"In June 2018, the Company and BlockSafe amended t
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Posted On: 08/16/2018 3:03:41 PM
"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 huge and significant, as some would say this is nothing tiny! Look out above my friends.
This is huge and significant, as some would say this is nothing tiny! Look out above my friends.
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