(Total Views: 387)
Posted On: 08/17/2018 12:07:14 PM
Post# of 82689
HI there everyone !
This is my first post here but I've been following you guy's for more than two years and I have been buying since
Correct me if I'm wrong but to me it seems the 5M is from Blocksafe and not from ACS .. ?
Grtzzz
In June 2018, the Company and BlockSafe amended their management agreement. Pursuant to the terms of the amended agreement, BlockSafe shall remit a management fee of $36,000 per month to the Company, retroactive to January 1, 2018 and for a three-year term. Once BlockSafe reaches a milestone of $1,000,000 in financing, an additional management fee of $5,000,000 shall be owed to the Company by BlockSafe in the form of a monthly payment of $138,889 for a period of three years. Additionally, the Company retains the right to use and market BlockSafe’s patent pending Blockchain Defender™ product, perpetually, for a royalty fee of 15%.
This is my first post here but I've been following you guy's for more than two years and I have been buying since
Correct me if I'm wrong but to me it seems the 5M is from Blocksafe and not from ACS .. ?
Grtzzz
In June 2018, the Company and BlockSafe amended their management agreement. Pursuant to the terms of the amended agreement, BlockSafe shall remit a management fee of $36,000 per month to the Company, retroactive to January 1, 2018 and for a three-year term. Once BlockSafe reaches a milestone of $1,000,000 in financing, an additional management fee of $5,000,000 shall be owed to the Company by BlockSafe in the form of a monthly payment of $138,889 for a period of three years. Additionally, the Company retains the right to use and market BlockSafe’s patent pending Blockchain Defender™ product, perpetually, for a royalty fee of 15%.
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