HEALTHIER CHOICES MANAGEMENT CORP. : Entry into a Material Definitive Agreement, Change in Directors or Principal Officers, Financial Statements and Exhibits (form 8-K)

Item 1.01 Entry into a Material Definitive Agreement.

The information set forth below under Item 5.02 is hereby incorporated by reference into this Item 1.01.

Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.

(e) Compensatory Arrangements of Certain Officers

Healthier Choices Management Corp. (the "Company") entered into a Second Amended And Restated Employment Agreement (the "Employment Agreement Amendment") with the Company's Chief Financial Officer, John Ollet. Pursuant to the Employment Agreement Amendment, Mr. Ollet will continue to be employed as the Company's Chief Financial Officer through February 14, 2025. Mr. Ollet will receive a base salary of $300,000 for 2022 and his salary will increase 10% in each subsequent calendar year.

The above description of the terms of the Employment Agreement Amendment is not complete and is qualified by reference to the complete document, which is attached hereto as Exhibit 10.1 and incorporated herein by reference.

Item 9.01. Financial Statements and Exhibits.

(d) Exhibits.

Exhibit
Number      Description

10.1        Second Amended and Restated Employment Agreement, entered into as of
            February 2, 2022 by and between the Company and John Ollet

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