Contract
This license Agreement (this "Agreement') is entered into as of April 27, 2018 which clarifies a verbal agreement June 20, 2016 by and between DG Ventures, inc. (licensor) a Corporation existing under the laws of Oregon located at 0000 XX Xxxxxxx Xxx 2 m' Floor Xxxxx 00 Xxxxxxxx, XX 00000 and Jetblack Corp., (Licensee; a Corporation existing under the laws of Nevada located at 0000 XX Xxxxxx Xxxx Xxxxx 0 Xxxxxxxx, XX 00000.
WHEREAS, the technology defined below, software owned by DG Ventures, Inc. which includes fintech source code and the Gabbb social network, was created and funded by DG Ventures, Inc. Gabbb is a social network which has a browser version found at Gabbb.comi iOS app, and an Android app. This software includes a bundle of fintech source code.
WHEREAS, Jetblack Corp. has obtained exclusive revocable license rights
WHEREAS, 1etblack Corp. issued 350,000,000 shares to Xxxxxx X. Xxxxxx president of DG Ventures, Inc., in July of 2016 for software named. Jetblack Corp. agrees to take over all costs for development on April 1, 2018. In addition agrees to make a final installment payment to the loan to related shareholder Xxxxxx X. Xxxxxx that can be found in the 2017 annual financials for Jetblack Corp. Xx. Xxxxxx has made capital expenditures on behalf of the company. At the end of 2017 these expenditures totaled $49,514.55 and continue to this date.
WHEREAS, Jetblack Corp. has agreed to pay the final installment for Xxxxxx X. Xxxxxx'x expenditures on behalf of Jetblack Corp. which is TBD. Once final payment is made, Jetblack Corp. will have exclusive ownership of software named.
WHEREAS, both parties agree hereto to indemnify, defend, and hold harmless Jetblack Corp. and it's current and former directors and officers in addition to DG Ventures, Inc., and it's current and former directors and officers.
WHEREAS, This Agreement will be governed by, and construed in accordance with, the laws of Oregon.
THEREFORE, the parties hereto, intending to be legally bound, hereby agree as detailed above.
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IN WITNESS WHEREOF. the parties have caused this Agreement to be executed by their duly authorized representatives as of the date first written above
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| Licensee |
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| /s/ Xxxxxx X. Xxxxxx 4/27/18 |
| /s/ Xxxxxx X. Xxxxxx 4/27/18 |
| Signature Date |
| Signature Date |
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| Xxxxxx X. Xxxxxx |
| Xxxxxx X. Xxxxxx |
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| President |
| Director & President |
| Title |
| Title |
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