$SANP BINDING MEMORANDUM OF UNDERSTANDING
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Posted On: 09/30/2019 11:59:10 AM
$SANP
BINDING MEMORANDUM OF UNDERSTANDING
https://backend.otcmarkets.com/otcapi/company...98/content
(My Selected Notes).........from "MOU"
This Binding Memorandum of Understanding (the "MOU"
is made effective as of the 20 day of September, 2019 , by and between SANTO MINING CORP. (“SANP”), a Florida corporation, and Infinity Blockchain Labs
Taiwan Ltd., a Taiwan Company, (“IBL”).
D. Whereas it is further acknowledged and agreed that said Joint Venture Entity and the related agreements pursuant to the terms and conditions of this MOU shall be negotiated and completed not later than three (3) months after the effective date of execution of this MOU ..........(Around late Dec 2019)
1. Purpose. The purpose of this MOU is to formally create a basic agreement between the Parties on establishing the Joint Venture Entity providing technical solution for the global medical/industrial/regulated cannabis industry
(collectively called as the “Cannabis industry”),
to which IBL shall provide its white-label blockchain traceability application software to obtain: 50% ownership of the Joint Venture Entity; 30% preferred “A” shares of SANP, 3 seats at the board of director of the Joint Venture Entity; 2 seats at the board of directors of SANP ; and service agreements with the Joint Venture Entity.
b. SANP will provide a public entity in which the Joint Venture Entity will be a subsidiary . SANP will upload its year-end 2018 financial statements, semi-annual 2019 financial statements, year-end 2018 information and disclosure statement and legal opinion for the OTCMarkets .
iii. Hereby agrees, on its behalf, on behalf of its owners, directors, shareholders, employees, and independent contractors, and on behalf of any entity owned in full or in part by IBL, to a gag order as to any and all SANP business dealings, business relationships, potential business dealings and relationships, SANP employee information, and any other aspect of SANP that is not already a matter of public record. IBL’s breach of this provision, absent advance written acknowledgment and written permission of SANP, and especially given the fact that SANP is a publicly traded company, shall be deemed intentional misconduct and a material breach of this MOU
Santo Mining Corp.
Attn: Mr. Franjose Yglesias, President and CEO
Address: 284A Nam Ky Khoi Nghia, Ward 8, District 3, Ho Chi Minh City, Viet Nam 7000
Tel: 786-901-9526
Email: frank@sanp.us
Infinity Blockchain Labs Taiwan Ltd.
Attn: Mr. Junya Yamamoto, CEO
Address: 7F., No. 45, Sec. 1, Fuxing S.RD., Songshan District,Taipei City 10556, Taiwan (R.O.C.)
Email: yamamoto@blockchainlabs.asia
BINDING MEMORANDUM OF UNDERSTANDING
https://backend.otcmarkets.com/otcapi/company...98/content
(My Selected Notes).........from "MOU"
This Binding Memorandum of Understanding (the "MOU"
is made effective as of the 20 day of September, 2019 , by and between SANTO MINING CORP. (“SANP”), a Florida corporation, and Infinity Blockchain Labs Taiwan Ltd., a Taiwan Company, (“IBL”).
D. Whereas it is further acknowledged and agreed that said Joint Venture Entity and the related agreements pursuant to the terms and conditions of this MOU shall be negotiated and completed not later than three (3) months after the effective date of execution of this MOU ..........(Around late Dec 2019)
1. Purpose. The purpose of this MOU is to formally create a basic agreement between the Parties on establishing the Joint Venture Entity providing technical solution for the global medical/industrial/regulated cannabis industry
(collectively called as the “Cannabis industry”),
to which IBL shall provide its white-label blockchain traceability application software to obtain: 50% ownership of the Joint Venture Entity; 30% preferred “A” shares of SANP, 3 seats at the board of director of the Joint Venture Entity; 2 seats at the board of directors of SANP ; and service agreements with the Joint Venture Entity.
b. SANP will provide a public entity in which the Joint Venture Entity will be a subsidiary . SANP will upload its year-end 2018 financial statements, semi-annual 2019 financial statements, year-end 2018 information and disclosure statement and legal opinion for the OTCMarkets .
iii. Hereby agrees, on its behalf, on behalf of its owners, directors, shareholders, employees, and independent contractors, and on behalf of any entity owned in full or in part by IBL, to a gag order as to any and all SANP business dealings, business relationships, potential business dealings and relationships, SANP employee information, and any other aspect of SANP that is not already a matter of public record. IBL’s breach of this provision, absent advance written acknowledgment and written permission of SANP, and especially given the fact that SANP is a publicly traded company, shall be deemed intentional misconduct and a material breach of this MOU
Santo Mining Corp.
Attn: Mr. Franjose Yglesias, President and CEO
Address: 284A Nam Ky Khoi Nghia, Ward 8, District 3, Ho Chi Minh City, Viet Nam 7000
Tel: 786-901-9526
Email: frank@sanp.us
Infinity Blockchain Labs Taiwan Ltd.
Attn: Mr. Junya Yamamoto, CEO
Address: 7F., No. 45, Sec. 1, Fuxing S.RD., Songshan District,Taipei City 10556, Taiwan (R.O.C.)
Email: yamamoto@blockchainlabs.asia
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