UNITED
STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, DC 20549
FORM
CURRENT REPORT
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Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
Amended and Restated Consulting Agreement with Interim Chief Financial Officer
Effective November 4, 2024, the Company entered into an amended and restated consulting agreement (the “A&R Consulting Agreement”) with Tarsh PB Advisors with respect to Simon Tarsh’s service as the Company’s Interim Chief Financial Officer. Pursuant to the A&R Consulting Agreement, in exchange for Mr. Tarsh’s full-time service as the Company’s Interim Chief Financial Officer, the Company will pay Tarsh PB Advisors $25,000 per month. In addition, Tarsh PB Advisors may be entitled to an additional payment in the amount of up to 30% of the consideration paid under the A&R Consulting Agreement upon the achievement of certain milestones prior to the termination of the A&R Consulting Agreement. In addition, Mr. Tarsh received (i) a bonus of $29,063 on October 31, 2024 and will be paid an additioanl bonus of $29,063 on November 30, 2024 and (ii) received 58,500 stock options that will vest upon the termination date if the Company hires a new CFO prior to such date. The A&R Consulting Agreement has a term of three months from the date of the Agreement and may be renewed for successive one month terms. The A&R Consulting Agreement may be terminated by any party upon thirty days advance written notice.
The A&R Consulting Agreement is attached hereto as Exhibit 10.1 and is incorporated herein by reference. The foregoing description of the A&R Consulting Agreement is qualified in its entirety by reference to such exhibit.
Item 9.01 Financial Statements and Exhibits.
(d) Exhibits.
| Exhibit No. | Description | |
| 10.1 | Amended and Restated Consulting Agreement, dated November 4, 2024, by and between Renovaro Inc. and Tarsh PB Advisors LLC. | |
| 104 | Cover Page Interactive Data File (embedded within the Inline XBRL document) |
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.
| RENOVARO INC. | ||
| By: | /s/ Simon Tarsh | |
| Name: Simon Tarsh Title: Interim Chief Financial Officer | ||
Date: November 8, 2024