Services Agreement coming up on week 7
posted on
May 28, 2019 11:26AM
Agreement between Atrius and Patriot entered into April 12, 2019. Hopefully we will hear a progress report soon.
EXHIBIT A
SERVICES AND COMPENSATION
Service/Task | Deliverable | Due Date |
Budget (Expenses and Consultant Fees) |
Total Budget: Hours |
Opportunity Analysis • Identify MVP opportunities in each area of interest • Identify blockchain technology platforms to evaluate including Cost/Benefits • Define successful outcomes |
SWOT Analysis (Includes potential candidate MVPs for exploration) Updated SWOT: Analysis including Progress/Planning Report |
Wk 2 Wk 3 -6 |
Consultant fees:$150/hr x 56 hours | $8,500.00 |
Evaluate potential for collaboration with knowledge providers : Manufacturing Diagnostics clinical development Therapeutic clinical development Research and development |
Weekly: Collaborator Identification Report Final listing of collaborators Draft agreements to develop real world examples of block chain utilization |
Wk 2
|
Consultant fees: $150/hr x 96 hours | $15,000.00 |
Evaluate potential for collaboration with knowledge providers : Travel |
Travel | Wk 2 - 4 | $10,000.00 | |
Determine strategy for additional fundraising activities: • ICO • Security Token • Traditional financing • US/ex-US • Exchange |
Financing Viability Report | Wk 4 | Consultant fees:$150/hr x 56 hours | $8,500.00 |
Determine strategy for additional fundraising activities | Travel | Wk 2- 4 | $10,000.00 | |
Strategic Recommendations • Marketing • Business Model • Management Structure • Economic • Exit Strategy |
Preliminary Strategic Opportunity Report Proposed Organizational Chart |
Wk 5
|
Consultant fees: $150/hr x 160 hours | $24,000.00 |
Technical Viability
|
Technical Assessment Report Including: Viable partnership and platform recommendations | Wk 5 |
Consultant fees: $150/hr x 160 hours |
$24,000.00 |
Technical Viability | Travel |
Wk 2- 4
|
$15,000.00 | |
Strategic evaluation of information |
Executive Summary with Recommendations
Draft Management/Investor Presentation
Final Executive Summary and Presentation |
Wk 7
Wk 7
Wk 8 |
Consultant fees: $150/hr x 240 hours |
$36,000.00 |
TOTAL | $151,000.00 | |||
https://www.sec.gov/Archives/edgar/data/836564/000168316819001027/patriotscientific_ex1001.htm