Item 3. Legal Proceedings
Item
3.
Legal
Proceedings.
On
September 7, 2021, the Company was served with a demand for mediation and potential arbitration by Gregory Sanders, a previous employee
of the Company. The demand claims Mr. Sanders had an employment agreement with the Company entitling him to certain compensation payments
under the contract. No conclusion was met during mediation which occurred in the fourth quarter of 2021. The litigation is ongoing and
is scheduled for trial in May 2023. Greenway is confident in its defenses and counterclaims and intends to vigorously defend its interests
and prosecute its claims.
Item
4.
Mine
Safety Disclosures.
Not
applicable.
- 12 -
PART
II
Text extracted from the filing as submitted to EDGAR. Formatting, tables and exhibits are simplified for reading; the original document is authoritative for anything you rely on.