Item 8.01 Other Events
This Form 8-K is being filed voluntarily by the Issuer to provide corporate
updates regarding several events that have occurred during the normal course of
business.
In August of 2022, the Company, through its wholly owned subsidiary, WB Burgers
Japan Co., Ltd., entered into and consummated a rental agreement with "Kitchen
Depot" for a ghost kitchen in the Tamachi neighborhood of Minato, Tokyo, Japan.
Kitchen Depot is an unrelated third party, and the rental agreement is for a
period of two years, with the option to renew at the conclusion. From this
location, as of August 27, 2022, the Company has begun to offer delivery of
Wayback Burgers menu items, such as those offered at the Company's physical
"dine in" restaurant location in the Omotesando shopping plaza, located in
Tokyo, Japan. At this time, orders can be placed exclusively through UberEats,
although we have plans to expand the range of our delivery options in the
future. Additionally, delivery is only available within a 2-3 kilometer radius
of our Tamachi location. The Company believes that its new Wayback Burgers
delivery-only location, with convenient online ordering, will serve to not only
attract additional customers, but will also expand awareness of our menu items
and Wayback Burgers as a whole.
The Company has also begun to develop its own mobile application for food
delivery services. This application is in its early stages of development, is
not yet fully functional, and cannot, at this time, be discussed in greater
detail as developments are ongoing.
As mentioned previously, the Company is currently relying exclusively on Uber
Eats for ordering and delivering as it relates to its new location in Tamachi.
The address of the Tamachi location is 5-23-16 Shiba, Minato-ku, Tokyo 2F depo3,
Japan.
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