other material
confidence high
sentiment neutral
materiality 0.50
GBT grants Touchpoint IP license for IoT/AI digital currency tech; receives 10M shares
GBT Technologies Inc.
- 5-year worldwide license for GBT's IoT/AI mobile digital currency tech; earned royalties based on actual use.
- Touchpoint issued 10M common shares to GBT as license fee; GBT now holds 20M Touchpoint shares.
- On Jan 28, GBT bought 10K Series A Preferred shares for $125K; converted into 10M common shares on Feb 23.
- No minimum royalty obligation; Touchpoint must exercise diligence in commercializing the technology.