Attached files
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| EX-10.18 - MATERIAL CONTRACTS - VISIUM TECHNOLOGIES, INC. | ex_10-18.htm |
| EX-99.1 - PRESS RELEASE - VISIUM TECHNOLOGIES, INC. | ex_99-1.htm |
UNITED STATES
SECURITY AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT
REPORT
Pursuant to Section 13 or 15(d) of the Securities and Exchange Act
of 1934
Date of Report (Date of earliest event reported): May 7,
2020
VISIUM TECHNOLOGIES, INC.
(Exact
name of Registrant as specified in its charter)
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Florida
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000-25753
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87-04496677
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(State or other jurisdiction
of incorporation)
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(Commission
File Number)
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(IRS Employer
Identification No.)
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4094 Majestic Lane Suite 360
Fairfax, Virginia 22033
(Address of principal executive offices, including zip
code)
(703) 273-0383
(Registrant’s telephone number, including area
code)
Check
the appropriate box below if the 8-K filing is intended to
simultaneously satisfy the filing obligations of the registrant
under any of the following provisions:
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Written
communication pursuant to Rule 425 under the Securities Act (17 CFR
230.425)
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Soliciting
material pursuant to Rule 14a-12 under the Exchange Act (17 CFR
240.14a-12)
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Pre-commencement
communications pursuant to Rule 14d-2(b) under the Exchange Act (17
CFR 240.14d-2(b))
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Pre-commencement
communications pursuant to Rule 13e-4(c) under the Exchange Act (17
CFR 240.13e-4(c)).
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Item 1.01 Entry into a
Material Definitive Agreement.
On May
7, 2020, Visium Technologies, Inc. (the “Company”),
through its wholly owned subsidiary, Visium Analytics, LLC, entered
into Amendment #1 (the “Amendment”) to the Software
License Agreement with The MITRE Corporation (“MITRE”),
a non-profit research organization serving the United States
Government, originally entered into on March 27, 2019 (the
“Agreement”). The Amendment provides the Company with
exclusive rights to CyGraph®, a patented
technology, from MITRE. CyGraph® is a cybersecurity
application that provides machine learning acceleration, advanced
cyber hunting, forensics, incident response and analytics
(the
“Software”). For the rights under the Amendment,
the Company shall pay MITRE an exclusivity fee of $20,000 for the
first year and $50,000 for the second year. Additionally, pursuant
to the Amendment, the Company is required to have a marketable,
demonstrable and saleable product or service using the Software
within a specified time period, and the Company is required to pay
to MITRE a royalty fee after the achievement of a certain milestone
of sales of such product or service.
Item
1.01 of this Current Report on Form 8-K contains only a brief
description of the material terms of the Amendment and does not
purport to be a complete description of the rights and obligations
of the parties thereunder, and such description is qualified in its
entirety by reference to the full text of the Amendment, which is
attached as Exhibit 10.1 to this Current Report on Form 8-K, and is
incorporated herein by reference.
Item 8.01. Other Events.
On May
13, 2020, the Company issued a press release announcing the
Company’s entry into the amendment to the Agreement. A copy
of the press release is attached as Exhibit 99.1
hereto.
Item 9.01. Financial Statements and Exhibits.
(d)
Exhibits.
Set
forth below is a list of exhibits to this Current Report on Form
8-K:
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Exhibit No.:
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Description:
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10.18*
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99.1*
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*
filed herewith
SIGNATURES
Pursuant to the
requirements of the Securities Exchange Act of 1934, the registrant
has duly caused this report to be signed on its behalf by the
undersigned hereunto duly authorized.
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VISIUM
TECHNOLOGIES, INC.
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Date:
May 13, 2020
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By:
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/s/ Mark Lucky
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Mark
Lucky
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Chief
Executive Officer
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