ITEM 8.01 Other Events
FOMO CORP. ("FOMO") and its wholly owned subsidiary, Purge Virus LLC ("PV") have
signed a strategic alignment agreement with Chicago, IL-based Agile Technologies
Group, LLC ("Agile"; http://www.4agiletech.com) that includes rights of first
refusal to cross-sell disinfection products to Agile's customers and to offer
COVID-19 testing services to PV customers, non-circumvention non-disclosure
stipulations to protect each partner's respective customer bases and sales
pipelines, and the addition of Agile's CEO Rod Martin to FOMO's Advisory Board.
Martin is a seasoned executive with 30 years' experience across business and
industry including the global healthcare and technology markets. As
consideration, FOMO issued Agile 100,000,000 sales incentive common stock
purchase warrants with a strike price of $0.001 and a three-year expiration and
Rod Martin 10,000,000 common stock purchase warrants under the same terms. The
warrants will vest upon Agile generating 2021 sales of PV products of more than
$500,000 or upon Agile generating cumulative sales of more than $1,000,000
through YE23. The Companies have been working together since September 2020,
have already generated revenues from multiple customers across the country, and
have an active sales pipeline.
Item 9.01. Exhibits
(a) Exhibits. The following exhibit is incorporated by reference with this
Current Report on Form 8-K:
Exhibit No. Description
10.1 Purge Virus LLC / Agile Technologies Group, LLC Strategic
Alignment Agreement
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