Item 5.02. Departure of Directors or Certain Officers; Election of Directors;
Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
(b) Resignation of Interim Chief Financial Officer
Effective as of January 18, 2023, Mr. Gary Rodney has resigned as Interim Chief
Financial Officer of Energy and Water Development Corp. (the "Company"). Mr.
Rodney's resignation is not a result of any disagreement with the Company or its
independent auditors on any matter relating to the Company's accounting,
strategy, management, operations, policies, regulatory matters, or practices
(financial or otherwise).
In connection with Mr. Rodney's departure, that certain Consulting Services
Agreement with InfoQuest Technology, Inc. dated June 2, 2021 (the "Consulting
Agreement"), pursuant to which Mr. Rodney was providing his services as Interim
Chief Financial Officer, was simultaneously terminated and the Company entered
into a Settlement and Release Agreement (the "Release Agreement") whereby the
Company has agreed to issue an aggregate 6,250,000 shares of the Company's
common stock to Mr. Rodney in full and complete satisfaction of any and all
amounts owed to pursuant to the Consulting Agreement.
The foregoing description of the Release Agreement contained herein does not
purport to be complete and is qualified in its entirety by reference thereto,
which is attached to this Current Report on Form 8-K as Exhibit 10.1 and
incorporated herein by reference.
Item 9.01. Financial Statements and Exhibits.
(d)Exhibits
Exhibit No. Description
10.1 Settlement and Release Agreement dated effective as of January
18, 2023 by and among Energy and Water Development Corp., Gary
Rodney, and InfoQuest Technology, Inc.
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