Item 1.01 Entry into a Material Definitive Agreement.

Effective March 14, 2022 the Company consummated the purchase of the assets of Bloodworth Motorsports, Inc, a Tennessee corporation. These assets constitute the BMW and Ducati Motorcycle dealership located in Nashville, TN.

The transaction can be summarized as follows:





Purchase Price:

Goodwill            $   325,000.00
Fixed &Tools            250,000.00
Parts                   150,000.00
New Motorcycles         425,452.00
Used Motorcycles         38,322.21
Work In Progress         14,621.00
Cash                        300.00
Labor Prep Cost             400.00
Customer Deposits        (8,100.00 )
Total               $ 1,195,995.21

This purchase price was paid from cash on hand in the amount of $770.543.21, together with a new flooring line obtained by the Company from BMW Financial Services in the amount of $425.452.00.

No real estate was included in this transaction, and the Company has entered into a lease agreement whereby it will continue to operate from the seller's facility located at 288 White Bridge Pike, Nashville, TN 37209.

The Company has previously received permission from BMW North America and Ducati North America to operate Motorcycle Franchises featuring their brands at this location. The Company has also qualified and received a license to operate as a motor vehicle dealer from the State of Tennessee. Operations at this location will begin immediately.

The Company has formed a wholly owned subsidiary, Motos America Nashville, Inc. under the laws of the State of Tennessee for the purpose of holding these assets, and operating this motorcycle dealership. As such, the operations of the Nashville dealership will be consolidated into the books and records of the Company. The Company will operate the dealership under the name "Motos America Nashville".

The Nashville dealership had approximately $4.0 million in gross sales in the calendar year of 2021. The Company believes that it will be able to create approximately $5.5 million in gross sales during the coming year, and that it should generate approximately 6% of such sales in EBITDA to Motos America Inc., its parent company.







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                               CORPORATE HISTORY



General

The Company was incorporated under the laws of the State of Nevada on April 25, 2007 under the name "Contact Minerals Corp." The Company's securities traded under the symbol "CNTM" and later "CNTM" after a 2-for-1 forward split in February of 2009.

From the date of incorporation until the summer of 2017, the Company was an exploration stage company, engaged in the acquisition and exploration of mineral properties. The Company was also a "shell company" with no meaningful assets or operations that attempted to identify and merge with an operating company. The Company's principal business address was in Vancouver, BC, Canada, and the Company was directed by Kerry McCullagh, who served as Director, Chief Executive Officer, Chief Financial Officer, President, Secretary and Treasurer, along with his father William McCullagh and Alex Langer who also served as Directors.

Effective August 29, 2017, the Company and Kerry McCullagh entered into a stock purchase agreement with Shiong Han Wee and Kwueh Lin Wong. Under the terms of the Stock Purchase Agreement Messrs. Wee and Wong agreed to purchase 7,000,000 shares from the Seller and 78,770,000 shares from the Company. As result of this transaction, a total of 94,440,000 shares of Common Stock of the Company were issued and outstanding, of which approximately 90% were controlled directly by the Messrs. Wee and Wong.

Upon the consummation of the sale the executive officers and directors resigned from all of their positions with the Company, and Messrs. Wee and Wong were appointed to take their place.

Effective November 6, 2017, the Company changed its name to "WECONNECT Tech International, Inc." and its trading symbol to "WECT." The principal business office moved to Malaysia.

Effective June 8, 2018, the Company acquired 99.662% of the issued and outstanding securities MIG Mobile Tech Berhad ("MTT"), a payment-solution provider, and the Company entered into the payment solution business with a focus on users located in Malaysia.

The Company was never able to profitably operate the MTT business. The Company incurred a net operating loss of $1,103,166 for the year ended July 31, 2020, and an accumulated deficit of $7,638,503 as of July 31, 2020.

On June 20, 2021, the Company and Mr. Ng Chee Chun entered into a Share Sale Agreement to sell the shares of MTT held by the Corporation for di minimus consideration.

On September 27, 2021, the Company and certain other sellers of shares including Mr. Shiong Han Wee, director of the company, entered into a Sale and Purchase Agreement pursuant to which an aggregate of 436,482,690 shares of common stock of the Company and 10,000,000 shares of Series A Preferred Convertible Stock was sold. The Preferred Stock was issued to Mr. Shiong Han Wee as payment in full of all amounts owed by the Company to Mr. Wee, prior to the sale.

After this transaction, Mr. Vance Harrison became the beneficial owner of the common shares and Convertible Preferred Stock, together constituting approximately 91% of the issued and outstanding common stock of the Company (as determined on an as-converted basis).

Pursuant to the terms of the Stock Purchase Agreement, the Board appointed the following individuals to serve in the offices set forth next to their names:

Name            Position

Vance Harrison Chief Executive Officer, President and Director Terina Liddiard Chief Financial Officer, Secretary and Director Taylor Brody Chief Marketing Officer and Director

All previous board members resigned from their positions with the Company.







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In November, 2021 the Company filed Articles of Amendment with the State of Nevada whereby it changed its name to "Motos America Inc." Concurrent with the name change, the Company adopted a new business model. The Company intends to buy and operate powersports dealerships, with a primary interest on European luxury motorcycle brands, including BMW Motorcycles, Triumph Motorcycles and Ducati Motorcycles. In the view of the Company, this industry is ripe for consolidation, similar to what has occurred in the automotive dealership niche. The Company believes that consolidation in this niche will bring about the same advantages of scale associated with auto-dealer consolidations, namely better operating results flowing from professional management, branding and marketing opportunities, and volume purchasing.

Since November 2021, and under what the Company believes to be exemptions from the registration requirements of the Securities and Exchange Act of 1934, as amended, the Company has raised approximately $2.7 million from private investors in the form of equity and convertible debt. The Company anticipates raising an additional $40 Million to accomplish the Company's short-term-objective of owning 45 dealerships within 3 years.

In February 2022, Kris Odwarka became the President of the Company. Mr. Vance Harrison, who he replaced in this office, continued with the Company as its Chief Executive Officer, and as a member of the Board of Directors. Mr. Odwarka brings a wealth of experience in the Powersports industry to the Company. Over a 29-year span he has worked in various roles with European motorcycle and automotive manufacturers, including serving as the Vice President for North America of BMW Motorrad, and as the President of Husqvarna USA.

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