Wolf Energy Services Inc (WOEN)

[Teliz2009]

On June 9, 2020 the holders of outstanding options to purchase 13,365,000 shares of common stock of Enviro Technologies, Inc. exercised such options in accordance with their terms. Exercising option holders included John A. DiBella, our Chief Executive Officer and member of the Board of Directors, Raynard Veldman, a member of the Board of Directors and Adele DiBella, a principal shareholder, among other option holders. The total exercise price of $133,650 was offset by a reduction in the amounts owed to certain of the exercising option holders. The option holders were either accredited or sophisticated investors who had access to business and financial information on our company, and the issuances were exempt from registration under the Securities Act of 1933, as amended, in reliance on exemptions provided by Section 3(a)(9) of that act.