Item 1.01 Entry Into a Material Definitive Agreement.
On December 1, 2020, Bergio International, Inc. (the "Company") announced a new
multi-phase buyback program. Under this initial phase of the repurchase program,
the Company's CEO, Berge Abajian, will buy from the open market at least $50,000
and up to $100,000 of Company common stock. Repurchases will be made at
management's discretion at prices management considers to be attractive and in
the best interests of both the Company and its shareholders, subject to the
availability of stock, general market conditions, the trading price of the
stock, alternative uses for capital, and the Company's financial performance.
Open market purchases will be conducted in accordance with the limitations set
forth in Rule 10b-18 of the SEC and other applicable legal requirements.
The repurchase program may be suspended, terminated or modified at any time for
any reason, including market conditions, the cost of repurchasing shares, the
availability of alternative investment opportunities, liquidity, and other
factors deemed appropriate. These factors may also affect the timing and amount
of share repurchases. The repurchase program does not obligate the Company to
purchase any particular number of shares.
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