Protective Capital Structures Corp. (fka PCSO)

[GotX]

The Company has a licensing agreement with FirstAccess Partners, to use the Software, which offers wed-based processing for the following financing products:
BCLOC
Consumer CLOC
T-Cap
M-Cap
Under this agreement, entered into as of July 2003 and for a term of up to 72 months, the Company must pay FirstAccess Partners, $32,500 per month, in cash or common stock at the Company’s option, plus a royalty fee for each product processed. These payments shall begin on the first day after the Company receives funds from any financing product listed above. The controlling shareholders of FirstAccess Partners are the same controlling shareholders of the Company.
Operating Lease