Item 3. Legal Proceedings
ITEM
3. LEGAL PROCEEDINGS
Randall
S. Sprung v. Bannor Michael MacGregor, Jeffery Katz, and Life Design Station International, Inc. – Supreme Court of New York, County
of Kings, Index No.: 504677/2019. This action was instituted by Randall Sprung against the Defendants on March 4, 2019, to recover monies
he alleges are owed by Defendants (Counter-Plaintiffs) pursuant to written agreements to purchase stock and to provide consulting services
between the parties. Defendants Bannor Michael MacGregor and Life Design Station International, Inc. (“LDSI”) (Counter-Plaintiffs)
have filed counterclaims to recover damages they have incurred as a direct result of Sprung’s failure to properly perform his obligations
and duties under the written agreement between the parties. The parties have reached an agreement as to all material terms of a settlement
of this lawsuit with the parties agreeing to file a stipulation of discontinuance with prejudice of all claims and counterclaims brought
in the action. The settlement documents and stipulation of discontinuance are being circulated for execution.
ITEM
4. MINE SAFETY DISCLOSURES
Not
applicable.
PART
II
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