Item 5.02 Departure of Directors or Certain Officers; Election of Directors;
Appointment of Certain officers; Compensatory Arrangements of Certain Officers.
Entry into Management Services Agreement
Green Giant Ltd., a Delaware corporation ("Green Giant") a wholly owned
subsidiary of Green Giant Inc. (the "Company"), entered into certain Management
Services Agreement (the "Agreement") by and among Green Giant, Incrementum
Management LLC (the "Consultant"), and Mr. Junaid Ali (the "Executive"),
pursuant to which Green Giant shall engage the management services of the
Consultant and the Executive to implement its plan to engage in the green energy
or carbon free energy sector in the U.S. The Executive will be appointed as
Chief Executive Officer of Green Giant and work together with representatives of
Green Giant and the board of directors of the Company to develop a viable
business plan for Green Giant in the U.S.
Mr. Junaid Ali is the principal owner and Manager of the Consultant. The
biographical information of Mr. Ali is set forth below.
Mr. Junaid Ali has served as the the Chief Executive Officer of Eindustrify
Services LLC since January 2021, Chief Executive Officer and Founder of Prismecs
LLC since January 2019 and the Chief Executive Officer of InvesProp LLC since
January 2016. From December 2015 to December 2018, Mr. Ali served as the Project
Director of GE Power, owned by General Electric Company (NYSE: GE). Mr. Ali
served as the Senior Project Manager at APR Energy Limited from September 2011
to December 2015.
The Agreement sets the annual compensation of the Consultant and the Executive
at $360,000, and establishes other terms and conditions governing their services
to Green Giant. The Agreement is qualified in its entirety by reference to the
complete text of the Agreement, which is filed hereto as Exhibit 10.1.
Item 9.01 Financial Statement and Exhibits
(d) Exhibits
10.1 Management Services Agreement, dated November 7, 2022 by and among
Green Giant Ltd., Incrementum Management LLC and Junaid Ali
104 Cover Page Interactive Data File (embedded within the Inline XBRL
document).
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