On February 5, 2018, Go Eco Group, a Nevada corporation (the "Company") entered into a Mutual Recission and Release with Medsites Services, LLC whereby the parties agreed to mutually rescind the Stock Exchange Agreement between the parties and releasing each party from any liabilities for damages, claims or causes of action arising from the Stock Exchange Agreement. Per the terms of the Mutual Release and Rescission, Medsites Servies, LLC agreed to pay a "break-off" fee of $40,000.00 to be paid in payments over sixty (60) days from the execution of the Mutual Release and Rescission.
Section 8 – Other Events.
On January 23, 2018, the Company created a wholly owned subsidiary, BitWhisper, LLC, in the state of Nevada. The purpose of the subsidiary is to be a special purpose vehicle for exploring operations in crypto-currency mining. The Company has no intentions of offering crypto-currencies, whether as security tokens or utility tokens, to the public.
As the Company has determined to change the direction of operations, the Board of Directors has begun to set in motion plans for a name change. The Company will be filing a Preliminary Schedule 14C within the next ten (10) days.
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