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“ The Transaction
Under the terms of the Agreement, all of the assets of Money Line will be rolled into a newly incorporated Canadian company, ZeU Gaming Inc. (the 'Corporation'). Upon completion of the Agreement, ZeU will acquire 100% of the issued and outstanding shares of Money Line and its US subsidiary (the 'Transaction').
The aggregate purchase price payable by the Buyer to the Sellers for the Purchased Shares shall be an amount equal to CDN$1,501,500, which shall be paid and satisfied as follows:
CDN$250,000 principal amount of convertible debentures of ZeU Gaming Inc.
1,500,000 non-transferable common share purchase warrants of ZeU Technologies Inc. with each Warrant entitling the holder thereof to acquire one common share of ZeU at a price of CDN$0.91for a period of 24 months following the Closing Date.
In addition, subjectto the completion of the following milestones, ZeU Gaming Inc. will pay up to CDN$1,250,000 in milestones bonuses, which shall be paid and satisfied in principal amount of ZeU Gaming Inc. Debentures as follows:
CDN$250,000 payable upon Money Line's launch of www.Moneylinesports.tv streaming site andlive games;
CDN$250,000 payable upon Money Line'sonboarding the first 5000 activerecurring players and subscribers of Money Line streaming sports service;
CDN$250,000 payableupon Money Line reaching CDN$250,000 quarterly revenue;
CDN$250,000 payable upon Money Line's onboarding an additional 20,000 active recurring players and subscribers (25,000total) of Money Line streaming sports service;
CDN$250,000 payable upon Money Line's onboarding an additional 25,000 active recurring players and subscribers (50,000 total) of Money Line streaming sports service.”
Why was it halted for 5 years?
ZEUCF !! Mula Evolution Creates Generational Shift in Blockchain Use for Communications
Montréal –TheNewswire -December 14, 2020–ZeU Technologies Inc.(CSE:ZEU)(OTC:ZEUCF) is pleased to provide an update on the advancements of the Mula Platform and suite of products, as well as an update on the previously announced Prego acquisition and integration and other initiatives.
Mula Platform & Eco-System
The Mula Platform, engineered around the core MulaMail application, has been completely redesigned over the last five months. Certain obligations, like the “Legal Intercept” were impossible to meet due to a bulletproof security design. These obligations challenged some basic concepts at the core of the technology and forced the designers and engineering team to propose fundamental changes. Management is pleased to report that these challenges have been met. The resulting solutions represent a generational shift in the way people should use blockchain as the basis for communications. Furthermore, the efforts have resulted in a significant sum of intellectual property of which many parts are important enough to require the filing of new patents. The Company expects to provide further disclosure on that topic as soon as the provisional patents have been filed.
The New Mula Project
The redesigned and redefined Mula Project covers more domain than the previous iteration. It has also been further opened to third-party applications, community, and open-source efforts.
The core of the platform and the engine of its ecosystem remains the MulaMail module. Built as a digital wallet, MulaMail content is encrypted end-to-end. It does not allow the Company or Regulatory and Governmental parties to access any type of “back-door” or “master key”. The Company currently plans to use commonly compatible high encryption in its first commercial iteration. Some customized versions of the application will be able to deploy ZeU’s quantum-proof encryption at a later stage. The design team is studying the possibility to allow the users to choose their own encryption in some cases. Open-source contribution would help maintain and improve the application over time and can be done in parallel to the Company’s own improvement efforts. The content of MulaMail messages does not sit on a public blockchain but semi-centralized databases (70/30) being local hosts or permission-based “private” blockchain protocols. Without disclosing what will be the content of one or a few provisional applications, the Company’s management believes that the solutions developed sufficiently maintain a level of decentralization and distribution to adhere to its core principle while meeting the “Five-Eyes” countries “Legal Intercept” obligations.
Overview of the Platform
The Company believes that this version of the Mula Platform will be a powerful communication and DeFi tool. Its marketplace should grow and evolve in an organic and potentially viral manner.
To achieve this kind of growth, the platform’s new design now includes multiple APIs that will enable third-party development and connectivity. Owners of other e-services or applications, as well as community developers and influencers, will be able to leverage Mula to grow their own DeFi offerings. Mula will also provide more development freedom by allowing developers and power users to replace some components with their own, including Open Sources initiatives. The end-users will be able to swap these components to modify their experience. For example, the new design now integrates an open-source initiative backed by Google that will allow ZeU to reduce the development time required to code an Ethereum or ETH gateway within its “Builder” module. The builder module will contain the simplified programming language of the platform. It will allow third parties, from high-level engineers to simple users, to build their own smart contracts and small to sizeable DeFi applications within the Mula Platform. It will use MulaPay as the core utility stable token for all transactions with swap access to a large number of mainstream digital assets. There will be the possibility to connect to legacy financial services via the connectivity to ZeUPay, the suite of financial, payment, and custodial services allowed with the integration of Prego.
The Mula Platform should allow users to leverage their social, real-life, and business networks to improve and augment their offerings and revenues. For example, someone with a “network sales” home business selling cosmetics will be able to integrate their personal business page with Mula quickly, build a discount and/or a loyalty program with its own child-token derived from MulaPay, and develop all the smart-contracts required to automatically run the operation by using the Mula Smart-Contract Builder module’s wizard. That person will be able to add to their offerings by connecting other business offers existing in the Mula ecosystem and automatically generate additional revenue.
Below is the overview of the platform. Its current design includes the MulaMail application that gives access to all the other modules. MulaMail is the blockchain email application that is end-to-end encrypted, but that now allows employers to deploy their own set of accounts to have authenticated access. Enterprises will be able to deploy their own ZeU blockchain protocol nodes and leverage resources from outside of their private network. Offline usage of the email application has also been addressed and is now possible without compromising its security.