Item 1.01 Entry into Material Definitive Agreement.
On August 31, 2022, the Company completed the acquisition of Mesquite Management
LLC ("Mesquite"), a Nevada Limited Liability company with offices at 450
Hillside Drive, #A224, Mesquite, NV 89027. The Company has had a contractual
relationship with Mesquite for several years to assist with various
administrative functions and provide banking services, including maintenance of
bank accounts for the company, check writing (subject to authorization and
approval of the Company) and other similar administrative functions. In order
to better streamline operations and provide for improved internal control over
Company banking, the Company elected to acquire 100% of Mesquite and consolidate
the operations of Mesquite with the operations of the Company effective on the
acquisition date of August 31, 2022. The Company paid $9,308.73 for the
acquisition.
Effective August 31, 2022, Mesquite is now a wholly owned subsidiary of the
Company.
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