UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
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ITEM 1.01ENTRY INTO A MATERIAL DEFINITIVE AGREEMENT.
On March 18, 2024, the Company entered into a Letter Of Intent to acquire Lucent, Inc. Both parties have agreed to promptly engage in negotiations for and enter into a definitive agreement. The LOI is attached hereto as Exhibit 10.1.
Lucent’s mission is to accelerate the transition to a sustainable energy future by providing reliable, affordable, and clean energy solutions. Lucent is committed to developing and deploying innovative technologies that reduce greenhouse gas emissions, minimize environmental impact, and promote social and economic equity.
Through collaboration and partnership with governments, businesses, and communities, we aim to build a cleaner, healthier, and more prosperous world for current and future generations.
ITEM 9.01FINANCIAL STATEMENTS AND EXHIBITS.
(d) Exhibits
The following exhibits are provided with this Current Report:
Exhibit Number | Description of Exhibit |
Letter of Intent dated March 19, 2024. |
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SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
| TIPMEFAST, INC. |
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Date: March 20, 2024 |
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| By: /s/ Raid Chalil |
| Raid Chalil, |
| Chief Executive Officer, Chief Financial Officer, Director |
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Letter of Intent
Personal & Confidential
TipMeFast, Inc.
HaShnura St 1
ZihronYa’akow, Israel 30950
RE: Acquisition
Dear Raid Chalil:
This letter sets forth our mutual understanding regarding the purchase of Lucent, Inc. by TipMeFast, Inc. This transaction will be subject to (a) the negotiation and execution of Agreements containing appropriate representations and warranties, as well as customary covenants and conditions and (b) due diligence requirements. The agreement will provide that:
1.The parties will negotiate a mutually agreeable definitive agreement for the purchase of 100% of Lucent, Inc. by TipMeFast, Inc. for 8,000,000 common shares of TipMeFast, Inc. but shall be contingent upon 5,000 shares of the Company being deposited in a brokerage (and the deposit being certified such to DTC) so that the shares become DTC eligible and at least two trades taking place at a price of at least $0.01 per share regardless of the purchaser of such shares.
2.The parties will attempt to complete the transaction as promptly as possible.
3.The parties will each bear its respective expenses incurred in connection with the negotiation, preparation and consummation of the contemplated transaction.
4.This letter shall not constitute a binding contract between the parties, but purports to set forth their present intent with respect to the terms proposed to be incorporated in the Agreements.
5.Unless otherwise required by law or regulation the parties agree that the transaction will not be announced until four days after the signing of the Definitive Agreement and then only in a mutually agreed upon statement.
6.The Letter of Intent may be executed in counterparts, each of which shall be an original, but all of which shall constitute one letter.
Please indicate your acceptance and approval of this letter by signing and dating below.
Dated on the 19th day of March, 2024
By: /s/ Steven Arenal
Steven Arenal, President
Lucent, Inc.
Acknowledged and Accepted:
By: /s/ Raid Chalil
Raid Chalil, PresidentTipMeFast, Inc.