UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

 

FORM 8-K

 

CURRENT REPORT

PURSUANT TO SECTION 13 0R 15 (D) OF THE

SECURITIES EXCHANGE ACT OF 1934

 

Date of Report (Date of earliest event reported): October 11, 2017

 

Bravatek Solutions, Inc.

(Exact name of registrant as specified in its charter)

 

Colorado

(State or Other Jurisdiction of Incorporation)

 

000-1449574

 

32-0201472

(Commission File Number)

 

(IRS Employer Identification No.)

 

 

2028 E Ben White Blvd, Suite 240-2835, Austin, Texas

 

78741

(Address of Principal Executive Offices)

 

(Zip Code)

 

(866) 204-6703

(Registrant’s telephone number, including area code)

 

____________________________________________

(Former name or former address, if changed since last report)

 

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):

 

o Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

 

o Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

 

o Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

 

o Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

 

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

 

Emerging growth company o

 

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. o

 

 
 
 
 

 

Item 8.01 Other Events.

 

On October 11, 2017, Bravatek Solutions, Inc. (the “Company”) entered into a Purchase Order with DarkPulse Technology Holdings, Inc. (“DarkPulse”), a New York corporation engaged in manufacturing hardware and software based on its BOTDA (Brillouin Optical Time Domain Analysis) technology, for services to be provided by the Company and DarkPulse pursuant to the parties’ Strategic Alliance Agreement, and pursuant to which the Company will receive a 20% commission for DarkPulse’s project to monitor the structural health of a third party’s critical infrastructure and key resources.

 

The foregoing description of the Purchase Order and its terms is qualified in its entirety by the full text of the Purchase Order, which is filed as Exhibit 99.1 to, and incorporated by reference in, this report.

 

Item 9.01 Financial Statements and Exhibits.

 

The exhibit listed in the following Exhibit Index is filed as part of this report:

 

99.1

 

Purchase Order dated October 11, 2017.

 

 

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SIGNATURES

 

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

 

  BRAVATEK SOLUTIONS, INC.
       
Date: October 11, 2017 By: /s/ Thomas A. Cellucci

 

 

Thomas A. Cellucci

 
   

Chief Executive Officer

 

 

 

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EXHIBIT 99.1

 

Effective date: 10 October 2017

Project: Iron Ore Mining Facilities

Owner: Undisclosed - NDA

Purchase Order to Bravatek Solutions, Inc.: BVTK-PO-001-1017A

Purchase Order not to exceed $21,500,000

 

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.

 

P r oject

DPT will provide the installation of their patented BOTDA system into Owner’s facilities to monitor the structural health of Owner’s Critical Infrastructure/Key Resources (“CI/KR”). The first deployments will include: Oil&Gas pipeline, foundation and structure of pumping station, hydro power facility including dam structure, pressurized water pipe of pumping station and return line, and pressurized water pipe of a pumping station of circulating water supply (underground portion).

 

I n v oicing

BVTK will invoice monthly for payment on completed projects. BVTK will submit the invoice with DPT within the first week of each month for milestones completed the previous month. DPT shall review with BVTK and approve each invoiced amount.

 

C ompletion

For purposes of this section “completed site” means those sites for which DarkPulse has installed its BOTDA sensor technology and upon DarkPulse’s completion of a final system analysis with Owner’s engineers, whereby Owner has signed a work order completion document.

 

Payment

For those completed projects, DPT will pay undisputed amounts within NET 30 days after each client payment on delivered products received at DARKPULSE’s bank account.

 

 

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C onditions

 

Subject to successful demonstration/installation of DPT’s BOTDA system(s) at Owners facility.

 

T e r m

The term of this Agreement is twelve (12) months from the date hereof, and will be automatically renewed for one (1) additional twelve month period unless either party shall notify the other in writing of its intention not to renew. Such notice must be given ninety (90) days prior to expiration of the original term. This Agreement may also be terminated by either party upon ninety (90) days written notice. Any unpaid invoices for work obtained or work to be completed in the Project by DPT through the MAP shall be paid to BVTK immediately by termination by DPT.

 

A ss i gn m e n t

This Agreement shall not be assignable by either party without the prior written consent of the other party.

 

This Purchase Order shall not be considered accepted, approved or otherwise effective until signed by the appropriate parties.

 

 

B r avatek Technologies, Inc.   DarkPulse Technology Holdings, Inc.    

 

 

 

 

 

 

By:

/s/ Thomas A. Cellucci   By: /s/ Dennis O’Leary  

Name:

Thomas A. Cellucci   Name: Dennis O’Leary  

Title:

Chairman & CEO   Title: CEO  

 

 

 

 

 

 

Date:

October 11, 2017

 

Date:

October 11, 2017

 

 

 

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