Himalaya Technologies Inc.

07/12/2024 | Press release | Distributed by Public on 07/12/2024 12:22

Material Event Form 8 K

Item 1.02 Termination of a Material Definitive Agreement.

On July 5, 2024, we terminated our engagement with Inov8 Agency, Inc. ("Inov8") for strategic development of our existing business initiatives including social networks, health energy drinks, and crypto tokens signed May 20, 2024 for cause. There were no breakup fees associated with the cancellation of the engagement and we did not issue any shares or cash compensation to Inov8. We are assessing our legal remedies against Inov8 for potential breach of contract and other with counsel.

On July 6, 2024, we terminated our strategic development agreement with Bigfootmarketing.ai LLC ("BFM") signed January 19, 2024 for cause. We have demanded return of 25,000 Series B Preferred shares issued and $3,250 cash paid to BFM for development of a health and beauty drink under the "FOMO" brand trademark pending, which was not completed by BFM, abandoned by their organization and our prior CEO Ryan Nguyen whom they referred to us for employment, and whose formula we developed was taken for an unauthorized rebranded product under the "EVEREST" trade name. We have requested documentation of these actions and matters from our former CEO and Director Ryan Nguyen but have not received a response. We are currently assessing our legal remedies against BFM for potential breach of contract and other with counsel.