Material Agreement Form 8 K

Item 1.01 Entry into a Material Definitive Agreement

On September 17, 2024, Ankam Inc. (the "Company") entered into a Memorandum of Understanding (the "MOU") with Hatcher Opportunities Limited Partnership Fund (the "Lender"), a limited partner fund registered in Hong Kong. Under the terms of the MOU, the Company intends to issue a convertible note (the "Convertible Note") to the Lender in the principal amount of $500,000.

Key Terms of the Proposed Convertible Note:Principal Amount:

$500,000Conversion Price:

$8.00 per share of Ankam Inc.Expiration Date:

December 31, 2024Number of Shares upon Conversion:

65,000 shares

The proposed Convertible Note can only be exercised by the Lender on the maturity date. If the Lender exercises this conversion right, the principal amount of the Convertible Note shall be waived upon conversion into shares of Ankam Inc. at the conversion price of $8.00 per share.

Purpose of the Financing

The proceeds from the anticipated issuance of the Convertible Note will be used for working capital and business development purpose.

Conclusion

The Company believes that this financing arrangement will provide it with the necessary capital to achieve its strategic objectives and enhance shareholder value.

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