*********** BVTK AND Data Pulse form JV pps up 10% on Open ******
Bravatek Solutions, Inc. (OTCMKTS:BVTK) Files An 8-K Other Events
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ME Staff 8-k
-
September 28, 2017
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Bravatek Solutions, Inc. (OTCMKTS:BVTK) Files An 8-K Other Events
Item 8.01 Other Events.
On September 27, 2017, Bravatek Solutions, Inc. (the “Company”) entered into a Letter of Intent (the “LOI”) with DarkPulse Technology Holdings, Inc. (“DarkPulse”), a New York corporation engaged in manufacturing hardware and software based on its BOTDA (Brillouin Optical Time Domain Analysis) technology, to form a joint venture entity, subject to the execution of definitive agreement(s) formalizing the joint venture, and to which the parties will use their reasonable best efforts to negotiate in good faith the definitive agreement(s), which, among other standard terms and conditions,will contain the following provisions: (1) the joint venture will be owned 60% by DarkPulse and 40% by the Company, (2) the Company will provide the joint venture a line of credit for up to $5,000,000, repayable on terms mutually agreeable to the joint venture and the Company, and (3) the joint venture will have an exclusive right to distribute DarkPulse’s products in the North America, Asia and European government, military and critical infrastructure/key resources market segments.
The foregoing description of the LOI and its terms is qualified in its entirety by the full text of the LOI, which is filed as Exhibit 99.1 to, and incorporated by reference in, this report.
Item 9.01 Financial Statements and Exhibits.
The exhibit listed in the following Exhibit Index is filed as part of this report:
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99.1
| Letter of Intent dated September 27, 2017.
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Bravatek Solutions, Inc. Exhibit
EX-99.1 2 bvtk_ex991.htm LETTER OF INTENT bvtk_ex991.htmEXHIBIT 99.1 Via Email Only September 27,…
To view the full exhibit click here |
