UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM
CURRENT REPORT
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Section 1
Item 1.01 Entry into a Material Definitive Agreement.
On February 16, 2022 Motos America Inc. (the “Company”) adopted a Stock Option Plan for the benefit of key employees of the Company, members of the Board of Directors of the Company, and key service suppliers to the Company.
Motos America Inc. does hereby allocate One Million Five Hundred Thousand (1,500,000) shares of its $0.001 par value common voting shares under this Stock Option Plan, to be allocated among key employees, directors and key associates of the Company at the direction of the Board of Directors of the Company.
The exercise price of these options will be the fair market value per share of the Company on the grant date, determined by the Company considering the prevailing market price for the Shares, and/or other transactions in the Option Shares directly with the Company, not involving market transactions.
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned, hereunto duly authorized.
| MOTOS AMERICA INC. | ||
| (Registrant) | ||
| Date: February 24, 2022 | By: | /s/ Vance Harrison |
| Vance Harrison Chief Executive Officer | ||
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