Replies to post #27247 on Infrax Systems Inc (IFXY)

[pj123]

6. Stock Issuances

FutureWorld has issued 50,000,000 shares of common stock, par value $0.0001, to Infrax Systems for the Agreement dated June 30th,


2014. The agreement allows FutureWorld to use Technologies behind CannaTRAK(TM), SmartSense(TM), SmartNergy(TM) with CaNNaLyTiX(TM) and its' Asset Management Software (Secure Intelligent Devices (lights, LEDs, & systems) with embedded two way communication systems dispensing critical real time information, management and controls) developed by Infrax Systems. The term of the agreement is for a period of 10 (ten) years. This Agreement shall be renewable at the end of the current term for a successive term of five (5) years. FutureWorld shall hold the rights to the Intellectual Property with respect to Cannabis Industry as it relates to products developed for specific applications such as growth management, analytics, energy management etc. FutureWorld agreed to pay Infrax Systems a one-time fee of Two Million Dollars ($2,000,000) in cash or 50,000,000 shares of common stock, par value $0.0001, for use of the Products and their related IP

GO---IFXY