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Tuesday, September 04, 2018 11:23:41 AM
As previously disclosed in the Current Report on Form 8-K filed on May 14, 2018, by Bravatek Solutions, Inc., a Colorado corporation (the “ Company ”), on May 8, 2018, the Company entered into an Equity Purchase Agreement (the “ Equity Purchase Agreement ”) with Triton Funds, LP, a Delaware limited partnership (the “ Investor ”), pursuant to which the Company had the right to require the Investor to purchase up to $500,000 (the “ Commitment Amount ”) of the Company’s common stock during a commitment period terminating on December 31, 2018 (the “ Termination Date ”) (or earlier termination pursuant to the terms of the Equity Purchase Agreement). The obligation of the Investor to purchase shares was subject to several conditions, including that the Company file a registration statement with the United States Securities and Exchange Commission within 60 days from the date of the Equity Purchase Agreement (the “ Registration Statement Filing Deadline ”).
On August 31, 2018, the Company and the Investor entered into an amendment to the Equity Purchase Agreement pursuant to which the Commitment Amount was increased to $1,000,000, the Termination Date was extended to June 30, 2019, and the Registration Statement Filing Deadline was extended from 60 days to 130 days from the date of the Equity Purchase Agreement.
The foregoing description of the amendment to the Equity Purchase Agreement is qualified in its entirety by the full text of the amendment, which is filed as Exhibit 10.1 to, and incorporated by reference in, this report.
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