Posted On: 03/22/2016 3:36:43 PM
Post# of 12927
$WEYL 1.15 going in power hour! 8k out here: ITEM 1.01 ENTRY INTO A MATERIAL DEFINITIVE AGREEMENT
On March 14, 2016 the company signed an exclusive Software Licensing Agreement ("SLA"
with IAM, Inc. ("IAM" to distribute CreateApp in the Republic of Korea.
IAM will pay Weyland Tech a $20 monthly fee per active subscription of the Technology, branded as CreateApp, and $15 monthly fee per active subscription of the Technology, under the white-label basis, that is deployed by IAM.
IAM is owned and managed by former executives in the Korean Internet, Online Gaming and e-commerce/m-commerce industries, including NCSoft, NHN Naver, Lotte.com and SimpleX Internet.
The above descriptions of the Agreement is qualified in its entirety by reference to the forms of such document attached as Exhibit 10.1 to this Current Report on Form 8-K.
https://biz.yahoo.com/e/160316/weyl8-k.html
On March 14, 2016 the company signed an exclusive Software Licensing Agreement ("SLA"
with IAM, Inc. ("IAM" to distribute CreateApp in the Republic of Korea. IAM will pay Weyland Tech a $20 monthly fee per active subscription of the Technology, branded as CreateApp, and $15 monthly fee per active subscription of the Technology, under the white-label basis, that is deployed by IAM.
IAM is owned and managed by former executives in the Korean Internet, Online Gaming and e-commerce/m-commerce industries, including NCSoft, NHN Naver, Lotte.com and SimpleX Internet.
The above descriptions of the Agreement is qualified in its entirety by reference to the forms of such document attached as Exhibit 10.1 to this Current Report on Form 8-K.
https://biz.yahoo.com/e/160316/weyl8-k.html
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