================================================================================ 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 Date of Report (Date of earliest event reported): November 30, 2004 ----------------- Network-1 Security Solutions, Inc. - -------------------------------------------------------------------------------- (Exact name of registrant as specified in its charter) Delaware 1-14896 11-3027591 - -------------------------------------------------------------------------------- (State or other jurisdiction (Commission (IRS Employer of incorporation) File Number) Identification No.) 445 Park Avenue, Suite 1028, New York, New York 10022 - -------------------------------------------------------------------------------- (Address of principal executive offices) Registrant's telephone number, including area code: (212) 829-5700 N/A - -------------------------------------------------------------------------------- (Former name or former address, if changed since last report.) ================================================================================ Item 1.01 Entry into a Material Definitive Agreement - ---------------------------------------------------- On December 2, 2004, Network-1 Security Solutions, Inc. ("Network-1") issued a press release announcing that it has entered into a strategic agreement with ThinkFire Services USA, Ltd. ("ThinkFire") pursuant to which ThinkFire will act as worldwide licensing partner for Network-1's remote power patent (U.S. Patent No. 6,218,930) owned by Network-1. A copy of the press release is attached to this Report as Exhibit 99.1 and it is incorporated herein by reference. Item 9.01 Financial Statements and Exhibits - -------------------------------------------- (c) Exhibits Exhibit No. Description 10.1 Master Services Agreement, dated November 30, 2004, between the Registrant and ThinkFire Services USA, Ltd. 99.1 Press Release, dated December 2, 2004, regarding the Registrant's Master Services Agreement with ThinkFire Services USA, Ltd. SIGNATURE 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. NETWORK-1 SECURITY SOLUTIONS, INC. Dated: December 2, 2004 By: /s/Corey M. Horowitz ----------------------------- Name: Corey M. Horowitz Title: Chairman & Chief Executive Officer EXHIBIT INDEX Exhibit No. Description 10.1 Master Services Agreement, dated November 30, 2004, between the Registrant and ThinkFire Services USA, Ltd. 99.1 Press Release, dated December 2, 2004, regarding the Registrant's Master Services Agreement with ThinkFire Services USA, Ltd.