CISO Global buys back vCISO IP for $1.02M, issues note at 8% over 1 year

CISO Global, Inc.

Entered IP Buy-Back Purchase Agreement on Nov 29, 2024 to repurchase vCISO, LLC and its IP from JC Associates.
Purchase price of $1,020,000 payable via promissory note at 8% per annum over one year.
Company sold vCISO IP in Sept 2024 for $1M cash; buy-back was pre-arranged under that agreement.
Buy-back covers seven cybersecurity software products and associated trademarks and IP.
Transaction creates a direct financial obligation via promissory note as of Nov 29, 2024.

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