Item 8.01 Other Events.
On September 23, 2021, Michael Toh Kok Soon, Chairman of the Board and CEO of
Toga Limited, brought a derivative lawsuit in the District Court of Clark
County, Nevada (the "District Court"), against Toga's former Chief Financial
Officer Alex Henderson as a derivative claim on behalf of Toga Limited. The case
is Michael Toh Kok Soon vs. Alexander Henderson and Toga Limited, et. al. (Case
No. A-21-841604-B).
On June 20, 2022, the District Court in such lawsuit issued an order granting
summary judgment in favor of Mr. Henderson.
On August 10, 2022, legal counsel for Mr. Toh and legal counsel for Toga jointly
filed a Stipulation and Order to Dismiss Without Prejudice the aforementioned
lawsuit and to vacate a pending Motion to Dismiss set for August 11, 2022. On
August 10, 2022, Judge Kishner of the District Court issued an Order (the
"Order") that the hearing date on the pending motion be vacated and that Toga
shall provide Notice of Dismissal of the case by filing a Current Report on Form
8-K on or before August 18, 2022.
The Order is attached hereto as Exhibit 99.1.
Item 9.01 Financial Statements and Exhibits.
(d) Exhibits Order served on August 10, 2022, issued by the District Court of
Clark County, Nevada, Department 31 in Michael Toh Kok Soon vs. Alexander
Henderson and Toga Limited, et. al. (Case No. A-21-841604-B).
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