Asia Broadband Inc (AABB)

[TAZMANS]

Possibility: Part of 2019 Investment Received! "a $9 million minimum payment in 2019 to earn a further 10% interest"

The agreement guarantees a $34 million capital commitment allocated over a 3 year period on a time-lined payment schedule to earn-in a maximum 40% equity interest in the Company. The schedule consists of a $5 million initial payment that has now been received earning a 6% equity interest, a $9 million minimum payment in 2019 to earn a further 10% interest, a $10 million minimum payment in 2020 to earn a further 12% interest and a $10 million minimum payment in 2021 to earn a further 12% interest.


TAZ