Item 5. Other Information
Item
5. Other Information
On May 22, 2020, we entered into a Separation
and Release Agreement (the “Separation Agreement”) with Wais Asefi. Pursuant to the Separation Agreement, Mr. Asefi
agreed to separate from all officer positions and as a director of our company and to further accept the payment of $200,000 from
our future fundraising as consideration of all debts outstanding under Mr. Asefi’s employment agreement with us.
On May 13, 2021, we amended the Separation
Agreement with Mr. Asefi to state the parties desire to reduce the total amount payable from $200,000 USD to $142,500 USD. In
addition to the earlier payments made to Mr. Asefi, a payment of $40,000 was made on May 14, 2021 with two additional payments
due on June 27, 2021 for $40,000 and the final payment due on August 11, 2021 for $25,000. The final payment due on August 11,
2021 will settle this agreement in full. Further under the amendment, Mr. Asefi nominated Textmunication, Inc., our prior subsidiary,
as the recipient of the funds due under the Separation Agreement.
Item
6. Exhibits
Exhibit
Number
Description
of Exhibit
3.1
Certificate of Amendment dated July 20, 2020
31.1
Certification of Chief Executive Officer pursuant to 18 U.S.C. Section 1350, as adopted pursuant to Section 302 of the Sarbanes-Oxley Act of 2002
31.2
Certification of Chief Financial Officer pursuant to 18 U.S.C. Section 1350, as adopted pursuant to Section 302 of the Sarbanes-Oxley Act of 2002
32.1
Certification of Chief Executive Officer and Chief Financial Officer pursuant to 18 U.S.C. Section 1350, as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002
101**
The
following materials from the Company’s Quarterly Report on Form 10-Q for the quarter ended March 31, 2021 formatted in Extensible
Business Reporting Language (XBRL).
**Provided
herewith
10
SIGNATURES
Pursuant
to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by
the undersigned thereunto duly authorized.
Resonate
Blends, Inc.
Date:
May
19, 2021
By:
/s/
Geoffrey Selzer
Geoffrey
Selzer
Title:
President,
Chief Executive Officer, Principal Executive Officer, Principal Financial Officer, Principal Accounting Officer and Director
11
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.