UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM
Current Report
Pursuant to Section 13 or 15(d)
of the Securities Exchange Act of 1934
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Section 1 - Registrant’s Business and Operation
Item 1.01 - Entry into a Material Definitive Agreement.
On October 12, 2021, Cyberloq Technologies, Inc. (the “Company”) entered into a Collaboration and Consulting Agreement with Pannovate Limited (“Pannovate”), a private limited company in the United Kingdom. Pursuant to the agreement, Pannovate will collaborate and consult with the Company to develop a “sandbox” – i.e., a development environment in order to integrate the Company’s CyberloQ technology with Pannovate’s existing omni-channel digital solutions for fintech, banks and businesses.
As compensation under the agreement, the Company will issue 50,000 shares of its common stock to Pannovate. Finally, the agreement contemplates that as the project moves forward a more detailed and comprehensive agreement will be entered into between the parties.
Item 3.02 - Unregistered Sales of Securities.
The information required by this Item 3.02 is included under Item 1.01 of this Current Report on Form 8-K.
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
CYBERLOQ TECHNOLOGIES, INC. (Registrant) | ||
| By: | /s/ Christopher Jackson | |
| Christopher Jackson, President | ||
| Date: October 12, 2021 | ||