Item 1.01 Entry Into A Material Definitive Agreement.
On June 13, 2022, DarkPulse, Inc., a Delaware corporation (the “Company”),
entered into a Distributorship Agreement (the “Agreement”) with Multi Net Egypt
for Trading, an Egyptian company (the “Multi Net”). Pursuant to the Agreement,
Multi Net has been engaged by the Company to use its best efforts to promote and
sell “Contractual Products” (as defined in the Agreement) in GCC, the Middle
East, and Africa. Under the Agreement, the Company has extended to Multi Net a
credit line of $15,000,000. The Agreement will continue until terminated by
either the Company or Multi Net upon providing at least three months written
Item 7.01 Regulation FD Disclosure.
On June 14, 2022, the Company issued press release which announced the
Agreement. A copy of the press release is attached hereto as Exhibit 99.1, and
is incorporated herein by reference. Pursuant to the rules and regulations of
the Securities and Exchange Commission (the “SEC”), the information in this Item
7.01 disclosure, including Exhibit 99.1, and the information set forth therein,
is deemed to have been furnished to, and shall not be deemed to be “filed” with,
The press release may contain forward-looking statements. Such forward-looking
statements are based on information presently available to the Company’s
management and are current only as of the date made. Actual results could also
differ materially from those anticipated as a result of a number of factors,
including, but not limited to, those discussed in the Company’s Annual Report on
Form 10-K for the year ended December 31, 2021, and subsequent reports filed by
the Company with the SEC. For those reasons, undue reliance should not be placed
on any forward-looking statement. The Company assumes no duty or obligation to
update or revise any forward-looking statement, although it may do so from time
to time as management believes is warranted or as may be required by applicable
securities law. Any such updates or revisions may be made by the registrant by
filing reports with the SEC, through the issuance of press releases or by other
methods of public disclosure.
Item 9.01 Financial Statements and Exhibits.
(d) Exhibits. Exhibit No. Description 99.1 Press Release dated June 14, 2022 99.2 Distributorship Agreement dated effective June 13, 2022 with Multi Net Egypt for Trading
104 Cover Page Interactive Data File (formatted in inline XBRL)
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