Item 8.01 Other Events.
On January 13, 2022, we filed a Form 8-K with the Securities and Exchange
Commission to disclose that on January 12, 2022, Dr. Foods, Inc., a Nevada
Company, Mama Foods Co., Ltd., a Japan Company, and White Knight Co., Ltd., a
Japan Company entered into a non-definitive agreement, a "Letter of Intent",
whereas it is proposed that Dr. Foods, Inc., will acquire 100% of the
controlling interest of Mama Foods Co., Ltd. from White Knight Co., Ltd. in
exchange for $500,000 coupled with the issuance of 19,500,000 shares of
restricted Preferred Stock to White Knight Co., Ltd.
The Letter of Intent is included by reference to our Form 8-K originally filed
with the Securities and Exchange Commission on January 13, 2022.
Pursuant to the Letter of Intent, all parties named therein, have mutually
agreed to extend the terms of the non-definitive agreement 30 more days in order
to provide more time to prepare the books and records of Mama Foods Co., Ltd.
There is no guarantee that this will be sufficient time to complete the
transaction(s) contemplated in the non-definitive agreement. If agreed upon, all
parties may elect to further extend the terms of the Letter of Intent.
Item 9.01 Exhibits
Exhibit Number Description of Exhibit
10.1 Letter of Intent (1)
(1) Included herein by reference to our Form 8-K originally filed with the
Securities and Exchange Commission on January 13, 2022.
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