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Monday, March 08, 2021 12:23:58 PM
On March 4, 2021, Max Sound Corporation (the “Company”) entered into a license agreement with Tip Solutions Inc. (“TIP”) for ten years that includes an initial licensing fee paid to the Company of $100,000 with at least an additional $100,000 annually for ten years going forward to maintain license exclusivity creating an aggregate value to the Company of at least $1,100,000 for said license. The Company expects significant additional opportunity and projectible income to be qualified in the future as a benefit due to the potential for Revenue Sharing under Table D of the agreement
https://www.marketwatch.com/investing/stock/maxd/financials/secfilings?docid=14781738
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