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ULIX • CIK 0001842138
Development of Business We were incorporated on November 18, 2020 under the laws of the State of Wyoming. The Company has completed the Beta Testing for the ride-hailing and food delivery computer and mobile device application known as “WarpSpeed Taxi”. The Company’s fiscal year-end is July 31. The Company entered into an asset purchase agreement to acquire the WarpSpeed Taxi computer and mobile device application in its current state of development for cash payments totaling $50,000 plus the issuance of a promissory note for $250,000 that is payable on demand any time after December 31, 2023. The note bears simple interest at a rate of 5% per annum and is unsecured. The Company may pay this note early without penalty. The Company must pay the vendor an additional $40,000 upon the vendor’s delivery of a working prototype of the application. On September 6, 2022, the Company entered into a settlement agreement with a private company that provided it with marketing, beta testing, cloning, and maintenance services in connection with the WarpSpeed Taxi computer application. Pursuant to the settlement agreement, the Company agreed to transfer out its interest in the WarpSpeed Taxi application to the private company in full and final satisfaction of the $135,431 owing to the private company. However, the Company will retain a license for the sole and exclusive use of the WarpSpeed Taxi application in the United States. The ride-hailing and food delivery computer and mobile device application known as “WarpSpeedTaxi”. A ride-hailing service, also known as app-taxi, e-taxi, or a mobility service provider, is a service that, via websites and mobile apps, matches passengers with drivers of vehicles for hire that are not licensed taxi drivers. The computer application that we are developing is intended to provide travelers with convenient door-to-door transport that leverages smart mobility platforms to connect drivers with passengers and lets drivers use their personal vehicles. Ride-hailing, like a traditional taxi service, facilitates drivers providing rides to customers for a fee. However, ride-hailing offers additional capabilities, such as efficient pricing tools, matching platforms, rating systems, and food delivery. We originally entered into an agreement dated December 20, 2020 to acquire the WarpSpeed Taxi application in its current phase of development from Limitless Projects Inc. (“Limitless”), a Wyoming corporation for total consideration of $300,000 payable in stages. However, on January 19, 2022, we entered into an agreement whereby we terminated our asset purchase and sale agreement given our inability to make a required payments pursuant to that agreement WarpSpeed Taxi has exclusive license for USA. Pursuant to the terms of the termination agreement, Limitless reimbursed us the $10,000 cash payment that we made to Limitless upon the execution of the original agreement. Additionally, our directors at that time, who are also the directors of our parent company, Cyber Apps World, Inc. (“Cyber Apps”), resigned and appointed Daniel Okelo, the president of Limitless, in their place. Cyber Apps has also transferred the 115,000,000 shares of common stock in our capital that it owns to Limitless for consideration of $14,100. As a result of the termination agreement, we own the WarpSpeed Taxi application and Limitless is now our largest shareholder. We are currently in the beta testing phase of the WarpSpeed Taxi application. 1 We anticipate that our WarpSpeedTaxi application will allow customers to hire a standard and luxury motor vehicles via a smartphone or personal computer for both one-way and round-trips with the price based on the distance travelled and the current level of demand for vehicles. In addition to transporting passengers, the application may also be used for deliveries of goods from restaurants, grocery stores, and other businesses that typically utilize local vehicle courier services. Customers will use the application to request a ride or the delivery of goods. Drivers that we recruit and approve, through confirmation of no criminal record, a clean driving history, and access to a suitable insured vehicle, will act as independent contractors and set their own work hours. They will connect with customers via our application, pick up customers or goods to be delivered in accordance with the customer’s request, and then drive the customers or goods to their destination.…