Bravatek Solutions, Inc. (OTCMKTS:BVTK) Files An 8-K Entry into a Material Definitive AgreementItem 1.01 Entry into Material Definitive Agreement.
As previously disclosed in the Current Report on Form 8-K filed on May 14, 2018, by Bravatek Solutions, Inc., a Colorado corporation (the “Company”), on May 8, 2018, the Company entered into an Equity Purchase Agreement (the “Equity Purchase Agreement”) with Triton Funds, LP, a Delaware limited partnership (the “Investor”), to which the Company had the right to require the Investor to purchase up to $500,000 (the “Commitment Amount”) of the Company’s common stock during a commitment period terminating on December 31, 2018 (the “Termination Date”) (or earlier termination to the terms of the Equity Purchase Agreement). The obligation of the Investor to purchase shares was subject to several conditions, including that the Company file a registration statement with the United States Securities and Exchange Commission within 60 days from the date of the Equity Purchase Agreement (the “Registration Statement Filing Deadline”).
On August 31, 2018, the Company and the Investor entered into an amendment to the Equity Purchase Agreement to which the Commitment Amount was increased to $1,000,000, the Termination Date was extended to June 30, 2019, and the Registration Statement Filing Deadline was extended from 60 days to 130 days from the date of the Equity Purchase Agreement.
The foregoing description of the amendment to the Equity Purchase Agreement is qualified in its entirety by the full text of the amendment, which is filed as Exhibit 10.1 to, and incorporated by reference in, this report.
Item 9.01 Financial Statements and Exhibits.
The exhibits listed in the following Exhibit Index are filed as part of this Current Report on Form 8-K.
Bravatek Solutions, Inc. ExhibitEX-10.1 2 bvtk_ex101.htm AMENDMENT NO. 1 TO EQUITY PURCHASE AGREEMENT bvtk_ex101.htmEXHIBIT 10.1 AMENDMENT NO. 1 TO EQUITY PURCHASE AGREEMENT This AMENDMENT NO. 1 (this “Amendment”) to that certain Equity Purchase Agreement dated May 7,…To view the full exhibit click
About Bravatek Solutions, Inc. (OTCMKTS:BVTK)
Bravatek Solutions, Inc., formerly Ecrypt Technologies, Inc., provides security, defense and information security solutions, which assist corporate entities, governments and individuals in protecting their organizations and/or critical infrastructures against error, and physical and cyber-attack. The Company is engaged in marketing and distribution of allied security, defense and information security software, hardware and services, and telecom services. The Company’s products include software, hardware and services, and span a range of industries, including e-mail security, user authentication, robotics, telecommunications and cyber breach protection. The Company’s primary business operations are focused on expanding its marketing program of allied products and services. Additionally, the Company has developed and plans to sell an enterprise-level secure e-mail software appliance named Ecrypt One. Ecrypt One is an e-mail server with integrated security technology.