QUEST SOLUTION, INC. (OTCMKTS:QUES) Files An 8-K Entry into a Material Definitive AgreementItem 1.01 Entry into a Material Agreement.
As previously disclosed in a Current Report on Form 8-K filed on August 25, 2017, Quest Solution, Inc. (the “Company”) appointed Benjamin N. Kemper as its Chief Financial Officer and Principal Accounting Officer. On October 02, 2017, the Company entered into an employment agreement with Mr. Benjamin Kemper as Chief Financial Officer of the Company.
The term of the agreement is effective on October 02, 2017 and shall continue for twelve (12) months, unless earlier terminated in accordance with the employment agreement entered into between the Company and Kemper. The term of Kemper’s employment shall be automatically renewed for successive one (1)-year periods until Kemper or the Company delivers to the other party a written notice of their intent not to renew the employment term. The Company shall pay Kemper a base salary at the annual rate of $130,000, a $20,000 signing bonus, as well as grant Kemper 500,000 options to purchase common stock of the Company at the closing stock price on the trading date prior to the date hereof.
As previously disclosed in a Current Report on Form 8-K filed on August 25, 2017, the Company terminated without cause its Contractor Agreement with Mr. Joey Trombino and the Amendment 1 to the Contractor Agreement with an effective date of August 31, 2017 (the “Effective Date”). On September 29, 2017, the Company entered into a Termination Agreement (the “Agreement”) with Mr. Trombino. The Company shall pay Mr. Trombino $26,000 on the execution of this Agreement and $26,000 on November 1, 2017. If the Company defaults on the November 1, 2017 payment, the Company will be assessed a $20,000 penalty due immediately. to the Agreement, Mr. Trombino waived any claims that he may have against the Company.
Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers
See the disclosure in Item 1.01.
Item 9.01.Financial Statements and Exhibits.
(d) Exhibits.
Quest Solution, Inc. ExhibitEX-10.1 2 ex10-1.htm Exhibit 10.1 TERMINATION AGREEMENT This termination agreement (the “Termination Agreement”) entered into and executed BETWEEN: QUEST SOLUTION,…To view the full exhibit click here
About QUEST SOLUTION, INC. (OTCMKTS:QUES)
Quest Solution, Inc., formerly Amerigo Energy, Inc., is a national mobility systems integrator. The Company focuses on the design, delivery, deployment and support of integrated mobile solutions. It offers end-to-end solutions, which include hardware, software, communications and lifecycle management services. It offers a suite of configurable packaged software solutions, which include Order Entry, DSD and Route, Intelligent Order Entry, ITrack, Warehouse, Proof of Delivery, WTMiP and Easy Order. In addition, it guides companies through the development and deployment process, from selecting technology to the company-wide rollout of a customized solution that fits a company’s requirements. It performs a technical evaluation of the client’s operations and specific operational problems, and then determines the optimal hardware and software solutions. It delivers ongoing services provided throughout the deployment process and product life cycle. It also delivers installation services.