Decentral Life Inc (WDLF)

[farml1234]

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intuition

Re: None

Saturday, August 28, 2021 12:28:36 AM

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Response from Social Life Network on NetQub...

NetQub is the accelerator for the licensees in the Social Life Network (SLN) incubator program (and other startups that do not make it to the SLN Tech Business Incubator program). NetQub helps them raise their startup capital, set up their legal and accounting systems, corporate frameworks, etc. in other words, “go-to-market”.

NetQub is owned by 200+ Investors & Advisors. It was formed in 2016 (at the time of formation it was named Sports Social Network, but has since changed its name to NetQub). You will see the reference to the SaaS license agreement between SLN and Sports Social Network dating back to the 2016 10-Q and 10-K filings.

The investors and advisors in NetQub fund the start-ups and help them through their seed rounds. After their seed capital has been raised, and each company is through their accelerator program, they can graduate to the SLN TBI program.

This partnership model between SLN and NetQub increases the probability of each TBI licensee having the growth momentum to succeed. It removes the financial expense from SLN as a TBI, keeping overhead and liability of each licensee at a minimum. In other words, it minimizes the possibility a TBI licensee fails in the SLN program, by placing that upfront risk on NetQub first.

We hope that clears it up for you, but please let us know if you have additional questions.