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Thursday, May 24, 2018 3:51:32 PM
"DarkPulse is a development stage company involved in the development and marketing of certain unique and proprietary fiber optic sensing devices. DarkPulse does not have current revenues, but anticipates revenues later in 2018."
So we know that Cellucci lied about the $21.4 Finder's Fee for the Iron Ore mining company.
Effective date: 10 October 2017
Dr. Thomas A. Cellucci:
This Purchase ORDER (“PURCHASE ORDER”) is issued by DarkPulse technology Holdings, Inc. (“DPT”) for Services provided by Bravatek Solutions, Inc. (“BVTK”) under the Marketing Alliance Program (“MAP”) Agreement whereby both BVTK and DPT (“Parties”) having mutually agreed to enter into a strategic alliance dated 6 September 2017. BVTK will receive 20% commission for the project, estimated to be $21.4M on a total project value of $107M.
For the nine months ended December 31, 2017, the Company billed Dark Pulse $10,000 which is included in Sales, related party and Accounts receivable, related parties on the financial statements.
On October 19, 2017, the Company entered into an Addendum (the “Addendum”) to the Strategic Alliance Agreement with DarkPulse, pursuant to which Addendum the Company shall receive 20% of project revenue for DarkPulse’s “Five Deployments Eurasian Mining Project,” and 10% of project revenue for two additional DarkPulse agency agreements more specifically described in the Addendum. As of March 31, 2018, the Company has not recognized any revenue or expenses related to this agreement.
IG
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