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Tuesday, 12/26/2023 9:18:50 AM

Tuesday, December 26, 2023 9:18:50 AM

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Himalaya Technologies, Inc. is referred to herein as “Himalaya”, “we”, “us”, or “the Company”.



Item 8.01 Other Events.



On December 20, 2023, our CEO Vikram Grover was notified that he won a default judgment of $57,903,750.00 not including sought treble damages and legal fees for Case No.: 1:21-cv-05054 in the United States District Court for the Northern District of Illinois Eastern Division. The initial complaint, filed on or around September 3, 2021, is Vikram Grover v. Net Savings Link, Inc., Wilton Group, Limited, Wilton UK (Group), LTD, Wilton Group, Limited, China Food and Beverage Co., and James Tilton.



Mr. Grover, who is our control shareholder, has agreed to enforce the judgment and seek control of the defendants’ public companies Net Savings Link, Inc. and China Food and Beverage Co. (OTC: NSAV & OTC: CHIF) and obtain their crypto businesses, fintech investments and beverage operations, and combine them with our corporation.



Summary of Investments and Assets of Net Savings Link, Inc. as per OTC Markets:



https://www.otcmarkets.com/otcapi/company/financial-report/388998/content



On February 28, 2021, NSAV entered into a definitive share purchase agreement with Virtuabroker Ltd., a company incorporated under the laws of England, to acquire 10% of the shares of Virtuabroker Ltd., in exchange for a cash payment of sixty thousand and sixty U.S. Dollars ($60,060.00).



On March 6, 2021, NSAV entered into a definitive agreement with an affiliated party, TG Private Equity Inc., to acquire a 25% stake in SBCDF Investment, Inc. The purchase price for the acquisition was 500 million restricted Series Preferred B shares. NSAV retains an option to purchase an additional 25% under the same terms. On April 9, 2021, NSAV notified TG Private Equity Inc. that it would exercise said option.



On April 6, 2021, NSAV entered into a definitive share purchase agreement with Eminaich LLC., a Wyoming limited liability company, to acquire a 20% stake in a startup ridesharing platform, Rydehails LLC, a Wyoming limited liability company. The purchase price for the acquisition was 31,928,481 restricted Series B Preferred Shares. NSAV retains an option to purchase an additional 10% stake in Rydehails LLC for two million U.S. Dollars ($2,000,000.00).



On August 5, 2021, NSAV entered into a definitive agreement with an affiliated party, TG Private Equity Inc., to acquire a 40% stake in Super Chain Capital Ltd., a company incorporated under the laws of Hong Kong. Super Chain Capital Ltd. owns and operates the premium OTC cryptocurrency trading desk, www.HKOTC.co , which is also based in Hong Kong. The purchase price for the acquisition was thirty thousand U.S. Dollars ($30,000.00) in cash and eight million U.S. Dollars ($8,000,000.00) of restricted Series B Preferred Shares.



On October 21, 2021, NSAV entered into a Letter of Intent (“LOI”) to acquire a 51% stake in Bwang Group Limited, a company incorporated under the laws of Hong Kong. Bwang Group Limited owns and operates leading cryptocurrency exchange BW.com, www.BW.com. Due to a confidentiality agreement, additional terms were not disclosed.



On December 31, 2021, NSAV entered into a definitive agreement with an affiliated party, TG Private Equity Inc., to acquire a 5% stake in Singapore based Technicorum Holdings www.technicorum.com , with an option for an additional stake. Technicorum is a global investment and compliance company. According to Technicorum as cited on NSAV’s OTC Markets filings (above), their post-money valuation is $120 million. Technicorum is a consortium specializing in digital assets, with expertise in ICO’s, IEO’s and IDO’s, and over the past year, into DeFi and NFT’s, as well as recently, GameFi, SocialFi, and the Metaverse.



On January 17, 2022, NSAV entered into a definitive agreement with an affiliated party, TG Private Equity Inc., to acquire a 50% stake in Vagabond Technology Solutions, LLC. NSAV and Vagabond will together further develop and Market Vagabond’s already rapidly growing blockchain protocol https://vagabondapp.io/. The purchase price for the acquisition was one million U.S. Dollars ($1,000,000.00) of restricted Series B Preferred Shares.







On January 27, 2022, NSAV entered into a definitive agreement with an affiliated party, TG Private Equity Inc., to acquire a 10% stake in Metaverse Network LLC. (MNC) https://metaversenetwork.llc/ . MNC’s main asset is its ownership of leading cryptocurrency exchange, BQEX Ltd. https://bqex.ltd/ BQEX Exchange has over 4 million registered users. The purchase price for the acquisition was one hundred thousand U.S. Dollars ($100,000.00) in cash, twenty-five million U.S. Dollars ($25,000,000.00) of restricted Series B Preferred Shares and two hundred thousand U.S. Dollars ($200,000.00) of unrestricted common stock.



MNC’s additional holdings include 1) VAEX, a Centralized Cryptocurrency Exchange (CEX) regulated in Dubai. https://vaex.tech/en_US/. VAEX is one of the few Centralized Crypto Exchanges that connects Centralized with Decentralized Wallets. 2) Hive Codes Incorporation https://hive.codes/, the world’s first blockchain home mining device able to mine multiple tokens. 3) Jinbao NFT, based on Jackie Chan’s, “The Little Big Soldier” https://jinbaonft.com/. 4) The Awallet WEB3 Wallet platform, which has the capability to allow blockchain users to manage more than 100 different cryptocurrencies from their mobile device securely and efficiently.



On February 25, 2022, NSAV entered into a definitive agreement with an affiliated party, TG Private Equity Inc., to acquire a 50% stake in crypto mining company, HIVE Strategy LLC. The purchase price for the acquisition was forty thousand U.S. Dollars ($40,000.00) in cash and Five million U.S. Dollars ($5,000,000.00) of restricted Series B Preferred Shares.



On October 14, 2022, NSAV entered into an Agreement with Active World Holdings, Inc. (“AWH”) to issue preferred shares in exchange for 100% interest in AWC Exchange Inc., thereby owning 100% of www.awcexchange.com. In addition to the preferred shares, the Company agreed to pay AWH two hundred and fifty thousand U.S. Dollars ($250,000.00) and a consulting agreement for fifty thousand U.S. Dollars ($50,000.00) per month.



On December 20, 2022, NSAV completed the acquisition of the Centralized Cryptocurrency Incubator Exchange, www.awcexchange.com, from AWH for two million five hundred thousand U.S. Dollars ($2,500,000.00) payable over a one-year period.



On March 3, 2023, NSAV and AWH amended the 21 December 2022 Acquisition Agreement. NSAV and AWH will form a joint venture to develop and operate the AWC exchange. NSAV will invest two hundred and fifty thousand U.S. Dollars ($250,000) into the joint venture, in the form of a promissory note and the December 2022 promissory notes in the amount of two million five hundred thousand U.S. Dollars ($2,500,000.00) were cancelled.



On July 21, 2023, NSAV entered into a definitive share purchase agreement with Valiant Eagle, Inc., to acquire 40% of the shares of the state-of-the-art NFT Marketplace, FUNGY, for five hundred thousand U.S. Dollars, ($500,000.00), payable in the form of a one year promissory note, bearing an interest rate of 8% per annum.



Summary of Investments and Assets of China Food and Beverage Co. as per OTC Markets:



https://www.otcmarkets.com/otcapi/company/financial-report/388717/content



On May 16, 2021, CHIF signed a Letter of Intent (LOI) to acquire 80% of the shares of Moshn Life Tech Incorporated, a Canada corporation. Moshn Life Tech is an on-demand streaming fitness platform. The proposed purchase price is 8 million shares of the Company’s common stock, plus $50,000.00 in cash. The delay in the signing of the Definitive Acquisition Agreement and closing of the transaction was due to a substantial tax liability that the sellers of Moshn would incur in Canada by virtue of accepting shares in a U.S. public company. CHIF has been informed that the Canadian tax matter has been resolved successfully, therefore allowing the transaction to proceed.



On November 30, 2023, CHIF entered into an Agreement with Active World Holdings, Inc. (“AWH”) to acquire all of the rights, title and interest in Mad Hat Revive beverages. CHIF agreed to pay AWH one million U.S. dollars ($1,000,000.00) as consideration, which includes a five hundred thousand U.S. dollar ($500,000.00) one year secured promissory note, bearing an interest rate of 8% per annum.



NSAV and CHIF Assets To Be Identified and Independently Valued:



As part of the assignment and collection of these businesses, investments, and assets that currently have a market valuation of approximately $15 million with a previous peak market capitalization of several hundred million dollars, we intend to retain an independent valuation firm for audit purposes. Under U.S. GAAP, minority investments will be carried at allocated purchase price and held for investment purposes or held for sale depending on our analysis. We are currently in discussions for a go forward path for operations and financing of the NSAV cryptocurrency exchange @ https://www.nsavxtoken.com/. A senior representative of AWH and the NSAVx crypto exchange has contacted Mr. Grover since the release of the Court’s decision.



A copy of Mr. Grover’s original complaint and default judgment are included herein as Exhibits 10.1 and 10.2 and the Memorandum of Understanding between Mr. Grover and us is included herein as Exhibit 10.3.



Item 9.01. Exhibits


(10) Exhibits. The following exhibits are filed with this Current Report on Form 8-K:


Exhibit No. Description
10.1 Vikram Grover v. Net Savings Link, Inc. et al. Initial Complaint – September 3, 2021
10.2 Vikram Grover v. Net Savings Link, Inc. et al. Default Judgment – December 5, 2023
10.3

Vikram Grover Himalaya Technologies, Inc. Memorandum of Understanding – December 25, 2023
104 Cover Page Interactive Data File (embedded within the Inline XBRL document)
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