UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

 

FORM 10-Q

 

[X] QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

 

For the quarterly period ended May 31, 2021

 

or

 

[  ] TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

 

For the transition period from to

 

Commission file number: 333-172172

 

GLOBE NET WIRELESS CORP.

(Exact name of registrant as specified in its charter)

 

Nevada		N/A
State or other jurisdiction of incorporation or organization		(I.R.S. Employer Identification No.)

 

2302-3 Pacific Plaza

410 Des Voeux Road West

Hong Kong, China

(Address of principal executive offices) (Zip Code)

 

(253)252-8637

Registrant’s telephone number, including area code

 

N/A

(Former name, former address and former fiscal year, if changed since last report)

 

Securities registered pursuant to Section 12(b) of the Act:

 

Title of each class		Trading Symbol(s)		Name of each exchange on which registered
Common Stock, par value $0.001 per share		GNTW		OTCPK

 

Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days. Yes [  ] No [X]

 

Indicate by check mark whether the registrant has submitted electronically and posted on its corporate Web site, if any, every Interactive Data File required to be submitted and posted pursuant to Rule 405 of Regulation S-T (§232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant was required to submit and post such files). Yes [X] No [  ]

 

Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, or a smaller reporting company. See the definitions of “large accelerated filer,” “accelerated filer” and “smaller reporting company” in Rule 12b-2 of the Exchange Act.

 

Large accelerated filer	[  ]	Accelerated filer	[  ]
Non-accelerated filer	[  ]	Smaller reporting company	[X]
(Do not check if a smaller reporting company)

 

Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act). Yes [X] No [  ]

 

APPLICABLE ONLY TO CORPORATE ISSUERS:

 

Indicate the number of shares outstanding of each of the issuer’s classes of common stock, as of the latest practicable date.

 

10,800,000 shares of common stock, $0.001 par value, issued and outstanding as of July 13, 2021.

 

 

 

GLOBE NET WIRELESS CORP.

Interim Condensed Financial Statements

May 31, 2021

Stated in US Dollars

(Unaudited)

 

	PAGES
INTERIM CONDENSED BALANCE SHEETS	F-1
INTERIM CONDENSED STATEMENT OF OPERATIONS	F-2
INTERIM CONDENSED STATEMENT OF STOCKHOLDER’S DEFICIT	F-3
INTERIM CONDENSED STATEMENT OF CASH FLOWS	F-4
NOTES TO INTERIM CONDENSED FINANCIAL STATEMENTS	F-5 – F-7

 

 

GLOBE NET WIRELESS CORP.

INTERIM CONDENSED BALANCE SHEETS

(Unaudited)

 

		May 31,				August 31,
		2021				2020
ASSETS
CURRENT ASSETS
Cash		$	492			$	2,223
Prepaid expenses			115,110				44,215
Total Assets		$	115,602			$	46,438
LIABILITIES AND STOCKHOLDERS’ DEFICIT
CURRENT LIABILITIES
Accounts payable and accrued liabilities		$	3,550			$	9,150
Notes and accrued interest payable – Note 4			52,209				50,414
Convertible notes and accrued interest payable – Note 5			307,770				212,654
Total Liabilities			363,529				272,218
STOCKHOLDERS’ DEFICIT
Common Stock - Note 6
Par Value: $0.001
Authorized 200,000,000 shares
Issued 10,800,000 shares			10,800				10,800
Additional paid in capital			143,282				92,106
Deficit accumulated			(402,009	)			(328,686	)
Total Stockholders’ Deficit			(247,927	)			(225,780	)
Total Liabilities and Stockholders’ Deficit		$	115,602			$	46,438

 

Going concern – Note 2

 

The accompanying notes are an integral part of the financial statements.

 

 

GLOBE NET WIRELESS CORP.

INTERIM CONDENSED STATEMENTS OF OPERATIONS

For the three and nine months ended May 31, 2021 and May 31, 2020

(Unaudited)

 

		For the three				For the three				For the nine				For the nine
		months ended				months ended				months ended				months ended
		May 31,				May 31,				May 31,				May 31,
		2021				2020				2021				2020
EXPENSES
General and administrative expenses		$	3,654			$	2,962			$	10,236			$	10,141
Operating loss before interest			(3,654	)			(2,962	)			(10,236	)			(10,141	)
Interest			(3,609	)			(3,609	)			(10,711	)			(10,278	)
Amortized interest			(51,275	)			(400	)			(52,376	)			(1,200	)
Net loss and comprehensive loss		$	(58,538	)		$	(6,971	)		$	(73,323	)		$	(21,619	)
Loss per share of common stock
-Basic and diluted		$	(0.005	)		$	(0.001	)		$	(0.007	)		$	(0.002	)
Weighted average shares of common stock
-Basic and diluted			10,800,000				10,800,000				10,800,000				10,800,000

 

The accompanying notes are an integral part of the financial statements.

 

 

GLOBE NET WIRELESS CORP.

INTERIM CONDENSED STATEMENT OF SHAREHOLDERS’ DEFICIT

For the Nine Months Ended May 31, 2021 and May 31, 2020

(Unaudited)

 

		Common stock								Additional Paid-in				Deficit
		Shares				Amount				Capital				Accumulated				Total
Balance, August 31, 2020			10,800,000			$	10,800			$	92,106			$	(328,686	)		$	(225,780	)
Net loss and comprehensive loss three months ended November 30, 2020			-				-				-				(6,163	)			(6,163	)
Balance, November 30, 2020			10,800,000				10,800				92,106				(334,849	)			(231,943	)
Equity portion on convertible debt issued			-				-				6,176				-				6,176
Net loss and comprehensive loss three months ended February 29, 2021			-				-				-				(8,622	)			(8,622	)
Balance, February 28, 2021			10,800,000				10,800				98,282				(343,471	)			(234,389	)
Equity portion on convertible debt issued			-				-				45,000				-				45,000
Net loss and comprehensive loss three month ended May 31, 2021			-				-				-				(58,538	)			(58,538	)
Balance, May 31, 2021			10,800,000			$	10,800			$	143,282			$	(402,009	)		$	(247,927	)

 

		Common stock								Additional Paid-in				Deficit
		Shares				Amount				Capital				Accumulated				Total
Balance, August 31, 2019			10,800,000			$	10,800			$	92,106			$	(294,304	)		$	(191,398	)
Net loss and comprehensive loss three months ended November 30, 2020			-				-				-				(6,578	)			(6,578	)
Balance, November 30, 2019			10,800,000				10,800				92,106				(300,882	)			(197,976	)
Net loss and comprehensive loss three months ended February 29, 2020			-				-				-				(8,070	)			(8,070	)
Balance, February 29, 2020			10,800,000				10,800				92,106				(308,952	)			(206,046	)
Net loss and comprehensive loss three months ended May 31, 2020			-				-				-				(6,971	)			(6,971	)
Balance, May 31, 2020			10,800,000			$	10,800			$	92,106			$	(315,923	)		$	(213,017	)

 

The accompanying notes are an integral part of the financial statements.

 

 

GLOBE NET WIRELESS CORP.

INTERIM CONDENSED STATEMENTS OF CASH FLOWS

For the Nine Months Ended May 31, 2021 and May 31, 2020

(Unaudited)

 

		For the nine				For the nine
		months ended				months ended
		May 31,				May 31,
		2021				2020
Cash Flows from (used in) Operating Activities
Net Loss		$	(73,323	)		$	(21,619	)
Adjustments to reconcile net income to net cash provided by (used in) operating activities
Amortization			-				907
Interest on notes and convertible notes payable			10,711				10,278
Accretion on convertible notes payable			52,376				1,200
Increase (decrease) in operating assets and liabilities
Prepaid expense			(70,895	)			(28,762	)
Accounts payable			800				(4,150	)
Accrued liabilities			(6,400	)			(6,099	)
Net Cash used in Operating Activities			(86,731	)			(48,245	)
Cash Flows from Financing Activities
Proceeds from convertible notes issued			85,000				50,000
Net Cash provided by Financing Activities			85,000				50,000
Increase (Decrease) in Cash			(1,731	)			1,755
Cash at Beginning of Year			2,223				714
Cash at End of Year		$	492			$	2,469
Supplemental cash flow information
Interest paid		$	-			$	-
Taxes paid		$	-			$	-

 

The accompanying notes are an integral part of the financial statements.

 

 

GLOBE NET WIRELESS CORP.

NOTES TO THE INTERIM CONDENSED FINANCIAL STATEMENTS

May 31, 2021

 

1.	Organization and nature of operations
	Globe Net Wireless Corp. (“the Company”) was incorporated in the State of Nevada, USA on September 4, 2009. The Company is in its early development stage since its formation and has realized limited revenues from its planned operations. The Company has been engaged in the development of a telecommunication business to provide internet and related services to both consumers and businesses currently in under serviced or unserviced areas at real broadband speeds through the proprietary wireless technology it acquired. The Company has also engaged in the development of the TextPro Connect app and the BizPro app. These are utility services apps specifically designed for the mobile business market. Subsequent to the year-end, management decided to expand the Company’s focus and identify and assess new projects for acquisition purposes that are more global in nature and technology-based.
	The Company has chosen an August 31 year-end.
2.	Basis of presentation - Going concern uncertainties
	These financial statements have been prepared in conformity with generally accepted accounting principles in the United States, which contemplate continuation of the Company as a going concern. However, the Company has limited operations and has sustained operating losses resulting in a deficit.
	The Company has accumulated a deficit of $402,009 since inception September 4, 2009, has yet to achieve profitable operations and further losses are anticipated in the development of its business. The Company’s ability to continue as a going concern is in substantial doubt and is dependent upon obtaining additional financing and/or achieving a sustainable profitable level of operations. The financial statements do not include any adjustments that might result from the outcome of this uncertainty. The Company may seek additional equity as necessary and it expects to raise funds through private or public equity investment in order to support existing operations and expand the range of its business. There is no assurance that such additional funds will be available for the Company on acceptable terms, if at all.
3.	Interim reporting and significant accounting policies
	The interim condensed financial statements are prepared under the accrual basis of accounting in accordance with accounting principles generally accepted in the United States of America. While the information presented is unaudited, it includes all adjustments, which are, in the opinion of management, necessary to present fairly the financial position, results of operation and cash flows for the interim periods presented in accordance with accounting principles generally accepted in the United States of America. All adjustments are of a normal recurring nature. It is suggested that the interim condensed financial statements be read in conjunction with the Company’s August 31, 2020 annual financial statements. Operating results for the nine months period ended May 31, 2021 are not necessarily indicative of the results that can be expected for the year ended August 31, 2021.   There have been no changes in the accounting policies from those disclosed in the notes to the audited financial statements for the year ended August 31, 2020.

 

 

Recently issued accounting pronouncements

The Company adopts new pronouncements relating to generally accepted accounting principles applicable to the Company as they are issued, which may be in advance of their effective date. Management does not believe that any pronouncement not yet effective but recently issued would, if adopted, have a material effect on the accompanying financial statements.

 

4.	Notes and interest payable
	There are four notes payable that are unsecured, bear interest at 8% per annum and are due on demand. Interest has not been paid on these loans. The principal and interest owing as of May 31, 2021 and as of August 31, 2020 are as follows:

 

		May 31, 2021								August 31, 2020
Date of Issue		Principal				Interest				Principal				Interest
September 16, 2011		$	5,000			$	3,885			$	5,000			$	3,586
October 4, 2011			5,000				3,865				5,000				3,566
November 4, 2011			10,000				7,662				10,000				7,064
December 3, 2012			10,000				6,797				10,000				6,198
		$	30,000			$	22,209			$	30,000			$	20,414

 

5.	Convertible notes and interest payable
	All convertible notes payable are unsecured and due on demand. Except as noted below, no amount was allocated to the conversion feature as, at the time of issue, there was no beneficial conversion feature or the note could not readily be converted into cash. A summary of convertible notes and interest outstanding is as follows:

 

Face Value				Conversion Rate				Interest rate				Accrued Interest				Carrying Value				May 31 2021 Total				Aug 31 2020 Total
$	20,000			$	0.100				10	%		$	8,247			$	20,000			$	28,247			$	26,751
$	20,000			$	0.5625				8	%			7,825				20,000				27,825				26,627
$	20,000			$	0.5625				8	%			7,334				7,332				14,666				12,270	(a)
$	3,500			$	0.035				8	%			527				3,500				4,027				3,817
$	25,000			$	0.020				8	%			6,314				25,000				31,314				29,819
$	25,000			$	0.024				8	%			3,030				25,000				28,030				26,534
$	30,500			$	0.005				8	%			15,661				30,500				46,161				44,336
$	25,000			$	0.020				-				-				25,000				25,000				25,000
$	47,500			$	0.017				-				-				47,500				47,500				17,500
$	55,000			$	0.017				-				-				55,000				55,000				-	(b)
$	271,500											$	48,938			$	258,832			$	307,770			$	212,654

 

(a)

This note for $20,000 was issued on October 31, 2016 when the market price per share was $1.48. The conversion feature was valued at $20,000. $1,600 was accreted and charged to interest during the year ended August 31, 2020 ($1,600 for the year ended August 31, 2019). At May 31, 2021, the unamortized discount was $12,668 (August 31, 2020 - $13,867).

 

 

		May 31, 2021								August 31, 2020
		Principal				Interest				Principal				Interest
Proceeds on issue		$	20,000				-			$	20,000				-
Value assigned to conversion feature			20,000				-				20,000				-
Value of convertible note payable at issuance			-				-				-				-
Accretion charges		$	7,332				-			$	6,133				-
Interest			-			$	7,334				-			$	6,137
Balance, convertible note payable, end of period		$	7,332			$	7,334			$	6,133			$	6,137

 

b)

Based on the intrinsic value of the beneficial conversion feature, as per FASB topic ASC 470-20 Debt with Conversion and other Options, it was determined that a portion or the whole value of the following notes issued should be allocated to equity and amortized to interest. These debts are all due on demand and bear no interest. These notes are convertible into common stock at the discretion of the Holder at $0.017 per share.

 

Loan				Date of		Amortized
Amount				Loan		as interest
$	10,000			Jan 20 2021		$	6,176
$	15,000			Mar 12 2021		$	15,000
$	5,000			Apr 14 2021		$	5,000
$	25,000			May 13 2021		$	25,000
$	55,000					$	51,176

 

6.	Common stock
	There were no changes to the number of common shares issued and outstanding as at May 31, 2021 and as of the year ended August 31, 2020.
	There were no warrants or stock options outstanding as of May 31, 2021 and as of August 31, 2020.

 

 

FORWARD LOOKING STATEMENTS

 

Statements made in this Form 10-Q that are not historical or current facts are “forward-looking statements” made pursuant to the safe harbor provisions of Section 27A of the Securities Act of 1933 (the “Act”) and Section 21E of the Securities Exchange Act of 1934. These statements often can be identified by the use of terms such as “may,” “will,” “expect,” “believe,” “anticipate,” “estimate,” “approximate” or “continue,” or the negative thereof. We intend that such forward-looking statements be subject to the safe harbors for such statements. We wish to caution readers not to place undue reliance on any such forward-looking statements, which speak only as of the date made. Any forward-looking statements represent management’s best judgment as to what may occur in the future. However, forward-looking statements are subject to risks, uncertainties and important factors beyond our control that could cause actual results and events to differ materially from historical results of operations and events and those presently anticipated or projected. We disclaim any obligation subsequently to revise any forward-looking statements to reflect events or circumstances after the date of such statement or to reflect the occurrence of anticipated or unanticipated events.

 

ITEM 2. MANAGEMENT’S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATION

 

GENERAL

 

Globe Net Wireless Corp. was incorporated under the laws of the State of Nevada, U.S. on September 4, 2009. Our registration statement on Form S-1 was filed with the Securities and Exchange Commission was declared effective on May 15, 2013.

 

On December 9, 2016, Globe Net issued a press release announcing that it had launched BizPro Mobile Apps, a suite of mobile app development services for the small to medium sized business mobile app market. For more information, please refer to Exhibit 99.1 filed of the form 8-K filed on December 13, 2016 for more details.

 

We intend to seek, investigate and, if such investigation warrants, acquire an interest in business opportunities presented to us by persons or firms which desire to seek the advantages of an issuer who has complied with the Securities Act of 1934 (the “1934 Act”). We will not restrict our search to any specific business, industry or geographical location, and we may participate in business ventures of virtually any nature. This discussion of our proposed business is purposefully general and is not meant to be restrictive of our unlimited discretion to search for and enter into potential business opportunities. We anticipate that we may be able to participate in only one potential business venture because of our lack of financial resources.

 

 

RESULTS OF OPERATIONS

 

Our financial statements have been prepared assuming that we will continue as a going concern and, accordingly, do not include adjustments relating to the recoverability and realization of assets and classification of liabilities that might be necessary should we be unable to continue in operation. We expect we will require additional capital to meet our long term operating requirements. We expect to raise additional capital through, among other things, the sale of equity or debt securities.

 

Nine-month Period Ended May 31, 2021 Compared to the Nine-month Period Ended May 31, 2020.

 

Our net loss for the nine-month period ended May 31, 2021 was $73,323 (2020: $21,619), which consisted of general and administration expenses and interest on notes payable. We did not generate any revenue during either nine-month period in fiscal 2021 or 2020. The increase in expenses in the current fiscal year relate to an increase in amortized interest expenses.

 

The weighted average number of shares outstanding was 10,800,000 for the nine-month period ended May 31, 2021 and 10,800,000 for the nine-month period ended May 31, 2020.

 

LIQUIDITY AND CAPITAL RESOURCES

 

As at May 31, 2021, our current assets were $115,602 compared to $46,438 in current assets at August 31, 2020. As at May 31, 2021, our current liabilities were $363,529 compared to $272,218 at August 31, 2020. Current liabilities at May 31, 2021 were comprised of $307,770 in convertible notes and interest payable, $52,209 in notes and accrued interest payable and $3,550 in accounts payable and accrued liabilities.

 

Stockholders’ deficit increased from $225,780 as of August 31, 2020 to $247,927 as of May 31, 2021.

 

Cash Flows from Operating Activities

 

We have not generated positive cash flows from operating activities. For the nine-month period ended May 31, 2021, net cash flows used in operating activities were $86,731 consisting of a net loss of $73,323, $10,711 interest on notes and convertible notes payable and $52,376 on debt accretion. Adjustments for changes in operating assets and liabilities were due to an increase in prepaid expenses of $70,895, an increase in accounts payable of $800 and a decrease in accrued liabilities of $6,400. For the nine-month period ended May 31, 2020, net cash flows used in operating activities were $48,245.

 

Cash Flows from Financing Activities

 

We have financed our operations primarily from either the issuance of our shares of common stock or notes payable. For the nine-month period ended May 31, 2021, we generated $85,000 cash from financing activities from the issuance of convertible promissory notes. We generated $50,000 cash in the comparative period in fiscal 2020.

 

PLAN OF OPERATION AND FUNDING

 

We expect that working capital requirements will continue to be funded through a combination of our existing funds and further issuances of securities. Our working capital requirements are expected to increase in line with the growth of our business.

 

 

Existing working capital, further advances and debt instruments, and anticipated cash flow are expected to be adequate to fund our operations over the next three months. We have no lines of credit or other bank financing arrangements. Generally, we have financed operations to date through the proceeds of the private placement of equity and debt instruments. In connection with our business plan, management anticipates additional increases in operating expenses and capital expenditures relating to: (i) acquisition of inventory; (ii) developmental expenses associated with a start-up business; and (iii) marketing expenses. We intend to finance these expenses with further issuances of securities and director loans. Thereafter, we expect we will need to raise additional capital and generate revenues to meet long-term operating requirements. Additional issuances of equity or convertible debt securities will result in dilution to our current shareholders. Further, such securities might have rights, preferences or privileges senior to our common stock. Additional financing may not be available upon acceptable terms, or at all. If adequate funds are not available or are not available on acceptable terms, we may not be able to take advantage of prospective new business endeavors or opportunities, which could significantly and materially restrict our business operations. We will have to raise additional funds in the next twelve months in order to sustain and expand our operations. We currently do not have a specific plan of how we will obtain such funding; however, we anticipate that additional funding will be in the form of equity financing from the sale of our common stock. We have and will continue to seek to obtain short-term loans from our directors, although no future arrangement for additional loans has been made. We do not have any agreements with our directors concerning these loans. We do not have any arrangements in place for any future equity financing.

 

OFF-BALANCE SHEET ARRANGEMENTS

 

As of the date of this report, we do not have any off-balance sheet arrangements that have or are reasonably likely to have a current or future effect on our financial condition, changes in financial condition, revenues or expenses, results of operations, liquidity, capital expenditures or capital resources that are material to investors.

 

GOING CONCERN

 

The independent auditors’ report accompanying our August 31, 2020 financial statements contained an explanatory paragraph expressing substantial doubt about our ability to continue as a going concern. The financial statements have been prepared “assuming that we will continue as a going concern,” which contemplates that we will realize our assets and satisfy our liabilities and commitments in the ordinary course of business.

 

CHANGE IN ACCOUNTING POLICY

 

The Company adopts new pronouncements relating to generally accepted accounting principles applicable to the Company as they are issued, which may be in advance of their effective date.

 

 

ITEM 3. QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK.

 

No report required.

 

ITEM 4. CONTROLS AND PROCEDURES

 

Our management is responsible for establishing and maintaining a system of disclosure controls and procedures (as defined in Rule 13a-15(e) and 15d-15(e) under the Exchange Act) that is designed to ensure that information required to be disclosed by us in the reports that we file or submit under the Exchange Act is recorded, processed, summarized and reported, within the time periods specified in the Commission’s rules and forms. Disclosure controls and procedures include, without limitation, controls and procedures designed to ensure that information required to be disclosed by an issuer in the reports that it files or submits under the Exchange Act is accumulated and communicated to the issuer’s management, including its principal executive officer or officers and principal financial officer or officers, or persons performing similar functions, as appropriate to allow timely decisions regarding required disclosure.

 

An evaluation was conducted under the supervision and with the participation of our management of the effectiveness of the design and operation of our disclosure controls and procedures as of May 31, 2021. Based on that evaluation, our management concluded that our disclosure controls and procedures were effective as of such date to ensure that information required to be disclosed in the reports that we file or submit under the Exchange Act, is recorded, processed, summarized and reported within the time periods specified in SEC rules and forms. Such officer also confirmed that there was no change in our internal control over financial reporting during the nine-month period ended May 31, 2021 that has materially affected, or is reasonably likely to materially affect, our internal control over financial reporting.

 

 

PART II. OTHER INFORMATION

 

ITEM 1. LEGAL PROCEEDINGS

 

Management is not aware of any legal proceedings contemplated by any governmental authority or any other party involving us or our properties. As of the date of this Quarterly Report, no director, officer or affiliate is (i) a party adverse to us in any legal proceeding, or (ii) has an adverse interest to us in any legal proceedings. Management is not aware of any other legal proceedings pending or that have been threatened against us or our properties.

 

ITEM 2. UNREGISTERED SALES OF EQUITY SECURITIES AND USE OF PROCEEDS

 

None.

 

ITEM 3. DEFAULTS UPON SENIOR SECURITIES

 

None.

 

ITEM 4. MINE SAFETY DISCLOSURES

 

Not applicable.

 

ITEM 5. OTHER INFORMATION

 

None.

 

 

ITEM 6. EXHIBITS

 

Exhibits:
31.1		Certification of Chief Executive Officer and Chief Financial Officer pursuant to Section 302(a) of the Sarbanes-Oxley Act
32.1		Certification of Chief Executive Officer and Chief Financial Officer Under Section 1350 as Adopted Pursuant to Section 906 of the Sarbanes-Oxley Act.
101		Interactive data files pursuant to Rule 405 of Regulation S-T.

 

 

SIGNATURES

 

In accordance with the requirements of the Exchange Act, the registrant caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

 

	GLOBE NET WIRELESS CORP.
Dated: July 13, 2021	By:	/s/ Kirk Reed
		Kirk Reed, President and Chief Executive Officer and Chief Financial Officer