BVTK AND Darkpulse JOINT VENTURE!!!!
DARKPULSE LANDED A 1 PLUS BILLION DOLLAR DEAL, BVTK GETS 40% OF ALL CONTRACTS!!!!
THIS GIVES BVTK A MARKET VALUE OF 400 PLUS MILLION , CURRENTLY TRADING AT MARKET CAP OF ONLY 44 MIL!!! MORE THAN A 1,000% MOVE IS ON ITS WAY
September 27, 2017
Mr. Dennis O’Leary
President
DarkPulse, Inc.
Re: Joint Venture Letter of Intent
Dear Mr. O’Leary:
This letter of intent (this “ Letter of Intent ” or “ Letter ”) sets forth the headline terms under which Bravatek Solutions, Inc., a Colorado corporation (“ Bravatek ”), and DarkPulse Technology Holdings, Inc., a New York corporation (“ DPT ”), will form a joint venture limited liability company to market their products and services in the North America, Asia and European government, military and CI/KR (Critical Infrastructure / Key Resources) market segments (the “ Joint Venture ”).
Notwithstanding anything to the contrary herein, nothing herein shall be considered binding, and this Letter shall only be considered an expression of intent setting forth the terms to be included in definitive agreement(s) to be negotiated and executed by the parties. The parties will use their reasonable best efforts to negotiate in good faith such agreements, which will contain, among other standard terms and conditions, provisions reflecting the following preliminary terms:
1. Ownership . The Joint Venture will be owned 60% by DPT and 40% by Bravatek.
2. Funding . Bravatek will provide the Joint Venture a line of credit for up to $5,000,000, repayable on terms mutually agreeable to the Joint Venture and Bravatek and secured by the Joint Venture’s assets.
3. License . The Joint Venture will have an exclusive right to distribute DPT’s products in the North America, Asia and European government, military and CI/KR market segments.
4. Due Diligence; Confidentiality . Each party and its representatives, officers, employees and advisors, including accountants and legal advisors, will provide the other party and its representatives, officers, employees and advisors, including accountants and legal advisors, with all information, books, records and property (collectively, “Transaction Information”) that such other party reasonably considers necessary or appropriate in connection with its due diligence inquiries prior to execution of definitive agreement(s). Each party agrees to make available to the other party such officers, employees, consultants, advisors and others as reasonably requested by the other party for meetings, visits, questions and discussions concerning each other and financing the Project. Each of the parties will use its reasonable best efforts to maintain the confidentiality of the Transaction Information, unless all or part of the Transaction Information is required to be disclosed by applicable securities laws, or to the extent that such disclosure is ordered by a court of competent jurisdiction.
