LEGAL PROCEEDINGS
−Removed: Bannor Michael MacGregor, Jeffery Katz, and Life Design Station International, Inc.
−Removed: – Supreme Court of New York, County
−Removed: of Kings, Index No.:
−Removed: This action was instituted by Randall Sprung against the Defendants on March 4, 2019, to recover monies
−Removed: he alleges are owed by Defendants (Counter-Plaintiffs) pursuant to written agreements to purchase stock and to provide consulting services
−Removed: between the parties.
−Removed: Defendants Bannor Michael MacGregor and Life Design Station International, Inc.
−Removed: (“LDSI”) (Counter-Plaintiffs)
−Removed: have filed counterclaims to recover damages they have incurred as a direct result of Sprung’s failure to properly perform his obligations
−Removed: and duties under the written agreement between the parties.
−Removed: The parties have reached an agreement as to all material terms of a settlement
−Removed: of this lawsuit with the parties agreeing to file a stipulation of discontinuance with prejudice of all claims and counterclaims brought
−Removed: in the action.
−Removed: The settlement documents and stipulation of discontinuance are being circulated for execution.
+Added: Company is involved in pending arbitration proceedings arising out of certain consulting agreements.
+Added: During 2025, demands for arbitration
+Added: were submitted to JAMS in Jonathan Sanger v.
+Added: American Picture House Corporation (JAMS Case No.
+Added: 5220010741) and Michael Jones
+Added: American Picture House Corporation (JAMS Case No.
+Added: JAMS has advised the Company that the Jones matter has been consolidated
+Added: with the Sanger-caption matter under Case No.
+Added: The Company disputes the claims asserted and reserves all rights, objections
+Added: and defenses, including with respect to commencement, service and arbitrability.
+Added: Based on information currently available, management cannot conclude that a loss is probable and cannot reasonably estimate a possible loss or range of loss,
+Added: if any, at this time.
MINE SAFETY DISCLOSURES
Compared sentence by sentence after normalising whitespace, quotation marks, case and digits, so re-formatting and restated figures do not read as changed language. Wording changes appear as one removal and one addition. The current filing and the prior one are authoritative.