Item 1.01.Entry into a Material Definitive Agreement.

As previously disclosed, on April 8, 2022, Beyond Commerce, Inc. (the "Company") entered into a letter of intent (the "Letter of Intent") with Electric Built Inc., a provider of electric vehicle design and engineering services ("Electric Built"), pursuant to which the Company will acquire the business of Electric Built (the "Transaction"). The Transaction shall provide the Company with exclusive access to Electric Built's commercial business know-how and business connections and operations, with such structure to be negotiated by the parties. Consummation of the Transaction shall be subject to the execution of a mutually satisfactory definitive agreement by the Company and Electric Built (the "Definitive Agreement"). Pursuant to the Letter of Intent, in exchange for exclusivity in negotiating the transaction, the Company has issued $50,000 in shares of restricted common stock of the Company, to be released at Closing of the Definitive Agreement. Additionally, the Company has been given a right of first refusal to purchase the assets, intellectual property and all other assorted property of Electrogistics, Inc.

As previously disclosed, the Company and Electric Built entered into a Stock Purchase Agreement (the "SPA") dated as of June 27, 2022, setting forth the definitive terms and condition for the Transaction, whereby the Company would acquire, for a balance of $950,000 in the form of shares of the Company's common stock, all equity of Electric Built. Pursuant to the SPA, the SPA is subject to termination if due diligence review and required conditions for closing have not been satisfied by September 20, 2022 (the "Termination Date").

As previously disclosed, on September 14, 2022, the Company and Electric Built entered into a First Amendment to the SPA (the "Amendment"), whereby the Termination Date was extended until October 31, 2022 (the "October 2022 Termination Date").

On October 24, 2022, Electric Built requested that the October 2022 Termination Date be extended (the "Extension"), to accommodate Electric Built's need to relocate its operations, among other reasons. The Company has accepted such request and the SPA, as amended by the Amendment, is subject to the Extension,

The foregoing descriptions of each of the SPA and Amendment are qualified in their entirety by reference to the full text of such agreements, the forms of which are attached hereto as Exhibits 10.1 and 10.2, respectively, and is incorporated herein by reference.





Item 9.01.Exhibits.



(d) Exhibits



Exhibit No.   Exhibit
10.1            Stock Purchase Agreement   (incorporated by reference to Exhibit
              10.1 of the Company's Current Report on 8-K filed with the Securities
              and Exchange Commission on September 16, 2022)
10.2            Amendment (incorporated by reference to Exhibit 10.2 of the
              Company's Current Report on 8-K filed with the Securities and
              Exchange Commission on September 16, 2022)

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