Item 5.02 Departure of Directors or Certain Officers; Election of Directors;
Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
On March 25, 2022, the Board of Directors of Home Bistro, Inc., a Nevada
corporation (the "Company"), appointed Camille May as Chief Financial Officer of
the Company.
Ms. May, 34, joined the Company in October 2021 in connection with the
acquisition of Model Meals LLC. She was a co-founder and chief financial officer
of Model Meals since January 2015. Ms. May has no family relationships with any
other officer or director of the Company.
In connection with the appointment, the Board approved an employment agreement
with Ms. May, which provides for an annual salary of $120,000 per year, a grant
of five year warrants to purchase 250,000 shares of common stock of the Company
at an exercise price of $0.001 per share, a performance-based bonus of up to
$45,000 in cash and up to 100,000 shares of common stock upon attainment of
certain performance targets specified therein, and weekly meal packages of up to
16 meals at no cost. The employment agreement has a two year initial term and
provides that her employment may only be terminated by the Company for cause.
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