Wednesday, April 25, 2018 12:31:14 PM
On March 31, 2018, the Company entered into two agreements with BurstIQ Analytics Corporation, a Colorado corporation (“BurstIQ”),
a Simple Agreement for Future Tokens (the “SAFT”) and Simple Agreement for Future Equity (the “SAFE”). Pursuant to the SAFT and
the SAFE, the Company purchased (i) the right to a number of BIQ tokens equal to $2,500,000 divided by a 35% discount to the maximum
price per token sold by BurstIQ to the public during a network launch, and (ii) the right to a number shares of BurstIQ’s preferred stock
sold in a subsequent equity financing equal to $2,500,000 divided by a deemed $6.50 price per share, in consideration of the issuance of
an aggregate of 5,000,000 shares of the Company’s common stock to BurstIQ. The issuance of the rights to the Company are subject to
terms and conditions set forth in the SAFT and SAFE
https://backend.otcmarkets.com/otcapi/company/financial-report/191321/content
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