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Monday, February 27, 2023 10:28:59 AM
well as commence activities to become a fully-SEC-reporting public company with its own trading symbol. The strategic plan is for KEGS to subsequently declare a dividend in EVERMIND to KEGS’ current shareholders as well as to EVERMIND’s shareholders which will affect an eventual spin-off of EVERMIND.
Upon the execution of this MOU, pursuant to Terms and Conditions to be agreed upon, KEGS
shall merge EVERMIND into a wholly-owned private subsidiary of KEGS that KEGS has held for
not less than two years. Based on a $4,000,000 pre-money valuation of EVERMIND, KEGS shall
invest a minimum of Four Hundred Thousand Dollars ($400,000 USD) into the wholly-owned
subsidiary, now operating as EVERMIND.
The investment will allow EVERMIND to fully commercialize and begin revenue generation, as
well as commence activities to become a fully-SEC-reporting public company with its own trading
symbol. The strategic plan is for KEGS to subsequently declare a dividend in EVERMIND to
KEGS’ current shareholders as well as to EVERMIND’s shareholders which will affect an eventual
spin-off of EVERMIND. These activities in theory will help KEGS diversify within the beverage
industry, accelerate its own fundraising activities, and deliver more value to KEGS shareholders.
Both parties recognize that merging into a wholly-owned subsidiary of KEGS is a necessary step
to affect an eventual spin-off of EVERMIND, however, KEGS agrees that all property, including
and assets of EVERMIND shall be owned by EVERMIND, and KEGS will not utilize, transfer, or
otherwise diminish EVERMIND’s exclusive rights to EVERMIND’s property and assets.
EVERMIND funds shall be held in the name of EVERMIND, and shall be used only for the
business of the EVERMIND
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