ITEM 8.01 OTHER EVENTS.
Pursuant to its prospectus dated
· The Company will grant
shares of common stock at a price of$0.05 per share untilDecember 31, 2026 .Mr. Chan may exercise the Option by applying or offsetting unpaid principal and / or accrued interest owing by the Company toMr. Chan on the line of credit he has issued to the Company, and
· The Company will cancel the right management has to distribute 101,025,092
shares of common stock at a price of$0.05 pursuant to the Prospectus.
A copy of the Option Agreement is attached as Exhibit 99.1 to this Current Report on Form 8-K and is incorporated by reference into item 9.01.
ITEM 8.01 OTHER EVENTS.
The Company has terminated the right to distribute 101,025,092 unrestricted
shares of common stock at a price of
ITEM 9.01 EXHIBITS AND FINANCIAL STATEMENTS.
Exhibit Document Description
99.1 Option Agreement between
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