E-WASTE CORP.

Going forward, the Company intends to seek, investigate and, if such investigation warrants, engage in a business combination with a private entity whose business presents an opportunity for its shareholders.  The Company is currently engaged in discussions with EZRaider Global, Inc., a Nevada corporation (“EZ Global”), regarding a possible business combination involving the two companies. The consummation of the transaction is contingent upon the parties entering into definitive agreements and satisfaction of the closing conditions set forth in these agreements and other conditions, including, but not limited to, satisfactory completion by the Company and EZ Global of all necessary business and legal due diligence, and the completion of audited financial statements of EZ Global. There is no assurance that the Company will consummate a transaction with EZ Global, or successfully identify and evaluate other suitable business opportunities, or that the Company will conclude a business combination.

On October 1, 2020, the Company entered into a one-year consulting agreement with an entity having an owner that is a family member of a significant stockholder. Services are for financial and strategic advice. The consultant is paid $2,500 per month over the term of the agreement. The consulting agreement can be terminated by either party at any time, with 30 days written notice.  For the three months ended May 31, 2021 and 2020, the Company recorded consulting fee expense of $5,000 and $0, respectively, which is included on the accompanying consolidated statements of operations. On April 26, 2021, the Company terminated the consulting agreement.

On June 18, 2021, the Company entered into a termination of lease agreement (the “Termination of Lease Agreement”) with Tryon Capital, LLC (“Tryon”), pursuant to which the parties terminated the lease under which the Company was renting office space from Tryon for $250 per month, effective as of June 30, 2021.

On July 1, 2021, the Company entered into a new lease agreement with Benchmark Capital LLC (the “Lease Agreement”), pursuant to which the Company is renting its new office space, located at 500 W. 5th Street, Suite 800, Winston Salem, NC 27101, for a period of six months, at a rate of $300 per month. The Lease Agreement provides that it can be terminated by either party at any time, upon 30 days written notice, or renewed for an additional six-month period at a rate of $350 per month.

Our financing activities resulted in a cash inflow of $2,095,000 for the three months ended May 31, 2021, which is represented by $405,000 repayment of note payable – related party and $2,500,000 of proceeds from common stock issuance for cash.  Our financing activities resulted in a cash inflow of $20,625 for the three months ended May 31, 2020, which is represented by $20,625 in proceeds from a former related party.