).

 

IN MAKING AN INVESTMENT DECISION INVESTORS MUST RELY ON THEIR OWN EXAMINATION OF THE PERSON OR ENTITY CREATING THE SECURITIES AND THE TERMS OF THE OFFERING, INCLUDING THE MERITS AND RISKS INVOLVED. THESE SECURITIES HAVE NOT BEEN RECOMMENDED BY ANY FEDERAL OR STATE SECURITIES COMMISSION OR REGULATORY AUTHORITY. FURTHERMORE, THE FOREGOING AUTHORITIES HAVE NOT CONFIRMED THE ACCURACY OR DETERMINED THE ADEQUACY OF THIS DOCUMENT. ANY REPRESENTATION TO THE CONTRARY IS A CRIMINAL OFFENSE. 

 

NOTICE TO FOREIGN INVESTORS

 

IF THE PURCHASER LIVES OUTSIDE THE UNITED STATES, IT IS THE PURCHASER’S RESPONSIBILITY TO FULLY OBSERVE THE LAWS OF ANY RELEVANT TERRITORY OR JURISDICTION OUTSIDE THE UNITED STATES IN CONNECTION WITH ANY PURCHASE OF THE SECURITIES, INCLUDING OBTAINING REQUIRED GOVERNMENTAL OR OTHER CONSENTS OR OBSERVING ANY OTHER REQUIRED LEGAL OR OTHER FORMALITIES. THE COMPANY RESERVES THE RIGHT TO DENY THE PURCHASE OF THE SECURITIES BY ANY FOREIGN PURCHASER.

 

Forward Looking Statement Disclosure

 

This Form 1-A, Offering Circular, and any documents incorporated by reference herein or therein contain forward-looking statements and are subject to risks and uncertainties. All statements other than statements of historical fact or relating to present facts or current conditions included in this Form 1-A, Offering Circular, and any documents incorporated by reference are forward-looking statements. Forward-looking statements give the Company’s current reasonable expectations and projections relating to its financial condition, results of operations, plans, objectives, future performance and business. You can identify forward-looking statements by the fact that they do not relate strictly to historical or current facts. These statements may include words such as ‘anticipate,’ ‘estimate,’ ‘expect,’ ‘project,’ ‘plan,’ ‘intend,’ ‘believe,’ ‘may,’ ’should,’ ‘can have,’ ‘likely’ and other words and terms of similar meaning in connection with any discussion of the timing or nature of future operating or financial performance or other events. The forward-looking statements contained in this Form 1-A, Offering Circular, and any documents incorporated by reference herein or therein are based on reasonable assumptions the Company has made in light of its industry experience, perceptions of historical trends, current conditions, expected future developments and other factors it believes are appropriate under the circumstances. As you read and consider this Form 1-A, Offering Circular, and any documents incorporated by reference, you should understand that these statements are not guarantees of performance or results. They involve risks, uncertainties (many of which are beyond the Company’s control) and assumptions. Although the Company believes that these forward-looking statements are based on reasonable assumptions, you should be aware that many factors could affect its actual operating and financial performance and cause its performance to differ materially from the performance anticipated in the forward-looking statements. Should one or more of these risks or uncertainties materialize or should any of these assumptions prove incorrect or change, the Company’s actual operating and financial performance may vary in material respects from the performance projected in these forward-looking statements. Any forward-looking statement made by the Company in this Form 1-A, Offering Circular or any documents incorporated by reference herein speaks only as of the date of this Form 1-A, Offering Circular or any documents incorporated by reference herein. Factors or events that could cause our actual operating and financial performance to differ may emerge from time to time, and it is not possible for the Company to predict all of them. The Company undertakes no obligation to update any forward-looking statement, whether as a result of new information, future developments or otherwise, except as may be required by law.

 

 

 

  ii  

 

 

CAUTIONARY STATEMENT REGARDING FORWARD-LOOKING STATEMENTS

______

 

Some of the statements under “Summary”, “Risk Factors”, “Management's Discussion and Analysis of Financial Condition and Results of Operations”, “Our Business” and elsewhere in this Offering Circular constitute forward-looking statements. Forward-looking statements relate to expectations, beliefs, projections, future plans and strategies, anticipated events or trends and similar matters that are not historical facts. In some cases, you can identify forward-looking statements by terms such as “anticipate”, “believe”, “could”, “estimate”, “expect”, “intend”, “may”, “plan”, “potential”, “should”, “will” and “would” or the negatives of these terms or other comparable terminology.

 

You should not place undue reliance on forward looking statements. The cautionary statements set forth in this Offering Circular, including in “Risk Factors” and elsewhere, identify important factors which you should consider in evaluating our forward-looking statements. These factors include, among other things:

 

  · The speculative nature of the business we intend to develop;

 

  · Our reliance on suppliers and customers;

 

  · Our dependence upon external sources for the financing of our operations, particularly given that there are concerns about our ability to continue as a “going concern;”

 

  · Our ability to effectively execute our business plan;

 

  · Our ability to manage our expansion, growth and operating expenses;

 

  · Our ability to finance our businesses;

 

  · Our ability to promote our businesses;

 

  · Our ability to compete and succeed in highly competitive and evolving businesses;

 

  · Our ability to respond and adapt to changes in technology and customer behavior; and

 

  · Our ability to protect our intellectual property and to develop, maintain and enhance strong brands.

 

Although the forward-looking statements in this Offering Circular are based on our beliefs, assumptions and expectations, taking into account all information currently available to us, we cannot guarantee future transactions, results, performance, achievements or outcomes. No assurance can be made to any investor by anyone that the expectations reflected in our forward-looking statements will be attained, or that deviations from them will not be material and adverse. We undertake no obligation, other than as maybe be required by law, to re-issue this Offering Circular or otherwise make public statements updating our forward-looking statements.

 

 

 

 

 

 

 

 

 

  1  

 

 

SUMMARY

______

 

This summary highlights selected information contained elsewhere in this Offering Circular. This summary is not complete and does not contain all the information that you should consider before deciding whether to invest in our Common Stock. You should carefully read the entire Offering Circular, including the risks associated with an investment in the company discussed in the “Risk Factors” section of this Offering Circular, before making an investment decision. Some of the statements in this Offering Circular are forward-looking statements. See the section entitled “Cautionary Statement Regarding Forward-Looking Statements.”

 

Company Information

 

The Company, sometimes referred to herein as “we,” “us,” “our,” and the “Company” and/or “E Med Future, Inc.” was incorporated as Acem Holdings, Inc. on March 14, 1990, under the laws of the State of Nevada.

 

On January 13th, 2021, Synergy Management Group adopted a resolution that designated a class of capital stock as “Special 2021 Series A Preferred”, par value $.001 per share. The number of authorized shares of 2021 Series A Preferred Stock is fifteen (15) shares. The Special 2021 Series A Preferred has 60% voting rights over all classes of stock and is convertible into 500,000,000 shares of the Company’s common stock.

 

On February 22, 2021, in a private transaction, Synergy Management Group entered into a Securities Purchase Agreement (the SPA”) with Kompo Family Company, a Florida limited liability company, to sell the Special 2021 Series A Preferred Stock. Upon closing of the SPA on February 22, 2021, Kompo Family Company, LLC acquired 60% voting control of the Company.

 

On June 3, 2021, the Company filed a Certificate of Amendment to Articles of Incorporation with the State of Nevada to change the Company’s name from XL Rent, Inc. to E Med Future, Inc.

 

On September 15, 2021, the Board of Directors amended the Company’s Certificate of Incorporation to increase the Company’s authorized shares to 750,000,000 of Common Stock, par value $0.001 and 15 shares of 2021 Special Series A Preferred Shares , par value $0.001.

 

On October 7, 2021, the Board of Directors amended the Company’s Certificate of Incorporation to increase the Company’s authorized shares to 900,000,000 of Common Stock, par value $0.001 and 10,000,000 shares of Preferred Stock, par value $0.001 and designated 15 shares of Preferred Stock as 2021 Special Series A Preferred Shares , par value $0.001.

 

On October 7, 2021, the Company purchased one hundred percent of the membership interests of BBPL, LLC and Brooksville Project, LLC from Gary and Elizabeth Kompothecras for $5,000,000.00 of Company shares.

  

The Company’s purpose is to develop, produce, invest in, distribute, manage and structure a diversified portfolio of entertainment investments, between $100,000 and $5 million dollars per investment. We expect to use substantially all of the net proceeds from this offering to develop, produce, invest in, distribute, manage and structure motion picture, television, new media, and other entertainment-related production financing, equity investments, mezzanine loans, and participations in such financing and investments. We may also invest in entertainment-related equity securities, debt securities, tax credit financing, and other entertainment-related assets. 

 

 

 

  2  

 

 

Section 15(g) of the Securities Exchange Act of 1934

 

Our shares are covered by section 15(g) of the Securities Exchange Act of 1934, as amended that imposes additional sales practice requirements on broker/dealers who sell such securities to persons other than established customers and accredited investors (generally institutions with assets in excess of $5,000,000 or individuals with net worth in excess of $1,000,000 or annual income exceeding $200,000 or $300,000 jointly with their spouses). For transactions covered by the Rule, the broker/dealer must make a special suitability determination for the purchase and have received the purchaser's written agreement to the transaction prior to the sale. Consequently, the Rule may affect the ability of broker/dealers to sell our securities and also may affect your ability to sell your shares in the secondary market.

 

Section 15(g) also imposes additional sales practice requirements on broker/dealers who sell penny securities. These rules require a one page summary of certain essential items. The items include the risk of investing in penny stocks in both public offerings and secondary marketing; terms important to in understanding of the function of the penny stock market, such as bid and offer quotes, a dealers spread and broker/dealer compensation; the broker/dealer compensation, the broker/dealers’ duties to its customers, including the disclosures required by any other penny stock disclosure rules; the customers’ rights and remedies in cases of fraud in penny stock transactions; and, the FINRA’s toll free telephone number and the central number of the North American Securities Administrators Association, for information on the disciplinary history of broker/dealers and their associated persons.

 

Dividends

 

The Company has not declared or paid a cash dividend to stockholders since it was organized and does not intend to pay dividends in the foreseeable future. The board of directors presently intends to retain any earnings to finance our operations and does not expect to authorize cash dividends in the foreseeable future. Any payment of cash dividends in the future will depend upon the Company's earnings, capital requirements and other factors.

 

Trading Market

 

Our Common Stock trades in the OTCMarket Pink Open Market Sheets under the symbol EMDF.

 

The Kompo Family Company, LLC (“Kompo”), is the owner of all of the outstanding shares of the Company’s Special 2021 Series A Preferred Stock. Kompo is 100% owned and controlled through various trusts by the children of the Company’s CEO, Gary Kompothecras. Special 2021 Series A Preferred shareholders have voting rights equal to sixty percent (60%) of all votes entitled to be voted at any annual or special meeting of the shareholders of the Corporation or action by written consent of shareholders. Thus, Kompo possesses significant influence and can elect a majority of our Board of Directors and authorize or prevent proposed significant corporate transactions. Kompo’s ownership and control of Special 2021 Series A Preferred Stock may also have the effect of delaying or preventing a future change in control, impeding a merger, consolidation, takeover or other business combination or discourage a potential acquirer from making a tender offer. Kompo’s ownership and control of Special 2021 Series A Preferred gives it the control of 60% of the Company’s voting shares regardless of the number of shares sold pursuant to this Offering. If you acquire our Shares, you will have no effective voice in the management of our Company. Such concentrated control of our Company may adversely affect the price of our Shares. Such concentrated control may also make it difficult for our shareholders to receive a premium for their Shares in the event that we merge with a third party or enter into different transactions, which require shareholder approval. These provisions could also limit the price that investors might be willing to pay in the future for our Shares.

 

 

 

 

 

 

 

 

 

 

  3  

 

 

THE OFFERING

______

 

 

Issuer:   E Med Future, Inc.
     
Securities offered:   A maximum of 200,000,000 shares of our common stock, par value $0.001 (“Common Stock”) at an offering price of $0.02 to $0.07 per share (the “Offered Shares”). (See “Distribution.”), for a total offering of $10 million.
     
Number of shares of Common Stock outstanding before the offering   42,560,615 issued and outstanding as of August 5, 2021
     
Number of shares of Common Stock to be outstanding after the offering   242,560,615 shares, if the maximum amount of Offered Shares are sold
     
Price per share:   $0.02 to $0.07
     
Maximum offering amount:   200,000,000 shares at $0.02 to $0.07 per share, or $10,000,000 (See “Distribution.”)
     
Trading Market:   Our Common Stock is trading on the OTC Markets Pink Open Market Sheets division under the symbol “EMDF”.
     
Use of proceeds:   If we sell all of the shares being offered, our net proceeds (after our estimated offering expenses) will be $9,900,000. We will use these net proceeds for working capital and other general corporate purposes.
     
Risk factors:  

Investing in our Common Stock involves a high degree of risk, including:

 

Immediate and substantial dilution.

 

Limited market for our stock.

 

See “Risk Factors.”

 

Investment Analysis

 

There is no assurance E Med Future, Inc. will be profitable, or that management’s opinion of the Company’s future prospects will not be outweighed in the by unanticipated losses, adverse regulatory developments and other risks. Investors should carefully consider the various risk factors below before investing in the Shares.

 

 

 

 

 

 

 

 

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RISK FACTORS

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The purchase of the Company’s Common Stock involves substantial risks. You should carefully consider the following risk factors in addition to any other risks associated with this investment. The Shares offered by the Company constitute a highly speculative investment and you should be in an economic position to lose your entire investment. The risks listed do not necessarily comprise all those associated with an investment in the Shares and are not set out in any particular order of priority. Additional risks and uncertainties may also have an adverse effect on the Company’s business and your investment in the Shares. An investment in the Company may not be suitable for all recipients of this Offering Circular. You are advised to consult an independent professional adviser or attorney who specializes in investments of this kind before making any decision to invest. You should consider carefully whether an investment in the Company is suitable in the light of your personal circumstances and the financial resources available to you.

 

The discussions and information in this Offering Circular may contain both historical and forward-looking statements. To the extent that the Offering Circular contains forward-looking statements regarding the financial condition, operating results, business prospects, or any other aspect of the Company’s business, please be advised that the Company’s actual financial condition, operating results, and business performance may differ materially from that projected or estimated by the Company in forward-looking statements. The Company has attempted to identify, in context, certain of the factors it currently believes may cause actual future experience and results may differ from the Company’s current expectations.

 

Before investing, you should carefully read and carefully consider the following risk factors:

  

The Current Coronavirus Pandemic May Adversely Affect the Global Economy and the Company’s Operations

 

As has been widely reported, the emergence of a novel coronavirus (SARS-CoV-2) and a related respiratory disease (COVID-19) in China resulted in the spread to additional countries throughout the world, including the United States, leading to a global pandemic.

 

The COVID-19 pandemic has led to severe disruptions and volatility in the global supply chain, market and economies, and those disruptions have since intensified and will likely continue for some time.  Concern about the potential effects of COVID-19 and the effectiveness of measures being put in place by global governmental bodies at various levels as well as by private enterprises (such as workplaces, trade groups, amateur and professional sports leagues and conferences, places of worship, schools and retail establishments, among others) to contain or mitigate the spread of COVID-19 have adversely affected economic conditions and markets globally, and have led to significant, sustained and unprecedented volatility in the financial markets.  Measures implemented in the United States to limit the spread of COVID-19, such as quarantines, event cancellations and social distancing, will significantly limit economic activity.  There can be no assurance that such measures or other additional measures implemented from time to time will be successful in limiting the spread of the virus and what effect those measures will have on the economy generally or on the Company.

 

There can be no assurance that any measures undertaken by the federal government, or by state or local governments, will be effective to mitigate the negative near-term and potentially longer-term impact of the COVID-19 pandemic on employment, construction and the global economy more generally.

 

Many businesses have moved to a remote working environment, temporarily suspended operations, laid-off or furloughed a significant percentage of their workforce or shut down completely.  Other businesses have transitioned or may in the future transition all or a substantial portion of their operations to remote working environments (as a result of state or local requirements or otherwise in response to the COVID-19 pandemic). Although the Company had already implemented a remote work environment, there is no assurance that the continued remote working environment will not have a material adverse impact on the Company or its customers, which may adversely impact the Company and its operations.

 

The COVID-19 pandemic did not require the closure of Company operations. The Company suspended in-person client and business development meetings in late March 2020. During the timeframe in which in-person meetings were suspended, Company management reallocated resources to on-line client and business development.

 

Management’s outlook for the near-term business operations will mirror the overall continued reopening of business operations within the United States.

 

 

 

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Natural disasters and other events beyond our control could materially adversely affect us.

 

Natural disasters or other catastrophic events may cause damage or disruption to our operations, international commerce and the global economy, and thus could have a strong negative effect on us. Our business operations are subject to interruption by natural disasters, fire, power shortages, pandemics and other events beyond our control. Although we maintain crisis management and disaster response plans, such events could make it difficult or impossible for us to deliver our services to our customers and could decrease demand for our services. In the spring of 2020, large segments of the U.S. and global economies were impacted by COVID-19, a significant portion of the U.S. population are subject to “stay at home” or similar requirements. The extent of the impact of COVID-19 on our operational and financial performance will depend on certain developments, including the duration and spread of the outbreak, impact on our customers and our sales cycles, impact on our customer, employee or industry events, and effect on our vendors, all of which are uncertain and cannot be predicted. At this point, the extent to which COVID-19 may impact our financial condition or results of operations is uncertain. To date, the COVID-19 outbreak, has significantly impacted global markets, U.S. employment numbers, as well as the business prospects of many small businesses (our potential clients). To the extent COVID-19 continues to wreak havoc on the markets and limits investment capital or personally impacts any of our key employees, it may have significant impact on our results and operations.

 

We may not be able to successfully compete against companies with substantially greater resources.

 

The industry of film finance, production and development in which we operate in general is subject to intense and increasing competition. Some of our competitors may have greater capital resources which may enable them to compete more effectively in this market. Our competitors may devote their resources to developing and marketing products that will directly compete with our product lines. Due to this competition, there is no assurance that we will not encounter difficulties in obtaining revenues and market share or in the positioning of our products. There are no assurances that competition in our respective industries will not lead to reduced prices for our products. If we are unable to successfully compete with existing companies and new entrants to the market this will have a negative impact on our business and financial condition.

 

We face substantial capital requirements and financial risks.

 

The production, acquisition and distribution of motion pictures and television content requires substantial capital. A significant amount of time may elapse between our expenditure of funds and the receipt of revenues after release or distribution of such content. Although we reduce the risks of production exposure through tax credit programs, government and industry programs, co-financiers and other sources, we cannot assure you that we will continue to successfully implement these arrangements or that we will not be subject to substantial financial risks relating to the production, acquisition and distribution of future motion picture and television content. Additionally, the production, completion and distribution of motion picture and television content can be subject to a number of uncertainties, including delays and increased expenditures due to disruptions or events beyond our control. As a result, if production incurs substantial budget overruns, we may have to seek additional financing or fund the overrun ourselves. We cannot make assurances regarding the availability of such additional financing on terms acceptable to us, or that we will recoup these costs. For instance, increased costs or budget overruns incurred with respect to a particular film may prevent a picture from being completed or released or may result in a delayed release and the postponement to a potentially less favorable date, all of which could cause a decline in box office performance, and, thus, the overall financial success of such film. Any of the foregoing could have a material adverse effect on our business, financial condition, operating results, liquidity and prospects.

 

We may incur significant write-offs if our projects do not perform well enough to recoup costs.

 

We are required to amortize capitalized production costs over the expected revenue streams as we recognize revenue from films or other projects. The amount of production costs that will be amortized each quarter depends on, among other things, how much future revenue we expect to receive from each project. Unamortized production costs are evaluated for impairment each reporting period on a project-by-project basis. If estimated remaining revenue is not sufficient to recover the unamortized production costs, including because of delayed theatrical distribution of films as a result of the COVID-19 global pandemic and its effects, those costs will be written down to fair value. In any given quarter, if we lower our previous forecast with respect to total anticipated revenue from any film or other project, we may be required to accelerate amortization or record impairment charges with respect to the unamortized costs, even if we previously recorded impairment charges for such film or other project. Such impairment charges could adversely impact our business, operating results and financial condition.

 

 

 

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Changes in our business strategy, plans for growth or restructuring may increase our costs or otherwise affect our profitability.

 

As changes in our business environment occur, we may adjust our business strategies to meet these changes, which may include growing a particular area of business or restructuring a particular business or asset. In addition, external events including changing technology, changing consumer patterns, acceptance of our theatrical and television offerings and changes in macroeconomic conditions, including the volatility and uncertainty in financial markets as a result of the COVID-19 global pandemic, may impair the value of our assets. When these occur, we may incur costs to change our business strategy and may need to write down the value of assets. We may also make investments in existing or new businesses, including investments in the international expansion of our business and in new business lines. Some of these investments may have negative or low short-term returns and the ultimate prospects of the businesses may be uncertain or, in international markets, may not develop at a rate that supports our level of investment. In any of these events, our costs may increase, we may have significant charges associated with the write-down of assets, or returns on new investments may be lower than prior to the change in strategy, plans for growth or restructuring.

 

Our revenues and results of operations may fluctuate significantly.

 

Our results of operations depend significantly upon the commercial success of the motion picture, television and other content that we sell, license or distribute, which cannot be predicted with certainty. In particular, the underperformance at the box office of one or more motion pictures in any period may cause our revenue and earnings results for that period (and potentially, subsequent periods) to be less than anticipated, in some instances, to a significant extent. Accordingly, our results of operations may fluctuate significantly from period to period, and the results of any one period may not be indicative of the results for any future periods. Our results of operations also fluctuate due to the timing, mix, number and availability of our theatrical motion picture releases, as well as license periods for content. Our operating results may increase or decrease during a particular period or fiscal year due to differences in the number and/or mix of films released compared to the corresponding period in the prior fiscal year. In addition, the comparability of our results may be affected by changes in accounting guidance or changes in our ownership of certain assets and businesses. Accordingly, our results of operations from year to year may not be directly comparable to prior reporting periods.

 

We do not have long-term arrangements with many of our production or co-financing partners.

 

We typically do not enter into long term production contracts with the creative producers of motion picture and television content that we produce, acquire or distribute. There is no guarantee that we will produce, acquire or distribute future content by any creative producer or co-financing partner, and a failure to do so could adversely affect our business, financial condition, operating results, liquidity and prospects.

 

We rely on a few major retailers and distributors and the loss of any of those could reduce our revenues and operating results.

 

A small number of other retailers and distributors account for a material percentage of our revenues. We do not have long-term agreements with retailers. We cannot assure you that we will continue to maintain favorable relationships with our retailers and distributors or that they will not be adversely affected by economic conditions, including as a result of the COVID-19 global pandemic and its effects. 

 

 

 

  7  

 

 

We are subject to risks associated with possible acquisitions, dispositions, business combinations, or joint ventures.

 

From time to time, we engage in discussions and activities with respect to possible acquisitions, sale of assets, business combinations, or joint ventures intended to complement or expand our business. However, we may not realize the anticipated benefit from the transactions we pursue; there may be liabilities assumed that we did not discover or that we underestimated in the course of performing our due diligence; the negotiation of the transaction and the integration of the acquired business could require us to incur significant costs and cause diversion of management's time and resources; the transaction could result in impairment of goodwill and other intangibles, development write-offs and other related expenses; the transaction may pose challenges in the consolidation and integration of information technology, accounting systems, personnel and operations; and we may have difficulty managing the combined entity in the short term if we experience a significant loss of management personnel during the transition period after a significant acquisition. No assurance can be given that expansion or acquisition opportunities will be successful, completed on time, or that we will realize expected operating efficiencies, cost savings, revenue enhancements, synergies or other benefits. Any of the foregoing could have a material adverse effect on our business, financial condition, operating results, liquidity and prospects. If we determine to sell individual properties, libraries or other assets or businesses, we will benefit from the net proceeds realized from such sales. However, our revenues may suffer in the long term due to the disposition of a revenue generating asset, or the timing of such dispositions may be poor, causing us to fail to realize the full value of the disposed asset, all of which may diminish our ability to service our indebtedness and repay our notes and our other indebtedness at maturity. Furthermore, our future growth may be inhibited if the disposed asset contributed in a significant way to the diversification of our business platform.

 

Our success depends on external factors in the motion picture and television industry.

 

Generally, the popularity of our content depends on many factors, including the critical acclaim they receive, the format of their initial release, their talent, their genre and their specific subject matter, audience reaction, the quality and acceptance of content that our competitors release into the marketplace at or near the same time, critical reviews, the availability of alternative forms of entertainment and leisure activities, general economic conditions and other tangible and intangible factors, many of which we do not control and all of which may change. In addition, because a performance in ancillary markets, such as home video and pay and free television, is often directly related to its box office performance or television ratings, poor box office results or poor television ratings may negatively affect future revenue streams. Our success will depend on the experience and judgment of our management to select and develop new investment and production opportunities.

 

We compete with other programming services, including cable programming, national broadcast television, local broadcast television stations and digital services to secure desired programming, the competition for which has increased as the number of programming services has increased. Increased competition may drive up talent and production costs and may force some programming services to commit to straight-to-series orders for programming instead of a pilot order. If we commit to straight-to-series orders and those series do not meet anticipated production or quality standards or are otherwise not accepted by audiences, revisions to the programming may be necessary, which could increase production costs. The increased financial commitment for a straight-to-series order also could increase the risks associated with such an order. Other programming services that are affiliated with programming sources such as movie or television studios or film libraries may have a competitive advantage over us in this area. Some of these competitors have exclusive contracts with motion picture studios or independent motion picture distributors or own film libraries.

 

Global economic turmoil and regional economic conditions in the U.S. could adversely affect our business.

 

Global economic turmoil, such as that being created by the COVID-19 global pandemic and its effects, may cause a general tightening in the credit markets, lower levels of liquidity, increases in the rates of default and bankruptcy, levels of intervention from the U.S. federal government and other foreign governments, decreased consumer confidence, overall slower economic activity and extreme volatility in credit, equity and fixed income markets. A decrease in economic activity in the U.S. or in other regions of the world in which we do business could adversely affect demand for our content, thus reducing our revenues and earnings. A decline in economic conditions could reduce performance of our theatrical, television and home entertainment releases. In addition, an increase in price levels generally could result in a shift in consumer demand away from the entertainment we offer, which could also adversely affect our revenues and, at the same time, increase our costs. For instance, lower household income and decreases in U.S. consumer discretionary spending, which is sensitive to general economic conditions, may affect cable television and other video service subscriptions, in particular with respect to digital programming packages, premium video programming packages and premium a la carte services on which our networks are typically carried. A reduction in spending may cause a decrease in subscribers to our networks, which could have a materially adverse impact on our business, financial condition, operating results, liquidity and prospects. Moreover, financial institution failures may cause us to incur increased expenses, or make it more difficult to finance any future acquisitions, or engage in other financing activities.

 

 

 

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We could be adversely affected by strikes or other union job actions.

 

We are directly or indirectly dependent upon highly specialized union members who are essential to the production of motion pictures and television content. A strike by, or a lockout of, one or more of the unions that provide personnel essential to the production of motion pictures or television content could delay or halt our ongoing production activities, or could cause a delay or interruption in our release of new motion pictures and television content. A strike may result in increased costs and decreased revenue, which could have a material adverse effect on our business, financial condition, operating results, liquidity and prospects.

 

We face substantial competition in all aspects of our business.

 

We are an independent financier and producer of motion pictures. Most of the major U.S. studios are part of large diversified corporate groups with a variety of other operations that can provide both the means of distributing their products and stable sources of earnings that may allow them to better offset fluctuations in the financial performance of their motion picture and television operations.

 

We must successfully respond to technological changes and alternative forms of delivery or storage to remain competitive.

 

The entertainment industry continues to undergo significant developments as advances in technologies and new methods of product delivery and storage (including the emergence of alternative distribution platforms), and certain changes in consumer behavior driven by these developments emerge. New technologies affect the demand for our content, the manner in which our content is distributed to consumers, the sources and nature of competing content offerings and the time and manner in which consumers acquire and view our content. New technologies also may affect our ability to maintain or grow our business and may increase our capital expenditures. We and our distributors must adapt our businesses to shifting patterns of content consumption and changing consumer behavior and preferences through the adoption and exploitation of new technologies. If we cannot successfully exploit these and other emerging technologies, our appeal to targeted audiences might decline which could have a material adverse effect on our business, financial condition, operating results, liquidity and prospects.

 

Protecting and defending against intellectual property claims may have a material adverse effect on our business.

 

Our ability to compete depends, in part, upon successful protection of our intellectual property. We attempt to protect proprietary and intellectual property rights to our productions through available copyright and trademark laws and licensing and distribution arrangements with reputable international companies in specific territories and media for limited durations. Despite these precautions, existing copyright and trademark laws afford only limited practical protection in certain countries where we distribute our products. As a result, it may be possible for unauthorized third parties to copy and distribute our productions or certain portions or applications of our intended productions, which could have a material adverse effect on our business, financial condition, operating results, liquidity and prospects. Litigation may also be necessary to enforce our intellectual property rights, to protect our trade secrets, or to determine the validity and scope of the proprietary rights of others or to defend against claims of infringement or invalidity. Any such litigation, infringement or invalidity claims could result in substantial costs and the diversion of resources and could have a material adverse effect on our business, financial condition, operating results, liquidity and prospects. Our more successful and popular film or television products or franchises may experience higher levels of infringing activity, particularly around key release dates. Alleged infringers have claimed and may claim that their products are permitted under fair use or similar doctrines, that they are entitled to compensatory or punitive damages because our efforts to protect our intellectual property rights are illegal or improper, and that our key trademarks or other significant intellectual property are invalid. Such claims, even if meritless, may result in adverse publicity or costly litigation. We vigorously defend our copyrights and trademarks from infringing products and activity, which can result in litigation. We may receive unfavorable preliminary or interim rulings in the course of litigation, and there can be no assurance that a favorable final outcome will be obtained in all cases. Additionally, one of the risks of the film and television production business is the possibility that others may claim that our productions and production techniques misappropriate or infringe the intellectual property rights of third parties. From time to time we are subject to claims and legal proceedings regarding alleged infringement by us of the intellectual property rights (including patents) of third parties. Such claims, whether or not meritorious, may result in the expenditure of significant financial and managerial resources, require the development of alternative technology or business practices, injunctions against us, or payments for licenses or damages. These risks have been amplified by the increase in third parties whose sole or primary business is to assert such claims. Regardless of the validity or the success of the assertion of any such claims, we could incur significant costs and diversion of resources in enforcing our intellectual property rights or in defending against such claims, which could have a material adverse effect on our business, financial condition, operating results, liquidity and prospects.

 

 

 

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Our business involves risks of liability claims for content of material, which could adversely affect our business, results of operations and financial condition.

 

As a distributor of media content, we may face potential liability for defamation, invasion of privacy, negligence, copyright or trademark infringement, and other claims based on the nature and content of the materials distributed. These types of claims have been brought, sometimes successfully, against producers and distributors of media content. Any imposition of liability that is not covered by insurance or is in excess of insurance coverage could have a material adverse effect on our business, financial condition, operating results, liquidity and prospects.

 

Piracy of films and television programs could adversely affect our business over time.

 

Piracy is extensive in many parts of the world and is made easier by the availability of digital copies of content and technological advances allowing conversion of films and television content into digital formats. This trend facilitates the creation, transmission and sharing of high quality unauthorized copies of motion pictures and television content. The proliferation of unauthorized copies of these products has had and will likely continue to have an adverse effect on our business, because these products reduce the revenue we receive from our products. In order to contain this problem, we may have to implement elaborate and costly security and anti-piracy measures, which could result in significant expenses and losses of revenue. We cannot assure you that even the highest levels of security and anti-piracy measures will prevent piracy.

 

Service disruptions or failures of the Company’s or our vendors’ information systems and networks as a result of computer viruses, misappropriation of data or other bad acts, natural disasters, extreme weather, accidental releases of information or other similar events, may disrupt our businesses, damage our reputation or have a negative impact on our results of operations.

 

Shutdowns or service disruptions of our information systems or networks or to vendors that provide information systems, networks or other services to us pose increasing risks. Such disruptions may be caused by third-party hacking of computers and systems; dissemination of computer viruses, worms and other destructive or disruptive software; denial of service attacks and other bad acts, as well as power outages, natural disasters, extreme weather, terrorist attacks, pandemics (such as the COVID-19 global pandemic), or other similar events. Shutdowns or disruption from such events could have an adverse impact on us and our customers, including degradation or disruption of service, loss of data, release or threatened release of data publicly, misuse or threatened misuse of data, and damage to equipment and data. System redundancy may be ineffective or inadequate, and our disaster recovery planning may not be sufficient to cover everything that could happen. Significant events could result in a disruption of our operations, reduced revenues, the loss of or damage to the integrity of data used by management to make decisions and operate our business, damage to our reputation or brands or a loss of customers. We may not have adequate insurance coverage to compensate for any losses associated with such events.

 

We are also subject to risks caused by the misappropriation, misuse, falsification or intentional or accidental release or loss of data maintained in our information systems and networks or of our vendors, including sensitive or confidential personnel, customer or vendor data, business information or other sensitive or confidential information (including our content). We maintain this information and data either on our own systems or on those of third party vendors. While we take measures to protect against unauthorized intrusion into this information, we, or the vendors we use, could experience an unauthorized intrusion. The number and sophistication of attempted and successful information security breaches have increased in recent years and, as a result, the risks associated with such an event continue to increase. If a material breach of our information systems or those of our vendors occurs, the market perception of the effectiveness of our information security measures could be harmed, we could lose customers, our revenues could be adversely affected and our reputation, brands and credibility could be damaged. Current and potential customers may become unwilling to provide the information to us necessary for them to remain or become customers. We also may be required to notify regulators about any actual or perceived data breach (including the EU Lead Data Protection Authority) as well as the individuals who are affected by the incident within strict time periods. In addition, if a material breach of our information systems occurs, we could be required to expend significant amounts of money and other resources to review data and systems to determine the extent of any breach, repair or replace information systems or networks or to comply with notification requirements. We could be subject to actions by regulatory authorities and claims asserted in private litigation in the event of a breach of our information systems or our vendors.

 

 

 

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Our activities are subject to a variety of laws and regulations which may adversely impact our operations or, if violated, could subject us to an increased risk of litigation and regulatory actions.

 

Privacy. The global legal and regulatory environment governing our collection, use, storage, and transfer of personal information is complex, and continually evolving. In the ordinary course of our business, we collect and use the personal information of subscribers and potential subscribers through our websites and applications and those of third parties. Among other purposes, we use this information to engage with users, promote our programming, and monitor the use of our digital platforms. Our collection and use of personal information is governed by a number of complicated domestic and international data privacy and security laws and regulations, including but not limited to Regulation (EU) 2016/679, General Data Protection Regulation (“GDPR”) and the California Consumer Privacy Act of 2018 (“CCPA”). Complying with these and any future regulations, or related contractual or other obligations, may increase our operating costs and adversely impact our ability to market products and service customers, including through our STARZ direct-to-consumer business (which may be subject to additional consumer legal claims and increased regulation). Any actual or perceived failure to comply with these or any future regulations, or related contractual or other obligations, could disrupt our business, inhibit our ability to retain existing customers or attract new customers, lead to investigations, claims, and proceedings by governmental entities and private parties, damages for breach of contract, and other significant costs, fines, penalties, or other liabilities, as well as harm to our reputation and market position.

 

Internet and Other Media Operator Regulations. The adoption or modification of laws or regulations relating to the internet or other areas of our business could limit or otherwise adversely affect the manner in which we currently conduct our business. We anticipate that several jurisdictions may, over time, attempt to impose additional financial and regulatory obligations on us. If we are required to comply with new regulations or legislation or new interpretations of existing regulations or legislation, this compliance could cause us to incur additional expenses or alter our business model.

 

Changes in laws or regulations that adversely affect the growth, popularity or use of the internet, including laws impacting net neutrality, could decrease the demand for our service and increase our cost of doing business. Given uncertainty around these rules, coupled with potentially significant political and economic power of local network operators, we could experience discriminatory or anti-competitive practices that could impede our growth, cause us to incur additional expense or otherwise negatively affect our business.

 

This offering is being conducted by our officers and directors without the benefit of an underwriter, who could have confirmed the accuracy of the disclosures in our prospectus.

 

We have self-underwritten our offering on a “best efforts” basis, which means: No underwriter has engaged in any due diligence activities to confirm the accuracy of the disclosure in the prospectus or to provide input as to the offering price; our officers and directors will attempt to sell the shares and there can be no assurance that all of the shares offered under the prospectus will be sold or that the proceeds raised from the offering, if any, will be sufficient to cover the costs of the offering; and there is no assurance that we can raise the intended offering amount.

 

If our Company is dissolved, it is unlikely that there will be sufficient assets remaining to distribute to our shareholders.

 

In the event of the dissolution of our company, the proceeds realized from the liquidation of our assets, if any, will be used primarily to pay the claims of our creditors, if any, before there can be any distribution to the shareholders. In that case, the ability of purchasers of the offered shares to recover all or any portion of the purchase price for the offered shares will depend on the amount of funds realized and the claims to be satisfied there from.

 

If we are unable to gain any significant market acceptance for our service, or establish a significant market presence, we may be unable to generate sufficient revenue to continue our business.

 

Our growth strategy is substantially dependent upon our ability to successfully market our content and our movie studio to prospective screenwriters, producers and viewers. However, our planned business model may not achieve significant acceptance. Such acceptance, if achieved, may not be sustained for any significant period of time. Failure of our content and studio to achieve or sustain market acceptance could have a material adverse effect on our business, financial conditions and the results of our operations.

 

 

 

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Because the motion picture industry is highly speculative and inherently risky, our motion picture may not be commercially successful, in which case we will not be able to recover our costs or realize anticipated profits.

 

The motion picture industry is highly speculative and inherently risky. We cannot assure you that any motion picture we release, distribute, license, acquire or produce will be successful since the revenues derived from the production and distribution of a motion picture depend primarily upon its acceptance by the public, which cannot be predicted. The revenues derived also may not necessarily correlate to the production or distribution costs incurred. A motion picture's commercial success also depends upon the quality and acceptance of other competing films released into the marketplace at or near the same time, the availability of alternative forms of entertainment and leisure time activities, general economic conditions and other tangible and intangible factors, all of which can change and cannot be predicted with certainty. Therefore, there is a substantial risk that some or all of the motion pictures or other programs that we release, distribute, license, acquire or produce will not be commercially successful, resulting in costs not being recovered or anticipated profits not being realized. Additionally, forecasting film revenue and associated gross profits from our films prior to release is extremely difficult and may result in significant write-offs.

 

There are significant risks associated with the motion picture industry.

 

The completion and commercial success of a motion picture is extremely unpredictable, and the motion picture industry involves a substantial degree of risk. Each motion picture is an individual artistic work, and its commercial success is primarily determined by audience reaction, which is unpredictable. The completion and commercial success of a motion picture also depends upon other factors, such as:

 

  ·   talent and crew availability,

 

  ·   financing requirements,

 

  ·   distribution strategy, including the time of the year and the number of screens on which it is shown,

 

  ·   the number, quality and acceptance of other competing films released into the marketplace at or near the same time,

 

  ·   critical reviews,

 

  ·   the availability of alternative forms of entertainment and leisure time activities,

 

  ·   piracy and unauthorized recording, transmission and distribution of motion pictures,

 

  ·   general socioeconomic conditions and political events,

 

  ·   weather conditions, and

 

  ·   other tangible and intangible factors.

 

All of these factors can change and cannot be predicted with certainty. In addition, motion picture attendance is seasonal, with the greatest attendance typically occurring during the summer and holidays. The release of a film during a period of relatively low theater attendance is likely to affect the film’s box office receipts adversely.

 

 

 

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Domestic theatrical distribution is very competitive and dominated by major studio distributors.

 

Domestic theatrical distribution is very competitive. A substantial majority of the motion picture screens in the United States typically are committed at any one time to between 10 and 15 films distributed nationally by major studio distributors that can command greater access to available screens. Although some theaters specialize in exhibiting independent motion pictures and art-house films, there is intense competition for screen availability for these films as well. The number of motion pictures released theatrically in the United States also has increased in recent years, which has increased competition for exhibition outlets and audiences.

 

Piracy of motion pictures, including digital and Internet piracy, may decrease revenue received from the exploitation of our films.

 

Motion picture piracy is extensive in many parts of the world and is made easier by technological advances and the conversion of motion pictures into digital formats, which facilitates the creation, transmission and sharing of high quality unauthorized copies of motion pictures in theatrical release, on videotapes and DVDs, from pay-per-view through set top boxes and other devices and through unlicensed broadcasts on free TV and the Internet. The proliferation of unauthorized copies and piracy of these products has an adverse effect on our business because these products reduce the revenue we receive from our legitimate products. Unauthorized copying and piracy are prevalent in territories outside of the U.S., Canada and Western Europe and in countries where we may have difficulty enforcing our intellectual property rights. The U.S. government has publicly considered implementing trade sanctions against specific countries that, in its opinion, do not make appropriate efforts to prevent copyright infringements of U.S. produced motion pictures. There can be no assurance, however, that voluntary industry embargoes or U.S. government trade sanctions will be enacted or, if enacted, effective. If enacted, such actions could impact the amount of revenue that we realize from the international exploitation of motion pictures depending upon the countries subject to such action and the duration and effectiveness of such action. If embargoes or sanctions are not enacted or if other measures are not taken, we may lose an indeterminate amount of additional revenue as a result of motion picture piracy.

 

We cannot predict the effect that rapid technological change or alternative forms of entertainment may have on us or on the motion picture industry.

 

The entertainment industry in general, and the motion picture industry in particular, continue to undergo significant changes, primarily due to technological developments, including developments in DVD formats, such as HI-DEF and Blue Ray, 4K HDR, and digital delivery. Due to rapid growth of technology and shifting consumer tastes, we cannot accurately predict the overall effect that technological growth or availability of alternative forms of entertainment may have on the potential revenue from and profitability of our films. In addition, certain outlets for the distribution of motion pictures may not obtain the public acceptance that is or was previously predicted. For example, while we may benefit from the rapid growth in the DVD market, we cannot be assured that such growth will continue, or that other developing distribution channels, such as video-on-demand, will be accepted by the public or that, if they are accepted by the public, we will be successful in exploiting such channels. Moreover, to the extent that other distribution channels gain popular acceptance, it is possible that demand for existing delivery channels, such as DVDs, will decrease. If we are unable to exploit new delivery channels to the same extent that we have exploited existing channels, our business, results of operations or financial condition would be materially adversely affected.

 

Since we may require additional funds before we can complete our film, our expenses may be increased and it may take us longer to generate revenues. We have no way to predict when we will complete our film.

 

Since we are not generating revenues, we may need to raise additional capital through either equity or debt financings in order to continue operations and complete our film. We have no identifiable source of such funds and cannot guarantee that any source will develop in the near future. General overhead and administrative costs will be incurred by us during this period, which means any delay would also increase our expenses and reduce your potential return. If we do not have an additional source of operating capital and we are unable to complete the post production and marketing of our film, our ability to continue our business will be compromised and we may be forced to either significantly curtail our operations or shut down altogether.

 

 

 

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The distribution of our film could be affected by rating restrictions that would limit its marketability and accessibility to wider audiences, thus reducing our ability to generate revenues from its distribution.

 

Because our film contains mature themes, it may be subject to ratings restrictions and censorship, which would reduce our ability to commercialize our film.  Certain agreements we plan to obtain, including agreements with distribution companies, may be contingent upon our film ultimately receiving a rating classification from the Motion Picture Association of America, or MPAA, that is no more restrictive than PG.

 

We intend to produce our film in such a manner that it will receive a PG rating. However, our film contains mature themes, and it is difficult to predict how the MPAA will classify our film. If our film is unable to obtain a rating less restrictive than PG-13, then marketing and advertising support from the distributor may be reduced, resulting in fewer distribution venues and thus a smaller audience.

 

In addition, censors in certain foreign jurisdictions might find elements of Our film to be objectionable. We may be forced to make revisions before exhibiting Our film in these jurisdictions, further adding to our expenses. The release of Our film in certain jurisdictions may be denied regardless of revisions. These occurrences would reduce our international revenues.

 

We face competition for a finite amount of domestic and foreign markets from existing independent feature film production companies. Almost all of our competitors have greater financial and other resources than we have.

 

The motion picture industry is intensely competitive. Competition comes from companies within the same business and companies in other entertainment media that create alternative forms of leisure entertainment. We will be competing with the major film studios that dominate the motion picture industry. Some of these companies include: News Corporation's Twentieth Century Fox; AOL Time Warner's Warner Bros. including Turner, New Line Cinema and Castle Rock Entertainment; Viacom's Paramount Pictures; Vivendi Universal's Universal Studios; Sony Corp.'s Sony Pictures including Columbia and TriStar; Walt Disney Company's Buena Vista, Touchstone and Miramax and Metro-Goldwyn-Mayer including MGM Pictures, UA Pictures, Orion and Goldwyn. We will also compete with numerous independent motion picture production companies, television networks, and pay television systems, for the acquisition of literary properties, the services of performing artists, directors, producers, and other creative and technical personnel, and production financing. Nearly all of the companies we will compete with are organizations of substantially larger size and capacity, with far greater financial and personnel resources and longer operating histories, and may be better able to acquire properties, personnel and financing, and enter into more favorable distribution agreements.  In addition, our film will compete for audience acceptance with motion pictures produced and distributed by other companies. Our success is dependent on public taste, which is both unpredictable and susceptible to rapid change.

 

In order to be competitive, we must create a motion picture of aesthetic and narrative quality comparable to the films of the major film studios that appeals to a wide range of public taste both in the United States and abroad. Also, we plan on exploiting similar methods of distribution available to motion pictures. If we are unable to effectively compete with either the smaller or larger competition, our ability to earn revenue will be compromised and we may have to cease doing business. As a result, investors in us could lose their entire investment.

 

The Company’s competitors are rapidly changing and may be well capitalized and financially stronger. Our competitors could reproduce the company’s business model without significant barriers to entry.

 

 

 

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If consumers spend less on entertainment-related goods and services, we may have difficulty generating revenues and becoming profitable.

 

Our business opportunities are directly dependent upon the level of consumer spending on entertainment products and other related products, a discretionary spending item. In addition, our success depends upon a number of factors relating to consumer spending, including future economic conditions affecting disposable consumer income such as employment, business conditions, interest rates, and tax rates. Consumer spending in general or spending in the entertainment market in particular may decline, which would likely have a direct effect on our ability to generate revenues.

 

Our success is primarily dependent on audience acceptance of our film, which is extremely difficult to predict and therefore inherently risky.

 

We cannot predict the economic success of our motion pictures because the revenue derived from the distribution of our motion picture (which does not necessarily bear any correlation to the production or distribution costs incurred) depends primarily upon its acceptance by the public, which cannot be accurately predicted. The economic success of a motion picture also depends upon the public’s acceptance of competing films, the availability of alternative forms of entertainment and leisure time activities, general economic conditions and other tangible and intangible factors, all of which can change and cannot be predicted with certainty.

 

In general, the economic success of a motion picture is dependent on its domestic theatrical performance, which is a key factor in predicting revenue from other distribution channels and is largely determined by our ability to produce content and develop stories and characters that appeal to a broad audience and the effective marketing of the motion picture. If we are unable to accurately judge audience acceptance of our film content or to have the Film effectively marketed, the commercial success of the Film will be in doubt, which could result in costs not being recouped or anticipated profits not being realized. Moreover, we cannot assure you that our film will generate enough revenue to offset its distribution and marketing costs, in which case we would not receive any gross receipts for such film.

 

The costs of producing and marketing feature films have steadily increased and may increase in the future, which may make it more difficult for a film to generate a profit or compete against other films. The production and marketing of theatrical feature films requires substantial capital and the costs of producing and marketing feature films have generally increased in recent years. These costs may continue to increase in the future, which may make it more difficult for our films to generate a profit or compete against other films. Historically, production costs and marketing costs have risen at a rate faster than increases in either domestic admissions to movie theaters or admission ticket prices. A continuation of this trend would leave us more dependent on other media, such as home video, television, international markets and new media for revenue.

 

We compete for audiences based on a number of factors, many of which are beyond our control.

 

Prior to the COVID-19 pandemic, there was a general increase in movie theater attendance, the number of animated and live-action feature films released by competitors, particularly the major U.S. motion picture studios, may create an oversupply of product in the market, and may make it more difficult for our film to succeed. Oversupply of such products may become most pronounced during peak release times, such as school holidays, national holidays and the summer release season, when theater attendance has traditionally been highest. Although we may seek to release our film during peak release times, we cannot guarantee that we will be able to release all of our films during those times and, therefore, may miss potentially higher gross box-office receipts. In addition, a substantial majority of the motion picture screens in the U.S. typically are committed at any one time to only 10 to 15 films distributed nationally by major studio distributors. If our competitors were to increase the number of films available for distribution and the number of exhibition screens remained static, it could be more difficult for us to release our film during an optimal release period.

 

Further, due to the COVID-19 pandemic, movie theatre attendance has decreased and some films that were set to be released in movie theatres are now being directly released on platforms like HBOMAX, Amazon Prime, and Netflix. Our films may only be released on a streaming platform which could decrease the amount of revenue generated by such films.

 

 

 

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Our film production budgets may increase, and film production spending may exceed our budget.

 

Our film budget may continue to increase due to factors including, but not limited to, (1) escalation in compensation rates of people required to work on our current projects, (2) number of personnel required to work on our current projects, (3) equipment needs, (4) the enhancement of existing, or the development of new, proprietary technology and (5) the expansion of our facilities to accommodate the growth of the studio. Due to production exigencies, which are often difficult to predict, it is not uncommon for film production spending to exceed film production budgets, and our current project may not be completed within the budgeted amounts.

 

Because this is a blind pool offering, you will not have the opportunity to evaluate our investments before we make them, which makes your investment more speculative.

 

Because we have not yet acquired or identified any investments that we may make, other than the film “The Man in the White Van”, we are not able to provide you with any information to assist you in evaluating the merits of any specific investments that we may make, except for investments that may be described in supplements to this offering circular. We will seek to invest substantially all of the offering proceeds available for investment, after the payment of fees and expenses, in entertainment equity, loans, debt securities and other entertainment-related assets. However, because you will be unable to evaluate the economic merit of assets before we invest in them, you will have to rely entirely on the ability of our management to select suitable and successful investment opportunities. Furthermore, our management will have broad discretion in implementing policies regarding borrower’s creditworthiness and you will not have the opportunity to evaluate potential borrowers. These factors increase the risk that your investment may not generate returns comparable to our competitors.

 

We may change our targeted investments and investment guidelines without shareholder consent.

 

Our management may change our targeted investments and investment guidelines at any time without the consent of our shareholders, which could result in our making investments that are different from, and possibly riskier than, the investments described in this offering circular. A change in our targeted investments or investment guidelines may increase our exposure to interest rate risk, default risk and entertainment market fluctuations, all of which could adversely affect the value of our common shares.

 

If we do not successfully obtain a completion bond on the entertainment properties

 

We expect the entertainment production budgets we invest in to be significantly smaller than that of a typical entertainment industry investment, with that said our CEO may or may not obtain a completion bond for the investment. If the Company does not obtain a completion bond there is a risk that the entertainment investment may not be completed. This could involve significant time and expense and may significantly delay or prevent the achievement of our business objectives and adversely impact the ability of our CEO to successfully manage our operations and our portfolio of investments.

 

Our entertainment property may not succeed if it receives unfavorable reviews.

 

The financial success of our entertainment property, in large measure, depends on the reaction of the public, which is often influenced by professional reviewers or critics for newspapers, television and other media. It is impossible to judge in advance what the reaction of these reviewers and critics will be to the entertainment property. To the extent that our entertainment property receives unfavorable reviews from these reviewers and critics, its chances of success may be substantially diminished.

 

 

 

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Our entertainment property/film will be subject to the risks associated with its distribution.

 

The success of any distribution activities will depend on a number of factors over which our management will have little or no control. Even if our entertainment property is sold in all territories (both domestic and foreign), there can still be no assurance that our entertainment property will succeed on an economic level. Distribution agreements generally give a distributor significant flexibility in determining how the entertainment property will be exhibited. No assurance can be given that a distributor will not limit the entertainment property’s run, limit the territories in which the entertainment property is exhibited or otherwise fail to actively promote the entertainment property to the public. Any such action by the distributor could have a material adverse effect on the economic success of the entertainment property and revenues received.

 

We may not be able to attract distributors, which could significantly harm the Company’s business.

 

Currently we do not have distribution for our entertainment property, but it is our plan to arrange for said distribution. Yet no assurance can be given that an agreement with any distributor will ever be entered into or, if entered into, it will be on terms advantageous for us. If we are unable to attract distributors to distribute our entertainment property we may distribute our entertainment properties through other alternative means of distribution. This may have a material adverse effect on the economic success of the entertainment property and revenues received.

 

Our entertainment property may infringe the intellectual property rights of others, and resulting claims against the Company could be costly and require the Company to enter into disadvantageous license or royalty agreements.

 

Although we expect all entertainment properties to be an original work, third parties may claim that the entertainment property infringes on their intellectual property rights. Any claims relating to the infringement of third-party proprietary rights, even if not successful or meritorious, could be time-consuming, result in costly litigation, divert resources and management’s attention, cause production delays or require the us to enter into royalty or license agreements. Such royalty or licensing agreements, if required, may not be available on terms acceptable to us, if at all. In the event of a successful claim of infringement against us and our failure or inability to license the infringed rights, our business, operating results and financial condition would be materially and adversely affected. Even if a claim of infringement against us is unsuccessful, legal fees incurred in defending the infringement claim likely would cause material harm to us and our financial condition, and reduce the amount of net proceeds and cash available for distribution to investors.

 

The price of our common stock may continue to be volatile.

 

The trading price of our common stock has been and is likely to remain highly volatile and could be subject to wide fluctuations in response to various factors, some of which are beyond our control or unrelated to our operating performance. In addition to the factors discussed in this “Risk Factors” section and elsewhere, these factors include: the operating performance of similar companies; the overall performance of the equity markets; the announcements by us or our competitors of acquisitions, business plans, or commercial relationships; threatened or actual litigation; changes in laws or regulations relating to the our business; any major change in our board of directors or management; publication of research reports or news stories about us, our competitors, or our industry or positive or negative recommendations or withdrawal of research coverage by securities analysts; large volumes of sales of our shares of common stock by existing stockholders; and general political and economic conditions.

 

In addition, the stock market in general, and the market for developmental related companies in particular, has experienced extreme price and volume fluctuations that have often been unrelated or disproportionate to the operating performance of those companies’ securities. This litigation, if instituted against us, could result in very substantial costs; divert our management’s attention and resources; and harm our business, operating results, and financial condition.

  

 

 

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There are doubts about our ability to continue as a going concern.

 

The Company is a development stage enterprise and has not commenced planned principal operations. The Company has no revenue for the year ended December 31, 2020. This factor raises substantial doubt about the Company’s ability to continue as a going concern.

 

There can be no assurance that sufficient funds required during the next year or thereafter will be generated from operations or that funds will be available from external sources, such as debt or equity financings or other potential sources. The lack of additional capital resulting from the inability to generate cash flow from operations, or to raise capital from external sources would force the Company to substantially curtail or cease operations and would, therefore, have a material adverse effect on its business. Furthermore, there can be no assurance that any such required funds, if available, will be available on attractive terms or that they will not have a significant dilutive effect on the Company’s existing stockholders.

 

The Company intends to overcome the circumstances that impact its ability to remain a going concern through a combination of the commencement of revenues, with interim cash flow deficiencies being addressed through additional equity and debt financing. The Company anticipates raising additional funds through public or private financing, strategic relationships or other arrangements in the near future to support its business operations; however, the Company may not have commitments from third parties for a sufficient amount of additional capital. The Company cannot be certain that any such financing will be available on acceptable terms, or at all, and its failure to raise capital when needed could limit its ability to continue its operations. The Company’s ability to obtain additional funding will determine its ability to continue as a going concern. Failure to secure additional financing in a timely manner and on favorable terms would have a material adverse effect on the Company’s financial performance, results of operations and stock price and require it to curtail or cease operations, sell off its assets, seek protection from its creditors through bankruptcy proceedings, or otherwise. Furthermore, additional equity financing may be dilutive to the holders of the Company’s common stock, and debt financing, if available, may involve restrictive covenants, and strategic relationships, if necessary to raise additional funds, and may require that the Company relinquish valuable rights.

 

Risks Related to Our Investments

 

The entertainment and tax credit loans we invest in could be subject to delinquency, foreclosure and loss, which could result in losses to us.

 

The entertainment and tax credit loans are secured by state tax credit rebates and are subject to risks of delinquency and foreclosure. The ability of a borrower to repay a loan secured by state tax rebate or credit typically is dependent primarily upon the successful operation of such entertainment production rather than upon the existence of independent income or assets of the borrower. If the state tax rebates or credit is reduced or discontinued, the borrower’s ability to repay the loan may be impaired and can be affected by, among other things: changes in laws that increase production expenses or limit tax reimbursement that may be awarded, changes in national, regional or local economic conditions and/or specific entertainment industry segments, declines in regional or local real estate values, and other operating expenses, changes in governmental rules, regulations and fiscal policies, including environmental legislation, natural disasters, terrorism, social unrest and civil disturbances.

 

In the event of any default under an entertainment and tax credit loan held directly by us, we will bear a risk of loss of principal to the extent of any deficiency between the value of the collateral and the principal and accrued interest of the loan, which could have a material adverse effect on our cash flow from operations. We expect that many of the entertainment and tax credit loans that we originate will be fully or substantially non-recourse. In the event of a default by a borrower on a non- recourse loan, we will only have recourse to the underlying asset (including any escrowed funds and reserves) collateralizing the loan. If a borrower defaults on one of our entertainment and tax credit loans and the underlying asset collateralizing the entertainment and tax credit loan is insufficient to satisfy the outstanding balance of the entertainment and tax credit loan, we may suffer a loss of principal or interest. In addition, even if we have recourse to a borrower’s assets, we may not have full recourse to such assets in the event of a borrower bankruptcy.

 

 

 

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The mezzanine loans in which we may invest involve greater risks of loss than senior loans secured by the same properties.

 

We may invest in mezzanine loans that take the form of subordinated loans secured by a pledge of the ownership interests of either the entity owning the real property or an entity that owns (directly or indirectly) the interest in the entity owning the real property. These types of investments may involve a higher degree of risk than long-term senior lending secured by income-producing assets because the investment may become unsecured as a result of a gap in financing the entertainment property by the senior lender. In the event of a bankruptcy of the entity providing the pledge of its ownership interests as security, we may not have full recourse to the assets of such entity, or the assets of the entity may not be sufficient to satisfy our mezzanine loan. If a borrower defaults on our mezzanine loan or debt senior to our loan, or in the event of a borrower bankruptcy, our mezzanine loan will be satisfied only after the senior debt. As a result, we may not recover some or all of our investment.

 

Our majority-owned subsidiaries will be subject to the specific risks relating to the particular subsidiary.

 

A significant portion of our portfolio may consist of majority-owned subsidiaries owning entertainment assets. Such investments may be subordinate to debt financing. We may have rights to receive a preferred economic return with respect to these investments. These investments will involve special risks relating to the particular subsidiary, including the financial condition and business outlook of the subsidiary. To the extent these investments are subordinate to debt financing, they will also be subject to risks of (i) limited liquidity in the secondary trading market, (ii) substantial market price volatility resulting from changes in prevailing interest rates, (iii) subordination to the prior claims of banks and other senior lenders to the issuer, (iv) the operation of mandatory sinking fund or call or redemption provisions during periods of declining interest rates that could cause the subsidiary to reinvest any redemption proceeds in lower yielding assets, (v) the possibility that earnings of the subsidiary may be insufficient to meet any distribution obligations and (vi) the declining creditworthiness and potential for insolvency of the subsidiary during periods of rising interest rates and economic downturn. As a result, we may not recover some or all of our capital, which could result in losses.

 

Investments in non-conforming or non-investment grade rated loans involve greater risk of loss.

 

Some of our investments may not conform to conventional loan standards applied by traditional lenders and either will not be rated or will be rated as non-investment grade by the rating agencies. The non-investment grade ratings for these assets typically result from the overall leverage of the loans, the lack of a strong operating or entertainment production history for the properties underlying the loans, the borrowers’ credit history, the properties’ underlying cash flow or other factors. As a result, these investments may have a higher risk of default and loss than investment grade rated assets. Any loss we incur may be significant and may reduce distributions to our shareholders and adversely affect the value of our common shares.

 

Changes in interest rates and/or credit spreads could negatively affect the value of our investments, which could result in reduced earnings or losses and negatively affect the cash available for distribution to our shareholders.

 

We will invest in fixed-rate debt investments with fixed distribution amounts. Under a normal yield curve, an investment in these instruments will decline in value if long-term interest rates increase or if credit spreads widen. We may also invest in floating-rate debt investments, for which decreases in interest rates or narrowing of credit spreads will have a negative effect on value and interest income. Even though a loan or other debt investment may be performing in accordance with its loan agreement and the underlying collateral has not changed, the economic value of the loan may be negatively impacted by the incremental interest foregone from the changes in interest rates or credit spreads. Declines in market value may ultimately reduce earnings or result in losses to us, which may negatively affect cash available for distribution to our shareholders.

 

 

 

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Prepayments can adversely affect the yields on our investments.

 

Prepayments on debt instruments, where permitted under the debt documents, are influenced by changes in current interest rates and a variety of economic, geographic and other factors beyond our control, and consequently, such prepayment rates cannot be predicted with certainty. If we are unable to invest the proceeds of such prepayments received, the yield on our portfolio will decline. In addition, we may acquire assets at a discount or premium and if the asset does not repay when expected, our anticipated yield may be impacted. Under certain interest rate and prepayment scenarios we may fail to recoup fully our cost of acquisition of certain investments.

 

Some of our investments maybe illiquid and we may not be able to vary our portfolio in response to changes in economic and other conditions.

 

The illiquidity of some of our investments may make it difficult for us to sell such investments if the need or desire arises. The mezzanine loans, and entertainment loans and investments we may originate or purchase will be particularly illiquid investments due to their short life and the greater difficulty of recoupment in the event of a borrower’s default. In addition, some of the entertainment-related debt securities that we may purchase may be traded in private, unregistered transactions and may therefore be subject to restrictions on resale or otherwise have no established trading market. As a result, we expect some of our investments will be illiquid, and if we are required to liquidate all or a portion of our portfolio quickly, we may realize significantly less than the value at which we have previously recorded our investments and our ability to vary our portfolio in response to changes in economic and other conditions may be relatively limited, which could adversely affect our results of operations and financial condition.

 

Declines in the market values of our investments may adversely affect periodic reported results of operations and credit availability, which may reduce earnings and, in turn, cash available for distribution to our shareholders.

 

Some of our assets may be classified for accounting purposes as “available-for-sale.” These investments are carried at estimated fair value and temporary changes in the market values of those assets will be directly charged or credited to shareholders’ equity without impacting net income on the income statement. Moreover, if we determine that a decline in the estimated fair value of an available-for-sale security falls below its amortized value and is not temporary, we will recognize a loss on that security on the income statement, which will reduce our earnings in the period recognized.

 

A decline in the market value of our assets may adversely affect us particularly in instances where we have borrowed money based on the market value of those assets. If the market value of those assets declines, the lender may require us to post additional collateral to support the loan. If we were unable to post the additional collateral, we may have to sell assets at a time when we might not otherwise choose to do so. A reduction in credit available may reduce our earnings and, in turn, cash available for distribution to shareholders.

 

Further, credit facility providers may require us to maintain a certain amount of cash reserves or to set aside unlevered assets sufficient to maintain a specified liquidity position, which would allow us to satisfy our collateral obligations. As a result, we may not be able to leverage our assets as fully as we would choose, which could reduce our return on equity. In the event that we are unable to meet these contractual obligations, our financial condition could deteriorate rapidly.

 

Market values of our investments may decline for a number of reasons, such as changes in prevailing market rates, increases in defaults, increases in voluntary prepayments for those investments that we may be subject to prepayment risk, widening of credit spreads and downgrades of ratings of the securities by ratings agencies.

 

 

 

  20  

 

 

Some of our portfolio investments will be carried at estimated fair value as determined by us and, as a result, there may be uncertainty as to the value of these investments.

 

Some of our portfolio investments may be in the form of securities that are recorded at fair value but that have limited liquidity or are not publicly traded. The fair value of securities and other investments that have limited liquidity or are not publicly traded may not be readily determinable. We estimate the fair value of these investments on a quarterly basis. Because such valuations are inherently uncertain, may fluctuate over short periods of time and may be based on numerous estimates, our determinations of fair value may differ materially from the values that would have been used if a ready market for these securities existed. The value of our common shares could be adversely affected if our determinations regarding the fair value of these investments are materially higher than the values that we ultimately realize upon their disposal.

 

Competition with third parties in acquiring and originating investments may reduce our profitability and the return on your investment.

 

We have significant competition with respect to our acquisition and origination of assets with many other companies, other equity and debt funds, insurance companies, commercial banks, private investment funds, hedge funds, specialty finance companies and other investors that may have greater resources than us. We may not be able to compete successfully for investments. In addition, the number of entities and the amount of funds competing for suitable investments may increase. If we pay higher prices for investments or originate loans on more generous terms than our competitors, our returns will be lower and the value of our assets may not increase or may decrease significantly below the amount we paid for such assets. If such events occur, you may experience a lower return on your investment.

 

If we overestimate the value or income-producing ability or incorrectly price the risks of our investments, we may experience losses.

 

Analysis of the value or income-producing ability of an entertainment property is highly subjective and may be subject to error. Our management will value our potential investments based on yields and risks, taking into account estimated future losses on the entertainment and tax credit loans and entertainment equity investments, and the estimated impact of these losses on expected future cash flows and returns. In the event that we underestimate the risks relative to the price we pay for a particular investment, we may experience losses with respect to such investment.

 

Risks Relating to Our Financial Condition

 

Our financials are not independently audited, which could result in errors and/or omissions in our financial statements if proper standards are not applied.

 

We are not required to have our financials audited by a certified Public Company Accounting Oversight Board (“PCAOB”). As such, our accountant does not have a third party reviewing the accounting. Our accountant may also not be up to date with all publications and releases put out by the PCAOB regarding accounting standards and treatments. This could mean that our unaudited financials may not properly reflect up to date standards and treatments resulting in misstated financial statements.

 

Changes in the Economy Could Have a Detrimental Impact on the Company

 

Changes in the general economic climate could have a detrimental impact on consumer expenditure and therefore on the Company’s revenue. It is possible that recessionary pressures and other economic factors (such as declining incomes, future potential rising interest rates, higher unemployment and tax increases) may adversely affect customers’ confidence and willingness to spend. Any of such events or occurrences could have a material adverse effect on the Company’s consolidated financial results and on your investment.

 

 

 

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Our management has limited experience operating a company and is subject to the risks commonly encountered by early-stage companies.

 

Although management of E Med Future, Inc. has experience in operating small companies, current management has not had to manage expansion of a company. Many investors may treat us as an early-stage company. In addition, management has not overseen a company with large growth. Because we have a limited operating history, our operating prospects should be considered in light of the risks and uncertainties frequently encountered by early-stage companies in rapidly evolving markets. These risks include:

 

  · risks that we may not have sufficient capital to achieve our growth strategy;

 

  · risks that we may not develop our product and service offerings in a manner that enables us to be profitable and meet our customers’ requirements;

 

  · risks that our growth strategy may not be successful; and

 

  · risks that fluctuations in our operating results will be significant relative to our revenues.

 

These risks are described in more detail below. Our future growth will depend substantially on our ability to address these and the other risks described in this section. If we do not successfully address these risks, our business could be significantly harmed.

 

We have limited operational history in the entertainment industry, making it difficult to accurately predict and forecast business operations.

 

As we have limited operations in our business and have yet to generate revenue, it is extremely difficult to make accurate predictions and forecasts on our finances. This is compounded by the fact that we operate in the entertainment industry, which is a rapidly transforming industry. There is no guarantee that our products or services will remain attractive to potential and current users as this industry undergoes rapid changes, or that potential customers will utilize our services.

 

As a growing company, we have yet to achieve a profit and may not achieve a profit in the near future, if at all.

 

We have not yet produced a net profit and may not in the near future, if at all. While we expect our revenue to grow, we have not achieved profitability and cannot be certain that we will be able to sustain our current growth rate or realize sufficient revenue to achieve profitability. Our ability to continue as an ongoing concern may be dependent upon raising capital from financing transactions, increasing revenue throughout the year and keeping operating expenses below our revenue levels in order to achieve positive cash flows, none of which can be assured.

 

We will require additional capital to support business growth, and this capital might not be available on acceptable terms, if at all.

 

We intend to continue to make investments to support our business growth and may require additional funds to respond to business challenges, including improve our operating infrastructure or acquire complementary businesses and technologies. Accordingly, we will need to engage in continued equity or debt financings to secure additional funds. If we raise additional funds through future issuances of equity or convertible debt securities, our existing stockholders could suffer significant dilution, and any new equity securities we issue could have rights, preferences and privileges superior to those of our common stock. Any debt financing we secure in the future could involve restrictive covenants relating to our capital raising activities and other financial and operational matters, which may make it more difficult for us to obtain additional capital and to pursue business opportunities, including potential acquisitions. We may not be able to obtain additional financing on terms favorable to us, if at all. If we are unable to obtain adequate financing or financing on terms satisfactory to us when we require it, our ability to continue to support our business growth and to respond to business challenges could be impaired, and our business may be harmed.

 

 

 

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We are highly dependent on the services of our key executive, the loss of whom could materially harm our business and our strategic direction. If we lose key management or significant personnel, cannot recruit qualified employees, directors, officers, or other personnel or experience increases in our compensation costs, our business may materially suffer.

 

We are highly dependent on our management, specifically our CEO, Gary Kompothecras and Secretary and Treasurer, Vincent Payne. We have Employment Agreements in place with Mr. Kompothecras and Mr. Payne. If we lose key employees, our business may suffer. Furthermore, our future success will also depend in part on the continued service of our management personnel and our ability to identify, hire, and retain additional key personnel. We do not carry “key-man” life insurance on the lives of any of our executives, employees or advisors. We experience intense competition for qualified personnel and may be unable to attract and retain the personnel necessary for the development of our business. Because of this competition, our compensation costs may increase significantly.

 

Our key employee, Mr. Gary Kompothecras has very limited experience in the entertainment industry.

 

Our Chief Executive Officer, Mr. Kompothecras, has very limited experience in the entertainment industry. For this reason, he may have difficulty in establishing and running an entertainment investment business, including acquiring projects, controlling expenses, and generating revenues. He may have difficulty in hiring and supervising our employees. While the Company plans on hiring trained staff and consultants who will be able to oversee the financing and production of motion pictures, there is no assurance that Mr. Kompothecras will be able to manage them.

 

We may be unable to manage growth, which may impact our potential profitability.

 

Successful implementation of our business strategy requires us to manage our growth. Growth could place an increasing strain on our management and financial resources. To manage growth effectively, we will need to:

 

  · Establish definitive business strategies, goals and objectives;

 

  · Maintain a system of management controls; and

 

  · Attract and retain qualified personnel, as well as develop, train, and manage management-level and other employees.

 

If we fail to manage our growth effectively, our business, financial condition, or operating results could be materially harmed, and our stock price may decline.

 

We operate in a highly competitive environment, and if we are unable to compete with our competitors, our business, financial condition, results of operations, cash flows and prospects could be materially adversely affected.

 

We operate in a highly competitive environment. Our competition includes all other companies that are in the business of producing motion pictures. A highly competitive environment could materially adversely affect our business, financial condition, results of operations, cash flows and prospects.

 

 

 

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We may not be able to compete successfully with other established companies offering the same or similar services and, as a result, we may not achieve our projected revenue and user targets.

 

If we are unable to compete successfully with other businesses in our existing markets, we may not achieve our projected revenue and/or customer targets. We compete with both start-up and established movie studios. Compared to our business, some of our competitors may have greater financial and other resources, have been in business longer, have greater name recognition and be better established in the entertainment industry.

 

Our lack of adequate D&O insurance may also make it difficult for us to retain and attract talented and skilled directors and officers.

 

In the future we may be subject to additional litigation, including potential class action and stockholder derivative actions. Risks associated with legal liability are difficult to assess and quantify, and their existence and magnitude can remain unknown for significant periods of time. To date, we have not obtained directors and officers liability (“D&O”) insurance. Without adequate D&O insurance, the amounts we would pay to indemnify our officers and directors should they be subject to legal action based on their service to the Company could have a material adverse effect on our financial condition, results of operations and liquidity. Furthermore, our lack of adequate D&O insurance may make it difficult for us to retain and attract talented and skilled directors and officers, which could adversely affect our business.

 

Risks Relating to our Common Stock and Offering

 

The Common Stock is thinly traded, so you may be unable to sell at or near ask prices or at all if you need to sell your shares to raise money or otherwise desire to liquidate your shares.

 

The Common Stock has historically been sporadically traded on the OTC Pink Sheets, meaning that the number of persons interested in purchasing our shares at, or near ask prices at any given time, may be relatively small or non-existent. This situation is attributable to a number of factors, including the fact that we are a small company which is relatively unknown to stock analysts, stock brokers, institutional investors and others in the investment community that generate or influence sales volume, and that even if we came to the attention of such persons, they tend to be risk-averse and would be reluctant to follow an unproven company such as ours or purchase or recommend the purchase of our shares until such time as we became more seasoned and viable. As a consequence, there may be periods of several days or more when trading activity in our shares is minimal or non-existent, as compared to a seasoned issuer, which has a large and steady volume of trading activity that will generally support continuous sales without an adverse effect on share price. We cannot give you any assurance that a broader or more active public trading market for our common shares will develop or be sustained, or that current trading levels will be sustained.

 

The market price for the common stock is particularly volatile given our status as a relatively unknown company with a small and thinly traded public float, limited operating history, and lack of revenue, which could lead to wide fluctuations in our share price. The price at which you purchase our shares may not be indicative of the price that will prevail in the trading market. You may be unable to sell your common shares at or above your purchase price, which may result in substantial losses to you.

 

The market for our shares of common stock is characterized by significant price volatility when compared to seasoned issuers, and we expect that our share price will continue to be more volatile than a seasoned issuer for the indefinite future. The volatility in our share price is attributable to a number of factors. First, as noted above, our shares are sporadically traded. As a consequence of this lack of liquidity, the trading of relatively small quantities of shares may disproportionately influence the price of those shares in either direction. The price for our shares could, for example, decline precipitously in the event that a large number of our shares are sold on the market without commensurate demand, as compared to a seasoned issuer which could better absorb those sales without adverse impact on its share price. Secondly, we are a speculative investment due to, among other matters, our limited operating history and lack of revenue or profit to date, and the uncertainty of future market acceptance for our potential products. As a consequence of this enhanced risk, more risk-averse investors may, under the fear of losing all or most of their investment in the event of negative news or lack of progress, be more inclined to sell their shares on the market more quickly and at greater discounts than would be the case with the securities of a seasoned issuer. The following factors may add to the volatility in the price of our shares: actual or anticipated variations in our quarterly or annual operating results; acceptance of our products; government regulations, announcements of significant acquisitions, strategic partnerships or joint ventures; our capital commitments and additions or departures of our key personnel. Many of these factors are beyond our control and may decrease the market price of our shares regardless of our operating performance. We cannot make any predictions or projections as to what the prevailing market price for our shares will be at any time, including as to whether our shares will sustain their current market prices, or as to what effect the sale of shares or the availability of shares for sale at any time will have on the prevailing market price.

 

 

 

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Shareholders should be aware that, according to SEC Release No. 34-29093, the market for penny stocks has suffered in recent years from patterns of fraud and abuse. Such patterns include (1) control of the market for the security by one or a few broker-dealers that are often related to the promoter or issuer; (2) manipulation of prices through prearranged matching of purchases and sales and false and misleading press releases; (3) boiler room practices involving high-pressure sales tactics and unrealistic price projections by inexperienced salesperson; (4) excessive and undisclosed bid-ask differential and markups by selling broker-dealers; and (5) the wholesale dumping of the same securities by promoters and broker-dealers after prices have been manipulated to a desired level, along with the resulting inevitable collapse of those prices and with consequent investor losses. Our management is aware of the abuses that have occurred historically in the penny stock market. Although we do not expect to be in a position to dictate the behavior of the market or of broker-dealers who participate in the market, management will strive within the confines of practical limitations to prevent the described patterns from being established with respect to our securities. The possible occurrence of these patterns or practices could increase the volatility of our share price.

 

The market price of our common stock may be volatile and adversely affected by several factors.

 

The market price of our common stock could fluctuate significantly in response to various factors and events, including, but not limited to:

 

  · our ability to integrate operations, technology, products and services;

 

  · our ability to execute our business plan;

 

  · operating results below expectations;

 

  · our issuance of additional securities, including debt or equity or a combination thereof;

 

  · announcements of technological innovations or new products by us or our competitors;

 

  · loss of any strategic relationship;

 

  · industry developments, including, without limitation, changes in competition or practices;

 

  · economic and other external factors;

 

  · period-to-period fluctuations in our financial results; and

 

  · whether an active trading market in our common stock develops and is maintained.

 

In addition, the securities markets have from time to time experienced significant price and volume fluctuations that are unrelated to the operating performance of particular companies. These market fluctuations may also materially and adversely affect the market price of our common stock. Issuers using the Alternative Reporting standard for filing financial reports with OTC Markets are often subject to large volatility unrelated to the fundamentals of the company.

 

 

 

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Kompo Family Company, LLC, through its ownership of the Company’s Special 2021 Series A Convertible Preferred Stock, can effectively control the Company

 

The Kompo Family Company, LLC (“Kompo”), is the owner of all of the outstanding shares of the Company’s Special 2021 Series A Preferred Stock. Kompo is 100% owned and controlled through various trusts by the children of the Company’s CEO, Gary Kompothecras. Special 2021 Series A Preferred shareholders have voting rights equal to sixty percent (60%) of all votes entitled to be voted at any annual or special meeting of the shareholders of the Corporation or action by written consent of shareholders. Thus, Kompo possesses significant influence and can elect a majority of our Board of Directors and authorize or prevent proposed significant corporate transactions. Kompo’s ownership and control of Special 2021 Series A Preferred Stock may also have the effect of delaying or preventing a future change in control, impeding a merger, consolidation, takeover or other business combination or discourage a potential acquirer from making a tender offer. Kompo’s ownership and control of Special 2021 Series A Preferred gives it the control of 60% of the Company’s voting shares regardless of the number of shares sold pursuant to this Offering. If you acquire our Shares, you will have no effective voice in the management of our Company. Such concentrated control of our Company may adversely affect the price of our Shares. Such concentrated control may also make it difficult for our shareholders to receive a premium for their Shares in the event that we merge with a third party or enter into different transactions, which require shareholder approval. These provisions could also limit the price that investors might be willing to pay in the future for our Shares.

 

We do not expect to pay dividends in the future; any return on investment may be limited to the value of our common stock.

 

We do not currently anticipate paying cash dividends in the foreseeable future. The payment of dividends on our common stock will depend on earnings, financial condition and other business and economic factors affecting it at such time as the board of directors may consider relevant. Our current intention is to apply net earnings, if any, in the foreseeable future to increasing our capital base and development and marketing efforts. There can be no assurance that the Company will ever have sufficient earnings to declare and pay dividends to the holders of our common stock, and in any event, a decision to declare and pay dividends is at the sole discretion of our board of directors. If we do not pay dividends, our common stock may be less valuable because a return on your investment will only occur if its stock price appreciates.

 

Our Certificate of Incorporation and Bylaws limit the liability of, and provide indemnification for, our officers and directors.

 

Our Certificate of Incorporation generally limits our officers’ and directors’ personal liability to the Company and its stockholders for breach of a fiduciary duty as an officer or director except for breach of the duty of loyalty or acts or omissions not made in good faith or which involve intentional misconduct or a knowing violation of law. Our Certificate of Incorporation and Bylaws, provide indemnification for our officers and directors to the fullest extent authorized by the Nevada General Corporation Law against all expense, liability, and loss, including attorney's fees, judgments, fines excise taxes or penalties and amounts to be paid in settlement reasonably incurred or suffered by an officer or director in connection with any action, suit or proceeding, whether civil or criminal, administrative or investigative (hereinafter a "Proceeding") to which the officer or director is made a party or is threatened to be made a party, or in which the officer or director is involved by reason of the fact that he is or was an officer or director of the Company, or is or was serving at the request of the Company whether the basis of the Proceeding is an alleged action in an official capacity as an officer or director, or in any other capacity while serving as an officer or director. Thus, the Company may be prevented from recovering damages for certain alleged errors or omissions by the officers and directors for liabilities incurred in connection with their good faith acts for the Company. Such an indemnification payment might deplete the Company's assets. Stockholders who have questions regarding the fiduciary obligations of the officers and directors of the Company should consult with independent legal counsel. It is the position of the SEC that exculpation from and indemnification for liabilities arising under the Securities Act and the rules and regulations thereunder is against public policy and therefore unenforceable.

 

We have established preferred stock, which our Board of Directors can designate and issue without stockholder approval.

 

The Company has 10,000,000 shares of Preferred Stock authorized. Shares of preferred stock of the Company may be issued from time to time in one or more series, each of which shall have distinctive designation or title as shall be determined by the Board of Directors of the Company prior to the issuance of any shares thereof. The preferred stock shall have such voting powers, full or limited, or no voting powers, and such preferences and relative, participating, optional or other special rights and such qualifications, limitations or restrictions thereof as adopted by the Board of Directors. Because the Board of directors is able to designate the powers and preferences of the preferred stock without the vote of a majority of the Company’s stockholders, stockholders of the Company will have no control over what designations and preferences the Company’s preferred stock will have. As a result of this, the Company’s stockholders may have less control over the designations and preferences of the preferred stock and as a result the operations of the Company.

 

 

 

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Stockholders who hold unregistered “restricted securities” will be subject to resale restrictions pursuant to Rule 144, due to the fact that we are deemed to be a former “shell company.”

 

Pursuant to Rule 144 of the Securities Act of 1933, as amended (“Rule 144”), a “shell company” is defined as a company that has no or nominal operations; and, either no or nominal assets; assets consisting solely of cash and cash equivalents; or assets consisting of any amount of cash and cash equivalents and nominal other assets. While we do not believe that we are currently a “shell company”, we were previously a “shell company” and as such are deemed to be a former “shell company” pursuant to Rule 144, and as such, sales of our securities pursuant to Rule 144 may not be able to be made until we are subject to Section 13 or 15(d) of the Securities Exchange Act of 1934, as amended (the Exchange Act"), and have filed all of our required periodic reports for at least the previous one year period prior to any sale pursuant to Rule 144; and a period of at least twelve months has elapsed from the date “Form 10 information” has been filed with the Commission reflecting the Company’s status as a non-“shell company.” Because we are deemed to be a former “shell company”, none of our non-registered “restricted securities” will be eligible to be sold pursuant to Rule 144, until at least a year after the date that our Registration Statement is filed with the Commission, any non-registered securities we sell in the future or issue to consultants or employees, in consideration for services rendered or for any other purpose will have no liquidity until and unless such securities are registered with the Commission and/or until a year after we have complied with the requirements of Rule 144. As a result, it may be harder for us to fund our operations and pay our consultants with our securities instead of cash. Furthermore, it will be harder for us to obtain funding through the sale of debt or equity securities unless we agree to register such securities with the Commission, which could cause us to expend additional resources in the future. Our status as a former “shell company” could prevent us from raising additional funds, engaging consultants, and using our securities to pay for any acquisitions, which could cause the value of our securities, if any, to decline in value or become worthless.

 

We may become involved in securities class action litigation that could divert management’s attention and harm our business.

 

The stock market in general, and the shares of early stage companies in particular, have experienced extreme price and volume fluctuations. These fluctuations have often been unrelated or disproportionate to the operating performance of the companies involved. If these fluctuations occur in the future, the market price of our shares could fall regardless of our operating performance. In the past, following periods of volatility in the market price of a particular company’s securities, securities class action litigation has often been brought against that company. If the market price or volume of our shares suffers extreme fluctuations, then we may become involved in this type of litigation, which would be expensive and divert management’s attention and resources from managing our business.

 

We may also from time to time make forward-looking statements about future operating results and provide some financial guidance to the public markets. Our management has limited experience as a management team in a company such as ours, and as a result, projections may not be made timely or set at expected performance levels, and could materially affect the price of our shares. Any failure to meet published forward-looking statements that adversely affect the stock price could result in losses to investors, stockholder lawsuits or other litigation, sanctions or restrictions issued by the SEC.

 

Our common stock is currently deemed a “penny stock,” which makes it more difficult for our investors to sell their shares.

 

The SEC has adopted Rule 15g-9 which establishes the definition of a “penny stock,” for the purposes relevant to us, as any equity security that has a market price of less than $5.00 per share, subject to certain exceptions. For any transaction involving a penny stock, unless exempt, the rules require that a broker or dealer approve a person’s account for transactions in penny stocks, and the broker or dealer receive from the investor a written agreement to the transaction, setting forth the identity and quantity of the penny stock to be purchased.

 

In order to approve a person’s account for transactions in penny stocks, the broker or dealer must obtain financial information and investment experience objectives of the person and make a reasonable determination that the transactions in penny stocks are suitable for that person and the person has sufficient knowledge and experience in financial matters to be capable of evaluating the risks of transactions in penny stocks.

 

 

 

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The broker or dealer must also deliver, prior to any transaction in a penny stock, a disclosure schedule prescribed by the SEC relating to the penny stock market, which, in highlight form sets forth the basis on which the broker or dealer made the suitability determination, and that the broker or dealer received a signed, written agreement from the investor prior to the transaction.

 

Generally, brokers may be less willing to execute transactions in securities subject to the “penny stock” rules. This may make it more difficult for investors to dispose of our common stock if and when such shares are eligible for sale and may cause a decline in the market value of its stock.

 

Disclosure also has to be made about the risks of investing in penny stocks in both public offerings and in secondary trading, and about the commissions payable to both the broker-dealer and the registered representative, current quotations for the securities, and the rights and remedies available to an investor in cases of fraud in penny stock transactions. Finally, monthly statements have to be sent disclosing recent price information for the penny stock held in the account and information on the limited market in penny stock.

 

As an issuer of a “penny stock,” the protection provided by the federal securities laws relating to forward-looking statements does not apply to us.

 

Although federal securities laws provide a safe harbor for forward-looking statements made by a public company that files reports under the federal securities laws, this safe harbor is not available to issuers of penny stocks. As a result, we will not have the benefit of this safe harbor protection in the event of any legal action based upon a claim that the material provided by us contained a material misstatement of fact or was misleading in any material respect because of our failure to include any statements necessary to make the statements not misleading. Such an action could hurt our financial condition.

 

As an issuer not required to make reports to the Securities and Exchange Commission under Section 13 or 15(d) of the Securities Exchange Act of 1934, holders of restricted shares may not be able to sell shares into the open market as Rule 144 exemptions may not apply.

 

Under Rule 144 of the Securities Act of 1933, holders of restricted shares may avail themselves of certain exemptions from registration if the holder and the issuer meet certain requirements. As a company that is not required to file reports under Section 13 or 15(d) of the Securities Exchange Act, referred to as a non-reporting company, we may not, in the future, meet the requirements for an issuer under 144 that would allow a holder to qualify for Rule 144 exemptions. In such an event, holders of restricted stock would have to utilize another exemption from registration or rely on a registration statement to be filed by the Company registering the restricted stock. Although the Company currently plans to file either a Form 10 or S-1 with the Commission upon the conclusion of the Regulation A offering, there can be no guarantee that the Company will be able to fulfill one of these registration statements, which could have an adverse effect on our shareholders.

 

Securities analysts may elect not to report on our common stock or may issue negative reports that adversely affect the stock price.

 

At this time, no securities analysts provide research coverage of our common stock, and securities analysts may not elect to provide such coverage in the future. It may remain difficult for our company, with its small market capitalization, to attract independent financial analysts that will cover our common stock. If securities analysts do not cover our common stock, the lack of research coverage may adversely affect the stock’s actual and potential market price. The trading market for our common stock may be affected in part by the research and reports that industry or financial analysts publish about our business. If one or more analysts elect to cover our company and then downgrade the stock, the stock price would likely decline rapidly. If one or more of these analysts cease coverage of our company, we could lose visibility in the market, which, in turn, could cause our stock price to decline. This could have a negative effect on the market price of our common stock.

 

 

 

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Because directors and officers currently and for the foreseeable future will continue to control E Med Future, Inc., it is not likely that you will be able to elect directors or have any say in the policies of E Med Future, Inc.

 

Our shareholders are not entitled to cumulative voting rights. Consequently, the election of directors and all other matters requiring shareholder approval will be decided by majority vote. The directors, officers and affiliates of E Med Future, Inc. beneficially own a majority of our outstanding common stock voting rights. Due to such a significant ownership position held by our insiders, new investors may not be able to affect a change in our business or management, and therefore, shareholders would have no recourse as a result of decisions made by management.

 

In addition, sales of significant amounts of shares held by our directors, officers or affiliates, or the prospect of these sales, could adversely affect the market price of our common stock. Management’s stock ownership may discourage a potential acquirer from making a tender offer or otherwise attempting to obtain control of us, which in turn could reduce our stock price or prevent our stockholders from realizing a premium over our stock price. 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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Statements Regarding Forward-looking Statements

______

 

This Disclosure Statement contains various “forward-looking statements.” You can identify forward-looking statements by the use of forward-looking terminology such as “believes,” “expects,” “may,” “will,” “would,” “could,” “should,” “seeks,” “approximately,” “intends,” “plans,” “projects,” “estimates” or “anticipates” or the negative of these words and phrases or similar words or phrases. You can also identify forward-looking statements by discussions of strategy, plans or intentions. These statements may be impacted by a number of risks and uncertainties.

 

The forward-looking statements are based on our beliefs, assumptions and expectations of our future performance taking into account all information currently available to us. These beliefs, assumptions and expectations are subject to risks and uncertainties and can change as a result of many possible events or factors, not all of which are known to us. If a change occurs, our business, financial condition, liquidity and results of operations may vary materially from those expressed in our forward-looking statements. You should carefully consider these risks before you make an investment decision with respect to our Securities. For a further discussion of these and other factors that could impact our future results, performance or transactions, see the section entitled “Risk Factors.”

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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USE OF PROCEEDS

______

 

The following Use of Proceeds is based on estimates made by management. The Company planned the Use of Proceeds after deducting estimated offering expenses estimated to be $100,000.00. Management prepared the milestones based on four levels of offering raise success: 25% of the Maximum Offering proceeds raised ($2,500,000), 50% of the Maximum Offering proceeds raised ($5,000,000), 75% of the Maximum Offering proceeds raised ($7,500,000) and the Maximum Offering proceeds raised of ($10,000,000) through the offering. The costs associated with operating as a public company are included in all our budgeted scenarios and management is responsible for the preparation of the required documents to keep the costs to a minimum.

 

Although we have no minimum offering, we have calculated the use of proceeds such that if we raise 25% of the offering is budgeted to sustain operations for a twelve-month period. 25% of the Maximum Offering is sufficient to keep the Company current with its public listing status costs with prudently budgeted funds remaining which will be sufficient to complete the development of our marketing package. If the Company were to raise 50% of the Maximum Offering, then we would be able to expand our marketing outside the US. Raising the Maximum Offering will enable the Company to implement our full business. If we begin to generate profits, we plan to increase our marketing and sales activity accordingly.

 

The Company intends to use the proceeds from this offering as follows:

 

    If 25% of the
Offering is Raised
    If 50% of the
Offering is Raised
    If 75% of the
Offering is Raised
    If 100% of the
Offering is Raised
 
Film Investment, Development and Production   $ 1,250,000     $ 2,850,000     $ 5,100,000     $ 6,300,000  
Professional fees     150,000       200,000       350,000       400,000  
Salaries     300,000       400,000       400,000       500,000  
Public company expenses     100,000       150,000       150,000       200,000  
Brand Development and Marketing     200,000       500,000       800,000       900,000  
Working Capital     400,000       800,000       600,000       1,600,000  
TOTAL   $ 2,400,000     $ 4,900,000     $ 7,400,000     $ 9,900,000  

 

The expected use of net proceeds from this offering represents our intentions based upon our current plans and business conditions, which could change in the future as our plans and business conditions evolve and change. The amounts and timing of our actual expenditures, specifically with respect to working capital, may vary significantly depending on numerous factors. The precise amounts that we will devote to each of the foregoing items, and the timing of expenditures, will vary depending on numerous factors. As a result, our management will retain broad discretion over the allocation of the net proceeds from this offering.

 

In the event we do not sell all of the shares being offered, we may seek additional financing from other sources in order to support the intended use of proceeds indicated above. If we secure additional equity funding, investors in this offering would be diluted. In all events, there can be no assurance that additional financing would be available to us when wanted or needed and, if available, on terms acceptable to us.

 

The Company reserves the right to change the use of proceeds set out herein based on the needs of the ongoing business of the Company and the discretion of the Company’s management. The Company may reallocate the estimated use of proceeds among the various categories or for other uses if management deems such a reallocation to be appropriate.

 

 

 

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DILUTION

______

 

Dilution means a reduction in value, control or earnings of the shares the investor owns.

 

Immediate dilution

 

A development stage company typically sells its shares (or grants options exercisable for its shares) to its founders and early employees at a very low cash cost because they are, in effect, putting their “sweat equity” into the company. When the company seeks cash investments from outside investors, like you, the new investors typically pay a much larger sum for their shares than the founders or earlier investors, which means that the cash value of your stake is diluted because all the shares are worth the same amount, and you paid more than earlier investors for your shares. 

 

Purchasers of our common stock in this Offering will experience an immediate dilution of net tangible book value per share from the public offering price. Dilution in net tangible book value per share represents the difference between the amount per share paid by the purchasers of shares of Common Stock and the net tangible book value per share immediately after this Offering. Our net book value as of June 30, 2021 was $86,621 or $0.00204 per share based on 42,513,415 outstanding shares of Common Stock as of the date of this Offering Circular. Net tangible book value per share equals the amount of our total tangible assets less total liabilities, divided by the total number of shares of our Common Stock outstanding, all as of the date specified.

 

If the Maximum Offering, at an offering price of $0.02 per share, is sold in this Offering, after deducting approximately $100,000 in offering expenses payable by us, our pro forma adjusted net book value at June 30, 2021 would be approximately $9,986,621 ($0.04118 per share). This amount represents an immediate increase in pro forma net tangible book value of $0.0391 per share to our existing stockholders at the date of this Offering Circular, and an immediate dilution in pro forma net tangible book value of approximately $0.02118 per share to new investors purchasing shares of Common Stock in this Offering at a price of $0.02 per share.

 

The following table illustrates the per share dilution to new investors discussed above, assuming the sale of, respectively, 100%, 75%, 50% and 25% of the shares offered for sale in this Offering (before our estimated offering expenses of $100,000) and based on an offering price between $0.02 to $0.07 per share:

 

Percentage of shares offered that are sold     100%       75%       50%       25%  
                                 
Price to the public charged for each share in this offering   $ 0.02     $ 0.02     $ 0.02     $ 0.02  
                                 
Historical net tangible book value per share as of June 30, 2021   $ 0.00204     $ 0.00204     $ 0.00204     $ 0.00204  
                                 
Increase in net tangible book value per share attributable to new investors in this offering   $ 0.04118     $ 0.03889     $ 0.03499     $ 0.02688  
                                 
Net tangible book value per share, after this offering   $ 0.04118     $ 0.03889     $ 0.03499     $ 0.02688  
                                 
Dilution per share to new investors   $ (0.02118 )   $ (0.01889 )   $ (0.01499 )   $ (0.00688 )

 

 

 

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DISTRIBUTION

______

 

This Offering Circular is part of an Offering Statement that we filed with the SEC, using a continuous offering process. Periodically, as we have material developments, we will provide an Offering Circular supplement that may add, update or change information contained in this Offering Circular. Any statement that we make in this Offering Circular will be modified or superseded by any inconsistent statement made by us in a subsequent Offering Circular supplement. The Offering Statement we filed with the SEC includes exhibits that provide more detailed descriptions of the matters discussed in this Offering Circular. You should read this Offering Circular and the related exhibits filed with the SEC and any Offering Circular supplement, together with additional information contained in our annual reports, semi-annual reports and other reports and information statements that we will file periodically with the SEC. See the section entitled “Additional Information” below for more details.

 

Reliance on Rule 3a4-1 under the Securities Exchange Act of 1934

 

Our officers are relying upon SEC Rule 3a4-1 under the Securities Exchange Act of 1934. The officers of the Company will not be deemed to be brokers solely by reason of their participation in the sale of the securities. The officers are not subject to a statutory disqualification; and they will not be compensated in connection with their participation by the payment of commissions or other remuneration based either directly or indirectly on transactions in securities; and are not at the time of their participation an associated person of a broker or dealer. They will perform substantial duties for or on behalf of the issuer otherwise than in connection with transactions in securities. They were not a broker or dealer, or an associated person of a broker or dealer, within the preceding 12 months. They will not participate in selling an offering of securities for any issuer more than once every 12 months. They will restrict their participation to any one or more of the following activities: (a) preparing any written communication or delivering such communication through the mails or other means that does not involve oral solicitation by the associated person of a potential purchaser; (b) responding to inquiries of a potential purchaser in a communication initiated by the potential purchaser; Provided, however, that the content of such responses are limited to information contained in an Offering Statement filed  under the Securities Act of 1933 or other offering document; or (c) performing ministerial and clerical work involved in effecting any transaction.

 

Pricing of the Offering

 

Prior to the Offering, there has been a limited public market for the Offered Shares. The initial public offering price was determined by our Board of Directors. The principal factors considered in determining the initial public offering price include:

 

  · the information set forth in this Offering Circular and otherwise available;

 

  · our history and prospects and the history of and prospects for the industry in which we compete;

 

  · our past and present financial performance;

 

  · our prospects for future earnings and the present state of our development;

 

  · the general condition of the securities markets at the time of this Offering;

 

  · the recent market prices of, and demand for, publicly traded common stock of generally comparable companies; and

 

  · other factors deemed relevant by us.

 

 

 

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Offering Period and Expiration Date

 

This Offering will start on or after the Qualification Date and will terminate on twelve months from the day the Offering is qualified or the date on which the maximum offering amount is sold (such earlier date, the “Termination Date”).

 

Procedures for Subscribing

 

When you decide to subscribe for Offered Shares in this Offering, you should:

 

  1. Electronically receive, review, execute and deliver to us a subscription agreement; and

 

  2. Deliver funds directly by wire or electronic funds transfer via ACH to the specified account maintained by us.

 

Any potential investor will have ample time to review the subscription agreement, along with their counsel, prior to making any final investment decision. We shall only deliver such subscription agreement upon request after a potential investor has had ample opportunity to review this Offering Circular.

 

Right to Reject Subscriptions. After we receive your complete, executed subscription agreement and the funds required under the subscription agreement have been transferred to the escrow account, we have the right to review and accept or reject your subscription in whole or in part, for any reason or for no reason. We will return all monies from rejected subscriptions immediately to you, without interest or deduction.

 

Acceptance of Subscriptions. Upon our acceptance of a subscription agreement, we will countersign the subscription agreement and issue the shares subscribed at closing. Once you submit the subscription agreement and it is accepted, you may not revoke or change your subscription or request your subscription funds. All accepted subscription agreements are irrevocable.

 

Under Rule 251 of Regulation A, non-accredited, non-natural investors are subject to the investment limitation and may only invest funds which do not exceed 10% of the greater of the purchaser's revenue or net assets (as of the purchaser's most recent fiscal year end). A non-accredited, natural person may only invest funds which do not exceed 10% of the greater of the purchaser's annual income or net worth (please see below on how to calculate your net worth).

  

NOTE: For the purposes of calculating your net worth, it is defined as the difference between total assets and total liabilities. This calculation must exclude the value of your primary residence and may exclude any indebtedness secured by your primary residence (up to an amount equal to the value of your primary residence). In the case of fiduciary accounts, net worth and/or income suitability requirements may be satisfied by the beneficiary of the account or by the fiduciary, if the fiduciary directly or indirectly provides funds for the purchase of the Offered Shares.

 

In order to purchase offered Shares and prior to the acceptance of any funds from an investor, an investor will be required to represent, to the Company's satisfaction, that he is either an accredited investor or is in compliance with the 10% of net worth or annual income limitation on investment in this Offering.

 

No Escrow

 

The proceeds of this offering will not be placed into an escrow account. We will offer our Common Stock on a best efforts basis. As there is no minimum offering, upon the approval of any subscription to this Offering Circular, the Company shall immediately deposit said proceeds into the bank account of the Company and may dispose of the proceeds in accordance with the Use of Proceeds.

 

 

 

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MANAGEMENT'S DISCUSSION AND ANALYSIS OF
FINANCIAL CONDITION AND RESULTS OF OPERATIONS

______

 

You should read the following discussion and analysis of our financial condition and results of our operations together with our consolidated financial statements and the notes thereto appearing elsewhere in this Offering Circular. This discussion contains forward-looking statements reflecting our current expectations, whose actual outcomes involve risks and uncertainties. Actual results and the timing of events may differ materially from those stated in or implied by these forward-looking statements due to a number of factors, including those discussed in the sections entitled “Risk Factors”, “Cautionary Statement regarding Forward-Looking Statements” and elsewhere in this Offering Circular. Please see the notes to our Financial Statements for information about our Critical Accounting Policies and Recently Issued Accounting Pronouncements.

 

Management’s Discussion and Analysis

 

The Company has had no revenues from operations in each of the last two fiscal years, and in the current fiscal year.

 

Plan of Operation for the Next Twelve Months

 

The Company believes that the proceeds of this Offering will satisfy its cash requirements for the next twelve months, based on the successful completion of the entire offering amount. The Company will complete the motion picture the Man in the White Van and obtain distribution for the film which could generate revenues for the Company. Company management is reviewing film scripts in anticipation of investing in/producing other motion pictures

  

For the initial year of operation, we intend on focusing on completing production of the motion picture “The Man in the White Van”.

 

The Company expects to increase the number of employees at the corporate level.

 

Financial Statements for the periods prior to December 31, 2020.

 

The expenses since inception relate to the old business, and are not in any way related to the new business operations going forward. Until EMDF has positive cash flow, the expenses of the new business will be paid for using funds from the Regulation A offering.

 

Cost of revenue. The Company expects that the cost of revenue will consist primarily of expenses associated with the completion, delivery and distribution of our film “the Man in the White Van” and other commercial films. These include expenses related to developing commercial films, marketing, and salaries and benefits for employees on our operations teams.

 

Research and development. The Company will engage in substantial research and development expenses. These will consist primarily of salaries and benefits for employees who are responsible for building new products as well as improving existing products. We will expense all of our research and development costs as they are incurred.

 

Marketing and sales. The Company will make substantial marketing and sales expenses which will consist primarily of salaries, and benefits for our employees engaged in sales, sales support, marketing, business development, operations, and customer service functions. Our marketing and sales expenses also include marketing and promotional expenditures.

 

General and administrative. The majority of our general and administrative expenses will consist of salaries, benefits, and share-based compensation for certain of our executives as well as our legal, finance, human resources, corporate communications and policy employees, and other administrative employees. In addition, general and administrative expenses include professional and legal services. The Company expects to incur substantial expenses in marketing the current Offering, in closing its acquisitions, and in promoting and managing these acquisitions.

 

 

 

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Off-Balance Sheet Arrangements

 

The Company has no off-balance sheet arrangements.

 

Quantitative and Qualitative Disclosures about Market Risk

 

In the ordinary course of our business, we may be exposed to market risk of the sort that may arise from changes in interest rates or foreign currency exchange rates, or that may otherwise arise from transactions in derivatives.

 

The preparation of financial statements in conformity with GAAP requires our management to make estimates and assumptions that affect the reported amounts of assets and liabilities and the disclosure of contingent assets and liabilities at the date of the consolidated financial statements, and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates. The Company's significant estimates and assumptions include the fair value of the Company's common stock, stock-based compensation, the recoverability and useful lives of long-lived assets, and the valuation allowance relating to the Company's deferred tax assets.

 

Contingencies

 

Certain conditions may exist as of the date the financial statements are issued, which may result in a loss to the Company, but which will only be resolved when one or more future events occur or fail to occur. The Company's management, in consultation with its legal counsel as appropriate, assesses such contingent liabilities, and such assessment inherently involves an exercise of judgment. In assessing loss contingencies related to legal proceedings that are pending against the Company or unasserted claims that may result in such proceedings, the Company, in consultation with legal counsel, evaluates the perceived merits of any legal proceedings or unasserted claims, as well as the perceived merits of the amount of relief sought or expected to be sought therein. If the assessment of a contingency indicates it is probable that a material loss has been incurred and the amount of the liability can be estimated, then the estimated liability would be accrued in the Company's financial statements. If the assessment indicates a potentially material loss contingency is not probable, but is reasonably possible, or is probable, but cannot be estimated, then the nature of the contingent liability, together with an estimate of the range of possible loss, if determinable and material, would be disclosed. Loss contingencies considered remote are generally not disclosed unless they involve guarantees, in which case the guarantees would be disclosed.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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BUSINESS

______

 

Summary

 

The Company, sometimes referred to herein as “we,” “us,” “our,” and the “Company” and/or “E Med Future, Inc.” was incorporated as Acem Holdings, Inc. on March 14, 1990, under the laws of the State of Nevada.

 

On January 13th, 2021, Synergy Management Group adopted a resolution that designated a class of capital stock as “Special 2021 Series A Preferred”, par value $.001 per share. The number of authorized shares of 2021 Series A Preferred Stock is fifteen (15) shares. The Special 2021 Series A Preferred has 60% voting rights over all classes of stock and is convertible into 500,000,000 shares of the Company’s common stock.

 

On February 22, 2021, in a private transaction, Synergy Management Group entered into a Securities Purchase Agreement (the SPA”) with Kompo Family Company, a Florida limited liability company, to sell the Special 2021 Series A Preferred Stock. Upon closing of the SPA on February 22, 2021, Kompo Family Company, LLC acquired 60% voting control of the Company.

 

On June 3, 2021, the Company filed a Certificate of Amendment to Articles of Incorporation with the State of Nevada to change the Company’s name from XL Rent, Inc. to E Med Future, Inc.

 

On September 15, 2021, the Board of Directors amended the Company’s Certificate of Incorporation to increase the Company’s authorized shares to 750,000,000 of Common Stock, par value $0.001 and 15 shares of 2021 Special Series A Preferred Shares , par value $0.001.

 

On October 7, 2021, the Board of Directors amended the Company’s Certificate of Incorporation to increase the Company’s authorized shares to 900,000,000 of Common Stock, par value $0.001 and 10,000,000 shares of Preferred Stock, par value $0.001 and designated 15 shares of Preferred Stock as 2021 Special Series A Preferred Shares , par value $0.001.

 

On October 7, 2021, the Company purchased one hundred percent of the membership interests of BBPL, LLC and Brooksville Project, LLC from Gary and Elizabeth Kompothecras for $5,000,000.00 of Company shares.

  

The Company has been organized to finance and produce commercial films.

 

OVERVIEW

 

The Company finances independent motion pictures by providing funds directly to production companies, or by purchasing a script and completing the motion picture in-house through one of its wholly-owned subsidiaries.

 

Film Finance

 

E Med Future, Inc. is an independent entertainment company focused on the financing of premium motion picture content. The Company provides capital and strategic guidance to creative projects and companies operating throughout popular culture. The Company’s media practice works with filmmakers to guide every stage of creative packaging, providing direct capital investment for production, sales, distribution and licensing in order to maximize production quality and audience reach.  The company is developing a network of partners across every area of agency, management, capital and distribution to ensure that worthwhile projects and businesses receive the attention, momentum and resources they need to succeed.

 

 

 

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The Company’s purpose is to develop, produce, invest in, distribute, manage and structure a diversified portfolio of entertainment investments, between $100,000 and $5 million dollars per investment. We expect to use substantially all of the net proceeds from this offering to develop, produce, invest in, distribute, manage and structure motion picture, television, new media, and other entertainment-related production financing, equity investments, mezzanine loans, and participations in such financing and investments. We may also invest in entertainment-related equity securities, debt securities, tax credit financing, and other entertainment-related assets. 

 

The Company intends to finance three to five films per year in order to build a marketable library of content.

 

The Company plans to partner with production companies that produce motion pictures at the lowest possible cost consistent with the high quality that the Company demands.  

 

We will seek to create and maintain a diversified portfolio of entertainment investments that generate a modest income stream of attractive and consistent cash distributions, while obtaining growth and liquidity. Our focus on investing in equity and debt instruments will emphasize the payment of current & future returns to investors with an eye on preservation and growth of invested capital as one of our investment objectives. We will have emphasis on seeking long-term capital appreciation from our investments, which is typical of more opportunistic equity-oriented strategies.

 

We have no operating history as an entertainment company, and as of the date of this offering circular, our total assets consist of $500,000 in cash loaned to the Company’s wholly-owned subsidiary, Brooksville Project, LLC by Gary Kompothecras, the Company’s CEO to finance the production of the film “The Man in the White Van”.

 

This is a “blind pool” offering because we have not identified any investments to develop, produce, invest in, distribute, manage and structure with the net proceeds of this offering. You will not be able to evaluate our investments prior to purchasing shares.

 

Market Opportunities

 

We believe that the near and intermediate-term market for investment in entertainment industry tax credit loans, entertainment industry equity investments, entertainment industry-related debt securities, and other entertainment industry or other motion picture related assets is compelling from a risk-return perspective. Given the prospect of moderate to high profit potential for motion pictures and entertainment investments, we favor a strategy weighted toward targeted equity investment alongside mezzanine and tax credit debt which maximize current income, with significant subordinate capital and downside structural protections. Since, returns typically associated with a single equity strategies are mostly “back-ended” and are dependent on asset appreciation, we believe that our duel equity and debt investment strategy, combined with the experience and expertise of our management team will provide opportunities to develop, produce, invest in, distribute, manage and structure a diversified portfolio of entertainment investments with attractive current and accrued returns and strong structural features directly with entertainment production companies, thereby taking advantage of changing market conditions in order to seek the best risk-return dynamic for our shareholders. We believe the overall state of the domestic theatrical release window Post-Covid 19 is healthy, with receipts on an upward swing for feature films.

 

Independent Film Sector

 

The efforts of independent films have been generally well-received, as independent films have received a significant portion of critical acclaim and awards. This type of recognition greatly enhances their value, particularly in ancillary markets.

 

The filmmaking unions have responded to the increasing number of independent films by instituting low-budget versions of their basic agreements, thereby allowing independent producers to hire the same top-tier talent and technicians used by the major film studios, but at significantly lower rates.

 

 

 

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Tax Credit Recoupment

 

Many states and foreign government jurisdictions offer industry producers lucrative payments in the form of tax refund or rebate that can amount to as much as 35% of the production costs. This standard financing method generally takes the form of a mezzanine or tax credit loan. Monies will be loaned to the production minus a fee percentage. Upon completion of filming, the funds are then recouped from the government jurisdictions, thereby offsetting investment exposure by as much as 35%.

 

Presales

 

We will seek to use the standard industry practice for high level producers and take assets to distribution markets and presale to distributors in foreign territories for a small upfront fee. These payments from known distributors have the potential to offset the investment risk exposure by as much as 25%.

 

AGREEMENTS

 

Man in White Van Production Services Agreement

 

On March 5, 2021, Gary Kompothecras (the Company CEO), Brooksville Project, LLC (“BPL”) and Legion M Entertainment, Inc. (“Legion M”) (together, the “Parties”) entered into a production service agreement (the “Production Agreement”) concerning the production and distribution of the motion picture titled the Man in the White Van written by Warren Skeels and Sharon Y. Cobb (the “Picture”).

 

Gary and Elizabeth Kompothecras are the sole members of BPL and own all of the membership interests of BPL. BPL is the production company for the production of the Picture. The Parties agree that Legion M will become the Manager of BPL and manage the production of the Picture. Legion M will also be responsible for obtaining distribution for the Picture.

 

BPL will own all rights, title and interest in and to the Picture and the results and proceeds of production of the Picture except for 15% of actual profits realized by the Picture shall be paid to Legion M for profit participation. Legion M shall also receive $200,000.00 as a production services fee.

 

Securities Purchase Agreement

 

On February 22, 2021, the Synergy Management Group, LLC (“Synergy”) and the Kompo Family Company, LLC (“Kompo”) entered into a securities purchase agreement (the “SPA”) in which Kompo purchased from Synergy 15 shares of the Special 2021 Series A Preferred Shares (the “Series A Preferred”) of XL, Rent, Inc., a Nevada corporation (“XL Rent”) trading under the symbol “EMDF”). Each share of Series A Preferred converted 1 to 10,000,000 common shares of XL Rent. The purchase price for the 15 shares of Series A Preferred was $85,000.00.

 

The Kompo Family Company, LLC is 100% owned through various trusts by the children of the Company’s CEO, Gary Kompothecras.

 

Brooksville Project, LLC Membership Purchase Agreement

 

On October 7, 2021, the Company purchased one hundred percent (100%) of the membership interests of Brooksville Project, LLC (“Brooksville”) from Gary and Elizabeth Kompothecras for $2,500,000 of Company shares.

 

Brooksville Project, LLC was created as a single purpose production services entity for the production and commercially exploitation of the motion picture Man In The White Van.

 

The Company assumed all of the obligations and liabilities of Brooksville. As a result of this transaction, Brooksville became a wholly-owned subsidiary of the Company.

 

 

 

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BPLA, LLC Membership Purchase Agreement

 

On October 7, 2021, the Company purchased one hundred percent (100%) of the membership interests of BPLA, LLC (“BPLA”) from Gary and Elizabeth Kompothecras for $2,500,000 of Company shares.

 

Brooksville Project, LLC was created as a production services entity for the production and commercially exploitation of the motion picture the Man In The White Van and to take advantage of any state tax credits available for the production of the project.

 

The Company assumed all of the obligations and liabilities of BPLA. As a result of this transaction, BPLA became a wholly-owned subsidiary of the Company.

 

Investment Company Act Considerations

 

The Company intends to conduct our operations so that neither we, nor any of our subsidiaries, are required to register as investment companies under the Investment Company Act of 1940, as amended, or the Investment Company Act. Section 3(a)(1)(A) of the Investment Company Act defines an investment company as any issuer that is or holds itself out as being engaged primarily in the business of investing, reinvesting or trading in securities. Section 3(a)(1)(C) of the Investment Company Act defines an investment company as any issuer that is engaged or proposes to engage in the business of investing, reinvesting, owning, holding or trading in securities and owns or proposes to acquire investment securities having a value exceeding 40% of the value of the issuer’s total assets (exclusive of U.S. Government securities and cash items) on an unconsolidated basis, which we refer to as the 40% test. Excluded from the term “investment securities,” among other things, are U.S. Government securities and securities issued by majority-owned subsidiaries that are not themselves investment companies and are not relying on the exception from the definition of investment company set forth in Section 3(c)(1) or Section 3(c)(7) of the Investment Company Act.

 

The Company anticipates that we will hold entertainment and entertainment-related assets described below (i) directly, (ii) through wholly-owned subsidiaries, (iii) through majority-owned joint venture subsidiaries, and, (iv) to a lesser extent, through minority-owned joint venture subsidiaries.

 

The Company intends to use substantially all of the net proceeds of this offering to develop, produce, invest in, distribute, manage and structure a diversified portfolio of entertainment investments, through the use of loans, including mezzanine loans, and equity investments in motion picture industry films, television and new media. We may also invest in entertainment industry-related debt securities, tax credit financing and other motion picture industry-related assets.

 

The Company will monitor our compliance with the 40% test and the holdings of our subsidiaries to ensure that each of our subsidiaries is in compliance with an applicable exemption or exclusion from registration as an investment company under the Investment Company Act.

 

The securities issued by any wholly-owned or majority-owned subsidiary that the Company may form and that are excluded from the definition of “investment company” based on Section 3(c)(1) or 3(c)(7) of the Investment Company Act, together with any other investment securities we may own, may not have a value in excess of 40% of the value of our total assets on an unconsolidated basis.

 

The Investment Company Act defines a majority-owned subsidiary of a person as a company 50% or more of the outstanding voting securities of which are owned by such person, or by another company which is a majority-owned subsidiary of such person. We treat companies in which we own at least a majority of the outstanding voting securities as majority-owned subsidiaries. The determination of whether an entity is a majority-owned subsidiary of our company is made by us. We also treat subsidiaries of which we or our wholly-owned or majority-owned subsidiary is the manager (in a manager-managed entity) or managing member (in a member-managed entity) or in which our agreement or the agreement of our wholly-owned or majority-owned subsidiary is required for all major decisions affecting the subsidiaries (referred to herein as “Controlled Subsidiaries”), as majority-owned subsidiaries even though none of the interests issued by such Controlled Subsidiaries meets the definition of voting securities under the Investment Company Act. We reached our conclusion on the basis that the interests issued by the Controlled Subsidiaries are the functional equivalent of voting securities. We have not asked the SEC staff for concurrence of our analysis and it is possible that the SEC staff could disagree with any of our determinations. If the SEC staff were to disagree with our treatment of one or more companies as majority-owned subsidiaries, we would need to adjust our strategy and our assets. Any such adjustment in our strategy could have a material adverse effect on us.

 

 

 

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The Company believes that neither we nor certain of our subsidiaries will be considered investment companies for purposes of Section 3(a)(1)(A) of the Investment Company Act because we and they will not engage primarily or hold themselves out as being primarily in the business of investing, reinvesting or trading in securities. Rather, we and such subsidiaries will be primarily engaged in non-investment company businesses related to the entertainment industry. Consequently, we and our subsidiaries expect to be able to conduct our operations such that none will be required to register as an investment company under the Investment Company Act.

 

Qualification for exemption from registration under the Investment Company Act will limit our ability to make certain investments. To the extent that the SEC staff provides more specific guidance regarding any of the matters bearing upon such exclusions, we may be required to adjust our strategy accordingly. Any additional guidance from the SEC staff could provide additional flexibility to us, or it could further inhibit our ability to pursue the strategies we have chosen.

 

The loss of our exclusion from regulation pursuant to the Investment Company Act could require us to restructure our operations, sell certain of our assets or abstain from the purchase of certain assets, which could have an adverse effect on our financial condition and results of operations. See “Risk Factors—Risks related to Our Organizational Structure—Maintenance of our Investment Company Act exemption imposes limits on our operations, which may adversely affect our operations.”

 

Seasonality

 

We do not expect any seasonality in our business.

 

Litigation

 

The Company has no current, pending or threatened legal proceedings or administrative actions either by or against the Company issuer that could have a material effect on the issuer's business, financial condition, or operations and any current, past or pending trading suspensions

 

Facilities

 

We occupy offices at 4054 Sawyer Road, Sarasota, FL 34233. We are working to secure other facilities.

 

Employees

 

As of December 30, 2020, we had two full-time and four part-time employees including officers and directors. We believe that we have been successful in attracting experienced and capable personnel. Our full-time employees have entered into an agreement with us requiring them not to compete or disclose our proprietary information. Neither employee is represented by a labor union. We believe that relations with these employees to be excellent.

 

 

 

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Intellectual Property

 

We may rely on a combination of patent, trademark, copyright, and trade secret laws in the United States as well as confidentiality procedures and contractual provisions to protect our proprietary technology, databases, and our brand.

 

Motion picture and television piracy is extensive in many parts of the world, including South America, Asia and certain Eastern European countries, and is made easier by technological advances and the conversion of content into digital formats. This trend facilitates the creation, transmission and sharing of high quality unauthorized copies of content on packaged media and through digital formats. The proliferation of unauthorized copies of these products has had and will likely continue to have an adverse effect on our business, because these products may reduce the revenue we receive from our products. Our ability to protect and enforce our intellectual property rights is subject to certain risks and, from time to time, we encounter disputes over rights and obligations concerning intellectual property. We cannot provide assurance that we will prevail in any intellectual property disputes.

 

We have a policy of requiring key employees and consultants to execute confidentiality agreements upon the commencement of an employment or consulting relationship with us. Our employee agreements also require relevant employees to assign to us all rights to any inventions made or conceived during their employment with us. In addition, we have a policy of requiring individuals and entities with which we discuss potential business relationships to sign non-disclosure agreements. Our agreements with clients include confidentiality and non-disclosure provisions.

 

Legal Proceedings

 

We may from time to time be involved in various claims and legal proceedings of a nature we believe are normal and incidental to our business. These matters may include product liability, intellectual property, employment, personal injury caused by our employees, and other general claims. We are not presently a party to any legal proceedings that, in the opinion of our management, are likely to have a material adverse effect on our business. Regardless of outcome, litigation can have an adverse impact on us because of defense and settlement costs, diversion of management resources and other factors.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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MANAGEMENT

______

 

The following table sets forth information regarding our executive officers, directors and significant employees, including their ages as of January 25, 2021:

 

Name and Principal Position   Age   Term of Office  

Approximate hours

per week

Gary Kompothecra, Chief Executive Officer, President and Director   61   October 2021 to October 2023   30
Vincent Payne, CFO, Treasurer, Secretary and Director   66   October 2021 to October 2023   30

 

Gary Kompothecras – CEO, President and Director

 

Dr. Gary Kompothecras has been the Chief Executive Officer, President and Member of the Board of Directors of E Med Future, Inc. since February 2021.

 

Dr. Gary Kompothecras is a highly accomplished, result-driven professional with more than 25 years of business experience, including extensive work in raising capital (equity and debt), Dr. Kompothecra is an entrepreneur of many successful endeavors who has been dedicated to the betterment of the great State of Florida. Dr. Kompothecra possesses the ability to manage and bring together under one umbrella a highly diverse group of individuals, with equally diverse skill sets, with varied interests to accomplish a common business or public interest goal. His successes include Physician’s Group, LLC, a Joint Commission accredited multidisciplinary/multispecialty medical group with over 40 facilities and currently employing over 400 Floridians. Dr. Kompothecra’s other successes include the creation and branding of 1-800-Ask Gary®; and a growing investment in Florida tourism with the acquisition of a hotel and resort properties. Dr. Kompothecra is a philanthropist who has constantly and generously supported organizations assisting Floridians in need of assistance. He is a tireless champion fighting the causes of autism. Dr. Kompothecra has a proven record of successful navigation of financial markets, managing international trade, and being an innovator in health care management.

 

Dr. Kompothecras is currently the President & Chief Executive Officer of Physicians Group, LLC (“Physicians”), a multi-specialty group practice specializing in the care and treatment of motor vehicle accident victims. Mr. Kompothecras has been employed by Physicians since 1996. Currently the company employs approximately 520 employees, 420 of which live and work in Florida.

 

Prior to Physicians, Dr. Kompothecras had held positions with financial service firms that offered wealth management, investment banking and asset management to its clients.

  

Dr. Kompothecras obtained a Bachelor of Arts in Marketing from University of South Florida in Tampa, Florida.  He earned his Doctor of Chiropractic from Life University in Marietta, Georgia.

 

Vincent Payne, CFO, Treasurer, Secretary and Director

 

Mr. Payne is a seasoned financial executive with a solid record of evaluating profitability, identifying opportunities for increased efficiency, developing strategies to reduce costs and improving internal controls. Mr. Payne has diversified financial experience with manufacturers, service-oriented, distribution and construction related industries. He has combined strategic and tactical expertise with strong qualifications in operations management and transaction structuring/negotiations.

 

Mr. Payne currently serves as the Chief Financial Officer, Treasurer, Secretary and member of the Board of Directors of E Med Future, Inc. He has held these positions since February 2021.

 

 

 

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Vincent Payne is currently the Chief Financial Officer for Diversified Services Enterprises Inc. (“Diversified”). Mr. Payne has been employed by Diversified since 2008. Diversified provides back office support (accounting, HR, payroll, benefit administration, IT, medical billing and patient administration) for multi-disciplined medical practices with clinics in Florida, Minnesota, and New Mexico. Diversified has combined net billings of $75M with assets of $20M. 

 

Mr. Payne has held Chief Financial Officer positions in a variety of industries assisting businesses of various sizes with process improvement and compliance initiatives, developing their management teams, accounting and reporting structure, providing strategic and operational expertise, and raising equity and debt financing.

 

Mr. Payne obtained a Bachelor of Arts in Accounting and Management, Master of Business Administration in Accounting and Finance from University of Tampa. He is also a Certified Public Accountant in the State of Florida.

 

None of our officers or directors in the last five years has been the subject of any conviction in a criminal proceeding or named as a defendant in a pending criminal proceeding (excluding traffic violations and other minor offenses), the entry of an order, judgment, or decree, not subsequently reversed, suspended or vacated, by a court of competent jurisdiction that permanently or temporarily enjoined, barred,  suspended or otherwise limited such person’s involvement in any type of business, securities, commodities, or banking activities; a finding or judgment by a court of competent jurisdiction (in a civil action), the Securities and Exchange Commission, the Commodity Futures Trading Commission, or a state securities regulator of a violation of federal or state securities or commodities law, which finding or judgment has not been reversed, suspended, or vacated; or the entry of an order by a self-regulatory organization that permanently or temporarily barred, suspended or otherwise limited such person’s involvement in any type of business or securities activities.

 

There are no family relationships among and between our directors, officers, persons nominated or chosen by the Company to become directors or officers, or beneficial owners of more than five percent (5%) of the any class of the Company’s equity securities other than the ownership of shares by the Kompo Family Company, LLC (“Kompo Company”). Gary Kompothecras, the Company’s CEO, formed the Kompo Company for the benefit of his children. The Kompo Company owns and controls 15 shares of the Special 2021 Series A Preferred. Special 2021 Series A Preferred shareholders have voting rights equal to sixty percent (60%) of all votes entitled to be voted at any annual or special meeting of the shareholders of the Corporation or action by written consent of shareholders. Each share of Series A Preferred Stock is convertible into ten million (10,000,000) shares of the common stock of the Company.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

  44  

 

 

EXECUTIVE COMPENSATION

______

 

Employment Agreements

 

On October 1, 2021, Mr. Kompothecra entered into an employment agreement with the Company for a term of two years. Pursuant to his employment agreement, he has agreed to devote a substantial portion of his business and professional time and efforts to our business. Mr. Kompothecra will receive an annual base salary of $100,000.00. Mr. Kompothecra’s salary will increase to $120,000.00 annually, if the Company raises $1,000,000.00 in capital funding. Mr. Kompothecra is also eligible to participate in any bonus pools established by the Company.

 

On October 1, 2021, Mr. Payne entered into an employment agreement for a term of two years. Pursuant to his employment agreement, he has agreed to devote a substantial portion of his business and professional time and efforts to our business. Mr. Payne will receive an annual base salary of $100,000.00. Mr. Payne’s salary will increase to $120,000.00 annually, if the Company raises $1,000,000.00 in capital funding. Mr. Payne is also eligible to participate in any bonus pools established by the Company.

 

The employment agreements provide that each employee shall receive a salary determined by the Board of Directors commensurate with the development of the Company. Each employee may be entitled to receive, at the sole discretion of our Board of Directors or a committee thereof, bonuses based on the achievement (in whole or in part) by the Company of our business plan and achievement by the employee of fixed personal performance objectives.

 

The following table represents information regarding the total compensation our officers and directors of the Company for the period ended December 31, 2020:

 

Name and Principal Position   Cash Compensation     Annual Bonus Available     Other Compensation     Total Compensation  
                         
Gary Kompothecras, CEO, President and Director   $ 0.00                     $ 0.00  
                                 
Vincent Payne, CFO, Treasurer, Secretary and Director   $ 0.00                     $ 0.00  
                                 
Total   $ 0.00                     $ 0.00  

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

  45  

 

 

CERTAIN RELATIONSHIPS AND RELATED PARTY TRANSACTIONS

______

 

During the last two full fiscal years and the current fiscal year or any currently proposed transaction, there is no transaction involving the Company, in which the amount involved exceeds the lesser of $10,000 or one percent of the average of the Company’s total assets at year-end for its last three fiscal years.

 

Gary Kompothecras has formed the Kompo Family Company, LLC (“Kompo Company”) for the benefit of his children. The Kompo Company owns and controls 15 shares of the Special 2021 Series A Preferred. Special 2021 Series A Preferred shareholders have voting rights equal to sixty percent (60%) of all votes entitled to be voted at any annual or special meeting of the shareholders of the Corporation or action by written consent of shareholders. Each share of Series A Preferred Stock is convertible into ten million (10,000,000) shares of the common stock of the Company.

 

Disclosure of Conflicts of Interest

 

There are no conflicts of interest between the Company and any of its officers or directors except Gary Kompothecras has loaned one of the company’s wholly-owned subsidiaries Brooksville Project, LLC $500,000. Further, Gary Kompothecras has formed the Kompo Family Company, LLC (“Kompo Company”) for the benefit of his children. The Kompo Company owns and controls 15 shares of the Special 2021 Series A Preferred. Special 2021 Series A Preferred shareholders have voting rights equal to sixty percent (60%) of all votes entitled to be voted at any annual or special meeting of the shareholders of the Corporation or action by written consent of shareholders. Each share of Series A Preferred Stock is convertible into ten million (10,000,000) shares of the common stock of the Company.

 

Further, on October 7, 2021, the Company purchased one hundred percent of the membership interests of BBPL, LLC and Brooksville Project, LLC from Gary and Elizabeth Kompothecras for $5,000,000.00 of Company shares. Gary Kompothecras, is the Company CEO and a member of the Board of Directors.

 

Employment Agreements

 

Our officers and directors have entered into employment agreements with the Company for a term of two years. Pursuant to these employment agreements, they have agreed to devote a substantial portion of their business and professional time and efforts to our business. The employment agreements provide that each employee shall receive a salary determined by the Board of Directors commensurate with the development of the Company. The employee may be entitled to receive, at the sole discretion of our Board of Directors or a committee thereof, bonuses based on the achievement (in whole or in part) by the Company of our business plan and achievement by the employee of fixed personal performance objectives.

 

The employment agreements also contain covenants (a) restricting the executive from engaging in any activities competitive with our business during the terms of such employment agreements, and (b) prohibiting the executive from disclosure of confidential information regarding the Company at any time.

 

The Company's directors are elected by shareholders at each annual meeting or, in the event of a vacancy, appointed by the Board of Directors then in office to serve until the next annual meeting or until their successors are duly elected and qualified. The Company's executive officers are appointed by the Board of Directors and serve at the discretion of the Board of Directors.

 

 

 

  46  

 

 

Legal/Disciplinary History

 

None of E Med Future, Inc.’s Officers or Directors have been the subject of any criminal proceeding or named as a defendant in a pending criminal proceeding (excluding traffic violations and other minor offenses);

 

None of E Med Future, Inc.’s Officers or Directors have been the subject of any entry of an order, judgment, or decree, not subsequently reversed, suspended or vacated, by a court of competent jurisdiction that permanently or temporarily enjoined, barred, suspended or otherwise limited such person’s involvement in any type of business, securities, commodities, or banking activities;

 

None of E Med Future, Inc.’s Officers or Directors have been the subject of any finding or judgment by a court of competent jurisdiction (in a civil action), the Securities and Exchange Commission, the Commodity Futures Trading Commission, or a state securities regulator of a violation of federal or state securities or commodities law, which finding or judgment has not been reversed, suspended, or vacated; or

 

None of E Med Future, Inc.’s Officers or Directors has been the subject of any entry of an order by a self-regulatory organization that permanently or temporarily barred, suspended or otherwise limited such person’s involvement in any type of business or securities activities.

 

Board Composition

 

Our board of directors currently consists of two members. Each director of the Company serves until the next annual meeting of stockholders and until his successor is elected and duly qualified, or until his earlier death, resignation or removal. Our board is authorized to appoint persons to the offices of Chairman of the Board of Directors, President, Chief Executive Officer, one or more vice presidents, a Treasurer or Chief Financial Officer and a Secretary and such other offices as may be determined by the board.

 

We have no formal policy regarding board diversity. In selecting board candidates, we seek individuals who will further the interests of our stockholders through an established record of professional accomplishment, the ability to contribute positively to our collaborative culture, knowledge of our business and understanding of our prospective markets.

 

Board Leadership Structure and Risk Oversight

 

The board of directors oversees our business and considers the risks associated with our business strategy and decisions. The board currently implements its risk oversight function as a whole. Each of the board committees when established will also provide risk oversight in respect of its areas of concentration and report material risks to the board for further consideration.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

  47  

 

 

PRINCIPAL STOCKHOLDERS

______

 

The following table sets forth certain information known to us regarding beneficial ownership of our capital stock as of August 5, 2021 for (i) all executive officers and directors as a group and (ii) each person, or group of affiliated persons, known by us to be the beneficial owner of more than ten percent (10%) of our capital stock. The percentage of beneficial ownership in the table below is based on 42,560,615 shares of common stock deemed to be outstanding as of August 5, 2021.

 

Name and Address

2021 Special Series A

Preferred Stock

 

Common Stock Percentage of
Common Stock
Outstanding
on
August 5, 2021 (1)
Percentage of
Common Stock
Outstanding
Assuming All Shares
Offered are Sold (2)
Gary Kompothecras (3) 15 0 0 0
Vincent Payne   0 0 0
Donald Sullivan   7,000,000 16.4 2.8
Kompo Family Company, LLC (3) 15      
Total 15 7,000,000 16.4 2.8

 

(1) Based on a total of 42,560,615 shares of Common Stock outstanding as of August 5, 2021.

 

(2) Assumes all shares offered are sold.

 

(3) Gary Kompothecras has formed the Kompo Family Company, LLC (“Kompo Company”) for the benefit of his children. The Kompo Company owns and controls 15 shares of the Special 2021 Series A Preferred. Special 2021 Series A Preferred shareholders have voting rights equal to sixty percent (60%) of all votes entitled to be voted at any annual or special meeting of the shareholders of the Corporation or action by written consent of shareholders. Each share of Series A Preferred Stock is convertible into ten million (10,000,000) shares of the common stock of the Company.

 

Capitalization

 

Class of Stock Par Value Authorized

Outstanding as of

October 4, 2021

2021 Special Preferred Stock, Series A 0.001 15 15
Common Stock 0.001 900,000,000 42,560,615

 

 

 

 

  48  

 

 

DESCRIPTION OF SECURITIES

______

 

The Common Stock

 

We are authorized to issue 900,000,000 shares of Common Stock, $0.001 par value. The holders of Common Stock are entitled to equal dividends and distributions, with respect to the Common Stock when, as, and if declared by the Board of Directors from funds legally available for such dividends. No holder of Common Stock has any preemptive right to subscribe for any of our stock nor are any shares subject to redemption. Upon our liquidation, dissolution or winding up, and after payment of creditors and any amounts payable to senior securities, the assets will be divided pro rata on a share-for-share basis among the holders of the shares of Common Stock. All shares of Common Stock now outstanding upon completion of this Offering and conversion of any Preferred Stock, are, and will be, fully paid, validly issued and non-assessable.

 

Holders of our Common Stock do not have cumulative voting rights, so that the holders of more than 50% of the shares voting for the election of directors will be able to elect 100% of the directors if they choose to do so, and in that event, the holders of the remaining shares will not be able to elect any members to the Board of Directors.

 

The Company has never paid any dividends to shareholders of our Common Stock. The declaration in the future of any cash or stock dividends will depend upon our capital requirements and financial position, general economic conditions, and other pertinent factors. We presently intend not to pay any cash or stock dividends in the foreseeable future. Management intends to reinvest earnings, if any, in the development and expansion of our business. No dividend may be paid on the Common Stock until all Preferred Stock dividends are paid in full.

 

Preferred Stock

 

We are authorized by our Articles of Incorporation to issue a maximum of 10,000,000 shares of Preferred Stock. This Preferred Stock may be in one or more series and containing such rights, privileges and limitations, including voting rights, conversion privileges and/or redemption rights, as may, from time to time, be determined by our Board of Directors. Preferred stock may be issued in the future in connection with acquisitions, financings or such other matters as the Board of Directors deems to be appropriate. In the event that any such shares of Preferred Stock shall be issued, a Certificate of Designation, setting forth the series of such Preferred Stock and the relative rights, privileges and limitations with respect thereto, shall be filed. The effect of such Preferred Stock is that our Board of Directors alone, within the bounds and subject to the federal securities laws and the Nevada Law, may be able to authorize the issuance of Preferred Stock which could have the effect of delaying, deferring or preventing a change in control of our Company without further action by the stockholders and might adversely affect the voting and other rights of holders of Common Stock. The issuance of Preferred Stock with voting and conversion rights also may adversely affect the voting power of the holders of Common Stock, including the loss of voting control to others.

 

The Company has no current plans to issue additional shares of any class of preferred stock other than those currently outstanding.

 

PREFERRED STOCK

 

The Board of Directors is expressly vested with the authority to divide any or all of the Preferred Stock into series and to fix and determine the relative rights and preferences of the shares of each series so established, provided, however, that the rights and preferences of the various series may vary only with respect to:

 

(a) the rate of dividend;

 

(b) whether the shares may be called and, if so, the call price and the terms and conditions of call;

 

(c) the amount payable upon the shares in the event of voluntary and involuntary liquidation;

 

(d) sinking fund provisions, if any for the call or redemption of the shares;

 

 

 

  49  

 

 

(e) the terms and conditions, if any, on which the shares may be converted;

 

(f) voting rights; and

 

(g) whether the shares will be cumulative, noncumulative or partially cumulative as to dividends and the dates from which any cumulative dividends are to accumulate.

 

The Board of Directors shall exercise the foregoing authority by adopting a resolution setting forth the designation of each series and the number of shares therein, and fixing and determining the relative rights and preferences thereof. The Board of Directors may make any change in the designations, terms, limitations or relative rights or preferences of any series in the same manner, so long as no shares of such series are outstanding at such time.

 

Within the limits and restrictions, if any, stated in any resolution of the Board of Directors originally fixing the number of shares constituting any series, the Board of Directors is authorized to increase or decrease (but not below the number of shares of such series then outstanding) the number of shares of any series subsequent to the issue of shares of such series. In case the number of shares of any series shall be so decreased, the share constituting such decrease shall resume the status which they had prior to the adoption of the resolution originally fixing the number of shares of such series.

 

Existing Preferred Stock

 

Designations, Preferences, Rights And Limitations

Of Special 2021 Series A Preferred Stock

 

Designation and Number of Shares. 15 shares of Special 2021 Series A Preferred Stock have been authorized with a $0.001 par value per share (the “Series A Preferred Stock” or “Series A Preferred Shares “). There are fifteen shares of Series A Preferred Stock outstanding.

 

Voting. Except as otherwise required by law, the Corporation’s Articles of Incorporation or Nevada statutes, the outstanding shares of Series A Preferred Stock shall vote together with the shares of Common Stock and other voting securities of the Corporation as a single class and, regardless of the number of shares of Series A Preferred Stock outstanding and as long as at least one of such shares of Series A Preferred Stock is outstanding, shall represent sixty percent (60%) of all votes entitled to be voted at any annual or special meeting of shareholders of the Corporation or action by written consent of shareholders. Each outstanding share of the Series A Preferred Stock shall represent its proportionate share of the 60% which is allocated to the outstanding shares of Series A Preferred Stock.

 

So long as any shares of Series A Preferred Stock are outstanding, the Corporation shall not (i) alter or change any of the powers, preferences, privileges or rights of the Series A Preferred Stock, without first obtaining the approval by vote or written consent, in the manner provided by law, of the holders of at least a majority of the outstanding shares of Series A Preferred Stock, voting as a class, as to changes affecting the Series A Preferred Stock.

 

Dividends. The holders of Series A Preferred Stock shall not be entitled to receive dividends and shall not participate in any proceeds available to the Corporation’s shareholders upon liquidation, dissolution or winding up of the Corporation.

 

Restriction on Changes. The Corporation shall not: (a) alter or change the rights, preferences or privileges of the Series A Preferred Stock; or (b) by amendment of its Certificate of Incorporation or through any reorganization, transfer of assets, consolidation, merger, dissolution, issue or sale of securities or any other voluntary action, avoid or seek to avoid the observance or performance of any other items to be observed or performed by the Corporation hereunder. The Corporation shall, in good faith, undertake all actions to protect the holders of the Series A Preferred rights against impairment.

 

Conversion Rights. Each share of Series A Preferred Stock shall be convertible into ten million (10,000,000) shares of Common Stock of the Company at the option of the holder. Conversion is a right and is not required.

 

 

 

  50  

 

 

DIVIDEND POLICY

______

 

We have never declared or paid cash dividends on our capital stock. We currently intend to retain any future earnings for use in the operation of our business and do not intend to declare or pay any cash dividends in the foreseeable future. Any further determination to pay dividends on our capital stock will be at the discretion of our Board of Directors, subject to applicable laws, and will depend on our financial condition, results of operations, capital requirements, general business conditions, and other factors that our Board of Directors considers relevant.

 

SECURITIES OFFERED

______

 

Current Offering

 

E Med Future, Inc. (“E Med Future, Inc.,” “We,” or the “Company”) is offering up to $10,000,000 total of Securities, consisting of Common Stock, $0.001 par value (the “Common Stock” or collectively the “Securities”).

 

The Common Stock

 

We are authorized to issue 900,000,000 shares of Common Stock, $0.001 par value. The holders of Common Stock are entitled to equal dividends and distributions, with respect to the Common Stock when, as, and if declared by the Board of Directors from funds legally available for such dividends. No holder of Common Stock has any preemptive right to subscribe for any of our stock nor are any shares subject to redemption. Upon our liquidation, dissolution or winding up, and after payment of creditors and senior securities, the assets will be divided pro rata on a share-for-share basis among the holders of the shares of Common Stock. All shares of Common Stock now outstanding upon completion of this Offering are, and will be, fully paid, validly issued and non-assessable.

 

Holders of our Common Stock do not have cumulative voting rights, so that the holders of more than 50% of the shares voting for the election of directors will be able to elect 100% of the directors if they choose to do so. In that event, the holders of the remaining shares will not be able to elect any members to the Board of Directors.

 

Transfer Agent

 

Our transfer agent is Standard Registrar and Transfer Agency Inc., 400 East 400 South, Suite 200, Salt Lake City, Utah, 84111, Phone: (801) 571-8844. The transfer agent is registered under the Exchange Act and operates under the regulatory authority of the SEC and FINRA.

 

 

 

  51  

 

 

SHARES ELIGIBLE FOR FUTURE SALE

_____

 

Prior to this Offering, there has been a limited market for our Common Stock. Future sales of substantial amounts of our Common Stock, or securities or instruments convertible into our Common Stock, in the public market, or the perception that such sales may occur, could adversely affect the market price of our Common Stock prevailing from time to time. Furthermore, because there will be limits on the number of shares available for resale shortly after this Offering due to contractual and legal restrictions described below, there may be resales of substantial amounts of our Common Stock in the public market after those restrictions lapse. This could adversely affect the market price of our Common Stock prevailing at that time.

 

Rule 144

 

In general, a person who has beneficially owned restricted shares of our Common Stock for at least twelve months, would be entitled to sell such securities, provided that such person is not deemed to be an affiliate of ours at the time of sale or to have been an affiliate of ours at any time during the 90 days preceding the sale. A person who is an affiliate of ours at such time would be subject to additional restrictions, by which such person would be entitled to sell within any three-month period only a number of shares that does not exceed the greater of the following:

 

  · 1% of the number of shares of our Common Stock then outstanding; or

 

  · the average weekly trading volume of our Common Stock during the four calendar weeks preceding the filing by such person of a notice on Form 144 with respect to the sale;

  

provided that, in each case, we are subject to the periodic reporting requirements of the Exchange Act for at least 90 days before the sale. Rule 144 trades must also comply with the manner of sale, notice and other provisions of Rule 144, to the extent applicable.

 

LEGAL MATTERS

_____

 

Certain legal matters with respect to the shares of common stock offered hereby will be passed upon by Donnell E. Suares, Esq. of Brooklyn, N.Y.

 

EXPERTS

______

 

The consolidated financial statements of the Company appearing elsewhere in this Offering Circular have been prepared by management and have not been reviewed by an independent accountant.

 

WHERE YOU CAN FIND MORE INFORMATION

______

 

We have filed with the SEC a Regulation A Offering Statement on Form 1-A under the Securities Act with respect to the shares of common stock offered hereby. This Offering Circular, which constitutes a part of the Offering Statement, does not contain all of the information set forth in the Offering Statement or the exhibits and schedules filed therewith. For further information about us and the common stock offered hereby, we refer you to the Offering Statement and the exhibits and schedules filed therewith. Statements contained in this Offering Circular regarding the contents of any contract or other document that is filed as an exhibit to the Offering Statement are not necessarily complete, and each such statement is qualified in all respects by reference to the full text of such contract or other document filed as an exhibit to the Offering Statement. Upon the completion of this Offering, we will be required to file periodic reports, proxy statements, and other information with the SEC pursuant to the Securities Exchange Act of 1934. You may read and copy this information at the SEC's Public Reference Room, 100 F Street, N.E., Room 1580, Washington, D.C. 20549. You may obtain information on the operation of the Public Reference Room by calling the SEC at 1-800-SEC-0330. The SEC also maintains an Internet website that contains reports, proxy statements and other information about issuers, including us, that file electronically with the SEC. The address of this site is www.sec.gov.

 

 

 

  52  

 

 

PART III—EXHIBITS

 

Index to Exhibits

 

Exhibit Number Exhibit Description
   
2.1* Articles of Incorporation, March 14, 1990
2.2 Certificate of Amendment, dated January 28, 2003
2.3 Certificate of Amendment dated January 9, 2012
2.4 Certificate of Amendment dated October 25, 2012
2.5 Certificate of Amendment, dated January 14, 2021
2.6 Amended Certificate of Incorporation, dated January 21, 2021
2.7 Certificate of Designation of Special 2021 Series A Preferred Stock, dated January 21, 2021
2.8 Certificate of Amendment, dated June 3, 2021
2.81 Certificate of Amendment, dated September 15, 2021
2.82 By-Laws

2.83

Certificate of Amendment, dated October 7, 2021

3.1 Specimen Stock Certificate
4.1 Subscription Agreement
6.1 Employment Agreement of Gary Kompothecras, dated October 1, 2021
6.2 Employment Agreement of Vincent Payne, dated October 1, 2021
6.3 Man in the White Van Production Service Agreement, between Gary Kompothecras, Brooksville Project, LLC and Legion M Entertainment, Inc., dated March 5, 2021
6.4 Securities Purchase Agreement, between Synergy Management Group, LLC and Kompo Family Company, LLC, dated February 22, 2021
6.5 Purchase Agreement for the Membership Interests of BPLA, LLC between Gary and Elizabeth Kompothecras and E Med Future Inc., dated October 7, 2021

6.6

Purchase Agreement for the Membership Interests of Brooksville Project, LLC between Gary and Elizabeth Kompothecras and E Med Future Inc., dated October 7, 2021

6.7 Music Supervisor Agreement, between BPLA LLC and Critical Solutions, Inc., dated September 8, 2021
11.1 Consent of Donnell Suares (included in Exhibit 12.1)
12.1 Opinion of Donnell Suares

 

* To be filed by amendment.

 

 

 

 

 

 

 

 

 

 

 

 

 

  53  

 

 

SIGNATURES

 

Pursuant to the requirements of Regulation A, the issuer certifies that it has reasonable grounds to believe that it meets all of the requirements for filing on Form 1-A and has duly caused this Offering Statement to be signed on its behalf by the undersigned, thereunto duly authorized, in the City of Sarasota, State of Florida, on November 5, 2021.

 

(Exact name of issuer as specified in its charter): E Med Futures, Inc.
   
By (Signature and Title): /s/ Gary Kompothecras
  Gary Kompothecras
Chief Executive Officer (Principal Executive Officer) and Director

 

 

This Offering Statement has been signed by the following persons in the capacities and on the dates indicated.

 

(Signature): /s/ Gary Kompothecras
 

Gary Kompothecras

 

(Title): Chief Executive Officer, President and Director
   
(Date): November 5, 2021

  

 

SIGNATURES OF DIRECTORS:

 

/s/ Gary Kompothecras

 

November 5, 2021

Gary Kompothecras   Date

 

 

/s/ Vincent Payne

 

November 5, 2021

Vincent Payne   Date

  

 

 

  54  

 

 

E MED FUTURE INC.

INDEX TO FINANCIAL STATEMENTS

 

 

Description  

Page

 
Balance Sheets as of June 30, 2021 and Three Months Ended March 31, 202   F-2  
Statement of Operations for the six months ended June 30, 2021 and Three Months Ended March 31, 2021   F-3  
Statement of Stockholders' Equity for the six ended June 30, 2021 and three months Ended March 31, 2021   F-4  
Statement of Cash Flows for the six months ended June 30, 2021 and three months Ended March 31, 2021   F-5  
Notes to Financial Statements   F-6  

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

  F-1  

 

 

E Med Future, Inc.

CONSOLIDATED BALANCE SHEETS

(UNAUDITED)

 

 

    June 30, 2021     March 31, 2021  
             
ASSETS                
Current Assets:                
Cash   $     $  
Prepaid expenses     147,660       100,810  
TOTAL ASSETS   $ 147,660     $ 100,810  
                 
LIABILITIES & STOCKHOLDERS’ DEFICIT                
Current Liabilities:                
Accounts payable                
Notes payable - related parties   $ 62,660     $ 15,810  
Notes Payable - convertible net of discount            
Total Current Liabilities     62,660       15,810  
Stockholders' Deficit                
Common stock            
200,000,015 shares authorized, par value $0.001 each 42,560,615 shares issued and outstanding at June 30, 2021; 42,560,615 shares issued and outstanding at March 31, 2021     85,000       85,000  
Additional Paid-In Capital            
Capital Stock            
Additional Paid-In Capital            
Treasury Stock            
Accumulated deficit            
Total Stockholders' Deficit   $ 85,000     $ 85,000  
TOTAL LIABILITIES & STOCKHOLDERS’ DEFICIT   $ 147,660     $ 100,810  

 

 

 

 

 

 

 

 

  F-2  

 

 

E MED FUTURE INC.
CONSOLIDATED STATEMENT OF OPERATIONS

(UNAUDITED)

 

 

   

Three Months Ended

June 30, 2021

   

Year Ended

March 31, 2021

 
             
Revenue:                
Income   $     $  
Cost of goods sold            
Total Income            
                 
Operating expenses:                
Employee compensation and benefits            
Stock-based transaction expense            
Occupancy and equipment            
Advertising            
Research and development            
Professional Fees            
Other general and administrative            
Amortization of intangible assets            
Total Operating Expenses            
                 
Operating Loss            
                 
Other:            
Interest Income            
Interest Expense            
Financing Fees            
Discontinued operations            
Other Income (Expense)            
                 
Net Income (Loss)   $     $  
                 
Adjustments            
NET COMPREHENSIVE LOSS   $     $  
                 
Per Share Information:                
Weighted average number of common shares outstanding     42,560,615       42,560,615  
Net Income (Loss) per common share                
- Basic and fully diluted   $     $  

 

 

 

  F-3  

 

 

E MED FUTURE, INC.

CONSOLIDATED STATEMENT OF STOCKHOLDERS' DEFICIT

(UNAUDITED)

 

    COMMON STOCK                 Additional           Accumulated        
   

# of Shares

   

Amount

   

Paid In Capital

 

 

Capital Stock

   

Paid In Capital

   

Treasury Stock

   

Deficit

   

TOTALS

 
Balances
- January 1, 2021
    42,560,600     $ 0     $ 0     $ 0     $ 0     $ 0     $ 0     $ 0  
Issuance of preferred stock     15     $ 0       0       85,000     $ 0     $ 0     $ 0       0  
Adjustments     0     $ 0       0       0     $ 0     $ 0     $ 0       0  
Preferred stock issuable     0     $ 0       0       0     $ 0     $ 0     $ 0       0  
Net Income(Loss) - June 30, 2021     0     $ 0       0       0     $ 0     $ 0     $ 0       0  
Balances - June 30, 2021     42,560,615     $ 0     $ 0     $ 85,000     $ 0     $ 0     $ 0     $ 0  

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

  F-4  

 

 

 

E MED FUTURE, INC.

CONSOLIDATED STATEMENT OF CASH FLOWS

(UNAUDITED)

 

   

SIX MONTHS

ENDED

June 30, 2021

   

THREE MONTHS ENDED

March 31, 2021

 
             
                 
Cash Flows from Operating Activities:                
Net income (loss)   $     $  
Adjustments to reconcile net income(loss) to net cash used in operating activities                
Depreciation and amortization            
Accretion of debt discounts            
Stock-based transaction expense            
Provided services            
Research and Development            
Loss on disposed fixed assets            
Discontinued operations            
Changes in operating assets and liabilities     (147,660 )     (100,810 )
Net Cash Used In Operating Activities     (147,660 )     (100,810 )
                 
Cash Flows from Investing Activities:                
Purchases of property and equipment            
Acquisition of assets            
Net Cash Provided By Investing Activities            
                 
Cash Flows from Financing Activities:                
Proceeds from issuance of common stock            
Proceeds from issuance of warrants            
Proceeds from issuance of beneficial conversion feature            
Proceeds from issuance of long-term debt            
Payment of debt issuance costs            
Payment of fractional shares            
Proceeds from note payables - related parties     147,660       100,810  
Net Cash Provided By Financing Activities     147,660       100,810  
                 
Foreign Currency Translation            
Net Change in Cash   $     $  
Cash and Cash Equivalents - Beginning of Year            
Cash and Cash Equivalents - End of Year            

 

 

 

  F-5  

 

 

NOTE 1 -NATURE OF BUSINESS ORGANIZATION

 

On January 13th, 2021, Synergy Management Group adopted a resolution that designated a class of capital stock as “Special 2021 Series A Preferred”, par value $.001 per share. The number of authorized shares of 2021 Series A Preferred Stock is fifteen (15) shares.

 

The Special 2021 Series A Preferred has 60% voting rights over all classes of stock and is convertible into 500,000,000 shares of the Companys common stock.

 

On February 22, 2021, in a private transaction, Synergy Management Group entered into a Securities Purchase Agreement (the “SPA”) with Kompo Family Company, a Florida limited liability company, to sell the Special 2021 Series A Preferred Stock. Upon closing of the SPA on February 22, 2021, Kompo Family Company, LLC acquired 60% voting control of the Company.

 

On June 3, 2021, the Company filed a Certificate of Amendment to Articles of Incorporation with the State of Nevada to change the Company’s name from XL Rent, Inc. to E Med Future, Inc.

 

The Company currently has no operations.

 

BASIS OF PRESENTATION

 

The Company has not earned any revenues from limited principal operations. Accordingly, the Company’s activities have been accounted for as those of a “Development Stage Enterprise” as set forth in Financial Accounting Standards Board Statement No. 7 (“SFAS 7”). Among the disclosures required by SFAS 7 are that the Company’s financial statements be identified as those of a development stage company, and that the statements of operations, stockholders’ equity (deficit) and cash flows disclose activity since the date of the Company’s inception.

 

As of June 30, 2021 the Company incurred $62,660 in cost and expense related to various required regulatory filling in order for the Company to be current with its reporting. These funds were advanced by the Company’s President who is also a shareholder. These costs and expenses are recorded in Other Current Assets and Other Stockholder Equity on the Balance Sheet. The Company will expense these costs at the time that the Company has earned revenue.

 

BASIS OF ACCOUNTING

 

The accompanying consolidated financial statements have been prepared on the accrual basis of accounting in accordance with accounting principles generally accepted in the United States. All intercompany transactions have been eliminated.

 

NOTE 2 -SIGNIFICANT ACCOUNTING POLICIES GOING CONCERN

 

The accompanying consolidated financial statements have been prepared assuming that the Company will continue as a going concern, which contemplates the realization of assets and the liquidation of liabilities in the normal course of business. These factors, among others, raise substantial doubt about the Company’s ability to continue as a going concern. The accompanying consolidated financial statements do not include any adjustments that might result from the outcome of this uncertainty.

 

 

 

  F-6  

 

 

USE OF ESTIMATES

 

The preparation of financial statements in conformity with U.S. generally accepted accounting principles requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the consolidated financial statements, and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates.

 

CASH AND CASH EQUIVALENTS

 

For purposes of the statement of cash flows, cash equivalents include demand deposits, money market funds, and all highly liquid debt instructions with original maturities of three months or less.

 

FINANCIAL INSTRUMENTS

 

The FASB issued ASC 820-10, Fair Value Measurements and Disclosures, for financial assets and liabilities. ASC 820-10 provides a framework for measuring fair value and requires expanded disclosures regarding fair value measurements. ASC 820-10 defines fair value as the price that would be received for an asset or the exit price that would be paid to transfer a liability in the principal or most advantageous market in an orderly transaction between market participants on the measurement date. ASC 820-10 also establishes a fair value hierarchy which requires an entity to maximize the use of observable inputs, where available. The following summarizes the three levels of inputs required by the standard that the Company uses to measure fair value:

 

-Level 1: Quoted prices in active markets for identical assets or liabilities

 

-Level 2: Observable inputs other than Level 1 prices, such as quoted prices for similar assets or liabilities; quoted prices in markets that are not active, or other inputs that are observable or can be corroborated by observable market data for substantially the full term of the related assets or liabilities.

 

-Level 3: Unobservable inputs that are supported by little or no market activity and that are significant to the fair value of the assets or liabilities.

 

CONCENTRATIONS AND CREDIT RISKS

 

The Company’s financial instruments that are exposed to concentrations and credit risk primarily consist of its cash, sales and accounts receivable.

 

Cash -The Company places its cash and cash equivalents with financial institutions of high credit worthiness. At times, its cash and cash equivalents with a particular financial institution may exceed any applicable government insurance limits. The Company’s management plans to assess the financial strength and credit worthiness of any parties to which it extends funds, and as such, it believes that any associated credit risk exposures are limited.

 

 

 

  F-7  

 

 

FOREIGN CURRENCY TRANSLATION

 

The accounts of the Company are accounted for in accordance with the Statement of Financial Accounting Statements No. 52 (“SFAS 52”), “Foreign Currency Translation”. The financial statements of the Company are translated into US dollars as follows: assets and liabilities at year- end exchange rates; income, expenses and cash flows at average exchange rates; and shareholders’ equity at historical exchange rate.

 

Monetary assets and liabilities, and the related revenue, expense, gain and loss accounts, of the Company are re-measured at year-end exchange rates. Non-monetary assets and liabilities, and the related revenue, expense, gain and loss accounts are re-measured at historical rates. Adjustments which result from the re-measurement of the assets and liabilities of the Company are included in net income.

 

SHARE-BASED COMPENSATION

 

ASC 718, Compensation – Stock Compensation, prescribes accounting and reporting standards for all share-based payment transactions in which employee services are acquired. Transactions include incurring liabilities, or issuing or offering to issue shares, options, and other equity instruments such as employee stock ownership plans and stock appreciation rights. Share-based payments to employees, including grants of employee stock options, are recognized as compensation expense in the financial statements based on their fair values. That expense is recognized in the period of grant.

 

The Company accounts for stock-based compensation issued to non-employees and consultants in accordance with the provisions of ASC 505- 50, Equity – Based Payments to Non-Employees. Measurement of share-based payment transactions with non-employees is based on the fair value of whichever is more reliably measurable: (a) the goods or services received; or (b) the equity instruments issued. The fair value of the share-based payment transaction is determined at the earlier of performance commitment date or performance completion date.

 

There have been no options granted during the quarters ended June 30, 2021 and March 31, 2021 respectively.

 

INCOME TAXES

 

The Company accounts for income taxes under ASC 740, Income Taxes. Under the asset and liability method of ASC 740, deferred tax assets and liabilities are recognized for the future tax consequences attributable to differences between the financial statements carrying amounts of existing assets and liabilities and their respective tax bases. Deferred tax assets and liabilities are measured using enacted tax rates expected to apply to taxable income in the years in which those temporary differences are expected to be recovered or settled. The effect on deferred tax assets and liabilities of a change in tax rates is recognized in income in the period the enactment occurs. A valuation allowance is provided for certain deferred tax assets if it is more likely than not that the Company will not realize tax assets through future operations. Further it is unlikely with the change of control that the Company will have the ability to realize any future tax benefits that may exist.

 

COMMITMENTS AND CONTINGENCIES

 

The Company follows ASC 450-20, Loss Contingencies, to report accounting for contingencies. Liabilities for loss contingencies arising from claims, assessments, litigation, fines and penalties and other sources are recorded when it is probable that a liability has been incurred and the amount of the assessment can be reasonably estimated.

 

 

 

  F-8  

 

 

EARNINGS PER SHARE

 

Net income (loss) per share is calculated in accordance with ASC 260, Earnings Per Share. The weighted-average number of common shares outstanding during each period is used to compute basic earnings or loss per share. Diluted earnings or loss per share is computed using the weighted average number of shares and diluted potential common shares outstanding. Dilutive potential common shares are additional common shares assumed to be exercised.

 

FORGIVENESS OF INDEBTEDNESS

 

The Company follows the guidance of AS 470.10 related to debt forgiveness and extinguishment. Debts of the Company are considered extinguished when the statute of limitations in the applicable jurisdiction expires or when terminated by judicial authority such as the granting of a declaratory judgment. Debts to related parties or shareholders are treated as capital transactions when forgiven or extinguished and credited to additional paid in capital. Debts to non-related parties are treated as other income when forgiven or extinguished.

 

RECENT ACCOUNTING PRONOUNCEMENTS

 

We have reviewed all the recently issued, but not yet effective, accounting pronouncements and we do not believe any of these pronouncements will have a material impact on the Company.

 

On August 2017, the FASB issued ASU No. 2017-12, Derivatives and Hedging (Topic 815), which changes both the designation and measurement guidance for qualifying hedging relationships and the presentation of hedge results, in order to better align an entity’s risk management activities and financial reporting for hedging relationships. The amendments expand and refine hedge accounting for both nonfinancial and financial risk components and align the recognition and presentation of the effects of the hedging instrument and the hedged item in the financial statements. FASB ASU No. 2017-12 is effective for annual reporting periods beginning after December 15, 2018, including interim periods within those annual reporting periods, with early adoption permitted. We are still evaluating the impact that this guidance will have on our financial position or results of operations, and we have not yet determined whether we will early adopt FASB ASU No. 2017-12.

 

On March 2016, the Financial Accounting Standards Board (“FASB”) issued Accounting Standards Update (“ASU”) No. 2016-09, Compensation – Stock Compensation (Topic 718): Improvements to Employee Share-Based Payment Accounting. This guidance changes how companies account for certain aspects of share-based payments to employees. Among other things, under the new guidance, companies will no longer record excess tax benefits and certain tax deficiencies in additional paid-in-capital (“APIC”), but will instead record such items as income tax expense or benefit in the income statement, and APIC pools will be eliminated. Companies will apply this guidance prospectively. Another component of the new guidance allows companies to make an accounting policy election for the impact of forfeitures on the recognition of expense for share-based payment awards, whereby forfeitures can be estimated, as required today, or recognized when they occur. If elected, the change to recognize forfeitures when they occur needs to be adopted using a modified retrospective approach. All of the guidance will be effective for the Company in the fiscal year beginning January 1, 2018. Early adoption is permitted. The Company is currently evaluating the impact of this guidance, if any, on its financial statements and related disclosures.

 

 

 

 

  F-9  

 

 

 

NOTE 2 -SIGNIFICANT ACCOUNTING POLICIES (continued)

 

RECENT ACCOUNTING PRONOUNCEMENTS (continued)

 

On February 2016, the FASB issued ASU No. 2016-02, Leases (Topic 842), which establishes new accounting and disclosure requirements for leases. FASB ASU No. 2016-02 requires lessees to classify most leases as either finance or operating leases and to initially recognize a lease liability and right-of-use asset. Entities may elect to account for certain short-term leases (with a term of 12 months or less) using a method similar to the current operating lease model. The statements of operations will include, for finance leases, separate recognition of interest on the lease liability and amortization of the right-of-use asset and for operating leases, a single lease cost, calculated so that the cost of the lease is allocated over the lease term on a straight-line basis. While we are in the early stages of our implementation process for FASB ASU No. 2016- 02, and have not yet determined its impact on our financial position or results of operations, these leases would potentially be required to be presented on the balance sheet in accordance with the requirements of FASB ASU No. 2016-02. FASB ASU No. 2016-02 is effective for annual reporting periods beginning after December 15, 2018, including interim periods within those annual reporting periods, with early adoption permitted. FASB ASU No. 2016-02 must be applied using a modified retrospective approach, which requires recognition and measurement of leases at the beginning of the earliest period presented, with certain practical expedients available

.

On July 2015, the FASB issued ASU No. 2015-11, Inventory (Topic 330): Simplifying the Measurement of Inventory. The guidance requires an entity to measure inventory at the lower of cost or net realizable value, which is the estimated selling prices in the ordinary course of business, less reasonably predictable costs of completion, disposal, and transportation, rather than the lower of cost or market in the previous guidance. This amendment applies to inventory that is measured using first-in, first-out (FIFO). This amendment is effective for public entities for fiscal years beginning after December 15, 2016, including interim periods within those years. A reporting entity should apply the amendments prospectively with earlier application permitted as of the beginning of an interim or annual reporting period. The Company is currently evaluating the impact of this guidance, if any, on its financial statements and related disclosures.

 

On May 2014, the FASB issued ASU No. 2014-09, Revenue from Contracts with Customers (“ASU 2014-09”), which requires an entity to recognize the amount of revenue to which it expects to be entitled for the transfer of promised goods or services to customers. ASU 2014-09 will replace most existing revenue recognition guidance in U.S. generally accepted accounting principles when it becomes effective. In July 2015, the FASB deferred the effective date of the standard by an additional year; however, it provided companies the option to adopt one year earlier, commensurate with the original effective date. Accordingly, the standard will be effective for the Company in the fiscal year beginning January 1, 2018, with an option to adopt the standard for the fiscal year beginning January 1, 2017. The Company is currently evaluating this standard and has not yet selected a transition method or the effective date on which it plans to adopt the standard, nor has it determined the effect of the standard on its financial statements and related disclosures.

 

NOTE 3 -INCOME TAXES

 

Income taxes are provided based upon the liability method. Under this approach, deferred income taxes are recorded to reflect the tax consequences in future years of differences between the tax basis of assets and liabilities and their financial reporting amounts at each year-end. A valuation allowance is recorded against deferred tax assets if management does not believe the Company has met the “more likely than not” standard imposed by accounting standards to allow recognition of such an asset.

 

Deferred tax assets/liabilities as of June 30, 2021 were $0

 

The Company experienced a change in control during the year, and therefore no more than an insignificant portion of this net operating allowance will ever be used against future taxable income.

 

 

 

  F-10  

 

 

NOTE 4 – NOTES PAYABLE – RELATED PARTIES

 

The following notes payable were from related parties:

 

 

NOTE 5 – CONVERTIBLE NOTES PAYABLE

 

There were no convertible notes payable during the period:

 

NOTE 6 -COMMITMENTS AND CONTINGENCIES

 

Risks and Uncertainties

 

The Company’s operations are subject to significant risks and uncertainties including financial, operational and regulatory risks, including the potential risk of business failure.

 

The Company has entered no contracts during the year as follows:

 

Legal and other matters

 

In the normal course of business, the Company may become a party to litigation matters involving claims against the Company. The Company's management is unaware of any pending or threatened assertions and there are no current matters that would have a material effect on the Company’s financial position or results of operations.

 

NOTE 7 -SUBSEQUENT EVENTS

 

Management has evaluated subsequent events through the date of filing the consolidated financial statements with OTC Markets, the date the consolidated financial statements were available to be issued. Management is not aware of any significant events that occurred after the balance sheet date that would have a material effect on the consolidated financial statements thereby requiring adjustment or disclosure, other than those noted below:

 

 

 

 

 

 

 

 

 

 

 

  F-11  

 

Exhibit 2.2

DEANHELLER S C(Ctary of S!&!P ?02 Nortn Carsor Sheel Carwr c,:y, Nev1fm'I 1!?70142()1 '77Si 6&1 !:: 100 - 0, - f,!i,W, C, ,J 1q'7 · 00 JI \ 2 9 ZO[iJ Certificate of Amendment (PlJR$UAJ \ T 7U NRS 76.385 7B 300 ) ,Certificate of Amendment to of ln_corporat!M For Nevada Profit Cgrporall.Qns (!'ursuant to NRS 78,38& and 78.390 After issuance: of Stock) Remit in Duplicate • MlC1<!J - fC0:40MlC$, L \ 'C. 1. Na'Yle of corporation_ 2. The articles hf.we beeri arnendod as foUows {provide 8rt1c/e numbers, if available): ARTICLE Y . \ LTHORlZED SHA.R[5 That augi:egau ndlrrl:>er ;'.)f - .h - il:l;B ,_,_,h;rn tllt Cm - wr,,1iot1 $.il1 ba \ t c!1t auL \ irit - 11.01wuc it 50.000))00, havmg lt p:irvalucuf .S0.001 ( ! rn!li) rn ,hare. The tot,i; 1.Jr,,1s!u..Jtion of6.t Corpor.ct'.o;:i hall b<' S50.0Q(l 3. 1'he vo1P by v;hi::h the s \ ockhOtcters holding share$ in tho cor;x:,ration entitling them lo e)(ercise at li!a!c \ t a majority z.. -- f the W) ing powet. or such greater proportion of the \ IO(ing power as mny be required in tile case of a vole oy classes or series. or as may be required by th0 provisions of '.he orticle$ of lf"lf"..orpomtionheve voted in favor of 1/le amendr:,ent is: 960,40!.I .,. !f any prnposod aMendmorrt w - ou10 alter or Cf1a ge - aily preference or any re1atl11A or - other tight givef' :o any G!ii!SS or series of c•utstaridi,g st.ares. thon the anendment mustbe ai:;pfU \ tect by thee vote. in ad'.: \ l1on to the a"firr1ative s,,·ore ot:hervwse required. of the holders of shares representing a majority of the voting pow r of e - nch crass or series affected by the amendment regan:!h<,ss of !imitations or 1e,s.:ric1Jors on the - vcting p;,wa - r thereof. IMPORTANT. Failure to include any :::,f the above i:1formation .inJ remit 1he proper fees rtl<i!Y cal.lse tt>s filing to be rejected. 5

 

 

Exhibit 2.3

Exhibit 2.4

 

Filed in the Office of Secretary of State State Of Nevada Business Number C2197 - 1990 Filing Number 20120726336 - 02 Filed On 10/25/2012 Number of Pages 3

 
 

A. PREFERRED STOCK The Preferred Stock may be issued from time to time by the Board of Directors as shares of one or more series . The description of shares of Preferred Stock, including any preferences, conversion and other rights, voting powers, restrictions, limitations as to dividends, qualifications, and terms and conditions of redemption shall be as set forth in resolutions adopted by the Board of Directors, and Articles of Amendment shall be filed as required by law with respect to issuance of such Preferred Stock, prior to the issuance of any shares of Preferred Stock . The Board of Directors is expressly authorized, at any time, by adopting resolutions providing for the issuance of, dividing of such shares into series or providing for a change in the number of, shares of any Preferred Stock and, if and to the extent from time to time required by law, by filing Articles of Amendment which are effective without Shareholder action to increase or decrease the number of shares included in the Preferred Stock, but not below the number of shares then issued, and to set or change in any one or more respects the designations, preferences, conversion or other rights, voting powers, restrictions, limitations as to dividends, qualifications, or terms and conditions of redemption relating to the shares of Preferred Stock . Notwithstanding the foregoing, the Board of Directors shall not be authorized to change the rights of holders of the Common Stock of the Corporation to vote one vote per share on all matters submitted for shareholder action . The authority of the Board of Directors with respect to the Preferred Stock shall include, but not be limited to, setting or changing the following : 1. the annual dividend rate, if any, on shares of Preferred Stock, the times of payment and the date from which dividends shall be accumulated, if dividends are to be cumulative ; 2. whether the shares of Preferred Stock shall be redeemable and, if so, the redemption price and the terms and conditions of such redemption ; 3. the obligation, if any, of the Corporation to redeem shares of Preferred Stock pursuant to a sinking fund ; 4. whether shares of Preferred Stock shall be convertible into, or exchangeable for, shares of stock of any other class or classes and, if so, the terms and conditions of such conversion or exchange, including the price or prices or the rate or rates of conversion or exchange and the terms of adjustment, if any ; 5. whether the shares of Preferred Stock shall have voting rights, in addition to the voting rights provided by law, and, if so, the extent of such voting rights ; 6. the rights of the shares of Preferred Stock in the event of voluntary or involuntary liquidation, dissolution or winding - up of the Corporation ; and 7. any other relative rights, powers, preferences, qualifications, limitations or re strictions thereof relatino to the Preferred Stock .

 
 

The shares of Preferred Stock of any one series shall be identical with each other in all respects except as to the dates from and after which dividends thereon shall cumulate, if cumulative . B. COMMON STOCK Subject to all of the rights of the Preferred Stock as expressly provide herein, by law or by the Board of Directors pursuant to this Article I, the Common Stock of the Corporation shall possess all such rights and privileges as are afforded to capital stock by applicable law in the absence of any express grant of rights or privileges in the Corporation's Articles of Incorporation, including, but not limited to, the following rights and privileges : 1. dividends may be declared and paid or set apart for payment upon the Common Stock out of any assets or funds of the Corporation legally available for the payment of dividends ; 2. the holders of Common Stock shall have the unlimited right to vote for the election of directors and on all other matters requiring stockholder action, each share being entitled to one vote ; and 3. upon the voluntary or involuntary liquidation, dissolution or winding - up of the Corporation the net assets of the Corporation available for distribution shall be distributed pro rata to the holders of the Common Stock in accordance with their respective rights and interests . 3 . The vote by which the stockholders holding shares in the corporation entitling them to exercise a least a majority of the voting power, or such greater proportion of the voting power as may be required in the case of a vote by classes or series, or as may be required by the provisions of the articles of incorporation* have voted in favor of the amendment is : I 3,945,821 out of a total of 6,250,842 issued and outstanding Common Stock. 4. Officer Signature (Required): Jerry Gruenbaum President & Chairman of the Board

 

Exhibit 2.5

Exhibit 2.6

Filed in the Office of Secretary of State State Of Nevada Business Number C2197 - 1990 Filing Number 20211197374 Filed On 1/28/2021 12:32:00 PM Number of Pages 10

 
 

U.&..1..1.1 / L. U / L,.U L.. J. / .LUI.I l l, .,J..J l U T .&. From : unknow n Page : 5/13 Date: 1/28/202112 : 32 : 28 PM ,I, I UU..J BARBARA K. CEGAVSKE Secretary of State 20 2 Nort h Carso n Street Carson City, Nevada 89701 - 4201 (775) 684 - 5708 Website: www.nvsos . gov 4 T 5 C c 6 ( S This fax was received by GFI FaxMaker fax serve r. For more information , visit: http://www . gfi . com Profit Corporation: Certificate of Amendment (PURsuANTTo NRs 18 . 380 & 78.385/78.390) Certificate to Accompany Restated Articles or Amended and Restated Articles (PURSUANT rn NRs ra . 4o3) Officer•s Statement PuRsuANTTO NRs so.030 . Effective Date and ime; (Optional) Date : I . ] Time : - 1 --- ----- ' (must not be later than 90 days after the certificate is filed) . Information Being hanged: (Domestic orporations only) Changes to takes the following effect: O The entity name has been amended. D The registered agent has been changed. (attach Certificate of Acceptance from new registered agent) O The purpose of the entity has been amended. The author i zed shares have been amended. D The directors, managers or general partners have been amended. D IRS tax language has been added. 0 Articles have been added . D Articles have been deleted. Ƒ Other. The articles have been amended as follows : (provide article numbers , if available) J Artic l e IV I ( attac h additiona l page (s) i f necessarY ) . Signature: Requ i red) 8 · · a President X - S - ig_n_a_t - r0" - 'fefi - ., - _ceor_fo_r_A_u - ""'z.._e_d_S_ig_n_e - _r Title x _ Signature of Officer or Authorized Signer Title • 1t any proposed amendment would alter or change any preference or any relative or other right given to any class ot series of outstanding shares, then the amendme ' nt must be approved by the vote, in addition to the affirmative vote otherwise required, of the holders of shares representing a majority of the voting power of each class or series affected by the amendment regardless to limitations or restrictions on the voting power thereof. Please include any required or optional information in space below: (attach additional page(s) if necessary) hares have been increased by 15 designated for conversion, voting rights, etc This form must be accompanied by appropriate fees . Page2of2 Rev i se d : 1/1/2019

 
 

From : unknown This fax was received by GFI FaxMaker fax serve r. For more information , visit: http://www . gfi . com Page: 6/13 Date : 1/28/202 1 12 : 32 : 2 8 PM J . ' uvu AMENDED AND RESTATED ARTICLES OF INCORPORATION OF XL RENT, INC. ARTICLE I Th e name of th e corporation shal l be X L RENT , TNC . ( th e 1 ' C 01vor ati on") . ARTICLE II The period of its duration shall be perpetual. ARTICLE Ill The Corporation is organized purpose of conducting any lawful business for which a corporation may be organized under the laws of the State of Nevada . Al{TlCLE IV The aggregate numbe r of shares that the Corporation will have authority Lo issue is Two Hundred Ten Million and - Fifteen shaies (210,000,015), of which Two Hundred Million (200,000,000) sha r es will be Common Stock , with a par value of $0.00 I per share, and Ten Million and Fifteen (10,000,015) sha r es will be preferred stock, with a par value of $0.001 per share. Shares of any class of stock may be issued, without shareholder action, from time to time in one or more series as may from time to time be determined by the board of directors . The board of directors of this Corporation is hereby expressly granted authority, without shareholder action, and within the limits set forth in the Colorado Revised Statutes, to: ( i ) (ii) designate i n whol e or i n part, th e powers, preferences, limitations 1 an d relative rights, of any class of shares before the issuance of any shares of that class; create one or more series within a class of shares, fix the number of shares of each such series, and designate, in whole or part. the power s , preferences , limitations, and relative rights of the series, all before the issuance of any shares of that series; (iii) alter or revoke the powers, preferences, limitations , and relative rights granted to or imposed upon any wholly unissu e d class of shares or any wholly unissued series of any class of shares; (iv) increase or decrease the number of shares constituting any series, the number of shares of which was originally fixed by the board of directors, either before or after the issuance of shares of the series ; provided that, the number may not be decreased below the number of shares of the series then out s tanding, or increased above the total number of authorized shares of the applicable class of shares available for designation as a part of the series ; (v) determine the dividend rate on the shares of any class of shares or series of shares , whether dividends will be cumulative, and if so, from wh i ch date(s), and the relative rights of priority, i f an y i of payment of dividends on share s of tha t clas s of share s or serie s of shares;

 
 

Fro m : unknown This fax was received by GFI FaxMaker fax serve r. For more information , visit: http://www . gfi . com Page : 7/13 u,1, .a.11 L..V / L., V L.. J. / ,1, U I.I J. l • ..,J J. JU T .I. Date: 1/28/202112 : 32 : 28 PM ,1, ,1, ,1, H .&. 1 V , .L I UV I (vi) determine whether that class of sh"res or series of slrnres will have voting rights, in addition to the voting rights provided by law, and, if so, the terms of such voting rights; (vii) determine whether that class of shares or series of shares will have conversion privileges and, if so, the tenns and conditions of such conversion, including provision for adjustment of the conversion rate in such events as the board of directors determines; (viii) determine whether or not the shares of that c1ass of shares or series of shares will be redeemable and, if so, the terms and conditions of such redemption, including the date or date upon or after which they are redeemable, and the amount per share payable in case of redemption, which amount may vary under different conditions and at different redemption dates; (ix) determine whetber that class of shares or series of shares will have a sinking fund for the redemption ot purchase of shares of that class of shares or series of sha.res and, if so, the terms and amount of such sinking fund; (x) determine the rights of the shares of that class of shares or series ' ofshares in the event of voluntary or involuntary liqtijdation, dissolution or winding up of the : Corporation, and the relative rights of priority, if any, of payment of shares of that class of shares or series of shares; and (xi) determine any other relative rights, pteferences and limitations of that class of shares or series of shares. The allocation between the classes, or among the series of each class, of unlimited voting rights and the right to receive the net assets of the Corporation upon dissolution, shall be as designated by the boa.rd of directors , All rights accruing to the outstanding shares of the Corporation not expressly provided for to the contrary herein or in the Corporation's bylaws or in any amendment hereto shall be vested in the common stock. Accordingly, unless and until otherwise designated by the board of directors of the Corporation. and subject to any superior rights as so designated, the Common Stock shall have unlimited voting rights and be entitled to receive the net assets of the Corporation upon dissolution, ARTICLEV Provisions for the regulation ofthe internal affairs of the Corporation will be contained in its Bylaws as adopted by the Board of Directors . The number of Directors of the Corporation shall be fixed by its Bylaws. ARTICLE VI The Corporation shall indemnify any person against expenses, including without limitation, attomeys' fees, ji1dgments, fines and amounts paid in settlement, c1ctt,tally and reasonably incurred by reason of the fact that he or she is or was a director or officer of the Corporation, 01" is or was serving at the request of the Corporation as a director or officer of another corporation, pa1tnership, joint venture, trust or other enterprise , in all circnmstances in which, and to the

 
 

u 1..1.1 1 L, V I 1.., V L, .I. I .1. .1..1. 1.1 J. .L , ..J .1. J uu This fax wa s rece iv ed by GF I FaxMaker fax server . For more information , vi sit: http : //www . gfi . com F rom: unknown Page : 8/13 Date : 1/28/2021 12 : 32 : 28 PM ,1. ll. H ,1.1 v , •• vvv extent that, such indemnification is permjtted and pi:ovided for by the laws of the State of Colorado then in effect, ARTICLE VII To the fullest extent permitted by the Colorado General Corporation Law as the same exists or 111ay hereaftel' be amended, an officer or director of the Corporation shall not be personally liable to the Corporation or its stockholders for monetary damages. Effective date: January 21st, 2021 By: Benjamin Berry - Court Appointed Custodian

 
 

u , 1 . , 1. , 1 t. , V / t. , V L . J . J .I . .u ,.., J . J. , .. J J . .& . u u Th i s fa x was received by GFI FaxMaker fa x server . For more info r mat i on , vis i t: http : //www . gfi . com Fro m : unknown Page : 9/13 Date : 1/28/202 1 12 : 32 : 28 PM ,I, ' uvv CERTIFICATE OF DESIGNATION of SPECIAL 2021 SERIES A PREFERRED STOCK of X L RENT , INC./ E ME D FUTURE , INC. (Pursuant to NRS 78.1955) XL RENT, INC./ E MED FUTURE, INC., a Nevada corporation (hereinafter called the "Corporation'), hereby certifies that the following re.solution was adopted by Synergy Managemen t Group ) LLC . ( the "Custodian' ) 1 the cou1 t appointed custodia n of th e Corporation pursuant to the Order Granting Application for Appointment of Synergy Management Group, LLC. as Custodian of XL RENT, INC. / E MED FUTURE, INC., granted in the District Court, Clark County Nevada, case no A - 20 - 825683 C on January 13th, 2021 (the "Order"). RESOLVED , that pu r su a nt t o th e authorit y granted t o and vested in th e Custodian in accordance with the pro v isions of the certificate of incorporation of the Corporation, as currently in effect, and the Order , the Custodian hereby fixes the relative rights, preferences , and limitations of the Corporation's Special 2021 Sedes A Preferred Stock as follows: Special 2021 Series A Preferred Stock Section 1. Designation and Amount. Th . e designation of this class of capital stock shall be ' 4 Spe c i al 2021 Serie s A Preferred" , par value $.001 per shar e (th e "202 1 Series A Prefen · ed Stoel< ' ) . The number of authorized sharc::s of 2021 Series A Prefei:red Stock is fifteen (15) shares. Section 2. Voting Rights. fa:cept as otherwise required. by law, the holder of the sha r e of20 2 1 Series A Preferred Stock shall have the following rights: (a) Number of Votes; Voting with Cornmog Stock . Except as provided by Nevada statutes or Section 2(b) below), the holder of the 2021 Series A Preferred Stock shall vote together with the holders of prefe1Ted stock (including on an as converted basis), par value $0 . 001 > an d commo n s to c k 1 par value $0 . 00 1 per share , of th e Corporation ( th e "Common Stock ', ) as a single class. The 2021 Series A Preferred Stock stockholder is entitled to 60% of all v otes (includ i ng i but not limited to, common stock, and preferred stock (including on an as converted basis)) entitled to vote at each meeting of stockholders of the Corporation (and \ Witten actions of stockholders in lieu of meetings) with respect to any and all matters presented to the stockholders of the Corporation for their action or consideration . The 2021 Series A Preferred Stock shall not be divided into fractional shares. (b) Adverse Effects. The Corporation shall not amend , alter or repeal the preferences, rights, powers or other terms of the 2021 Series A Preferred Stock so as to affect 1

 
 

From: unknown Th i s fa x was received by GFI FaxMaker fa x server . For more info r mat i on , vis i t: http : //www . gfi . com 'JlUl f L.. U / 1... U L.. J. / .._..._ ._, .tJ.•..J.l l U T.I , Page: 10/13 Date : 1/28/2021 12:32:28 PM adversely the 2021 Series A Preferred Stock or the holder thereof without the written consent or affirmative vote of the holder of the 2021 Series A Preferred Stock given in writing or by vote at a meeting, consenting or voting (as the case may be) separately as a class. Section 3. Conversion in ro common shares. The share of 2021 Series A Prefen·ed Stock shall conve1t into common shares at a conversion rate of I prefen - ed to 10,000,000 common shares. The holder of the 2021 Series A Preferred Stock can affect the conversion at any time. The con v ersion in to common is a right and conversiou is not required. Sect i on 4. Dividends , Liquidation. TI1c share of 2021 Series A Preferred Stock shall not be entitled to any dividends in respect thereof, and shall not participate in any proceeds available to the Corpora t ion's shareholders upon the liquidation, dissolution or winding up of the Corporation. Section 5. No Impccirment. The Corporation shall not intentionally take any action which would impair the rights aod privileges of the 2021 Series A Preferred Stock set folth herein or the rights of the holder thereof . The Corporation will not , by am.endment of its certificate of incorporation or through any reorganization, transfer of assets, consolidation, merger, dissolution, issue or sale of securities or any other volunta r y action, avoid or seek to avoid the obse r vance o r performance of any of the terms to be observed or performed hereunder by the Corporation, but will at all times in good faith assist in the carrying out of all the provisions herein and in the ta.king of all such action as may be necessary or appropriate in order to protect the rights of the holder Qf the 2021 Series A Preferred Stock against impainnent . Section 6. Replacement Certificate . In the event that the holder of the 2021 Series A Preferred Stock notifies the Corporation that the stock certificate ev i dencing the share of2021 Series A Prefe1Ted Stock has been los t , stolen, destroyed o r mutilated, the Corporation shall issue a replacement stock certificate e v idencing the 2021 Series A Prefened Stock identical in tenor and date to the original stock certificate evidencing the 2021 Series A Preferred Stock, provided that the holder executes and delivers to the Corporation an affidavit oflost stock certificate and an agreement reasonably satisfactory to the Corporation to indemnify the Corporation fro m any loss incurred by it in connection with such 2021 Series A Preferred Stock certificate. IN WITNESS WHEREOF , the Corporation has caused this Certificate of Designation to be duly executed by an officer thereunto duly au t horized this 21st day of August , 2021. X L RE N T , INC. / E ME D FUTURE , INC. By: Synergy Management Group, LLC . , it s Custodian By: Name : Benjami n Beny Its: President 2

 
 

u, 1 ' - , V/ L. V ' - , J./ .I. U>J J. J. • ..J ..J U T.I. Th i s fa x was received by GFI FaxMaker fa x server . For more info r mat i on , vis i t: http : //www . gfi . com From : unknown Page: 11/13 Date : 1/28/202112 : 32 : 29 PM .I. 1 H 1 V , .a. ' VJ. J. X L RENT , INC . I E ME D FUTURE , INC. RESOLUTION OF SYNERGY MANAGEMENT GROUP, LLC. AS COURT APPOINTED CUSTODIAN The undersigned, being the Co 1 . 1 rt - appointed custodian of XL RENT, INC . IE MED FUTURE, INC . , a Nevada corporation (the 11 Corporation 11 ), acting in accordance with Section 78 . 347 of the Nevada Revised Statutes, hereby consents to the adoption of the following resolutions : Certificate of Amendment Dated : January 21 , 2021 WHEREAS, in accordance with the Section 78 . 347 of the Nevada Revised Stan 1 tes, Synergy Management Group, LLC . a Nevada limited liability company, was appointed Custodian of the Corporation pursuant to an Order of District Court of Clark County, Nevada , case uo . A - 20 - 825683 - C on January 13 th 1 2021 ( th e "Order" )( the t'Custodian'')(See Exhibit A) ; WHEREAS , pursuant to Section 78 . 347 of the Nevada Revised Statutes Order, the Custodian is authorized to take any actions on behalf of the Corporation that are reasonable, prudent, or for the benefit of the Corporation . WHEREAS, the Custodian deems it to be in the best interest of the Corporation and its stockholders to adopt the following resoh 1 tions ; Pursuant to the Nevada Statutes (the • statutes'') , the Articles of Incorporation of XL RENT, INC. IE MED FUTURE, INC. (the "Corporation ; ) , are amended as follows: The undersigned President and Secretary of the Corporation, does hereby certify: WHEREAS, On January 21 , at a special meeting of the Board of Directors, the Board of Directors of the Company ; unanimously consented to the following resolutions ; WHEREAS, that the following amendments to the Articles of Incorporation were duly adopted. NOW, THEREFORE: RESOLVED, that the appropriate article shall be a . mended to allow the creation of a new class of preferred shares . The new class sha . 11 be called the Special 2021 Series A Prefen : ed Shares . RESOLVED, that the Special 2021 Series A Preferred Shares shall have the following designation: 3

 
 

U ,/ L.. V / L.. V L.. .I. I U V J. J. , ..J..J l U l .l Th i s fa x was received by GFI FaxMaker fa x server . For more info r mat i on , vis i t: http : //www . gfi . com From: unknown Page : 12/13 Date : 1/28/202112:32:29 PM l1J \ 1, V 1 Section 1. Designalion cmd Amount. The designation of this class of capital stock shall be "Special 2021 Series A Preferred", par value $.001 per share (the "2021 Series_A Preferred Stock''). The number of authorized shares of 2021 Series A Prefen·ed Stock ts fifteen (15) share. Sectio n 2. Votin g Rights . Excep t as otherwise required by la w 1 th e holder of the share of 2021 Series A Preferred Stock shall have the following rights: (a) Number of Votes; Voting with Common Stock . Except as provided by Nevada statutes or Section 2(b) below), the holder ofthe 2021 Series A Preferred Stock shall vote together with the holders of prefetTed stock (including on an as converted basis), par value $0.001, and common stock, par value $0.001 per share> of the Col'poration (the •common Stock'') as a single class . The 2021 Series A Prefened Stock stockholder is entitled to 60% of all votes (including, but not limited to, common stock, and preferred stock (including on an as converted basis)) entitled to vote at each meeting of stockholders of the Corporation (and written actions of stockholders in lieu of meetings) with respect to any and all matters presented to the stockholders of the Corporation for their action or consideration. The 2021 Series A Preferred Stock shall not be divided ioto fractional shares. (b) Adverse Effects. The Corporation shall not amend, alter or repeal the preferences, rights, powers or other terms of the 2021 Series A Preferred Stock so as to affect adversely the 2021 Series A Preferred Stock or the holder thereof without the written consent or a:ffi.r.mative vote of the holder of the 2021 Series A Preferred Stock given in writing or by vote at a meeting, consenting or voting (as the case may be) separately as a class. Section 3. Conversion in to common shares . The share of 2021 Series A Preferred Stock shall convert into common shares at a conversion rate of l preferred to 10 000,000 common shares. The holder of the 2021 Series A Preferred Stock can affect the conversion at any time. The conversion in to common is a right and conversion is not required. Sectio n 4. Dividends, Liquidation. Th e shar e of 202 I Serie s A Pl'eferre d Stoc k shall not be entitled to any dividends in respect thereof, and shall not participate in any proceeds available to the Corporation's shareholders upon the liquidation, dissolution or winding up of the Corporation. Section 5. No Impairment_ The Corporation shall not intentionally take any action which would impair the rights and privileges of the 2021 Series A Preferred Stock set forth herein or the rights of the holder thereof, The Corporation will not, by amendment of its certificate of incorporation or through any reorganization, transfer of assets, consolidation, merger, dissolution, issue or sale of securities or any other voluntary action, avoid or seek to avoi d th e observance or performance of an y of th e term s t o be observeaorperformed hereunder by the Corporation, but will at all times in good faith assist in the carrying out of all the provisions herein and in the taking of all such action as may be necessary or appropriate in order to protect the rights of the holder of the 2021 Series A Prefened Stock against impairment. Section 6 . Replacement Certificate. In the event that the holder of the 2021 Series A Preferred Stock notifies the Corporation that the stock certificate evidencing the share of 2021 4

 
 

From: unknown Th i s fa x was received by GFI FaxMaker fa x server . For more info r mat i on , vis i t: http : //www . gfi . com UJ. 1 / /...V / L. V l..,J, / .I.U V J, J, 1 ._J..J .OU U , Page : 13/13 Date: 1/28/2021 12 : 32 : 29 PM ,1. i.&.H ,1.1 V , Series A Prefened Stock has been lost, stolen, destroyed or mutilated, the Corporation shall issue a replacement stock certificate evidencing the 2021 Series A Preferred Stock identical in tenor and date to the original stock certificate evidencing the 2021 Series A Preferred Stock, provided that the holder executes and delivers to the Coi:poration an affidavit of lost stock certificate and an agreement reasonably satisfactory to the Corporation to indemnify the Corporation from any loss incurred by it in connection with such 2021 Series A Preferred Stock certificate. Consent WHEREFORE , this Consent shall have the same force and effect as a majority vote cast at a meeting of the shareholders duly called, noticed, convened and held in accordance with the law, the Articles oflncorporation, and the Bylaws of the Corporation . Effective date; January 21, 2021 SYNERGY MANAGEMENT GROUP, LLC. a Nevada limited liability company A s Court - Appointe d Custodia n for X L RENT , INC./ E ME D FUTURE , I NC . , Nevada corporation By: Benjamin Berry Its: Managing Metnber Signed before me thi s V day of \ Q(), 2021 1===1 5

 

Exhibit 2.7

 

CERTIFICATE OF DESIGNATION
of
SPECIAL 2021 SERIES A PREFERRED STOCK
of
XL RENT, INC. / E MED FUTURE, INC.
(Pursuant to NRS 78.1955)

 

XL RENT, INC. / E MED FUTURE, INC., a Nevada corporation (hereinafter called the "Corporation'), hereby certifies that the following resolution was adopted by Synergy Management Group, LLC. (the "Custodian"), the court appointed custodian of the Corporation pursuant to the Order Granting Application for Appointment of Synergy Management Group, LLC. as Custodian of XL RENT, INC. / E MED FUTURE, INC., granted in the District Court, Clark County Nevada, case no A-20-825683-C on January 13th, 2021 (the "Order").

 

RESOLVED, that pursuant to the authority granted to and vested in the Custodian in accordance with the provisions of the certificate of incorporation of the Corporation, as currently in effect, and the Order, the Custodian hereby fixes the relative rights, preferences, and limitations of the Corporation's Special 2021 Series A Preferred Stock as follows:

 

Special 2021 Series A Preferred Stock

 

Section 1. Designation and Amount. The designation of this class of capital stock shall be "Special 2021 Series A Preferred", par value $.001 per share (the "2021 Series A Preferred Stock"). The number of authorized shares of 2021 Series A Preferred Stock is fifteen (15) shares.

 

Section 2. Voting Rights. Except as otherwise required by law, the holder of the share of 2021 Series A Preferred Stock shall have the following rights:

 

(a) Number of Votes; Voting with Common Stock. Except as provided by Nevada statutes or Section 2(b) below), the holder of the 2021 Series A Preferred Stock shall vote together with the holders of preferred stock (including on an as converted basis), par value $0.001, and common stock, par value $0.001 per share, of the Corporation (the "Common Stock") as a single class. The 2021 Series A Preferred Stock stockholder is entitled to 60% of all votes (including, but not limited to, common stock, and preferred stock (including on an as converted basis)) entitled to vote at each meeting of stockholders of the Corporation (and written actions of stockholders in lieu of meetings) with respect to any and all matters presented to the stockholders of the Corporation for their action or consideration. The 2021 Series A Preferred Stock shall not be divided into fractional shares.

 

(b) Adverse Effects. The Corporation shall not amend, alter or repeal the preferences, rights, powers or other terms of the 2021 Series A Preferred Stock so as to affect adversely the 2021 Series A Preferred Stock or the holder thereof without the written consent or affirmative vote of the holder of the 2021 Series A Preferred Stock given in writing or by vote at a meeting, consenting or voting (as the case may be) separately as a class.

 

Section 3. Conversion in to common shares. The share of 2021 Series A Preferred Stock shall convert into common shares at a conversion rate of 1 preferred to 10,000,000 common shares. The holder of the 2021 Series A Preferred Stock can affect the conversion at any time. The conversion in to common is a right and conversion is not required.

 

Section 4. Dividends, Liquidation. The share of 2021 Series A Preferred Stock shall not be entitled to any dividends in respect thereof, and shall not participate in any proceeds available to the Corporation's shareholders upon the liquidation, dissolution or winding up of the Corporation.

 

Section 5. No Impairment. The Corporation shall not intentionally take any action which would impair the rights and privileges of the 2021 Series A Preferred Stock set forth herein or the rights of the holder thereof. The Corporation will not, by amendment of its certificate of incorporation or through any reorganization, transfer of assets, consolidation, merger, dissolution, issue or sale of securities or any other voluntary action, avoid or seek to avoid the observance or performance of any of the terms to be observed or performed hereunder by the Corporation, but will at all times in good faith assist in the carrying out of all the provisions herein and in the taking of all such action as may be necessary or appropriate in order to protect the rights of the holder of the 2021 Series A Preferred Stock against impairment.

 

Section 6. Replacement Certificate. In the event that the holder of the 2021 Series A Preferred Stock notifies the Corporation that the stock certificate evidencing the share of 2021 Series A Preferred Stock has been lost, stolen, destroyed or mutilated, the Corporation shall issue a replacement stock certificate evidencing the 2021 Series A Preferred Stock identical in tenor and date to the original stock certificate evidencing the 2021 Series A Preferred Stock, provided that the holder executes and delivers to the Corporation an affidavit of lost stock certificate and an agreement reasonably satisfactory to the Corporation to indemnify the Corporation from any loss incurred by it in connection with such 2021 Series A Preferred Stock certificate.

 

IN WITNESS WHEREOF, the Corporation has caused this Certificate of Designation to be duly executed by an officer thereunto duly authorized this 21st day of August, 2021.

 

  XL RENT, INC. / E MED FUTURE,INC.
  By: Synergy Management Group, LLC., its Custodian
   
  By: /s/ Benjamin Berry
  Name: Benjamin Berry
  Its: President

 

 

 

  1  

 

 

XL RENT, INC. / E MED FUTURE, INC.

 

RESOLUTION OF SYNERGY MANAGEMENT GROUP, LLC. AS COURT
APPOINTED CUSTODIAN

 

The undersigned, being the Court-appointed custodian of XL RENT, INC. / E MED FUTURE, INC., a Nevada corporation (the "Corporation"), acting in accordance with Section 78.347 of the Nevada Revised Statutes, hereby consents to the adoption of the following resolutions:

 

Certificate of Amendment

 

Dated: January 21, 2021

 

WHEREAS, in accordance with the Section 78.347 of the Nevada Revised Statutes, Synergy Management Group, LLC. a Nevada limited liability company, was appointed Custodian of the Corporation pursuant to an Order of District Court of Clark County, Nevada, case no. A-20-825683-C on January 13th, 2021 (the "Order")(the "Custodian")(See Exhibit A);

 

WHEREAS, pursuant to Section 78.347 of the Nevada Revised Statutes Order, the Custodian is authorized to take any actions on behalf of the Corporation that are reasonable, prudent, or for the benefit of the Corporation.

 

WHEREAS, the Custodian deems it to be in the best interest of the Corporation and its stockholders to adopt the following resolutions;

 

Pursuant to the Nevada Statutes (the "Statutes"), the Articles of Incorporation of XL RENT, INC. / E MED FUTURE, INC. (the "Corporation"), are amended as follows

 

The undersigned President and Secretary of the Corporation, does hereby certify:

 

WHEREAS, On January 21, at a special meeting of the Board of Directors, the Board of Directors of the Company, unanimously consented to the following resolutions;

 

WHEREAS, that the following amendments to the Articles of Incorporation were duly adopted.

 

NOW, THEREFORE:

 

RESOLVED, that the appropriate article shall be amended to allow the creation of a new class of preferred shares. The new class shall be called the Special 2021 Series A Preferred Shares.

 

RESOLVED, that the Special 2021 Series A Preferred Shares shall have the following designation:

 

Section 1. Designation and Amount. The designation of this class of capital stock shall be "Special 2021 Series A Preferred", par value $.001 per share (the "2021 Series A Preferred Stock"). The number of authorized shares of 2021 Series A Preferred Stock is fifteen (15) share.

 

Section 2. Voting Rights. Except as otherwise required by law, the holder of the share of 2021 Series A Preferred Stock shall have the following rights:

 

(a)    Number of Votes; Voting with Common Stock. Except as provided by Nevada statutes or Section 2(b) below), the holder of the 2021 Series A Preferred Stock shall vote together with the holders of preferred stock (including on an as converted basis), par value $0.001, and common stock, par value $0.001 per share, of the Corporation (the "Common Stock") as a single class. The 2021 Series A Preferred Stock stockholder is entitled to 60% of all votes (including, but not limited to, common stock, and preferred stock (including on an as converted basis)) entitled to vote at each meeting of stockholders of the Corporation (and written actions of stockholders in lieu of meetings) with respect to any and all matters presented to the stockholders of the Corporation for their action or consideration. The 2021 Series A Preferred Stock shall not be divided into fractional shares.

 

 

 

  2  

 

 

(b)    Adverse Effects. The Corporation shall not amend, alter or repeal the preferences, rights, powers or other terms of the 2021 Series A Preferred Stock so as to affect adversely the 2021 Series A Preferred Stock or the holder thereof without the written consent or affirmative vote of the holder of the 2021 Series A Preferred Stock given in writing or by vote at a meeting, consenting or voting (as the case may be) separately as a class.

 

Section 3. Conversion in to common shares. The share of 2021 Series A Preferred Stock shall convert into common shares at a conversion rate of 1 preferred to 10,000,000 common shares. The holder of the 2021 Series A Preferred Stock can affect the conversion at any time. The conversion in to common is a right and conversion is not required.

 

Section 4. Dividends, Liquidation. The share of 2021 Series A Preferred Stock shall not be entitled to any dividends in respect thereof, and shall not participate in any proceeds available to the Corporation's shareholders upon the liquidation, dissolution or winding up of the Corporation.

 

Section 5. No Impairment. The Corporation shall not intentionally take any action which would impair the rights and privileges of the 2021 Series A Preferred Stock set forth herein or the rights of the holder thereof. The Corporation will not, by amendment of its certificate of incorporation or through any reorganization, transfer of assets, consolidation, merger, dissolution, issue or sale of securities or any other voluntary action, avoid or seek to avoid the observance or performance of any of the terms to be observed or performed hereunder by the Corporation, but will at all times in good faith assist in the carrying out of all the provisions herein and in the taking of all such action as may be necessary or appropriate in order to protect the rights of the holder of the 2021 Series A Preferred Stock against impairment.

 

Section 6. Replacement Certificate. hi the event that the holder of the 2021 Series A Preferred Stock notifies the Corporation that the stock certificate evidencing the share of 2021.

 

Series A Preferred Stock has been lost, stolen, destroyed or mutilated, the Corporation shall issue a replacement stock certificate evidencing the 2021 Series A Preferred Stock identical in tenor and date to the original stock certificate evidencing the 2021 Series A Preferred Stock, provided that the holder executes and delivers to the Corporation an affidavit of lost stock certificate and an agreement reasonably satisfactory to the Corporation to indemnify the Corporation from any loss incurred by it in connection with such 2021 Series A Preferred Stock certificate.

 

Consent

 

WHEREFORE, this Consent shall have the same force and effect as a majority vote cast at a meeting of the shareholders duly called, noticed, convened and held in accordance with the law, the Articles of Incorporation, and the Bylaws of the Corporation.

 

Effective date: January 21, 2021

 

SYNERGY MANAGEMENT GROUP, LLC. a Nevada limited liability company

As Court-Appointed Custodian for XL RENT, INC. / E MED FUTURE, INC., Nevada

corporation

 

/s/ Benjamin Berry

Its ManagingMember

 

 

Signed before me this 21 day of January, 2021

 

/s/ Bonnie J. Nerison

Notary Public

 

 

 

 

 

 

  3  

 

Exhibit 2.8

 

Filed in the Office of Secretary of State State Of Nevada Business Number C2197 - 1990 Filing Number 20211564777 Filed On 6/15/2021 10:00:00 AM Number of Pages 1

 

Exhibit 2.81

 

BARBARA K. CEGAVSKE Secretary of State 202 North Carson Street Carson City, Nevada 89701 - 4201 (775) 684 - 5708 Website: www.nvsos.gov Certificate of Amendment (PURSUANT TO NRS 78.385 AND 78.390) USE BLACK INK ONLY - DO NOT HIGHLIGHT ABOVE SPACE IS FOR OFFICE USE ONLY Certificate of Amendment to Articles of Incorporation For Nevada Profit Corporations (Pursuant to NRS 78.385 and 78.390 - After Issuance of Stock) 1. Name of corporation: 2. The articles have been amended as follows: (provide article numbers, if available) 3 . The vote by which the stockholders holding shares in the corporation entitling them to exercise at least a majority of the voting power, or such greater proportion of the voting power as may be required in the case of a vote by classes or series, or as may be required by the provisions of the articles of incorporation* have voted in favor of the amendment is: Time: (must not be later than 90 days after the certificate is filed) 5. Signature: (required) Signature of Officer *If any proposed amendment would alter or change any preference or any relative or other right given to any class or series of outstanding shares, then the amendment must be approved by the vote, in addition to the affirmative vote otherwise required, of the holders of shares representing a majority of the voting power of each class or series affected by the amendment regardless to limitations or restrictions on the voting power thereof . IMPORTANT: Failure to include any of the above information and submit with the proper fees may cause this filing to be rejected. Nevada Secretary of State Amend Profit - After This form must be accompanied by appropriate fees. Revised: 1 - 5 - 15 X DC!<!>D * 090204* E Med Future Inc ARTICLE IV. The aggregate number of shares that the Corporation will have authority to issue is Seven Hundred Fifty Million and Fifteen shares (750,000,015), of which Seven Hundred Fifty Million (750,000,000) shares will be Common Stock, with a par value of$0.001 per share, and Ten Million and Fifteen (10,000,015) shares will be preferred stock, with a par value of $0.001 per share. Shares of any class of stock may be issued, without shareholder action, from time to time in one or more series as may from time to time be determined by the board of directors. 42,000,000 4. Effective date and time of filing: (optional) Date: 09/15/2021 11:53 am

 
 

BARBARA K. CEGAVSKE Secretary of State 202 North Carson Street Carson City, Nevada 89701 - 4201 (775) 684 - 5708 Website: www.nvsos.gov Filing Instructions for the Amendments Division IMPORTANT: READ ALL INSTRUCTIONS CAREFULLY BEFORE COMPLETING FORM. Dear Customer: We value your patronage and desire to provide you the best service possible. In an effort to facilitate your filing we would appreciate your taking a moment to read the following before submitting your document. Failure to include any of the information required on the form may cause the filing to be rejected. - Thank you - 1.) One file stamped copy of the filing will be returned at no additional charge for most filings. Dissolutions, Cancellations and Withdrawals do not receive a file stamped copy unless requested at the time of filing. To receive a certified copy, enclose an additional $30.00 per certification. A copy fee of $2.00 per page is required for each additional copy generated when ordering 2 or more file stamped or certified copies. Appropriate instructions must accompany your order. 2.) If paying for expedite service, include the word “EXPEDITE” in your correspondence. 3.) Verify filing is submitted on the correct form prescribed by the Secretary of State. 4.) Forms must include appropriate signatures as required. 5.) If applicable, include the appropriate names and addresses as requested on the form. 6.) If adding new managers or general partners, their names and addresses must be set forth. 7.) Documents must reflect the complete name of the entity as registered with the Secretary of State. 8.) Attach all pages that are referenced as attachments. 9.) All documents must be legible for filming and/or scanning. 10.) If filing restated articles (containing newly amended articles, deletions or additions), provide a form prescribed by the Secretary of State indicating which articles have been amended, deleted or added. Furthermore, the articles must contain the necessary amendment language as required by the statutes governing amendments for that type of business entity. 11.) Verify that the status of the entity is not revoked. Verification may be made by visiting our Web site at www.nvsos.gov or calling this office. 12.) The correct filing date must be provided when required. 13.) All required information must be completed and appropriate boxes checked or filing will be rejected. 14.) Please contact this office for assistance if you are unsure of the filing fee for your document. All forms may be downloaded from our Web site www.nvsos.gov . The Nevada Revised Statutes may be obtained at http://www.leg.state.nv.us/NRS. Filing may be submitted at the office of the Secretary of State or by mail at the following addresses: MAIN OFFICE: Regular and Expedited Filings SATELLITE OFFICE: Expedited Filings Only Secretary of State Amendments Division 202 North Carson Street Carson City NV 89701 - 4201 Phone: 775 - 684 - 5708 Fax: 775 - 684 - 5731 Secretary of State – Las Vegas North Las Vegas City Hall 2250 North Las Vegas Blvd, 4th Floor, North Las Vegas, NV 89030 Phone: 702 - 486 - 2880 Fax: 702 - 486 - 2888 Nevada Secretary of State AM Instructions Revised on: 7 - 26 - 18

 
 

Customer Order Instructions BARBARA K. CEGAVSKE Secretary of State 202 North Carson Street Carson City, Nevada 89701 - 4201 (775) 684 - 5708 Website: www.nvsos.gov SUBMIT THIS COMPLETED FORM WITH YOUR FILING USE BLACK INK ONLY - DO NOT HIGHLIGHT 24 - Hour Expedite (additional fee included) Processing Service Requested: Name of Entity: Contact Name: Phone: Return to: Return Delivery: (email or fax options do not receive a copy via mail; must be ordered separately) Hold for Pick Up Mail to Address Above Other: (explain below) Fax to: FedEx: Acct # Order Description: (include items being ordered and fee breakdown) * Total Amount: *PLEASE NOTE: this office keeps the original paperwork. The first file stamped copy ordered at the time of filing is at no charge. Each additional copy is $2.00 per page (plus $30.00 for each certification). Method of Payment: Check/Money Order Trust Account: Use balance remaining in job # Nevada Secretary of State Customer Order Instructions Revised: 1 - 5 - 15 D<=!=!?D * 230305* 俺 Regular E Med Future Inc Date: 09/15/2021 E Med Future Inc 4054 Sawyer Road Sarasota, FL 34233 Vincent Payne (941) 259 - 8005 俺 Email to: vince.payne@dseincorporated.com 俺 Credit Card (attach ePayment checklist)

 
 

1 or 2 - Hour Expedite Customer Order Instructions BARBARA K. CEGAVSKE Secretary of State 202 North Carson Street Carson City, Nevada 89701 - 4201 (775) 684 - 5708 Website: www.nvsos.gov SUBMIT THIS COMPLETED FORM WITH YOUR FILING USE BLACK INK ONLY - DO NOT HIGHLIGHT 1 - Hour Expedite (additional $1000.00 fee included) 2 - Hour Expedite (additional $500.00 fee included) Processing Service Requested: Date: Phone: Name of Entity: Contact Name: Return to: Return Delivery: Mail to Address Above Email to: Hold for Pick Up Other: (explain below) Fax to: FedEx: Acct # Order Description: (include items being ordered and fee breakdown) * Total Amount: Trust Account: *PLEASE NOTE: this office keeps the original paperwork. The first file stamped copy ordered at the time of filing is at no charge. Each additional copy is $2.00 per page (plus $30.00 for each certification). Method of Payment: Check/Money Order Credit Card (attach ePayment checklist) Use balance remaining in job # Nevada Secretary of State 1 - 2 Hr Customer Order Instructions Revised: 1 - 5 - 15 D<=!>!?D 230405

 
 

Nevada Secretary of State Expedite Guidelines Revised: 1 - 5 - 15 IMPORTANT: To ensure expedited service, please mark “Expedite” in a conspicuous place at the top of the service request. Please indicate method of delivery. 24 - HOUR EXPEDITE SERVICE The Secretary of State offers a 24 - hour expedite service on most filings processed by this office. If you choose to utilize this service, please enclose with your filing the additional expedite fee. Please note that this expedite fee is in addition to the standard fee charged on each filing and/or order. Check the 24 - hour expedite box on your customer order instruction form. If not using our order form, state clearly in your cover letter that you are requesting 24 - hour expedited service, include your telephone number and return information. Attach the order form or cover sheet to the top of your filing and submit to this office. Each filing will be returned by U.S.P.S. regular mail unless other arrangements are made. This office does not fax confirmation of a 24 - hour expedite. The fee for 24 - hour handling ranges from $25.00 to $125.00. Please consult our fee schedules for the appropriate 24 - hour expedite fee. If you require assistance, please contact this office. Time Constraints : Each filing submitted receives same day filing date and may be picked up within 24 - hours . Filings to be mailed the next business day if received by 2 : 00 pm of receipt date and no later than the 2 nd business day if received after 2 : 00 pm . Expedite period begins when filing or service request is received in this office in fileable form . 2 - HOUR EXPEDITE SERVICE The Secretary of State offers a 2 - hour expedite service on most filings processed by this office. If you choose to utilize the 2 - hour expedite service, please enclose with your filing an additional $500.00 per filing and/or order. Please note that this expedite fee is in addition to the standard fee charged on each filing and/or order. Complete and submit the 2 - hour customer order instruction form. If not using our order form, state clearly in your cover letter that you are requesting 2 - hour expedited service and include your telephone number and return information. Attach the order form or cover sheet to the top of your filing and submit to this office. Each filing will be returned by U.S.P.S. regular mail unless other arrangements are made. 1 - HOUR EXPEDITE SERVICE The Secretary of State offers a 1 - hour expedite service on most filings processed by this office. If you choose to utilize the 1 - hour expedite service, please enclose with your filing an additional $1000.00 per filing and/or order. Please note that this expedite fee is in addition to the standard fee charged on each filing and/or order. Complete and submit the 1 - hour customer order instruction form. If not using our order form, state clearly in your cover letter that you are requesting 1 - hour expedited service and include your telephone number and return information. Attach the order form or cover sheet to the top of your filing and submit to this office. Each filing will be returned by U.S.P.S. regular mail unless other arrangements are made. 1 - Hour and 2 - Hour Time Constraints: Each filing submitted for either 1 - hour or 2 - hour expedite receives same day filing date and will be acknowledged by fax or e - mail within expedite service time. Failure to indicate method of acknowledgement (fax or e - mail) or to provide a correct fax number or e - mail address may prevent the Secretary of State from acknowledging the filing of such documents. Filings may be picked up within the expedite service period. Filings to be mailed will be mailed out no later than the next business day following receipt. Expedite period begins when filing or service request is received in this office in fileable form. The Secretary of State reserves the right to extend the expedite period in times of extreme volume, staff shortages or equipment malfunction. These extensions are few and will rarely extend more than a few hours. 24 - hour, 2 - hour and 1 - hour Expedite Service Guidelines BARBARA K. CEGAVSKE Secretary of State 202 North Carson Street Carson City, Nevada 89701 - 4201 Phone: (775) 684 - 5708 Website: www.nvsos.gov

 
 

ePayment Checklist (For Counter, Fax and Mail Requests) BARBARA K. CEGAVSKE Secretary of State 202 North Carson Street Carson City, Nevada 89701 - 4201 (775) 684 - 5708 Website: www.nvsos.gov USE BLACK INK ONLY - DO NOT HIGHLIGHT Service Type: Counter Fax (Expedite Processing Requires Additional Fees) 24 - HOUR Expedite 2 - HOUR Expedite 1 - HOUR Expedite Payment by Card (card holder name and billing address required below) Card Type: MasterCard Discover American Express Customer Credit Card Number: V CODE * * 3 - digit number found on the far right of the backside of VISA, MasterCard and Discover cards 4 - digit number found on the front right side of American Express card. NOTICE: For security and verification purposes, all credit card payments must include the 3 or 4 - digit CVV2 code (VCode) number located on the credit card. Failure to include this code will result in the rejection of your filing or service request. Credi t Card Expiratio n Date: Month Year Amount to Charge Card: USD $ Card Holder Information: Name as it Appears on the Account Billing Address City, State, Zip Telephone Payment Authorization I authorize the Secretary of State to bill an amount not to exceed the following to be charged to the above listed account(s): Not to Exceed Amount: USD $ Authorized Signature Nevada Secretary of State ePayment Checklist Revised: 1 - 5 - 15 X D<=!;!?D * 230105* 俺 Mail Order Processing Requested: 俺 Regular Processing 俺 VISA 4 4 8 5 4 5 2 0 0 0 0 2 3 1 3 4 3 5 4 08 2022 Order Information (required) Entity Name/Order Reference: E Med Future Inc. Vincent Payne 4054 Sawyer Road Sarasota, FL 34233 (941) 259 - 8005 Ext

 
 

BARBARA K. CEGAVSKE Secretary of State 202 North Carson Street Carson City, Nevada 89701 - 4201 Phone: (775) 684 - 5708 Website: www.nvsos.gov Profit Corporation Fee Schedule Effective 7 - 1 - 08 Page 1 PROFIT CORPORATIONS INITIAL FILING FEE : Pursuant to NRS 78, 80, 78A, and 89 Domestic and Foreign Corporations, Close Corporations and Professional Corporations. Fees are based on the value of the total number of authorized shares stated in the Articles of Incorporation as prescribed by NRS 78.760: $75,000 or less $75.00 over $75,000 and not over $200,000 $175.00 over $200,000 and not over $500,000 $275.00 over $500,000 and not over $1,000,000 $375.00 OVER $1,000,000 For the first $1,000,000 $375.00 For each additional $500,000 - or fraction thereof $275.00 Maximum fee $35,000.00 For the purpose of computing the filing fee, the value (capital) represented by the total number of shares authorized in the Articles of Incorporation is determined by computing the: A. total authorized shares multiplied by their par value or; B. total authorized shares without par value multiplied by $1.00 or; C. the sum of (a) and (b) above if both par and no par shares. Filing fees are calculated on a minimum par value of one - tenth of a cent (.001), regardless if the stated par value is less. The 24 - hour expedite fee for Articles of Incorporation for any of the above entities is $125.00 in addition to the filing fee based upon stock. The 2 - hour expedite fee is $500.00 in addition to the filing fee based upon stock. The 1 - hour expedite fee is $1000.00 in addition to the filing fee based upon stock. PLEASE NOTE: the expedite fee is in addition to the standard filing fee charged on each filing and/or order. 24 - HOUR EXPEDITE TIME CONSTRAINTS : Each filing submitted receives same day filing date and may be picked up within 24 - hours. Filings to be mailed the next business day if received by 2:00 pm of receipt date and no later than the 2nd business day if received after 2:00 pm. Expedite period begins when filing or service request is received in this office in fileable form. The Secretary of State reserves the right to extend the expedite period in times of extreme volume, staff shortages, or equipment malfunction. These extensions are few and will rarely extend more than a few hours. Nevada Secretary of State Fee Schedule - NF Profit Pg1 Revised: 1 - 5 - 15

 
 

BARBARA K. CEGAVSKE Secretary of State 202 North Carson Street Carson City, Nevada 89701 - 4201 Phone: (775) 684 - 5708 Website: www.nvsos.gov Profit Corporation Fee Schedule Effective 7 - 1 - 08 Page 2 OTHER PROFIT CORPORATION FEES: Articles of Association pursuant to NRS 89.210 (Professional Association) $75.00 Reinstatement Fee $300.00 Certificate of Amendment, minimum fee * $175.00 Certificate pursuant to NRS 78.209 (stock split), minimum fee * $175.00 Certificate pursuant to NRS 78.1955 (stock designation) $175.00 Amendment to Certificate pursuant NRS 78.1955 (stock designation) $175.00 Amendment of Modified Name $175.00 Restated Articles, minimum fee * $175.00 Certificate of Correction, minimum fee * $175.00 Certificate of Termination (includes filings pursuant to NRS 78.209, 78.380 and 78.390) $175.00 Termination Pursuant to NRS 92A $350.00 Articles of Merger * or Exchange $350.00 Dissolution of Corporation $100.00 Withdrawal of Foreign Corporation $100.00 Preclearance of any Document $125.00 Articles of Conversion; Articles of Domestication – contact office for fee information Revival of Corporation – contact office for fee information Ceremonial Charter $100.00 Certificate of Good Standing $50.00 Ceremonial Certificate of Good Standing $100.00 Initial List of Officers and Directors $150.00 Annual or Amended List of Officers and Directors See List Fee Schedule Annual List of Officers and Directors (Professional Association) $150.00 24 - Hour Expedite fee for above filings $125.00 Apostille $20.00 24 - Hour Expedite fee for above filing $75.00 Name Reservation $25.00 24 - Hour Expedite fee for above filing $50.00 Change of Noncommercial Registered Agent $60.00 Change of Registered Agent by Represented Entity $60.00 Resignation of Director or Officer $75.00 Resignation of Registered Agent (plus $1.00 for each additional entity listed) $100.00 24 - Hour Expedite fee for above filings $25.00 Certification of Documents – per certification $30.00 Copies – per page $2.00 Late Fee for List of Officers $75.00 Business License Fee (Professional Corporation created pursuant to NRS Chapter 89 - $200.00) $500.00 * Fee will be higher if stock is increased a significant amount, according to the initial filing fee schedule on page 1 of the profit corporation fee schedule. Maximum fee for an increase in stock is $35,000.00. 2 - Hour Expedite is available on all of the above filings at the fee of $500.00 per item. 1 - Hour Expedite is available on all of the above filings at the fee of $1000.00 per item. PLEASE NOTE: the expedite fee is in addition to the standard filing fee charged on each filing and/or order. 24 - HOUR EXPEDITE TIME CONSTRAINTS: Each filing submitted receives same day filing date and may be picked up within 24 - hours. Filings to be mailed the next business day if received by 2:00 pm of receipt date and no later than the 2nd business day if received after 2:00 pm. Expedite period begins when filing or service request is received in this office in fileable form. The Secretary of State reserves the right to extend the expedite period in times of extreme volume, staff shortages, or equipment malfunction. These extensions are few and will rarely extend more than a few hours. Nevada Secretary of State Fee Schedule - Profit Pg2 Revised: 7 - 1 - 15

 

 

 

BOARD RESOLUTION OF E MED FUTURE, INC We, the undersigned, being all the Directors of E Med Future Inc, organized and existing under the laws of Nevada, and having its principal place of business at 4054 Sawyer Road, Sarasota, Florida 34233 (the "Corporation"), hereby certify that the following is a true and correct copy of a resolution duly adopted at a meeting of the Directors of the Corporation duly held and convened on September 15, 2021, at which a quorum of the Board of Directors was present and voting throughout, and that such resolution has not been modified, rescinded or revoked, and is at present in full force and effect: Therefore, it is resolved: E Med Future Inc. will increase the aggregate number of shares that the Corporation will have authority to issue is Seven Hundred Fifty Million and Fifteen shares (750,000,015), of which Seven Hundred Fifty Million (750,000,000) shares will be Common Stock, with a par value of $0.001 per share, and Ten Million and Fifteen (10,000,015) shares will be preferred stock, with a par value of $ 0 . 001 per share . Shares of any class of stock may be issued, without shareholder action, from time to time in one or more series as may from time to time be determined by the board of directors . 09llt5/2021 D I at e - " ; I I \ ! ' I \ I 'I \ 09/15/2021 Date Circle this L.S. as there is no corporate seal.

 
 

CERTIFICATE OF SECRETARY The Secretary of the Corporation hereby certifies that he/she is the duly elected and qualified Secretary of E Med Future Inc and certifies that the above is a true and correct record of the . resol ion that was dul adopted by the Directors of the Corporation on September 15, 2021.

 
 

AMENDED AND RESTATED ARTICLES OF INCORPORATION OF E ME D FUTURE , INC. ARTICLE I The name of the corporation shall be E MED FUTURE, INC. (the "Corporation"). ARTICLE II The period of its duration shall be perpetual. ARTICLE III The Corporation is organized purpose of conducting any lawful business for which a corporation may be organized under the laws of the State of Nevada. ARTICLE IV The aggregate number of shares that the Corporation will have authority to issue is Seven Hundred Fifty Million and Fifteen shares (750,000,015), of which Seven Hundred Fifty Million (750,000,000) shares will be Common Stock, with a par value of$0.001 per share, and Ten Million and Fifteen (10,000,015) shares will be preferred stock, with a par value of $0.001 per share. Shares of any class of stock may be issued, without shareholder action, from time to time in one or more series as may from time to time be determined by the board of directors. The board of directors of this Corporation is hereby expressly granted authority, without shareholder action, and within the limits set forth in the Nevada Revised Statutes,to: ( i ) designate in whole or in part, the powers, preferences, limitations, and relative rights, of an y clas s of shares before th e issuanc e of an y shares of tha t class; create one or more series within a class of shares, fix the number of shares of each such series, and designate, in whole or part, the powers, preferences, limitations, and relative rights of the series, all before the issuance of any shares of that series; alter or revoke the powers, preferences, limitations, and relative rights granted to or imposed upon any wholly unissued class of shares or any wholly unissued series of any class of shares; increas e or decrease th e number of shares constitutin g an y series, th e number of shares of which was originally fixed by the board.of directors, either before or after the issuance of shares of the series; provided that, the number may not be decreased below the number of shares of the series then outstanding, or increased above the total number of authorized shares of the applicable class of shares available for designation as a part of the series; ( ii ) ( iii ) ( iv )

 
 

(v) determine the dividend rate on the shares of any class of shares or series of shares, whether dividends will be cumulative, and if so, from which date(s), and the relative rights of priority, if any, of payment of dividends on shares of that class of shares or series of shares; ( vi) determine whether that class or series of shares will have voting rights, in addition to the voting rights provided by law, and, if so the terms of such voting rights; (vii) determine whether that class of series of shares will have conversion privileges and, if so, the terms and conditions, including provision for adjustment of the conversion rate in such events as the board of directors determines; ( viii) determine whether of not the shares of that class of shares or series of shares will be redeemable and, if so, the terms and conditions of such redemption, including the date or date upon or after which they are redeemable, and the amount per share payable in case of redemption, which amount may vary under different conditions and at different redemption dates: ( ix ) determine whether that class of shares or series of shares will have a sinking fund for the Redemption or purchase of shares of that class of shares or series of shares and, if so, the terms and amount of such sinking fund : (x) determine the rights of the shares of that class of shares or series of shares in the event of voluntary or involuntary, liquidation, dissolution or winding up of the Corporation, and the relative rights of priority, if any, of payment of shares of that class of shares or series of shares; and (xi) determine any other relative rights, preferences and limitations of that class of shares or series of shares. The allocation between the classes, or among the series of each class, or unlimited voting rights and the right to receive the net assets of the Corporation upon dissolution, shall be as designated by the board of directors . All rights accruing to the outstanding shares of the Corporation not expressly provided for to the contrary herein or in the Corporation's bylaws or in any amendment hereto shall be vested in common stock . Accordingly, unless and until otherwise designated by the board of directors of the Corporation, and subject to any superior rights as so designated, the Common Stock shall have unlimited voting rights and entitled to receive the net assets of the Corporation upon dissolution . ARTICLEV Provisions for the regulation of the internal affairs of the Corporation will be contained in its Bylaws as adopted by the Board of Directors. The number of Directors of the Corporation shall be fixed by its Bylaws. ARTICLE VI The Corporation shall indemnify any person against expenses, including without limitation, attorney's fees, judgements, fines, and amounts paid in settlement, actually and reasonably incurred by reason of

 
 

the fact that he or she is or was a director of the Corporation, or is or was serving at the request of the Corporation as a director or officer of another corporation, partnership, joint venture, trust or other enterprise, in all circumstances in which, and to the extent that, such indemnification is permitted and provided for by the laws of the State of Nevada then in effect . ARTICL E VII To the fullest extent permitted by the Nevada General Corporation Law as the same exists or may hereafter be amended, an officer or director of the Corporation shall not be personally liable to the "corporation or its stockholders for monetary damages. Effective date: September 15, 2021 Signe d before me thi s 15 t h day of September, 2021 ;._v """<.. LIJCIAF . PAYNE ••••••• Commissio n I G G 193871 Expire s March 8 1 2022 Sondel t '111 v BudglltNolal y Sinli:a ... . .,_ ... - , O F f \ .'::,

 

Exhibit 2.82

     

 

     

 

 

AMENDED AND RESTATED BYLAWS

 

OF

 

XL RENT, INC./ E MED FUTURE, INC.

 

I. SHAREHOLDER'S MEETING.

 

.01 Annual Meetings.

 

The annual meeting of the shareholders of this Corporation, for the purpose of election of Directors and for such other business as may come before it, shall be held at the registered office of the Corporation, or such other places, either within or without the State of Nevada, as may be designated by the notice of the meeting, on the first week in May of each and every year, at 1:00 p.m., commencing in 2019 but in case such day shall be a legal holiday, the meeting shall be held at the same hour and place on the next succeeding day not a holiday.

 

.02 Special Meeting.

 

Special meetings of the shareholders of this Corporation may be called at any time by the holders of ten percent (10%) of the voting shares of the Corporation, or by the President, or by the Board of Directors or a majority thereof. No business shall be transacted at any special meeting of shareholders except as is specified in the notice calling for said meeting. The Board of Directors may designate any place, either within or without the State of Nevada, as the place of any special meeting called by the president or the Board of Directors, and special meetings called at the request of shareholders shall be held at such place in the State of Nevada, as may be determined by the Board of Directors and placed in the notice of such meeting.

 

.03 Notice of Meeting.

 

Written notice of annual or special meetings of shareholders stating the place, day, and hour of the meeting and, in the case of a special meeting, the purpose or purposes for which the meeting is called shall be given by the secretary or persons authorized to call the meeting to each shareholder of record entitled to vote at the meeting. Such notice shall be given not less than ten (10) nor more than fifty (50) days prior to the date of the meeting, and such notice shall be deemed to be delivered when deposited in the United States mail addressed to the shareholder at his/her address as it appears on the stock transfer books of the Corporation.

 

.04 Waiver of Notice.

 

Notice of the time, place, and purpose of any meeting may be waived in writing and will be waived by any shareholder by his/her attendance thereat in person or by proxy. Any shareholder so waiving shall be bound by the proceedings of any such meeting in all respects as if due notice thereof had been given.
 

.05 Quorum and Adjourned Meetings.

 

A majority of the outstanding shares of the Corporation entitled to vote, represented in person or by proxy, shall constitute a quorum at a meeting of shareholders. A majority of the shares represented at a meeting, even if less than a quorum, may adjourn the meeting from time to time without further notice. At such adjourned meeting at which a quorum shall be present or represented, any business may be transacted which might have been transacted at the meeting as originally notified. The shareholders present at a duly organized meeting may continue to transact business until adjournment, notwithstanding the withdrawal of enough shareholders to leave less than a quorum.

 

 

 

  3  

 

 

.06 Proxies.

 

At all meetings of shareholders, a shareholder may vote by proxy executed in writing by the shareholder or by his/her duly authorized attorney in fact. Such proxy shall be filed with the secretary of the Corporation before or at the time of the meeting. No proxy shall be valid after eleven (11) months from the date of its execution, unless otherwise provided in the proxy.

 

.07 Voting of Shares.

 

Except as otherwise provided in the Articles of Incorporation or in these Bylaws, every shareholder of record shall have the right at every shareholder's meeting to one (1) vote for every share standing in his/her name on the books of the Corporation, and the affirmative vote of a majority of the shares represented at a meeting and entitled to vote thereat shall be necessary for the adoption of a motion or for the determination of all questions and business which shall come before the meeting.

 

II. DIRECTORS.

 

.01 General Powers.

 

The business and affairs of the Corporation shall be managed by its Board of Directors.

 

  .02 Number, Tenure and Qualifications.

 

The number of Directors of the Corporation shall be not less than one nor more than thirteen. Each Director shall hold office until the next annual meeting of shareholders and until his/her successor shall have been elected and qualified. Directors need not be residents of the State of Nevada or shareholders of the Corporation.

 

.03 Election.

 

The Directors shall be elected by the shareholders at their annual meeting each year; and if, for any cause the Directors shall not have been elected at an annual meeting, they may be elected at a special meeting of shareholders called for that purpose in the manner provided by these Bylaws.

 

.04 Vacancies.

 

In case of any vacancy in the Board of Directors, the remaining Directors, whether constituting a quorum or not, may elect a successor to hold office for the unexpired portion of the terms of the Directors whose place shall be vacant, and until his/her successor shall have been duly elected and qualified. Further, the remaining Directors may fill any empty seats on the Board of Directors even if the empty seats have never been occupied.

 

.05 Resignation.

 

Any Director may resign at any time by delivering written notice to the secretary of the Corporation.

 

 

 

  4  

 

 

.06 Meetings.

 

At any annual, special or regular meeting of the Board of Directors, any business may be transacted, and the Board may exercise all of its powers. Any such annual, special or regular meeting of the Board of Directors of the Corporation may be held outside of the State of Nevada, and any member or members of the Board of Directors of the Corporation may participate in any such meeting by means of a conference telephone or similar communications equipment by means of which all persons participating in the meeting can hear each other at the same time; the participation by such means shall constitute presence in person at such meeting.

 

  A. Annual Meeting of Directors

 

Annual meetings of the Board of Directors shall be held immediately after the annual shareholders' meeting or at such time and place as may be determined by the Directors. No notice of the annual meeting of the Board of Directors shall be necessary.

 

B. Special Meetings.

 

Special meetings of the Directors shall be called at any time and place upon the call of the president or any Director. Notice of the time and place of each special meeting shall be given by the secretary, or the persons calling the meeting, by mail, radio, telegram, or by personal communication by telephone or otherwise at least one (1) day in advance of the time of the meeting. The purpose of the meeting need not be given in the notice. Notice of any special meeting may be waived in writing or by telegram (either before or after such meeting) and will be waived by any Director in attendance at such meeting.

 

C. Regular Meetings of Directors.

 

Regular meetings of the Board of Directors shall be held at such place and on such day and hour as shall from time to time be fixed by resolution of the Board of Directors. No notice of regular meetings of the Board of Directors shall be necessary.

 

.07 Quorum and Voting.

 

A majority of the Directors presently in office shall constitute a quorum for all purposes, but a lesser number may adjourn any meeting, and the meeting may be held as adjourned without further notice. At each meeting of the Board at which a quorum is present, the act of a majority of the Directors present at the meeting shall be the act of the Board of Directors. The Directors present at a duly organized meeting may continue to transact business until adjournment, notwithstanding the withdrawal of enough Directors to leave less than a quorum.

 

.08 Compensation.

 

By resolution of the Board of Directors, the Directors may be paid their expenses, if any, of attendance at each meeting of the Board of Directors and may be paid a fixed sum for attendance at each meeting of the Board of Directors or a stated salary as Director. No such payment shall preclude any Director from serving the Corporation in any other capacity and receiving compensation therefore.

 

 

 

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  .09 Compensation.

 

A Director of the Corporation who is present at a meeting of the Board of Directors at which action on any corporate matter is taken shall be presumed to have assented to the action taken unless his/her dissent shall be entered in the minutes of the meeting or unless he/she shall file his/her written dissent to such action with the person acting as the secretary of the meeting before the adjournment thereof or shall forward such dissent by registered mail to the secretary of the Corporation immediately after the adjournment of the meeting. Such right to dissent shall not apply to a Director who voted in favor of such action.

 

.10 Executive and Other Committees.

 

The Board of Directors, by resolution adopted by a majority of the full Board of Directors, may designate from among its members an executive committee and one of more other committees, each of which, to the extent provided in such resolution, shall have and may exercise all the authority of the Board of Directors, but no such committee shall have the authority of the Board of Directors, in reference to amending the Articles of Incorporation, adoption a plan of merger or consolidation, recommending to the shareholders the sale, lease, exchange, or other disposition of all of substantially all the property and assets of the dissolution of the Corporation or a revocation thereof, designation of any such committee and the delegation thereto of authority shall not operate to relieve any member of the Board of Directors of any responsibility imposed by law.

 

.11 Chairman of Board of Directors.

 

The Board of Directors may, in its discretion, elect a chairman of the Board of Directors from its members; and, if a chairman has been elected, he/she shall, when present, preside at all meetings of the Board of Directors and the shareholders and shall have such other powers as the Board may prescribe.

 

.12 Removal.

 

Directors may be removed from office with or without cause by a vote of shareholders holding a majority of the shares entitled to vote at an election of Directors.

 

III. ACTIONS BY WRITTEN CONSENT.

 

Any corporate action required by the Articles of Incorporation, Bylaws, or the laws under which this Corporation is formed, to be voted upon or approved at a duly called meeting of the Directors may be accomplished without a meeting if a written memorandum setting forth the action so taken, shall be signed by all the Directors. Any corporate action required by the Articles of Incorporation, Bylaws, or the laws under which this Corporation is formed, to be voted upon or approved at a duly called meeting of the Shareholders, may be accomplished without a meeting. If a written memorandum setting forth the action so taken, shall be signed by holders of a majority of the total outstanding shares of common stock.

 

IV. OFFICERS.

 

.01 Officers Designated.

 

The Officers of the Corporation shall be a president, one or more vice presidents (the number thereof to be determined by the Board of Directors), a secretary and a treasurer, each of whom shall be elected by the Board of Directors. Such other Officers and assistant officers as may be deemed necessary may be elected or appointed by the Board of Directors. Any Officer may be held by the same person, except that in the event that the Corporation shall have more than one director, the offices of president and secretary shall be held by different persons.

 

 

 

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.02 Election, Qualification and Term of Office.

 

Each of the Officers shall be elected by the Board of Directors. None of said Officers except the president need be a Director, but a vice president who is not a Director cannot succeed to or fill the office of president. The Officers shall be elected by the Board of Directors. Except as hereinafter provide, each of said Officers shall hold office from the date of his/her election until the next annual meeting of the Board of Directors and until his/her successor shall have been duly elected and qualified.

 

.03 Powers and Duties.

 

The powers and duties of the respective corporate Officers shall be as follows:

 

A. President.

 

The president shall be the chief executive Officer of the Corporation and, subject to the direction and control of the Board of Directors, shall have general charge and supervision over its property, business, and affairs, including but not limited to functioning as the secretary and treasurer of the Corporation if the secretary or treasurer is unable to perform his/her duties. He/she shall, unless a Chairman of the Board of Directors has been elected and is present, preside at meetings of the shareholders and the Board of Directors.

 

B. Vice President.

 

In the absence of the president or his/her inability to act, the senior vice president shall act in his place and stead and shall have all the powers and authority of the president, except as limited by resolution of the Board of Directors.

 

C. Secretary.

 

The secretary shall be responsible for:

 

1. Keeping the minutes of the shareholder's and of the Board of Directors meetings in one or more books provided for that purpose;

 

2. Seeing that all notices are duly given in accordance with the provisions of these Bylaws or as required by law;

 

3. Be custodian of the corporate records and of the seal of the Corporation and affix the seal of the Corporation to all documents as may be required;

 

4. Keeping a register of the post office address of each shareholder which shall be furnished to the secretary by such shareholder;

 

5. Signing with the president, or a vice president, certificates for shares of the Corporation, the issuance of which shall have been authorized by resolution of the Board of Directors;

 

6. Having general charge of the stock transfer books of the corporation; and,

 

7. In general perform all duties incident to the office of secretary and such other duties as from time to time may be assigned to him/her by the president or by the Board of Directors.

 

 

 

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D. Treasurer.

 

Subject to the direction and control of the Board of Directors, the treasurer shall have the custody, control and disposition of the funds and securities of the Corporation and shall account for the same; and, at the expiration of his/her term of office, he/she shall turn over to rus/her successor all property of the Corporation in his/her possession.

 

E. Assistant Secretaries and Assistant Treasurers.

 

The assistant secretaries, when authorized by the Board of Directors, may sign with the president, or a vice president, certificates for shares of the Corporation the issuance of which shall have been authorized by a resolution of the Board of Directors. The assistant treasurers shall, respectively, if required by the Board of Directors, give bonds for the faithful discharge of their duties in such sums and with such sureties as the Board of Directors shall determine. The assistant secretaries and assistant treasurers, in general, shall perform such duties as shall be assigned to them by the secretary or the treasurer, respectively, or by the president or the Board of Directors.

 

.04 Removal.

 

The Board of Directors shall have the right to remove any Officer whenever in its judgment the best interest of the Corporation will be served thereby.

 

.05 Vacancies.

 

The Board of Directors shall fill any office which becomes vacant with a successor who shall hold office for the unexpired term and until his/her successor shall have been duly elected and qualified.

 

.06 Salaries.

 

The salaries of all Officers of the Corporation shall be fixed by the Board of Directors.

 

V. SHARE CERTIFICATES

 

.01 Form and Execution of Certificates.

 

Certificates for shares of the Corporation shall be in such form as is consistent with the provisions of the Corporation laws of the State of Nevada. They shall be signed by the president and by the secretary, and the seal of the Corporation shall be affixed thereto. Certificates may be issued for fractional shares.

 

.02 Transfers.

 

Shares may be transferred by delivery of the certificates therefore, accompanied either by an assignment in writing on the back of the certificates or by a written power of attorney to assign and transfer the same signed by the record holder of the certificate. Except as otherwise specifically provided in these Bylaws, no shares shall be transferred on the books of the Corporation until the outstanding certificate therefore has been surrendered to the Corporation.

 

 

 

 

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.03 Loss or Destruction of Certificates.

 

In case of loss or destruction of any certificate of shares, another may be issued in its place upon proof of such loss or destruction and upon the giving of a satisfactory bond of indemnity to the Corporation. A new certificate may be issued without requiring any bond, when in the judgment of the Board of Directors it is proper to do so.

 

VI. BOOKS AND RECORDS.

 

.01 Books of Accounts, Minutes and Share Register.

 

The Corporation shall keep complete books and records of accounts and minutes of the proceedings of the Board of Directors and shareholders and shall keep at its registered office, principal place of business, or at the office of its transfer agent or registrar a share register giving the names of the shareholders in alphabetical order and showing their respective addresses and the number of shares held by each.

 

.02 Copies of Resolutions.

 

Any person dealing with the Corporation may rely upon a copy of any of the records of the proceedings, resolutions, or votes of the Board of Directors or shareholders, when certified by the president or secretary.

 

VII. CORPORATE SEAL.

 

The Corporation is not required to have a corporate seal.

 

VIII. LOANS.

 

No loans shall be made by the Corporation to its Officers or Directors

 

IX. INDEMNIFICATION OF DIRECTORS AND OFFICERS.

 

.01 Indemnification.

 

The Corporation shall indemnify any person who was or is a party or is threatened to be made a party to any proceeding, whether civil, criminal, administrative or investigative (other than an action by or in the right of the Corporation) by reason of the fact that such person is or was a Director, Trustee, Officer, employee or agent of the Corporation, or is or was serving at the request of the Corporation as a Director, Trustee, Officer, employee or agent of another corporation, partnership, joint venture, trust or other enterprise, against expenses (including attorneys' fees), judgment, fines and amounts paid in settlement actually arid reasonably incurred by such person in connection with such action, suit or proceeding if such person acted in good faith and in a manner such person reasonably believed to be in or not opposed to the best interests of the Corporation, and with respect to any criminal action or proceeding, had no reasonable cause to believe such person's conduct was unlawful. The termination of any action, suit or proceeding by judgment, order, settlement, conviction, or upon a plea of nolo contendere or its equivalent, shall not, of itself, create a presumption that the person did not act in good faith and in a manner which such person reasonably believed to be in or not opposed to the best interests of the Corporation, and with respect to any criminal action proceeding, had reasonable cause to believe that such person's conduct was unlawful.

 

 

 

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.02 Derivative Action

 

The Corporation shall indemnify any person who was or is a party or is threatened to be made a party to any threatened, pending or completed action or suit by or in the right of the Corporation to procure a judgment in the Corporation's favor by reason of the fact that such person 1s or was a Director, Trustee, Officer, employee or agent of the Corporation, or is or was serving at the request of the Corporation as a Director, Trustee, Officer, employee or agent of another corporation, partnership, joint venture, trust or other enterprise, against expenses (including attorney's fees) and amount paid in settlement actually and reasonably incurred by such person in connection with the defense or settlement of such action or suit if such person acted in good faith and in a manner such person reasonably believed to be in or not opposed to the best interests of the Corporation, and, with respect to amounts paid in settlement, the settlement of the suit or action was in the best interests of the Corporation; provided, however, that no indemnification shall be made in respect of any claim, issue or matter as to which such person shall have been adjudged to be liable for gross negligence or willful misconduct in the performance of such person's duty to the Corporation unless and only to the extent that, the court in which such action or such was brought shall determine upon application that, despite circumstances of the case, such person is fairly and reasonably entitled to indemnity for such expenses as such court shall deem proper. The termination of any action or suit by judgment or settlement shall not, of itself, create a presumption that the person did not act in good faith and in a manner which such person reasonably believed to be in or not opposed to the best interests of the Corporation.

 

.03 Successful Defense.

 

To the extent that a Director, Trustee, Officer, employee or Agent of the Corporation has been successful on the merits or otherwise, in whole or in part in defense of any action, suit or proceeding referred to in Paragraphs .01 and .02 above, or in defense of any claim, issue or matter therein, such person shall be indemnified against expenses (including attorneys' fees) actually and reasonably incurred by such person in connection therewith.

 

.04 Authorization.

 

Any indemnification under Paragraphs .01 and .02 above (unless ordered by a court) shall be made by the Corporation only as authorized in the specific case upon a determination that indemnification of the Director, Trustee, Officer, employee or agent is proper in the circumstances because such person has met the applicable standard of conduct set forth in Paragraphs .01 and .02 above. Such determination shall be made (a) by the Board of Directors of the Corporation by a majority vote of a quorum consisting of Directors who were not parties to such action, suit or proceeding, or (b) is such a quorum is not obtainable, by a majority vote of the Directors who were not parties to such action, suit or proceeding, or (c) by independent legal counsel (selected by one or more of the Directors, whether or not a quorum and whether or not disinterested) in a written opinion, or (d) by the Shareholders. Anyone making such a determination under this Paragraph .04 may determine that a person has met the standards therein set forth as to some claims, issues or matters but not as to others, and may reasonably prorate amounts to be paid as indemnification.

 

.05 Advances.

 

Expenses incurred in defending civil or criminal action, suit or proceeding shall be paid by the Corporation, at any time or from time to time in advance of the final disposition of such action, suit or proceeding as authorized in the manner provided in Paragraph .04 above upon receipt of an unde1taking by or on behalf of the Director, Trustee, Officer, employee or agent to repay such amount unless it shall ultimately be by the Corporation is authorized in this Section.

 

 

 

 

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.06 Nonexclusivity.

 

The indemnification provided in this Section shall not be deemed exclusive of any other rights to which those indemnified may be entitled under any law, bylaw, agreement, vote of shareholders or disinterested Directors or otherwise, both as to action in such person's official capacity and as to action in another capacity while holding such office, and shall continue as to a person who has ceased to be a Director, Trustee, Officer, employee or agent and shall inure to the benefit of the heirs, executors, and administrators of such a person.

 

.07 Insurance.

 

The Corporation shall have the power to purchase and maintain insurance on behalf of any person who is or was a Director, Trustee, Officer, employee or agent of the Corporation, or is or was serving at the request of the Corporation as a Director, Trustee, Officer, employee or agent of another corporation, partnership, joint venture, trust or other enterprise, against any liability assessed against such person in any such capacity or arising out of such person's status as such, whether or not the corporation would have the power to indemnify such person against such liability.

 

.08 "Corporation" Defined.

 

For purposes of this Section, references to the "Corporation" shall include, in addition to the Corporation, an constituent corporation (including any constituent of a constituent) absorbed in a consolidation or merger which, if its separate existence had continued, would have had the power and authority to indemnify its Directors, Trustees, Officers, employees or agents, so that any person who is or was a Director, Trustee, Officer, employee or agent of such constituent corporation or of any entity a majority of the voting stock of which is owned by such constituent corporation or is or was serving at the request of such constituent corporation as a Director, Trustee, Officer, employee or agent of the corporation, partnership, joint venture, trust or other enterprise, shall stand in the same position under the provisions of this Section with respect to the resulting or surviving Corporation as such person would have with respect to such constituent corporation if its separate existence had continued.

 

X. AMENDMENT OF BYLAWS.

 

.01 By the Shareholders.

 

These Bylaws may be amended, altered, or repealed at any regular or special meeting of the shareholders if notice of the proposed alteration or amendment is contained in the notice of the meeting.

 

.02 By the Board of Directors.

 

These Bylaws may be amended, altered, or repealed by the affirmative vote of a majority of the entire Board of Directors at any regular or special meeting of the Board.

 

XI. FISCAL YEAR.

 

The fiscal year of the Corporation shall be set by resolution of the Board of Directors.

 

XII. RULES OF ORDER.

 

The rules contained in the most recent edition of Robert's Rules or Order, Newly Revised, shall govern all meetings of shareholders and Directors where those rules are not inconsistent with the Articles of Incorporation, Bylaws, or special rules or order of the Corporation.

 

 

 

 

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XIII. REIMBURSEMENT OF DISALLOWED EXPENSES.

 

If any salary, payment, reimbursement, employee fringe benefit, expense allowance payment, or other expense incurred by the Corporation for the benefit of an employee is disallowed in whole or in part as a deductible expense of the Corporation for Federal Income Tax purposes, the employee shall reimburse the Corporation, upon notice and demand, to the full extent of the disallowance. This legally enforceable obligation is in accordance with the provisions of Revenue Ruling 69115, 19691 C. B. 50, and is for the purpose of entitling such employee to a business expense deduction for the taxable year in which the repayment is made to the Corporation. In this manner, the Corporation shall be protected from having to bear the entire burden of disallowed expense items.

 

Executed this 21st day of January, 2021

 

___________________________________ 

Corporate Secretary

 

 

 

Sworn to before me this 21st day of January, 2021.

 

/s/ Bonnie J. Nerison                                     

Bonnie J. Nerison

 

 

 

 

 

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XL RENT, INC./ E MED FUTURE, INC.

 

RESOLUTION OF SYNERGY MANAGEMENT GROUP, LLC. AS COURT APPOINTED CUSTODIAN

 

The undersigned, being the Court-appointed custodian of XL Rent, Inc./ E Med Future, Inc., a Nevada corporation (the "Corporation"), acting in accordance with Section 78.347 of the Nevada Revised Statutes, hereby consents to the adoption of the following resolutions:

 

Reinstatement of Corporate Charter

 

WHEREAS, in accordance with the Section 78.347 of the Nevada Revised Statutes, Synergy Management Group, LLC. a Wyoming limited liability company, was appointed Custodian of the Corporation pursuant to an Order of District Court of Clark County, Nevada, cause no. A-19-803089-C on November 12th, 2019 (the "Order")(the "Custodian")(See Exhibit

At

 

WHEREAS, pursuant to Section 78.347 of the Nevada Revised Statutes Order, the Custodian is authorized to take any actions on behalf of the Corporation that are reasonable, prudent, or for the benefit of the Corporation.

 

WHEREAS, the Custodian deems it to be in the best interest of the Corporation and its stockholders to adopt the following resolutions;

 

NOW, THEREFORE, BE IT RESOLVED, that Corporation shall reinstate its corporate charter with the State of Nevada and

 

FURTHER RESOLVED, that the Certificate of Reinstatement attached as Exhibit B hereto are hereby adopted as the Corporation's Articles of Reinstatement

 

Consent

 

WHEREFORE, this Consent shall have the same force and effect as a majority vote cast at a meeting of the shareholders duly called, noticed, convened and held in accordance with the law the Articles of Incorporation, and the Bylaws of the Corporation.

 

 

 

 

 

 

 

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Effective date: January 21st, 2021

 

SYNERGY MANAGEMENT GROUP, LLC. a Wyoming limited liability company

As Court-Appointed Custodian for XL Rent, Inc./ E Med Future, Inc. a Nevada corporation

 

/s/ Benjamin Berry                                                   

By: Benjamin Berry

Its: Managing Member

 

 

Signed before me this 21st day of January, 2021.

 

/s/ Bonnie J. Nerison                                               

Bonnie J. Nerison

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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Exhibit 2.83

 

 

 

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Exhibit 3.1

 

 

 

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Exhibit 4.1

 

E MED FUTURE, INC.

SUBSCRIPTION AGREEMENT

 

 

THIS INVESTMENT INVOLVES A HIGH DEGREE OF RISK. THIS INVESTMENT IS SUITABLE ONLY FOR PERSONS WHO CAN BEAR THE ECONOMIC RISK FOR AN INDEFINITE PERIOD OF TIME AND WHO CAN AFFORD TO LOSE THEIR ENTIRE INVESTMENT. FURTHERMORE, INVESTORS MUST UNDERSTAND THAT SUCH INVESTMENT IS ILLIQUID AND IS EXPECTED TO CONTINUE TO BE ILLIQUID FOR AN INDEFINITE PERIOD OF TIME. NO PUBLIC MARKET EXISTS FOR THE SECURITIES, AND NO PUBLIC MARKET IS EXPECTED TO DEVELOP FOLLOWING THIS OFFERING.

 

THE SECURITIES OFFERED HEREBY HAVE NOT BEEN REGISTERED UNDER THE SECURITIES ACT OF 1933, AS AMENDED (THE “ACT”), OR ANY STATE SECURITIES OR BLUE SKY LAWS AND ARE BEING OFFERED AND SOLD IN RELIANCE ON EXEMPTIONS FROM THE REGISTRATION REQUIREMENTS OF THE ACT AND STATE SECURITIES OR BLUE SKY LAWS. ALTHOUGH AN OFFERING STATEMENT HAS BEEN FILED WITH THE SECURITIES AND EXCHANGE COMMISSION (THE “SEC”), THAT OFFERING STATEMENT DOES NOT INCLUDE THE SAME INFORMATION THAT WOULD BE INCLUDED IN A REGISTRATION STATEMENT UNDER THE ACT. THE SECURITIES HAVE NOT BEEN APPROVED OR DISAPPROVED BY THE SEC, ANY STATE SECURITIES COMMISSION OR OTHER REGULATORY AUTHORITY, NOR HAVE ANY OF THE FOREGOING AUTHORITIES PASSED UPON THE MERITS OF THIS OFFERING OR THE ADEQUACY OR ACCURACY OF THE SUBSCRIPTION AGREEMENT OR ANY OTHER MATERIALS OR INFORMATION MADE AVAILABLE TO SUBSCRIBER. ANY REPRESENTATION TO THE CONTRARY IS UNLAWFUL.

 

PROSPECTIVE INVESTORS MAY NOT TREAT THE CONTENTS OF THE SUBSCRIPTION AGREEMENT, THE OFFERING CIRCULAR OR ANY OF THE OTHER MATERIALS RELATING TO THE OFFERING AND PRESENTED TO INVESTORS ON THE COMPANY’S WEBSITE OR PROVIDED BY THE BROKER (COLLECTIVELY, THE “OFFERING MATERIALS”) OR ANY PRIOR OR SUBSEQUENT COMMUNICATIONS FROM THE COMPANY OR ANY OF ITS OFFICERS, EMPLOYEES OR AGENTS (INCLUDING “TESTING THE WATERS” MATERIALS) AS INVESTMENT, LEGAL OR TAX ADVICE. IN MAKING AN INVESTMENT DECISION, INVESTORS MUST RELY ON THEIR OWN EXAMINATION OF THE COMPANY AND THE TERMS OF THIS OFFERING, INCLUDING THE MERITS AND THE RISKS INVOLVED. EACH PROSPECTIVE INVESTOR SHOULD CONSULT THE INVESTOR’S OWN COUNSEL, ACCOUNTANT AND OTHER PROFESSIONAL ADVISOR AS TO INVESTMENT, LEGAL, TAX AND OTHER RELATED MATTERS CONCERNING THE INVESTOR’S PROPOSED INVESTMENT.

 

THE OFFERING MATERIALS MAY CONTAIN FORWARD-LOOKING STATEMENTS AND INFORMATION RELATING TO, AMONG OTHER THINGS, THE COMPANY, ITS BUSINESS PLAN AND STRATEGY, AND ITS INDUSTRY. THESE FORWARD-LOOKING STATEMENTS ARE BASED ON THE BELIEFS OF, ASSUMPTIONS MADE BY, AND INFORMATION CURRENTLY AVAILABLE TO THE COMPANY’S MANAGEMENT. WHEN USED IN THE OFFERING MATERIALS, THE WORDS “ESTIMATE,” “PROJECT,” “BELIEVE,” “ANTICIPATE,” “INTEND,” “EXPECT” AND SIMILAR EXPRESSIONS ARE INTENDED TO IDENTIFY FORWARD-LOOKING STATEMENTS, WHICH CONSTITUTE FORWARD LOOKING STATEMENTS. THESE STATEMENTS REFLECT MANAGEMENT’S CURRENT VIEWS WITH RESPECT TO FUTURE EVENTS AND ARE SUBJECT TO RISKS AND UNCERTAINTIES THAT COULD CAUSE THE COMPANY’S ACTUAL RESULTS TO DIFFER MATERIALLY FROM THOSE CONTAINED IN THE FORWARD-LOOKING STATEMENTS. INVESTORS ARE CAUTIONED NOT TO PLACE UNDUE RELIANCE ON THESE FORWARD-LOOKING STATEMENTS, WHICH SPEAK ONLY AS OF THE DATE ON WHICH THEY ARE MADE. THE COMPANY DOES NOT UNDERTAKE ANY OBLIGATION TO REVISE OR UPDATE THESE FORWARD-LOOKING STATEMENTS TO REFLECT EVENTS OR CIRCUMSTANCES AFTER SUCH DATE OR TO REFLECT THE OCCURRENCE OF UNANTICIPATED EVENTS.

 

THE COMPANY MAY NOT BE OFFERING THE SECURITIES IN EVERY STATE. THE OFFERING MATERIALS DO NOT CONSTITUTE AN OFFER OR SOLICITATION IN ANY STATE OR JURISDICTION IN WHICH THE SECURITIES ARE NOT BEING OFFERED.

 

 

 

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THE INFORMATION PRESENTED IN THE OFFERING MATERIALS WAS PREPARED BY THE COMPANY SOLELY FOR THE USE BY PROSPECTIVE INVESTORS IN CONNECTION WITH THIS OFFERING. NO REPRESENTATIONS OR WARRANTIES ARE MADE AS TO THE ACCURACY OR COMPLETENESS OF THE INFORMATION CONTAINED IN ANY OFFERING MATERIALS, AND NOTHING CONTAINED IN THE OFFERING MATERIALS IS OR SHOULD BE RELIED UPON AS A PROMISE OR REPRESENTATION AS TO THE FUTURE PERFORMANCE OF THE COMPANY.

 

THE COMPANY RESERVES THE RIGHT IN ITS SOLE DISCRETION AND FOR ANY REASON WHATSOEVER TO MODIFY, AMEND AND/OR WITHDRAW ALL OR A PORTION OF THE OFFERING AND/OR ACCEPT OR REJECT IN WHOLE OR IN PART ANY PROSPECTIVE INVESTMENT IN THE SECURITIES OR TO ALLOT TO ANY PROSPECTIVE INVESTOR LESS THAN THE AMOUNT OF SECURITIES SUCH INVESTOR DESIRES TO PURCHASE. EXCEPT AS OTHERWISE INDICATED, THE OFFERING MATERIALS SPEAK AS OF THEIR DATE. NEITHER THE DELIVERY NOR THE PURCHASE OF THE SECURITIES SHALL, UNDER ANY CIRCUMSTANCES, CREATE ANY IMPLICATION THAT THERE HAS BEEN NO CHANGE IN THE AFFAIRS OF THE COMPANY SINCE THAT DATE.

 

Ladies and Gentlemen:

 

1. Subscription.

 

(a) The undersigned (“Subscriber”) hereby irrevocably subscribes for and agrees to purchase Common Stock (the “Securities”), of E Med Future, Inc., a Nevada corporation (the “Company”), at a purchase price of $0.05 per share of Common Stock (the “Per Security Price”), upon the terms and conditions set forth herein.

 

(b) Subscriber understands that the Securities are being offered pursuant to an offering circular (the “Offering Circular”) filed with the SEC as part of the Offering Statement. By executing this Subscription Agreement, Subscriber acknowledges that Subscriber has received this Subscription Agreement, copies of the Offering Circular and Offering Statement, including exhibits thereto, and any other information required by the Subscriber to make an investment decision.

 

(c) The Subscriber’s subscription may be accepted or rejected in whole or in part, at any time prior to a Closing Date (as hereinafter defined), by the Company at its sole discretion. In addition, the Company, at its sole discretion, may allocate to Subscriber only a portion of the number of Securities Subscriber has subscribed for. The Company will notify Subscriber whether this subscription is accepted (whether in whole or in part) or rejected. If Subscriber’s subscription is rejected, Subscriber’s payment (or portion thereof if partially rejected) will be returned to Subscriber without interest and all of Subscriber’s obligations hereunder shall terminate.

 

(d) The aggregate number of Securities sold shall not exceed 100,000,000 shares (the “Maximum Offering”). The Company may accept subscriptions until the termination date given in the Offering Circular, unless otherwise extended by the Company in its sole discretion in accordance with applicable SEC regulations for such other period required to sell the Maximum Offering (the “Termination Date”). The Company may elect at any time to close all or any portion of this offering, on various dates at or prior to the Termination Date (each a “Closing Date”).

 

(e) In the event of rejection of this subscription in its entirety, or in the event the sale of the Securities (or any portion thereof) is not consummated for any reason, this Subscription Agreement shall have no force or effect, except for Section 5 hereof, which shall remain in force and effect.

 

2. Purchase Procedure.

 

(a) Payment. The purchase price for the Securities shall be paid simultaneously with the execution and delivery to the Company of the signature page of this Subscription Agreement. Subscriber shall deliver a signed copy of this Subscription Agreement (which may be executed and delivered electronically), along with payment for the aggregate purchase price of the Securities by the methods listed in the Offering Circular such as, ACH electronic transfer or wire transfer to an account designated by the Company, or by any combination of such methods. 

 

 

 

 

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(b) No Escrow. The proceeds of this offering will not be placed into an escrow account. As there is no minimum offering, upon the approval of any subscription to this Offering Circular, the Company shall immediately deposit said proceeds into the bank account of the Company and may dispose of the proceeds in accordance with the Use of Proceeds.

 

3. Representations and Warranties of the Company.

 

The Company represents and warrants to Subscriber that the following representations and warranties are true and complete in all material respects as of the date of each Closing Date, except as otherwise indicated. For purposes of this Agreement, an individual shall be deemed to have “knowledge” of a particular fact or other matter if such individual is actually aware of such fact. The Company will be deemed to have “knowledge” of a particular fact or other matter if one of the Company’s current officers has, or at any time had, actual knowledge of such fact or other matter.

 

(a) Organization and Standing. The Company is a corporation duly formed, validly existing and in good standing under the laws of the State of Nevada. The Company has all requisite power and authority to own and operate its properties and assets, to execute and deliver this Subscription Agreement and any other agreements or instruments required hereunder. The Company is duly qualified and is authorized to do business and is in good standing as a foreign corporation in all jurisdictions in which the nature of its activities and of its properties (both owned and leased) makes such qualification necessary, except for those jurisdictions in which failure to do so would not have a material adverse effect on the Company or its business.

 

(b) Issuance of the Securities. The issuance, sale and delivery of the Securities in accordance with this Subscription Agreement have been duly authorized by all necessary corporate action on the part of the Company. The Securities, when so issued, sold and delivered against payment therefor in accordance with the provisions of this Subscription Agreement, will be duly and validly issued, fully paid and non-assessable.

 

(c) Authority for Agreement. The execution and delivery by the Company of this Subscription Agreement and the consummation of the transactions contemplated hereby (including the issuance, sale and delivery of the Securities) are within the Company’s powers and have been duly authorized by all necessary corporate action on the part of the Company. Upon full execution hereof, this Subscription Agreement shall constitute a valid and binding agreement of the Company, enforceable against the Company in accordance with its terms, except (i) as limited by applicable bankruptcy, insolvency, reorganization, moratorium, and other laws of general application affecting enforcement of creditors’ rights generally, (ii) as limited by laws relating to the availability of specific performance, injunctive relief, or other equitable remedies and (iii) with respect to provisions relating to indemnification and contribution, as limited by considerations of public policy and by federal or state securities laws.

 

(d) No filings. Assuming the accuracy of the Subscriber’s representations and warranties set forth in Section 4 hereof, no order, license, consent, authorization or approval of, or exemption by, or action by or in respect of, or notice to, or filing or registration with, any governmental body, agency or official is required by or with respect to the Company in connection with the execution, delivery and performance by the Company of this Subscription Agreement except (i) for such filings as may be required under Regulation A or under any applicable state securities laws, (ii) for such other filings and approvals as have been made or obtained, or (iii) where the failure to obtain any such order, license, consent, authorization, approval or exemption or give any such notice or make any filing or registration would not have a material adverse effect on the ability of the Company to perform its obligations hereunder.

 

(e) Capitalization. The authorized and outstanding securities of the Company immediately prior to the initial investment in the Securities is as set forth in “Securities Being Offered” in the Offering Circular. Except as set forth in the Offering Circular, there are no outstanding options, warrants, rights (including conversion or preemptive rights and rights of first refusal), or agreements of any kind (oral or written) for the purchase or acquisition from the Company of any of its securities.

 

 

 

 

  3  

 

 

(f) Financial statements. Complete copies of the Company’s financial statements consisting of the balance sheets of the Company given in the Offering Circular and the related statements of income, stockholders’ equity and cash flows for the two-year period then ended (the “Financial Statements”) have been made available to the Subscriber and appear in the Offering Circular. The Financial Statements are based on the books and records of the Company and fairly present in all material respects the financial condition of the Company as of the respective dates they were prepared and the results of the operations and cash flows of the Company for the periods indicated.

 

(g) Proceeds. The Company shall use the proceeds from the issuance and sale of the Securities as set forth in “Use of Proceeds to issuer” in the Offering Circular.

 

(h) Litigation. There is no pending action, suit, proceeding, arbitration, mediation, complaint, claim, charge or investigation before any court, arbitrator, mediator or governmental body, or to the Company’s knowledge, currently threatened in writing (a) against the Company or (b) against any consultant, officer, manager, director or key employee of the Company arising out of his or her consulting, employment or board relationship with the Company or that could otherwise materially impact the Company.

 

4. Representations and Warranties of Subscriber. By executing this Subscription Agreement, Subscriber (and, if Subscriber is purchasing the Securities subscribed for hereby in a fiduciary capacity, the person or persons for whom Subscriber is so purchasing) represents and warrants, which representations and warranties are true and complete in all material respects as of such Subscriber’s respective Closing Date(s):

 

(a) Requisite Power and Authority. Such Subscriber has all necessary power and authority under all applicable provisions of law to execute and deliver this Subscription Agreement and other agreements required hereunder and to carry out their provisions. All action on Subscriber’s part required for the lawful execution and delivery of this Subscription Agreement and other agreements required hereunder have been or will be effectively taken prior to the Closing Date. Upon their execution and delivery, this Subscription Agreement and other agreements required hereunder will be valid and binding obligations of Subscriber, enforceable in accordance with their terms, except (a) as limited by applicable bankruptcy, insolvency, reorganization, moratorium or other laws of general application affecting enforcement of creditors’ rights and (b) as limited by general principles of equity that restrict the availability of equitable remedies.

 

(b) Investment Representations. Subscriber understands that the Securities have not been registered under the Securities Act of 1933, as amended (the “Securities Act”). Subscriber also understands that the Securities are being offered and sold pursuant to an exemption from registration contained in the Securities Act based in part upon Subscriber’s representations contained in this Subscription Agreement.

 

(c) Illiquidity and Continued Economic Risk. Subscriber acknowledges and agrees that there is a limited public market for the Securities and that there is no guarantee that a market for their resale will ever exist. Subscriber must bear the economic risk of this investment indefinitely and the Company has no obligation to list the Securities on any market or take any steps (including registration under the Securities Act or the Securities Exchange Act of 1934, as amended) with respect to facilitating trading or resale of the Securities. Subscriber acknowledges that Subscriber is able to bear the economic risk of losing Subscriber’s entire investment in the Securities. Subscriber also understands that an investment in the Company involves significant risks and has taken full cognizance of and understands all of the risk factors relating to the purchase of Securities.

 

(d) Company Information. Subscriber understands that the Company is subject to all the risks that apply to early-stage companies, whether or not those risks are explicitly set out in the Offering Circular. Subscriber has had such opportunity as it deems necessary (which opportunity may have presented through online chat or commentary functions) to discuss the Company’s business, management and financial affairs with managers, officers and management of the Company and has had the opportunity to review the Company’s operations and facilities. Subscriber has also had the opportunity to ask questions of and receive answers from the Company and its management regarding the terms and conditions of this investment. Subscriber acknowledges that except as set forth herein, no representations or warranties have been made to Subscriber, or to Subscriber’s advisors or representative, by the Company or others with respect to the business or prospects of the Company or its financial condition.

 

 

 

 

  4  

 

 

(e) Valuation. The Subscriber acknowledges that the price of the Securities was set by the Company on the basis of the Company’s internal valuation and no warranties are made as to value. The Subscriber further acknowledges that future offerings of Securities may be made at lower valuations, with the result that the Subscriber’s investment will bear a lower valuation. 

 

(f) Domicile. Subscriber maintains Subscriber’s domicile (and is not a transient or temporary resident) at the address shown on the signature page.

 

(g) No Brokerage Fees. There are no claims for brokerage commission, finders’ fees or similar compensation in connection with the transactions contemplated by this Subscription Agreement or related documents based on any arrangement or agreement binding upon Subscriber.

 

(h) Issuer-Directed Offering; No Underwriter. Subscriber understands that the offering is being conducted by the Company directly (issuer-directed) and the Company has not engaged a selling agent such as an underwriter or placement agent.

 

(j) Foreign Investors. If Subscriber is not a United States person (as defined by Section 7701(a)(30) of the Internal Revenue Code of 1986, as amended), Subscriber hereby represents that it has satisfied itself as to the full observance of the laws of its jurisdiction in connection with any invitation to subscribe for the Securities or any use of this Subscription Agreement, including (i) the legal requirements within its jurisdiction for the purchase of the Securities, (ii) any foreign exchange restrictions applicable to such purchase, (iii) any governmental or other consents that may need to be obtained, and (iv) the income tax and other tax consequences, if any, that may be relevant to the purchase, holding, redemption, sale, or transfer of the Securities. Subscriber’s subscription and payment for and continued beneficial ownership of the Securities will not violate any applicable securities or other laws of the Subscriber’s jurisdiction.

 

5. Survival of Representations. The representations, warranties and covenants made by the Subscriber herein shall survive the Termination Date of this Agreement.

 

6. Governing Law; Jurisdiction. This Subscription Agreement shall be governed and construed in accordance with the laws of the State of Nevada.

 

7. Notices. Notice, requests, demands and other communications relating to this Subscription Agreement and the transactions contemplated herein shall be in writing and shall be deemed to have been duly given if and when (a) delivered personally, on the date of such delivery; or (b) mailed by registered or certified mail, postage prepaid, return receipt requested, in the third day after the posting thereof; or (c) emailed, telecopied or cabled, on the date of such delivery to the address of the respective parties as follows:

 

If to the Company, to:

 

E Med Future, Inc.

4054 Sawyer Road

Sarasota, FL 34233

 

If to a Subscriber, to Subscriber’s address as shown on the signature page hereto or to such other address as may be specified by written notice from time to time by the party entitled to receive such notice. Any notices, requests, demands or other communications by telecopy or cable shall be confirmed by letter given in accordance with (a) or (b) above.

 

8. Miscellaneous.

 

(a) All pronouns and any variations thereof shall be deemed to refer to the masculine, feminine, neuter, singular or plural, as the identity of the person or persons or entity or entities may require.

 

 

 

 

  5  

 

 

(b) This Subscription Agreement is not transferable or assignable by Subscriber.

 

(c) The representations, warranties and agreements contained herein shall be deemed to be made by and be binding upon Subscriber and its heirs, executors, administrators and successors and shall inure to the benefit of the Company and its successors and assigns.

 

(d) None of the provisions of this Subscription Agreement may be waived, changed or terminated orally or otherwise, except as specifically set forth herein or except by a writing signed by the Company and Subscriber.

 

(e) In the event any part of this Subscription Agreement is found to be void or unenforceable, the remaining provisions are intended to be separable and binding with the same effect as if the void or unenforceable part were never the subject of agreement.

 

(f) The invalidity, illegality or unenforceability of one or more of the provisions of this Subscription Agreement in any jurisdiction shall not affect the validity, legality or enforceability of the remainder of this Subscription Agreement in such jurisdiction or the validity, legality or enforceability of this Subscription Agreement, including any such provision, in any other jurisdiction, it being intended that all rights and obligations of the parties hereunder shall be enforceable to the fullest extent permitted by law.

 

(g) This Subscription Agreement supersedes all prior discussions and agreements between the parties with respect to the subject matter hereof and contains the sole and entire agreement between the parties hereto with respect to the subject matter hereof.

 

(h) The terms and provisions of this Subscription Agreement are intended solely for the benefit of each party hereto and their respective successors and assigns, and it is not the intention of the parties to confer, and no provision hereof shall confer, third-party beneficiary rights upon any other person.

 

(i) The headings used in this Subscription Agreement have been inserted for convenience of reference only and do not define or limit the provisions hereof.

 

(j) This Subscription Agreement may be executed in any number of counterparts, each of which will be deemed an original, but all of which together will constitute one and the same instrument.

 

(k) If any recapitalization or other transaction affecting the stock of the Company is effected, then any new, substituted or additional securities or other property which is distributed with respect to the Securities shall be immediately subject to this Subscription Agreement, to the same extent that the Securities, immediately prior thereto, shall have been covered by this Subscription Agreement.

 

(l) No failure or delay by any party in exercising any right, power or privilege under this Subscription Agreement shall operate as a waiver thereof nor shall any single or partial exercise thereof preclude any other or further exercise thereof or the exercise of any other right, power or privilege. The rights and remedies herein provided shall be cumulative and not exclusive of any rights or remedies provided by law.

 

[SIGNATURE PAGE FOLLOWS]

 

 

 

 

 

 

 

  6  

 

 

E Med Future, Inc.

 

SUBSCRIPTION AGREEMENT SIGNATURE PAGE

 

The undersigned, desiring to purchase Common Stock of E Med Future, Inc., by executing this signature page, hereby executes, adopts and agrees to all terms, conditions and representations of the Subscription Agreement.

 

(a)       The number of shares of Common Stock the undersigned hereby irrevocably subscribes for is:    
    (print number of Shares)
     
(b)       The aggregate purchase price (based on a purchase price of $0.01 per Share) for the Common Stock the undersigned hereby irrevocably subscribes for is:  
    (print aggregate purchase price)
     
     
     
    (print applicable number from Appendix A)
     
     
     
(c)       The Securities being subscribed for will be owned by, and should be recorded on the Company’s books as held in the name of:    
     
___________________________________________
(print name of owner or joint owners)

 

 

 

 

 

 

 

 

 

 

 

 

 

  7  

 

 

 

If the Securities are to be purchased in joint names, both Subscribers must sign:
 

 

__________________________________

 
Signature ___________________________________
  Signature
__________________________________  
Name (Please Print) ___________________________________
  Name (Please Print)
__________________________________  
Entity Name (if applicable)  
   
__________________________________  
Signatory title (if applicable)  
   
__________________________________ ___________________________________
Email address Email address
   
__________________________________ ___________________________________
Address Address
__________________________________ ___________________________________
   
__________________________________ ___________________________________
Telephone Number Telephone Number
   
__________________________________ ___________________________________
Social Security Number/EIN Social Security Number
   
__________________________________ ___________________________________
Date Date

 

* * * * *

 

This Subscription is accepted E Med Future, Inc.
on _____________, 2021  
  By:  
    Name:
    Title:

 

 

 

 

 

  8  

Exhibit 6.1

 

EMPLOYMENT AGREEMENT

 

EMPLOYMENT AGREEMENT by and between E Med Future, Inc. (the "Company" "Employer' and Gary Kompothecras (the "Employee' dated October 1, 2021.

 

1. Employment

 

Subject to the terms and conditions set forth in this Agreement, Employer hereby employs Employee, and Employee hereby accepts employment with Employer.

 

2. Duties and Responsibilities

 

Employee's title, duties, hours, and responsibilities shall be as determined, from time to time, by the Board of Directors and/or Management of the Company and Employee shall have the initial title of Chief Executive Officer and President. For as long as Employee is employed by Employer, Employee will competently perform as an employee in accordance with the duties, hours, and responsibilities assigned and the Employee will devote his/her full business time and energies to advance the business and welfare of Employer and will not engage in any other business enterprise without the prior written approval of the Board of Directors of Employer or its designee.

 

3. Place of Employment

 

During the term of this Agreement, Employee will not be required to undertake any duties or responsibilities that would make it necessary or desirable to move Employee's residence.

 

4. Compensation

 

As full compensation for all services rendered under this Agreement, Employee shall receive the salary and other benefits described as follows:

 

a)       Salary: $100,000 per year (per an approved bonus schedule) until the Company raises $1,000,000 in capital funding, at which time the Employee salary will be increased to $120,000 per year. In addition, Employee is eligible to participate in any bonus pools established by the Company (e.g. management compensation bonus pool, 5% of pretax profits, once the Company reaches profitability). The salary shall be that set from time to time by the Company.

 

b)       Other Benefits Employee shall, if otherwise eligible under the terms thereof, be eligible to participate in the company 's medical, dental, retirement or life insurance plans, if any, under the same terms and conditions as are applicable to other employees in similar capacities.

 

c)       Vacation Employee shall be entitled to 15 days vacation per year of work. Employer reserves all rights as to approval of the dates of such vacation.

 

5. Business Expenses

 

a)       Business Expenses as Employee Expense. Any and all expenses incurred by the Employee, without prior approval and agreement to reimburse on the part of Employer, including, but not limited to, expenses related to travel, car maintenance and gasoline, cell phone, and pagers, are expenses of the Employee. Employer may advance sums to Employee from time to time for reasonable business expenses incurred by Employee in promoting the business of Employer.

 

 

 

 

  1  

 

 

b)       Reimbursable Business Expenses. Employer may, in its sole discretion, agree to reimburse business expenses. The following requirements shall be met with respect to such reimbursable expenses:

 

(1) That all such expenditures are approved in advance by Employer or Designee in writing, and

 

(2) That Employee submit weekly itemized expense account data in the form required by Employee sufficient to substantiate a deduction for said pre-approved business expense under all applicable rules and regulations of federal and state taxing authorities.

 

6. Records and Accounts/Exclusive Property of Employer

 

All records relating in any manner whatsoever to the business of Employer or the customers or principals of Employer whether prepared by Employee or otherwise coming into his/her possession, shall be the exclusive property of Employer, regardless of who actually purchased, prepared, or acquired the original book or record. All such books and records shall be immediately returned to Employer by Employee upon termination of his/her employment hereunder of any reason. If Employee purchases any record, book, ledger, or similar item to be used of records keeping, Employee shall immediately notify Employer.

 

7. Term and Termination

 

a) The employment of the Executive by the Company shall terminate on the second anniversary of the Effective Date (the "Initial Term"), unless sooner terminated as hereinafter provided. Following the Initial Term, this Agreement shall be automatically renewed for successive additional one (1) year terms (each a "Renewal Term" and together with the Initial Term, the "Term"), unless either party gives prior written notice of non-renewal to the other party at least sixty (60) days prior to the termination date of the Initial Term or the then current Renewal Term, as applicable.. This employment contract shall terminate immediately and automatically for any of the following occurrences:

 

i.      Upon notice for cause, including but not limited to, the Employee's dishonesty in relations with or on behalf of Employer; or upon a material breach of this agreement by Employee; or violation in terms of Non-Disclosure Agreement entered into between Employer and Employee or between Employer and third parties.

 

ii.     The death of the Employee.

 

iii.   The legally adjudicated incompetence of the Employee.

 

b)       Protection of Confidential Information after Termination of Employment.

 

i.    Employee acknowledges that the sale of unauthorized use of, or disclosure of confidential information of Employer constitutes unfair competition. Employee promises and agrees not to engage in any unfair competition.

 

ii.    Employee shall not:

 

A.    Make known to any person, firm, or corporation the names or addresses of any of the customers or principals of Employer.

 

B.    For a period of three (3) years immediately following the termination of his/ her employment with the Employer, either directly or indirectly, solicit, or take away, or attempt to solicit, or take away any of the customers or principals of Employer either for him/herself of for any other person, firm, or corporation, by the use of confidential information obtained from Employer during his/her term or employment.

 

C.    Violate the terms of any non-disclosure agreement entered into by the Employee or by the Company .

 

 

 

 

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8. Restriction on Competitive Activity During Employment/Protection of Confidential Information/Conflict of Interests.

 

So long as Employee is employed by Employer, Employee shall not, unless specifically directed or authorized to do so in writing by the Board of the Directors directly or indirectly:

 

a)     Engage in any business or activities in competition in any manner whatsoever with the business of Employer.

 

b)    Call on, Solicit, or attempt to call on or solicit, any client or customer of Employer for the account of anyone other the Employer

 

c)     Reveal confidential information of either Employer or a principal to any individual, partnership, corporation, or association, including one in a business competitive with Employer in any manner whatsoever, other that as necessary and appropriate in the ordinary course of Employer's business. Confidential information includes but is not limited to, the names or addresses of any principal or customer of the Employer contact persons, purchasing of buying patterns, operating patterns, confidential technical information of a customer or principal, and/or any information subject to a non-disclosure agreement.

 

d)    Use or disclose any proprietary information or trade secrets of any former of concurrent employer or other person or entity, or bring onto the business premises of the Company any unpublished document or data or proprietary information belonging to any former of concurrent employer or other person or entity, or store any data evidencing any proprietary information or trade secrets of any former of concurrent employer or other person or entity in any computer which is used to store data of the Company or perform work for the Company. whether stand alone, or in network, and whether such computer is located on the business premises of the Company orelsewhere.

 

e)     Employee shall further execute and adhere to any Conflict of Interest Guidelines made available to Employee from time to time.

 

9. Inventions and Original Works

 

a)     Inventions/Original Works Retained and Licensed. Employee has completed and attached hereto a list describing all inventions, original works of authorship, developments, improvements, and trade secrets which were made by Employee prior to employment with the Company (collectively referred to as "Prior fnventionsil, which belong to Employee, which relate to the Company 's proposed business, products or research and development, and which are not assigned to the Company hereunder, or, if no such list is attached or the attached form titled "List of Prior Inventions and Original Works", Employee represents that there are no such Prior Inventions and acknowledges having none. If in the course of any employment with the Company , Employee incorporates into a Company product, process or machine a Prior Invention owned by Employee or in which Employee has, an ownership interest, the Company is hereby granted and shall have a nonexclusive, royalty free, irrevocable, ninety-nine (99) year worldwide license to make, have made, modify, use and sell such Prior Invention as part of or in connection with such product, process or machine, which license shall be confirmed, in a separate writing or writings at the request of Employer.

 

b)    Assignment of Inventions. Employee agrees that Employee will promptly make full written disclosure to the Company will hold in trust for the sole right and benefit of the Company. and hereby assign to the Company. or its designee, all Employee's right, title and interest in and to any and all inventions, original works of authorship, developments, concepts, improvements, designs, discoveries, ideas, trademarks or trade secrets, whether or not patentable or registrable under copyright or similar laws, which Employee may solely or jointly conceive or develop or reduce to practice, or cause to be conceived or developed or reduced to practice, during the period of time Employee is in the employ of the Company (collectively referred to as "Inventions'„ except as provided in below. Employee further acknowledges that all original works of authorship which are made by Employee (solely or jointly with others) within the scope of and during the period of employment with the Company and which are protectable by copyright are "works made for hire," as that term is defined in the United States Copyright Act. Employee understands and agrees that the decision whether or not to commercialize or market any invention developed by Employee solely or jointly with others is within the Company's sole discretion and for the Company's sole benefit and that no royalty will be due to Employee as a result of the Company's efforts or non-efforts to commercialize or market any such invention.

 

 

 

 

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c)     Inventions Assigned to the United States. Employee agrees to assign to the United States Government all Employee's right, title, and interest in and to any and all Inventions whenever such full title is required to be in the United States by a contract between the Comnan‘ and the United States or any of its agencies.

 

d)    Maintenance of Records. Employee agrees to keep and maintain adequate and current written records of all Inventions made by Employee (solely or jointly with others) during the term of employment with the Company. The records will be in the form of notes, sketches, drawings, and any other format that may be specified by the Company .

 

The records will be available to and remain the sole property of the Company at all times.

 

e)     Patent and Copyright Registrations. Employee agrees to assist the Company. or its designee, at the Company's expense, in every proper way to secure, protect and/or transfer the Company's rights in the Inventions and any copyrights, patents, mask work rights or other intellectual property rights relating thereto in any and all countries, including the disclosure to the Company of all pertinent information and data with respect thereto, the execution of all applications, specifications oaths, assignments, licenses, and all other instruments which the Company shall deem necessary in order to apply for and obtain such rights and in order to assign and convey to the Company, its successors, assigns, customers, purchasers and nominees the sole and exclusive rights, title and interest in and to such Inventions, and any copyrights, patents, mask work rights or other intellectual property rights relating thereto. Employee further agrees that his/her obligation to execute or cause to be executed, when it is in his/her power to do so, any such instrument or papers shall continue after the termination of this Agreement. if the Company is unable because of Employee's mental or physical incapacity or for any other reason to secure Employee's signature to apply for or to pursue any application for any United States or foreign patents or copyright registrations covering Inventions or original works of authorship assigned to the Company as above, then Employee hereby irrevocably designates and appoints the Company and its duly authorized officers and agents as his/her agent and attorney in fact, to act for and in his/her behalf and stead to execute and file any such applications and to do all other lawfully permitted acts to further the prosecution and issuance of letters patent or copyright registrations thereon with the same legal force and effect as if executed by Employee.

 

f)     Exception to Assignments. Employee understands that the provisions of this Agreement requiring assignment of Inventions to the Company do not apply to any invention which qualifies fully under the provisions of Texas Labor Code, e.g. an invention that the Employee developed entirely on his or her own time without using the employer's equipment, supplies, facilities, or trade secret information except for those inventions that either:

 

(1)    Relate at the time of conception or reduction to practice of the invention to the Employer's business, or actual or demonstrably anticipated research or development of the employer; or

 

(2)    Result from any work perfomled by the Employee for the Employer. Employee will advise the Company promptly in writing of any inventions that Employee believes meet s the criteria in Texas Labor Code and not otherwise disclosed.

 

10.      No Waiver

 

The waiver of a breach of any term or condition of this Agreement shall not be deemed to constitute the waiver of any further breach of such term or condition or the waiver of any other term or condition of this Agreement. Nothing contained in this Agreement shall be construed as prohibiting Employer from pursuing any other remedies available to it for any breach or threatened breach, including the recovery of money damages.

 

 

 

 

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11.      Severability

 

To the extent that the covenants and agreements set forth herein, or any portion thereof shall be found to be illegal or unenforceable of any reason, such word, clause, phrase, or sentence shall be modified or deleted in such a manner so as to make this Employment Contract as modified, legal and enforceable under applicable laws, and the balance of the covenants and agreements of the parties or parts thereof, shall not be affected thereby and shall remain in full force and effect.

 

12.     Assignment

 

This Agreement shall extend to and be binding on Employer and its successors and assigns. Except as otherwise provided herein, Employee's rights to receive payments pursuant to this Agreement shall be non-assignable.

 

13.      Specific Performance

 

The parties hereto agree that the services to be performed by Employee here under are of a special, unusual, and extraordinary character which gives them a unique value, and that in that in the course of said services , Employee will have access to and make use of various trade secrets and confidential information of Employer. Employees acknowledge that breach of any of his/her agreements pertaining to the protection of confidential information, whether by contract or by law, will result in irreparable and continuing damage to Employer for which there will be no adequate remedy at law. Accordingly, Employee agrees that Employer, in addition to any other rights and remedies which Employer may possess, shall be entitled to injunctive and other equitable relief to prevent misuse of confidential information.

 

14.      Controlling Law

 

This contract shall, in all respects be interpreted, constructed, and enforced according to the laws of the State of Texas. Any dispute arising under this agreement shall be heard in the Courts within the State of Texas.

 

15.      Amendment/Integration

 

Employee acknowledges and agrees that Employer has made no representations or offers other that those set forth herein. This contract is the final expression of the agreement between Employer and the Employee. This Contract may be amended at any time, but only by written instrument signed by the parties hereto. This Contract shall not under any circumstances be amended by implication. Non-Disclosure agreement(s) executed by the Employee shall be considered as addendum(s) hereto.

 

Copies and the Original. Facsimile and photocopies of this Agreement shall be deemed as valid as the original.

 

Signatures:

 

Employee

 

 

/s/ Gary Kompothecras                               

Gary Kompothecras

CEO and President

E Med Future, Inc.

 

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Exhibit 6.2

EMPLOYMENT AGREEMENT EtvfPLOYMENT AGREEMENT by and between E Med Future, Inc . (the "Company" "Employer' and Vincent Pavnc ¢ he "Employee' dated October \ 2021 . I. Employment Subject to the terms and conditions set forth in this Agreement, Employer hereby employs Employee, and Employee hereby accepts employment with Employer . 2. Duties and Responsibilities Employee's title, duties, hours, and responsibilities shall be as detem 1 ined, from time to time, by the Board of Directors and/or Management of the Companv and Employee shall have the initial title of Chief Executive Officer and President . For as longas Employee is employed by Employer, Employee will competently perform as an en 1 ployee in accordance with the duties, hours, and responsibilities assigned and the Employee will devote his/her full business time and energies to advance the business and welfare of Employer and will not engage in any other business enterprise without the prior written approval of the Board of Directors of Employer or its designee . 3. Place of Employment During the term of this Agreement, Employee will not be required to undertake any duties or responsibilities that would make it necessary or desirable to move Employee's residence . 4. Compensation As full compensation for all services rendered under this Agreement, Employee shall receive the salary and other benefits described as follows : a) Salruy : $ 100 , 000 per year (per an approved bonus schedule) until the Company raises $ 1 , 000 , 000 in capital funding, at which time the Employee salary will be increased to $ 120 , 000 per year . In addition, Employee is eligible to patticipate' in any bonus pools established by the Compmw ( e . g . management compensation bonus pool, 5 % of pretax profits, once the Companv reaches profitability) . The salary shall be that set from time to time by the Company . b) Other Benefits Employee shall, if otherwise eligible under the terms thereof, be eligible to participate in the company's medical, dental, retirement 01 · life insurance plans, if any, under the same terms and conditions as are applicable to other employees in similar capacities . c) Vacation Employee shall be entitled to 15 days' vacation per year of work . Employer reserves all rights as to approval of the dates of such vacation . 5. Business Expenses a) Business Expenses as Employee Expense . Any and all expenses incum : d by the Employee, without prior approval and agreement to reimburse on the part of Employer, including, but not limited to, expenses related to travel, car maintenance and gasoline, cell phone, and pagers, are expenses of the Employee . Employer may advance sums to Employee from time to time for reasonable business expenses incurred by Employee in promoting the business of Employer . b) Reimbursable Business Expenses . Employer may, in its sole discretion, agree to reimburse business expenses . The following requirements shall be met with respect to such reimbursable expenses : (I) That all such expenditures are approved in advance by Employer or Designee in writing, and

 
 

( 2 ) That Employee submit weekly itemized expense account data in the form required by Employee sufficient to substantiate a deduction for said pre - approved business expense under all applicable rules and regulations of federal and state taxing authorities . 6. Records and Accounts/Exclusive Property of Employer All records relating in any manner whatsbever to the business of Employer or the customers or principals of Employer whether prepared by Employee or otherwise coming into his/her possession, shall be the exclusive property of Employer, regardless of who actually purchased, prepared, or acquired the original book or record . All such books and records shall be immediately returned to Employer by Employee upon termination of his/her employment hereunder of any reason . If Employee purchases any record, book, ledger, or similar item to be used of records keeping, Employee shall immediately notify Employer . 7. Term and Termination a) The employment of the Executive by the Company shall terminate on the second anniversary of the Effective Date (the "Initial Term"), unless sooner terminated as hereinafter provided . Following the Initial Tenn, this Agreement shall be automatically renewed for successive additional one(]) year terms (each a "Renewal Term" and together with the Initial Term, the "Term"), unless either party gives prior written notice of non - renewal to the other party at least sixty ( 60 ) days prior to the termination date of the Initial Term or the then current Renewal Term, as applicable .. This employment contract shall terminate immediately and automatically for any of the following occurrences : L Upon notice for cause, including but not limited· to, the Employee's dishonesty in relations with or on behalf of Employer ; or upon a material breach of this agreement by Employee ; or violation in terms of Non Disclosure Agreement entered into between Employer and Employee or between Employer and third parties . ii. The death of the Employee. iii. The legally adjudicated incompetence of the Employee. b) Protection of Confidential Information after Termination ofEmploymcnt. i. Employee acknowledges that the sale of unauthorized use of, or disclosure of confidential information of Employer constitutes unfair competition . Employee promises and agrees not to engage in any unfair competition . ii. Employee shall not: A. Make known to any person, firm, or corporation the names or addresses of any of the customers or principals of Employer . B. For a period of three ( 3 ) years immediately following the termination of his/ her employment with the Employer, either directly or indirectly, solicit, or take away, or attempt to solicit, or take away any of the customers or principals of Employer either for him/herself of for any other person, firm, or corporation, by the use of confidential information obtained from Employer during his/her term or employment . C. Violate the terms of any non - disclosure agreement entered into by the Employee or by : th £ Companv . 8. Restriction on Competitive Activity During Employment/Protection of Confidential Information/Conflict of Interests.

 
 

So long as Employee is employed by Employer, Employee shall not, unless specifically directed or authorized to do so in writing by the Board of the Directors directly or indirectly: a) Engage in any business or activities in competition in any manner whatsoever with the business of Employer. b) Cal I on, Solicit, or attempt to call on or solicit, any client or customer of Employer for the account of anyone other the Employer 2 c) Reveal confidential information of either Employer or a principal to any individual, partnership, corporation, or association, including one in a business competitive with Employer in any manner whatsoever, other that as necessary and appropriate in the ordinary course ofEmployer's business . Confidential information includes bu! is not limited to, the names or addresses of any principal or customer of the Employer contact persons, purchasing of buying pattems, operating patterns, confidential technical information of a customer or principal, and/or any information subject to a non - disclosure agreement . · d) Use or disclose any proprietary infonnation or trade secrets of any fonner of concurrent employer or other person or entity, or bring onto the business premises of the Company any unpublished document or data or proprietary infomrntion belonging to any fonner of concmTent employer or other person or entity, or store any data evidencing any proprietaiy infonnation or trade secrets of any fonner of concurrent employer or other person or entity in any computer which is used to store data of the Companv or perfonn work for the Company . whether stand alone, or in network, and whether such computer is located on the business premises of the Company or elsewhere . e) Employee shall further execute and adhere to any Conflict oflnterest Guidelines made available to Employee from time to time . 9 . Inventions and Original Works a) Inventions/Original Works Retained and Licensed . Employee has completed and attached hereto a list describing all inventions, original works of authorship, developments, improvements, and trade secrets which were made by Employee prior to employment with the Companv (collectively refen·ed to as "Priorfnventions'l, which belong to Employee, which relate to the Comnany's proposed business, products or research and development, and which are not assigned to the Company hereunder, or, if no such list is attached or the attached form titled "List of Prior lnl'entions and Original Works' Employee represents that there are no such Prior Inventions and acknowledges having none . If in the course of any employment with the Companv , Employee incorporates into a Company product, process or machine a Prior Invention owned by Employee or in which Employee has, an ownership interest, the Company is hereby granted and shall have a nonexclusive, royalty free, irrevocable, ninety - nine ( 99 ) year worldwide license to make, have made, modify, use and sell sych Prior Invention as part of or in connection with such product, process or machine, which license shall be confirmed, in a separate writing or writings at the request ofEmployer . b) Assignment of Inventions . Employee agrees that Employee will promptly make full written disclosure to the Companv, will hold in trust for the sole right and benefit of the Cornpanv . and hereby assign to the Companv . or its designee, all Employee's right, title and interest in and to any and all inventions, original works of authorship, developments, concepts, improvements, designs, discoveries, ideas, trademarks or trade secrets, whether or not patentable or registrable under copyright or similar laws, which Employee may solely or jointly conceive or develop or reduce to practice, or cause to be conceived or developed or reduced to practice, during the period of time Employee is in the employ of the Company (collectively refeJTed to as "Inventions',, except as provided in below . Employee further acknowledges that all original works of authorship which are made by Employee (solely or jointly with others) within the scope of and during the period of employment with the Company and which are protectable by copyright are "works made for hire," as that tenn is defined in the United States Copyright Act . Employee understands and agrees that the decision whether or not to commercialize or market any invention deve . loped by Employee solely or jointly with others is within the Cornpanv's sole discretion and for the Comoanv's sole benefit and that no royalty will be due to Employee as a result of the Companv's efforts or non - efforts to commercialize or market any such invention .

 
 

c) Inventions Assigned to the United States . Employee agrees to assign to the United States Government all Employee's right, title, and interest in and to any and all Inventions whenever such full title is required to be in the United States by a contract between the Company and the United States or any of its agencies . d) Maintenance of Records . Employee agrees to keep and maintain adequate and current written records of all Inventions made by Employee (solely or jointly with others) during the tenn of employment with the Company . The records will be in the fom 1 of notes, sketches, drawings, and any other fonnat that may be specified by the Company . The records will be available to and remain the sole property of the Companv at all times . e) Patent and Copyright Registrations . Employee agrees to assist the Companv . or its designee, at the Companv's expense, in every proper way to secure, protect and/or transfer the Companv's rights in the Inventions and any copyrights, patents, mask work rights or other intellectual property rights relating thereto in any and all countries, including the disclosure to the Company of all pertinent information and data with respect thereto, the execution of all applications, specification oaths, assignments, licenses, and all other instruments which the Companv shall deem necessary in order to apply for and obtain such rights and in order to assign and convey to the Conmanv . its successors, assigns, customers, purchasers and nominees the sole and exclusive rights, title and interest in and to such Inventions, and any copyrights, patents, mask work rights or other intellectual property rights relating thereto . Employee further agrees that his/her obligation to execute or cause to be executed, when it is in his/her power to do so, any such instmment or papers shal, 1 continue after the tennination of this Agreement . If the Company is unable because of Employee's mental or physical incapacity or for any other reason to secure Employee's signature to apply for or to pursue any application for any United States or foreign patents or copyright registrations covering Inventions or original works of authorship assigned to the Company as above, then Employee hereby irrevocably designates and appoints the Company and its duly authorized officers and agents as his/her agent and attorney in fact, to act for and in his/her behalf and stead to execute and file any such applications and to do all other lawfully pennitted acts to further the prosecution and issuance of letters patent or copyright registrations thereon with the same legal force and effect as if executed by Employee . f) Exception to Assignments . Employee understands that the provisions of this Agreement requiring assignment of Inventions to the Companv do not apply to any invention which qualifies fully under the provisions of Texas Labor Code, e . g . an invention that the Employee developed entirely on his or her own time without using the employer's equipment, supplies, facilities, or trade secret infonnation except for those inventions that either : (1) Relate at the time of conception or reduction to practice of the invention to the Employer's business, or actual or demonstrably anticipated research or development of the employer ; or (2) Result from any work perfom 1 ed by the Employee for the Employer . Employee will advise the Cornnany promptly in writing of any inventions that Employee believes meet s the criteria in Texas Labor Code and not otherwise disclosed . 10. No Waiver The waiver of a breach of any te 1 m or condition of this Agreement shall not be deemed to constitute the waiver of any further breach of such term or condition or the waiver of any other tenn or condition of this Agreement . Nothing contained in this Agreement shall be construed as prohibiting Employer from pursuing any other remedies available to it for any breach or threatened breach, including the recovery of money damages . 11. Severability To the extent that the covenants and agreements set forth herein, or any portion thereof shall be found to be illegal or unenforceable of any reason, such word, clause, phrase, or sentence shall be modified or deleted in such a manner so as to make this Employment Contract as modified, legal and enforceable under applicable laws, and the balance of the covenants and agreements of the parties or parts thereof, shall not be affected thereby and shall remain in full force and effect .

 
 

12. Assignment This Agreement shall extend to and be binding on Employer and its successors and assigns . Except as otherwise provided herein, Employee's rights to receive payments pursuant to this Agreement shall be non - assign able . 13. Specific Performance The parties hereto agree that the services to be perfo 1 med by Employee here under are of a special, unusual, and extraordinary character which gives them a unique value, and that in that in the course of said services, Employee will have access to and make use of various trade secrets and confidential information of Employer . Employees acknowledge that breach of any of his/her agreements pertaining to the protection of confidential information, whether by contract or by law, will result in irreparable and continuing damage to Employer for which there will be no adequate remedy at law . Accordingly, Employee agrees that Employer, in addition to any other rights and remedies which Employer may possess, shall be entitled to injunctive and other equitable relief to prevent misuse of confidential information . 14. Controlling Law This contract shall, in all respects be interpreted, constructed, and enforced according to the laws of the Stale of Texas . Any dispute arising under this agreement shall be heard in the Courts within the State of Texas . 15. Amendment/Integration Employee acknowledges and agrees that Employer has made no representations or offers other that those set forth herein . This contract is the final expression of the agreement between Employer and the Employee . This Contract may be amended at any time, but only by written instrument signed by the parties hereto . This Contract shall not under any circumstances be amended by implication . Non - Disclosure agreement(s) executed by the Employee shall be considered as addendum(s) hereto . Copies and the Original . Facsimile and photocopies of this Agreement shall be deemed as valid as the original .

 

Exhibit 6.3

 

"Man In White Van"

-Production Service Agreement

 

This agreement memorializes the material terms entered into as of March 5, 2021 ("Effective Date") by and between Gary Kompothecras ("Member/Financer") and Brooksville Project, LLC (a Florida limited liability company) ("Production Company") on the one hand and Legion M Entertainment, Inc. (a Delaware corporation) ("Manager") on the other hand, in regard to each parties' rights and duties concerning the production and distribution of the motion picture titled "The Man In The White Van" written by Warren Skeels and Sharon Y. Cobb ("the Picture").

 

1.                  Single Purpose Production Services Entity: The parties acknowledge and recognize that Brooksville Project, LLC (hereinafter "Production Company") has been created as a single purpose production services entity for the production of producing and commercially exploiting the Picture. The parties understand that Member/Financier shall hold One Hundred Percent (100%) membership interest in the Production Company and Manager shall hold no membership interest or financial interest in the Production Company or the Picture (other than the profit participation expressly set forth as part of the compensation for the Manager's management of the Production Company). Manager shall serve as the Manager of the Production Company responsible for all day-to-day business matters of the Production Company and overseeing the production services necessary for satisfactorily delivering the Picture for ultimate distribution. TERRI LUBAROFF and PAUL SCANLAN are hereby designated by Legion M Entertainment as its specific representatives in its capacity as Manager of the Production Company with signatory power as Manager of the Production Company. The Brooksville Project, LLC Operating Agreement shall be amended and revised to reflect that Legion M Entertainment, Inc. is designated as the Manager of Brooksville Project, LLC for the duration of the pre-production, production and post-production of the Picture unless Member/Financier desires to extend this designation in his sole discretion (however all rights conveyed unto Legion M Entertainment, Inc. including but not limited to the right to profit participation and its attachment to Subsequent Productions shall survive beyond this Agreement and Legion M Entertainment Inc.'s designation as Manager of Production Company). To the extent that the Production Company's Operating Agreement conflicts with any provision of this Production Services Agreement this Production Services Agreement shall govern the rights and duties of the parties in relation to each other.

 

2.                  Monetary Contribution of Member/Financier: Member/Financer is responsible for financing the Picture pursuant to the budget developed by Manager subject to the approval of Member/Financer. Member/Financer shall deposit all monies necessary to fully fund the Budget into an interest-bearing escrow account (Escrow Account) established by the Production Company which shall exist only for the purpose of disbursing funds for the Picture via appropriate tranches into a separate Production Company general operating account ("General Operating Account") for the Picture as necessary and established by a cash flow schedule that shall be mutually approved by Manager and Member/Financer. Member/Financier (and/or his express designee) shall be the sole signatory on Production Company's Escrow Account and Manager shall be the sole signatory on the Production Company's General Operating Account. In the event the Picture encounters any cost overruns and overages in excess of the Picture's budget that were not pre-approved by Member/Financier, Member/Financer and Manager shall work together in good faith to find solutions for paying such cost overruns. To the extent any union or other third-party entity requires a guarantor for the obligations of Production Company, Member/Financier shall serve as the guarantor provided Member/Financer is alerted of this obligation in advance and has the opportunity to review and comment on any agreement which seeks to obligated Member/Financier in this fashion.

 

3.                  Production Services Function: Until Member/Financier is otherwise notified in writing by Manager, Terri Lubaroff shall serve as the primary designee of Legion M Entertainment, Inc. responsible for managing and overseeing all day-to-day operations of the Production Company consistent with the reasonable and lawful directives and instructions of Member/Financier which are consistent with Member/Financier's pre-approved Picture budget. Manager must obtain Member/Financier's prior approval before replacing Lubaroff as the primary designee. Manager shall negotiate and enter all production contracts and agreements on behalf of Production Company in a fashion consistent with the directives of the Member/Financier. In addition to overseeing all traditional production services, Manager shall also be specifically responsible for overseeing adherence of all Anti Discrimination/Anti-Harassment policies and COVID-19 Compliance Policies on behalf of the Production Company.

 

 

 

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4.                  Creative & Business Decisions: The Picture's budget as of April_, 2021 has been approved by the Member/Financer. Any changes to the Picture's budget must be approved by the Member/Financer. All creative decision-making issues normally performed by a motion picture producer (other than those that will result in additional budget overages not accounted for by the Picture budget approved by Member/Financier) and all routine customary decisions related to ordinary business operations of the production consistent with the responsibilities of a Production Company, shall be rendered by Manager. Member/Financier shall hold all the final approval over all financial decisions concerning matters that will affect the Picture's budget (in other words Member/Financier has final approval of all key elements, including: cast, key department heads, the final approved budget, the shooting schedule, the location of the shoot and any other matter that has a material financial consequence in regard to the Picture; in the event any material change to these elements must be re-approved by Member/Financier) or which are not a part of ordinary business operations of a Production Company. Warren Skeels is the Director of the Picture and can only be removed by mutual approval of the Member/Financier and the Manager. The Director may also be delegated traditional creative rights that are afforded to a motion picture director and which are reserved for him pursuant to the terms of the Directors Guild of America's Collective Bargaining Agreement that are applicable to the Picture.

 

5.                  Selection of Sales Agents & Distributors: Manager shall be primarily responsible for procuring sales agents and distributors for the Picture subject at all times to Member/Financier's ultimate approval of each sales agent and/or distributor. Manager shall also be primarily responsible for securing the services of a Collection Account Manager (i.e. Freeway Entertainment) for the distribution of union mandated residuals and other revenue waterfall payments to any Member/Financier approved profit participants.

 

6.                  Picture Ownership, Copyright Ownership & Revenue Proceeds: The Production Company shall own all rights, title, and interest in and to the Picture and the results and proceeds of production of the Picture, including all copyrights, which shall be held entirely in the name of the Production Company for which Member/Financier shall be entitled to all revenues and proceeds with the exception of the portion of revenues which have been expressly contractually granted via this MOU and where contractually granted with Member/Financier's approval to designated cast, key crew, producers and other designated third parties mutually identified by Manager Member/Financer.

 

a.                   Manager's Result & Proceeds: All of Manager's workproduct and efforts are deemed "work made for hire" on behalf of Production Company and for the ultimate benefit of PRODUCTION COMPANY. And to the extent any such workproduct is not deemed work made for hire, Manager grants to Member/Financer exclusively and perpetually, all now or hereafter existing rights of every kind and character whatsoever, and the complete unencumbered title throughout the universe in and to: (a) Manager's Services pursuant to this Agreement; and (b) any and all results and proceeds thereof, including without limitation, any and all literary, dramatic and musical material, suggested or otherwise contributed by Manager hereunder, and Member/Financer shall be the sole and exclusive owner of Manager's original ideas, ifany, incorporated into the Picture and all copyrights (and extensions and renewals thereof) in all of the foregoing ("Proceeds"), and Member/Financer shall have the exclusive right in perpetuity to use, exploit, advertise, promote, market, exhibit and otherwise turn to account any or all of the foregoing in any and all media and end user devices, whether now known or hereafter devised, throughout the universe, in all languages, as Member/Financer, in its sole discretion, shall determine, whether in connection with the Picture or in connection with any of Member/Financer's products or services (or the products and services of Member/Financer's assignees or licensees), and the right to use any or all of the foregoing in connection with merchandise, sound recordings, commercial and promotional tie-ins and any partnership marketing campaigns, provided, however, that in no event shall Manager be depicted as endorsing any product, commodity or service without Manager's prior written consent and pursuant to good faith negotiations with Manager for such endorsements. Any such Proceeds contributed by Manager are intended by Manager and Member/Financer to be a "work made for hire" by the Manager pursuant to Section 201 of Title 17 of the United States Code. In the event any such Proceeds are determined not to be a "work made for hire," then Manager hereby exclusively and irrevocably assigns to Member/Financer in perpetuity, all rights (including without limitation, all copyrights and renewals and extensions thereof) in and to such Proceeds. The termination of this Agreement for any reason shall not affect Member/Financer's ownership of the Proceeds of Manager's Services hereunder or alter any warranty, representation, covenant or undertaking on the part of Manager hereunder.

 

b.                  Excluded Rights: Member/Financier hereby grants to Manager an exclusive, sub-licensable license for the Picture for all merchandising and sound recordings subject to a Fifty Percent (50%) profit participation granted back to Member/Financier from any actual net profits ("Net Profits") that Manager generates from merchandising or sound records related to the Picture (the "License"). "Net Profits" shall be defined as 100% of all Gross Receipts less Expenses. "Gross Receipts" shall mean all cash revenues received by or credited to Legion attributable to the License. "Expenses" shall be defined as the actual and verifiable cost of development, production, marketing and licensing of goods sold ("COGS"), and the actual and verifiable cost of directly attributed labor, inventory, shipping, handling, taxes, interest, returns, refunds, discounts and fees ("Fulfillment"). Such expenses shall be listed in all royalty reports for transparency. For the purpose of clarity, if Gross Receipts are $20, and Expenses are $10, Net Profits would be $10, and Member/Financier and Manager would each be entitled to Fees of $5.

 

 

 

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c.                   Waiver of Droit Moral: Manager hereby waives the benefits of any provision of law known as "droit moral" or any similar rights which it may have in any country of the world and Manager agrees that she will not institute, support, maintain, authorize or consent to any action or lawsuit on the ground that any audio-visual program or other version of the Picture or material contained in the Picture or any episode thereof produced or exhibited by Member/Financer, its assignees or licensees, in any way constitutes an infringement of Manager's "droit moral."

 

d.                   Name & Likeness Release: Manager grants to Member/Financer the perpetual right to use and license others to use Manager's corporate name (as well as the name of the primary designee and any other employees of Manager that are granted credit on the Picture), as well as Manager's trademark logo and any photographs and/or likenesses of Manager (or its employees who are credited on the Picture subject to Manager's prior written approval of the same), and pre-approved biographical material on Legion M (or its employees who are credited in the Picture) in connection with the marketing, advertising, publishing, promotion or other exploitation of the Picture or any portion thereof in any medium including, without limitation, any audio-visual program produced from or utilizing the Picture, and in connection with any of the rights to use any of the foregoing in connection with any limited merchandising which Manager permits Production Company or its successors and assigns to exploit (subject to good faith negotiations and written approval of Manager), commercial and promotional tie-ins and any partnership marketing campaigns, provided, however, that in no event shall Manager (or any of its employees) be depicted as endorsing any product, commodity or service without Manager's prior written consent and the consent of any applicable individual employee of Manager.

 

e.                   Manager's Assurance to Obtain Grant of Rights from Others: Manager further warrants that it shall take steps to ensure that all agreements with cast, crew and other third-party vendors that enter contracts with Production Company will include .a Rights Grant in favor of Production Company and to ensure that the Picture properly secures all customary and proper rights grants and releases from all cast, crew and third-party vendors.

 

7.                  Manager Compensation: In exchange for performance of all duties associated with overseeing and managing the Production Company, Manager Legion M Entertainment, Inc. shall receive for itself and the services of its designated representatives the following compensation on a pay or play basis and subject only to the suspension and termination provisions set forth in the Production Company's standard terms governing force majeure events that may cause an actual suspension or termination of the Picture:

 

a.                      Pre-Production & Production Fee: Compensation in the amount of $200,000 for Manager's services ("Production Services Fee"), commencing upon the start of Pre-Production and continuing through Principal Photography payable in 5 installments as follows: 10% upon commencement of services, 10% upon commencement of pre-production, 60% upon commencement of principal photography, 10% upon completion of principal photography, 10% upon completion of post-production/delivery. Notwithstanding the above, the Manager's budget for the Picture will categorize the Production Services Fee as $75,000 for Legion M, $75,000 for Terri Lubaroff and $50,000 for marketing, with "marketing" defined by the parties per Exhibit B attached hereto (see Legion M Marketing Expense Guideline).

 

b.                    Post-Delivery Fee: For any services rendered after Delivery of the Picture to the applicable distributor or exhibitor ("Exhibitor"), if required by Financier/Member and subject to Manager's availability, Manager shall be compensated in the amount of One Thousand Five Hundred Dollars ($1,500) per week, pro rated for partial weeks worked.

 

c.                    Profit Participation: Manager shall receive 15 % of I 00% of the actual profits earned by Production Company from the Picture with no deductions, pursuant to the ultimate Revenue Waterfall which shall be attached as Exhibit A of this Agreement and which shall be mutually agreed upon by Manager and Member/Financer (and as amended to account for other subsequent participants). Legion M Entertainment shall be granted on a most favored nations basis the same definition for profit participation and/or box office bonuses as that accorded to any other participant on the Picture.

 

d.                  Subsequent Productions: Provided Manager (or its successors and assigns) has not been terminated under the provisions of section 8 or section 9 at the time Production Company (or its successors and assigns) and/or Member/Financier (or his successor and assigns) decides to produce a sequel, prequel, remake or other derivative work (such as a television spin-off), Manager (or its successors and assigns) shall be entitled to serve as the Production Services Company for the Subsequent Production for compensation to be negotiated in good faith but in no event less than the Compensation and other benefits provided in this Agreement if the Subsequent Production is a feature film, and if contemplated as a television series or other type of media, Member/Financier and Manager shall negotiate Manager's fees in good faith and within the parameters of Manager's customary fees for such work. Manager shall thereafter be entitled to perform the same role in each consecutive Subsequent Production provided Manager was actively employed in the immediate prior production.

 

 

 

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8.                  Termination of Manager: In the event Manager is in material uncured breach of its obligations hereunder, Member/Financer on behalf of Production Company shall have the right to terminate Manager's services. Uncured breach means Member/Financier has provided Manager with written notice of a breach of this Agreement accompanied by express instructions as to how to cure the breach and Manager fails to so cure the breach within 5 days (reduced to 48 hours when exigent circumstances exist during times of principal photography demand immediate cure). Upon termination, neither Production Company nor Member/Financer shall have any further obligations to Manager hereunder, other than the obligation to render Manager and its designees their contractual credits (which may be shared in the event others are required to be brought in to finish the assignment), in addition Production Company and Member/Financier shall continue to have the obligation to pay any compensation or other monetary consideration that has accrued in favor of Manger (or its employees) and has yet to be paid as of the date of termination.

 

9.                  Moral Turpitude/Personal Conduct: In the event Manager should objectively be determined to engage in Moral Turpitude, Member/Financier shall have the right to terminate Manager (and/or any of Manager's employees working and credited on the Picture). Moral Turpitude shall be defined as malfeasance or other actions wherein: . (a) such conduct results in a criminal conviction or guilty plea of Manager (or one of its key designees that is closely tied to Manager and that person's actions are deemed inextricably linked to Manager) or (b) such act or failure to act, causes actual public disrepute, scorn and/or ridicule toward Production Company, Member or Distributors. In the event of Moral Turpitude, Member/Financer may, in addition to and without prejudice to any other rights or remedies of any kind or nature set forth herein or otherwise, terminate Manager's Services at any time after the occurrence of any such event, and further, Member/Financer may, with or without terminating this Agreement, delete any credit theretofore accorded to Manager (or any of its employees to the extent applicable) in connection with the Picture.

 

10.              Credits: Provided Manager has substantially performed all material obligations hereunder, Manager and its designated representative shall receive the following credits: Terri Lubaroff shall receive credit as Producer on a single card in the main titles and end titles of said picture, on the card directly before the Director's credit and after the card(s) for any other full producer credits, on a most favored nations basis as to size, placement, duration, and all other aspects, as well as in all paid ads in analogous and otherwise customary position. In addition, Manager shall name up to four (4) others who shall receive executive producer credit on a minimum of a single card in the main titles and end titles of said picture, adjacent to the card(s) for any other full executive producer credits, on a most favored nations basis as to size, placement, duration, and all other aspects, as well as in all paid ads in analogous and otherwise customary position. In addition. Legion M Entertainment shall receive animated logo credit and "Presented by Legion M" production company credit second onlv to Member/Financier and the Picture's distributor, with placement on a single card in the main titles and end titles of said picture, adjacent to the card(s) for any other full production company credits, on a most favored nations basis as to size, placement, duration, and all other aspects, as well as in all paid ads in analogous and otherwise customary position, with inclusion of Manager's company logo in all paid ads, trailers, commercial tie-ups, etc.

 

a.                On Screen: All credits referenced above shall appear in the main titles of the Picture (if the credit for the director is listed in the main titles, otherwise in the end titles), on a single card, on the card prior to the card for the director, in an average size of type no less than the average size of type used to accord credit to any other non-cast individual credit. The Legion M Entertainment "presentation credit" shall appear in the main title credits and the animated logo for Legion M Entertainment which shall be provided by Legion M Entertainment at no cost to Member/Financier.

 

b.               Paid Ads: The above referenced credits shall also appear in the billing block in all paid advertisements and other uses of the billing block (including without limitation DVD and soundtrack box art, if any) for the Picture (collectively "Paid Ads") under the direct control of Production Company and/or Member/Financer, with Manager's Key Man producing credits appearing among the other named producers, subject to the customary exclusions of the distributor(s) of the Picture and Excluded Ads (defined below), in an average size of type no less than the average size of type used to accord credit to any other individual producer.

 

c.             No Casual Breach: No casual or inadvertent failure by Production Company and/or Member/Financer or any third party to accord credit to Manager or its Key Man shall be deemed a breach of this Agreement. Upon Member/Financer's receipt of written notice from Manager specifying any failure by Member/Financer to provide the credit required hereunder, Member/Financer shall take reasonable measures to correct such failure with respect to prints, tapes or other materials manufactured thereafter. Under no circumstances shall Member/Financer be required to recall any prints, tapes or advertising materials. But, Member/Financer shall take steps to prospectively cure where financially practicable.

 

 

 

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11.              Travel and Accommodations. If Member/Financer requires Manager to travel more than 75 miles from Manager's principal place of residence to render Services in connection with the Picture ("Location"), Member/Financer will provide Manager with up to three (3) round-trip business-class air transportation between Manager's principal place of business in Los Angeles or San Francisco, California and the Location, or other transportation as mutually agreed upon by Manager and Member/Financer. While Manager's Services are required on Location, Production Company and Member/Financer will provide Manager's three (3) designees with hotel accommodations (room and tax only), ground transportation to and from the airports and to and from the sets and a non-accountable expense allowance (per diem) of Sixty Dollars ($60) per day. Such per diem shall be in lieu of reimbursement for any and all meals and all other incidental living expenses ("Travel and Accommodations"). if there is room in the budget of the Picture, Member/Financier may, in its sole discretion, provide up to two (2) additional Travel and Accommodations to Manager's team.

 

12.              Representations & Warranties: Each party represents and warrants that it/he: (a) is fully authorized to enter this agreement and suffers no disability or prior contracting restriction which would prevent entering this Agreement or performance of each parties respective obligations under it; (b) all contributions to the Picture, including all creative works and intellectual property, shall not infringe, defame or otherwise violate the rights of any other third party; and (c) in the event, any action by one party leads to the other party being named in a lawsuit wherein the said other party was not involved in any wrongdoing leading to the lawsuit, the wrongdoing party shall indemnify and defend the other party. Notwithstanding this promise to indemnify, Manager's liability for such indemnification shall be limited to lesser of either: (i) Manager's entire earnings received from the Picture or (b) the amount of the insurance deductible tied to the claim for which insurance coverage may exist.

 

13.              Insurance: Manager shall be responsible for obtaining all customary and traditional insurance coverage for Production Company and the Picture, including, workers compensation insurance, general comprehensive liability insurance and errors and omissions insurance, at Member/Financier expense. Manager and its designees shall be named as an additional insured on the general liability and errors and omissions insurance policies in connection with the Picture, subject to the limitations, restrictions, and terms of said policies.

 

14.              Confidentiality/Publicity: All information about this Agreement and the Picture shall be deemed to be confidential, private, secret and sensitive and shall be kept confidential and secret (any and all such information shall be referred to herein collectively as the "Confidential Information.") All Publicity and Press Releases must first be mutually approved in writing by the parties. Notwithstanding the above, nothing in this provision is intended to prevent either party from revealing information to their shareholders, agents, attorneys, and tax advisors or where otherwise required by government entities, court order or law enforcement. Member/Financier expressly recognizes that Manager is a publicly reporting company and any unauthorized press release by Member/Financier without the express written approval of Manager may lead to substantial actual and consequential damages for Manager.

 

15.              Remedies/No Injunctive Relief: Manager and its designees hereby expressly recognize that in the event of a breach of this Agreement (regarding credit or otherwise), said damages are not irreparable and may be remedied by an action for monetary damages. Therefore, Manager shall not be deemed irreparably injured to entitle Manager and/or its Key Man designees to seek injunctive or other equitable relief against the distribution or exploitation of the Picture; rather Manager shall only be entitled to seek money damages, if any. Notwithstanding the above, in the event Member/Financier engages in unauthorized press releases or other public statements in violation of section 14 above, Manager shall in that circumstance be entitled to seek injunctive relief in regard to publication of such statements.

 

16.                 Entire Agreement/Arbitration/Governing Law/Interpretations: This agreement constitutes the entire understanding and binding promises of both parties and may not be changed except by written agreement signed by both parties and replaces all prior or contemporaneous deal memos, agreements, and/or understandings wither oral or written. The respective obligations are personal and non-assignable except that either party shall be entitled to assign a portion of the proceeds payable to it/him upon written notice of the same. This agreement shall be governed and interpreted in accordance with the laws of the state of Florida. Section headings are included solely for the convenience of the reader and not intended for interpretation of this document. Any and all disputes, differences and disagreements arising between the parties hereunder shall be settled by arbitration under the rules of the ADR Services (or any other mutually agreed upon arbitration society selected by the parties) with said arbitration to occur in Florida (however, the arbitration may be conducted by tele-video conferencing technologies (e.g. ZOOM) for the convenience of any arbitrator, attorney, party or witness for the proceedings). The arbitrator shall render a written decision in accordance with the prevailing law and precedents governing such decisions and the prevailing party as determined by the arbitrator shall be entitled to recovery of all legal costs. Any arbitration judgment may be entered thereon in any court of competent jurisdiction.

 

 

 

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AGREED: Do not sign until you have read and understand this Agreement. This Agreement shall be deemed executed as of the Effective Date listed above:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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Exhibit 6.4

 

SECURITIES PURCHASE AGREEMENT

 

This SECURITIES PURCHASE AGREEMENT, dated as of February 22th, 2021 (this "Agreement") is entered into by and among Synergy Management Group, LLC a Wyoming Corporation (the "Shareholder"), and Kompo Family Company, LLC (the "Purchaser"). The parties, intending to be legally bound, hereby agree as follows:

 

WHEREAS, the Shareholder and Purchaser are executing and delivering this Agreement in reliance upon the exemption from securities registration afforded by the rules and regulations promulgated by the United States Securities and Exchange Commission (The "SEC") under the Securities Act of 1933, and amended (the "1933 Act");

 

WHEREAS, the Shareholder desires to issue and sell to Purchaser upon the terms and conditions set forth herein, and Purchaser desires to purchase from Shareholder Fifteen (15) Special 2021 series A preferred shares (convertible at 1 into 10,000,000 common shares, and super voting rights of 60% of all votes), of XL RENT, INC., a Nevada corporation and traded publicly under the symbol EMDF (the "Shares")(the "Transaction"); and

 

NOW, THEREFORE, in consideration of the mutual promises herein made, and in consideration of the representations, warranties and covenants herein contained, the Shareholder and Purchaser agree as follows:

 

1.                       Purchase of the Shares. On the Closing Date, subject to the terms and conditions of this Agreement, Shareholder hereby agrees to sell to Purchaser and Purchaser hereby agrees to purchase from Shareholder, the Shares.

 

2.                       Purchase Price. The Purchase Price for the Eighty Five thousand ($85,000) dollars (the "Purchase Price"). The Purchase Price shall be payable through a wire transfer.

 

3.                       Closing; Closing Date. Subject to the satisfaction (or written waiver) of the conditions thereto set forth herein, the date and time of the Closing of the Transaction shall be on or before 12:00 noon, Eastern Standard Time, no more than five (5) days following the execution of this agreement — February 11, 2021 (the "Closing Date"). The closing of the transactions contemplated by this Agreement (the "Closing") shall occur on the Closing Date at such location as may be agreed to by the parties. At Closing, upon receipt of the Purchase Price from the Purchaser, the Shareholder shall cause to be delivered to the Purchaser one or more stock powers bearing medallion guarantees evidencing the Shares to the Purchasers or its nominees.

 

4.                       Representations and Warranties of Shareholder. Shareholder hereby represents and warrants to Purchaser in the First Closing that the statements contained in the following paragraphs of this Section 4 are all true and correct as of the date of this Agreement and the Closing Date:

 

  a. Corporate Power. Shareholder has all requisite legal and corporate power to enter into, execute, deliver and perform this Agreement of even date herewith between Shareholder and Purchaser. This Agreement has been duly executed by the Shareholder and constitute the legal, valid and binding obligations of Shareholder, enforceable in accordance with their terms, except as the same may be limited by (i) bankruptcy, insolvency, moratorium, and other laws of general application affecting the enforcement of creditors' rights and (ii) limitations on the enforceability of the indemnification provisions of the Registration Rights Agreement as limited by applicable securities laws.

 

  b. Authorization.

 

i. Corporate Action. All corporate and legal action on the part of Shareholder, its officers, directors and shareholders necessary for the execution and delivery of this Agreement, the EMDF Shares, and the performance of Shareholder's obligations hereunder have been taken.

 

 

 

 

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ii. Valid Issuance. The Preferred Share(s) are duly and validly issued, fully paid and nonassessable, free and clear of all liens and encumbrances; provided, however, that the Preferred Share(s), and any securities into which it may be converted, may be subject to restrictions on transfer under state and/or federal securities laws as set forth herein, and as may be required by future changes in such laws.

 

  c. Government Consent, Etc. No consent, approval, order or authorization of, or designation, registration, declaration or filing with, any federal, state, local or other governmental authority on the part of Shareholder is required in connection with the valid execution and delivery of this Agreement and Note other than, if required, filings or qualifications under the Nevada Securities Act, as amended (the "Nevada Law"), or other applicable blue sky laws, which filings or qualifications, if required, will be timely filed or obtained by Shareholder. The execution, delivery and performance of the Agreement by the Shareholder and the consummation by the Shareholder of the transactions contemplated thereby do not and will not conflict with, or constitute a default (or an event that with notice or lapse oftime or both would become a default) under, or give to others any rights of termination, amendment, acceleration or cancellation (with or without notice, lapse of time or both) of, any agreement filed (or incorporated by reference) as an exhibit to the SEC Reports (as defined below).

 

  d. Private Transaction. Assuming the accuracy of the Purchaser's representations and warranties set forth herein, no registration under the 1933 Act is required for the offer, transfer and sale of the Shares, by the Shareholder to Purchaser as contemplated hereby.

 

e. Representations and Warranties by Purchaser. Purchaser represents and warrants to Shareholder as of the Closing Date as follows:

 

. Investment Intent: Authority. This Agreement is made with Purchaser in reliance upon Purchaser's representation to Shareholder, evidenced by Purchaser's execution of this Agreement, that Purchaser is acquiring the Shares for investment for Purchaser's own account, not as nominee or agent, for investment and not with a view to, or for resale in connection with, any distribution or public offering thereof within the meaning of the 1933 Act; provided, however, that by making the representations herein, Purchaser does not agree to hold any of the Shares for any minimum or other specific term and reserves the right to dispose of the Shares at any time in accordance with or pursuant to a registration statement or an exemption under the 1933 Act. Purchaser has the requisite right, power, authority and capacity to enter into and perform this Agreement and the Agreement will constitute a valid and binding obligation upon Purchaser, except as the same may be limited by bankruptcy, insolvency, moratorium, and other laws of general application affecting the enforcement of creditors' rights.

 

. Knowledge and Experience. Purchaser (i) has such knowledge and experience in financial and business matters as to be capable of evaluating the merits and risks of Purchaser's prospective investment in the Shares (ii) has the ability to bear the economic risks of Purchaser's prospective investment; (iii) has had all questions which have been asked by Purchaser satisfactorily answered by Shareholder; and (iv) has not been offered the Shares by any form of advertisement, article, notice or other communication published in any newspaper, magazine, or similar media or broadcast over television or radio, or any seminar or meeting whose attendees have been invited by any such media. Purchaser represents and warrants that it is an "accredited investor" within the meaning of Rule 501 of Regulation D of the Securities Act.

 

a. Corporate Action Intent. Purchaser agrees that if a reverse split is planned for the future that purchaser will wait a minimum of four (120 days) months from the execution of this agreement and will conduct split at a maximum of one (1) share for each twenty (20) shares.

 

b. Transfer Restrictions. Purchaser covenants that in no event will it sell, transfer or otherwise dispose of any of the Shares other than in conjunction with an effective registration statement for the same under the Securities Act or pursuant to an exemption there from, or in compliance with Rule 144 promulgated under the Securities Act or to a person related to or an entity affiliated with said Purchaser and other than in compliance with the applicable securities regulation laws of any state.

 

 

 

 

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5.                       Legends. Shareholder may place the following legends on the Shares and any securities into which it may be converted:

 

THE SECURITIES REPRESENTED HEREBY HAVE NOT BEEN REGISTERED UNDER THE SECURITIES ACT OF 1933, AS AMENDED ("ACT"), OR ANY APPLICABLE STATE SECURITIES LAWS ("BLUE SKY LAWS"). ANY TRANSFER OF SUCH SECURITIES WILL BE INVALID UNLESS A REGISTRATION STATEMENT UNDER THE ACT OR AS REQUIRED BY BLUE SKY LAWS IS IN EFFECT AS TO SUCH TRANSFER OR IN THE OPINION OF COUNSEL REASONABLY SATISFACTORY TO THE SHAREHOLDER SUCH REGISTRATION IS UNNECESSARY IN ORDER FOR SUCH TRANSFER TO COMPLY WITH THE ACT OR BLUE SKY LAWS.

 

6.                       Indemnification of Shareholder The Purchaser will indemnify and hold Shareholder and its directors, officers, shareholders, partners, employees and agents (each, a "Shareholder Party") harmless from any and all losses, liabilities, obligations, claims, contingencies, damages, costs and expenses, including all judgments, amounts paid in settlements, court costs and reasonable attorneys' fees and costs of investigation (collectively, "Losses") that a Shareholder Party may suffer or incur as a result of or relating to the failure of the representations and warranties of the Purchaser to be true and correct.

 

7.                       Indemnification of Purchaser. The Shareholder will indemnify and hold Purchaser and its directors, officers, shareholders, partners, employees and agents (each, a "Purchaser Party") harmless from any and all losses, liabilities, obligations, claims, contingencies, damages, costs and expenses, including all judgments, amounts paid in settlements, court costs and reasonable attorneys' fees and costs of investigation (collectively, "Losses") that a Purchaser Party may suffer or incur as a result of or relating to the failure of the representations and warranties of the Shareholder to be true and correct.

 

8.                       Miscellaneous.

 

  a. Waivers and Amendments. The provisions of this Agreement may only be amended or modified in a writing executed by each of Shareholder and Purchaser. A waiver shall not be effective unless in a writing by the party against whom such waiver is to be enforced.

 

  b. Governing Law. This Agreement and all actions arising out of or in connection with this Agreement shall be governed by and construed in accordance with the laws of the State of Nevada, without regard to the conflicts of law provisions thereof. Any action arising out of this Agreement shall be heard in any court of general jurisdiction in Laramie County, Nevada. EACH PARTY HEREBY IRREVOCABLY WAIVES ANY RIGHT IT MAY HAVE, AND AGREES NOT TO REQUEST, A JURY TRIAL FOR THE ADJUDICATION OF ANY DISPUTE HEREUNDER OR IN CONNECTION HEREWITH OR ARISING OUT OF THIS AGREEMENT OR ANY TRANSACTION CONTEMPLATED HEREBY.

 

c. Entire Agreement. This Agreement, the Registration Rights Agreement and the Warrants constitute the full and entire understanding and agreement between the parties with regard to the subjects hereof and thereof.

 

d. Survival. The representations, warranties, covenants and agreements made herein shall survive the execution and delivery of this Agreement.

 

e. Notices, etc. Any notice, request or other communication required or permitted hereunder shall be in writing and shall be deemed to have been duly given (1) upon receipt if personally delivered, (ii) three (3) days after being mailed by registered or certified mail, postage prepaid, or (iii) one day after being sent by recognized overnight courier or by facsimile:

 

    If to Purchaser,
     
    Kompo Family Company, LLC
    Street: 4054 Sawyer Rd.
    City/State/Zip: Sarasota, FL 34233
     
    If to Seller,
     
    Synergy Management Group, LLC
    c/o Benjamin Berry
    30 N Gould St, Ste R
    Sheridan, WY 82801

 

 

 

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f. Validity. If any provision of this Agreement shall be judicially determined to be invalid, illegal or unenforceable, the validity, legality and enforceability of the remaining provisions shall not in any way be affected or impaired thereby.

 

g. Counterparts. This Agreement may be executed in any number of counterparts, each of which shall be an original, but all of which together shall be deemed to constitute one instrument.

 

h. Assignment. The terms and conditions of this Agreement shall inure to the benefit of and be binding upon the respective successors and assigns of the parties. Nothing in this Agreement, express or implied, is intended to confer upon any party other than the parties hereto or their respective successors and assigns any rights, remedies, obligations, or liabilities under or by reason of this Agreement, except as expressly provided in this Agreement.
     
  i. Remedies. The Purchaser shall have all rights and remedies set forth in the Transaction Documents and all rights and remedies which such holders have been granted at any time under any other agreement or contract and all of the rights which such holders have under any law. Any person having any rights under any provision of this Agreement shall be entitled to enforce such rights specifically (without posting a bond or other security), to recover damages by reason of any breach of any provision of this Agreement and to exercise all other rights granted by law.

 

 

IN WITNESS WHEREOF, the parties have caused this Agreement to be duly executed and delivered by their proper and duly authorized officers as of the date and year first written above.

 

For the Shareholder:

 

/s/ Benjamin Berry                               

By: Synergy Synergy Management Group, LLC / Benjamin Berry
Its: President

 

For the Purchaser

 

/s/ Gary Kompothecras                     

By: Kompo Family Company, LLC
Its: Mgr

 

 

 

 

 

 

 

 

 

 

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Exhibit 6.5

 

BUSINESS PURCHASE AGREEMENT

 

This Business Purchase Agreement (this "Agreement") is made and entered into on October 07, 2021, by and between Gary and Elizabeth Kompothecras, whose principal office of business at 4054 Sawyer Road, Sarasota, Florida 34233 ("Seller"), on the one hand, and E Med Future, Inc, having its principal office of business at 4054 Sawyer Rd, Sarasota, Florida 34233 ("Buyer"), on the other hand. Seller and Buyer are collectively referred to herein as the "Parties", and are sometimes referred to individually as a "Party".

 

RECITALS:

 

WHEREAS, Seller is the owner of 100% of the membership interest of BPLA, LLC, a Louisiana Corporation, located at 4054 Sawyer Road, Sarasota, Florida 34233 (collectively, the "Business");

 

WHEREAS, Seller desires to sell the Business to Buyer, and Buyer desires to purchase the Business from Seller by means of the purchase by Buyer of 100% of the member interest of BPLA, LLC.

 

NOW, THEREFORE, for and in consideration of the mutual covenants and benefits derived and to be derived from this Agreement by each Party, and for other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, Seller and Buyer hereby agree as follows:

 

A. Subject Matter

 

1. Description of Business

 

The assets of the Business include the following tangible and intangible assets:

 

The parties acknowledge and recognize that BPLA, LLC has been created as a production services entity for the production of producing and commercially exploiting the picture Man In The White Van and to take advantage of any state tax credits available for the production of the project.

 

All the furniture, fixtures, equipment, and other tangible assets

 

All the trade, goodwill, and other intangible assets

 

Agreement to Sell

 

Subject to and in accordance with the terms and conditions of this Agreement, Buyer agrees to purchase 100% of the member interest of the Business from Seller, and Seller agrees to sell the 100% of the stock of the Business to Buyer. Seller represents and warrants to Buyer that it has (and Buyer will have) good and marketable title to the stock in the Business, free and clear of all liens and encumbrances.

 

2. Purchase Price and Method of Payment

 

Buyer shall pay and Seller shall accept the purchase price for the Business as follows:

 

Consideration

 

As total consideration for the purchase of 100% of the stock of and sale of the Business (including its tangible and intangible assets as described above), and Buyer's assumption of the assumed obligations and all other liabilities as provided for in this Agreement, the Buyer shall pay to the Seller the sum of $2,500,000.00, and such total consideration to be referred to in this Agreement as the "Purchase Price."

 

 

 

 

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Payment

 

The Buyer shall make payment of the Purchase Price at closing. Buyer agrees to pay the entire amount at closing. The buyer will issue $2,500,000.00 in common stock with a par value of $.001 to Seller. Buyer shall then have the 3-day time periods set forth herein for due diligence. In the event that the purchase and sale shall be consummated pursuant to the terms of said contract, Seller or Seller's Escrow Agent shall, at such closing, deliver to Seller the common stock, and Buyer shall be given credit toward the purchase price for the payment of the common stock. At closing seller shall deliver to Buyer 100% of the membership interests of the Business and such other and further documents as may be required to effectuate the transfer of all tangible and intangible assets, as more fully et forth in the Paragraph entitled “Closing”, below.

 

Allocation

 

The Purchase Price shall be allocated for tax purposes as follows:

 

Asset Purchased Fair Market Value

100% of all shares of stock

In the Corporation, which

May be allocated as Capital Gains,

Return of Capital or any such lawful

 
Manner in which Seller desires $2,500,000.00

 

Fair Market Value

 

Buyer warrants that this is an arm’s length purchase at a negotiated price between experienced and sophisticated business men, and the parties consider this negotiated price to be commercially reasonable and represent the Fair Market Value of BPLA, LLC.

 

Each party shall be responsible for the tax reporting of this transaction and hold the other harmless and indemnify the other for any and all damages, expenses, costs, including reasonable attorney and accounting fees, in the event of any investigation, audit or other proceeding brought by any Federal, State or local taxing authorities.

 

3. Closing

 

Time and Place of Closing

 

Closing is the date and time at which parties agree to finalize this transaction. The closing date is designated as October 08, 2021, provided there are no unforeseen delays. Time is of the essence and the event this Agreement does not close within 10 calendar days after designated closing date, it shall be deemed cancelled, null and void unless an extension is agreed upon in writing between the Buyer and the Seller.

 

At Closing, Seller shall deliver to the Buyer a final, executed Membership Transfer Documents and a Bill of Sale transferring to Buyer all of the assets of the Business sold hereunder, free and clear of any and all liens, encumbrances, security interests, debts or taxes of any nature whatsoever. The Seller shall also produce an Affidavit of Title indicating the Seller's authority to sell and transfer the Business and its assets. Finally, the Seller shall execute and deliver an assignment of the assumed name of the Business to the Buyer and any other documents necessary to finalize this Agreement.

 

B. Representations and Warranties of Seller

 

Seller makes the following representation and warranties as of the date hereof and as of the date of Closing, except when otherwise indicated.

 

 

 

 

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Organization and Standing

 

The Business is duly organized, validly existing, in good standing under the laws of the State of Louisiana and is qualified to carry on its business in the State of Florida and has the corporate power and authority to carry on its business as it is now being conducted.

 

Authority Relative to this Agreement

 

Except as otherwise stated herein, the Seller has full power and authority to execute this Agreement and carry out the transactions contemplated by it. No further action is necessary by the Seller to make this Agreement valid and binding upon Seller and enforceable against it in accordance with the terms hereof, or to carry out the actions contemplated hereby. The execution, delivery, and performance of this Agreement by the Seller will not constitute:

 

(i) a breach or a violation of the Corporation's Certificate of Incorporation, by-laws, or of any law, agreement, indenture, deed of trust, mortgage, loan agreement or other instrument to which it is a party, or by which it is bound;

 

(ii) a violation of any order, judgment or decree to which it is a party or by which its assets or properties is bound or affected; or

 

(iii) result in the creation of any lien, charge or encumbrance upon its assets or properties except as stated herein.

 

Authorization and Enforceability

 

This Agreement constitutes Seller's legal, valid and binding obligation, enforceable in accordance with its terms, subject, however, to the effects of bankruptcy, insolvency, reorganization, moratorium, fraudulent transfer and conveyance and other laws for the protection of creditors, as well as to general principles of equity, regardless whether such enforceability is considered in a proceeding in equity.

 

Tax Matters

 

The Seller has timely prepared and filed all federal, state, and local tax returns and reports as are and have been required to be filed, and all taxes shown thereon to be due have been paid in full, including but not limited to sales tax, withholding tax, and all other taxes of every nature.

 

Properties

 

The Seller has good and merchantable title to and 100% ownership of, all of its properties and assets that constitute "Business" as defined herein. At Closing, such properties and assets will be subject to no mortgage, pledge, lien, conditional sales agreement, security agreement, encumbrance or charge, secured or unsecured, except for those taxes which shall be pro-rated as of the date of Closing, and Seller has or will pay all taxes and debts incurred by it up to the date of occupancy by Buyer including all employee compensation and utilities. In the event any such payments are not made and Buyer becomes liable for them, Seller shall indemnify Buyer for all costs, expenses and damages including attorneys and accounting fees incurred.

 

Compliance with Applicable Laws

 

None of the Seller's actions in transferring good and merchantable title to those assets and properties set out in herein are prohibited by or have violated or will violate any law in effect on the date of this Agreement or on the date of closing.

 

 

 

 

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No Other Representations or Warranties; Disclosed Materials

 

Seller makes no other express or implied representations of warranty with respect to Seller, and Seller disclaims any other representations or warranties not contained in this Agreement, whether made by Seller, any affiliate of Seller, or any of their respective officers, directors, managers, partners, employees or agents.

 

C. Representations and Warranties by both Buyer and Seller

 

Buyer makes the following representations and warranties as of Closing and as of the date hereof.

 

Warrants

 

Buyer and Seller hereby represent and warrant that there has been no act or omission by Buyer or Seller which would give rise to any valid claim against any of the parties hereto for a brokerage commission, finder's fee, or other like payment in connection with the transactions contemplated hereby.

 

Financial Resources

 

Buyer and Seller shall have as of Closing, sufficient assets with which to pay the Closing Amount and consummate the transaction and, following Closing, Each Party will have sufficient funds to pay any adjustments to the Purchase Price and meet its other payment obligations under this Agreement.

 

Payment of Costs and Expenses

 

Except as expressly provided to the contrary in this Agreement, each party shall pay all of its own costs and expenses incurred with respect to the negotiation, execution and delivery of this Agreement and the exhibits hereto.

 

Litigation

 

There is no action, suit, proceeding, claim or investigation by any person, entity, or governmental entity pending or, to Buyer's knowledge, threatened against it before any governmental entity that impedes or is likely to impede its ability to consummate the transaction and to assume the liabilities to be assumed by it under this Agreement.

 

Indemnification

 

Buyer shall indemnify and hold Seller harmless from any and all liabilities and obligations arising from Buyer's operation of the business after the Closing. Similarly, Seller shall indemnify and hold Buyer harmless from any and all liabilities and obligations arising from Seller's operation of the business prior to the Closing, as set forth above.

 

Default

 

After execution of this Agreement by the parties, if either party fails to perform its respective obligations, or breaches a warranty or covenant, that would constitute a default. The defaulting party shall cure the default within 3 days of notice by the other party. In the event of a failure to cure such default by either party within the stipulated time, Seller or Buyer shall have the right to cancel this transaction and/or sue for damages in addition to any other relief provided under this Agreement. In any action for default, the prevailing party shall recover reasonable attorney fees.

 

 

 

 

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Survival of Representations and Warranties

 

Each of the parties to this Agreement covenants and agrees that their respective representations, warranties, covenants, statements, and agreements contained in this Agreement shall survive the Closing Date. Except the exhibits hereto or the documents and papers delivered by Seller to Buyer in connection with the Agreement herewith, there are no other agreements, representations, warranties, or covenants by or among the parties hereto with respect to the subject matter hereof.

   

Cooperation

 

Both Seller and Buyer agrees to cooperate fully with each other and to execute such further instruments, documents and agreements and to give such further written assurances, as may be reasonably requested by the parties, to better evidence and consummate the transactions described herein and contemplated hereby, and to carry into effect the intents and purposes of this Agreement.

 

Bankruptcy

 

There are no bankruptcy, reorganization or arrangement proceedings pending, being contemplated by or to such Buyer's knowledge threatened against such Buyer or any affiliate of such Buyer.

 

Confidentiality

 

Both Seller and Buyer shall not divulge, communicate, or use to the detriment of the other or for the benefit of any other person or persons, or misuse in any way, any of Seller's confidential information discovered by or disclosed to Seller or Buyer as a result of the delivery, execution or performance of this Agreement.

 

No Investment Company

 

Buyer is not (a) an investment company or a company controlled by an investment company within the meaning of the Investment Company Act of 1940, as amended, or (b) subject in any respect to the provisions of that Act.

 

D. Transactions Prior to Closing

 

Conduct of Seller's Business until Closing

 

Except as Buyer may otherwise consent in writing prior to the Closing Date, Seller will not enter into any transaction, take any action, or fail to take any action which would result in or could reasonably be expected to result in or cause any of the representations and warranties of Seller contained in this Agreement to be void, invalid, or false on the Closing Date. Seller may continue to take actions in the normal course of business up to closing.

 

Resignations

 

Seller shall deliver to Buyer prior to the Closing Date such resignations of officers or employees of the business as Buyer shall indicate, and each such resignation to be effective on the Closing Date.

 

 

 

 

  5  

 

 

Satisfactions

 

Seller shall deliver to Buyer on the Closing Date a satisfaction of any encumbrance or lien on the business property, satisfactory in form and substance to the Buyer, indicating that the then outstanding unpaid principal balance of any promissory note secured thereby has been paid in full prior to or simultaneously with the closing.

 

Advice of Changes

 

Between the date hereof and the Closing Date, Seller will promptly advise Buyer in writing of any fact which, if existing or known at the date hereof, would have been required to be set forth herein or disclosed pursuant to this Agreement.

 

Documents

 

Seller shall deliver to Buyer at closing such documents which are in Buyer's sole discretion and necessary to fully satisfy the objectives of this Agreement in content and form.

 

E. General Provisions

 

Waivers

 

No action taken pursuant to this Agreement including any investigation by or on behalf of any party shall be deemed to constitute a waiver by the party taking such action of compliance with any representation, warranty, covenant or agreement contained herein or therein and, in any documents, delivered in connection herewith or therewith. The waiver by any party hereto of a breach of any provision of this Agreement shall not operate or be construed as a waiver of any subsequent breach.

 

No Third-Party Beneficiaries

 

Except as otherwise provided, nothing in this Agreement shall provide any benefit to any third party or entitle any third party to any claim, cause of action, remedy, or right of any kind, it being the intent of the Parties that this Agreement shall not be construed as a third-party beneficiary contract.

 

Notices

 

All notices, requests, demands and other communications which are required or may be given under this Agreement shall be in writing and shall be deemed to have been duly given if delivered or mailed, first class mail, postage prepaid to Seller, Buyer, or to such other address as such party shall have specified by notice in writing to the other party.

 

Sections and Other Headings

 

The section and other headings contained in this Agreement are for reference purposes only and shall not affect the meaning or interpretations of this Agreement.

 

Governing Law; Venue

 

This agreement and all transactions contemplated hereby shall be governed by and construed and enforced in accordance with the laws of Florida, and any mediation, arbitration or court proceedings shall be in Sarasota, Florida and the Twelfth Judicial Circuit in and for Sarasota, County, FL.

 

 

 

 

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Dispute Resolution

 

The parties will attempt to resolve any dispute arising out of or relating to this Agreement through friendly negotiations amongst the parties. If the matter is not resolved through negotiation within 30 days’ notice of an alleged breach, the parties will resolve the dispute using the below Alternative Dispute Resolution (ADR) procedure.

 

Any controversies or disputes arising out of or relating to this Agreement will be submitted to mediation in Sarasota, FL using a mediator from the list of approved mediators of the Twelfth Judicial Circuit, in and for Sarasota, FL. Should the parties be unable to agree on a mediator, they shall each select a mediator from the list and the two of them shall select the mediator who shall mediate this dispute. If mediation is not successful in resolving the entire dispute or is unavailable, any outstanding issues will be submitted to binding arbitration under the rules of the American Arbitration Association, in Sarasota, FL, before a single arbitrator, selected in accordance with the Rules of the AAA. The arbitrator's decision will be final, and judgment may be entered upon it by any court having proper jurisdiction, and the arbitrator shall award the prevailing party reasonable attorney’s fees, costs and other expenses of litigation, which shall also apply to any proceedings in the Courts to confirm the award.

 

Conditions Precedent

 

If the obligations and responsibility of either party are not fulfilled by the appropriate dates thereof, then this Agreement shall be deemed null and void and any deposits paid at said time shall be returned to the Buyer forthwith.

 

Time is of the Essence

 

Time and timely performance are of the essence in this contract and of the covenants and provisions hereunder.

 

Successors and Assigns

 

This Agreement may not be assigned without the prior written consent of the parties hereto. Rights and obligations created by this contract shall be binding upon and inure to the benefit of the parties hereto, their successors and assigns. Whenever used, the singular number shall include the plural, the plural the singular, and the use of any gender shall include all genders.

 

Contractual Procedures

 

Unless specifically disallowed by law, service of process in any litigation that arise hereunder may be obtained through certified mail, return receipt requested; the parties hereto waiving any and all rights they may have to object to the method by which service was perfected.

  

Entire Agreement

 

This Contract contains the entire agreement of the parties, and there are no other promises or conditions in any other agreement whether oral or written concerning the subject matter of this Contract. This Contract supersedes any prior written or oral agreements between the parties.

 

 

 

 

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Severability

 

If any provision of this Contract will be held to be invalid or unenforceable for any reason, the remaining provisions will continue to be valid and enforceable. If a court finds that any provision of this Contract is invalid or unenforceable, but that by limiting such provision it would become valid and enforceable, then such provision will be deemed to be written, construed, and enforced as so limited.

 

Amendments

 

This Contract may be modified or amended in writing, if the writing is signed by the party obligated under the amendment.

 

Initials and Exhibits

 

This Contract shall not be valid and enforceable unless it is properly executed by an authorized officer or agent of Buyer and by the sole shareholder and President of Seller, on behalf of himself and the Seller entity and their initials affixed to each page of the exhibits attached hereto and made a part hereof, as set forth with specificity in the following paragraph.

 

Signatories

 

This Agreement shall be executed to effectuate the sale of BPLA, LLC by Gary Kompothecras, its Managing Member, and on behalf of E Med Future, Inc by Vincent Payne, its Chief Financial Officer.

 

 

 

BUSINESS:

 

 

/s/ Gary Kompothecras                                         

BPLA, LLC

By Gary Kompothecras, its Managing Member

 

 

BUYER:

 

/s/ Vincent Payne                                                  

E Med Future, Inc

By Vincent Payne, its Chief Financial Officer

 

 

 

 

 

 

  8  

 

Exhibit 6.6

 

BUSINESS PURCHASE AGREEMENT

 

This Business Purchase Agreement (this "Agreement") is made and entered into on October 07, 2021, by and between Gary and Elizabeth Kompothecras, whose principal office of business at 4054 Sawyer Road, Sarasota, Florida 34233 ("Seller"), on the one hand, and E Med Future, Inc, having its principal office of business at 4054 Sawyer Rd, Sarasota, Florida 34233 ("Buyer"), on the other hand. Seller and Buyer are collectively referred to herein as the "Parties", and are sometimes referred to individually as a "Party".

 

RECITALS:

 

WHEREAS, Seller is the owner of 100% of the membership interest of Brooksville Project, LLC, a Florida Corporation, located at 4054 Sawyer Road, Sarasota, Florida 34233 (collectively, the "Business");

 

WHEREAS, Seller desires to sell the Business to Buyer, and Buyer desires to purchase the Business from Seller by means of the purchase by Buyer of 100% of the member interest of Brooksville Project, LLC.

 

NOW, THEREFORE, for and in consideration of the mutual covenants and benefits derived and to be derived from this Agreement by each Party, and for other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, Seller and Buyer hereby agree as follows:

 

A. Subject Matter

 

1. Description of Business

 

The assets of the Business include the following tangible and intangible assets:

 

The parties acknowledge and recognize that Brooksville Project, LLC has been created as a single purpose production services entity for the production of producing and commercially exploiting the picture Man In The White Van.

 

All the furniture, fixtures, equipment, and other tangible assets

 

All the trade, goodwill, and other intangible assets

 

Agreement to Sell

 

Subject to and in accordance with the terms and conditions of this Agreement, Buyer agrees to purchase 100% of the member interest of the Business from Seller, and Seller agrees to sell the 100% of the stock of the Business to Buyer. Seller represents and warrants to Buyer that it has (and Buyer will have) good and marketable title to the stock in the Business, free and clear of all liens and encumbrances.

 

2. Purchase Price and Method of Payment

 

Buyer shall pay and Seller shall accept the purchase price for the Business as follows:

 

Consideration

 

As total consideration for the purchase of 100% of the stock of and sale of the Business (including its tangible and intangible assets as described above), and Buyer's assumption of the assumed obligations and all other liabilities as provided for in this Agreement, the Buyer shall pay to the Seller the sum of $2,500,000.00, and such total consideration to be referred to in this Agreement as the "Purchase Price."

 

 

 

 

  1  

 

 

Payment

 

The Buyer shall make payment of the Purchase Price at closing. Buyer agrees to pay the entire amount at closing. The buyer will issue $2,500,000.00 in common stock with a par value of $.001 to Seller. Buyer shall then have the 3-day time periods set forth herein for due diligence. In the event that the purchase and sale shall be consummated pursuant to the terms of said contract, Seller or Seller's Escrow Agent shall, at such closing, deliver to Seller the common stock, and Buyer shall be given credit toward the purchase price for the payment of the common stock. At closing seller shall deliver to Buyer 100% of the membership interest of the Business and such other and further documents as may be required to effectuate the transfer of all tangible and intangible assets, as more fully et forth in the Paragraph entitled “Closing”, below.

 

Allocation

 

The Purchase Price shall be allocated for tax purposes as follows:

 

Asset Purchased Fair Market Value

100% of all shares of stock

In the Corporation, which

May be allocated as Capital Gains,

Return of Capital or any such lawful

 
Manner in which Seller desires $2,500,000.00

 

Fair Market Value

 

Buyer warrants that this is an arm’s length purchase at a negotiated price between experienced and sophisticated business men, and the parties consider this negotiated price to be commercially reasonable and represent the Fair Market Value of Brooksville Project, LLC.

 

Each party shall be responsible for the tax reporting of this transaction and hold the other harmless and indemnify the other for any and all damages, expenses, costs, including reasonable attorney and accounting fees, in the event of any investigation, audit or other proceeding brought by any Federal, State or local taxing authorities.

 

3. Closing

 

Time and Place of Closing

 

Closing is the date and time at which parties agree to finalize this transaction. The closing date is designated as October 08, 2021, provided there are no unforeseen delays. Time is of the essence and the event this Agreement does not close within 10 calendar days after designated closing date, it shall be deemed cancelled, null and void unless an extension is agreed upon in writing between the Buyer and the Seller.

 

At Closing, Seller shall deliver to the Buyer a final, executed Membership Transfer Documents and a Bill of Sale transferring to Buyer all of the assets of the Business sold hereunder, free and clear of any and all liens, encumbrances, security interests, debts or taxes of any nature whatsoever. The Seller shall also produce an Affidavit of Title indicating the Seller's authority to sell and transfer the Business and its assets. Finally, the Seller shall execute and deliver an assignment of the assumed name of the Business to the Buyer and any other documents necessary to finalize this Agreement.

 

B. Representations and Warranties of Seller

 

Seller makes the following representation and warranties as of the date hereof and as of the date of Closing, except when otherwise indicated.

 

 

 

 

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Organization and Standing

 

The Business is duly organized, validly existing, in good standing under the laws of the State of Florida and is qualified to carry on its business in the State of Florida and has the corporate power and authority to carry on its business as it is now being conducted.

 

Authority Relative to this Agreement

 

Except as otherwise stated herein, the Seller has full power and authority to execute this Agreement and carry out the transactions contemplated by it. No further action is necessary by the Seller to make this Agreement valid and binding upon Seller and enforceable against it in accordance with the terms hereof, or to carry out the actions contemplated hereby. The execution, delivery, and performance of this Agreement by the Seller will not constitute:

 

(i) a breach or a violation of the Corporation's Certificate of Incorporation, by-laws, or of any law, agreement, indenture, deed of trust, mortgage, loan agreement or other instrument to which it is a party, or by which it is bound;

 

(ii) a violation of any order, judgment or decree to which it is a party or by which its assets or properties is bound or affected; or

 

(iii) result in the creation of any lien, charge or encumbrance upon its assets or properties except as stated herein.

 

Authorization and Enforceability

 

This Agreement constitutes Seller's legal, valid and binding obligation, enforceable in accordance with its terms, subject, however, to the effects of bankruptcy, insolvency, reorganization, moratorium, fraudulent transfer and conveyance and other laws for the protection of creditors, as well as to general principles of equity, regardless whether such enforceability is considered in a proceeding in equity.

 

Tax Matters

 

The Seller has timely prepared and filed all federal, state, and local tax returns and reports as are and have been required to be filed, and all taxes shown thereon to be due have been paid in full, including but not limited to sales tax, withholding tax, and all other taxes of every nature.

 

Properties

 

The Seller has good and merchantable title to and 100% ownership of, all of its properties and assets that constitute "Business" as defined herein. At Closing, such properties and assets will be subject to no mortgage, pledge, lien, conditional sales agreement, security agreement, encumbrance or charge, secured or unsecured, except for those taxes which shall be pro-rated as of the date of Closing, and Seller has or will pay all taxes and debts incurred by it up to the date of occupancy by Buyer including all employee compensation and utilities. In the event any such payments are not made and Buyer becomes liable for them, Seller shall indemnify Buyer for all costs, expenses and damages including attorneys and accounting fees incurred.

 

Compliance with Applicable Laws

 

None of the Seller's actions in transferring good and merchantable title to those assets and properties set out in herein are prohibited by or have violated or will violate any law in effect on the date of this Agreement or on the date of closing.

 

 

 

 

  3  

 

 

No Other Representations or Warranties; Disclosed Materials

 

Seller makes no other express or implied representations of warranty with respect to Seller, and Seller disclaims any other representations or warranties not contained in this Agreement, whether made by Seller, any affiliate of Seller, or any of their respective officers, directors, managers, partners, employees or agents.

 

C. Representations and Warranties by both Buyer and Seller

 

Buyer makes the following representations and warranties as of Closing and as of the date hereof.

 

Warrants

 

Buyer and Seller hereby represent and warrant that there has been no act or omission by Buyer or Seller which would give rise to any valid claim against any of the parties hereto for a brokerage commission, finder's fee, or other like payment in connection with the transactions contemplated hereby.

 

Financial Resources

 

Buyer and Seller shall have as of Closing, sufficient assets with which to pay the Closing Amount and consummate the transaction and, following Closing, Each Party will have sufficient funds to pay any adjustments to the Purchase Price and meet its other payment obligations under this Agreement.

 

Payment of Costs and Expenses

 

Except as expressly provided to the contrary in this Agreement, each party shall pay all of its own costs and expenses incurred with respect to the negotiation, execution and delivery of this Agreement and the exhibits hereto.

 

Litigation

 

There is no action, suit, proceeding, claim or investigation by any person, entity, or governmental entity pending or, to Buyer's knowledge, threatened against it before any governmental entity that impedes or is likely to impede its ability to consummate the transaction and to assume the liabilities to be assumed by it under this Agreement.

 

Indemnification

 

Buyer shall indemnify and hold Seller harmless from any and all liabilities and obligations arising from Buyer's operation of the business after the Closing. Similarly, Seller shall indemnify and hold Buyer harmless from any and all liabilities and obligations arising from Seller's operation of the business prior to the Closing, as set forth above.

 

Default

 

After execution of this Agreement by the parties, if either party fails to perform its respective obligations, or breaches a warranty or covenant, that would constitute a default. The defaulting party shall cure the default within 3 days of notice by the other party. In the event of a failure to cure such default by either party within the stipulated time, Seller or Buyer shall have the right to cancel this transaction and/or sue for damages in addition to any other relief provided under this Agreement. In any action for default, the prevailing party shall recover reasonable attorney fees.

 

 

 

 

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Survival of Representations and Warranties

 

Each of the parties to this Agreement covenants and agrees that their respective representations, warranties, covenants, statements, and agreements contained in this Agreement shall survive the Closing Date. Except the exhibits hereto or the documents and papers delivered by Seller to Buyer in connection with the Agreement herewith, there are no other agreements, representations, warranties, or covenants by or among the parties hereto with respect to the subject matter hereof.

   

Cooperation

 

Both Seller and Buyer agrees to cooperate fully with each other and to execute such further instruments, documents and agreements and to give such further written assurances, as may be reasonably requested by the parties, to better evidence and consummate the transactions described herein and contemplated hereby, and to carry into effect the intents and purposes of this Agreement.

 

Bankruptcy

 

There are no bankruptcy, reorganization or arrangement proceedings pending, being contemplated by or to such Buyer's knowledge threatened against such Buyer or any affiliate of such Buyer.

 

Confidentiality

 

Both Seller and Buyer shall not divulge, communicate, or use to the detriment of the other or for the benefit of any other person or persons, or misuse in any way, any of Seller's confidential information discovered by or disclosed to Seller or Buyer as a result of the delivery, execution or performance of this Agreement.

 

No Investment Company

 

Buyer is not (a) an investment company or a company controlled by an investment company within the meaning of the Investment Company Act of 1940, as amended, or (b) subject in any respect to the provisions of that Act.

 

D. Transactions Prior to Closing

 

Conduct of Seller's Business until Closing

 

Except as Buyer may otherwise consent in writing prior to the Closing Date, Seller will not enter into any transaction, take any action, or fail to take any action which would result in or could reasonably be expected to result in or cause any of the representations and warranties of Seller contained in this Agreement to be void, invalid, or false on the Closing Date. Seller may continue to take actions in the normal course of business up to closing.

 

Resignations

 

Seller shall deliver to Buyer prior to the Closing Date such resignations of officers or employees of the business as Buyer shall indicate, and each such resignation to be effective on the Closing Date.

 

 

 

 

  5  

 

 

Satisfactions

 

Seller shall deliver to Buyer on the Closing Date a satisfaction of any encumbrance or lien on the business property, satisfactory in form and substance to the Buyer, indicating that the then outstanding unpaid principal balance of any promissory note secured thereby has been paid in full prior to or simultaneously with the closing.

 

Advice of Changes

 

Between the date hereof and the Closing Date, Seller will promptly advise Buyer in writing of any fact which, if existing or known at the date hereof, would have been required to be set forth herein or disclosed pursuant to this Agreement.

 

Documents

 

Seller shall deliver to Buyer at closing such documents which are in Buyer's sole discretion and necessary to fully satisfy the objectives of this Agreement in content and form.

 

E. General Provisions

 

Waivers

 

No action taken pursuant to this Agreement including any investigation by or on behalf of any party shall be deemed to constitute a waiver by the party taking such action of compliance with any representation, warranty, covenant or agreement contained herein or therein and, in any documents, delivered in connection herewith or therewith. The waiver by any party hereto of a breach of any provision of this Agreement shall not operate or be construed as a waiver of any subsequent breach.

 

No Third-Party Beneficiaries

 

Except as otherwise provided, nothing in this Agreement shall provide any benefit to any third party or entitle any third party to any claim, cause of action, remedy, or right of any kind, it being the intent of the Parties that this Agreement shall not be construed as a third-party beneficiary contract.

 

Notices

 

All notices, requests, demands and other communications which are required or may be given under this Agreement shall be in writing and shall be deemed to have been duly given if delivered or mailed, first class mail, postage prepaid to Seller, Buyer, or to such other address as such party shall have specified by notice in writing to the other party.

 

Sections and Other Headings

 

The section and other headings contained in this Agreement are for reference purposes only and shall not affect the meaning or interpretations of this Agreement.

 

Governing Law; Venue

 

This agreement and all transactions contemplated hereby shall be governed by and construed and enforced in accordance with the laws of Florida, and any mediation, arbitration or court proceedings shall be in Sarasota, Florida and the Twelfth Judicial Circuit in and for Sarasota, County, FL.

 

 

 

 

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Dispute Resolution

 

The parties will attempt to resolve any dispute arising out of or relating to this Agreement through friendly negotiations amongst the parties. If the matter is not resolved through negotiation within 30 days’ notice of an alleged breach, the parties will resolve the dispute using the below Alternative Dispute Resolution (ADR) procedure.

 

Any controversies or disputes arising out of or relating to this Agreement will be submitted to mediation in Sarasota, FL using a mediator from the list of approved mediators of the Twelfth Judicial Circuit, in and for Sarasota, FL. Should the parties be unable to agree on a mediator, they shall each select a mediator from the list and the two of them shall select the mediator who shall mediate this dispute. If mediation is not successful in resolving the entire dispute or is unavailable, any outstanding issues will be submitted to binding arbitration under the rules of the American Arbitration Association, in Sarasota, FL, before a single arbitrator, selected in accordance with the Rules of the AAA. The arbitrator's decision will be final, and judgment may be entered upon it by any court having proper jurisdiction, and the arbitrator shall award the prevailing party reasonable attorney’s fees, costs and other expenses of litigation, which shall also apply to any proceedings in the Courts to confirm the award.

 

Conditions Precedent

 

If the obligations and responsibility of either party are not fulfilled by the appropriate dates thereof, then this Agreement shall be deemed null and void and any deposits paid at said time shall be returned to the Buyer forthwith.

 

Time is of the Essence

 

Time and timely performance are of the essence in this contract and of the covenants and provisions hereunder.

 

Successors and Assigns

 

This Agreement may not be assigned without the prior written consent of the parties hereto. Rights and obligations created by this contract shall be binding upon and inure to the benefit of the parties hereto, their successors and assigns. Whenever used, the singular number shall include the plural, the plural the singular, and the use of any gender shall include all genders.

 

Contractual Procedures

 

Unless specifically disallowed by law, service of process in any litigation that arise hereunder may be obtained through certified mail, return receipt requested; the parties hereto waiving any and all rights they may have to object to the method by which service was perfected.

  

Entire Agreement

 

This Contract contains the entire agreement of the parties, and there are no other promises or conditions in any other agreement whether oral or written concerning the subject matter of this Contract. This Contract supersedes any prior written or oral agreements between the parties.

 

 

 

 

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Severability

 

If any provision of this Contract will be held to be invalid or unenforceable for any reason, the remaining provisions will continue to be valid and enforceable. If a court finds that any provision of this Contract is invalid or unenforceable, but that by limiting such provision it would become valid and enforceable, then such provision will be deemed to be written, construed, and enforced as so limited.

 

Amendments

 

This Contract may be modified or amended in writing, if the writing is signed by the party obligated under the amendment.

 

Initials and Exhibits

 

This Contract shall not be valid and enforceable unless it is properly executed by an authorized officer or agent of Buyer and by the sole shareholder and President of Seller, on behalf of himself and the Seller entity and their initials affixed to each page of the exhibits attached hereto and made a part hereof, as set forth with specificity in the following paragraph.

 

Signatories

 

This Agreement shall be executed to effectuate the sale of Brooksville Project by Gary Kompothecras, its Managing Member, and on behalf of E Med Future, Inc by Vincent Payne, its Chief Financial Officer.

 

 

 

BUSINESS:

 

 

/s/ Gary Kompothecras                                         

Brooksville Project, LLC

By Gary Kompothecras, its Managing Member

 

 

BUYER:

 

/s/ Vincent Payne                                                  

E Med Future, Inc

By Vincent Payne, its Chief Financial Officer

 

 

 

 

 

 

  8  

 

Exhibit 6.7

 

MUSIC SUPERVISOR AGREEMENT

 

This agreement (“Agreement”) dated as of September 8, 2021 between BPLA LLC, a Louisiana limited liability company (“Company”) located at 330 Marshall Street, Suite 1000, Shreveport, LA 71101, and Critical Solutions, Inc. (“Lender”), a California corporation located at 30 N. Gould Street, Suite N, Sheridan, Wy. 82801 , for the services of Barry Coffing and Andrew Lane (“Supervisors”) in connection with that motion picture currently entitled “The Man in the White Van” (the “Picture”).

 

1. Services

 

(a)            Company hereby engages Lender, to provide the services of the Supervisors to perform the services noted herein, in connection with the motion picture currently entitled “The Man in the White Van” as determined by Company in its sole discretion (and at Company’s direction) all services customarily performed by music supervisors in the television, film and motion picture/media industry, including, but not limited to:

 

(i)              Assisting with the selection and clearance of pre-existing music, for use in and in connection with the Picture. All such music is referred to collectively as “Music” of which such initial selection is listed on Exhibit “B” hereto which is incorporated by reference. Supervisors shall negotiate and obtain clearances and quote confirmations within Company’s parameters and subject to Company’s approval for all pre-existing Music which has a budget cap “all in” of US$100,000 and no overages are approved. For the avoidance of doubt, Company shall be the named party in the licensing and acquisition of Music rights and all such agreements must be approved in writing in advance by Company, and accordingly, neither Lender nor Supervisors shall have any rights to execute any agreements in Company’s name.

 

(ii)            Causing playback material to be recorded and delivered as required;

 

(iii)           Supervising and attending on-camera music performances, if applicable;

 

(iv)           Assembling and delivering to Company accurate music credits for use in screen credits;

 

(v)            Providing accurate music cue sheet information to the music editor of the Picture;

 

(vi)           Assisting with the delivery of physical, digital and other elements of the Music, including, but not limited to, master recordings, digital files, credit information, and lyrics and obtaining all mater and sych license agreements that will adhere to any and all delivery requirements of Company related to the Picture; and

 

(vii)          Coordinating the conversion of Music for the Picture, as applicable.

 

(b)            It is of the essence of this Agreement that: Supervisors consult with Company's music and production personnel on a regular basis; Supervisors be personally available (subject to reasonable notice) to Company for consultation, meetings and performance of all services hereunder; Supervisors promptly inform Company regarding all of Supervisors’ communications with any of the producers of the Picture; Supervisors work within the limits of the Company- approved budgets and deadlines for the Picture when making recommendations to Company, the producer and/or any distributors; and Company have final and sole approval and control over all aspects of the Music for the Picture, and any singles, in which respect:

 

(i)             All agreements with all third parties furnishing services or granting rights with respect to the Music shall be prepared and reviewed by Company.

 

 

 

  1  

 

 

(ii)            Neither Lender nor Supervisors shall have any authority to make any commitment on Company's or any distributor’s behalf or to bind them in any manner.

 

(iii)            Lender’s and Supervisor's authority is limited to advice and recommendations. Neither Lender nor Supervisors shall enter into any agreement with, or make any warranty or representation to, any third party in respect of the Music.

 

(iv)           Supervisors shall not facilitate the writing or recording of any material for the Picture or without first obtaining Company’s prior written approval.

 

2. Term

 

Lender shall cause Supervisors to be available to render services hereunder on a non-exclusive, first- priority basis commencing on the date hereof, and ending on the completion of all services required hereunder (the “Term”), it being understood that Company shall have the right to discontinue Lender’s and Supervisor’s engagement hereunder at any time, subject to payment to Lender of any earned, but unpaid, compensation. Any services which Supervisors may render for his own account or for any third party shall not interfere with the full and timely performance of Lender’s obligations to Company hereunder.

 

3. Rights

 

(a)            All results and proceeds of Lender’s and Supervisor’s services in connection with the Picture shall be deemed “work-made-for-hire,” specially-ordered or commissioned by Company within the meaning of the copyright laws of the United States. Company shall exclusively and perpetually own all now known or hereafter existing rights of every kind, throughout the world, in and to all such results and proceeds, including, but not limited to, copyrights pursuant to the U.S. Copyright Act of 1976, and pursuant to any similar or analogous laws, and any and all extensions or renewals thereof; all rights pursuant to European Union directives and regulations; and all related rights. In the event that operation of law prohibits or impairs Company’s full and complete ownership of such results and proceeds, this Agreement will constitute an irrevocable assignment of any and all such rights in and to such results and proceeds by Lender and Supervisor to Company. Lender and Supervisor waive any so-called "droit moral" or "moral rights" (if any) with respect to any such results and proceeds. Lender warrants and represents on behalf of itself and Supervisors that such results and proceeds are original with Supervisors, and neither such results and proceeds, the use thereof, nor the exercise of any rights granted to Company hereunder will infringe upon the rights of any person or entity.

 

(b)            Lender hereby grants to Company the non-exclusive right to use and publish Supervisor’s name, voice, approved picture, and approved biography solely for the purpose of publicizing or exploiting the rights granted and services rendered to Company hereunder. In no event shall Supervisor’s name or likeness be used to endorse any service or product, provided that no use thereof in connection with the Picture shall be deemed an endorsement.

 

4. Compensation

 

(a)            (i) Provided Lender is not in breach or default hereunder, Company will pay Lender a flat fee of Twenty-Five Thousand Dollars (US$25,000) (“all in” for both Supervisors) subject to, the satisfactory completion of Services, the grant of all rights required to be granted by Lender, and Company's rights of suspension and/or termination in the event of force majeure, disability or material default. Said amount shall be payable following Lender’s completion of Services related to the Picture as noted herein.

 

(ii)            Notwithstanding the foregoing, no monies will be payable hereunder prior to Company’s receipt of this Agreement signed by Lender and an appropriate invoice and tax materials.

 

 

 

  2  

 

 

(iii)           The compensation payable to Lender hereunder shall be inclusive of any applicable union scale otherwise payable to Supervisor in connection with the Picture, and shall be subject to the applicable laws and regulations now or hereafter in existence requiring the deduction or withholding of payments for income or other taxes payable by or assessable against Supervisors. Lender shall be solely responsible for making and paying any and all deductions, withholdings and other taxes required under such laws and regulations, and Supervisors shall indemnify, save and hold Company harmless from any and all damages, liabilities, costs, losses and expenses (including reasonable legal costs, reasonable outside attorneys' fees and any penalties) arising out of or connected with any failure on the part of Supervisors to make or pay any such deductions, withholdings or other taxes.

 

(b)  Except as may be provided otherwise herein, if Company requires Supervisors to travel beyond the reasonable vicinity of Los Angeles and Supervisor’s residence (if not Los Angeles) to perform the services required hereunder, Company shall furnish Supervisors with appropriate transportation and per- diems consistent with engagements of this nature, subject to Supervisors coordinating and having all such travel arranged by Company’s travel representative or travel department.

 

(c)  The compensation payable hereunder is inclusive of all third parties and support staff Lender may require in connection with the rendition of Lender’s and Supervisor’s services hereunder.

 

(d) No other amounts shall be due Lender or Supervisors hereunder.

 

5. Credit

 

Provided that Lender is not in breach or default hereof:

 

(a)            Provided further that Lender and the Supervisors perform all services hereunder in connection with terms hereunder, Company shall credit Supervisors on screen on a shared card in the end titles of the Picture substantially as follows, subject to any applicable union or guild regulations, and to the broadcast standards and operating policies and practices established and determined by the primary licensee(s) or distributors of the Picture:

 

Music Supervisors: Barry Coffing and Andrew Lane courtesy of Critical Solutions

 

(b)  All other aspects of such credit shall be at Company’s discretion. No casual or inadvertent failure of Company to comply with the provisions hereof with respect to credit, no failure of any third party to comply with its agreement with Company relating to such credit, no error or omission in giving credit due to acts of third parties, nor where the exigencies of time make the giving of credit impracticable, shall constitute a breach of this Agreement by Company or any such third party. Without limiting the foregoing, if Lender gives Company written notice that Company has failed to comply with the credit provisions hereof, Company shall undertake reasonable efforts to cure such failure prospectively, provided such failure is in all respects reasonably capable of being cured.

 

6. Miscellaneous

 

(a)            All approvals, requirements, requests, determinations, and designations to be made by Company hereunder shall be made, if at all, in Company’s sole discretion.

 

(b)            Lender represents and warrants that Lender and Supervisors have the right to enter into and perform this Agreement, free of claims from any third party. Lender agrees to indemnify defend and hold harmless Company from all costs, damages or expenses (including reasonable outside attorneys’ fees) incurred in connection with the breach or alleged breach of any representation, warranty or agreement made by Lender herein which matter has been reduced to final judgment or settled with Lender’s prior written consent (such consent not to be unreasonably withheld).

 

 

 

  3  

 

 

(c)            Company may assign this Agreement in whole or in part, provided Company shall remain secondarily liable with respect thereto. Neither Lender nor Supervisors may assign this Agreement or any part hereof or any of their obligations or services hereunder.

 

(d)            Notices and payments will be sent to the applicable address first hereinabove set forth by any generally-accepted, reliable manner of delivery with confirmation of receipt.

 

(e)            (i) In the event of any breach of the provisions of the Agreement by Company, Lender’s and Supervisor’s rights and remedies shall be limited to an action at law for money damages actually suffered by Lender. In no event shall Lender or Supervisors be entitled to rescission, injunction, or other equitable relief, or to terminate the Agreement, or to enjoin or restrain the distribution, exhibition, exploitation, or marketing of the Picture, the Soundtrack Album, or any record derived therefrom. Moreover, neither Lender nor Supervisor shall be entitled to recover money damages by reason of any breach by Company, unless Company has failed to remedy such breach within a reasonable time following receipt of Lender’s notice thereof; or, if the breach cannot be cured within a reasonable time, if Company does not commence to cure such breach within a reasonable time and diligently continue to so cure thereafter.

 

(ii) Lender acknowledges that the services to be rendered by Supervisors hereunder are of a unique and extraordinary character, the loss of which cannot be adequately compensated in damages, and that in the event of a breach or threatened breach by Lender of any term hereof, Company will be caused immediate irreparable injury and damage. Accordingly, Company shall be entitled to equitable relief to prevent such breach and to prevent Supervisors from performing services for Lender, or any third party other than Company, or on Supervisor’s own behalf. Company’s resort to any such equitable relief shall not be deemed as a waiver of any other rights or remedies to which Company may be entitled.

 

(f)             Nothing contained herein shall be deemed to constitute a partnership, joint venture, or employer/employee relationship between the parties hereto, and neither party shall hold itself out contrary to the provisions of this sentence.

 

(g)            This Agreement constitutes the entire agreement between Company and Lender with regard to the subject matter hereof, and all prior negotiations, or proposed agreements, agreements or understandings, written or oral, between Company and Lender are deemed superseded and replaced hereby. Both parties acknowledge and agree that neither party has made any agreement, representation, or warranty whatsoever, express or implied, not contained herein concerning the subject matter of this Agreement, in order to induce the other party to execute this Agreement. This Agreement may be modified only by a writing signed by the party to be bound. This Agreement, includes this agreement and any exhibits and schedules thereto, all of which are incorporated herein (“Agreement”).

 

(h)            This Agreement shall be governed by the laws of the State of Florida applicable to agreements executed and wholly performed therein and shall not be modified except by a written document executed by both parties hereto. In the event of any dispute between Lender, Company and Supervisors, the parties shall use good faith efforts to resolve such dispute and, if such attempts are unsuccessful, all parties shall submit to mediation and then arbitration (as noted below) in Duval County, Florida.

 

In the event of said mediation, Supervisors and Company will mutually select the mediator. If the parties need assistance in gathering the names of potential mediators, the parties will obtain a list provided by the American Arbitration Association, J.A.M.S., a State Mediation and Conciliation Service, or another similar agency who will assist the parties in attempting to reach a settlement of the dispute.

 

In the event the mediation noted hereunder is unsuccessful, Supervisors, Lender and Company will submit to JAMS arbitration and mutually select the arbitrator. If the parties cannot agree on an arbitrator, then a list of five (5) arbitrators, experienced with respect to the type of dispute hereunder, shall be provided by the American Arbitration Association, or from an organization of retired judges. The parties will select the arbitrator by alternately striking names from the list. The selection process will begin with the Company striking the first name from the list. The last name remaining on the list will be the arbitrator selected to resolve the controversy. Upon selection, the arbitrator shall set an appropriate time, date and place for the arbitration, after conferring with the parties to the controversy.

 

 

 

  4  

 

 

The arbitrator may award any form of equitable or legal relief that Company could recover in a court action, including, but not limited to, interim awards, provisional remedies, temporary injunctive relief, orders for specific performance, declaratory relief or damages. Any interim awards or provisional remedies or relief may be conditioned on the provision of appropriate security by the party seeking such relief. Notwithstanding the foregoing, a party who is in immediate need of an interim or provisional remedy or relief but is unable to obtain said remedy or relief, due to the fact that an arbitrator has not been selected or the arbitrator is unable to grant the requested remedy or relief, may, in accordance with applicable Florida statutes, the parties may seek from a court any interim or provisional remedy or relief that is necessary to protect the rights or property of that party. A request for an interim award or provisional remedy or relief addressed by Company to the court shall not be deemed incompatible with this Agreement, nor constitute a waiver of the right to compel arbitration.

 

The arbitrator shall issue a written opinion and award, which the arbitrator must sign and date, setting forth the legal principles and conclusions of law and fact that support each part of the opinion. Any party may apply to any court of general jurisdiction for entry and enforcement of judgment based on the arbitration award.

 

Mediation and arbitration fees and related administrative costs shall be split between the parties.

 

The arbitrator, and not any federal, state, or local court or agency, shall have the exclusive authority to resolve any dispute relating to the interpretation, applicability, enforceability, or formation of this Agreement. In the event any provision of this clause is determined to be illegal, invalid, or unenforceable, such term or provision shall be enforced to the extent permissible under the law and all remaining terms and provisions of this Agreement shall continue in full force and effect.

 

(i)             Neither Lender nor Supervisors shall select, create or recommend the use of any musical material in or in connection with the Picture if such use causes or would cause Lender and/or Supervisors to receive a financial benefit other than the compensation provided in this Agreement, regardless of whether such financial benefit takes the form of ownership of such musical material or payment from a third party for such use. Company may immediately terminate this Agreement, and demand that Lender return any compensation paid hereunder, upon discovery of any breach by Lender of this paragraph 6(i).

 

(j)             Lender acknowledges on behalf of Supervisors that any offer of employment hereunder is subject to and contingent upon Lender’s ability to prove Supervisor’s identity and employment eligibility as required by the Immigration Reform and Control Act of 1986, and Lender hereby agrees to cause Supervisor to complete, execute and deliver to Company an Employment Eligibility Verification (“Form I-9”), together with documentation of Supervisor’s employment eligibility, within a reasonable time after Lender’s execution of this agreement or commencement of services, whichever is earlier. If Lender fails to verify and deliver the Form I-9 as provided above, Company has the right, by notice to such effect given to Lender to terminate the Agreement and thereupon Supervisor’s employment hereunder shall cease and terminate and neither party has any right, duty or obligation to the other under the Agreement except such as has accrued prior to the effective date of termination.

 

(k)            Lender and Supervisors shall execute and deliver to Company such further documents, and do such other acts, consistent with the terms hereof as reasonably may be required by Company in support of its rights hereunder. If, after receipt of written request therefor, Lender and/or Supervisors fail to comply with any such request within a reasonable time, each of Lender and Supervisors hereby appoint Company as their respective attorney-in-fact with the right and power to execute, acknowledge and deliver the same in their respective names and on their respective behalf, which appointment is a power coupled with an interest and shall be irrevocable, provided that Company shall provide Lender and/or Supervisors with a copy of any document executed by Company on their respective behalf.

 

(l)             Neither Lender nor Supervisors shall disclose any information or material which would reasonably be considered confidential, including, but not limited to, by way of interview, blog, “tweet,” Instagram, online post or other publication. Lender and Supervisors are jointly and severally liable for any uncured material breaches.

 

 

 

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(m)           Any additional music rights, licensing, or compositions for any of the songs or works hereunder are all subject to the prior written approval of Company and any such additions not approved by Company shall be the sole financial responsibility of Lender.

 

AGREED AND ACCEPTED:

 

BPLA, LLC

 

By: /s/ Gary Kompothecras

Gary Kompothecras

 

an authorized signatory

 

AGREED TO AND ACCEPTED BY:

 

Lender: Critical Solutions, Inc.

 

By: /s/ Robert Munck

Robert Munck

 

an authorized signatory

 

Fed. Id. No.: __________________

 

Supervisors:

 

/s/ Barry Coffing                                   

Barry Coffing

 

/s/Andrew Lane                                   

Andrew Lane

 

 

 

 

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INDUCEMENT

 

In order to induce BPLA, LLC (“you”) to enter into the above agreement with my furnishing company, Critical Solutions, Inc.. (“my furnishing company”), and in consideration of the execution thereof by you, I guarantee both my furnishing company’s and my performance of our obligations under such agreement, as well as all representations, warranties and other covenants contained therein. I further represent and warrant that my furnishing company and I are free to enter into the above agreement, that I shall render the services required to be rendered by both my furnishing company and by me to you, and that I shall look solely to my furnishing company for any and all compensation thereunder.

 

/s/ Barry Coffing                                   

Barry Coffing

SUPERVISOR

 

 

 

In order to induce BPLA, LLC (“you”) to enter into the above agreement with my furnishing company, Critical Solutions, Inc.. (“my furnishing company”), and in consideration of the execution thereof by you, I guarantee both my furnishing company’s and my performance of our obligations under such agreement, as well as all representations, warranties and other covenants contained therein. I further represent and warrant that my furnishing company and I are free to enter into the above agreement, that I shall render the services required to be rendered by both my furnishing company and by me to you, and that I shall look solely to my furnishing company for any and all compensation thereunder.

 

/s/Andrew Lane                                   

Andrew Lane

SUPERVISOR

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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EXHIBIT “A”

 

To the attached Agreement, dated September 8, 2021, between BPLA, LLC and Critical Solutions, Inc. f/s/o Barry Coffing and Andrew Lane.

 

CERTIFICATE OF AUTHORSHIP

 

Please refer to the agreement, dated as of September 8, 2021 between Critical Solutions, Inc. (“Lender”) and BPLA, LLC (“Company”), for the Lender providing the services of both Barry Coffing and Andrew Lane (Lane and Coffing referred to as “Supervisors”) in connection with the television Picture currently entitled “The Man in the White Van”( the “Picture”). Until said agreement is fully- signed, the following shall be in full force and effect. After such signature, the following shall be subject to the terms of said agreement:

 

Each of Lender and the Supervisors certifies and agrees that in consideration of the sum of a flat fee of twenty-five thousand dollars ($25,000) and for other good and valuable consideration, receipt of which is hereby acknowledged, Company has engaged Lender to furnish Supervisors’s services for the Picture, and that all material (whether musical, lyrical, or otherwise) (“Material”) to be created, submitted, furnished, and/or contributed by Supervisors in connection with the Picture is a “work-made-for-hire,” specially ordered or commissioned by Company for use as part of a motion picture or other audio-visual work or compilation within the intendment of the United States copyright law, and Company shall be deemed the author of the Material for all purposes, and entitled to all copyrights therein (e.g., all musical work and sound recording copyrights) under the United States copyright law, and any other similar or analogous laws (whether domestic or foreign), including all existing and/or future extensions and renewals thereof, as well as the right to make such changes in the Material and such uses of the Material in any and all media, whether now or hereafter known, throughout the universe in perpetuity, as Company may from time to time determine as such author. To the extent that any rights in the Material are not work-made-for-hire, each of Lender and Supervisors hereby irrevocably assigns and transfers all such rights to Company.

 

Each of Lender and Supervisors hereby warrants that the Material is original with Supervisors (except incidental material in the public domain (provided that Supervisors advises Company in writing at the time of Supervisors’s submission to Company of any such material as to what material Supervisors used which Supervisors believes to be in the public domain)); the Material does not violate any copyright or other ownership right of any person or entity; the Material is not the subject of any litigation or claim that might give rise to litigation; and that to the best of Lender’s and Supervisors’s knowledge, or that which Lender and/or Supervisors should have known exercising reasonable prudence and diligence, the Material does not defame Company or any third party, or infringe upon or violate any right of privacy or publicity, or any other right of Company or any third party. In exchange for the consideration provided herein, each of Lender and Supervisors, and each of their successors-in-interest, heirs, executors, administrators and assigns, hereby irrevocably and unconditionally waives any and all moral rights, droit moral, and author’s rights (including, but not limited to, rental and lending rights) that Lender and/or Supervisors may have in or to the Material, and the performances embodied therein, including, but not limited to, any right or entitlement pursuant to Sections 77-80 (inclusive) of Chapter IV of the Copyright Designs and Patents Act of 1988, and any modifications thereof. Each of Lender and Supervisors further represents that neither Lender nor Supervisors has granted or transferred any rights in or to the Material to any third party, and that neither has done nor will do anything which has impaired or will impair the rights granted to Company hereunder, and that to the best of Lender’s and Supervisors’s knowledge, with the exception of material in the public domain, there has been no publication or other use of the Material anywhere in the universe.

 

Without limitation of the foregoing, Lender hereby assigns to Company in perpetuity, on behalf of itself and Supervisors, and each of their successors-in-interest, heirs, executors, administrators, and assigns, all economic rights in and to the Material and the Picture, if any, and any derivative works based thereon, which are, at any time, granted by domestic, foreign, or multinational legislation, including, but not limited to, European Union or other legislation or directives concerning remuneration pursuant to any blank audio/visual tape levy, rental, lending, neighboring, public performance rights and/or rights in respect of satellite and cable retransmission broadcasts in European Union member states or otherwise. To the extent permitted under any collective bargaining agreement which may be or become applicable, Lender acknowledges that the compensation set forth referred to herein includes fair and adequate consideration for this assignment, and that such consideration is an adequate part of the revenue derived or to be derived by Company from such rights.

 

 

 

 

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Executed as of the 8th day of September, 2021.

 

 

 

Lender:   Company:
     

By: /s/ Robert Munck

Robert Munck

 

By: /s/ Gary Kompothecras

Gary Kompothecras

Its: Director   Its: Mgr
     
Supervisors:   Supervisors:
     
Barry Coffing:   Andrew Lane
/s/ Barry Coffing                                      /s/Andrew Lane                                   

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

  9  

 

 

Exhibit “B”

Cues for delivery

and deadlines

 

 

MUSIC SUPERVISOR: MUSIC CUES TO DELIVER

(Script pages noted below)

 

MUSIC CUES

 

Sc. 11 (Page 5)

CUE 1. Lynyrd Skynyrd “Free Bird”

or other actual Southern Rock Track

Note: Need a real original song to suggest Annie’s appreciation of Southern Rock. This will carry over to her conversations with Mark.

 

CUE 2. Margaret’s music blasts!

Note: Suggest a different style of music from Annie but period appropriate

 

Sc. 17

CUE 2.A DO

This is youth choir sings in church.

 

Sc. 40 (page. 20)

CUE 3: open to suggestion - for dance

CUE 4: Air Supply’s “I’m All Out Of Love” (re-record)

 

Sc. 66 (page 32)

Creative Reference for Cue 1.

ANNIE: I like Creedence, Marshall Tucker, Doobie Brothers, Allman Brothers, Little Feat, Black Oak Arkansas...

MARK: Skynyrd?

ANNIE: Definitely! (mildly impressed) Free Bird‘s kind of my go to... That or Midnight Rider.

 

ALL THE FOLLOWING “HAPPY TOGETHER” NEED TO BE SIGNED/SECURED BY: SEPT. 20, 2021

 

Creative Reference for Cue 5

verbal mention of song “Happy Together”

 

Sc. 87 (page 40)

The Turtles “Happy Together”

visual: album cover art work - The Turtles “Happy Together”

 

 

 

  10  

 

 

Sc. 88 (page 40)

visual: physical record - The Turtles “Happy Together”

 

Sc. 89 & Sc. 90 (page 40)

CUE 5: Annie plays The Turtles “Happy Together”

 

Sc. 181 -183 (page 85)

CUE 10: The Turtles “Happy Together” plays from the Van’s 8track stereo.

 

Sc. 183 (page 86)

CUE 11: The Man whistles the “Happy Together” melody

 

REMAINING CUES

 

Sc.. 92, 93, 94 (Page 41-42)

CUE 6: Music BLARES from Margaret’s room

Supervisors may suggest a different style of music from Annie but period appropriate

 

Sc. 172 (page 80)

CUE 7: Background track 1 at Halloween Party

 

Sc. 173 (page 81)

CUE 8: Background track 2 at Halloween Party

 

Sc. 175 (page 81)

CUE 9: Background track 3 at Halloween Party

 

Sc. 194 (page 90)

CUE 12: Margaret listens to an LP while talking on the phone

 

Sc. 197 (page 91)

CUE 13: Margaret still phone with Kyle and listening to music.

 

Sc. 200 (page 92)

CUE 14” Margaret puts on a new LP as the phone rings.

 

 

 

 

 

 

  11  

Exhibit 12.1

 

Suares & Associates

Attorneys at Law

833 Flatbush Avenue

Suite 100

Brooklyn, New York 11226

dsuares@suaresassociates.com

 

Tel: 718-622-8450 Fax: 718-282-3113

 

November 5, 2021

 

Board of Directors

E Med Future, Inc.

4054 Sawyer Road

Sarasota, FL 34233

 

Re: E Med Future, Inc., Regulation A+, Tier 1 Offering

 

VIA ELECTRONIC DELIVERY

 

Gentlemen:

 

I have acted, at your request, as special counsel to E Med Future, Inc., a Nevada corporation, (“E Med Future, Inc.”) for the purpose of rendering an opinion as to the legality of 200,000,000 shares of E Med Future, Inc. common stock, par value $0.001 per share to be offered and distributed by E Med Future, Inc. (“Shares”), pursuant to an Offering Statement as filed under Regulation A of the Securities Act of 1933, as amended, by E Med Future, Inc. with the U.S. Securities and Exchange Commission (the "SEC") on Form 1-A, for the purpose of registering the offer and sale of the Shares (“Offering Statement”).

 

For the purpose of rendering my opinion herein, I have reviewed statutes of the State of Nevada, to the extent I deem relevant to the matter opined upon herein, certified or purported true copies of the Articles of Incorporation of E Med Future, Inc. and all amendments thereto, the By-Laws of E Med Future, Inc., selected proceedings of the board of directors of E Med Future, Inc. authorizing the issuance of the Shares, certificates of officers of E Med Future, Inc. and of public officials, and such other documents of E Med Future, Inc. and of public officials as I have deemed necessary and relevant to the matter opined upon herein. I have assumed, with respect to persons other than directors and officers of E Med Future, Inc., the due and proper election or appointment of all persons signing and purporting to sign the documents in their respective capacities, as stated therein, the genuineness of all signatures, the conformity to authentic original documents of the copies of all such documents submitted to me as certified, conformed and photocopied, including the quoted, extracted, excerpted and reprocessed text of such documents.

 

Based upon the review described above, it is my opinion that the Shares are duly authorized and when, as and if issued and delivered by E Med Future, Inc. against payment therefore, as described in the offering statement, will be validly issued, fully paid and non-assessable.

 

I have not been engaged to examine, nor have I examined, the Offering Statement for the purpose of determining the accuracy or completeness of the information included therein or the compliance and conformity thereof with the rules and regulations of the SEC or the requirements of Form 1-A, and I express no opinion with respect thereto. My forgoing opinion is strictly limited to matters of Nevada corporation law; and, I do not express an opinion on the federal law of the United States of America or the law of any state or jurisdiction therein other than Nevada, as specified herein.

 

I hereby consent to the filing of this opinion as Exhibit 12.1 to the Offering Statement and to the reference to our firm under the caption “Legal Matters” in the Offering Circular constituting a part of the Offering Statement. We assume no obligation to update or supplement any of the opinion set forth herein to reflect any changes of law or fact that may occur following the date hereof.

 

 

Very truly yours,

 

 

/s/ Donnell Suares               

Donnell Suares, Esq.