i b z t

اول

عضو محترف
التسجيل
14 أبريل 2004
المشاركات
4,342
الإقامة
السعودية- الرياض
ياشباب هذا خبر ياليت احد منكم يتحفنا بالترجمه المظبوطه ورجا حار لاتكون ترجمه مواقع نبي ترجمه حقيقه تعطينا العلم وشو ارجوكم27-Jul-2004

Other Events, Financial Statements and Exhibits



ITEM 5. Other Events and Required FD Disclosure
On July 20, 2004, iBIZ Technology Corp. entered into a License and DistributionAgreement with Virtual Devices, Inc., a Pennsylvania corporation ("VDI"). iBIZwas granted an exclusive license to distribute the Stand Alone Accessory VirtualKeyboard Devices for personal digital assistants, mobile device and other touchpoint applications.

The price of the License and Distribution Agreement is $800,000, with $300,000paid upon execution and the balance to be paid upon certain milestones. Inaddition, iBIZ agreed to fund/and or supply in-kind services of approximately$200,000 and agreed to pay royalties.

The agreement is for 3 years and may be terminated upon 90 days notice prior tothe end of the term.





ITEM 7. FINANCIAL STATEMENTS AND EXHIBITS.

Exhibits.Number Description10 License and Distribution Agreement dated July 20, 2004
 
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