Exhibit 10.1
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, DC 20549
FORM
CURRENT REPORT
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FOMO WORLDWIDE, INC. is referred to in this Current Report on Form 8-K as “FOMO,” the “Company,” “we,” or “us.”
Item 1.02 Termination of a Material Definitive Agreement.
On June 15, 2023, FOMO and Himalaya Technologies, Inc. (“Himalaya”) mutually agreed to unwind and modify the previous sale and purchase of KANAB CORP. and licensing agreement for social media software underlying the business. The parties have agreed to reverse Himalaya’s May 10, 2023 sale of 100% of the shares of KANAB CORP. to FOMO WORLDWIDE, INC. for $17,017 in equal amount of forgiveness of a convertible loan provided to Himalaya Technologies, Inc. on June 28, 2021 and amended on November 9, 2021 and September 1, 2022.
As part of the unwind and modification, the 100,000 Series B shares issued for a license to KANAB CORP.’s social media platform on May 31, 2023 by Himalaya to FOMO will remain validly issued, while the $17,017 loan forgiveness by FOMO to Himalaya for monies previously funded also remains effective (canceled).
As a result, Himalaya Technologies, Inc. will be the 100% owner of KANAB CORP. including its wholly owned cannabis social media site and social media code @ https://www.kanab.club/. The mutual agreement paperwork is included herein as Exhibit 10.1. The transaction is expected to close June 16, 2023.
Item 9.01. Exhibits
(a) Exhibits. The following exhibits are filed with this Current Report on Form 8-K:
| Exhibit No. | Description | |
| 10.1 | Himalaya Technologies, Inc. FOMO WORLDWIDE, INC. KANAB CORP. Mutual Unwind and Modification Agreement – June 15, 2023 | |
| 104 | Cover Page Interactive Data File (embedded within the Inline XBRL document) |
SIGNATURES
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.
| FOMO WORLDWIDE, INC. | ||
| Date: June 15, 2023 | By: | /s/ Vikram Grover |
| Vikram Grover | ||
Exhibit 10.1