Report of Foreign Issuer Pursuant to Rule 13a-16 or 15d-16 (6-k)
February 17 2022 - 09:53AM
Edgar (US Regulatory)
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 6-K
REPORT OF FOREIGN PRIVATE ISSUER
PURSUANT TO RULE 13a-16 OR 15d-16 OF THE
SECURITIES EXCHANGE ACT OF 1934
For the month of, February 2022
Commission File Number 001-40848
GUARDFORCE AI CO., LIMITED
(Translation of registrant’s name into English)
10 Anson Road, #28-01 International Plaza
Singapore 079903
(Address of principal executive offices)
Indicate by check mark whether the registrant files or will file annual
reports under cover of Form 20-F or Form 40-F: Form 20-F ☒ Form 40-F ☐
Indicate by check mark if the registrant is submitting the Form 6-K
in paper as permitted by Regulation S-T Rule 101(b)(1): ☐
Indicate by check mark if the registrant is submitting the Form 6-K
in paper as permitted by Regulation S-T Rule 101(b)(7): ☐
Entry into a Commissioned Development Agreement
On February 8, 2022, Guardforce AI Co., Limited
(the “Company”) entered into a Commissioned Development Agreement (the “Agreement”) with Shenzhen
Kewei Robot Technology Co., Limited (“Kewei”), wherein Kewei will develop a robotics management platform named GFAI
Intelligent Cloud Platform V2.0 (the “Platform”) for the Company. The initial term of the Agreement will be from February
8, 2022 until Decemeber 31, 2024, in accordance with certain development milestones listed in an exhibit to the Agreement. The Company
agreed to deliver payment to Kewei in the amount of USD$5,000,000, discounted to USD$3,000,000 provided the Company were to issue a one-time,
lump sum payment within five (5) business days of the execution of the Agreement, which $3,000,000 amount the Company timely paid. The
Company will be the sole owner of all intellectual property rights in the Platform. The Agreement is governed by and construed in accordance
with the laws of Hong Kong.
Although Kewei is affiliated with the Company,
after careful consideration, the board of directors of the Company unanimously determined that the quotation received from Kewei was
just, equitable and fair to the Company and that it would be in the best interests of the Company to enter into the Agreement with Kewei.
EXHIBIT INDEX
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, thereunto duly authorized.
Date: February 17, 2022 |
Guardforce AI Co., Limited |
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By: |
/s/ Lei Wang |
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Lei Wang |
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Chief Executive Officer |
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