CL8 - Agreement With UBER!!!!, page-206

It's clear once we achieve a significant vehicle supply contract the business will rapidly grow as vehicle renting is not the issue as proven by the UberX article. . . .

We really need further information about:-

"The DriveMyCar business unit has signed an agreement for the licensing of its peer-to-peer car rental technology platform to facilitate the booking of vehicles managed by a third party fleet manager. The licensing agreement involves the development of some additional specific functionality for the third party client to enable them to list vehicles, process bookings, manage approvals and view reporting. In addition, the licence allows for the third party vehicles to be made available for rent on the DriveMyCar platform when they are not otherwise utilised, thus increasing the available supply of vehicles to DriveMyCar customers. In recognition for the provision of the development services, DriveMyCar will earn an upfront fee for functionality development and will also receive ongoing fees as a percentage of revenue for all bookings processed by the fleet manager through the system. This licensing agreement takes advantage of the investment already made in the DriveMyCar platform and delivers additional revenue without increasing cost of sales or any material additional ongoing expenses."