That's INCORRECT and folks should take the time an

Message Board

Previous

| Next

Post# of 82690

(Total Views: 401)

Posted On: 10/26/2018 6:57:22 PM

Posted By: RDY2ROCK

Re: Mrdrifter #40795

That's INCORRECT and folks should take the time and read the APLA about their investment!

If they don't pay the promissory note by 30 SEP 2020 ACS loses out, which of course they will pay!

ACS products exist because of $SFOR IP, which also includes OOB/MFA the Crown Jewels! $SFOR developed their Dashboard Suite!

https://www.sec.gov/Archives/edgar/data/12855...r_ex21.htm

Quote:
1.1.5.1.) Until September 30, 2020, even if the Asset Purchase Promissory Note (see paragraph 3.1.3, below) is executed and paid in full prior to that time, CSI shall be obligated to pay to STI the Percentage Payment (as defined in paragraph 3.1.3.4, below); however, if the Malware Suite includes ProtectID, then the 15% amount referenced in paragraph 3.1.3.4, below, shall be modified to be 20%.

Quote:
1.1.5.3.) Following payment in full of the Promissory Note, as CSI will own the “GuardedID” and “MobileTrust” software and the underlying patents, subject to 1.1.5.4, below, the Percentage Payment obligation will continue until September 30, 2020, and then be terminated.

And then....

Quote:
1.1.5.4.) Following September 30, 2020, even if the Asset Purchase Promissory Note (see paragraph 3.1.3, below) has been paid in full, in regard to CSI Net Amount Received (as defined in paragraph 3.1.3.4, below) received in regard to sale or licensing of the White Label Products which include the ProtectID software product, CSI shall pay to STI fifteen percent (15%) of one-half (1/2; i.e., 50.00%) of the CSI Net Amount Received (as defined in paragraph 3.1.3.4, below).