SUPPLEMENTAL INFORMATION AND DISCLOSURE STATEMENT THE SUSTAINABLE GREEN TEAM, LTD.
A Delaware Corporation
24-200 County Road Astatula, FL 34705
Telephone: (407) 886-8733
Corporate Website: www.thesustainablegreenteam.com Corporation Email: info@nationalarborcare.com
________________________________ SIC - 0783
Trading Symbol: SGTM
OTC Pink Supplemental Disclosure– Current Reporting of Material Corporate Events Entry Into a Material Definitive Agreement
As reported by The Sustainable Green Team, Ltd. (the “Company”) in its Financial Statements and Notes for the fiscal quarter ended July 2, 2022, which were uploaded to OTC Markets on August 22, 2022, on August 9, 2022, the Company entered into a restricted sub- license agreement (the “Agreement”) with an innovative soil technology company, VRM Global Holdings Pty Ltd, and its wholly owned subsidiary VRM International PTY LTD (referred to herein together as the “Licensor”). Pursuant to the Agreement, the Licensor agreed to grant the Company a restricted sub-license (the “Sub-License”), pursuant to which the Licensor will allow the Company to use certain rights and entitlements as identified in the Agreement and provide the Company with certain products as identified in the Agreement, and referred to therein as the inputs, which will allow the Company to manufacture soil products from its existing and future fiber products.
Pursuant to the Agreement, in consideration of the grant of the Sub-License, the Company agreed to issue to the Licensor, 500,000 shares of its common stock simultaneously with the execution of the Agreement. Additionally, in consideration of the grant of the Sub- License, the Company agreed to make to the Licensor, two (2) cash payments of $500,000 each, conditioned on the Company reaching a certain milestone, and if reached, to be paid with the first payment due upon the achievement of such milestone within the calendar year 2022 and the second payment due on the one (1) year anniversary of the first payment.
The Term of the Agreement is for a period of five (5) years. Pursuant to the Agreement, if the milestone is not achieved and the initial cash payment is not made by February 4, 2023, the
Licensor may in its sole discretion terminate the Agreement. The Agreement can also be terminated at any time by the written agreement of the parties.
For additional information regarding the Licensor, please refer to their website at: https://
www.vrmbiologik.com/. Please note that the information contained on, or accessible through, the foregoing website is not a part of, and is not incorporated by reference into, this Supplemental Information and Disclosure Statement.
The entry into the Agreement, as well as the activities contemplated thereby, did not and do not, constitute a change in control, as the Company’s largest shareholder remains unchanged and no other person became the “beneficial owner” (as defined in Rule 13d-3 of the Exchange Act), directly or indirectly, of securities of the Company representing fifty percent (50%) or more of the total voting power represented by the Company’s then outstanding voting securities. Additionally, there was no change in the composition of the Company’s board of directors and nor was there any change to the officers of the Company. Accordingly, there was no change in control of the Company.
CAUTIONARY STATEMENT REGARDING FORWARD-LOOKING STATEMENTS
This disclosure statement contains certain forward-looking statements that are subject to various risks and uncertainties. Forward-looking statements are generally identifiable by use of forward- looking terminology such as “may,” “will,” “should,” “potential,” “plan,” “intend,” “expect,” “outlook,” “seek,” “anticipate,” “estimate,” “approximately,” “believe,” “could,” “project,” “predict,” or other similar words or expressions. Forward-looking statements are based on certain assumptions, discuss future expectations, describe future plans and strategies, or state other forward-looking information. Our ability to predict future events, actions, plans or strategies is inherently uncertain. Although we believe that the expectations reflected in our forward-looking statements are based on reasonable assumptions, actual outcomes could differ materially from those set forth or anticipated in our forward-looking statements. Readers are cautioned not to place undue reliance on any of these forward-looking statements, which reflect our views as of the date of this disclosure statement. Furthermore, except as required by law, we are under no duty to, and do not intend to, update any of our forward-looking statements after the date of this disclosure statement, whether as a result of new information, future events or otherwise.
The Sustainable Green Team, Ltd.
Date: September 6, 2022 Signature: /s/ Anthony J. Raynor Name: Anthony J. Raynor
Title: Chief Executive Officer
