Cipherloc Corporation (OTCMKTS:CLOK) Files An 8-K Entry into a Material Definitive Agreement
Item 1.01. Entry into a Material Definitive Agreement.
On August 8, 2019, Cipherloc Corporation (the “Company”) informed Ageos, LLC (“Ageos”) that it has terminated the Operating Agreement between the Company and Ageos dated April 18, 2019 for various material breaches, effective immediately.
Item 5.02. Departure of Directors or Principal Officers; Election of Directors; Appointment of Principal Officers
On August 22, 2019, the Board of Directors of the Company, to the Amended and Restated Bylaws, increased the size of the Board to 7 members and appointed Zeynep Young and David Chasteen as directors of the Company. Each of Ms. Young and Mr. Chasteen will receive a non-qualified stock option to purchase 50,000 shares of common stock of the Company.
There are no transactions involving the Company and any of Ms. Young and Mr. Chasteen that are required to be disclosed to Item 404(a) of Regulation S-K. The press release announcing the Board additions is attached to this Current Report on Form 8-K as Exhibit 99.1 and incorporated into this Item 5.02 by reference.
Item 5.03. Amendments to Articles of Incorporation or Bylaws: Change in Fiscal Year.
On August 22, 2019, the Board of Directors of the Company approved the Amended and Restated Bylaws of the Company. A copy of the Amended and Restated Bylaws of the Company is attached hereto as Exhibit 3.1 and is incorporated herein by reference.
Item 9.01. Financial Statements and Exhibits.
(d) Exhibits.
| 3.1 | Amended and Restated Bylaws of Cipherloc Corporation |
| 99.1 | Press Release dated August 22, 2019 |
| –– |
CIPHERLOC Corp Exhibit
EX-3.1 2 ex3-1.htm AMENDED AND RESTATED BYLAWS OF CIPHERLOC CORPORATION (A TEXAS CORPORATION) (Effective August 22,…
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About Cipherloc Corporation (OTCMKTS:CLOK)
Cipherloc Corporation is a technology and services based solutions company operating in the cloud-based cyber security industry. The Company offers an encryption technology with over five international patents, called CipherLoc. CipherLoc is a commercially viable polymorphic key progression algorithmic cipher engine (PKPA). This morphing cipher can be used in commercial data security industry and/or in sensitive applications, including banks, financial transactions, credit cards, securities, stock and bonds transactions, e-mail, phones, tablets, servers and or computers. This PKPA Engine eliminates replay attacks because the cipher morphs over time. CipherLoc also rejects data access and injection, false commands, and data alteration. CipherLoc is a facet of a layered defense in depth protection plan for any organization. The CipherLoc Polymorphic Cipher Engine provides an electronic gate that restricts access to vital assets, production facilities, and distribution systems.