RE: Going backwards7 Oct 2021 08:10
Based on the initial statement of work in the Agreement, Fusion will receive a minimum of US$1.83 million of fees over the next two years for the provision of its initial agreed scope of services, which will utilise the Company's af finity maturation platform, RA MP(TM) . Subject to the outcome of the works undertaken, there is a framework for increased fee for service work within the Agreement. The Client has made an initial cash payment of US$318,000 to Fusion upon the signing of the Agreement with the remaining consideration payable at pre-agreed intervals.