Cyberlux Corp (CYBL)

[mick]

CMTC Drone Solutions:https://www.otcmarkets.com/otcapi/company/financial-report/346648/content
On 08/31/2021, Cyberlux Corporation announced the Company acquired 100% of CTMC Drone Solutions, LLC for an
aggregate of $2,275,000.00 in shares of common stock and cash over a three-year earnout period based on certain
business objectives, with certain equity incentives for continued equity value appreciation, revenue growth levels and
technology development milestones. Through this drone technology platform, Cyberlux Corporation intends to build the
technology and production capability to create ongoing growth in revenue, profit, and shareholder value. Cyberlux
anticipates making future cash investments for ongoing product development and working capital for business expansion.
Terms:
1. Cyberlux issued 10,000,000 shares of restricted common stock valued at $0.20 issued to CTMC Drone Solutions
Management (Larson Isely).
2. Cyberlux will pay up to $275,000 in cash based on certain business results achieved, with $125,000 in December of
2021 for the 2021 Plan results, up to $125,000 in December of 2022 based on certain 2022 Plan achievements, and up to
$125,000 in December of 2023 based on certain 2023 Plan achievements.
3. Cyberlux acquired 100% of CTMC Drone Solutions, LLC, including its intellectual property, technology, and industry
know-how.