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Daddy Rick

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Daddy Rick

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Tuesday, 09/10/2019 9:18:08 AM

Tuesday, September 10, 2019 9:18:08 AM

Post# of 32995
New 8K: ITEM 8.01 Other Events

2050 Motors, Inc. hereby files this Form 8K to clarify erroneous and incomplete information distributed regarding compensation given to its CEO, Vikram Grover. Year-to-date since his employment with the Company on March 5, 2019, Grover has received cash compensation from his annual employment agreement of $25,178.75. Further, on August 26, 2019, Grover converted $25,000.00 of accrued compensation into 125,000,000 common stock equivalents (CSEs) in the form of 125,000 Series B Convertible Preferred Stock.
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