TAO (not the individual Countries) is the one offering Globetel the Exclusive rights to sell there products in those territories.
This first completion phase provides the Company with an exclusive license to market and sell low,medium, and high altitude platforms and other products conceived by TAO to interested commercial,governmental and military clients in the United States, Canada, Mexico and Chile.
What stands out is the fact Jon seems to want those Rights ASAP.
TAO has agreed to convey to GlobeTel, within 10 days,
certain licenses and sales rights to its lighter-than-air, remotely operated airships for a combination of cash and GlobeTel shares. The second phase of the transaction, which will include the formation of Sanswire-TAO GmbH as previously contemplated, is expected to occur within ninety days.
