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News out!! THE SUSTAINABLE GREEN TEAM, LTD A Delaware

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garrox   Sunday, 04/11/21 08:00:36 PM
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News out!!
THE SUSTAINABLE GREEN TEAM, LTD
A Delaware corporation
24-200 County Road Astatula, FL 34705
Telephone: (407) 886-8733 Corporate Website: www.thesustainable- greenteam.com Corporation Email: info@nationalarbor- care.com
SIC:0783
Annual Report For the Fiscal Year Ending:
January 2, 2021 (the !Reporting Period”)
As of January 2, 2021, the number of shares outstanding of our Common Stock was 89,168,405.
As of the quarter ended September 30, 2020, the number of shares outstanding of our Common Stock was 89,168,405.
As of the fiscal year ended December 31, 20191, the number of shares outstanding of our Common Stock was 43,752,636.
Indicate by check mark whether the company is a shell company (as defined in Rule 405 of the Securities Act of 1933 and Rule 12b-2 of the Exchange Act of 1934):
Yes: No:
Indicate by check mark whether the company’s shell status has changed since the previous reporting period: Yes: No:
Indicate by check mark whether a Change in Control of the company has occurred over this reporting period: Yes: No:
1) Name of the issuer and its predecessors (if any).
The immediate predecessor of The Sustainable Green Team, Ltd., a Delaware corporation (the “Company”, “we”, “us”, “our”, or “SGTM”) was National Storm Recovery, Inc. (“NSRI”), a Wyoming corporation, which held all of the member- ship interests in National Storm Recovery, LLC (“NSR LLC”), a Florida limited liability company. The management team of NSRI determined that it was in the best interest of the Company and its shareholders to change domiciles for both NSRI and NSR LLC to the State of Delaware for the purpose of reorganizing the Company and its operations into a holding com-
1 On or around January 31, 2020, the Company acquired all of the shares of Mulch Manufacturing, Inc. As of the date of this Annual Report, Mulch Manufacturing, Inc. is the Company’s largest operating subsidiary. As such, the Company has adopted the period end dates conforming to the indus- try standards used by Mulch Manufacturing, Inc., These period end dates follow a 52/53 week fiscal year which ends on the Saturday nearest to De- cember 31. Therefore, the Company’s 2019 fiscal year end date stated in its Condensed Consolidated Financial Statements is December 28, 2019. In this Annual Report, the Company refers to its 2019 fiscal year end date as December 31, 2019 for consistency with previous Annual Reports filed by the Company – however, the Company may update this going forward in future reports.
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pany structure, pursuant to Delaware General Corporation Law (“DGCL”) §251(g). In December 2019, NSRI and NSR LLC were re-domiciled to the State of Delaware. After the domicile changes, NSRI incorporated SGTM as a wholly owned subsidiary and NSR LLC issued membership interests to SGTM. SGTM then incorporated Sierra Gold Merger Corp. (“SGMC”) as its wholly owned subsidiary. With each of the new corporations formed, NSRI merged down into SGMC, with SGMC surviving as a wholly owned subsidiary of SGTM. The assets and liabilities of NSRI were succeeded to by SGMC. As part of the merger agreement, the issued and outstanding shares of NSRI were exchangeable into shares of SGTM on a one for one basis. Similarly, the equity securities held by NSRI in SGTM and NSR LLC were canceled under the terms of the merger agreement leaving SGTM as the sole shareholder and member of SGMC and NSR LLC, respective- ly. The Company obtained Financial Industry Regulatory Authority (“FINRA”) approval and published a press release an- nouncing the forgoing and allowing the Company to trade under the name “The Sustainable Green Team, Inc.” and new trading symbol, SGTM.
Currently, the Company is incorporated and in good standing in the State of Delaware under the name The Sustainable Green Team, Ltd., the Company’s original predecessor was incorporated in the State of Nevada on January 22, 1997 under the name Alpha Diamond Corporation. The Company changed its name to African Resources on June 28, 1998, to Viking Exploration, Inc. on April 9, 1999 and then to Sierra Gold Corporation on July 12, 2006. Then on February 15, 2011, Sier- ra Gold Corporation changed its domicile to the State of Wyoming by filing Articles of Continuance with the Wyoming Secretary of State. On July 22, 2019 the Company changed its name to National Storm Recovery, Inc. by filing a Certifi- cate of Amendment with the Wyoming Secretary of State’s office. The Company then notified the Financial Industry Regu- latory Authority (“FINRA”) of its name change, as well as the resolution it had passed to effect a 1:10,000 reverse stock split and, as part of its name change, effected a voluntary change in its trading symbol, all of which were approved for an- nouncement by FINRA on or about August 22, 2019. Finally, the Company changed domiciles to the State of Delaware by filing a Certificate of Conversion and Certificate of Incorporation with the Delaware Division of Corporations, Secretary of State’s office on December 30, 2019 as part of its plan to reorganize into a holding company pursuant to DGCL§251(g). The Company has now changed its name to The Sustainable Green Team, Ltd. and trading symbol to SGTM after obtaining FINRA approval on July 21, 2020.
Describe any trading suspension orders issued by the SEC concerning the issuer or its predecessors: None
List any stock split, stock dividend, recapitalization, merger, acquisition, spin-off, or reorganization either currently antici-
pated or that occurred within the past 12 months:
" On April 18, 2019 the Company entered into an agreement with National Storm Recovery, LLC and its sole mem- ber that would effect a change of control of the Company and included a share/membership interest exchange that would result in National Storm Recovery, LLC becoming a wholly owned subsidiary of the Company.
" On August 22, 2019 the Company received approval from FINRA to announce a 1:10,000 reverse stock split, name and trading symbol change. These corporate actions were in anticipation of a stock/equity exchange and split in anticipation of the membership interest/share exchange with the Company and National Storm Recovery, LLC. The Company determined to establish itself with the structure of a holding company, however in anticipation of the share/membership interest exchange it began operating with National Storm Recovery, LLC held for the bene- fit of the Company until it could affect the aforementioned holding company structure.
" On December 30, 2019 the Company changed domiciles from the State of Wyoming to the State of Delaware by filing a Certificate of Conversion and Certificate of Incorporation with the Delaware Secretary of State.
" On December 31, 2019 the National Storm Recovery, Inc., a Delaware corporation (“NSRI”) established The Sus- tainable Green Team, Ltd., a Delaware corporation (“SGTM”) as its wholly owned subsidiary and SGTM estab- lished Sierra Gold Merger Corp., a Delaware corporation (“SGMC”), as its wholly owned subsidiary; all in antici- pation of its holding company structure under DGCL §251(g). Immediately thereafter, NSRI merged into SGMC with SGMC surviving and NSRI’s separate existence ceasing. Pursuant to DGCL §251(g) and the terms of the Agreement and Plan of Merger entered into pursuant to it (the “251(g) Merger”), each share of NSRI was ex- changeable into a share of SGTM. As a result of the 251(g) Merger and completion of FINRA’s review and ap- proval to announce these corporate actions, SGTM has become the publicly traded successor to NSRI. After the 251(g) Merger, The Sustainable Green Team, Ltd. held two subsidiaries: Sierra Gold Merger Corp. and National Storm Recovery, LLC.
" On January 31, 2020, National Storm Recovery, Inc. (N/K/A The Sustainable Green Team, Ltd., a Delaware cor- poration) entered into a Business Combination Agreement with Mulch Manufacturing, Inc., an Ohio corporation and its sole shareholder Ralph Spencer, pursuant to which the Company agreed to exchange 40 million shares of its common stock in exchange for all of the issued and outstanding shares of stock of Mulch Manufacturing, Inc. The effect of this share exchange was that Mulch Manufacturing, Inc. became a wholly owned subsidiary of the Company. The transaction was intended to be a tax-free reorganization under I.R.C. 368(a). See “5) Issuer’s Busi- ness, Products and Services” of this Annual Report and Note 6 of the Notes to Financial Statements in the Compa-
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ny’s Consolidated Financial Statements and Notes thereto for the period ending January 2, 2021 posted separately on OTC Markets, which are incorporated by reference to this Annual Report for further information.
The Company, pre-change in domicile and pre-DGCL §251(g) reorganization, had 3,500,000,000 total shares authorized, of which 3,499,000,000 are designated as Common Shares, $0.001 par value. Out of the 3,499,000,000 shares of Common Stock available for issuance as of December 31, 2019, immediately preceding the aforementioned changes, 43,752,636 shares of such shares of Common Stock were issued and outstanding; and out of the 3,500,000,000 shares of capital stock, 1,000,000 were authorized as Preferred Stock, no par value, of which 100 shares were designated as Series A Preferred Shares, 90 of which were issued and outstanding. The shares that were transferred to the member of National Storm Recov- ery, LLC as part of the change of control of the Company were transferred on or around October 11, 2019. As part of the Company’s reorganization under the DGCL §251(g) transaction and the change of domiciles to Delaware preceding it, the Company decreased its total authorized shares of capital stock to 250,000,000 with 245,000,000 shares designated as Com- mon Stock, $0.0001 par value, out of which 43,750,790 would have been issued and outstanding as of December 31, 2019 had the exchange called for under the DGCL §251(g) reorganization taken place at that time, and 5,000,000 shares are au- thorized for issuance as Preferred Stock, $0.0001 par value, of which 100 shares are designated as Series A Preferred Stock, out of which 90 shares are exchangeable for the shares of National Storm Recovery, Inc.. The exchange of shares under DGCL §251(g) may take place at any time. All shares issued as of the date of the merger and those issued subsequent to it will be exchangeable into shares of The Sustainable Green Team, Ltd.
The address(es) of the issuer’s principal executive office: 24-200 County Road, Astatula, FL 34705
The address(es) of the issuer’s principal place of business:
Check box if principal executive office and principal place of business are the same address: ?
Has the issuer or any of its predecessors been in bankruptcy, receivership, or any similar proceeding in the past five years? Yes: ?No: ?
If this issuer or any of its predecessors have been the subject of such proceedings, please provide additional details in the space below:
N/A
2)
Security Information
Trading symbol:
Exact title and class of securities outstanding: CUSIP:
Par or stated value:
Total shares authorized:
Total shares outstanding:
Number of shares in the Public Float: Total number of shareholders of record:
SGTM
Common Stock
86934B 10 5
$0.0001
245,000,000 as of date: January 2, 2021 89,168,405 as of date: January 2, 2021 601,936 as of date: January 2, 2021 138 as of date: January 2, 2021
Transfer Agent
Name: Pacific Stock Transfer Company Phone: (702) 361 - 3033
3

Email: Joslyn@pacificstocktransfer.com Address: 6725 Via Austi Parkway, Suite 300 Las Vegas, Nevada 89119
Is the Transfer Agent registered under the Exchange Act? Yes:? 3.) Issuance History
A. Changes to the Number of Outstanding Shares
No: ?
Shares Outstanding as of Second Most Recent Fiscal Year End:
Opening Bal-
ance
Date: December 31, 2019
Common: 43,752,636
Date of Transaction
Transac- tion type (e.g. new issuance, cancella- tion, shares returned to trea- sury)
Number of Shares Issued (or cancelled)
Class of Securities
Value of shares issued ($/ per share) at Issuance
Were the shares is- sued at a discount to market price at the time of is- suance? (Yes/No)
Individual/ Entity Shares were issued to (entities must have individual with voting / invest- ment con- trol dis- closed).
Reason for share is- suance (e.g. for cash or debt con- version)
-OR- Nature of
Services Pro- vided
Restricted or Unrestricted as of this filing.
Exemption or Registration Type.
1/31/2020
New
40,000,0001
Common Stock
$0.15
No
Ralph Spencer
Exchange
Restricted
4(a)2
2/26/2020
New
4,000,0002,
Common Stock
$0.33
Yes
Thistle Investments LLC, Jodi Stevens3
In connection with Sierra Exchange
Restricted
4(a)2
4/1/2020
Cancellation
(1,000,000)1,4
Common Stock
$0.80
Yes
Ralph Spencer
Exchange
Restricted
4(a)2
4/9/2020
New
1,000,000
Common Stock
$0.24
Yes
Tony Eve- land
Subscription
Restricted
4(a)2
5/14/2020
New
25,0005
Common Stock
$0.35
Yes
GHS In- vestments LLC, Sar- fraz Hajee6
In connection with Sierra Exchange
Restricted
4(a)2
5/20/2020
New
250,000
Common Stock
$0.40
Yes
Tony Eve- land
Subscription
Restricted
4(a)2
5/20/2020
New
786,045
Common Stock
$0.40
Yes
Tony & Dana Eve- land
Debt conver- sion
Restricted
4(a)2
6/12/2020
New
354,724
Common Stock
$0.58
Yes
Kent Hamill & Cathy Hamill
Debt conver- sion
Restricted
4(a)2
Shares Outstanding on Date of This Report:
Ending Balance: Date: January 2, 2021
Common: 89,168,405
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1.
2.
3. 4.
5. 6.
B.
Date of Note Issuance
9/25/18
1/31/20202 1/31/20203
4/5/2020
5/15/2020
These shares were issuable as of the date of the share exchange pursuant to the Business Combination Agreement between the Company, Mulch Manufacturing, Inc. an Ohio corporation and the sole exchanging shareholder of Mulch Manufacturing, Inc., Ralph Spencer. Also in connection with the issuance of these shares, the shares granted earlier were cancelled in accordance with the Business Combination Agreement that was exe- cuted by and among the parties thereto. The shares were due to Mr. Spencer on closing notwithstanding the fact that they were actually issued thereafter.
4 million shares were issued during the period under the Amended and Restated Share Purchase and Equity Exchange Agreement dated to be effec- tive as of December 31, 2019 in connection with the change of control of Sierra Gold Corporation.
Jodi Stevens has sole dispositive power over the shares.
These shares were canceled in accordance with the Business Combination Agreement that was executed by and among the parties effective 1/31/20.
These shares were issued in connection with the change of control of Sierra Gold Corporation. Sarfraz Hajee has sole dispositive power over the shares.
Debt Securities, Including Promissory and Convertible Notes*
Outstanding Balance ($)
$244,656
$17,856,408 $4,000,000
$1,458,200
$154,928
Principal Amount at Issuance ($)
$342,550
$21,643,025 $6,000,000
$1,458,200
$154,928
I n t e r e s t Accrued
5% APR
4% APR 3% APR
1% APR
1% APR
Maturity Date
11/1/2023 1/31/2022
See Footnote3
4/5/2022
5/15/2022
Conversion Terms (e.g. pricing mech- anism for determining conversion of instrument to shares)
Not convertible
Not Convertible Not Convertible
Not Convertible
Not Convertible
Name of Noteholder (entities must have individ- ual with voting / in- vestment control dis- closed).
Ogden’s Incor- porated, Stephen Ogden
Ralph Spencer John Spencer
JPMorgan Chase
Wells Fargo Bank
Reason for Is- suance (e.g. Loan, Services, etc.)
Purchase of business
Sale of Assets
Legacy debt to former shareholder
Paycheck Protection Program for Mulch Mfg
Paycheck Protection Program for NSR LLC
4)
A.
* The debt securities listed in this table represent the outstanding obligations of the Company and its subsidiaries on a consolidated basis as of the date of this Annual Report. The Company has not listed any notes payable in connection with traditional equipment financing, which is considered part of the Company’s ordinary course of business.
1.) Note was entered into by Sierra Gold Company and subsequently amended then amended again in the form of an extension agreement that will be paid by The Sustainable Green Team, Ltd. in equal $5,000 monthly installments.
2.) Initially this note was a demand note but has been revised under the Business Combination Agreement to be a 2-year term loan.
3.) This note was an existing obligation of Mulch Manufacturing, Inc. Beginning on June 1, 2021 and then on December 1, 2021, continuing thereafter until the note is paid in full the Company is obligated to pay $300,000 in semi-annual installments of not less than $600,000 per year until the note is paid in full. The note does not have a stated maturity date, but if the current pay-schedule is followed, the note will be repaid by January 31, 2030. The note has customary default provisions, and any unpaid balances accrue with interest on a monthly basis.
Financial Statements
The following financial statements were prepared in accordance with: 5

?U.S. GAAP # IFRS
B. The financial statements for this reporting period were prepared by (name of
individual): Name: Title:
Relationship to Issuer:
J, Scott Siefker, CPA CFO
Chief Financial Officer
C.Balance Sheet – Incorporated by Reference to the Consolidated Financial Statements and Notes thereto for the period ending January 2, 2021 posted separately on OTC Markets on March 29, 2021.
D.Statement of Income -– Incorporated by Reference to the Consolidated Financial Statements and Notes thereto for the periods ending January 2, 2021 posted separately on OTC Markets on March 29, 2021.
E.Statement of Cash Flows – Incorporated by Reference to the Consolidated Financial Statements and Notes thereto for the periods ending January 2, 2021 posted separately on OTC Markets on March 29, 2021.
F.Statement of Changes in Shareholders’ Equity – Incorporated by Reference to the Consolidated Financial Statements and Notes thereto for the period ending January 2, 2021 posted separately on OTC Markets on March 29, 2021.
G.Financial Notes – Incorporated by Reference to the Consolidated Financial Statements and Notes thereto for the period ending January 2, 2021 posted separately on OTC Markets on March 29, 2021.
5) Issuer$s Business, Products and Services
A. Summary of the Company’s Business Operations:
The Sustainable Green Team, Ltd. (F/KA National Storm Recovery, Inc), together with its subsidiaries Sierra Gold Merger Corp., National Storm Recovery, LLC and Mulch Manufacturing, Inc., is a vertically integrated, next generation mulch manufacturing company, whose operations begin with the acquisition of wood-based, feedstock and other natural materials used for its next-generation mulch products. The acquisition of its feedstock is a significant, differentiating, factor of the Company’s operations that sets it apart from and is not shared by its competitors, in that: i) its operations, including the strategic partnership that it has with a large waste management company, have a positive impact on the environment; and ii) the acquisition process for its feedstock is an additional source of revenue for the Company. All companies that produce and sell mulch require for their production, feedstock material from which they produce their final products. For those companies who produce wood based mulch, the acquisition of their feedstock, like lumber production, has historically been centered on harvesting trees or sourcing their supply; and for those manufacturers, gross margins generally, are materially affected by, if not dependent on, an ability to secure consistent low cost supplies of tree material/ wood.
Through its wholly owned subsidiary, National Storm Recovery, LLC, the Company operates its tree services division that provides tree trimming and maintenance services, hauling, removal, disposal, collection and storage of tree debris generat- ed by its maintenance and its disaster recovery and clean-up services. The Company’s mulch products have also been man- ufactured for sale under National Storm Recovery, LLC. These operations will be handled under Mulch Manufacturing, Inc., an Ohio corporation.
B. Description of the Constituent Entities of the Company:
Currently incorporated and in good standing in the State of Delaware under the name “The Sustainable Green Team, Ltd.”, the Company’s original predecessor was originally incorporated in the State of Nevada on January 22, 1997 under the name Alpha Diamond Corporation. The Company changed its name to African Resources on June 28, 1998 to Viking Explo- ration, Inc. on April 9, 1999 and then to Sierra Gold Corporation on July 12, 2006. Then on February 15, 2011 Sierra Gold Corporation changed its domicile to the State of Wyoming by filing Articles of Continuance with the Wyoming Secretary of State. Thereafter, on July 22, 2019 in preparation for an anticipated share/equity exchange with National Storm Recovery, LLC, the Company changed its name to National Storm Recovery, Inc., by filing a Certificate of Amendment with the Wyoming Secretary of State’s office. The Company then notified the Financial Industry Regulatory Authority (“FINRA”) of its name change, as well as the resolution it had passed to effect a 1:10,000 reverse stock split and as part of its name change, effected a voluntary change in its trading symbol, all of which were approved for announcement by FINRA on or about August 22, 2019. The Company changed domiciles to the State of Delaware by filing a Certificate of Conversion and Certificate of Incorporation with the Delaware Division of Corporations, Secretary of State’s office on December 30, 2019 as part of its plan to reorganize into a holding company pursuant to DGCL §251(g) as previously contemplated and agreed to by Sierra Gold Corporation and National Storm Recovery, LLC in their Amended and Restated Share Purchase and Equi-
6

ty Exchange Agreement, and in anticipation of a transaction with Mulch Manufacturing, Inc. The Company has changed its name to The Sustainable Green Team Ltd and trading symbol to SGTM in connection with its reorganization into a holding company pursuant to DGCL §251(g), after obtaining FINRA approval and has formally announced this action.
National Storm Recovery, Inc., a Wyoming corporation, previously known as Sierra Gold Corporation, a Wyoming corpo- ration, executed a share/membership exchange agreement with the managing member of National Storm Recovery, LLC, a Florida corporation, as a path for National Storm Recovery, LLC to become publicly traded. Following, execution of that agreement and prior to closing, the Managing Member of National Storm Recovery, LLC, and National Storm Recovery, Inc. each agreed that the business plan and operations of National Storm Recovery, LLC could be accommodated best with the publicly traded company (its successor The Sustainable Green Team, Ltd.), as the parent corporation and the operating companies, as wholly owned subsidiaries. This is best accomplished under Delaware General Corporation Law (“DGCL”) §251(g) for three primary reasons. First because Delaware has a specific statute that provides for the exact process and structure that is needed; Second, because it ensures that there are no contingent and unrecorded liabilities that could impact new investors. Third, because the management’s business plan calls for expansion that comes, in part, from strategic acqui- sitions with companies that are both accretive to earnings and that are positioned for rapid growth from the synergistic op- portunities that management identifies. One of the requirements of DGCL§251(g) is that each of the entities must be a Del- aware entity and the corporations must have certificates of incorporation that are the same as each other. Therefore the in- formation provided in this report regarding securities will be the same for each entity, even for National Storm Recovery, LLC, although the statute does not specifically require this. Thus the shares of National Storm Recovery, Inc. issued and outstanding prior to the reorganization will be the same number of issued and outstanding shares for The Sustainable Green Team, Ltd. and shareholders may begin exchanging their shares for shares of The Sustainable Green Team, Ltd.
Effect of DGCL §251(g) in Doing Business with the Company and on Trading of Common Stock.
As of the date of this report, the holding company structure has been approved and all of the requirements under DGCL §251(g) have been met so the Company has already taken each of the steps required under state law to legally effect that reorganization. Therefore, as a matter of law, The Sustainable Green Team, Ltd. is the successor publicly traded company. Thus for purposes of transacting business with the Company, the proper name (and actual entity) is, and will continue to be from this point on, The Sustainable Green Team, Ltd. (note that the Secretary of State’s Office in Delaware ignores “the” as the first word in a company name, but the Certificate of Incorporation states it is “The” Sustainable Green Team, Ltd.. The Delaware Secretary of State’s Office has processed: 1.) the change in corporate domiciles of National Storm Recovery, Inc., a Wyoming corporation to National Storm Recovery, Inc. a Delaware corporation (which was required in order to work under and apply Delaware law); 2.) the change in domiciles of National Storm Recovery, LLC, a Florida limited liability company to National Storm Recovery, LLC, a Delaware limited liability company (which was required in order to work under and apply Delaware law); 3.) the incorporation of The Sustainable Green Team, Ltd., a Delaware corporation and Sierra Gold Merger Corp., a Delaware corporation and 4.) the Certificate of Merger under DGCL §251(g) for National Storm Recovery, Inc. a Delaware corporation. Therefore, with the forgoing processed, the reorganization has been complet- ed and anyone wishing to enter into an agreement with the parent publicly traded company will enter into it with “The Sus- tainable Green Team, Ltd.” The shares of National Storm Recovery, Inc., formerly a Wyoming corporation, that are trading in the market and any that were or are subsequently issued will be exchanged for shares of The Sustainable Green Team, Ltd. on a one for one basis.
Pre-DGCL §251(g) Reorganization
National Storm Recovery, Inc., formerly a Wyoming corporation, is the beneficial owner of National Storm Recovery, LLC, a Florida limited liability company.
Post-DGCL §251(g) Reorganization
The Sustainable Green Team, Ltd. holds three subsidiaries, Sierra Gold Merger Corp., National Storm Recovery, LLC and Mulch Manufacturing, Inc., which was acquired effective January 31, 2020.
Mulch Manufacturing, Inc.
For a description of Mulch Manufacturing, Inc.’s facilities, see Section 6 of this Annual Report.
C. Description of the Company and its Subsidiaries’ Principal Products, Services and Markets:
The Company operates primarily through its wholly-owned operating subsidiaries. The principal products of each of the Com- pany$s operating subsidiaries is described below.
National Storm Recovery, LLC
7

National Storm Recovery, LLC (DBA Central Florida ArborCare) was initially founded to provide tree maintenance, disas- ter recovery, debris hauling, removal, and disposal services. Each of these services is provided to residential, commercial and governmental customers and was structured to drive revenue for the company. Examples include the company’s multi- year contract with the Town of Oakland, Florida, (an area known for its large old oak trees), for emergency debris hauling and tree removal; and its multi-year contract with the Orange County Florida School District, (covering 267 properties, that includes schools, administrative sites and maintenance facilities) for tree removal, trimming and maintenance services. In each case, these contracts are renewable following their initial multi-year terms with aggregate terms of five years.
During its first year in operation, National Storm Recovery, LLC continued to build positive momentum under its CEO, Anthony J. Raynor’s leadership, when it entered into an agreement for the acquisition of certain complementary assets owned by Central Florida Arbor Care. Building this earlier success, in 2019, the company began to expand its business plan to include the complementary vertical market of mulch manufacturing. In order to expedite this plan of building a completely vertically integrated company and having identified a substantial number of advantages with being publicly traded, the company decided to bring its business to the public markets; and in the 2019, executed a share purchase and equity exchange agreement as part of the series of transactions related to the “reverse takeover.”
One of the Company’s over-arching strengths, in addition to management’s scores of years of industry experience, is man- agement’s ability to build and manage teams. The importance of its relationships with employees, independent contractors, customers, vendors and anyone else with whom they interact, cannot be overstated. Although management believes its in- dustry expertise, competence and reliability are each important factors, ultimately its commitment to its employees, inde- pendent contractors and the belief that they are all important members of its “Sustainable Green Team” have been signifi- cant contributing factors to being provided opportunities in every market entered. . Each of the opportunities received and the ways in which they have been managed, have also contributed to the Company’s positive momentum, helping shape management’s ultimate vision for the Company as a fully integrated mulch manufacturing and sales company, with opera- tions that make sound business sense and create a positive environmental impact.
Again, National Storm Recovery, LLC was established as a company to provide tree maintenance, disaster recovery, debris hauling, removal, and disposal services – services that provide it with access to a large amount of wood or tree debris. Thought of from a different perspective, the Company has access to a large amount of “feedstock” that is required to manu- facture wood based mulch products. But, unlike traditional wood-based mulch manufacturers who purchase their feedstock, the Company is paid to cut it, paid to haul it and paid to dispose of it. Its cost, in that limited equation, was its own dispos- al cost. However, by processing the tree material into mulch and selling it, the Company:
i) eliminates its disposal costs,
ii) receives the feedstock it would need as a mulch manufacturer, for free,
iii) does not have to police its suppliers to ensure responsible tree harvesting, because the trees and material the company handles are either from trees and branches downed in storms or cut as part of the care and maintenance of the trees it is paid to care for, and
iv) has a “cost structure” for its feedstock that is even better that a competitor that secures feedstock using unscrupulous or irresponsible harvesting methods and/or sources.
So, by grinding, screening and packaging the tree material that it is already receiving (and is paid to receive), the Company is able to leverage its existing activities, create additional value, and position itself to substantially increase its overall rev- enue and earnings prospects; and decrease the burden that this material would otherwise place on the local landfills or col- lection sites.
Sierra Gold Merger Corp.
There are no operations under The Sustainable Green Team, Ltd.’s subsidiary Sierra Gold Merger Corp. Notwithstanding the fact that the applicable statutes of limitations have expired for any foreseeable claims that could have been made based on the assets and liabilities last disclosed many years ago by Sierra Gold Corporation, Sierra Gold Merger Corp. was formed as part of the Company’s corporate organizational shift into a parent-subsidiary structure with discrete operations contained in separate subsidiaries. This parent subsidiary structure was effected pursuant to DGCL §251(g) and has the additional benefit of allowing any legacy issues (such as contingent liabilities, unrecorded liabilities and any other issues involving the prior business or activities of Sierra Gold Corporation) to remain isolated in the wholly owned subsidiary, Sierra Gold Merger Corp., so that they do not affect assets or the operations of any other entity.
Mulch Manufacturing, Inc.
Mulch Manufacturing, Inc. (“MMI”) is one of the largest producers of packaged mulch products in the United States. It har- vests the raw materials, processes the mulch at several locations, packages it and ships it when required in its own fleet of trucks or by contract carriers. MMI’s products are distributed through the largest of mass merchandisers as well as small inde- pendent retailers. MMI provides customer service and sales support to the retailer as well as the end user.
8

Acquisition of MMI – Business Combination Agreement
The Company, Mulch Manufacturing, Inc., (“MMI”) and MMI’s sole shareholder, Ralph Spencer, entered into a Business Combination Agreement effective as of January 31, 2020.
• Under the terms of the Business Combination Agreement, the Company acquired 100% of the issued and out- standing shares of MMI in exchange for 40 million shares of the Company’s common stock.
• Certain assets were retained by Spencer and treated as transferred to Spencer prior to the acquisition. These assets consisted of cash in MM bank accounts, certain vehicles, real estate, and certain pieces of equipment.
o With respect to real estate excluded, it either was unrelated to the business of MMI (personal investment property) or, as to all real property and improvements used in MMI’s business, the Business Combination Agreement provides for a two year rent free lease of the property and improvements, during which the Company and MMI will only be required to pay taxes, utilities, and maintenance (costs of the properties). Thereafter, the Company may lease or purchase the properties at fair market value.
o The vehicles excluded were non-MMI business related collector vehicles.
o The equipment retained by Spencer was excluded because it was in use by a separate business in which
Spencer is invested.
o Cash in accounts was excluded. However, the Business Combination Agreement contains a provision under which Spencer agreed to assist the Company with working capital in such amounts as are in his discretion.
• On closing, Spencer was deemed to have deposited approximately $6,240,000 in MMI’s Goldman Sachs money market account. The arrangement is similar to a revolving credit agreement except that all of the funds are in the account to be drawn upon by MMI and the Company. The primary difference is while the funds are in MMI’s ac- count, MMI is only responsible to pay interest on the funds used, the balance continues to earn interest at a lower rate and that interest is paid to Spencer for interest earned on the funds up to the amount of the initial amount of the deposit. MMI and the Company are obligated to pay interest at a rate of 4% per annum based on the average amount used of these funds. The interest earned on the amount that remains in the account is paid to Spencer peri- odically. Spencer has a security interest in MMI’s assets under the terms of this loan agreement. The Company, MMI and Spencer agreed, and the Business Combination Agreement provides, that the amounts borrowed by MMI and the Company will be repaid from the sale of the Company’s equity and that the maximum term of the loan will be two years from closing. The parties agreed that the Company will prepare and file a registration statement on Form S-1 with the Securities and Exchange Commission in the next two years. The time period was chosen in order to allow the Company to develop a presence in the capital markets and because the parties anticipated that this would provide sufficient time to demonstrate both actual earnings and future earnings visibility such that they would be able to raise the funds needed at prices that would be substantially less dilutive.
• Upon closing MMI had a secured note payable to Spencer in the amount of approximately $14 million (the “Spencer Note.”) Under the terms of the Business Combination Agreement, the amount due under the Spencer Note will be increased by the value of MMI’s notes and accounts receivable and its inventory.
• Under the terms of the Business Combination Agreement, Spencer has a right to a seat on the Company’s board of directors and Anthony J. Raynor is to enter into a five year employment agreement with the Company.
• The Business Combination Agreement also provides John Spencer, as holder of that certain promissory note in the amount of $6 million (of which $2 has been paid) (the “J Spencer Note”) with guaranteed employment at MMI under compensation at the rate he had received prior to execution of the Business Combination Agreement (ap- proximately $70,000 per year, together with certain other benefits such as insurance, mobile phone service, a com- pany vehicle, etc.). The Company’s obligation is to continue during the time that any portion of the J Spencer Note is outstanding.
• Under the terms of the Business Combination Agreement, the Company and MMI have also executed a Royalty Agreement in favor of Spencer for sales of its patented “Softscape” product that exceed sales from 2019. The Royalty Agreement gives the Company and MMI, initially a three year license, following which time during which royalties are paid, the license will be a perpetual fully paid license. The payments due to Spencer are equal to 3% of the sales of Softscape that exceed MMI’s sales in 2019 payable for three years from execution of the Royalty Agreement.
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Although the parties determined that they would fund the repayment of the debt of MMI to Spencer by selling shares of the Company’s common stock and provided for a two year repayment period because they believed that the Company’s consol- idated earnings will support sales at substantially higher prices, and while it is generally accepted that stocks trade at prices based on actual earnings and earnings growth, there can be no assurances that they will produce the earnings and earnings growth they believe they will. There are many intervening factors that could cause the Company’s stock prices not to in- crease to levels that the parties anticipate as well as factors that could cause the Company not to meet its earnings expecta- tions. For example, the Company expects (but does not guarantee) to experience a period of rapid growth in revenue as well as an increase in earnings from certain cost savings measures, as well as synergies between National Storm Recovery, LLC and Mulch Manufacturing, Inc. However it is important to remember that an increase in revenue would not result in in- creases in earnings if the incremental cost of achieving that additional revenue is more than the revenue itself. Therefore if management is incorrect or there are intervening factors that cause MMI’s costs to increase, even if MMI’s revenue does increase, its earnings may not. In addition, even if the Company’s earnings do increase to the levels management expects and comparable companies are trading at multiples of earnings that would suggest that the Company’s stock price should be at a particular price point, there can be no assurances that any of these things will be reflected in the trading prices or mar- ket for the Company’s common stock. Finally, there have been certain events recently that have caused substantial market volatility as well as economic factors that may make it difficult for the Company to secure an investment banking firm to act as an underwriter for the sale of the Company’s common stock. There are any number of intervening factors that could cause the Company’s stock price not to be at a level where management finds it acceptable to undertake the preparation and filing of a registration statement on Form S-1.
6) Issuer$s Facilities
For purposes of this section, unless otherwise noted, references to the “Company” refer to The Sustainable Green Team, LTD
and its wholly-owned subsidiaries on a consolidated basis.
Principal Executive Offices
Currently the Company’s principal executive offices are located at 24-200 County Road 561, Astatula, FL 34705. The Company owns these premises, which are approximately 5,000 square feet. The premises are described more fully below (under “Astatula, Florida Site”). and are described below.
Astatula, Florida Site
The Astatula, Florida site is a 100 acre parcel of property located in Lake County, Astatula, Florida at 24200 CR 561. The Company initially entered into a purchase option on it that was contingent on receiving zoning approval for use as a storm debris and collection site. After a series of successful hearings without opposition, the City Council granted final zoning approval in January 2019. Most efforts of this nature are extremely time consuming because of significant opposition from the community. In this case however, there was a complete lack of opposition and the Company received quick approval from the City Council. Management of the Company saw this approval both as: i) an endorsement of its vision for the envi- ronmental solutions the Company offered to the community and ii) evidence of City Council’s enthusiastic acceptance of the Company’s plan of operations. After receiving approval from the City Council, the Company exercised its purchase option in December 2020, and now owns the property. With its prime location and 5,000 square foot building containing warehouse and office space, the 100 acre site is ideal for the Company’s purposes.
The Company has been using the site as its corporate headquarters since February 2021, after preparing the site to serve as its flagship tree debris collection site, mulch manufacturing facility, soil composting and production bagging site. In addi- tion, the Company is using the property (which can accommodate millions of cubic yards of organic storm debris) for col- lection and storage of storm debris during hurricanes and other storms and for tree waste generated from the Company’s tree services operations. The site provides an opportunity for the Company to increase its revenues and earnings from dis- posal fees the Company collects from new Lake County customers and other tree service companies who pay for disposal. It also is another source of feedstock for the Company’s mulch operations.
Two Landfills of a National Waste Disposal Company
Prior to the addition to its 100 acre Astatula site, as management began expanding the Company’s business model, the Company entered into a collaborative agreement with a large, national waste disposal company that allows the Company to use two of its sites located at 242 West Keene Road, Apopka FL and 5400 Rex Drive, Winter Garden, Florida for collection and storage of tree debris collected in connection with its disaster recovery services as well as collection sites for its tree maintenance, hauling and disposal. In addition, the Company has been given the right to install and operate its mulch man- ufacturing and bagging equipment at these sites under very favorable lease terms. Logistically, the Company benefits from these locations which are optimally positioned for use in connection with its tree services operations. Further, the agree- ment allows the Company to execute on its mulch manufacturing, bagging and sales plans under a significantly expedited time line with pre-approved zoning and at significantly lower costs. Both parties have expressed satisfaction with these
10

arrangements. Management believes that this is in part due to the fact that, although both receive entirely different benefits, the benefits to each are quite important. For example, the Company is given the right to use tree debris that is generated from other parties as feedstock in its mulch manufacturing operations. The waste disposal company also benefits signifi- cantly. Although it is a common misconception that because wood is biodegradable it is also compostable. But in reality, wood and particularly large logs take many years to decompose. As such, by repurposing and removing the materials from these sites, the Company is solving a significant problem for its partner. Yard waste, and in particular, the large volume of tree waste brought to landfills around the country each year is a real problem with which those managing them must con- tend and the Company’s use of this material presents an ideal solution. In many ways, this is an ideal solution because not only does it decrease the burden on the landfills where they operate, it provides a sustainable alternative to other feedstock sourcing methods.
Mulch Manufacturing, Inc. Facilities
Each of the below facilities are leased by MMI. The lease agreements for each of these facilities have a term that expires on January 31, 2022, at which point MMI (and the property owners) have the option to either renew the lease, or to negotiate a fair-market buyout of the facility.
Callahan, Florida
" 6 Bagging lines
" 100 Acres of storage
" Cypress, Pine, Colored & A-Grade, Softscape
Homerville, Georgia
" Cypress Sawmill & mulch production
" 3 Bagging lines
" 40 Acres of storage
" Cypress A & B grade, Chips, Softscape
Jacksonville, Florida (Colorant Plant)
" Production of mulch colorants
" Sale of mulch coloring machinery
" R & D division for new products
Jacksonville, Florida
" Production & Bagging
" Mulch production, bagging & prepack
" Wood recycling collection site
" Retail sales
Apopka, Florida
" Full line of bagged and bulk mulch products
" Wood recycling collection site
" Retail sales
Astatula, Florida (same as Company’s Corporate Headquarters)
" Full line of bagged and bulk mulch products
" 100 Acres of storage
" Wood recycling collection site
" Retail sales
" Central Florida Arbor Care Equipment:
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The Company uses a variety of heavy equipment from Boom (Cranes), Pickup and Bucket Trucks to Grinders, Front-end and Skid Steer Loaders and Bagging and Coloring Machines in its operations. The majority of the equipment used by the Company (and its operating subsidiaries) is owned outright by the Company, but the Company does lease certain equipment. The leases for such equipment contain terms that are customary in the industry(ies) that the Company and its subsidiaries operate in for such equipment.
7) Officers, Directors, and Control Persons
Name of Officer/ Director or Con- trol Person
Affiliation with Company (e.g. Officer/Director/ Owner of more than 5%)
Residential Address (City / State Only)
Number of Shares Owned
Share type/class
Ownership Percentage of Class Out- standing*
Note
Anthony J. Raynor
Chief Executive Officer (CEO), Presi- dent and Director
Winter Garden, Florida
40,000,000
Common
44.9%
Issued in Connection with Share/Equity Ex- change
Ralph Spencer
Owner of > 5%
Jacksonville, Florida
40,000,000
Common
44.9%
Issued in Connection with Share/Equity Ex- change
Edward Lee
Chief Operating Officer (COO)
Ranch, Florida
500,000
Common
0.56%
Issued as Incentive
Total Officers, Direc- tors and 5% Share- holders as a Group
80,500,000
Common
90.36%
*Presented as a percentage of 89,168,405 shares of the Company’s Common Stock outstanding as of January 2, 2021. Anthony !Tony” J. Raynor – Currently serves as the President, Chief Executive Officer and as a Director.
J. Scott Siefker, CPA – Currently serves as the Company$s Chief Financial Officer.
Edward Lee – Currently serves as the Company$s Chief Operating Officer.
Laura Anthony, Esq. – Currently serves as the Company$s General Counsel.
Stephen Ogden - Currently serves as Head ISA Certified Arborist and Sales Executive as an Independent Contractor.
8) A.
Legal/Disciplinary History
Please identify whether any of the persons listed above have, in the past 10 years, been the subject of:
1. A conviction in a criminal proceeding or named as a defendant in a pending criminal proceeding (ex- cluding traffic violations and other minor offenses);
No
2. The entry of an order, judgment, or decree, not subsequently reversed, suspended or vacated, by a court of competent jurisdiction that permanently or temporarily enjoined, barred, suspended or otherwise limited such person’s involvement in any type of business, securities, commodities, or banking activities;
No
3. A finding or judgment by a court of competent jurisdiction (in a civil action), the Securities and Exchange Commission, the Commodity Futures Trading Commission, or a state securities regulator of a violation of federal or state securities or commodities law, which finding or judgment has not been reversed, suspended,
12

or vacated; or No
4. The entry of an order by a self-regulatory organization that permanently or temporarily barred, suspended, or oth- erwise limited such person’s involvement in any type of business or securities activities.
No
B. Describe briefly any material pending legal proceedings, other than ordinary routine litigation incidental to the busi- ness, to which the issuer or any of its subsidiaries is a party or of which any of their property is the subject. Include the name of the court or agency in which the proceedings are pending, the date instituted, the principal parties thereto, a description of the factual basis alleged to underlie the proceeding and the relief sought. Include similar information as to any such proceedings known to be contemplated by governmental authorities.
The Sustainable Green Team, LTD is currently involved in arbitration with Emerging Markets Consulting, LLC (!EMC”), a for- mer service provider of the Company. On October 21, 2020, EMC initiated arbitration against the Company, alleging, among oth- er things, breach of contract related to an agreement entered into between the Company (via NSR LLC) and EMC, in which the
Company engaged EMC to provide it with consulting services related to the Company$s capital structure, investor relations strate- gies, and fundraising plans, including the filing of an S-1 registration statement at some point in the future, in exchange for equity compensation in the Company. EMC seeks relief against the Company in the form of the equity compensation pursuant to the
agreement (2,000,000 shares of the Company$s Common Stock) and damages. The Company denies EMC$s allegations, and has also initiated counterclaims against EMC for breach of the agreement by EMC, in which it is seeking damages resulting from
EMC$s breach of its duties under the agreement.
In addition, the Company named in its counterclaim to EMC$s claim another similar service provider, Rainmaker Group Consult-
ing, LLC (!Rainmaker”), as a pre-emptive defense against any actions brought by Rainmaker against the Company. Rainmaker engaged by the Company in 2019 to provide similar consulting services as EMC was engaged to provide in exchange for the same
compensation (2,000,000 shares of the Company$s Common Stock). The Company alleges that Rainmaker breached its agreement with the Company by not providing the services provided in the agreement between the Company and Rainmaker, and therefore Rainmaker is not entitled to any equity compensation by the Company. The Company has taken this action as a defensive measure
against potential (in the Company$s opinion) frivolous lawsuits brought by Rainmaker against the Company.
The Company is confident it will prevail in the ongoing arbitration described above being overseen by the American Arbitration
Association.
9) Third Party Providers
Please provide the name, address, telephone number and email address of each of the following outside providers:
Securities Counsel
Laura Anthony, Esq.
Anthony L.G., PLLC
625 N. Flagler Drive, Ste, 600 West Palm Beach, FL 33401 Lanthony@anthonypllc.com
Accountant or Auditor
Benjamin Borgers, CPA BF Borgers CPA, PC 5400 West Cedar Avenue Lakewood, CO 80226
(303) 953-1454
ben@bfbcpa.us Investor Relations
Sherri Franklin
Investors Brand Network 8033 Sunset Blvd Suite 1037 Los Angeles, CA 90046 (310) 299-
13

1717 Sherri.Franklin@investorbrandnetwork.com
Other Service Providers
Provide the name of any other service provider(s) that that assisted, advised, prepared or provided information with respect to this disclosure statement. This includes counsel, advisor(s) or consultant(s) or provided assistance or services to the is- suer during the reporting period.
None.
10) Issuer Certification
The issuer shall include certifications by the chief executive officer and chief financial officer of the issuer (or any other persons with different titles but having the same responsibilities). The certifications shall follow the format below:
Principal Executive Officer:
I, Anthony J. Raynor certify that:
1. I have reviewed this annual report and disclosure statement of The Sustainable Green Team, Ltd. (F/K/A Na- tional Storm Recovery, Inc.);
2. Based on my knowledge, this disclosure statement does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this disclosure statement; and
3. Based on my knowledge, the financial statements, and other financial information included or incorporated by reference in this disclosure statement, fairly present in all material respects the financial condition, results of op- erations and cash flows of the issuer as of, and for, the periods presented in this disclosure statement.
April 01, 2021
/s/ Anthony J. Raynor
Anthony J. Raynor, CEO
Principal Financial Officer:
I, J. Scott Siefker certify that:
1. I have reviewed this annual report and disclosure statement of The Sustainable Green Team, Ltd. (F/K/A National Storm Recovery, Inc.);
2. Based on my knowledge, this disclosure statement does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this disclosure statement; and
3. Based on my knowledge, the financial statements, and other financial information included or incorporated by reference in this disclosure statement, fairly present in all material respects the financial condition, results of op- erations and cash flows of the issuer as of, and for, the periods presented in this disclosure statement.
April 01, 2021
/s/ J. Scott Siefker
J. Scott Siefker, CFO
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