HPTO 8k showing 7 patents sold to salesforce.com for $400K cash; arourd 50 patents remaining to be sold
Item 1.01 Entry into a Material Definitive Agreement
On October 10, 2017, the hopTo Inc. (the “Company”) and salesforce.com entered a Patent Purchase Agreement (effective as of October 5,2017), pursuant to which the Company sold seven of its patents for an aggregate consideration of $400,000, and also received, subject to various terms, conditions and limitations, a license back of those patents. The patents sold were U.S. Patent numbers: 9395826, 9398111, 9419848, 8745280, 8892782, 8738814 and 8856907.
Share Structure
Market Value1 $394,985 a/o Oct 16, 2017
Authorized Shares 195,000,000 a/o Dec 31, 2016
Outstanding Shares 9,404,400 a/o Aug 11, 2017
