John A. DiBella - 23 Aug 2022 Form 4 Insider Report for ENVIRO TECHNOLOGIES U.S., INC.

Role: CEO & CFO, Director
Signature: /s/ John A. DiBella
Issuer symbol: N/A
Transactions as of: 23 Aug 2022
Net transactions value: +$815,565
Form type: 4
Filing time: 29 Aug 2022, 16:31:55 UTC
Previous filing: 04 Jan 2022
Next filing: 30 Dec 2022
SEC: View on sec.gov

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Underlying Class	Amount	Exercise Price	Ownership	Footnotes
transaction	WOEN	6% Unsecured Convertible Promissory Note	Award	$815,565				0	23 Aug 2022	Common Stock	13,592,750	$0.0600	Direct	F1

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	On August 23, 2022 Enviro Technologies U.S., Inc. (the "Company") entered into a Share Exchange Agreement (the "Agreement") with Banner Midstream Corp., a Delaware corporation ("Banner Midstream") and Ecoark Holdings, Inc., a Nevada corporation and the sole shareholder of Banner Midstream. The Agreement contains customary representations and warranties, customary covenants and conditions to closing and additional conditions to closing. Pursuant to the Agreement, on August 23, 2022 the Company issued the Reporting Person a 6% convertible promissory note in the principal amount of $815,565, convertible at the option of the Reporting Person at $0.06 per share, with a maturity date of 12 months from the closing of the Agreement in satisfaction all of the Reporting Person's accrued payroll to the Company.

Content

On August 23, 2022 Enviro Technologies U.S., Inc. (the "Company") entered into a Share Exchange Agreement (the "Agreement") with Banner Midstream Corp., a Delaware corporation ("Banner Midstream") and Ecoark Holdings, Inc., a Nevada corporation and the sole shareholder of Banner Midstream. The Agreement contains customary representations and warranties, customary covenants and conditions to closing and additional conditions to closing. Pursuant to the Agreement, on August 23, 2022 the Company issued the Reporting Person a 6% convertible promissory note in the principal amount of $815,565, convertible at the option of the Reporting Person at $0.06 per share, with a maturity date of 12 months from the closing of the Agreement in satisfaction all of the Reporting Person's accrued payroll to the Company.