Item 1.02 Termination of a Material Definitive Agreement
On January 19, 2022, our subsidiary, WarpSpeed Taxi Inc. ("WarpSpeed") entered
into an agreement whereby it terminated an asset purchase and sale agreement
dated December 20, 2020 with Limitless Projects Inc. ("Limitless") to acquire
the WarpSpeed Taxi computer application given WarpSpeed's inability to make a
required payment pursuant to that agreement.
Pursuant to the terms of the termination agreement, Limitless has reimbursed
WarpSpeed the $10,000 cash payment that it made to Limitless upon the execution
of the original agreement. Additionally, the directors of WarpSpeed, who are
also our directors, have resigned and appointed Daniel Okelo, the president of
Limitless, in their place. We will also transfer the 115,000,000 shares of
common stock in the capital of WarpSpeed that we own to Limitless for
consideration of $14,100.
Item 9.01 Financial Statements and Exhibits
Exhibit No. Description
10.1 Termination Agreement among Limitless Projects Inc., WarpSpeed
Taxi Inc. and Cyber Apps World, Inc. dated January 19, 2022.
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