Nate's Food Company (NHMD): “Note 8 - Commitments and Contingencies...

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Nate's Food Company (NHMD)

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Saturday, 07/07/2018 8:57:33 PM

Saturday, July 07, 2018 8:57:33 PM

“Note 8 - Commitments and Contingencies

Agreements

On December 21, 2017, the Company entered into a consulting agreement for the term of 1 year. The Company shall issue 80,000,000 shares of common stock valued at $80,000. 15,000,000 shares were immediately issued, and the remaining 65,000,000 shares shall be issued if the consultant makes achievements (” Hurdle”). If the consultant fails to achieve Hurdle within 9 months, the Company shall have the right to redeem 65,000,000 shares.

On December 21, 2017, the Company entered into a consulting agreement for the term of 1 year. The Company shall issue 120,000,000 shares of common stock valued at $120,000. 15,000,000 shares were immediately issued, and the remaining 105,000,000 shares shall be issued if the consultant makes achievements (” Hurdle”). If the consultant fails to achieve Hurdle within 9 months, the Company shall have the right to redeem 90,000,000 shares.”

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