Exhibit 10.1
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, DC 20549
FORM
CURRENT REPORT
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FOMO WORLDWIDE, INC. is referred to in this Current Report on Form 8-K as “FOMO,” the “Company,” “we,” or “us.”
Item 8.01 Other Events.
On June 15, 2023, our wholly owned subsidiary Energy Intelligence Center LLC d/b/a Clean Solution Technologies (“CST”) signed a sales and marketing agreement with SRC Global Inc. (https://srcglobal.com/), an entity controlled by our Advisory Board Member Dilip Limaye, to target our 190 K12 school district customers in OH, PA and WV with solar power projects, either build to suit and sell outright or operated by CST under 20-year power purchase agreements (“PPA’s”) (https://www.cleansolutiontech.com/). 100% of any revenues generated from the arrangement will be booked through CST and accrue to us, with SRC Global utilized as subcontractor. We are already in discussions with K12 districts and are in the initial phases of business exploration. The Agreement is included herein as Exhibit 10.1.
State stimulus of $500 million for solar deployment (the “Solar for Schools Act”) is currently pending in the House of Representatives of Pennsylvania and is available at the following. We believe similar measures in other states are underway:
https://www.legis.state.pa.us/cfdocs/billinfo/billinfo.cfm?syear=2023&sInd=0&body=H&type=B&bn=137
Item 9.01. Exhibits
(a) Exhibits. The following exhibits are filed with this Current Report on Form 8-K:
| Exhibit No. | Description | |
| 10.1 | Clean Solution Technologies SRC Global Sales Agreement – June 15, 2023 | |
| 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.
| FOMO WORLDWIDE, INC. | ||
| Date: June 15, 2023 | By: | /s/ Vikram Grover |
| Vikram Grover | ||
Exhibit 10.1