NOTE 17 – SUBSEQUENT EVENTS
In accordance with ASC 855, “Subsequent
Events”, the Company has analyzed its operations subsequent to April 30, 2026, and has determined that the following material subsequent
events are required to be disclosed in these financial statements:
| · | On May 2, 2026, pursuant to the agreement entered into with Orbit on April 14, 2026, the Company issued
an additional $75,000 toward the $1 million investment obligation, thereby satisfying the initial $100,000 investment tranche into Orbit.
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| · | On July 16, 2026, the Company entered into an agreement to terminate
the agreement entered into with Orbit on April 14, 2026. Pursuant to this Settlement Agreement and General Release, the Company and Orbit
mutually agreed to terminate the SAFE Agreement and compromise, resolve, and settle, finally and forever, any claims and causes of action
that were or could have been asserted against one another in connection with the SAFE Agreement. Upon execution of this Settlement Agreement
and General Release, Orbit agreed to submit a one-time lump sum payment in the amount of $125,000.00 (the "Settlement Payment").
The Settlement Payment shall be inclusive of all claims for attorneys’ fees, expenses, and/or other costs of any kind or nature.
In full satisfaction of this agreement, Orbit, paid, and the Company received the full Settlement Payment on July 16, 2026. |
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