In December, Big Wind Capital Inc. entered into an agreement with Hill Top Security Inc. (HTSI) to license all of Hill Top's assets through an "exclusive, perpetual, worldwide, royalty-free license and acquire 49% of the shares of common stock" of Hill Top through a two-step acquisition process. Under the terms of the agreement Big Wind Capital initially acquired a 25% interest in Hill Top for US$660,000 in February and changed its name to Hilltop Cybersecurity Inc. (CYBX:CSE; BGGWF:OTC.MKTS).Hilltop recently announced details of the second acquisition. HTSI sold and issued 1,875 HTSI shares to the company, which is equal to 24% of the issued and outstanding HTSI Shares, bringing Hilltop's ownership to 49%. Hill Top also granted to the company a perpetual, worldwide, royalty free license in certain of HTSI's assets, following a license agreement between HTSI and the Hilltop Cybersecurity.
Hilltop Cybersecurity Inc. also completed a number of actions within the second acquisition. Hilltop paid US$1,500,000 and issued to HTSI 49,136,658 convertible common shares. Hilltop Cybersecurity Inc. also issued 1,200,000 common shares of the company to certain consultants and employees of HTSI. Additionally, Hilltop Cybersecurity executed and delivered consulting agreements to certain shareholders of HTSI.
Hilltop Cybersecurity is a cybersecurity and cryptocurrency security specialist located in Kelowna, British Columbia. According to the company, it has "has developed a unique, patented, cybersecurity platform, designed to protect businesses from external and internal cyber attack, and has also patented its biometric security solution for crypto-currencies."
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