DarkPulse forms partnership with Jupiter Metal for India infrastructure projects

DarkPulse, Inc.

Formed partnership "OM DarkPulse Infratech" under Indian Partnership Act 1932.
Partnership to jointly work on infrastructure projects in India; initial 12-month term, auto-renewable.
Capital contributions to be decided later, shared equally in cash; no interest paid.
Management by board or CEO elected by 51% of partners; major decisions require 51% or unanimous approval.
Agreement effective May 16, 2023; either partner may terminate with 90 days' notice.

Key facts

Extracted from this filing and checked against the source text.

Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

DarkPulse, Inc. entered into Partner Agreement with Jupiter Metal Pvt. Ltd. valued at Formed a partnership named 'OM DarkPulse Infratech' to jointly work on infrastructure projects in In (effective 2023-05-16).

Action: entry
Counterparty: Jupiter Metal Pvt. Ltd.
Value: Formed a partnership named 'OM DarkPulse Infratech' to jointly work on infrastructure projects in In
Effective: 2023-05-16

Exact text from the filing

On May 16, 2023 (the “ Effective Date ”), DarkPulse, Inc., a Delaware corporation (the “ Company ”), entered into a Partner Agreement (the “ Agreement ”) with Jupiter Metal Pvt. Ltd.

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Source: SEC EDGAR

accession 0001683168-23-003491

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