ITEM 5.02 DEPARTURE OF DIRECTOR OR CERTAIN OFFICERS; ELECTION OF DIRECTORS; APPOINTMENT OF CERTAIN OFFICERS; COMPENSATORY ARRANGEMENT OF CERTAIN OFFICERS

On January 13, 2021, the Board of Directors of the Company approved an increase in the base salaries for Nirajkumar Patel, the Company's Chief Executive Officer and Chief Financial Officer, from $144,000 to $180,000, and for Eric Mosser, the Company's Chief Operating Officer, from $120,000 to $144,000. The increase in base salaries for Mr. Patel and Mr. Mosser are effective as of January 1, 2021.




ITEM 8.01 OTHER EVENTS

Effective on January 11, 2021, Kaival Brands Innovations Group, Inc. (the "Company") entered into a Services Agreement (the "Services Agreement") with Trending Equities Corp. ("Trending Equities"), pursuant to which the Company engaged Trending Equities to provide certain social media awareness and consulting and investor relations services (the "TE Services"). In connection therewith, the Company issued 500,000 shares of the Company's restricted common stock to Trending Equities as partial consideration for the TE Services to be rendered to the Company. These issuances were exempt from the registration requirements of the Securities Act of 1933, as amended by virtue of Section 4(a)(2) thereof as transactions not involving a public offering.







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