NEVADA
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000-54500
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38-3939625
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(State or other jurisdiction of incorporation)
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(Commission File Number)
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(IRS Employer Identification No.)
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2872 Sumter Valley Circle Henderson, NV
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89052
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(Address of principal executive offices)
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(Zip Code)
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Registrant's telephone number, including area code: (844) 238-2692 |
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Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
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Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
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Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
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ITEM 1.01
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ENTRY INTO A MATERIAL DEFINITIVE AGREEMENT.
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ITEM 5.02
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DEPARTURE OF DIRECTORS OR CERTAIN OFFICERS; ELECTION OF DIRECTORS; APPOINTMENT OF CERTAIN OFFICERS; COMPENSATORY ARRANGEMENTS OF CERTAIN OFFICERS
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Exhibit Number
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Description of Exhibit
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10.1
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Non-Qualified Stock Option Agreement dated November 25, 2014, among Cell MedX Corp. and Jean Arnett.(1)
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10.2
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Non-Qualified Stock Option Agreement dated November 25, 2014, among Cell MedX Corp. and Brad Hargreaves.(1)
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10.3
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First Amendment to Stock-Option Agreement dated November 30, 2014, to that Non-Qualified Stock Option Agreement dated November 25, 2014 among Cell MedX Corp. and Jean Arnett.(1)
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10.4
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First Amendment to Stock-Option Agreement dated November 30, 2014, to that Non-Qualified Stock Option Agreement dated November 25, 2014 among Cell MedX Corp. and Brad Hargreaves. (1)
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10.5
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Letter Agreement dated September 26, 2016, between Jean Arnett, Brad Hargreaves and Cell MedX Corp.
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99.1
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News Release dated September 29, 2016.
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(1)
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Filed as an exhibit to the Company’s Current Report on Form 8-K filed with the SEC on December 3, 2014
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CELL MEDX CORP. | |||
Date: September 29, 2016
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By:
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/s/ Frank McEnulty | |
Frank McEnulty, Chief Executive Officer | |||
·
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The Company will retain the consulting services of Ms. Arnett and Mr. Hargreaves for a period of six (6) months commencing August 1, 2016. In consideration for their services, the Company will pay Ms. Arnett a monthly consulting fee of CAD$5,000 per month and pay Mr. Hargreaves a monthly consulting fee of CAD$5,000 per month.
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·
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Upon signing of this letter agreement, the Company will issue Ms. Arnett a cheque for CAD$8,000 representing the payment of August and September consulting services, less CAD$2,000 (representing 50% of CAD$4,000 previously advanced to Ms. Arnett and Mr. Hargreaves). In addition, the Company will issue Ms. Arnett a cheque for CAD$5,000 dated October 1, 2016, representing a payment for October consulting services.
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·
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Upon signing of this letter agreement, the Company will issue Mr. Hargreaves a cheque for CAD$8,000 representing the payment of August and September consulting services, less CAD$2,000 (representing 50% of CAD$4,000 previously advanced to Ms. Arnett and Mr. Hargreaves). In addition, the Company will issue Mr. Hargreaves a cheque for CAD$5,000 dated October 1, 2016, representing a payment for October consulting services.
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·
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The Company acknowledges that as of July 31, 2016 the Company was indebted to Ms. Arnett and Mr. Hargreaves in the following amounts:
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Amount
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Amount due to Jean Arnett at July 31, 2016
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USD$ 87,212.74
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Amount due to Brad Hargreaves at July 31, 2016
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USD$ 61,107,89
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Total indebtedness
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USD$148,320.63
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Private Placement Financing Closed
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Repayment
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Up to an aggregate of $1,000,000*
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USD$50,000.00
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Up to an aggregate of $2,000,000*
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USD$50,000.00
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Up to an aggregate of $3,000,000*
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USD$48,320.63
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·
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Should Mr. Hargreaves, and Ms. Arnett, choose to exercise their options to acquire the shares of the Company’s common stock, the Company agrees to issued 20 shares (not to exceed 2,500,000 shares) of its common stock for each $1 owed to Mr. Hargreaves and Ms. Arnett at the time of the exercise. The amount exercised shall be deducted from the total to be paid as presented in the schedule above.
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/s/ Jean Arnett
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/s/ Bradley Hargreaves
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Jean Arnet | Bradley Hargreaves |
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