Material Event Form 8 K

Item 8.01 Other Events

As previously disclosed, on January 6, 2023, a former employee (the "Plaintiff") of CIMG Inc. (formerly known as Nuzee, Inc.) (the "Company"), filed a complaint (the "Complaint") against the Company and another former employee of the Company (the "Supervisor"), in the Superior Court of California, County of San Diego (Case No. 37-2023-00000841-CU-WT-NC). Pursuant to the terms of the Plaintiff's employment agreement with the Company, on December 22, 2023, the Court compelled the case to arbitration with the American Arbitration Association (case number 01-24-0002-3225) (the "Action"). The Complaint sought damages, penalties, attorney's fees, and costs and interest.

On November 8, 2024, without a finding or admission of wrongdoing, the Company entered into a settlement agreement with the Plaintiff under which the Company agreed to pay a settlement in exchange for mutual general releases and a dismissal of the Action.