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DEPOSIT FOR LICENSE
12 Months Ended
Jul. 31, 2025
DEPOSIT FOR LICENSE  
DEPOSIT FOR LICENSE

NOTE 5 – DEPOSIT FOR LICENSE

 

On May 9, 2025, the Company entered into a binding Letter of Intent “LOI” with an entity” Target” for acquisition license of Target’s innovation systems for use along pursuing strategic partnership and merger of the Company and Target. The Company will have a license to Target’s system technology for carbon conversion to fullerenes and nanotubes. The consideration price are (i) license fee is one - time up-from payment of minimum $3M and up to $5M as mutually agreed, (ii) ongoing license fee of 25% of the net income generated by Target and (iii) grant of 27,000,000 shares of restricted common stock of the Company. The two company’s goal is to complete the transaction by August 31,2025. During the year ended July 31,2025, the Company has made deposits of $639,645 in connection with the agreement. As of July 31,2025, the Agreement was not completed.