Nate's Food Company (NHMD)

[surfkast]

On July 15, 2022, the Company executed an exclusive license agreement with Kenny B, LLC for the product name Sh’Mallow, a non-refrigerated, shelf stable marshmallow product. The Company will pay a royalty of 7.5% on all Net Sales of Sh’Mallow. 12 months after the execution of the agreement a minimum royalty payment of $5,000 a month shall be required to maintain the exclusivity of the license agreement. As part of the License Agreement, beginning six months from the effective date of the agreement, Kenny B, LLC has the right to purchase 27,000,000 shares of common stock at a price of $0.00025 per share. Kenny B, LLC shall have the right to purchase the shares for during the term of the License Agreement.