8-K

SECURITIESAND EXCHANGE COMMISSION

WASHINGTON,D.C. 20549

FORM8-K

CURRENTREPORT

Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934

Date of Report (Date of earliest event reported): March 15, 2022

WARPSPEEDTAXI INC.

(Exact Name of Registrant as Specified in Charter)

2261 Rosanna Street, Las Vegas, Nevada, 89117

(Address of Principal Executive Offices, Zip Code)

Registrant’s telephone number, including area code: (269) 692-9418

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. ☐

On March 15, 2022, we entered into an agreement 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 our WarpSpeed Taxi computer application (the “Application”). The agreement provides that we will be responsible for licensing the Application to the Company and making any modifications to the Application that are necessary in order to customize it for operation in U.S. markets. The JV Partner will be responsible for operating the Company’s business, including, retaining all employees and independent contractors necessary to commence and continue business operations, handling customer service queries, complying with all applicable regulations and legal requirements, and handling all legal and accounting matters.

We will have a 51% equity interest in the Corporation and our JV Partner will have a 49% interest. We will also receive an Application licensing fee equal to 2.5% of all gross revenues that the Corporation generates, as well as a monthly fee (i.e., the greater of $5,000 or 2.5% of each month’s sales) payable on the Corporation’s commencement of revenue-generating operations. We must pay $10,000 to the Corporation as a share subscription payment for our 51% equity interest while the JV Partner must pay $1,000,000 (i.e., $20,000 upon execution of the agreement, for its 49% interest, an additional $250,000 by July 31, 2022, and the balance by October 31, 2022).

The agreement contemplates that the Corporation shall initially commence operations in Nevada and subsequently expand its business to other United States cities in all 50 states.

On March 15, 2022, we issued a press release announcing our entry into the material definitive agreement described in Item 1.01 above.

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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.

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Exhibit 99.1

WarpSpeedTaxi Announces Signed Licensing Agreement for USA

LAS VEGAS, NV – March 15, 2022 – WarpSpeed Taxi Inc. (OTC: WRPT) (“WarpSpeed” or the “Company”), the developer of an all-in-one software solution for ride hailing, food delivery, and courier services, is excited to announce the signing of a licensing agreement (the “Agreement”) to establish the initial U.S. footprint for WarpSpeed Taxi.

The Company has signed an Agreement with a U.S.-based joint venture partner (the “US Partner”) to launch ride-hailing and delivery operations in the United States using the Company’s feature-rich, white-label software platform.

The US Partner has agreed to contribute $1 million in stages by December 31, 2022 in order to drive the launch of operations in return for access to the WarpSpeed Taxi platform and 50% ownership of the venture.

In addition to its 50% equity interest in U.S. operations, the Company will receive 2.5% of all gross revenues as a licensing fee as well as an additional monthly backend management fee equal to $5,000 or 2.5% of sales, whichever is greater.

The initial launch is planned for October 2022 in Nevada with expansion into additional states by December.

“This is ahead of our planned timeline for expansion, which is a very strong signal about the viability of our model in terms of finding competent and willing partners to fund and drive local operations in new markets,” noted Daniel Okelo, CEO of WarpSpeed Taxi. “We are getting set to launch in India this spring, as previously communicated. Now we have our partner in place for our US presence. We also have negotiations underway with another potential partner to expand into a third national marketplace. We look forward to announcing further details as that process unfolds.”

AboutWarpSpeed Taxi

WarpSpeed Taxi Inc. is a company involved in the development, testing, and marketing of a ride-hailing and food delivery computer and mobile device application known as “WarpSpeedTaxi: that will provide travelers with convenient door-to-door transport that leverages smart mobility platforms to connect drivers with passengers and lets drivers use their personal vehicles.

For more information go to: http://www.warpspeedtaxi.com

Forward-LookingStatements

Thispress release contains forward-looking information within the meaning of section 27A of the Securities Act of 1933 and section 21E ofthe Securities Exchange Act of 1934 and is subject to the safe harbor created by those sections. This material contains statements aboutexpected future events and/or financial results that are forward-looking in nature and subject to risks and uncertainties. That includesthe possibility that the company is not successful in developing, testing, or marketing its computer application, that its U.S. jointventure partner is unable to fund operations as agreed, or that the Company is unable to commence operations in other jurisdictions.Such forward-looking statements by definition involve risks, uncertainties and other factors, which may cause the actual results, performanceor achievements of WarpSpeed Taxi Inc. to be materially different from the statements made herein. Except for any obligation under theU.S. federal securities laws, Nature Consulting, Inc. undertakes no obligation to publicly update any forward-looking statement as aresult of new information, future events or otherwise.

CorporateContact:

2261 Rosanna Street, Las Vegas, Nevada, 89117

Telephone: (269) 692-9418

info@warpspeedtaxi.com