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<DIV style=margin-left:72pt;width:468pt><P align=center style='font:12pt Times New Roman;margin:0'><B>UNITED STATES</B></P>
<P align=center style='font:12pt Times New Roman;margin:0'><B>SECURITIES AND EXCHANGE COMMISSION</B></P>
<P align=center style='font:12pt Times New Roman;margin:0'><B>Washington, D.C. 20549</B></P>
<P align=center style='font:12pt Times New Roman;margin:0'>&nbsp;</P>
<P align=center style='font:12pt Times New Roman;margin:0'><B>FORM 8-K</B></P>
<P align=center style='font:12pt Times New Roman;margin:0'>&nbsp;</P>
<P align=center style='font:12pt Times New Roman;margin:0'><B>CURRENT REPORT</B></P>
<P align=center style='font:12pt Times New Roman;margin:0'><B>Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934</B></P>
<P align=center style='font:12pt Times New Roman;margin:0'>&nbsp;</P>
<P align=center style='font:12pt Times New Roman;margin:0'><FONT style='border-bottom:1px solid #000000'><B>July 21</B><B>, 2020</B></FONT></P>
<P align=center style='font:12pt Times New Roman;margin:0'>Date of Report</P>
<P align=center style='font:12pt Times New Roman;margin:0'> (Date of earliest event reported)</P>
<P align=center style='font:12pt Times New Roman;margin:0'>&nbsp;</P>
<P align=center style='font:12pt Times New Roman;margin:0'>&nbsp;</P>
<P align=center style='font:12pt Times New Roman;margin:0'><B>APPLife Digital Solutions, Inc.</B></P>
<P align=center style='font:12pt Times New Roman;margin:0'>(Exact name of registrant as specified in its charter)</P>
<P align=center style='font:12pt Times New Roman;margin:0'>&nbsp;</P>
<P align=center style='font:12pt Times New Roman;margin:0'>&nbsp;</P>
<TABLE align=center style=border-collapse:collapse;width:427.4pt><TR><TD valign=top style=width:153pt;padding:0.75pt><P align=center style='font:12pt Times New Roman;margin:0'>&#160;&#160;<FONT style='border-bottom:1px solid #000000'><B>Nevada</B></FONT></P>
</TD><TD valign=top style=width:124.7pt;padding:0.75pt><P align=center style='font:12pt Times New Roman;margin:0'><FONT style='border-bottom:1px solid #000000'><B>000-56144</B></FONT></P>
</TD><TD valign=top style=width:149.7pt;padding:0.75pt><P align=center style='font:12pt Times New Roman;margin:0'><FONT style='border-bottom:1px solid #000000'><B>82-4868</B><B>628</B></FONT></P>
</TD></TR>
<TR style=height:42.9pt><TD valign=top style=width:153pt;padding:0.75pt><P align=center style='font:12pt Times New Roman;margin:0'>(State or other jurisdiction of Incorporation)</P>
</TD><TD valign=top style=width:124.7pt;padding:0.75pt><P align=center style='font:12pt Times New Roman;margin:0'>(Commission File Number)</P>
</TD><TD valign=top style=width:149.7pt;padding:0.75pt><P align=center style='font:12pt Times New Roman;margin:0'>(IRS Employer Identification No.)</P>
</TD></TR>
</TABLE>
<P align=center style='font:12pt Times New Roman;margin:0'><B>50 California St.</B></P>
<P align=center style='font:12pt Times New Roman;margin:0'><B>Suite 1500</B></P>
<P align=center style='font:12pt Times New Roman;margin:0'><B>San Francisco, CA 94111</B></P>
<P align=center style='font:12pt Times New Roman;margin:0'><B>Phone: (415) 439-5260</B></P>
<P style='font:12pt Times New Roman;margin:0'>&nbsp;</P>
<P align=center style='font:12pt Times New Roman;margin:0'>(Address and Telephone Number of Registrant&#8217;s Principal Executive Offices and Principal Place of Business)</P>
<P align=center style='font:12pt Times New Roman;margin:0'>&nbsp;</P>
<P align=center style='font:12pt Times New Roman;margin:0'>&nbsp;</P>
<P style='font:12pt Times New Roman;margin:0'>Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:</P>
<P style='font:12pt Times New Roman;margin:0'>&nbsp;</P>
<P style='font:12pt Times New Roman;margin:0'>&#111; Written communications pursuant to Rule 425 under the Securities Act</P>
<P style='font:12pt Times New Roman;margin:0'>&nbsp;</P>
<P style='font:12pt Times New Roman;margin:0'>&#111; Soliciting material pursuant to Rule 14a-12 under the Exchange Act</P>
<P style='font:12pt Times New Roman;margin:0'>&nbsp;</P>
<P style='font:12pt Times New Roman;margin:0'>&#111; Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act</P>
<P style='font:12pt Times New Roman;margin:0'>&nbsp;</P>
<P style='font:12pt Times New Roman;margin:0'>&#111; Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act</P>
<P style='font:12pt Times New Roman;margin:0'>&#160;</P>
<P align=justify style='font:12pt Times New Roman;margin:0'> Securities registered pursuant to Section 12(b) of the Act:</P>
<P align=justify style='font:12pt Times New Roman;margin:0'>&#160;</P>
<TABLE style=border-collapse:collapse;width:100%><TR><TD valign=bottom style='width:32%;border-bottom:1.5pt solid #000000'><P align=center style='font:12pt Times New Roman;margin:0'><B>Title of each class&#8239;</B></P>
</TD><TD valign=bottom style=width:2%><P align=center style='font:12pt Times New Roman;margin:0'>&#160;</P>
</TD><TD valign=bottom style='width:20%;border-bottom:1.5pt solid #000000'><P align=center style='font:12pt Times New Roman;margin:0'><B>Trading Symbol(s)</B></P>
</TD><TD valign=bottom style=width:2%><P align=center style='font:12pt Times New Roman;margin:0'>&#160;</P>
</TD><TD valign=bottom style='width:44%;border-bottom:1.5pt solid #000000'><P align=center style='font:12pt Times New Roman;margin:0'><B>Name of each exchange on which registered</B></P>
</TD></TR>
<TR><TD valign=top><P align=center style='font:12pt Times New Roman;margin:0'>None</P>
</TD><TD valign=bottom><P align=center style='font:12pt Times New Roman;margin:0'>&#160;</P>
</TD><TD valign=bottom><P align=center style='font:12pt Times New Roman;margin:0'>N/A</P>
</TD><TD valign=bottom><P align=center style='font:12pt Times New Roman;margin:0'>&#160;</P>
</TD><TD valign=bottom><P align=center style='font:12pt Times New Roman;margin:0'>N/A</P>
</TD></TR>
</TABLE>
<P align=justify style='font:12pt Times New Roman;margin:0'>&#160;</P>
<HR style='page-break-after:always;border:0;height:3pt;background-color:#909090;margin:8pt 0'><P style=line-height:0;margin:0></P>
<P style='font:12pt Times New Roman;margin:0'>&nbsp;</P>
<P style='font:12pt Times New Roman;margin:0'><B>Item 1.01 Entry into a Material Definitive Agreement.</B></P>
<P style='font:12pt Times New Roman;margin:0;margin-right:2pt'>&nbsp;</P>
<P style='font:12pt Times New Roman;margin:0'>On July 21, 2020, APPlife Digital Solutions Inc. (the &#8220;Company&#8221;), entered into a letter agreement (the &#8220;Agreement&#8221;) with Carter, Terry &amp; Company (&#8220;CT&amp;Co&#8221;) for CT&amp;Co to act as the Company&#8217;s exclusive financial advisor and placement agent, on a best efforts basis. &nbsp;Under the terms of the Agreement, CT&amp;Co will be the Company&#8217;s exclusive financial advisor for an initial period of thirty (30) days and then reverting to a non-exclusive financial advisor for the next twelve (12) months, with an option to extend for an additional six (6) months. &nbsp;Both the Company and CT&amp;Co may cancel the Agreement at any time upon written notice to the other party. &nbsp;Within five (5) days of execution of the Agreement, the Company shall cause 500,000 shares of its restricted common stock to be issued to CT&amp;Co. &nbsp;As additional consideration, the Company shall pay CT&amp;Co a success fee of ten percent (10%) of the amount of any equity or hybrid equity capital raised up to $1,000,000, eight percent (8%) of the amount of any equity or hybrid equity capital raised up to $5,000,000, and six percent (6%) of the amount of any equity or hybrid equity capital raised over $5,000,000. &nbsp;In connection with the compensation set forth above, the Company shall also issue to CT&amp;Co restricted shares of its common stock equal to four percent (4%) of the capital raised divided by the last reported closing price of the Company&#8217;s common stock on the date of the close. &nbsp;</P>
<P style='font:12pt Times New Roman;margin:0'>&nbsp;</P>
<P style='font:12pt Times New Roman;margin:0'>The foregoing information is a summary of the Agreement described above, is not complete, and is qualified in its entirety by reference to the full text of the Agreement, which is attached as Exhibit 10.1 to this Current Report on Form 8-K. &nbsp;Readers should review the Agreement for a complete understanding of the terms and conditions of the transaction described above.</P>
<P style='font:12pt Times New Roman;margin:0'>&nbsp;</P>
<P style='font:12pt Times New Roman;margin:0;color:#000000;background-color:#FFFFFF'><B>Item 9.01 Financial Statements and Exhibits.</B></P>
<P style='font:12pt Times New Roman;margin:0;color:#000000;background-color:#FFFFFF'>&nbsp;</P>
<P style='font:12pt Times New Roman;margin:0;color:#000000;background-color:#FFFFFF'><KBD style='position:absolute;font:12pt Times New Roman;margin-left:0pt'>(d)</KBD><KBD style=margin-left:36pt></KBD><FONT style='border-bottom:1px solid #000000'>Exhibits.</FONT>&nbsp;</P>
<P style='font:12pt Times New Roman;margin:0'>&nbsp;</P>
<P style='font:12pt Times New Roman;margin:0'><KBD style='position:absolute;font:12pt Times New Roman;margin-left:0pt'><FONT style='border-bottom:1px solid #000000'>Exhibit Number</FONT></KBD><KBD style=margin-left:144pt></KBD><FONT style='border-bottom:1px solid #000000'>Description</FONT>___________________________________________&nbsp;</P>
<P style='font:12pt Times New Roman;margin:0;margin-left:144pt'><KBD style='position:absolute;font:12pt Times New Roman;margin-left:-144pt'>10.1</KBD><A href=alds_ex10z1.htm style=text-decoration:none><FONT style='color:#0000FF;border-bottom:1px solid #0000FF'>Letter Agreement with Carter, Terry &amp; Company dated July 21,  2020</FONT></A>&nbsp;</P>
<HR style='page-break-after:always;border:0;height:3pt;background-color:#909090;margin:8pt 0'><P style=line-height:0;margin:0></P>
<P style='font:12pt Times New Roman;margin:0'>&nbsp;</P>
<P style='font:12pt Times New Roman;margin:0'>&nbsp;</P>
<P align=center style='font:12pt Times New Roman;margin:0'><B>SIGNATURES</B></P>
<P align=justify style='font:12pt Times New Roman;margin:0'>&nbsp;</P>
<P align=justify style='font:12pt Times New Roman;margin:0;text-indent:36pt'>Pursuant to the requirements of the Securities Exchange Act of 1934, the Company has duly caused this Report to be signed on its behalf by the undersigned hereunto duly authorized.</P>
<P align=justify style='font:12pt Times New Roman;margin:0'>&nbsp;</P>
<P align=justify style='font:12pt Times New Roman;margin:0'>Dated: July 23, 2020 </P>
<P style='font:12pt Times New Roman;margin:0'>&nbsp;</P>
<P style='font:12pt Times New Roman;margin:0'><KBD style=margin-left:252pt></KBD><B>APPLIFE DIGITAL SOLUTIONS, INC.</B>&nbsp;</P>
<P style='font:12pt Times New Roman;margin:0'>&nbsp;</P>
<P style='font:12pt Times New Roman;margin:0'><KBD style=margin-left:252pt></KBD><FONT style='border-bottom:1px solid #000000'><I>/s/ Matthew Reid</I><I> &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</I></FONT>&nbsp;</P>
<P style='font:12pt Times New Roman;margin:0'><KBD style=margin-left:252pt></KBD>Matthew Reid&nbsp;</P>
<P style='font:12pt Times New Roman;margin:0;text-indent:36pt;margin-left:216pt'>Principal Executive Officer</P>
</DIV>
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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
July 21
, 2020
Date of Report
(Date of earliest event reported)
APPLife Digital Solutions, Inc.
(Exact name of registrant as specified in its charter)
Nevada
000-56144
82-4868
628
(State or other jurisdiction of Incorporation)
(Commission File Number)
(IRS Employer Identification No.)
50 California St.
Suite 1500
San Francisco, CA 94111
Phone: (415) 439-5260
(Address and Telephone Number of Registrant's Principal Executive Offices and Principal Place of Business)
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
o Written communications pursuant to Rule 425 under the Securities Act
o Soliciting material pursuant to Rule 14a-12 under the Exchange Act
o Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act
o Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act
Securities registered pursuant to Section 12(b) of the Act:
Title of each class
Trading Symbol(s)
Name of each exchange on which registered
None
N/A
N/A
Item 1.01 Entry into a Material Definitive Agreement.
On July 21, 2020, APPlife Digital Solutions Inc. (the "Company"), entered into a letter agreement (the "Agreement") with Carter, Terry & Company ("CT&Co") for CT&Co to act as the Company's exclusive financial advisor and placement agent, on a best efforts basis.  Under the terms of the Agreement, CT&Co will be the Company's exclusive financial advisor for an initial period of thirty (30) days and then reverting to a non-exclusive financial advisor for the next twelve (12) months, with an option to extend for an additional six (6) months.  Both the Company and CT&Co may cancel the Agreement at any time upon written notice to the other party.  Within five (5) days of execution of the Agreement, the Company shall cause 500,000 shares of its restricted common stock to be issued to CT&Co.  As additional consideration, the Company shall pay CT&Co a success fee of ten percent (10%) of the amount of any equity or hybrid equity capital raised up to $1,000,000, eight percent (8%) of the amount of any equity or hybrid equity capital raised up to $5,000,000, and six percent (6%) of the amount of any equity or hybrid equity capital raised over $5,000,000.  In connection with the compensation set forth above, the Company shall also issue to CT&Co restricted shares of its common stock equal to four percent (4%) of the capital raised divided by the last reported closing price of the Company's common stock on the date of the close.
The foregoing information is a summary of the Agreement described above, is not complete, and is qualified in its entirety by reference to the full text of the Agreement, which is attached as Exhibit 10.1 to this Current Report on Form 8-K.  Readers should review the Agreement for a complete understanding of the terms and conditions of the transaction described above.
Item 9.01 Financial Statements and Exhibits.
(d)
Exhibits.
Exhibit Number
Description
___________________________________________
10.1
Letter Agreement with Carter, Terry & Company dated July 21,  2020
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the Company has duly caused this Report to be signed on its behalf by the undersigned hereunto duly authorized.
Dated: July 23, 2020
APPLIFE DIGITAL SOLUTIONS, INC.
/s/ Matthew Reid
Matthew Reid
Principal Executive Officer