Details of the operations of our subcontractor
7Ways.com are given in an
attachment to this document 7Ways Corporate Information. Further details are
also given as part of their technical analysis in Section III Technical
Capabilities and Plan.
Although an agreement has not yet been signed we
are in agreement on the
general terms which are:
(1) 7Ways.com will establish and run all computational operations of the new
(2) We will provide the computer equipment necessary for them to start the
(3) We will pay the an annual fee of $500,000 or 5% of revenues from
registrations, whichever is greater.
(4) The will bear all ongoing costs, including staffing, of running the
computational aspects of the Registry
(5) The contract term will be 5 years.