On January 25, 2018, Bravatek Solutions, Inc. entered into a joint venture agreement with AmbiCom Holdings, Inc. (AmbiCom), effective January 24, 2018, pursuant to which the parties will form a joint venture limited liability company in Delaware to develop, market and sell products, services and technology based on a private branded Active Optimization software application based on the Veloxum software (System); the joint venture will be owned 51% by the company and 49% by AmbiCom; the company will fund $30,000 in initial capital to the joint venture; and the joint venture will have an irrevocable royalty-free worldwide license to the System and related intellectual property.