Ability Inc. (ABIL)

[TheFinalCD]

YESTERDAYS 6-K A/H NEWS As previously disclosed, Ability Computer & Software Industries Ltd. (“Ability”), a wholly-owned subsidiary of Ability Inc. (the “Company”), entered into a Reseller Agreement, effective as of October 20, 2015, with a third party supplier who develops and licenses to Ability on an exclusive basis Ultimate Interception (ULIN), the Company’s principal cellular interception system that it offers (the “Reseller Agreement”). On August 7, 2018, Ability entered into an amendment to the Reseller Agreement which, effective as of October 20, 2018, extends the term of the Reseller Agreement until January 31, 2019. In addition, under the amendment, Ability’s minimum monthly commitment has been reduced from $125,000 to 30,000 Euros, effective as of October 20, 2018. As part of the amendment, the parties agreed to negotiate in good faith the acquisition of certain rights under the Reseller Agreement, with the intent that the terms of such acquisition shall be agreed upon on or prior to January 31, 2019.

ABIL
https://ih.advfn.com/p.php?pid=nmona&article=78026951