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.
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