Change-in-Control Agreement and Contribution
On July 1, 2021, Mark Palumbo,
an officer and director of CannAssist International Corp. (the “Company”), and Forty 7 Select Holdings LLC, an entity controlled
by Greg Shockey (who was an existing shareholder of the Company), entered into an agreement pursuant to which Mark Palumbo transferred
all of his 1,000 shares of Series A Preferred Stock (representing 100% of the Company’s issued and outstanding Series A Preferred
Stock), of the Company to Forty 7 Select Holdings LLC in a private transaction. The Series A Preferred Stock provides the holder thereof
the right to vote 60% of the Company’s voting shares on any and all shareholder matters and thereby constituted a change of control
of the Company. Further, Mark Palumbo contributed 7,500,000 shares of common stock held by him to the treasury of the Company for cancellation
at no cost (the “Contribution”).
Pursuant to the requirements of the Securities
Exchange Act of 1934, as amended, the Company has duly caused this report to be signed on its behalf by the undersigned hereunto duly
CANNASSIST INTERNATIONAL CORP.
Date: July 2, 2021
/s/ Mark Palumbo
Mark Palumbo, Chief Executive Officer
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Other recent filings from the company include the following:
TERMINATION OF A MATERIAL DEFINITIVE - Oct. 14, 2021