Item 1.01. Entry into a Material Definitive Agreement.
On June 29, 2019 Metwood, Inc. (the "Company") entered into an agreement to sell
the control block of fifteen (5,000,000) million common shares of the Company to
Emerge Nutraceuticals, Inc., a Florida Corporation for 500 common stock of
Emerge Nutraceuticals and three hundred thousand dollars ($300,000). At the same
time an agreement was entered into to sell all the assets of Metwood, Inc, a
Virginia corporation to Cahas Mountain Properties, LLC, a Virginia limited
liability company, the consideration for this sale is Nine million four hundred
thousand (9,400,000) shares of common stock of the "Company".
Item 5.02. Departure of Directors and Certain Officers; Election of Directors;
Appointment of Certain Officers.
On June 29, 2019, the Company received a letter of resignation letter from
Robert M. Callahan for all positions With the Company including Chief Executive
Officer and Director. On June 29, 2019 the Company received a letter of
resignation from Shawn A. Callahan for all positions with the Company including
President, Chief Financial Officer and Director.
These resignations were not due to any disagreement with the Company on any
matter relating to its operations, policies, or practices.
On June 29, 2019, the following officers were appointed Keith M. Thomas Chief
Executive Officer and Shawn Phillips President. Appointed to the Board of
Directors, Keith M. Thomas, Chairman, Shawn Phillips and Raffaela Thomas.
Keith M. Thomas and Raffaela Thomas are mother and son.
Item 9.01. Financial Statements and Exhibits.
(d) Exhibits. The following exhibit is being filed herewith this Current Report
on Form 8-K
10.1 Stock Purchase Agreement
10.2 Asset Purchase Agreement
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