Logiq Inc (LGIQ)

[07up]

Another 8-K released today.

ITEM 1.01 ENTRY INTO A MATERIAL DEFINITIVE AGREEMENT

On February 11, 2016 the company signed an exclusive Software Licensing Agreement ("SLA") with Augicom S.A., ("Augicom") to distribute the Company's CreateApp platform in the Euro-Zone except Russia, Turkey, Armenia and Azerbaijan.

The SLA calls for a US$20 monthly fee per user of the CreateApp platform deployed by Augicom.

The focus is on the European SMB market. As of early 2015, there were approximately 30 million SMB's in the EU.

Augicom S.A., is a corporation organized and existing under the laws of the Swiss Confederation.
http://www.augicom.ch/

Augicom S.A., (Augicom) holds a public telecommunication license from OFCOM, the Swiss Federal Office for Communication. Augicom is an active supplier of telecommunication voice/data minutes and has significant partnerships with major European operators including Orange, Colt Telecom, Deutsche Telekom and many others.


ITEM 9.01 FINANCIAL STATEMENTS AND EXHIBITS

(a) Financial Statements of Businesses Acquired: None

(b) Pro-Forma Financial Statements: None

(c) Exhibits:

Exhibit No.

Description



10.1

Software Licensing Agreement with Augicom S.A., dated February 11, 2016







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.




WEYLAND TECH INC.



Dated: February 11, 2016

By:
/s/ Brent Y. Suen


Name:
Brent Y. Suen


Title:
President & CEO