Legal Proceedings.
−Removed: On February 14, 2018, a complaint
−Removed: was filed against the:
−Removed: (i) Duke, (ii) Duke Israel, (iii) Aphek Trading Kadosh and Razi Ltd.
−Removed: (“Aphek”) an Israeli corporation
−Removed: owned by Raziel Atuar and Amir Kadosh, and (iv) Mr.
−Removed: Sagiv Aharon, currently, Duke’s CTO and Director by Blackhawk Laboratories (the
−Removed: “Plaintiff”), a U.S.
−Removed: based company, in the Central District of Israel (Case No.
−Removed: 31727-02-18).
−Removed: Following a procedural agreement
−Removed: between the Plaintiff and defendants, the complaint was transferred to the District Court in Tel Aviv.
−Removed: The complaint asserts a claim
−Removed: for breach of contract, breach of duty, negligence and unjust enrichment with regards to a services agreement dated June 13, 2014, between
−Removed: the Plaintiff and Duke Israel.
−Removed: The complaint asserts that Duke Israel agreed to pay for certain services alleged to have been performed
−Removed: by the Plaintiff and that the Plaintiff was entitled to receive 8% of the issued and outstanding shares of common stock of Duke Israel
−Removed: over a 12 month period from June 2014 to June 2015.
−Removed: The Plaintiff’s complaint
−Removed: seeks an order requiring either Duke Israel to issue to the Plaintiff 8% of its issued and outstanding shares of our common stock;
−Removed: alternatively for Duke to issue to the plaintiff 4.8% of its issued and outstanding shares of our common stock;
−Removed: or alternatively for Aphek
−Removed: Aharon Sagiv to transfer 8% of their shareholdings in Duke to the Plaintiff.
−Removed: On June 21, 2021, the aforementioned
−Removed: complaint and resulting litigation was settled by relevant parties in its entirety, with no liability being incurred by Company or Duke.
+Added: are currently not a party to any pending legal proceeding, nor is our property the subject of a pending legal proceeding, that we believe
+Added: is not ordinary routine litigation incidental to our business or otherwise material to the financial condition of our business.
Mine Safety Disclosures
1 unchanged sentence
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