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Thursday, December 09, 2021 1:16:53 AM
OFFERING CIRCULAR SUPPLEMENT NO. 2
Date of Qualification of the Offering Circular: October 8, 2021
December 6, 2021
CarbonMeta Technologies, Inc.
f/k/a
CoroWare, Inc.
13110 NE 177th Place, Suite 145
Woodinville, WA 98072
Debt Settlement Agreement
On October 25, 2021, CarbonMeta Technologies, Inc. (f/k/a/ CoroWare, Inc.) (the “Company”) entered into a Debt Settlement Agreement (the “Agreement”) with RBB Capital, LLC (the “Creditor”). Under the terms of the Agreement, the Creditor agreed to accept payment in the amount of $20,000 as full consideration of all outstanding principal and interest ($50,936) on the Convertible Promissory Note (the “Note”) issued by the Company dated June 2, 2011 and subsequently assigned to the Creditor on April 1, 2014. Payment was made to the Creditor on November 12, 2021.
Technology License Agreement
On December 2, 2021, CarbonMeta Technologies, Inc. (f/k/a/ CoroWare, Inc.) (the “Licensee”) entered into a License of Technology Agreement (the “Agreement”) with Ecomena Limited (the “Licensor”). Under the terms of the Agreement, the Licensor shall grant the Licensee a five-year license related to the recycling of industrial byproduct and demolition materials into manufacturing cement free pavers and mortars that absorb carbon dioxide. As consideration for the Licensee granting the Licensor the license, the Licensee shall pay to the Licensor a £20,000 signing fee and issue the Licensor 160,000,000 share of common stock. In addition, the Licensor shall pay the Licensee a 5% royalty based on gross revenues generated by product sales.
The Agreement includes representations, warranties and covenants, and conditions to closing, royalty and payment obligations and termination provisions.
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