SUBSEQUENT EVENTS	9 Months Ended
Aug. 31, 2021
SUBSEQUENT EVENTS
NOTE 9. SUBSEQUENT EVENTS	NOTE 9. SUBSEQUENT EVENTS On September 27, 2021, the Board of Directors of Trident Brands Incorporated, appointed Michael Friedman, as a Board of Director Member, as well as President and Chief Executive Officer of the Company, effective October 1, 2021. Concurrent with Mr. Friedman’s appointment, Scott Chapman and Anthony Pallante resigned as President and CEO of the Company, respectively. In connection with his appointment as President and CEO, the Company entered into a one-year employment agreement with Mr. Friedman which is renewable by the Company for two 2 year renewal periods. The Agreement provides for an annual base salary of $180,000 and an equity compensation grant of 1,100,000 shares of company common stock which shall vest in 4 equal quarterly installments commencing January 1, 2022. Mr. Friedman is also eligible for annual as well as performance based equity compensation awards. In addition, he is eligible for transaction based cash/equity bonuses equal to three percent of the value of the transaction, including an acquisition. On October 15, 2021, a Promissory Note was issued to Anthony Pallante, Chairman and a significant stockholder of the Company, and Grant Roberts. These Notes are unsecured and were issued to these persons in consideration for payments such persons made to creditors in satisfaction of amounts Company obligations. Mr. Roberts and Mr. Pallante loaned the Company $59,298 and $20,101, respectively. The Notes bear Interest at a rate of 8% per annum. All unpaid principal and accrued interest shall be due and payable upon demand by the Holder at any time subsequent to six (6) months from the date the notes were issued.

SUBSEQUENT EVENTS

9 Months Ended

Aug. 31, 2021

NOTE 9. SUBSEQUENT EVENTS

On September 27, 2021, the Board of Directors of Trident Brands Incorporated, appointed Michael Friedman, as a Board of Director Member, as well as President and Chief Executive Officer of the Company, effective October 1, 2021. Concurrent with Mr. Friedman’s appointment, Scott Chapman and Anthony Pallante resigned as President and CEO of the Company, respectively.

In connection with his appointment as President and CEO, the Company entered into a one-year employment agreement with Mr. Friedman which is renewable by the Company for two 2 year renewal periods. The Agreement provides for an annual base salary of $180,000 and an equity compensation grant of 1,100,000 shares of company common stock which shall vest in 4 equal quarterly installments commencing January 1, 2022. Mr. Friedman is also eligible for annual as well as performance based equity compensation awards. In addition, he is eligible for transaction based cash/equity bonuses equal to three percent of the value of the transaction, including an acquisition.

On October 15, 2021, a Promissory Note was issued to Anthony Pallante, Chairman and a significant stockholder of the Company, and Grant Roberts. These Notes are unsecured and were issued to these persons in consideration for payments such persons made to creditors in satisfaction of amounts Company obligations. Mr. Roberts and Mr. Pallante loaned the Company $59,298 and $20,101, respectively. The Notes bear Interest at a rate of 8% per annum. All unpaid principal and accrued interest shall be due and payable upon demand by the Holder at any time subsequent to six (6) months from the date the notes were issued.