other material
confidence high
sentiment neutral
materiality 0.40
GBT Technologies enters revenue sharing deal with Mahaser; deferral until $1M revenue
GBT Technologies Inc.
- Entered Revenue Sharing Agreement with Mahaser Ltd. for 95% of e-commerce revenue from Ravenholm Electronics platform.
- Consideration: $100,000 cash and 1,000,000 restricted common shares; deferred via Amendment No. 1 until $1M revenue generated.
- Initial term March 1, 2022 to Dec 31, 2022; optional extension for $200,000 in shares annually.
- Company may appoint a manager to Mahaser; no further payment obligations beyond initial consideration.