Megola Inc (MGON)

[ITYS]

MGON disclosure filed this morning, few of the niche products lines developments. Big ticket items like diapers, food preservation, fire all in near future. Offering being positioned, audits and uplist imo

Pretty diverse sales markets

https://www.otcmarkets.com/stock/MGON/disclosure

ITEM 9. OTHER EVENTS

Entry into definitive agreements:

Megola, Inc., (the “Company”) had originally signed an Exclusive Supply and Distribution Agreement for Mobile Device Protection with Liquidnano, Inc., a North Carolina Corporation, on March 19, 2023. Liquidnano failed to raise the funding needed to fully commercialize the business. The Agreement with Liquidnano was terminated on March 30, 2024. On April 24, 2024, the Company and Liquidnano, Inc. entered into a Customer Referral Agreement, where Liquidnano will refer specific customers to the Company in exchange for a commission. The first customer referred under this Agreement was Kane & McHenry, as discussed below. The agreement is appended hereto as Exhibit 6(d).

On August 7, 2024, the Company executed a Supply and Distribution Agreement with Kane & McHenry Enterprises LLC, a Pennsylvania Limited Liability Company, for the non-exclusive distribution of the Company’s mobile device protection formulation. The Company expects the first shipment under this Agreement to be fulfilled before the end of August. Kane & McHenry Enterprises sells their products under their own brand names into over 5,000 wireless stores in the United States as well as other channels globally. The agreement is appended hereto as Exhibit 6(e).

On August 8, 2024, the Company signed a Representation Agreement with STAT Sanitizing LLC, a New York Limited Liability Company, which pays a 10% commission to STAT Sanitizing for sales of the OdorSol Cleaner Deodorizer and OdorSol Portable Toilet Deodorizer into the professional odor remediation, portable toilet servicing, mold remediation, disinfection services, and general clean-up services. As part of executing this new agreement, the Exclusive Supply and Distribution Agreement dated November 13, 2023 was terminated by mutual agreement. The agreement is appended hereto as Exhibit 6(f).

Entry into Memorandums of Understanding:

On August 5, 2024, Megola, Inc. executed a Memorandum of Understanding and Temporary License Agreement with Pure Turf Solutions LLC an Arizona Limited Liability Company, which granted them the right to manufacture treated zeolite particles using Megola IP and sell into the odor control for artificial turf market, specifically targeting dog walking areas. The term of this MOU is for 6-months after which a Definitive Agreement will be executed if both Parties are satisfied with the performance. The agreement includes the purchase of the active ingredient from Megola and the initial order of 200lb shipped on August 7, 2024. The Company will also be due a royalty of 5-10% of Pure Turf sales depending on how much of the Megola treated zeolite is incorporated into the final product format.

On August 8, 2024, the Company executed a Memorandum of Understanding and Temporary License Agreement with Jeterex LLC, a Michigan Limited Liability Company, which granted them the right to manufacture treated air filters for odor control use in Cannabis growing facilities for 12 months. Jeterex will purchase raw materials from the Company and also pay a royalty of 5% of sales.