ITEM 1.02 TERMINATION OF A MATERIAL DEFINITIVE AGREEMENT.
On December 31, 2020, Crucial Innovations Corp., a Nevada corporation (the
"Company") entered into a definitive Equity Purchase Agreement with Mercantile
Global Holdings, Inc., a Delaware corporation ("MGH"). [Reference is made to the
Current Report on Form 8-K filed with the Securities and Exchange Commission on
January 4, 2021].
On September 2, 2021, the Company and MGH entered into a Mutual Termination
Agreement, whereby the parties agreed to terminate the Equity Purchase
Agreement. The Mutual Termination Agreement provided for a mutual release of the
parties. This summary is qualified in its entirety by reference to the full text
of the Mutual Termination Agreement which is being filed with this Current
Report on Form 8-K (this "Report") as Exhibit 10.01 and incorporated herein by
reference.
ITEM 9.01 FINANCIAL STATEMENTS AND EXHIBITS.
(a) Financial statements of business acquired. Not applicable.
(b) Pro forma financial information. Not applicable.
(c) Shell company transactions. Not applicable.
(d) Exhibits
Exhibit Description Location
Number
10.01 Mutual Termination Agreement dated September 2, 2021 by Provided
and between Crucial Innovations Corp., a Nevada herewith.
corporation and Mercantile Global Holdings, Inc., a
Delaware corporation.
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