004 - Service Agreement

Proposal Summary: Enter into a Service Agreement with Leios to receive the Contrax platform and all related components, and receive support to keep all services running until there is a non-transferrable DAO token, in exchange for 20% of the DAO token with a 2 year release schedule.

Details: This proposal is for the high-level terms of a service agreement with Leios. The full agreement would be provided by the Leios team upon the passing of this proposal for the DAO to vote on.

Leios will give Contrax the platform in whole, with all related accounts, and provide support in ensuring the platform stays live with the current feature-set. The agreement is for all previous work, the handing off of accounts, and for future support of the platform until the DAO is fully launched.

Previous Work: This agreement would recognize the previous work done by Leios to get the platform into its current state and consider that Contrax would have compensated Leios for anything done for the project until this point.

Accounts Hand-Off: The accounts to be handed off are all the accounts listed in the whitepaper in pages 13 – 15, alongside any account that is created for Contrax while Leios supports Contrax.

Future Support: The support provided will be all the listed tasks for “Routine Platform Management” on page 16 of the whitepaper, including bill payments and platform maintenance, up to a $25,000 limit. The DAO can take over any of these tasks before the end of the support period if it wishes.

The support will be guaranteed to continue until there is a tradeable token (this would be 180 days after the non-tradeable is launched is proposal 3 passes). In exchange, Leios will receive 20% of the upcoming Contrax DAO tokens. This 20% will have a release schedule of two years that starts from when the token is tradeable. This 20% will unlock with 4% upon the DAO token being transferrable, and then 4% released every month after.

Leios is also willingly conveying to the DAO that it intends for the majority of these awarded tokens to be used in equity deals with investors as token warrants, with the minority being used to incentivize its own contractors. This will be done under the expectation that these high net individuals and organizations would also further support the growth of the Contrax platform. This information is not part of the agreement or the proposal, but is being provided for transparency purposes. We also want to note that given regulatory uncertainty, we did not believe we could share this information, but have now been legally advised that the recent Ripple case ruling allows us to disclose this intention.