Item 1.01 Entry into a Material Definitive Agreement.

On May 3, 2023, we entered into a binding letter of intent dated for reference May 1, 2023 with a United States-based joint venture partner (the "JV Partner") whereby we will form a U.S. corporation (the "Corporation") for the purpose of operating a ride-hailing and delivery business using a computer application (the "Application"). The agreement provides that we will be responsible for funding the operation and marketing of the Application business in the amount of $1.5 million and that the JV Partner will cause the owner of the Application to transfer the assets comprising the Application to the Corporation. The JV Partner will be responsible for operating the Company's business while both parties will oversee monthly budgets for the Corporation. Both parties will each own of a 50% interest in the Corporation though these interests may be diluted through additional financing.

Item 9.01 Financial Statements and Exhibits








Exhibit No.   Description

99.1            Binding Letter of Intent dated May 1, 2023.




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