AND EXCHANGE COMMISSION
to Section 13 OR 15(d) of the Securities Exchange Act of 1934
of Report (Date of earliest event reported) November 20, 2017
name of registrant as specified in its charter)
or other jurisdiction
Indiana Court, Venice Beach, CA 90291
(Address of principal executive offices and Zip Code)
telephone number, including area code: 310.658.4413
(Former name or former address, if changed since last report)
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:
communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)|
material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)|
communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))|
communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))|
1.01 Entry into a Material Definitive Agreement.
November 20, 2017, we entered into a loan agreement with WENN Digital Inc. (“WENN”) whereby we provided to
WENN a loan in the principal amount of $100,000 (the “Principal Amount”), which was to be loaned to Ryde GmbH
by WENN. The Principal Amount bears interest at an annual rate of 7% and matures on November 20, 2018. As partial consideration
for us agreeing to provide the loan to WENN, WENN agreed to issue to us such number of shares such that we will own 7.5% of the
issued and outstanding common stock of WENN after the issuance of WENN’s common stock to founding shareholders of WENN.
chairman and director, Cameron Chell, is a director, officer and an indirect shareholder of Business Instincts Group Inc. which
owns 12.5% of the common stock of WENN.
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.