RE: 31 dec 20264 Jan 2026 22:36
Hi miningforgold,
Very good posts from you over the last few days.
What do you think of this.
“Pursuant to the Joint Venture Agreement, OneShop Retail will receive a carve-out from MobilityOne of certain e-voucher business lines and customers, totaling $125 million in annual revenue for 2026 (the “Revenue Target”) or any other period as agreed upon by the parties. The annual revenue of $125 million for 2026 is unconditionally guaranteed by MobilityOne in accordance with the terms of the Joint Venture Agreement. In order to achieve the Revenue Target, Super Apps will undertake to provide all the necessary working capital requirements of OneShop Retail. The parties expect that MobilityOne’s revenue guarantee and Super Apps’ undertaking to provide the necessary working capital requirements to OneShop Retail will be accounted for as a contingent liability for MobilityOne and Super Apps, respectively, until it is highly likely that the $125 million Revenue Target will be met. Immediately following the Business Combination and until such time as Super Apps is able to derive alternative sources of revenue, Super App’s operating revenues will be derived from its 60% equity interest in OneShop Retail”