- Gex Management (OTCPK:GXXM) and Quad M Solutions (OTCPK:MMMM) have signed a technology support and marketing agreement.
- GXXM's expertise in blockchain, digital wallet and DeFi technology has supported Quad M Solution's transition to a insurtech and payment technology company.
- As part of the latest deal, GXXM will provide on going back office, tech support and product development. In return, it will receive $5 per employee per month for each employee with full insurance benefits.
- Additionally, the firms have agreed to an equity swap agreement with each party signing a two year lockup. GXXM will receive 10M common shares of MMMM, while MMMM will receive a convertible preferred into 20M shares of GXXM.
- The deal will enable GXXM to become a profitable and cash flow positive company.