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Re: iLluSiOnofPrOgReSs post# 54396

Friday, 08/30/2019 2:06:11 PM

Friday, August 30, 2019 2:06:11 PM

Post# of 70650
His 'customer' for extraction equipment would most likely be Proscere Bioscience Inc., not SIML (and Baron Tennelle or Victoria Boltrick, not the CEO of SIML).

So he may have answered correcty to the question you asked, LOL.

https://www.otcmarkets.com/filing/html?id=13225931&guid=IreIUHnuV58JX3h

"Item 1.01 Entry into a Material Definitive Agreement

On January 9, 2019, we entered into an Asset Purchase Agreement with Proscere Bioscience Inc.., a Florida Corporation, and pursuant with the Asset Purchase Agreement that the Board of Directors has authorized; whereas the Board of Directors, with majority vote, has authorized that the Seller shall sell, assign and transfer all of its right, title and interest to its fixed assets and “know how” to the Buyer (collectively, the “Seller’s Assets”). The Buyer and the Seller mutually agree that Seller will assign certain assets, and provide the “Know-How”. The assets pursuant to the Exclusive Distribution & License Agreement dated 01/09/19 are valued at $3,000,000.00. As consideration for the assets and the “Know -How”, the Buyer shall issue, or cause to be issued, $3,000,000.00 worth of Preferred Series A Stock (PAR $.001) three (3) days from the date of this agreement. The number of shares to be issued is 1,675,978 of the Preferred Series A stock at a price of $1.79 per share and convertible pursuant the conversion rights as specified in the Articles of Incorporation for SIML. Proscere Bioscience Inc. will become a wholly owned subsidiary of Simlatus Corporation.

Proscere Bioscience is in the business of manufacturing and distribution of agricultural products, inclusive of cold-water CBD extraction technology and aeroponic grow containers for use in commercial and private cannabis growing industries, as well as government regulated food-safety growing facilities, and commercial food distribution industries.

Item 5.02 Departure of Directors of Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers

The Board of Directors appointed Baron Tennelle as a Director of Simlatus and President of Proscere Bioscience, Inc., a wholly owned subsidiary of Simlatus, effective January 9, 2019. Mr. Tennelle’s Director Agreement and Employment Agreement is an exhibit to this document. He will receive an annual salary of $45,000 paid out quarterly in either cash or stock at the current fair market value of the stock at time of conversion.

Baron Tennelle is 39 years old and attended Mesa College in San Diego, California where he studied mathematics. He attended Blackstone Career Institute in San Diego to study law under a Legal Assistant program regarding real property, torts, personal injury, contracts and partnerships. His 12 years in business has afforded him the experience in working in management positions for service oriented companies, along with sales and marketing. His recent 4 years have landed him experience as a Data Analyst for Restaurant Revolution Technologies, and a paralegal for Miller Legal Llp . Mr. Tennelle will oversee the business direction and maintain core business objectives and compliance for Proscere Bioscience.

The Board of Directors appointed Victoria Boltrick as a Director of Simlatus and Vice President of Proscere Bioscience, Inc., a wholly owned subsidiary of Simlatus, effective January 9, 2019. Ms. Boltrick’s Director Agreement and Employment Agreement is an exhibit to this document. She will receive an annual salary of $45,000 paid out quarterly in either cash or stock at the current fair market value of the stock at time of conversion.

Victoria Boltrick is 30 years old and attended Grand Valley State University in Allendale, Michigan where she studied Business Administration and continued her graduate work at the University of Tennessee in Knoxville and graduated and received a Business of Science Degree in Communications and Advertising with a minor in Business. She brings 10 years’ experience in business and marketing, and has worked with Go-Capital in providing direct marketing platforms and with The Folsom Corporation where she developed process improvements to provide security architecture for their receivable accounting systems. Ms. Boltrick will spearhead the Proscere Bioscience operations in developing distribution and marketing channels to place products."

https://www.otcmarkets.com/filing/html?id=13225931&guid=IreIUHnuV58JX3h#EX10-4_HTM

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