ANKM Ankam, Inc. - 8-K

Item 1.01 Entry into a Material Definitive
Agreement

On December 31, 2024 ANKM, Inc. (the "Company") entered into a non-binding Memorandum of Understanding (the "MOU") with a company based
in Taiwan (the "Counterparty"). The MOU outlines the intention of both parties to negotiate the terms of a potential production and sales
licensing arrangement related to certain supplemental products.

Key Terms of the MOU:

1. Scope of License: The MOU contemplates a potential agreement where the Counterparty would grant ANKM a non-exclusive license to manufacture
and sell specific products within designated territories.

2. Duration: The initial term discussed in the MOU is for a period of two years.

3. Royalties: The parties are discussing a potential royalty structure based on net sales revenue generated from the licensed products.

4. Quality Control: The MOU emphasizes the importance of adhering to quality standards established by the Counterparty.

5. Confidentiality: Both parties agree to maintain the confidentiality of any non-public information shared during the negotiation process.

The Company intends to continue discussions with the Counterparty and will update shareholders as necessary concerning any definitive
agreements that may be reached.

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