0001740797
false
true
The error occurred in the date indicated on Item 5.02
0001740797
2023-07-24
2023-07-24
iso4217:USD
xbrli:shares
iso4217:USD
xbrli:shares
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K/A
Amendment No. 1
CURRENT REPORT
Pursuant to Section 13 or 15(d) of The Securities
Exchange Act of 1934
Date of Report (Date of earliest event reported): July
24, 2023
AVANT TECHNOLOGIES INC.
(Exact name of registrant as specified in its charter)
|
|
|
|
|
|
Nevada
(State or other jurisdiction of incorporation
or organization)
|
333-225433
(Commission File Number)
|
38-4053064
(I.R.S. Employer Identification Number)
|
c/o Eastbiz.com, Inc 5348 Vegas Drive, Las Vegas,
NV 89108
(Address and telephone number of principal executive
offices)
(Issuer’s telephone number)
(702) 509-1747
Check the appropriate box below if the Form 8-K filing
is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instructions
A.2. below):
☐ |
Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) |
|
|
☐ |
Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) |
|
|
☐ |
Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) |
|
|
☐ |
Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) |
Indicate by check mark whether the registrant is an
emerging growth company as defined in as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2
of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
Emerging
growth company (X)
If
an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying
with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐
Securities registered pursuant to Section 12(b) of
the Act: Not applicable.
Title of each class |
|
Trading Symbol |
|
Name of each exchange on which registered |
Not applicable |
|
|
|
|
Explanatory Note
On July 26, 2023, AVANT TECHNOLOGIES INC. filed a Current Report on Form 8-K dated July 26, 2023 (the
“Original 8-K”) with the Securities and Exchange Commission. This current report on Form 8-K/A (the “Amendment”)
is being filed solely the Company acknowledges an error in the filing of the 8-K report that was made unintentionally, and there was
no intention to provide inaccurate information. The error occurred in the date indicated on Item 5.02 , which was stated as July 27,
2023; however, the correct date should be July 24, 2023
____________________________________________________________________________________
| Item 1.01 | Entry Into a Material Definitive Agreement. |
| Item 3.02 | Unregistered Sales of Equity Securities. |
Item
5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain
Officers;
Compensatory Arrangements of Certain Officers.
On July 24, 2023, Avant Technologies, Inc
(f/k/a Trend Innovations Holding Inc.) (the “Company”) and Danny Rittman entered into an Employment Agreement pursuant to
which Mr. Rittman was retained as Chief Information Security Officer (“CISO”).
In consideration for serving as CISO,
Mr. Rittman will receive an annual base salary of $300,000 payable in shares of common stock of the Company (the “CISO
Shares”), which shall be increased to $600,000 upon the Company up-listing to a national exchange. The CISO Shares will be
paid on a quarterly basis at the beginning of each quarter, prorated for partial quarters. The number of CISO Shares to be issued on
a quarterly basis shall be determined by dividing $75,000 (which is the quarterly pay for three months) by the Company’s
20-day VWAP. Mr. Rittman shall be paid a one-time $50,000 cash payment no later than thirty (30) days after the Company raises
sufficient equity financing or other working capital.
Dr. Rittman is a veteran software architect
and integrated circuit technology expert with over 20 years of experience in the technology sector. From 2014 through the present, Dr.
Rittman served as the Chief Technology Officer and as a director of GBT Technologies, Inc. (OTC: GTCH) (“GBT”), leading its
technological direction and managing teams of mobile software developers. From 2012, through 2014, Dr. Rittman served as a Senior Integrated
Circuit Consultant for Qualcomm / Max Linear, managing teams of integrated circuit designers within the mobile technology arena. From
2005 through 2010, Dr. Rittman served as the Founder and Chief Technology Officer of Micrologic Design Automation, leading the company’s
technological direction, including architecture, design and development of EDA software tools. From 2002 through 2007, Dr. Rittman served
as an Integrated Circuit CAD / Software Senior Consultant for IBM, managing integrated circuit back-end projects and leading back-end
CAD and QA software tool development and implementation. From 1995 through 2002, Dr. Rittman served as the Founder and VP of R&D for
Bind-key Technologies, leading the company’s technological direction, research and development of EDA software tools for integrated
circuits and back-end design. Dr. Rittman received a BS in Electrical Engineering - VLSI Design from the University of Bridgeport, graduating
Magna Cum Laude in 1992; a MS in Computer Science VLSI Design, specializing in Automation Algorithms, from La Salle University, graduating
Magna Cum Laude in 1996; and a PhD in Computer Science - VLSI Design, specializing in EDA Concepts and Algorithms, from La Salle University,
graduating Summa Cum Laude in 1998. Dr. Rittman completed a master's degree in information and cybersecurity at Berkeley University. The
UC Berkeley MICS (Master of Information and Cybersecurity) program is a graduate-level, accredited program providing comprehensive information
and cybersecurity education. The School of Information (iSchool) offers it in collaboration with the College of Engineering at the University
of California, Berkeley. The MICS program is designed to provide students with the technical and policy aspects of information and cybersecurity.
It covers computer security, cryptography, network security, privacy, risk management, and cybercrime. The program emphasizes a hands-on,
project-based approach to learning and provides students with opportunities to work on real-world cybersecurity problems. The MICS program
provides participants with the cybersecurity skills and knowledge needed to assume leadership positions in private-sector technology companies
and government and military organizations.
The above offers and sales of the CISO
Shares were made to Dr. Rittman, an accredited investor, and the Company relied upon the exemptions contained in Section 4(a)(2) of the
Securities Act of 1933, as amended (the “1933 Act”), with regards to the sales. No advertising or general solicitation was
employed in offerings the securities. The offer and sale were made to an accredited investors and transfer of the securities was restricted
by the Company in accordance with the requirements of the 1933 Act.
The foregoing is only a brief description
of the material terms of the above corporate actions and agreements, and does not purport to be a complete description of the rights and
obligations of the parties under those agreements, and such descriptions are qualified in their entirety by reference to the agreements
which are filed as exhibits to this Current Report.
Item 9.01 Financial Statements and
Exhibits.
(d) Exhibits.
SIGNATURES
In accordance with the requirements of the Securities Act of 1933, the registrant
caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.
|
|
|
|
|
|
|
|
Dated: July 26, 2023 |
AVANT TECHNOLOGIES INC. |
|
|
|
By: |
/s/ |
Natalija Tunevic |
|
|
Name: |
Natalija Tunevic |
|
|
Title: |
Secretary |
|
|
|
|
EMPLOYMENT AGREEMENT
THIS EMPLOYMENT AGREEMENT ("Agreement"),
dated as of the 24 day of July, 2023 ("Effective Date"), is between Avant Technologies Inc, F/K/A Trend Innovations Holding
Inc., a Nevada corporation whose principal address is 5348 VEGAS DRIVE, LAS VEGAS, NV, 89108, USA c/o Eastbiz.com. Inc. ("Company"),
and Danny Rittman, an individual resident of the State of California whose principal address is 1991 Chopin way Oceanside CA 92054 (“Employee").
The Company and Employee are sometimes hereinafter collectively referred to in this Agreement as the "Parties" and individually
as a “Party.”
WHEREAS, the Company desires to employ Employee,
and Employee desires to accept terms of employment, as set forth in this Agreement;
NOW THEREFORE, in consideration of the mutual
covenants expressed below and other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the
Parties agree as follows:
1.
Employment.
Company agrees to employ Employee and Employee agrees to be employed by Company as its Chief Information Security Officer (“CISO”)
with the duties established by the Company’s Board of Directors (“Board”) or the Company’s Chief Operating Officer
from time to time and upon the terms and conditions hereinafter set forth. Nothing contained herein shall be deemed to create a relationship
of partnership or joint venture between the Parties, and the relationship between the Company and Employee shall remain as Company and
employee.
2.
Duties. Company and Employee agree that Employee shall perform in a diligent, efficient and lawful manner any and
all duties that are customarily performed by the CISO for the Company, which shall include implement an information security culture
within the Company and develop and facilitate annual information security training at the corporate level. Employee will report directly
to the Company’s Chief Executive Officer and/or to the Company’s Chief Operating Officer as well as to the Board. Employee
agrees to abide by Company's rules, regulations, and practices, including those concerning work schedules, vacation and sick leave, as
they may from time to time be adopted or modified by the Board.
| 3. | Term.
The term of Employee's employment under this Agreement ("Term") commences on the Effective Date of this Agreement and shall
expire at 11:59 p.m. (Eastern Time) on August 1, 2024; provided, however, either
Party shall have the right terminate this Agreement without cause and at any time upon giving 30 days' prior written notice to the other
Party. |
| 4. | Base Compensation; Bonus Plan. |
(a) Base
Compensation. Employee shall be paid a base salary on an annual basis equal to THREE HUNDRED THOUSAND and NO/100 Dollars
($300,000.00), payable in shares of common stock of the Company (“Shares”) subject to the conditions and
restrictions set forth in this Agreement. The base salary shall be increased to SIX HUNDRED THOUSAND and NO/100 Dollars
($600,000.00) upon the Company up-listing to a national exchange. Employee's base salary in effect from time to time, exclusive
of any other compensation under this Agreement, is hereinafter called the "Base Salary." Base Salary shall start upon
Employee’s first date of reporting to work on behalf of Company, which date shall be the Effective Date. The number of Shares
to be paid on a quarterly basis at the beginning of each quarter (“Payment Date”), prorated for partial quarters shall
be determined by dividing $75,000 (which is the quarterly pay for 3 months) by the Company’s 20-day VWAP immediately prior to
the relevant Payment Date.
(b)
Additional Compensation. Employee shall be paid a one-time $50,000 cash payment no later than thirty (30) days after Employee
raises sufficient equity financing or other working capital.
| 5. | Participation in Benefit Plans; Additional Benefit. |
(a)
During the Term, if Company offers a health or retirement benefit plan (including a 401(k) or pension plan) Employee shall be eligible
to participate. If no plan is offered to Employee, Company shall reimburse Employee for payments for a family health plan with monthly
costs not to exceed $2,500, which shall be payable in Shares pursuant to the mechanism stated in Section 4(a) above.
(b)
During the Term, Employee shall be entitled to four (4) weeks paid vacation, holidays, and leave time each year.
(c)
During the Term of this Agreement, the Employee shall be entitled to two weeks sick leave.
| 6. | Expense Reimbursement/Other |
(a)
Company shall reimburse Employee, on a non-accountable basis, and in accordance with the practices, policies and procedures of
Company in effect from time to time, for all expenses actually paid or incurred by Employee in the course of and in furtherance of the
business of Company for which Employee provides appropriate documentation and expense reporting in accordance with the practices, policies
and procedures of the Company in effect from time to time.
(b)
Employee will use his own laptop and/or cell phone. The Company shall not provide the Employee with a laptop computer and cell
phone to be used by Employee during the Term of this Agreement.
(c)
Employee shall have no obligation to relocate his residence, or to work out of any office location more than 50 miles from his
home.
7.
Employee acknowledges and agrees that:
(a) during
the course of Employee’s employment with Company, Employee will learn about, will develop and help to develop, and will be
entrusted in strict confidence with confidential and proprietary information and trade secrets that are owned by Company and that
are not available to the general public or Company’s competitors, including (1) its business operations, finances, balance
sheets, financial projections, tax information, accounting systems, value of properties, internal governance, structures, plans
(including strategic plans and marketing plans), shareholders, directors, officers, employees, contracts, client characteristics,
idiosyncrasies, identities, needs, and credit histories, referral sources, suppliers, development, acquisition, and sale
opportunities, employment, personnel, and compensation records and programs, confidential planning and/or policy matters, and/or
other matters and materials belonging to or relating to the internal affairs and/or business of Company, (2) information that
Company is required to keep confidential in accordance with confidentiality obligations to third parties, (3) communications between
Company, its officers, directors, shareholders, members, partners, or employees, on the one hand, and any attorney retained by
Company for any purpose, or any person retained or employed by such attorney for the purpose of assisting such attorney in his or
her representation of Company, on the other hand, and (4) other matters and materials belonging to or relating to the internal
affairs and/or business of Company, including information recorded on any medium that gives it an opportunity to obtain an advantage
over its competitors who do not know or use the same or by which Company derives actual or potential value from such matter or
material not generally being known to other persons or entities who might obtain economic value from its use or disclosure (all of
the foregoing being hereinafter collectively referred to as the “Confidential Information”);
(b)
Company has developed or purchased or will develop or purchase the Confidential Information at substantial expense in a market
in which Company faces intense competitive pressure, and Company has kept and will keep secret the Confidential Information;
(c)
nothing in the Agreement shall be deemed or construed to limit or take away any rights or remedies Company may have, at any time,
under statute, common law or in equity or as to any of the Confidential Information that constitutes a trade secret under applicable law.
8.
Confidentiality Covenants. To the extent that Employee developed or had access to Confidential Information before
entering into the Agreement, Employee represents and warrants that he has not used for his own benefit or for the benefit of any other
person or entity other than Company, and Employee has not disclosed, directly or indirectly, to any other person or entity, any of the
Confidential Information. Unless and until the Confidential Information becomes publicly known through legitimate means or means not involving
any act or omission by Employee:
(a)
The Confidential Information is, and at all times shall remain, the sole and exclusive property of Company;
(b)
except as otherwise permitted by the Agreement, Employee shall use commercially reasonable efforts to guard and protect the Confidential
Information from unauthorized disclosure to any other person or entity;
(c)
Employee shall not use for Employee’s own benefit, or for the benefit of any other person or entity other than Company, and
shall not disclose, directly or indirectly, to any other person or entity, any of the Confidential Information; and
(d)
Except in the ordinary course of Company’s businesses, Employee shall not seek or accept any of the Confidential Information
from any former, present, or future employee of any of the Company.
| 9. | Intellectual Property Rights. |
(a) As
used in the Agreement, the term “Inventions” means all procedures, systems, formulas, recipes, algorithms, methods,
processes, uses, apparatuses, compositions of matter, designs or configurations, computer programs of any kind, discovered,
conceived, reduced to practice, developed, made, or produced, or any improvements to them, and shall not be limited to the meaning
of “invention” under the United States patent laws. Employee agrees to disclose promptly to Company any and all
Inventions, whether or not patentable and whether or not reduced to practice, conceived, developed, or learned by Employee during
the Employee’s employment with Company or during a period of one hundred eighty (180) days after the effective date of
termination of Employee’s employment with Company for any reason, either alone or jointly with others, which relate to or
result from the actual or anticipated business, work, research, investigations, products, or services of Company, or which result,
to any extent, from use of the premises or property of Company (each a “Company Invention”). Employee acknowledges and
agrees that Company is the sole owner of any and all property rights in all such Company Inventions, including the right to use,
sell, assign, license, or otherwise transfer or exploit Company Inventions, and the right to make such changes in them and the uses
thereof as Company may from time to time determine. Employee agrees to disclose in writing and to assign, and Employee hereby
assigns, to Company, without further consideration, Employee’s entire right, title, and interest (throughout the United States
and in all foreign countries) free and clear of all liens and encumbrances, in and to all such Company Inventions, which shall be
the sole property of Company, whether or not patentable. This Section 9 does not apply to any Inventions: (1) for which no
equipment, supplies, facility, or Confidential Information of Company were used; (2) that were developed entirely on
Employee’s own time; and (3) that do not relate at the time of conception or reduction to practice to the current business of
Company or its actual or demonstrably anticipated research or development, or which do not result from any work performed by
Employee for Company.
(b)
Employee acknowledges and agrees that all materials of Company, including slides, PowerPoint or Keynote presentations, books, pamphlets,
handouts, audience participation materials and other data and information pertaining to the business and clients of Company, either obtained
or developed by Employee on behalf of Company or furnished by Company to Employee, or to which Employee may have access, shall remain
the sole property of Company and shall not be used by Employee other than for the purpose of performing under the Agreement, unless a
majority of the Board (“Majority Board”) provides their prior written consent to the contrary.
(c)
Unless the Majority Board otherwise agrees in writing, Employee acknowledges and agrees that all writings and other works which
are copyrightable or may be copyrighted (including computer programs) which are related to the present or planned businesses of Company
and which are or were prepared by Employee during Employee’s employment with Company are, to the maximum extent permitted by law,
deemed to be works for hire, with the copyright automatically vesting in Company. To the extent that such writings and works are not works
for hire, Employee hereby disclaims and waives any and all common law, statutory, and “moral” rights in such writings and
works, and agrees to assign, and hereby does assign, to Company all of Employee’s right, title and interest, including copyright,
in such writings and works.
(d)
Nothing contained in the Agreement grants, or shall be deemed or construed to grant, Employee any right, title, or interest in
any trade names, service marks, or trademarks owned by the Company (all such trade names, service marks, and trademarks being hereinafter
collectively referred to as the “Marks”). Employee may use the Marks solely for the purpose of performing his duties under
the Agreement. Employee agrees that he shall not use or permit the use of any of the Marks in any other manner whatsoever without the
prior written consent of the Majority Board.
(e)
Employee further agrees to reasonably cooperate with Company hereafter in obtaining and enforcing patents, copyrights, trademarks,
service marks, and other protections of Company’s rights in and to all Company Inventions, writings and other works. Without limiting
the generality of the foregoing, Employee shall, at any time during and after his employment with Company, at Company’s reasonable
request, execute specific assignments in favor of Company, or its nominee, of Employee’s interest in any of Company Inventions,
writings or other works covered by the Agreement, as well as execute all papers, render all reasonable assistance, and perform all lawful
acts which Company reasonably considers necessary or advisable for the preparation, filing, prosecution, issuance, procurement, maintenance
or enforcement of patents, trademarks, service marks, copyrights and other protections, and any applications for any of the foregoing,
of the United States or any foreign country for any Company Inventions, writings or other works, and for the transfer of any interest
Employee may have therein. Employee shall execute any and all papers and documents required to vest title in Company or its nominees in
any Company Inventions, writings, other works, patents, trademarks, service marks, copyrights, applications and interests to which Company
is entitled under the Agreement.
10.
Remedies. Without limiting any of the other rights or remedies available to Company at law or in equity, Employee
agrees that any actual or threatened violation of any of the provisions of Sections 8, 9, or 10 may be immediately restrained or enjoined
by any court of competent jurisdiction, and that any temporary restraining order or emergency, preliminary, or final injunctions may be
issued in any court of competent jurisdiction without notice and without bond. As used in the Agreement, the term “any court of
competent jurisdiction” shall include the state and federal courts sitting, or with jurisdiction over actions arising, in Los Angeles
County, in the State of California the jurisdiction, venue, and convenient forum of which are hereby expressly CONSENTED TO by Employee
and Company, all objections thereto being expressly WAIVED by Employee and Company.
| 11. | No Violation of Other Obligations. |
Each Party represents and warrants that
neither that Party's execution, delivery, and performance of this Agreement nor that Party's execution, delivery, and performance of any
agreement, instrument, or other document or obligation contemplated under this Agreement will result in a violation of any provision of,
or constitute a default under, any contract, agreement, instrument, or obligation to which that Party is a party or by which that Party
is bound. The Company acknowledge that its aware that Employee is under employment agreement with GBT Technologies, Inc (“GBT”),
serving as GBT’s CTO. GBT was the seller of certain technologies and IP’s that been acquired by the Company, which in turn
granted a license to GBT for using the acquired technology for GBT internal uses. Each Party represents and warrants that said employment
of the employee with GBT, and/or other agreements between GBT and the Company, are not conflicting with this employment agreement, or
vilate any other agreements.
| 12. | Intentionally Left Blank |
13. Indemnification.
Company agrees to defend and indemnify and hold Employee harmless from and against any past, present or future claim, action,
demand, loss, cost, expense, liability or other damage arising from, and including reasonable attorney’s fees and costs,
amounts, expenses, incurred by or imposed against Employee and arising out of or relating to any past, present or future claim,
action, demand, loss, cost, expense, liability or other damage due to Employee’s employment pursuant to this Agreement.
Company agrees to put in place an appropriate Directors and Officers (D&O) liability insurance plan which covers the employment
of Employee.
(a)
Notices. Any notice, consent, demand, request, approval, or other communication to be given under this Agreement
by one Party to the other ("Notice") must be in writing and must be either (i) personally delivered, (ii) mailed by registered
or certified mail, postage prepaid with return receipt requested, (iii) delivered by same-day or overnight courier service, or (iv) delivered
by facsimile transmission, in any event to the address or number set forth in the introductory paragraph of this Agreement or to such
other address or number as may be designated by either or both of the Parties from time to time.
Notices delivered personally or by courier
service shall be deemed given and received as of actual receipt. Notices mailed as described above shall be deemed given and received
three business days after mailing or upon actual receipt, whichever is earlier. Notices delivered by facsimile transmission shall be deemed
given and received upon receipt by the sender of the transmission confirmation so long as facsimile transmissions are also accompanied
by overnight delivery as set forth above.
(b)
Entire Agreement. This Agreement supersedes any and all other agreements and understandings of any kind, either oral
or written, between the Parties with respect to the subject matter of this Agreement and contains all of the covenants and agreements
between the Parties with respect to the subject matter of this Agreement.
(c)
Modification. Except as stated in the next sentence, no change or modification of this Agreement shall be valid or
binding upon the Parties, nor shall any waiver of any term or condition be so binding, unless the change or modification or waiver is
in writing and signed by the Parties. Employee acknowledges that Company may from time to time establish, maintain, and distribute employee
handbooks or policy manuals, and officers or other representatives of Company may make written or oral statements relating to personnel
policies and procedures. Such handbooks, manuals, and statements are intended only for general guidance and shall not be deemed to change
or modify this Agreement or to create any liability of Company to Employee under this Agreement.
(d) GOVERNING
LAW; CONSENT TO FORUM. THIS AGREEMENT HAS BEEN NEGOTIATED, EXECUTED, AND DELIVERED AT, AND SHALL BE DEEMED TO HAVE BEEN MADE
IN, NEVADA. THIS AGREEMENT SHALL BE GOVERNED BY, ENFORCED UNDER, AND CONSTRUED IN ACCORDANCE WITH THE LAWS OF THE STATE OF NEVADA.
AS PART OF THE CONSIDERATION FOR THIS AGREEMENT, AND REGARDLESS OF ANY PRESENT OR FUTURE DOMICILE OR PRINCIPAL PLACE OF BUSINESS OF
EMPLOYEE, EMPLOYEE HEREBY CONSENTS AND AGREES THAT THE COURTS OF CALIFORNIA SHALL HAVE JURISDICTION TO HEAR AND DETERMINE ANY
JUDICIAL DISPUTES BETWEEN THE PARTIES OR OTHER MATTERS EXPRESSLY PERMITTED BY THIS AGREEMENT TO BE LITIGATED IN A COURT. EMPLOYEE
EXPRESSLY SUBMITS AND CONSENTS IN ADVANCE TO SUCH JURISDICTION IN ANY ACTION OR SUIT COMMENCED IN ANY SUCH COURT AND HEREBY WAIVES
ANY OBJECTION WHICH EMPLOYEE MAY HAVE BASED UPON LACK OF PERSONAL JURISDICTION, IMPROPER VENUE, OR FORUM NON CONVENIENS.
(e)
Counterparts. This Agreement may be executed in counterparts, each of which constitutes an original, but all of which
constitute one document.
(f)
Gender. Whenever the context requires, words in this Agreement denoting gender shall include the masculine, feminine,
and neuter.
(g)
Waiver of Breach. Any waiver by a Party of a breach of any provision of this Agreement by the other Party shall not
operate or be construed as a waiver of any other or any subsequent breach.
(h)
Certain Defined Terms. As used in this Agreement, (i) "Person" means an individual or any corporation,
partnership, trust, unincorporated association, or other legal entity, whether acting in an individual, fiduciary, or other capacity,
and any government, court, or other governmental agency, (ii) "include" and "including" shall not denote or signify
any limitation, (iii) "business day" means any Monday through Friday other than any such weekday on which the offices of the
Company are closed, and (iv) "Section" is a reference to a Section in this Agreement, unless otherwise stated. In addition,
the use herein of “annual” or “monthly” (or similar terms) to indicate a measurement period shall not itself be
deemed to grant rights to Employee for employment or compensation for such period.
(i)
Captions and Section Headings. Captions and Section or subsection headings used herein are for convenience only and
are not a part of this Agreement and shall not be used in any construction of this Agreement.
(j)
Expenses. Each of the Parties shall bear such Party’s respective expenses, including the fees and expenses
of its counsel, incurred in negotiating and preparing this Agreement.
(k)
Interpretation. Each Party to this
Agreement acknowledges that they have
participated in the negotiation of this
Agreement, and that no provision
of this Agreement shall
be construed against or interpreted
to the disadvantage of any party hereto by
any court or any government or judicial
authority by reason of such person having been
deemed to have structured, dictated
or drafted such provision.
[Signatures on following page]
IN WITNESS
WHEREOF, the Parties have executed this Agreement as of the date first above written.
The Company: |
AVANT TECHNOLOGIES, INC (f/k/a TREND INNOVATIONS
HOLDING INC)., a Nevada
Corporation |
|
By_____________________
Printed Name: Paul Averill
Title: Chief Operating Officer |
Employee: |
_______________________ |
|
Print Name: Danny Rittman |
I hereby confirm that the Company board approve this employment agreement
AVANT TECHNOLOGIES, INC
(f/k/a TREND INNOVATIONS
HOLDING INC).,
a Nevada Corporation |
By_____________________
Printed Name: Natalija Tunevic
Title: Secretary |
v3.23.2
X |
- DefinitionDescription of changes contained within amended document.
+ References
+ Details
Name: |
dei_AmendmentDescription |
Namespace Prefix: |
dei_ |
Data Type: |
xbrli:stringItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- DefinitionBoolean flag that is true when the XBRL content amends previously-filed or accepted submission.
+ References
+ Details
Name: |
dei_AmendmentFlag |
Namespace Prefix: |
dei_ |
Data Type: |
xbrli:booleanItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- DefinitionFor the EDGAR submission types of Form 8-K: the date of the report, the date of the earliest event reported; for the EDGAR submission types of Form N-1A: the filing date; for all other submission types: the end of the reporting or transition period. The format of the date is YYYY-MM-DD.
+ References
+ Details
Name: |
dei_DocumentPeriodEndDate |
Namespace Prefix: |
dei_ |
Data Type: |
xbrli:dateItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- DefinitionThe type of document being provided (such as 10-K, 10-Q, 485BPOS, etc). The document type is limited to the same value as the supporting SEC submission type, or the word 'Other'.
+ References
+ Details
Name: |
dei_DocumentType |
Namespace Prefix: |
dei_ |
Data Type: |
dei:submissionTypeItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- DefinitionAddress Line 1 such as Attn, Building Name, Street Name
+ References
+ Details
Name: |
dei_EntityAddressAddressLine1 |
Namespace Prefix: |
dei_ |
Data Type: |
xbrli:normalizedStringItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- Definition
+ References
+ Details
Name: |
dei_EntityAddressCityOrTown |
Namespace Prefix: |
dei_ |
Data Type: |
xbrli:normalizedStringItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- DefinitionCode for the postal or zip code
+ References
+ Details
Name: |
dei_EntityAddressPostalZipCode |
Namespace Prefix: |
dei_ |
Data Type: |
xbrli:normalizedStringItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- DefinitionName of the state or province.
+ References
+ Details
Name: |
dei_EntityAddressStateOrProvince |
Namespace Prefix: |
dei_ |
Data Type: |
dei:stateOrProvinceItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- DefinitionA unique 10-digit SEC-issued value to identify entities that have filed disclosures with the SEC. It is commonly abbreviated as CIK.
+ ReferencesReference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Exchange Act -Number 240 -Section 12 -Subsection b-2
+ Details
Name: |
dei_EntityCentralIndexKey |
Namespace Prefix: |
dei_ |
Data Type: |
dei:centralIndexKeyItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- DefinitionIndicate if registrant meets the emerging growth company criteria.
+ ReferencesReference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Exchange Act -Number 240 -Section 12 -Subsection b-2
+ Details
Name: |
dei_EntityEmergingGrowthCompany |
Namespace Prefix: |
dei_ |
Data Type: |
xbrli:booleanItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- DefinitionCommission file number. The field allows up to 17 characters. The prefix may contain 1-3 digits, the sequence number may contain 1-8 digits, the optional suffix may contain 1-4 characters, and the fields are separated with a hyphen.
+ References
+ Details
Name: |
dei_EntityFileNumber |
Namespace Prefix: |
dei_ |
Data Type: |
dei:fileNumberItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- DefinitionTwo-character EDGAR code representing the state or country of incorporation.
+ References
+ Details
Name: |
dei_EntityIncorporationStateCountryCode |
Namespace Prefix: |
dei_ |
Data Type: |
dei:edgarStateCountryItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- DefinitionThe exact name of the entity filing the report as specified in its charter, which is required by forms filed with the SEC.
+ ReferencesReference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Exchange Act -Number 240 -Section 12 -Subsection b-2
+ Details
Name: |
dei_EntityRegistrantName |
Namespace Prefix: |
dei_ |
Data Type: |
xbrli:normalizedStringItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- DefinitionThe Tax Identification Number (TIN), also known as an Employer Identification Number (EIN), is a unique 9-digit value assigned by the IRS.
+ ReferencesReference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Exchange Act -Number 240 -Section 12 -Subsection b-2
+ Details
Name: |
dei_EntityTaxIdentificationNumber |
Namespace Prefix: |
dei_ |
Data Type: |
dei:employerIdItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- DefinitionLocal phone number for entity.
+ References
+ Details
Name: |
dei_LocalPhoneNumber |
Namespace Prefix: |
dei_ |
Data Type: |
xbrli:normalizedStringItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- DefinitionBoolean flag that is true when the Form 8-K filing is intended to satisfy the filing obligation of the registrant as pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act.
+ ReferencesReference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Exchange Act -Number 240 -Section 13e -Subsection 4c
+ Details
Name: |
dei_PreCommencementIssuerTenderOffer |
Namespace Prefix: |
dei_ |
Data Type: |
xbrli:booleanItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- DefinitionBoolean flag that is true when the Form 8-K filing is intended to satisfy the filing obligation of the registrant as pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act.
+ ReferencesReference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Exchange Act -Number 240 -Section 14d -Subsection 2b
+ Details
Name: |
dei_PreCommencementTenderOffer |
Namespace Prefix: |
dei_ |
Data Type: |
xbrli:booleanItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- DefinitionBoolean flag that is true when the Form 8-K filing is intended to satisfy the filing obligation of the registrant as soliciting material pursuant to Rule 14a-12 under the Exchange Act.
+ ReferencesReference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Exchange Act -Section 14a -Number 240 -Subsection 12
+ Details
Name: |
dei_SolicitingMaterial |
Namespace Prefix: |
dei_ |
Data Type: |
xbrli:booleanItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- DefinitionBoolean flag that is true when the Form 8-K filing is intended to satisfy the filing obligation of the registrant as written communications pursuant to Rule 425 under the Securities Act.
+ ReferencesReference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Securities Act -Number 230 -Section 425
+ Details
Name: |
dei_WrittenCommunications |
Namespace Prefix: |
dei_ |
Data Type: |
xbrli:booleanItemType |
Balance Type: |
na |
Period Type: |
duration |
|
Trend Innovations (QB) (USOTC:TREN)
Historical Stock Chart
From Apr 2024 to May 2024
Trend Innovations (QB) (USOTC:TREN)
Historical Stock Chart
From May 2023 to May 2024