CYBERFORT SOFTWARE, INC. (OTCMKTS:CYBF) Files An 8-K Entry into a Material Definitive Agreement
ITEM 1.01 ENTRY INTO A MATERIAL DEFINITIVE AGREEMENT
Purchase Agreement
On February 25, 2019, we entered into a Purchase Agreement (the “Agreement”), with Krishna Kumar (the “Seller”) to acquire the title, rights, and 50% interest to a software application in exchange for various consideration. Under the Agreement, the Company will pay the Seller $3,000 within 7 business days the effective day and will issue 250,000 shares of the Company’s common stock after 12 months of the effective date.
Per the Purchase Agreement, the Company was required to invest up to $100,000 throughout the calendar year of 2019. Additionally, the Agreement obligates the Company to appoint Krishna Kumar as the “Chief Technology Officer”, determining a salary at a letter date.
The parties have made customary representations, warranties, covenants and agreements in the Purchase Agreement.
The foregoing description of the Purchase Agreement is qualified in its entirety by reference to the full text of the Purchase Agreement, which is attached as Exhibit 2.1 to this Form 8-K and incorporated herein by reference.
Item 9.01. Financial Statements and Exhibits.
(d) Exhibits.
Cyberfort Software, Inc. Exhibit
EX-10.1 2 cybf_ex101.htm PURCHASE AGREEMENT cybf_ex101.htmEXHIBIT 10.1 SOFTWARE PURCHASE AGREEMENT THIS SOFTWARE PURCHASE AGREEMENT (this “Agreement”),…
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About CYBERFORT SOFTWARE, INC. (OTCMKTS:CYBF)
Cyberfort Software, Inc., formerly Patriot Berry Farms, Inc., is a cyber security technology company. The Company specializes in the acquisition and development of cyber security, content filtering and advertising blocking technology. It deals with various cyber threats through protection technologies for mobile, personal and business technology devices, stretching across a number of the available platforms. It is in the process of acquiring Vivio, a provider of artificial intelligence content filtering and software protection. Vivio is an iPhone operating system (iOS) 10 advertising blocking application, which serves over 10,000 users across iPhone, iPad and Mac. It prevents malicious digital activities, such as spam, malware, ransomware, breach of data and data theft. It connects network security, encryption and mobile security to protect businesses from malware and viruses. It controls the personal data exchanged between connected platforms, such as smartphones or wearables.
