Collaboration Agreement Details Parties Family Zone and...

Collaboration Agreement Details
Parties Family Zone and Netsweeper Inc
Key Terms Collaboration Agreement, superseding a Master Services Agreement.
Term of 2 years with automatic two year extensions, unless terminated by either party.
Family Zone is obliged to enable Netsweeper categorisation services into its education
platform by 31 July 2018.
The parties agree to work together to develop an interface between Netsweper’s in-line
telco services with Family Zone’s ecosystem. Actual deployment of a production interface is
subject to reaching agreement with Netsweeper’s telco clients.
Agreement sets out wholesale charges for Netsweeper categorisation services to Family
Zone during the term of the Collaboration Agreement.
Agreement provides for the prepayment of $1 million of categorisation services by Family
Zone to Netsweeper through the issue of 2,087,436 new shares in the Company. The issued
shares are subject to a voluntary escrow, being progressively released as Family Zone’s use
of Netsweeper services consumes the prepayment. Each month Netsweeper will issue
Family Zone with an invoice for applicable charges and the associated shares that shall be
released from escrow. Under the agreement the prepayment is required to be fully
consumed within the 2 year initial term.
Materiality and
Projections
We are unable to forecast the potential revenue from this agreement or its financial
materiality. The Company however considers this to be a strategically important agreement
given the Company’s commercialisation strategy.

Nothing 'Landmark' about it.