8-K
WASTE ENERGY CORP. (WAST)
UNITEDSTATES
SECURITIESAND EXCHANGE COMMISSION
Washington,D.C. 20549
FORM8-K
CURRENT REPORT
Pursuant to Section 13 OR 15(d) of The Securities Exchange Act of 1934
Date of Report (Date of earliest event reported) January 21, 2020
CURRENCYWORKSINC.
(Exact name of registrant as specified in its charter)
| Nevada | 000-55049 | 27-3098487 |
|---|---|---|
| (State<br> or other jurisdiction<br><br> of incorporation) | (Commission<br><br> File Number) | (IRS<br> Employer<br><br> Identification No.) |
561Indiana Court, Los Angeles, CA 90291
(Address of principal executive offices and Zip Code)
Registrant’s telephone number, including area code: 424.570.9446
Notapplicable
(Former name or former address, if changed since last report)
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
[ ] Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
[ ] Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
[ ] Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
[ ] Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
Securities registered pursuant to Section 12(b) of the Act:
| Title<br> of each class | Trading<br> Symbol(s) | Name<br> of each exchange on which registered |
|---|---|---|
| Nil | N/A | N/A |
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
Emerging growth company [ ]
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. [ ]
Item1.01 Entry into a Material Definitive Agreement.
On January 21, 2020 we made the following amendments effective as of December 1, 2019 to material agreements:
| Material Agreement | Amendment |
|---|---|
| Independent<br> consultant agreement dated effective October 9, 2017 with Bruce Elliott | Consulting<br> fee in the amount of $8,000 per month amended to $1 per month |
| Offer<br> letter dated January 22, 2018 with James P. Geiskopf | Fee<br> in the amount of $10,000 per month amended to $5,000 per month |
| Offer<br> letter dated February 9, 2018 with Edmund C. Moy | Fee<br> in the amount of $4,167 per month amended to $1 per month |
| Offer<br> letter dated May 17, 2018 with James Carter | Fee<br> in the amount of $4,167 per month amended to $1 per month |
| Offer<br> letter dated June 22, 2018 with Alphonso Jackson | Fee<br> in the amount of $4,167 per month amended to $1 per month |
| Independent<br> consultant agreement dated effective October 9, 2017, as amended on November 30, 2018 and July 1, 2019 with Michael Blum | Consulting<br> fee in the amount of $6,000 per month amended to $1 per month |
| Business<br> Services Agreement dated October 18, 2017, as amended on June 26, 2018 with Business Instincts Group Inc. | Fee<br> in the amount of $66,750 per month amended to $1 per month. Fees owed by us of $386,250 up to November 30, 2019 were forgiven<br> by Business Instincts Group Inc. pursuant to a letter dated January 21, 2020 |
| Independent<br> consulting agreement dated effective October 1, 2018 with Red to Black Inc. | Consulting<br> fees in the amount of $8,000 per month terminated effective November 30, 2019. Fees owed by us of $86,000 up to November 30,<br> 2019 were forgiven by Red to Black Inc. pursuant to a letter dated January 21, 2020. |
| Independent<br> consultant agreement dated effective December 4, 2018 with Swapan Kakumanu | Consulting<br> fee in the amount of $5,000 per month amended to $1 per month |
Item5.02(e) Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangementsof Certain Officers.
On January 21, 2020 certain of our officers and directors agreed to forgive amounts owed to them up to November 30, 2019 as follows:
| Officer/Director | Amount forgiven |
|---|---|
| Bruch<br> Elliott | $48,000 |
| James<br> P. Geiskopf | $40,000 |
| Edmund<br> C. Moy | $29,166.69 |
| James<br> Carter | $29,166.69 |
| Alphonso<br> Jackson | $29,166.69 |
| Michael<br> Blum | $24,000 |
| Swapan<br> Kakumanu | $20,000 |
Item9.01 Financial Statements and Exhibits
(d)Exhibits
SIGNATURES
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.
CURRENCYWORKSINC.
| /s/ Bruce Elliott |
|---|
Bruce Elliott
President
January 27, 2020
AmendmentAgreement to Consulting Agreement
Between
CurrencyWorksInc. (Formerly ICOx Innovations, Inc.)
And
BruceElliott
Signedon January 21, 2020
Amendment Date: December 1, 2019
Consulting Agreement to be amended with
USD$1 per month instead of USD$8,000 per month
All other terms of the October 9^th^, 2017 Consulting Agreement remain in effect.
IN WITNESS OF THE ABOVE the parties have executed this Amendment Agreement with effect from the date first written above.
| CurrencyWorks Inc.<br><br><br><br>(Formerly ICOx Innovations, Inc.) | Bruce Elliot | ||
|---|---|---|---|
| Per: | /s/ Michael Blum | Per: | /s/ Brue Elliott |
| Michael<br> Blum | Bruce<br> Elliott |
AmendmentAgreement to Board of Directors’ Offer Letter
Between
CurrencyWorksInc. (Formerly ICOx Innovations, Inc.)
And
JimmyGeiskopf
Signedon January 21, 2020
Amendment Date: December 1, 2019
Board of Directors’ Offer Letter to be amended with
USD$5,000 per month instead of USD$10,000 per month
All other terms of the January 22^nd^, 2018 letter remain in effect.
IN WITNESS OF THE ABOVE the parties have executed this Amendment Agreement with effect from the date first written above.
| CurrencyWorks Inc.<br><br><br><br>(Formerly ICOx Innovations, Inc.) | James Geiskopf | ||
|---|---|---|---|
| Per: | /s/ Michael Blum | Per: | /s/ James Geiskopf |
| Michael<br> Blum | James<br> Geiskopf |
AmendmentAgreement to Board of Directors’ Offer Letter
Between
CurrencyWorksInc. (Formerly ICOx Innovations, Inc.)
And
EdMoy
Signedon January 21, 2020
Amendment Date: December 1, 2019
Board of Directors’ Offer Letter to be amended with
USD$1 per month instead of USD$4,167 per month
All other terms of the February 9^th^, 2018 letter remain in effect.
IN WITNESS OF THE ABOVE the parties have executed this Amendment Agreement with effect from the date first written above.
| CurrencyWorks Inc.<br><br><br><br>(Formerly ICOx Innovations, Inc.) | Ed Moy | ||
|---|---|---|---|
| Per: | /s/ Michael Blum | Per: | /s/ Ed Moy |
| Michael<br> Blum | Ed<br> Moy |
AmendmentAgreement to Board of Directors Offer Letter
Between
CurrencyWorksInc. (Formerly ICOx Innovations, Inc.)
And
JamesCarter
Signedon January 21, 2020
Amendment Date: December 1, 2019
Board of Directors’ Offer Letter to be amended with
USD$1 per month instead of USD$4,167 per month
All other terms of the May 17^th^, 2018 letter remain in effect.
IN WITNESS OF THE ABOVE the parties have executed this Amendment Agreement with effect from the date first written above.
| CurrencyWorks Inc.<br><br><br><br>(Formerly ICOx Innovations, Inc.) | James Carter | ||
|---|---|---|---|
| Per: | /s/ Michael Blum | Per: | /s/ James Carter |
| Michael<br> Blum | James<br> Carter |
AmendmentAgreement to Board of Directors’ Offer Letter
Between
CurrencyWorksInc. (Formerly ICOx Innovations, Inc.)
And
AlphonsoJackson
Signedon January 21, 2020
Amendment Date: December 1, 2019
Board of Directors’ Offer Letter to be amended with
USD$1 per month instead of USD$4,167 per month
All other terms of the June 22^nd^, 2018 letter remain in effect.
IN WITNESS OF THE ABOVE the parties have executed this Amendment Agreement with effect from the date first written above.
| CurrencyWorks Inc.<br><br><br><br>(Formerly ICOx Innovations, Inc.) | Alphonso Jackson | ||
|---|---|---|---|
| Per: | /s/ Michael Blum | Per: | /s/ Alphonso Jackson |
| Michael<br> Blum | Alphonso<br> Jackson |
AmendmentAgreement to Consulting Agreement
Between
CurrencyWorksInc. (Formerly ICOx Innovations, Inc.)
And
MichaelBlum
Signedon January 21, 2020
Amendment Date: December 1, 2019
Board of Directors’ Offer Letter to be amended with
USD$1 per month instead of USD$6,000 per month
All other terms of the October 9^th^, 2017 letter remain in effect.
IN WITNESS OF THE ABOVE the parties have executed this Amendment Agreement with effect from the date first written above.
| CurrencyWorks Inc.<br><br><br><br>(Formerly ICOx Innovations, Inc.) | Michael Blum | ||
|---|---|---|---|
| Per: | /s/ Swapan Kakumanu | Per: | /s/ Michael Blum |
| Swapan Kakumanu | Michael<br> Blum |
AmendmentAgreement to Business Services Agreement
Between
CurrencyWorksInc. (Formerly ICOx Innovations, Inc.)
And
BusinessInstincts Group Inc.
Signedon January 21, 2020
Amendment Date: December 1, 2019
Business Services Agreement to be amended with
USD$1 per month instead of USD$66,750 per month
All other terms of the October 18^th^, 2017 Consulting Agreement remain in effect.
IN WITNESS OF THE ABOVE the parties have executed this Amendment Agreement with effect from the date first written above.
| CurrencyWorks Inc.<br><br><br><br>(Formerly ICOx Innovations, Inc.) | Business Instincts Group Inc. | ||
|---|---|---|---|
| Per: | /s/ Michael Blum | Per: | /s/ Erika Racicot |
| Michael<br> Blum | Erika<br> Racicot |
AmendmentAgreement to Consulting Agreement
Between
CurrencyWorksInc. (Formerly ICOx Innovations, Inc.)
And
SwapanKakumanu
Signedon January 21, 2020
Amendment Date: December 1, 2019
Consultant Agreement to be amended with
USD$1 per month instead of USD$5,000 per month
All other terms of the December 4^th^, 2018 Consulting Agreement remain in effect.
IN WITNESS OF THE ABOVE the parties have executed this Amendment Agreement with effect from the date first written above.
| CurrencyWorks Inc.<br><br><br><br>(Formerly ICOx Innovations, Inc.) | Swapan Kakumanu | ||
|---|---|---|---|
| Per: | /s/ Michael Blum | Per: | /s/ Swapan Kakumanu |
| Michael<br> Blum | Swapan<br> Kakumanu |