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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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 (see General Instructions A.2. below):
Written communications 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) | |
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Indicate by check mark whether the registrant is an emerging growth company as defined in 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.
Securities registered pursuant to Section 12(b) of the Act: Not applicable.
Title of each class | Trading Symbol | Name of each exchange on which registered |
Item 1.01. Entry into a Material Definitive Agreement
On January 3, 2024, Ankam, Inc (the "Company") entered into an Acquisition Agreement (the "Agreement") for the acquisition of Apex Intelligence LLC (“LLC”), a limited liability company organized and existing under the laws of Wyoming.
Item 2.01 Completion Of Acquisition Or Disposition Of Assets
On January 3, 2024, Ankam, Inc (the “Company”) entered into an Acquisition Agreement (the “Agreement”) for the acquisition of complete ownership of Apex Intelligence LLC, a Wyoming limited liability company (“LLC”), inclusive of the Apex, a currency converter service (the “Asset”), along with all codes, licenses, intellectual property rights, related documentation and all activities related to the business of the Asset. The Agreement involves the acquisition of complete ownership interest of LLC, including the full acquisition of the Asset, developed and solely owned by LLC. The acquisition has been approved by the Company’s board of directors and is in compliance with all applicable regulatory requirements.
The “Apex” is an innovative and user-friendly currency conversion service designed to simplify global exchange rates. With a streamlined interface, users can effortlessly obtain accurate conversion rates through a straightforward series of steps, including entering the desired amount and selecting source and target currencies. Upon inputting details and activating the "Convert" button, the system, known as "Apex," processes requests rapidly, displaying precise conversion results on the webpage. The website offers real-time updates on global exchange rates, empowering users to make informed financial decisions swiftly.
In compliance with the Agreement, duly signed by the director of the Company and the sole proprietor, individual and authorized member of the LLC possessing all rights, the LLC, along with its operating history, was sold, transferred, assigned and conveyed to the Company. The company has acknowledged and accepted the LLC, along with its entire background to the company`s balance. Upon the merger, both the Company and the LLC persisted as independent and fully operational business entities, continuing their respective operations. Following the merger, complete ownership of the LLC was transferred to the Company.
The Agreement outlines the terms and conditions of the transaction, including the purchase price, closing date, and the transfer of ownership rights of the LLC and the Service to the Company, along with all associated codes, licenses, intellectual property, related documentation and all activities related to the business. The copies of the Acquisition Agreement and Promissory Note dated January 3, 2024, are filed as exhibits to this Form 8-K.
Item 9.01 Exhibits
(d) Exhibits.
Exhibit No. | Description | |
10.1 10.2 |
Acquisition Agreement dated
January 3, 2024
Promissory Note dated January 3, 2024
|
SIGNATURES
In accordance with the requirements of the Securities Act of 1933, the registrant caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.
Date: January 8, 2024 | ANKAM, INC. | ||
By: | /s/ | Bakur Kalichava | |
Name: | Bakur Kalichava | ||
Title: |
President, Director, Chief Executive Officer, Chief Financial Officer, Treasurer and Secretary |
ACQUISITION AGREEMENT
This Acquisition Agreement (this "Agreement") is made and entered into as of January 3, 2024, (the “Effective date”) by and between Ankam, Inc., a Nevada corporation with its registration address at 5348 Vegas Drive, Las Vegas, NV 89108, hereinafter referred to as the "Buyer", and Maksym Hordieiev, an individual, holds exclusive ownership of Apex Intelligence LLC, hereinafter referred to as the “Company”, a Wyoming limited liability company with its registration address at 30 N Gould St Ste R Sheridan, WY, 82801, hereinafter referred to as the "Seller".
RECITALS
A. | The Seller, possessing complete and exclusive ownership of the Company, intends to completely sell, transfer, convey, and assign the ownership interest in the Company to the Buyer, inclusive of the Apex, a currency converter service, hereinafter referred to as the “Asset”, along with all codes, licenses, intellectual property rights, related documentation and all activities related to the business of Asset; |
B. | The Buyer agrees to accept and acquire complete ownership interest in the Company, encompassing the Asset, along with all codes, licenses, intellectual property rights, related documentation and all activities related to the business of Asset, developed and solely owned by the Seller. The description, functionality and details of the Asset are outlined in Exhibit A, attached herewith. |
NOW, THEREFORE, in consideration of the mutual covenants contained herein and for other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the parties agree as follows:
ACQUISITION OF COMPLETE OWNERSHIP INTEREST OF THE COMPANY
1.Sale and Transfer. Subject to the terms and conditions of this Agreement, Seller agrees to sell, transfer, convey, and assign to Buyer, and Buyer agrees to accept and acquire from Seller, complete ownership interest in the Company, representing the entire membership interests therein.
TRANSFER OF COMPLETE OWNERSHIP OF THE ASSET
2.1 Sale and Transfer. In conjunction with the transfer of ownership interests in the Company, Seller agrees to sell, transfer, convey, and assign to Buyer, and Buyer agrees to accept and acquire from Seller, complete ownership of the Asset, developed and solely owned by the Company.
2.2 Codes and Licenses. Seller further agrees to transfer all codes, licenses, intellectual property rights, related documentation and all activities related to the business of Asset to Buyer, ensuring complete and unrestricted ownership and control by Buyer.
TRANSFER OF OWNERSHIP
3.1 Date of Transfer. The transfer of ownership interests and related assets contemplated by this Agreement shall occur on the Effective Date. Upon closing, Buyer shall own and control the Asset exclusively and without restriction.
3.2 Deliverables. Upon the Effective Date, the Seller is obligated to provide the Buyer with all appropriately executed documentation related to the transfer and assignment process of the Company and the Asset. This includes, without limitation, documents pertaining to the transfer of membership interest and relevant intellectual property assignment records also as the access to codes, licenses, related documentation of the Asset and all activities related to the business of Asset.
CONTINUED AUTONOMY OF THE COMPANY
4.1 Continuation of Independent Entity. As a consequence of the merger, the Buyer will acquire full ownership of the Company, marking a pivotal moment in the consolidation of business entities. Despite the transfer of ownership rights, the Company will sustain its autonomy and the Company will uphold its operational independence. This strategic approach is meticulously crafted to preserve operational integrity and ensure a harmonious integration aligned with the primary objectives of the merger.
PAYMENT DETAILS
5.1 Payment Amount. As part of the consideration for the acquisition, Buyer agrees to pay Seller the total sum of $158,040 (one hundred fifty-eight thousand forty U.S. dollars), (the "Purchase Price"). The agreed-upon Purchase Price aligns with the Asset Estimate, presented as an exhibit to this agreement, and is mutually acknowledged by both parties.
5.2 Payment Schedule. The Buyer shall make an initial payment of $20,000 (twenty thousand) on the Effective Date. The remaining balance of $138,040 (one hundred thirty-eight thousand forty U.S. dollars) will be addressed through a Promissory Note issued by the Buyer on the same Effective Date, with mutually agreed-upon terms and conditions.
5.3 Promissory Note. The Buyer shall issue a Promissory Note on the Effective Date, reflecting the outstanding balance of $138,040 (one hundred thirty-eight thousand forty U.S. dollars) for a duration of one year till January 3, 2025 (the “Closing Date”). In the event that the Buyer fails to settle the outstanding balance by the “Closing Date”, the Buyer is obligated to issue common shares equivalent to the remaining balance to the Seller. The issuance of common shares shall be in accordance with the agreed-upon terms and conditions between the Buyer and the Seller. The Promissory Note is annexed herein as an exhibit.
MANAGERIAL ROLE
6.1 Managerial Continuity. Upon the completion of the merger between the Buyer and the Company, Maksym Hordieiev, the former sole director of the Company, will continue serve as an authorized manager, ensuring seamless oversight of operations, aligning directly with the merger's objectives, facilitating a smooth transition, preserving the integrity of the new combined company, promoting stability, and optimizing the use of combined resources for optimal business performance. Maksym Hordieiev is requested to provide at least 30 days' notice to the Corporation in case he wishes to leave this position, ensuring a proactive and orderly transition. All the terms and conditions of Mr. Hordieiev`s employment were outlined in the compensation agreement.
REPRESENTATIONS AND WARRANTIES
7.1 By Seller. Seller represents and warrants to Buyer that it is the legal and beneficial owner of the ownership interest in the Company and of the Asset, and that it has full power and authority to sell, transfer, convey, and assign the same.
7.2 By Buyer. Buyer represents and warrants to Seller that it has the financial capability and legal capacity to accept and acquire complete ownership interest in the Company, encompassing the Asset, along with all codes, licenses, intellectual property rights, related documentation and all activities related to the business of Asset, developed and solely owned by the Company.
GOVERNING LAW
This Agreement shall be governed by and construed in accordance with the laws of the state of Nevada without regard to its conflicts of law principles.
SEVERABILITY
If any provision of this Agreement is held to be invalid or unenforceable, such provision shall be struck and the remaining provisions shall remain in full force and effect.
ENTIRE AGREEMENT
This Agreement constitutes the entire agreement and understanding between the parties with respect to the subject matter hereof and supersedes all prior or contemporaneous communications, representations, or agreements, whether oral or written.
NOTICES
All notices and other communications hereunder shall be in writing and shall be deemed to have been duly given when delivered personally, sent by certified or registered mail, postage prepaid, return receipt requested, or sent by overnight courier service.
IN WITNESS WHEREOF, the parties hereto have executed this Acquisition Agreement as of the date first above written.
January 3, 2024
ANKAM, INC. | APEX INTELLIGENCE LLC
| ||
s/ Bakur Kalichava_ | /s/ Masym Hordieiev | ||
Bakur Kalichava | Maksym Hordieiev
| ||
President, Treasurer, Director & Secretary | Authorized manager |
EXHIBIT A
DESCRIPTION OF THE APEX
Description:
"Apex" an innovative currency conversion service aimed at simplifying global exchange rates on-the-go. This intuitive bot-driven solution is designed to render currency conversion a hassle-free and swift process. The streamlined interface ensures users can efficiently obtain accurate conversion rates through a straightforward series of steps.
The user-friendly interface features an input field allowing users to enter the desired amount for conversion, along with their chosen source and target currencies. This design ensures a seamless experience, enabling users to effortlessly specify their conversion requirements.
Functionality:
Upon entering the necessary details, users can simply activate the "Convert" button, prompting the system to promptly process the request. "Apex" provides rapid and precise conversions. The converted amount is displayed in the response field on the webpage, providing users with timely access to the required information. The website is crafted to deliver real-time updates, ensuring users are consistently informed about the latest global exchange rates. This feature empowers individuals and businesses to make well-informed financial decisions swiftly and confidently.
Development:
The development of the Apex consisted of two parts: website development and API development. The website development for Apex focuses on creating an intuitive user interface with responsive design, ensuring seamless navigation and accessibility across devices. The API development involves designing and implementing robust backend functionality, enabling smooth communication between different systems and allowing for seamless data exchange. Both aspects align with the Apex's objectives and user needs, contributing to the overall success of the Apex platform.
January 3, 2024
ANKAM, INC. | APEX INTELLIGENCE LLC
| ||
s/ Bakur Kalichava_ | /s/ Masym Hordieiev | ||
Bakur Kalichava | Maksym Hordieiev
| ||
President, Treasurer, Director & Secretary | Authorized manager |
CONVERTIBLE PROMISSORY NOTE
$138,040
January 3, 2024
FOR VALUE RECEIVED, Ankam, Inc., a Nevada corporation (the “Company”), hereby promises to pay to Maksym Hordieiev (the “Holder”), the principal amount of 138,040 (one hundred thirty-eight thousand forty U.S. dollars), together with simple interest on the principal amount of this Promissory Note (the “Note”) outstanding at the rate of ten percent (10%) per annum. The entire principal amount of this Note, together with all accrued but unpaid interest thereon, shall be finally due and payable on January 3, 2025, (the “Closing Date”). This Promissory Note is issued in connection with the Acquisition Agreement dated January 3, 2024.
The following is a statement of the rights of the Holder and the conditions to which this Promissory Note (this “Note”) is subject, and to which the Holder, by the acceptance of this Note, agrees:
1. | Principal and Interest. All payments under this Note shall be by wire transfer or other immediately available funds payable in United States currency. The principal hereof shall be due and payable in full until the Closing Date. Accrued interest, at the rate mentioned above, shall be due and payable on the Closing Date or, with respect to any portion of the principal amount hereof that is prepaid, on the date of such prepayment. |
2. | Purpose of Loan. This Promissory Note is issued in connection with the Acquisition Agreement dated January 3, 2024 (the “Issue date”), entered into by and between the Company and the Holder. Pursuant to the terms of the Acquisition Agreement, the Company acknowledges and agrees that the outstanding balance specified in this Promissory Note represents funds advanced by the Holder for the purpose of facilitating the acquisition as outlined in the aforementioned Agreement. The Company undertakes to repay the loan amount, along with accrued interest, in accordance with the terms and conditions set forth in this Promissory Note. This Promissory Note is an integral part of the overall financial arrangement established under the Acquisition Agreement. |
3. | Events of Default. Each of the following events shall be deemed an Event of Default hereunder: (i) the Company fails to timely pay all then outstanding principal and accrued interest when due; (ii) the Company files a petition or action for relief under any bankruptcy, insolvency or moratorium law or any other law for the relief of, or relating to, debtors, now or hereafter in effect, or makes any assignment for the benefit of creditors or takes any action in furtherance of any of the foregoing; or (iii) an involuntary petition is filed against the Company (unless such petition is dismissed or discharged within sixty (60) days) under any bankruptcy statute now or hereafter in effect, or a custodian, receiver, trustee, assignee for the benefit of creditors (or other similar official) is appointed to take possession, custody or control of any property of the Company. |
Upon the occurrence of an Event of Default hereunder, all unpaid principal, accrued interest and other amounts owing hereunder shall, at the option of the Holder, in the case of an Event of Default of the nature specified in clause (i) above, and automatically, in the case of an Event of Default pursuant to clauses (ii) or (iii) above, be immediately due, payable and collectible by Holder pursuant to applicable law. Subject to the foregoing, Holder shall have all rights and may exercise any remedies available to it under law, successively or concurrently. In addition, at any time or times during which an Event of Default shall then exist, the interest rate under this Note shall be equal to the lesser of: (i) ten percent (10%) per annum or (ii) the maximum rate of interest permitted by applicable law of the state of Nevada.
4. | Parties in Interest. All covenants, agreements and undertakings in this Note binding upon the Company or the Holder shall bind and inure to the benefit of (i) the Holder and the Holder’s successors and assigns, and (ii) the Company and the Company’s respective successors and permitted assigns. |
5. | Payment. If the date for any payment due hereunder would otherwise fall on a day which is not a Business Day, such payment or expiration date shall be extended to the next following Business Day with interest payable at the applicable rate specified herein during such extension. “Business Day” shall mean any day other than a Saturday, Sunday, or any day which shall be in the City of Las Vegas a legal holiday or a day on which banking institutions are required or authorized by law to close. |
6. | Prepayment. The Company may prepay this Note in whole or in part at any time. |
7. | Issuance of Shares. In consideration of the financial accommodations provided under this Promissory Note, the Company, hereby a corporate entity duly organized and existing under the laws of state of Nevada reserves the right, at its sole discretion, to issue and allot shares of its common stock to the Holder as a method of repayment. The number of shares and the terms of such issuance shall be determined by the Company in accordance with its corporate bylaws and applicable laws. The Holder agrees to accept such shares in lieu of a portion or the entirety of the outstanding balance of this Promissory Note, provided that all regulatory requirements and corporate formalities are duly observed. The issuance of shares under this arrangement shall be documented in accordance with applicable securities laws and corporate governance procedures. |
8. | Notices. All notices, requests, consents and demands shall be given or made, and shall become effective, in accordance with the Agreement. |
9. | Enforceability. The Company acknowledges that this Note and the Company’s obligations hereunder are and shall at all times continue to be absolute and unconditional in all respects, and shall at all times be valid and enforceable irrespective of any other agreements or circumstances of any nature whatsoever which might otherwise constitute a defense to this Note and the obligations of the Company evidenced hereby, unless otherwise expressly evidenced in a writing duly executed by the Holder hereof. |
10. | Assignment. The rights and obligations of the Company and the Holder of this Note shall be binding upon and benefit the successors, assigns, heirs, administrators and transferees of the parties. |
11. | Amendment and Waiver. Any term of this Note may be amended and the observance of any term of this Note may be waived (either generally or in a particular instance and either retroactively or prospectively), only with the written consent of the Company and the Holder. |
12. | Governing Law. This Note shall be governed by and construed in accordance with the laws of the State of Nevada applicable to contracts made and to be performed entirely within such State. |
IN WITNESS WHEREOF, the Company has caused this Promissory Note to be issued as of the date first set forth above.
Date: January 3, 2024
ANKAM, INC. | APEX INTELLIGENCE LLC
| ||
s/ Bakur Kalichava_ | /s/ Masym Hordieiev | ||
Bakur Kalichava | Maksym Hordieiev
| ||
President, Treasurer, Director & Secretary | Authorized manager |
Cover |
Jan. 03, 2024 |
---|---|
Cover [Abstract] | |
DocumentType | 8-K |
Amendment Flag | false |
DocumentPeriodEndDate | Jan. 03, 2024 |
FileNumber | 333-255392 |
RegistrantName | ANKAM, INC. |
Entity Central Index Key | 0001781629 |
TaxIdentificationNumber | 61-1900749 |
IncorporationStateCountryCode | NV |
AddressLine1 | 5348 Vegas Drive, |
AddressCity | Las Vegas |
AddressStat | NV |
AddressPostalZipCode | 89108 |
CityAreaCode | 995 |
LocalPhoneNumber | 599420389 |
WrittenCommunications | false |
SolicitingMaterial | false |
PreCommencementTenderOffer | false |
PreCommencementIssuerTenderOffer | false |
Emerging growth company | true |
ExTransitionPeriod | false |
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