Lastly, Atari and Animoca Brands have reached an agreement in principle for a token swap of Atari Tokens and tokens owned by Animoca Brands, in limited amounts of less than US$100,000
. Transaction detailsAs consideration for the expanded licensing arrangements provided by the Amendment, the Company will pay to Atari a minimum guarantee against future revenues payable through the issuance of 18.7 million shares of the Company priced at A$0.21 per share. The entirety of this license fee is recoupable against royalties paid to Atari from the revenue generated by the Games.As consideration for the exclusivity for Atari’s VCS game console, Animoca Brands will pay a minimum guarantee against future revenues to Atari of US$320,000, payable before 31 July 2021 at its discretion in cash or through the issuance of 2.2 million shares of the company priced at A$0.21 per share.
early August
also, the Atari VCS Blockchain is now live wish them well
AB1 Price at posting:
18.0¢ Sentiment: Buy Disclosure: Held
