other_material
confidence high
sentiment neutral
materiality 0.30
Summit Networks amends profit-sharing deal with Zenox to add Web3 dual-track system
Summit Networks Inc.
- Switched from Web2-only to dual Web2/Web3 framework; net profit redefined as service fees minus applicable taxes.
- Annual profit sharing confirmed by joint internal audit team; Zenox pays CAD $10,000 technical support fee.
- Company to cover technical upgrade, DAO expansion, and compliance maintenance costs once platform generates revenue.
- Zenox responsible for healing content operation, community organization, and leasing SaaS/API services.
- Amendment approved by board on Aug 11, 2025, clarifying original 10-year agreement from March 28, 2025.
item 1.01item 9.01