WARPSPEED TAXI INC. : Entry into a Material Definitive Agreement, Termination of a Material Definitive Agreement, Financial Statements and Exhibits (form 8-K)

Item 1.01 Entry into a Material Definitive Agreement.

On September 6, 2022, we entered into a debt settlement agreement with Global Corporate Structural Services Inc. ("GCSS"), a private company that has provided us with marketing, beta testing, cloning, and maintenance services in connection with the WarpSpeed Taxi computer application. Pursuant to the debt settlement agreement, we acknowledged that we owed $135,430.95 to GCSS for its services as of July 31, 2022.

On September 15, 2022, we entered into a final settlement agreement with GCSS whereby we have agreed to transfer our 100% interest in the WarpSpeed Taxi application to GCSS in full and final satisfaction of the debt owed to GCSS and any other claims that GCSS has against us. However, we will retain a license for the sole and exclusive use of the WarpSpeed Taxi application in the United States.

Item 1.02 Termination of a Material Definitive Agreement.

On March 15, 2022, we entered into an agreement with a United States-based joint venture partner whereby we collectively agreed to form a U.S. corporation (the "Corporation") for the purpose of operating a ride-hailing and delivery business using our WarpSpeed Taxi computer application (the "Application").

On September 16, 2022, we received notice from the joint venture partner that it has terminated the joint venture agreement with us.

Item 9.01 Financial Statements and Exhibits

Exhibit No.   Description
10.1            Settlement Agreement dated September 15, 2022 between WarpSpeed Taxi
              Inc. and Global Corporate Structural Services Inc.




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