Sirrus Corp. (fka SRUP)

[bhonda]

Maybe we're about to hear some nice updates on this....

On May 8, 2017 (the "Effective Date"), Sirrus Security, Inc. ("Sirrus Security"), a Georgia corporation and wholly-owned subsidiary of the Company, entered into a Strategic Partnership Agreement with RelifyTime, LLC, a Nevada limited liability company ("Relify"), pursuant to which Relify has engaged Sirrus Security to develop and design a software applications program and hosting platform to be known as "Relify Time". As consideration for the development and use of the Product, Relify has agreed to pay Sirrus Security a royalty fee in an amount equal to 40% of the gross profit (gross sales less cost of goods sold), commencing on the date when Relify first sells licensed services incorporating the Product until an aggregate of $500,000 has been paid to Sirrus Security.