The Crypto Company licenses TelBill software for $300K plus 19.98% warrants

Crypto Co

Non-exclusive license of TelBill fin-tech software for $300,000 paid per fee schedule.
Crypto Co. to pay TelBill infrastructure costs at actual cost with no markup.
TelBill receives 15% of net program profits from revenue generated using the software.
Crypto Co. issues warrants for 19.98% equity, 30-year term, vesting per schedule.
Agreement has 100-year term; both parties can terminate on written notice.

item 1.01 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

Crypto Co entered into Code Licensing Commercial Agreement with TelBill, LLC valued at $300,000 (effective 2023-08-31).

Action: entry
Agreement: license
Counterparty: TelBill, LLC
Value: $300,000
Effective: 2023-08-31

Exact text from the filing

On August 31, 2023, The Crypto Company (the “Company”) entered into a Code Licensing Commercial Agreement (the “Agreement”) with TelBill, LLC (“TelBill”), pursuant to which TelBill grants the Company a non-exclusive, worldwide, revocable, non-transferable, sublicensable, license to use and market its software and fin-tech products and services to the Company’s customers. In exchange, the Company will pay TelBill a sum of $300,000, paid in accordance with the fee schedule set forth in the Agreement.

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281 material agreements filed in the last 30 days. Browse all material agreements →

Crypto Co filing history →

Source: SEC EDGAR

accession 0001493152-23-031968

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