On December 30, 2021, EZ Raider Global Inc. (“EZ Global”), which is a wholly-owned subsidiary of EZRaider Co. (the “Company”), and D.S. Raider Ltd. entered into a memorandum of understanding (the “Memorandum”), which amended certain terms of the Share Purchase Agreement EZ Global, D.S Raider, and the shareholders of D.S Raider entered into on August 31, 2021 (as previously amended on March 30, 2021 and August 31, 2021, the “Purchase Agreement”), pursuant to which, among other things, EZ Global had the exclusive right to acquire 100% of the capital stock of D.S Raider on or before December 31, 2021 (the “Exclusivity Date”), for an aggregate purchase price of $30,000,000. The parties also agreed that Michael (Miki) Bar, the retiring Chief Executive Officer of D.S Raider, would be appointed as a member of the Company's management.