LIMITLESS PROJECTS INC. Las Vegas, Nevada 89117
Exhibit 10.1
0000 Xxxxxxx Xxxxxx
Xxx Xxxxx, Xxxxxx 00000
January 19, 2022
WarpSpeed Taxi Inc. and
Cyber Apps World, Inc.
0000 X. Xxxx Xxxx Xxxx
Xxx Xxxxx, XX 00000
Attention: Xxxxxxxx Xxxxx Rafimiya Kazi
Dear Xxxxx:
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) | Xxxxxxxx Xxxxx Rafimiya Kazi and Xxxxxxxx Xxxxxxx shall resign as directors and officers of WarpSpeed and appoint Xxxxxx Xxxxx 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 Xxxx 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,
PER:
/s/ Xxxxxx Xxxxx
XXXXXX XXXXX
President
AGREED AND CONFIRMED this
19th day of January, 2022
/s/ Xxxxxxxx Xxxxx Rafimiya Kazi
Cyber Apps World, Inc.
By its president, Xxxxxxxx Xxxxx Rafimiya Kazi
/s/ Xxxxxxxx Xxxxx Rafimiya Kazi
WarpSpeed Taxi Inc.
By its president, Xxxxxxxx Xxxxx Rafimiya Kazi
