UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM
Current Report
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Item 1.01. Entry into a Material Definitive Agreement.
On February 14, 2025, Cyberloq Technologies, Inc., a Nevada corporation (the “Company”) entered into a non-exclusive software referral agreement (the “Agreement”) with Transact Payments Limited (“TransactPay”). As a referral agent for the Company, TransactPay shall market the Company’s products to potential customers located in the European Union, the United Kingdom and Australia. The Company has agreed to pay TransactPay a ten-percent(10%) commission on all sales.
In addition, on January 27, 2025, a member of the Company’s Board of Advisors assigned to the Company a U.S. Provisional Patent Application (Application No. 63/750,377), filed with the United States Patent and Trademark Office (USPTO). The assigned patent application is entitled “Authorization of a Physical Card Transaction” and relates to using various combinations of the location of the authorized user, the payment card and the merchant in a number of different ways to deter fraud and provide authorization in a payment card physical transaction including inclusion and exclusion zones.
Item 5.02 - Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
On December 4, 2024, the directors of the Company approved an amended compensation agreements for Christopher Jackson, the Company’s President, increasing his annual base salary to $132,000 per year. The remaining terms of Christopher’s Jackson remain unchanged. In addition, the directors of the company approved year-end bonuses for Christopher Jackson, the Company’s President, and Enrico Giordano, the Company’s vice-president of $45,000 each.
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.
CYBERLOQ TECHNOLOGIES, INC. (Registrant) | ||
| By: | /s/ Christopher Jackson | |
| Christopher Jackson, President | ||
| Date: February 18, 2025 | ||