Zerify Inc (ZRFY)

[Stargazer1945]

A little help from the 8K with Cyber Safety Inc....

ITEM 2.01. ACQUISITION OR DISPOSITION OF ASSETS

On August 24, 2015, the Company entered into an asset purchase and licensing agreement with Cyber Safety, Inc., a New York corporation (“Cyber Safety”) to license and retain an option to purchase the patents and Intellectual Property related to the GuardedID Ò and MobileTrust Ò software (the “Asset Purchase Agreement”) for a purchase price of Nine Million Dollars ($9,000,000), which may be paid in the form of a promissory note due by and no later than September 30, 2020. Pursuant to the terms and conditions of the Asset Purchase Agreement, Cyber Safety will license and have the option to purchase the white label version of the “GuardedID Ò ” software for up to $120,000 of development and the MobileTrust Ò software products. StrikeForce’s license granted to Cyber Safety does not affect or impact existing distributor relationships. StrikeForce, directly and through its distribution channel, will maintain the right to sell in the retail space in perpetuity.