other material
confidence high
sentiment neutral
materiality 0.60
Range Impact signs $576K AI platform deal with Vetted Portal; issues 500K-share warrant
RANGE IMPACT, INC.
- MSA with Vetted Portal for custom AI agent platform: $626K gross fees, $576K net after $10K credits per milestone M1-M5.
- Go-live targeted six months after Aug 17, 2026 signing; post-go-live managed services at monthly rate to be set separately.
- Warrant to Vetted Portal: 500K shares at $0.76, 5-year term, exercisable only after milestone M5 accepted; 90-day lock-up then leak-out limits.
- Vetted Portal gets exclusive arrangement: restricted from building similar AI for mining/reclamation industries after M5 without Range consent.
- IP: Range receives all milestone deliverables (excluding Vetted's pre-existing IP) upon full payment; source code and docs delivered at go-live.