GLOBAL DIGITAL SOLUTIONS, INC. (OTCMKTS:GDSI) Files An 8-K Entry into a Material Definitive AgreementItem 1.01 Entry Into a Material Definitive Agreement.
On May 15, 2018, Global Digital Solutions, Inc. (the “Company”) entered into an Investment Return Purchase Agreement with an accredited investor (the “Purchaser”) for proceeds of $200,000 (the “Investment Agreement”). Under the terms of the Investment Agreement, the Company agreed to pay the Purchaser a 10% return, or $20,000 (the “Investment Return”) within three (3) months from the date of the Investment Agreement. Such Investment Return shall be paid earlier if the Company secures funding totaling $500,000 within 90 days from the date of the Investment Agreement. In addition, the Company agreed to issue to the Purchaser 2,000,000 warrants to purchase common stock of the Company at an exercise price of $0.01 per share, exercisable for a period of three (3) years.
The foregoing descriptions of the Investment Agreement are summaries, and are qualified in their entirety by reference to such documents, which is attached hereto as Exhibit 10.1 and is incorporated herein by reference.
Item 2.03. Creation of a Direct Financial Obligation or an Obligation Under an Off-Balance Sheet Arrangement of a Registrant.
The information set forth in Item 1.01 is incorporated herein by reference.
Item 9.01. Financial Statements and Exhibits.
(d)Exhibits
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Exhibit Number |
Description |
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Investment Return Purchase Agreement dated May 15, 2018 |
GLOBAL DIGITAL SOLUTIONS INC ExhibitEX-10.1 2 gdsi_ex101.htm INVESTMENT RETURN PURCHASE AGREEMENT Blueprint Exhibit 10.1 INVESTMENT RETURN PURCHASE AGREEMENT THIS INVESTMENT RETURN PURCHASE AGREEMENT is made as of this 15th day of May 2018 by and between Global Digital Solutions,…To view the full exhibit click here
About GLOBAL DIGITAL SOLUTIONS, INC. (OTCMKTS:GDSI)
Global Digital Solutions, Inc. focuses on the area of cyber arms technology and complementary security and technology solutions. The Company’s subsidiaries are North American Custom Specialty Vehicles, Inc. (NACSV), GDSI Florida, LLC and Global Digital Solutions, LLC. The Company’s NACSV specializes in building mobile command/communications and specialty vehicles for emergency management, first responders, national security and law enforcement operations. These specialty vehicles include Mobile Command Center, Command and Control, and Incident Command. A mobile command center is a response and recovery vehicle that facilitates an agency’s ability to expand their command and control capabilities to a remote location. For the emergency management agency, the vehicle is an extension of the fixed base emergency operations center. In the law enforcement environment, the vehicle can be utilized for command and control, as well as hostage negotiations and even as a mobile precinct.