LEGAL PROCEEDINGS
−Removed: On August 24, 2021, Plaintiff Millennium Fine Art Inc.
−Removed: (“MFAI”) filed a Complaint against the Company,
−Removed: alleging that on or about April 21, 2021, MFAI and the Company entered into a contract (the “Contract”), by which MFAI agreed
−Removed: to create 7,700 non-fungible tokens (“NFT”) in exchange for sixteen million dollars ($16,000,000) worth of shares of the Company.
−Removed: MFAI claims that the Company breached the Contract by refusing delivery of the NFTs and not delivering $16 million worth of shares to
−Removed: The Complaint asserts causes of action for breach of contract, special damages and promissory estoppel, and seeks sixty-six million
−Removed: dollars ($66,000,000) in damages, specific performance by Company according to the terms of the Contract, and MFAI’s attorney’s
−Removed: fees and costs.
−Removed: On October 18, 2021, the Company filed a motion, denying all the material allegations of the Complaint, and seeking
−Removed: to stay the case and compel arbitration pursuant to the purported Contract.
−Removed: In its motion, the Company only sought to enforce the terms
−Removed: of the Contract as it relates to arbitration, but otherwise denied the existence of a valid and binding contract.
−Removed: Over MFAI’s opposition,
−Removed: the Court granted the Company’s motion, and stayed the case, pending the resolution of the Parties’ arbitration of the dispute.
−Removed: On or about April 1, 2022, MFAI filed a Request for Arbitration with JAMS dispute resolution services, in response
−Removed: to which the Company filed a Statement of Answer, denying the material allegations of the Complaint, which the Company deems to be without
−Removed: The matter is currently in the discovery phase, and the Company intends to continue vigorously defending this matter.
−Removed: The arbitration
−Removed: final hearing has been scheduled for September 17-20, 2024.
+Added: August 24, 2021, Plaintiff, Millennium Fine Art Inc.
+Added: (“MFAI”) filed a Complaint against the Company, alleging that on or
+Added: about April 21, 2021, MFAI and the Company entered into a contract (the “Contract”) by which MFAI agreed to create 7,700
+Added: non-fungible tokens (“NFT”) in exchange for sixteen million dollars ($16,000,000) worth of shares of the Company.
+Added: claims that the Company breached the Contract by refusing delivery of the NFTs and not delivering $16 million worth of shares to
+Added: The Complaint asserts causes of action for breach of contract, special damages and promissory estoppel, and seeks sixty-six
+Added: million dollars ($66,000,000) in damages, specific performance by the Company according to the terms of the Contract, and
+Added: MFAI’s attorney’s fees and costs.
+Added: October 18, 2021, the Company filed a motion, denying all the material allegations of the Complaint, and seeking to stay the case and
+Added: compel arbitration pursuant to the purported Contract.
+Added: In its motion, the Company only sought to enforce the terms of the Contract as
+Added: it relates to arbitration but otherwise denied the existence of a valid and binding contract.
+Added: Over MFAI’s opposition, the Court
+Added: granted the Company’s motion, and stayed the case, pending the resolution of the Parties’ arbitration of the dispute.
+Added: or about April 1, 2022, MFAI filed a Request for Arbitration with Judicial Arbitration and Mediation Services, Inc.
+Added: (JAMS) dispute resolution
+Added: services, in response to which the Company filed a Statement of Answer, denying the material allegations of the Complaint, which the
+Added: Company deems to be without merit.
+Added: The matter is in the discovery phase, and the Company intends to continue vigorously defending this
+Added: The arbitration final hearing is scheduled to be held in Las Vegas, Nevada on January 12-16, 2026.
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.