BREKFORD CORPORATION (OTCBB:BFDI) Files An 8-K Entry into a Material Definitive Agreement
Item 1.01 Entry into a Material Definitive Agreement
KeyStone Solutions, Inc. (KeyStone), Novume Solutions, Inc.,
KeyStone Merger Sub, Inc., and Brekford Merger Sub, Inc., entered
into a First Amendment (the Amendment) to that certain Agreement
and Plan of Merger previously entered into by such parties on
February 10, 2017 (the Merger Agreement). The execution of the
Merger Agreement was previously disclosed on Amendment No. 1 the
Current Report on a Form 8-K filed with the Securities and
Exchange Commission on February 14, 2017. The original terms of
the Merger Agreement authorized each of the Company and KeyStone
to terminate the Merger Agreement if closing of the transactions
contemplated under the Merger Agreement did not occur by June 1,
2017 (the Termination Date). The Amendment extends the
Termination Date until July 31, 2017.
above, is not complete, and is qualified in its entirety by
reference to the full text of the Amendment, a copy of which is
attached as an exhibit to this Current Report on Form 8-K.Readers
should review the Amendment for a complete understanding of the
terms and conditions associated with this transaction.
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Exhibit No.
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Description of Exhibit
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10.1
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First Amendment to Agreement and Plan of Merger, dated
May 9, 2017 |
About BREKFORD CORPORATION (OTCBB:BFDI)
Brekford Corp. is a public safety technology service provider of integrated traffic safety solutions, parking enforcement citation management and mobile technology equipment for public safety vehicle services to state and local municipalities, the United States Military and various federal public safety agencies throughout the United States and Mexico. The Company operates through the Traffic Safety Solutions segment. The Company’s products and services include Automated Traffic Safety Enforcement (ATSE), Electronic Ticketing System, Rugged Information Technology Solutions and 360 Vehicle Solution. ATSE systems are a range of measures that reduce vehicle speeds and crashes. It develops integrated and interoperable mobile systems that enable first responders, such as police, fire and emergency medical service (EMS), to obtain and exchange information in real time. Its 360-degree vehicle solution provides vehicle upfitting, mobile data and video solutions. BREKFORD CORPORATION (OTCBB:BFDI) Recent Trading Information
BREKFORD CORPORATION (OTCBB:BFDI) closed its last trading session 00.000 at 0.110 with 250 shares trading hands.