InvestorsHub Logo
icon url

E A

11/16/21 4:24 PM

#146297 RE: Replacement #146294

Yes. TTCM has a license agreement for AKnet. The terms are below and can be found in the 10-K filed this year. https://sec.report/Document/0001477932-21-001762/ttcm_10k.htm

October 17, 2018, we signed an agreement with Arknet to license certain technologies related to the Klickzie ArK.. The initial license fee is $100,000.

The annual maintenance fees are:


·
$200,000 for the calendar years 2020 and 2021

·
$300,000 for the calendar years 2022 and 2023 and

·
$400,000 for the calendar year 2024 and each subsequent calendar year during the term of the agreement.

·
7.5% of net sales.