Leopard Energy, Inc 8-K, filed Jan 19, 2022
Leopard Energy, Inc. (LEEN)
About this 8-K
Leopard Energy, Inc filed this 8-K on January 19, 2022.
Items reported
- Item 1.02: Ended a material agreement
- Item 9.01: Financial statements and exhibits
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): January 19, 2022
CYBER APPS WORLD, INC.
(Exact Name of Registrant as Specified in Charter)
| Nevada | 000-50693 | 90-0314205 |
| (State or Other Jurisdiction of Incorporation) | (Commission File Number) | (IRS
Employer Identification Number) |
9436 W. Lake Mead Blvd., Ste. 5-53
Las Vegas NV 89134-8340
(Address of Principal Executive Offices, Zip Code)
Registrant’s telephone number, including area code: (702) 805-0632
N/A
(Former Name or Former Address, if Changed Since Last Report)
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
☐ Written communication pursuant to Rule 425 under the Securities Act (17 CFR 230.425).
☐ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12).
☐ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)).
☐ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)).
Securities registered pursuant to Section 12(b) of the Act: None
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
Emerging growth company ☒
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐
| Item 1.02 | Termination of a Material Definitive Agreement |
On January 19, 2022, our subsidiary, WarpSpeed Taxi Inc. (“WarpSpeed”) entered into an agreement whereby it terminated an asset purchase and sale agreement dated December 20, 2020 with Limitless Projects Inc. (“Limitless”) to acquire the WarpSpeed Taxi computer application given WarpSpeed’s inability to make a required payment pursuant to that agreement.
Pursuant to the terms of the termination agreement, Limitless has reimbursed WarpSpeed the $10,000 cash payment that it made to Limitless upon the execution of the original agreement. Additionally, the directors of WarpSpeed, who are also our directors, have resigned and appointed Daniel Okelo, the president of Limitless, in their place. We will also transfer the 115,000,000 shares of common stock in the capital of WarpSpeed that we own to Limitless for consideration of $14,100.
| Item 9.01 | Financial Statements and Exhibits |
| Exhibit No. | Description | |
| 10.1 | Termination Agreement among Limitless Projects Inc., WarpSpeed Taxi Inc. and Cyber Apps World, Inc. dated January 19, 2022. |
1
SIGNATURES
Pursuant to the requirements of the Securities and Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
| Cyber Apps World Inc. | ||
| Date: January 19, 2022 | By: | /s/ Mohammed Irfan Rafimiya Kazi |
| Mohammed Irfan Rafimiya Kazi, President | ||
2
Exhibit 10.1
LIMITLESS PROJECTS INC.
2261 Rosanna Street
Las Vegas, Nevada 89117
January 19, 2022
WarpSpeed Taxi Inc. and
Cyber Apps World, Inc.
9436 W. Lake Mead Blvd
Las Vegas, NV 89134
Attention: Mohammed Irfan Rafimiya Kazi
Dear Irfan:
Re: Asset Purchase Agreement dated December 20, 2020 (the “Agreement”)
For good and valuable consideration, the receipt and sufficiency of which is hereby acknowledged, we hereby confirm our mutual agreement to terminate the Agreement on the following terms:
| 1. | WarpSpeed Taxi Inc. (“WarpSpeed”) and Limitless Projects Inc. (“Limitless”) (collectively, the “Parties”) hereby acknowledge the following: |
| a) | Pursuant to the Agreement, the Parties agreed that WarpSpeed would pay Limitless $10,000 upon the execution of the Agreement (which WarpSpeed paid), an additional $40,000 to Limitless upon Limitless’s delivery of a working prototype of the WarpSpeed Taxi computer application (the “Application”) to WarpSpeed, and an additional $250,000 as represented by a promissory note that WarpSpeed issued to Limitless; |
| b) | Limitless has delivered a working prototype of the Application to WarpSpeed; and |
| c) | WarpSpeed has not made the $40,000 payment to Limitless and is not in a position to do so. |
| 2. | Because the Agreement is not in good standing, the Parties hereby agree to terminate the Agreement on the following terms upon the execution of this agreement: |
| a) | Limitless shall reimburse WarpSpeed’s previous payment of $10,000; |
| b) | WarpSpeed’s parent company, Cyber Apps World, Inc., shall transfer the 115,000,000 shares of common stock of WarpSpeed registered in its name to Limitless in consideration of Limitless paying $14,100 to Cyber Apps World, Inc.; |
| c) | Mohammed Irfan Rafimiya Kazi and Kateryna Malenko shall resign as directors and officers of WarpSpeed and appoint Daniel Okelo in their place; |
| d) | the Parties shall execute and deliver to each other mutual releases in a form acceptable to the Parties, which includes, among other things, confirmation that the promissory note that WarpSpeed issued to Limitless is null and void; and |
| e) | WarpSpeed shall execute and deliver a Bill of Sale to Limitless whereby it transfers all interest in the Application, and all data and databases relating to the Application, to Limitless. |
If this termination agreement is acceptable, please sign and return a copy of this letter to us whereupon this termination agreement shall be a binding agreement.
Sincerely,
LIMITLESS PROJECTS INC.
PER:
/s/ Daniel Okelo
DANIEL OKELO
President
AGREED AND CONFIRMED this
19th day of January, 2022
/s/ Mohammed Irfan Rafimiya Kazi
Cyber Apps World, Inc.
By its president, Mohammed Irfan Rafimiya Kazi
/s/ Mohammed Irfan Rafimiya Kazi
WarpSpeed Taxi Inc.
By its president, Mohammed Irfan Rafimiya Kazi