Cyberlux Corp (CYBL)

[mick]

HAVAS Group S.A.S.https://www.otcmarkets.com/otcapi/company/financial-report/346648/content
On October 29, 2021, Cyberlux Corporation announced the Company acquired 100% of HAVAS Group S.A.S. in a
transaction comprised of both shares of common stock valued at $0.05, $0.10 and $0.25, and a cash component paid out
over a one-year earnout period. The HAVAS Group management has certain equity incentives for continued renewable
revenue growth to the $30 million annual revenue objective, renewable project implementation milestones and certain
intellectual property development objectives. Cyberlux intends to make ongoing renewable energy property and working
capital investments for further renewable energy business expansion in South America and Europe. In addition, the Cyberlux
ITS business unit office in Miami, Florida is addressing all North American renewable energy projects and is pursuing all
U.S. infrastructure spending opportunities. Further, the Cyberlux ITS business unit is now utilizing the infrastructure
capabilities, renewable energy knowhow and expert resources of the also acquired FBD Group, including its cost structure
advantages, in the North and South American markets.
Terms:
1. Cyberlux issued 100,000,000 shares of restricted common stock to HAVAS Group S.A.S. valued $0.04; 50,000,000
shares for the HAVAS Group S.A.S. company and 49,185,184 shares for the HAVAS Group land rights for further solar
generation development.
2. HAVAS Group committed to $3,000,000 USD revenue in 2021, $5,000,000 USD in 2022, and $7,000,000 in revenue in
2023.
3. Cyberlux will invest up to $350,000 in HAVAS projects, including solar generation and infrastructure, based certain
milestone achievements and specific plan results for the 2022 Plan and the 2023 Plan.