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Re: powerbattles post# 4641

Tuesday, 07/17/2018 2:07:58 PM

Tuesday, July 17, 2018 2:07:58 PM

Post# of 12500
THEY INK CONTRACT PARTNERSHIP WITH RelifyTime, LLC

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.

During the royalty period, Sirrus Security will provide maintenance and support for product. Any support and maintenance services, updates, versions or new releases after the expiration of the royalty period shall be contracted under a separate agreement between the parties to be executed no later than 30 days prior to the end of the royalty period.



"The agreement is still in effect as of the date of this filing, and our company is continuing to work with the partner to complete the expected goals of the agreement.

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