MyECheck, Inc. (fka MYEC)

[Mistral]

The License Agreement with Centric Gateway is always available in the iBox Customer Table, and is linked below.

http://www.sec.gov/edgar/searchedgar/companysearch.html

The original MOU provided a three-part License Fee which totaled six figures. Under that Agreement, the second portion was due upon launch. As Ed noted late in 2015, the Scope changed. It seems likely the expansion of the project would produce a different fee structure. We haven't been informed.

The original MOU expired February 2016 and was replaced by Exhibit 10.1 to the 8-K issued March 7, 2016.

On March 7, 2016, MyECheck, Inc. (“Company”) entered into a software license and agency agreement (the “License Agreement”) with Centric Gateway Limited (“Licensee”) to market and distribute Company’s proprietary payments processing technology throughout the continent of Africa. The initial term of the License Agreement is five (5) years. Under the terms of the License Agreement, Company will also provide implementation and maintenance services for the licensed products.

The Company intends to submit a Freedom of Information Act Confidential Treatment Request to the Securities and Exchange Commission pursuant to Rule 24b-2 under the Securities Exchange Act of 1934, as amended, requesting that it be permitted to redact certain portions of the License Agreement. The omitted material will be included in the request for confidential treatment.

KEEP IN MIND THE LICENSE AGREEMENT WITH THE SECOND AFRICA BANK HAS YET TO BE ANNOUNCED.