On May 26, 2021, Sky Petroleum, Inc. and Himmelhoch Petroleum & Gas limited PTY entered into a joint venture agreement dated May 26, 2021 to establish a joint venture. The purpose of the Joint Venture is to obtain one or more licenses, contracts in a designated area of interests, including South Africa and in Phase 1, would be to maximise the potential of supply of various Hydrocarbon related products, Aviation fuel, Biofuels, Liquified Petroleum Gas, Paraffin, as outlined in HPG’s Wholesale License Certificate No. W/2017/10298. Other possible business interests of the Joint Venture may include engagements, procurements, grants, conveyances or other transactions related to the exploration, development, procurement, processing and commercialization of Oil and Gas and to conduct such technical, business, financial or other due diligence in connection with the Business Interests; raise capital and fund operations reasonably required in connection with the Business Interest; acquire and hold the rights and opportunities associated with the Business Interest in common.