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https://blockchain.entrexcarbonmarket.com/EntrexNewsFAQs.nsf/0/3A903B5F4F8A254B85258A770057C56D/%24File/2023-11-30%20-%208k%20-%20Entrex%20Carbon%20Market%20Strategic%20Alliance.pdf?Open
FORM 8-K
Item 1.01. Entry into a Material Definitive Agreement.
General
UHF Logistics Group, Inc is pleased to announce a strategic alliance has been executed which includes a commitment to purchase
a $250 million of various carbon offset securities by an institutional entity. Further, parties have agreed to an institutional investment, at
the then current market price, of $25 million into common restricted stock of the Company.
The parties anticipate the first $250,000,000 carbon offset purchase commitment shall be in the form of the tradable Entrex CO-
SETT security, or Carbon Offset Asset security. This innovative, patent pending, tradable security offers buyers a projected annual carbon
offset dividend, on a dollar-for-dollar basis, over a 10-year period. The CO-SETT is projected to provide $10 in carbon offset dividend
income for each $1 initially purchased over the 10-year life of the security.
The GAAP mechanics of the CO-SETT allow investors to hold the security as an asset on their balance sheet, they then receive
Carbon Offset dividends as income to the Profit and Loss Statement which can then be expensed as part of their carbon neutrality goals
and mission. This, in effect, neutralizes their Profit and Loss Statement for carbon expense (pursuant to their purchased securities and
corresponding dividends) while neutralizing their footprint accordingly.
The strategic alliance shall be managed by a subsidiary of the Company: Entrex Carbon Market Arabia which anticipates the
purchase or creation of a company in the United Arab Emirates.
SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on
its behalf by the undersigned hereunto duly authorized.
Dated: November 30, 2023
UHF LOGISTICS GROUP, INC
By: /s/ Stephen H. Watkins
Name: Stephen H. Watkins
Title: Chief Executive Officer