Cyberloq receives default notice from Mark Carten over $163K share redemption payment

CYBERLOQ TECHNOLOGIES, INC.

On Sept 2, 2022, Cyberloq received a default notice from Mark Carten for failure to pay $163,333.30 to redeem 1,633,333 common shares.
The default stems from a Feb 28, 2022 separation agreement; negotiations to revise agreement failed.
If payment not made within 10-day notice period, Carten can declare agreement terminated and un-redeemed shares become freely transferable.
The company has 10 days to cure default; no further details on current financial capacity.

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