Infrax Systems Inc (IFXY)

[1971]

Intellectual Property & licensing for CaNNaTRAK, SmartSense, CaNNaLyTiX.

On June 30th, FutureWorld Corp. (FWDG) signed an exclusive License Agreement with Infrax Systems, Inc. (IFXY) to use Technologies behind CannaTRAK(TM), SmartSense(TM), SmartNergy(TM) with CaNNaLyTiX(TM) and its' Asset Management Software (Secure Intelligent Devices (lights, LEDs, & systems) with embedded two way communication systems dispensing critical real time information, management and controls) in the Cannabis industry. The term of the agreement is for a period of 10 (ten) years. This Agreement shall be renewable at the end of the current term for a successive term of five (5) years. FutureWorld shall hold the rights to the Intellectual Property with respect to Cannabis Industry as it relates to products developed for specific applications such as growth management, analytics, energy management etc. FutureWorld agreed to pay Infrax Systems a one-time fee of Two Million Dollars ($2,000,000) in cash or 50,000,000 shares of common stock, par value $0.0001, for use of the Products and their related IP.
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